#XAUUSD Daily Trading Plan 2023.10.27

Hello, everyone! 🌞

Yesterday, we executed trades on both the buy and sell sides, successfully profiting from both. We sold at the 1993 zone and bought at the 1973 zone (XAUUSD provided us with very promising signals). Congratulations to all of us! 👏

👉 As usual, before I share today's new #tradingplan, please refer to the instructions on where to place your stop-loss and how to manage risk in this post: x.com/RinMeow89/stat…

As you know, I practice pivot analysis every day, and I can sense that I am improving steadily. My plan is highly accurate, and I have received many messages from you, questioning how I can achieve this level. All you need is a book; this is a must-read and must-research book: "Secrets of a Pivot Boss - Revealing Proven Methods for Profiting in the Market" by Franklin O. Ochoa. This method is predominantly used by professional traders and investors. If you know, you know.

Now, let's dive into the trading plan. #Xauusdgold 's opening price is above the POC (Point of Control) and Pivot, so my directional bias remains bullish. However, since today is a Friday, the market can sometimes be less active, while at other times, it may exhibit high volatility. It all depends on how the market decides to move. If you hit your stop-loss three times, consider halting your trading for the day, knowing that we have an exciting week ahead with promising trades for the next week. Do not overtrade in an attempt to seek revenge against the market.

Long/Buy Entry: 1972 - 1979 - 1983 Target: 2003 - 2008

Remember to wait for clear signals before executing a trade and always have your stop-loss in place.

And if you have the time, I highly recommend reading the book I mentioned earlier. It's a powerful tool that every trader will find invaluable (unless, of course, you're the lazy type ^^).

Happy Friday! 🫶

#XAUUSD Daily Trading Plan for 2023.10.17

As is customary, before you engage in trading with #XAUUSD or any other currency pairs, please consult the guidelines for placing your stop-loss and managing risk in this post: x.com/RinMeow89/stat…

Yesterday, XAUUSD traded within a range, just as we had anticipated. As a result, there were no trades to be made, correct? Some scalping traders prefer a ranging market as they find it safer for scalping. However, I personally favor volatility. It offers the best opportunities, but if you're new to trading, do remember to set your stop loss - it's essential.

Today, the price opened below the Pivot and Point of Control (POC), indicating a bearish trend. I still believe that XAUUSD may experience a slight decline to test key levels before a potential upward movement (if it chooses to go up). Interestingly, XAUUSD finds itself in the same Money Zone area for two consecutive days, which may imply either a continuation of the upward breakout or a breakdown to the downside. If we reach the stop-loss point, it's time to wrap up trading for the day and wait for better opportunities.

Expected Outcome: Bearish Potential Sell Entry Levels: 1933 - 1944 - 1954 Target: 1891 - 1905

Always remember, no signals mean no trades! Make sure to do your research before entering any trades.

#XAUUSD Daily Trading Plan 2023.10.12

Hello everyone, before I share my plan for today, please refer to the instructions on where to place your stop-loss and how to manage risk in this post: x.com/RinMeow89/stat…

Are you familiar with reversal candlestick setups? If not, please revisit my previous post, practice, and learn how to recognize them first ☺️

Now, onto my analysis. My expected outcome for #XAUUSD is still bullish. The opening price remains above POC and Pivot. However, given the trend day we observed yesterday, we might experience sideways or ranging price movements. Let's patiently wait for the market to come to us, shall we?

Expected Outcome: Bullish Long/Buy Entry: 1858 - 1862 - 1868 Target: 1884 - 1890

As always, remember that no signals mean no trades! Please do your research (DYOR) before entering any trades. Wishing you the very best! 📈🌟💰