Just wanted to share a live price action day trade I took on Gold, a long which was closed just $1.50 off the London session high for the day. See chart below;
Total profit on the trade was +1230 pips for an almost 4x reward-risk play. Thus for every 100pips I risked I gained around 400 pips.
This trade was done using a rule-based system from my Price Action Course which occurs on a daily basis across multiple pairs and instruments. I am actually looking to get long again soon if the pair hits my price.
If you were sitting on your hands waiting for a cherry A+ setup that never came, then you are missing high …... Keep reading