"What would you do if the next candle was really bearish and closed at 92 or maybe even lower essentially traveling most of your anticipated move before giving you an opportunity to enter by your guidelines ?"
"XAU/USD Closed 1339, 1 year Avg 1344.58 break higher range 1344.58 - 1497.92, current range 1297.71 -1344.58, 2 year average dictates Gold moves at 1497, 5 year=1297, 2 year=1497, 1 year = 1344. Ongoing targets: 1241.60, 1322.77, 1599.34…"
Posted Early-I am traveling$EURUSDWhat ProAct Forex Target Traders See: We are currently sitting @ 1.3867 looking to finish a 3rd wave to the top. A couple of different scenarios: 1: a bounce on the former pennant line and a move to the 1. 270 Fibo @ 1.4004 area) 2: An a-b-c correction to the trend line @ 1.3780 area would set up a nice wave to the same target . The average daily true range (ATR) for the pair currently is 72 pips. …See More
An important aspect of successful trading is the concept of creating boundaries and rules to help present the market to yourself. There is no exact correct way to do this but I will share my general view of this using a current EY chart to demonstrate.First off , define a trend, theres many ways to do this, just pick one. In…See More
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