there's a 50% fib at 1287.177 on my chart just below as well. This is from the low to high from December to March. I am sure that is providing some support as well.

Only Gold!

first 2 trades were stopped out with loses. Typical :-) Now long with London open and with bullish outside bar on the hourly chart. Let's see what happens.

Only Gold!

Ok was stopped out of that one. Now short.

Only Gold!

I went long a few minutes ago (just before London open) after the breakout of a triangle I identified. My target is the recent high but will continue to follow up. My strategy is to play the London and New York opens on a 1 hour chart. Typical ...

Only Gold!

Mine went down to 1272 as well.

Only Gold!

Hi. Everyone. Long time watcher but haven't posted for a long time. Just started trading Gold again so will try and contribute. Experienced trader but not in Gold. Hope to learn a lot and hopefully help others. pchees

Only Gold!

A question on the system. I normally close my positions on a Friday no matter how good (or bad) they are doing, because you never know what will happen over a weekend. I trade with the 4 hour charts and my stops are normally quite wide so I do have ...

Trading Made Simple

I always feel you need trades room to breathe, and with this system I use the 4hr charts so I am looking for the bigger moves anyway. My lot size will depend upon whatever the ATR is * 2, and are then sized accordingly so that I only ever risk 2% of ...

Trading Made Simple

Yes I went short as well and still in. My stop is at 2*ATR and will now move to break even. Up about 100+ pips. Entered because of the bounce off the red line by the green line.

Trading Made Simple

I'd be careful about this one. The EURUSD has been dropping for such a long time now and still in a major down trend. With all the issues around Europe I expect it to continue down. You might be better waiting until a pullback and then taking the ...

Trading Made Simple

Hi There are no short cuts here. You have to read this forum from beginning to end. It took me 2 weeks and I only finnished it a few days ago, so I am still very new to this forum. All your questions will be answered but you have to put the work in. ...

Trading Made Simple

Hi Have just finnished reading the thread (took me 2 weeks :-)). Just want to say thanks to all the contributions. I am an experienced and profitable trader using mainly price action, but I am always on the look out the new techniques. I have been ...

Trading Made Simple

When I trade I always think in terms of pips rather than monetery value. That helps me keep things in perspective. Obviously a risk management plan is crucial and you need to be disciplined enough to follow it. If you're watching the screen all day ...

The mental game!

Thanks for the replies I will switch to the dailies etc and try from there

Weekly Trend Trading Method

Hi I have recently found this forum and have worked my way through it. I have also loaded the indicators and played with the system (both versions). It tried it on the 1 hour time frame initially and I found myselg getting stopped out alot and lots ...

Weekly Trend Trading Method

blimey if you had 3 off these you could be completely surrounded!!!

james16 Chart Thread

Hi So the best thing to do in this scenario is check the previous history of that pair and see what it did when one of these pin bars (in line with the trend) appeared. Particular pairs behave differently at different times I guess. How far back ...

james16 Chart Thread

Hi Thanks for the comprehensive answer. Those pins (2 & 3) are real bread and butter trades. Wish they happened all the time! They seem to be the most powerful PA signals especially if there is confluence with EMA, Fibs etc. It's very refreshing to ...

james16 Chart Thread

Hi Ghous Thanks for this. I will take a closer look at those charts and the other postings. pchees

james16 Chart Thread