Charlene FX discusses her recent live trade sessions, including a successful gold trade, and the impact they have on helping people understand markets better. She breaks down how she caught the trade and the importance of being conservative during NFP week. She also discusses her overall trading success for the month and the importance of managing risk.

How to Catch a Gold Trade with Charlene FX

Introduction
As a trader, catching the right trades can be the difference between making a large profit or a significant loss. In this video, Charlene FX takes us through her process of catching a gold trade that resulted in a significant profit.

Live Trade Sessions
Charlene FX begins by discussing the live trade sessions she has been holding, which have been helping people earn money and change their perspective on the markets. She appreciates the love for these sessions and their impact on traders.

NFP Week
She notes that NFP week can be a flip of a coin, either heads or tails. During this week, the market may not behave as expected, and some set-ups can turn into strikes. Charlene FX decided to be conservative because of this and took a loss on the previous day.

Gold Trade
Charlene FX then takes us through the gold trade she caught that morning. The trade resulted in a 36 pip profit.

Market Structure
She notes that the market structure played a crucial role in her decision to take the trade. Gold had broken an area of support the previous day, and she was looking for price to respect that area as it dropped further.

Consolidation
Price began consolidating in an area, and Charlene FX was waiting for a bullish move to push price back up. She was looking for a certain level to get broken to give her more confirmation that the buyers were taking over.

Entries
Charlene FX took the entries on the 15-minute timeframe, watching it especially after the rejection. She took two positions instead of her normal three and made a profit.

TP and Holding
The overall TP got hit eventually, and Charlene FX notes that had she held the move, it would have been a monster day, especially during NFP week. She decided to be conservative, thinking about making back her loss from the previous day.

Live Trade Group
She notes that some members of her live trade group caught the entire move by trailling their stops, resulting in a significant profit.

Conclusion
Catching the right trades requires an understanding of the market structure and a willingness to be patient. Charlene FX’s process of catching the gold trade highlights this and shows how to make a profit during NFP week.