Below is a current Gold chart. I personally have not taken a trade. When I look at this, I see a 80+ pip move on gold. Now there are somethings I will keep in mind:
Price has moved 80+ pips
There was volume in the market
I cannot chase price since the move has already happened
These things are very important to keep in mind as you are navigating price action. Alot of time you will MISS the move. When you miss the move, you look around at your peers and see some traders were in the trade. What do you do next ? You start to execute thinking you can chase price.
That is where most traders go wrong. The best thing to do at that moment is to tell yourself "I have missed the move". That statement will keep you safe more often that not. Its never a good idea to chase. NEVER CHASE.
What do you do next when you accept that you have missed the move ? You look at price action, and you start to explain to yourself WHERE could you have executed the trade. Makes notes and visualize your entry, because believe it or not, these situations will happen over and over again. If you start to chase price, you MAY win, but more often you will get caught in a retracement.
Studying the price action, will help you be READY for the next time it happens. In the chart below you see the arrow, that is where I would have executed the trade.
Why ? More is explained in the link below :
https://whop.com/hub/market-fluidity-uni/trade-breakdowns-7P697SNlXvHGZN/app/