NFP Trading Setup
Today NFP data is coming
Fundamental side: last NFP is bad,
and today's NFP's forcast is not very high as well.
ADP Data is also not very good.
So Dollar is not likely to gain strenght from this NFP
Plan A:
If NFP data is less than 150k, Gold Rally to 1430 but can't
break 1430 in the first place,
then we can use lower time frame's price action
find pin bar , engulfing, inside bar break down to take a short
Plan A minor: If Strong Green candle break 1440 instantly
then we find pull back to buy
PLAN B:
If the NFP data is greater than 150k , then gold may drop,
Ready to buy gold from 1395 demandzone + Trend line support,
Gentle Reminder:
Do not all in, Do not gamble, Do not trade
before the news
Price moves very fast after news, so if you have
reward risk ratio 2:1 , you should take some profit
Random Trading, Ruin your life -- Alwasy Funding, No Profit to withdrawl
or
Professional Trading, Enhance your life---Consistantly Withdrawl, keep finding good trade
Which one you choose?
Today NFP data is coming
Fundamental side: last NFP is bad,
and today's NFP's forcast is not very high as well.
ADP Data is also not very good.
So Dollar is not likely to gain strenght from this NFP
Plan A:
If NFP data is less than 150k, Gold Rally to 1430 but can't
break 1430 in the first place,
then we can use lower time frame's price action
find pin bar , engulfing, inside bar break down to take a short
Plan A minor: If Strong Green candle break 1440 instantly
then we find pull back to buy
PLAN B:
If the NFP data is greater than 150k , then gold may drop,
Ready to buy gold from 1395 demandzone + Trend line support,
Gentle Reminder:
Do not all in, Do not gamble, Do not trade
before the news
Price moves very fast after news, so if you have
reward risk ratio 2:1 , you should take some profit
Random Trading, Ruin your life -- Alwasy Funding, No Profit to withdrawl
or
Professional Trading, Enhance your life---Consistantly Withdrawl, keep finding good trade
Which one you choose?
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Plan B working
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Here is the Three Inside Bar that I found and traded
You can take this as a trading log for review purpose
You can take this as a trading log for review purpose
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I have circled all the trades that i spot.
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Trade stängt: målet nått:
Trade Closed, from 1395 TO 1420
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