Out of Gold. Not testing this level again now, scalps done, that's it
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Out of Gold. Not testing this level again now, scalps done, that's it
Unless scalping that level was used and ready to pop, hence the message yesterday to stay out of it, and let it go up if it wanted to. The move came nicely from resistance giving the short for a lovely capture, if you took it, that should be you done for the week! It's end of month, if you're still in the markets, well done, be happy with it and come back next week! Take when they give, give little when they take!
I missed the move:
Are you sitting there thinking you missed the move? As a trader it doesn't matter where the price goes or what it does. We need to have the discipline and a set of rules that we stick to like we're robots. We trade the day, we make the most of it and we take what we can. Whether it goes up, goes down, it doesn't matter, you're here to trade it within the parameters of your trading system and strategy, then get out and enjoy the rest of your day.
Education and analysis is so important. We have to learn the behaviour of the market makers, the price action and the structure of the chart. I need you guys to remember this, "the market will always give you an opportunity, either to get in, or to get out". Levels don't lie, price needs to create structure and fill voids, it needs to test price points almost to see if it likes it or not.
Are you sitting there thinking you missed the move? As a trader it doesn't matter where the price goes or what it does. We need to have the discipline and a set of rules that we stick to like we're robots. We trade the day, we make the most of it and we take what we can. Whether it goes up, goes down, it doesn't matter, you're here to trade it within the parameters of your trading system and strategy, then get out and enjoy the rest of your day.
Education and analysis is so important. We have to learn the behaviour of the market makers, the price action and the structure of the chart. I need you guys to remember this, "the market will always give you an opportunity, either to get in, or to get out". Levels don't lie, price needs to create structure and fill voids, it needs to test price points almost to see if it likes it or not.