I just wanted to post a live intraday price action trade I took on Gold today, buying the dip on the NFP reaction as I detected strong buying interest at my level based on short term price action. Chart below:
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.
Total profit on the trade was +1415pips. In terms of risk, it ended up working out to be a 4.75x reward to risk play, meaning if I risked 100pips, I returned 475pips.
Prior to making the trade, I had commented on it in real time on my 2ndSkiesForex Facebook page.
It should be …... Keep reading