This is why you wait for the candle close and a good confirmation
Watching $XAUUSD live, this looked like a strong momentum breakout above the 10M resistance.
Price ripped through the level, creating the illusion that the breakout had already happened.
But in reality, there was never a confirmed close above resistance.
The breakout failed before the candle could close , followed by an aggressive reversal.
Those who were patient, They were protected by confirmation.
Sometimes the biggest trap is the move that looks the strongest in real time.
Break and Ride TIER- C Set-Up on $XAUUSD
Low probability set-up turning into a good runner, initial plan was to wait for the closure above 10m resistance but we never got a chance to smoothly reclaim the resistance hence never executed
However Price Again Reclaimed Above But I drew new resistance on 10m time-frame
Once the two candles closed above the drawn resistance I pulled the trigger giving me a good runner in the VIP
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Break and Ride TIER-A Set-Up on $BTC
Although it wasn't much of an A+ Set-Up due to low volume on Sunday but nevertheless I updated in VIP CHAT that we have swept the liquidity and potentially go higher
First TP was the range mid area at 77.5k which has been successfully hit.
It was a good logical trade based upon the following Bitcoin Uptrend and the Set-Up Formed after the sweep
$6,068.40 realized on $XAUUSD this week
10 positions.
9 winners.
1 tiny -$6 loss.
The goal was never to catch every move.
Just execute the setup, manage the position, and let the numbers speak.
I donβt think people realize how much can change in a year.
Different mindset.
Different priorities.
Different people around you.
Different version of yourself.
And somehow, youβre still just getting started.
Break and Ride TIER-A Set-Up on $XAUUSD
I updated the reasoning prior to the execution inside the **Premium Set-up Section** and I was able to tell them when I'm entering the trade in the other section
After Missing Out on a Pervious A-Tier Set-Up I patiently waited for another Set-up to form and I wasn't scared to really long the breakout at top despite gold pumping too higher as there is a strong follow through and momentum in the market, plus gold has been on easy mode lately