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XAUUSD Gold – are we ready for another big move?

I received questions from students, how to get the results listed in blog post. There is really no short-cut to trading. I spent probably 10,000 of hours in front of the screen – to quote a student who flew from UK to attend Tflow® class. Those trades in blog came from twitter, came from a combination of box analysis, key levels, 1234 and also notified by TX Alert. Note that as explained in all classes, NOT ALL TX ALERTS ARE TO BE TAKEN. They are to reinforce your analysis and also to provide an alert to let you know of potential trades!

I remembered the days, months, years that taught me to trade – the market is my teacher :)

Few success factors that I can think of to have the results in blog:

1. Be patient and wait for a setup

2. When in a good trade, ride the trade to key levels. Don’t be scare of profit

3. Always plan your move. Boxes offer great visualisation

4. Don’t hope for something to fall out from the sky. You are rewarded for your hardwork. A student asked: “kneel and pray for my sentosa cove condo” to get the results listed in blog post? For every trade that I did, every trade that you read about, I spent hours to plan and analyse them

 

This is a trade that I planned for weeks. XAUUSD. Let me explain what I meant with all the points above.

1. Be patient and wait for a setup

I’m sure you can draw these resistance levels as I do. What I did is to wait for price to show resistance and then look back historically to find where are key resistance. It’s about patience and making an effort to look for them. If you ask me to find them for you, I can do so, but it also means that next time, you won’t be able to find them again because you didn’t experience the process of looking for them.

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Clear resistance from previous price levels

2. When in a good trade, ride the trade to key levels. Don’t be scare of profit

Asked me how I got the pips in blog? It’s all about sticking to key levels and letting profit ride. This is easier said than done. But we have to train ourselves. It’s positive reinforcement. Blue line above chart will be the immediate support, if price breaks below this support, it is likely to head to next support (see chart) and also round number 1300

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support zone

 

3. Always plan your move. Boxes offer great visualisation

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Boxes is great to see change in sentiment

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Boxes and 1234 and WR

4. Don’t hope for something to fall out from the sky

Use boxes to see h4 trend, use boxes to see change in sentiment to note your immediate direction – which in xauusd case it shows bearish expansion. Thus wait for a 1234. Don’t wait, plan it.

 

Update on 2 Oct 2.39pm

Stunning performance from XAUUSD. I always remember not to take a winning trade for granted, because my next trade could be a losing one. However, I also don’t get discouraged with a losing trade (if I had everything planned properly), because my next trade could be a winning trade!

XAUUSD trade was a 300 pips movement in less than 24 hours.

I tweeted that, and in case you are wondering why the stated price is $1329. Nothing is hidden from Tflow® students as said in our preview. There is no blackbox. But what some of you might be lacking will be the experience to see it fast. Try asking me to be an accountant. I probably faint right away!

 

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The 1234 in Xauusd

Ask me again how that pips recorded in blog is made – there is no secret

It is about following Tflow® rules, about following the steps and not to deviate from it. It’s about best practices. I don’t try anything funny.  And would say that my advantage is to ride a winning position till it’s dead! I’m not scared of profit!

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Boxes in H4 chart

 

Did you get that 200-300 pips?  If no, then just repeat best practices.


 

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One thought on “XAUUSD Gold – are we ready for another big move?”

  1. Tamas R.T. King says:

    Thanks Bunny a great explanation on this trade. Patience and trust in the system is key to everything.

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