XAUUSD Outlook 4/9/23 I got caught in the trap 🥲
Whats up gold gang!! hope you had a nice weekend! I have been cooking up in backtest mode playing with the reversal entries and getting that win rate up .. cant wait to show you what i have found.
Bank holiday in the USA tomorrow! so that means ... slow price! so im not expecting much really other than range. Ill still be around for you, but im not being optimistic
Lets talk about what happened friday and how to avoid it happening again ...
After news, I could see bullish price action with a strong close and my strong monthly level just 30 pips away!! Thats a top set up for me so i took it. Then boom, price full reversed 150 pips or so confirming i was 100 percent wrong! (it happens)
Turns out to the left was a little high that was grabbed for liquidity and thats exactly what i was .. liquidity lol .. in future i will not take continuation buys so close to levels. 30 pips is enough but it has already moved 70 in the range so its best to leave in future
this is what trading is about guys .. getting rekt and learning from it! .. Its more feathers to your bow as they say in the building trade .. remember this! grow from it like i have
Im still on the quest to become the greatest gold trader of our generation .. so steps like these are great for my plan, so when im managing millions, i wont get burned.
Buys, sells and reversals all on the charts ready to rumble, so copy them on to yours and lets smash it together tomorrow
hit the follow button so you dont miss a trade .. smash the like too while you're at it
catch you in london
you mate TommyXAU
Bank holiday in the USA tomorrow! so that means ... slow price! so im not expecting much really other than range. Ill still be around for you, but im not being optimistic
Lets talk about what happened friday and how to avoid it happening again ...
After news, I could see bullish price action with a strong close and my strong monthly level just 30 pips away!! Thats a top set up for me so i took it. Then boom, price full reversed 150 pips or so confirming i was 100 percent wrong! (it happens)
Turns out to the left was a little high that was grabbed for liquidity and thats exactly what i was .. liquidity lol .. in future i will not take continuation buys so close to levels. 30 pips is enough but it has already moved 70 in the range so its best to leave in future
this is what trading is about guys .. getting rekt and learning from it! .. Its more feathers to your bow as they say in the building trade .. remember this! grow from it like i have
Im still on the quest to become the greatest gold trader of our generation .. so steps like these are great for my plan, so when im managing millions, i wont get burned.
Buys, sells and reversals all on the charts ready to rumble, so copy them on to yours and lets smash it together tomorrow
hit the follow button so you dont miss a trade .. smash the like too while you're at it
catch you in london
you mate TommyXAU