Did you have a chance to profit from my article on GBP crosses yesterday? I heard some of you did! But if you didnt, there is still room to take a few trades… comment below if you need help.
Today lets talk about Gold (XAUUSD), because there is a lot of evidence that it will move up, and very fast!
How is everything traders?
Did you take advantage of my article yesterday about GBPCAD new signals? Please let me know.
You know something, we shouldn’t mind about the instruments we are trading…
There are only three things that we should consider when adding new instruments to your list:
And you are good to go!
Just don’t adventure and trade exotic currency pairs or instruments alright? Make sure you are trading high volume instruments.
I think we need to keep adding instruments, you just need to make sure you get to know them before you actually taking those trades.
What kind of instruments should we consider adding:
Hey trader, hope everything is going well on your end…
What do you think about the market so far this week?
From the way I see it, its been difficult to find good opportunities. Most currency pairs have been trading in a very tight range, not well defined, etc.
We’ve got to be patient though, I’ve learned through experience that, our job as traders is not to be in the market every day, but to be in the market when the odds are on our favor.
Even when sometimes that means to be in the sidelines for a few days (or even weeks).
That’s the reason we need to make the most when the market has clear conditions:
It’s been a while since the last time I placed a trade on gold, but I’m really thinking about trading it in the following weeks.
Take a look at this chart:
So it looks like it will go down a bit, and then turn around.
Of course I’ll wait until we see a clear rejection of the support level, then I’ll start looking for long opportunities.
Do you think it’s a good plan?
Cheers,
Raul Lopez
Forex Course
