XAUUSD USING SLK STRATEGY

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@headies25284 - 3 months ago

I just executed a sell trade . It’s a counter trend trade, risky but worth it. I minimized my risk for this trade.

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@headies25284 - 3 months ago
Quoted - headies25284

Progress of the trade. Gold is bullish so I won’t be holding this trade for long.

I will be closing this trade here in good profits. I’m done trading for the day. Stay locked in.

H
@headies25284 - 3 months ago

On 4hr timeframe, I am seeing series of breakout to the downside. At the moment I am bearish on Gold until proven otherwise. I will be looking for sell entries on lower timeframe.

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@headies25284 - 3 months ago

I just took a short trade on this pair. Why? The Asian session liquidity served as liquidity for my breakout zone on 4hr and the moment price swept it , I took my entry.

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@kehinde - 3 months ago
Quoted - headies25284

I just took a short trade on this pair. Why? The Asian session liquidity served as liquidity for my breakout zone on 4hr and the moment price swept it , I took my entry.

I dont understand what you mean by "asian session liquidity served as liquidity" if you can explain is simple language that beginners will understand. I've been trying to understand it for the past 10 minutes and I cant.

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@headies25284 - 3 months ago
Quoted - kehinde

I dont understand what you mean by "asian session liquidity served as liquidity" if you can explain is simple language that beginners will understand. I've been trying to understand it for the past 10 minutes and I cant.

The blue box on my chart shows the Asian session. Most times , the Asian session serves as liquidity for most entries. Personally, I love to see Asian session swept as liquidity before taking my trade.

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@headies25284 - 3 months ago
Quoted - sandy20

Good morning, I like to know at what point exactly was the Asian liquidity swept can you mark it out?

I want to believe the image helps better. Do you know how to get the Asian session indicator on your chart?

H
@headies25284 - 3 months ago

Gold keeps dropping, these are the kinds of trade you allow run but at the same time not get greedy.

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@yokoyi - 3 months ago
Quoted - headies25284

Gold keeps dropping, these are the kinds of trade you allow run but at the same time not get greedy.

Thats why it is advisable you break your trades into several small lot sizes so you can always close some and leave the rest to run

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