AUD 0.00% 1.4820 australian dollar

I'm watching the XAU/USD this week hope you don't mind I post...

  1. 815 Posts.
    I'm watching the XAU/USD this week hope you don't mind I post this Pinozi?

    Simple rules: Look for triangles plays risking no more than 2x profit target and take trades in line with the overall trend. Got a couple trades in over the past few days and looking for another long where I have a price alert around 1342. Could have reversed the trades to go short instead of exiting but decided to stop doing that after a few failures. (against the overall trend)

    I don't go into FA too much other than keeping an eye on news events.

    4 hr and daily charts below.

    xau 4 hr.PNG Xau daily.PNG
    Last edited by TwoHandsRevy: 17/08/16
 
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