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#XAUUSD
Important to all Gold traders.
I won’t be trading till the market break from this consolidation.
Last week Monday we had a very good setup and ever since the market entered an unending loop, going up and down and making the market profitable for scalpers.
And as you all know I trade and hold in expectation of 1:3RR but in conditions where there is no market structure, there then to be more stops, so instead we wait patiently till both angles are being raided out then we follow the structure.
Writing this to that one subscriber that is wondering why KingFtp is making losses even when it is not like that; the market has been ranging, last month we made good bags and I met my monthly market but somehow this month we have been on a loop, I literally thought the NFP would break the range but you can see it did little to no effect at all.
Let’s wait patiently till both liquidity gets cleared out.
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