I took a nice Gold trade today. You can see that Gold in the medium term seemed to be heading lower and the retracement found strong resistance around the 1711 level causing a pin bar sell off. I placed an order to sell on the break of the pin bar targeting previous lows around 1696 which is 5 points. This trade hit nicely and all within around 20 minutes!
So yesterday, I had saw that the market was moving higher and just shot up aggressively. When markets move up strongly, I personally feel it's too late to join the rally and I would wait for a pullback where I would enter my trade before, hopefully, prices headed higher. So this is what I saw yesterday which prompted my long entry at 12736 I saw the price action had move up and hit resistance at 12800 before falling away, this was the pullback before a potential move higher. I then wai
The markets have been very difficult to read lately so I've not been able to trade as much as I would have liked.. if I'm not sure or just feel that I'm not in sync with the markets, I rather be out. Anyway, I saw a nice set up today. The Crude Oil markets were in an uptrend when the price fell and pulled back. My thinking was that the pullback was going to be shortlived as the price would continue to fall after this. The top as you can see in the below chart was many things.. it was where
