In this example we see 
XAUUSD forming a simple and scalable setup interacting with key session levels and key times of day.
- 4HR OPEN CLOSE (10:00am)
- SESSION TIME RANGES
- DAILY HIGH/LOW
- SESSION HIGH/LOW
Here on my chart I use no lagging indicators. A previous session ranges high and low represents the major liquidity levels. A classic break and retest going into the NY session took place at 10:00am offering a parabolic opportunity back to a previous days session low.
SIMPLICITY IS KEY. Stay away from trading gaps, sweeps, hunts, soups on the inside of a high and low. The market only does two things.
- Breakout, fail, reverse.
- Breakout, pullback, continue.
Its important to be on a higher time frame to capture multiple sessions of liquidity areas. As a new trader I found looking to take a trade instead of waiting for a setup. 1 minute charts with multiple moving averages, oscillators, macd. Essentially a science project! Keep it simple traders. Patience pays. Timing, levels, behavior of price.
XAUUSD forming a simple and scalable setup interacting with key session levels and key times of day.- 4HR OPEN CLOSE (10:00am)
- SESSION TIME RANGES
- DAILY HIGH/LOW
- SESSION HIGH/LOW
Here on my chart I use no lagging indicators. A previous session ranges high and low represents the major liquidity levels. A classic break and retest going into the NY session took place at 10:00am offering a parabolic opportunity back to a previous days session low.
SIMPLICITY IS KEY. Stay away from trading gaps, sweeps, hunts, soups on the inside of a high and low. The market only does two things.
- Breakout, fail, reverse.
- Breakout, pullback, continue.
Its important to be on a higher time frame to capture multiple sessions of liquidity areas. As a new trader I found looking to take a trade instead of waiting for a setup. 1 minute charts with multiple moving averages, oscillators, macd. Essentially a science project! Keep it simple traders. Patience pays. Timing, levels, behavior of price.
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