All Majors and Gold
1- no swearing or fighting
2- no selling
3- say your views, post charts with reasons
just here to have my views and anyone welcome as long as you follow the rules
hey gnomooney wanted to say thank u for the tip and congrats on the new thread I'm sure it will be a successful one
come n post please
Hi! Thanks for having me here. I have been position trading for several years but...well... that hasn't worked out too well lately. I am interested in trading intraday and I have a question about some terms used.
What does it mean? "e/m and m/e flows" in the overnight hours in the US?
Thanks again! I hope I can get better at this before long!
reason for taking my trade
xau.usd sold 1715.80 tp 1708
- daily s1 1710
-my trend is still grey which is uptrend but today we are in abit of retracement to daily s1 and also to my grey trendline
reason for taking my ea trade
buy 1.2435 tp 1.2460
- mainly stochastic is at oversold and a little retracement should happen
reason for taking my au trade
put a buy order at 1.0380 sl 1.0360 tp open
-reason is a little retracement to my blue and aqua trendline
-a bounce from here is about 1.0380
- this a little risky as stochastic is at overbought and retracement could go for a long drop
congrate on your new forum..
i see that you are using stoch as one of your tool to decide your entry... i like it coz im also using it.
hope can learn from u more...
today there will be more on the table than just
my stochastics is oversold, or this or that resistance level or candle formation
We should be positioning ourselves for the releases of the NFEC, employment rate and so on. the claims and ISM report were positive and the markets reacted accordingly. looks like the economy and everything is working out for Obama so far if there is a disappointing figure then we will have a sell off.
your play is : Us economy continues to gain traction
Disappointing unemployment rate will trigger pessimism.
seems like the Euro is ready to continue up, or USD down however you want to look at it. The new trend would be if it breaks down at 28
My Gold@1716, Please help!
guy i bought Gold@1716, will go rise like yesterday up to 1725 before go down 1713?
right now i'm still new at trading strategies, so i stick with what works for me...slow and easy for now...reading and absorbing different methods.
thank you for showing ....
thanks and gnight
since i trade intraday, i was prefer to see H4.. by the time aud hit my 3rd sell order, stoch will be extreme overbought... and i was targeting 100-150 pip retrace...
Channel: The 4H gold chart shows a market that has been in a declining channel throughout October until it stopped around the 1700 psychological handle. Since then, gold has been consolidating against the channel, and today (11/1) broke above the trendline resistance.
Breakout: The RSI broke above 60, showing that the bearish momentum is no longer persistent as it had been through October. Still price action to the upside is not convincing. In fact it looks like a flag pattern, which if broken to the downside introduces the bearish continuation scenario, with focus on clearing 1700. Below that, gold has the 200-day SMA near 1650 in sight.
Upside targets: If there is further bullish correction against the October bear run here are the progressively more aggressive retracement targets: 38.2% retracement near 1735.60, 50% retracement near 1747.10, and 61.8% retracement at 1758.60. In this scenario, the RSI should start to hold above 40 with focus on 70.
Good chart analysis on gold here as well/
Tks for the thread
Lack of confidence
Wanted to short on big red candle when it closed below green candle didn't do it after that a hanging man but with a upper big wick but still wanted to short but didn't...LOL HATE MYSELF..
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