Coming down again. The ranging continues.

Cesarnc's market talk, gossips, rumours & fun

Anyone having fun on gold.??

SAFE - KISS

Yup. Most news is bullshit & FOMC is too, but there are ways to trade & to work out what the market makers are up too . I guess the fake-outs gotcha on those two trades You Shoulda traded gold. post 805.

SAFE - KISS

Keep this in mind guys n gals This is not a race. This is not a competition. The aim is NOT to lose which is more important than winning. Discipline and Patience are the keys to profitable forex trading.

SAFE - KISS

Study the videos

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Most pairs are ranging like they have not for a long time so true trends are hard to find. To confirm a trend has been established you need to wait for the 3rd wave of wave 3 to confirm. The easiest way is to use the hinged lines on the major waves ...

SAFE - KISS

Chasing waves is one thing but If you want to stay with the "Trend" you must ignore the minor waves. And set your SL appropriately.

SAFE - KISS

Short trade confirmed, but be careful. Could be short lived.?? Most pairs are ranging like they have not for a long time so true trends are hard to find.

SAFE - KISS

Yup. To clarify the clarification. The hinge never moves UNLESS the line gets too steep.

SAFE - KISS

..

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Correct at the time. Should now look like this.

SAFE - KISS

Correct

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Pretty good. Don't be afraid to move the hinge if the line gets too steep. No.the daily is my main chart. Only be using 15m & 1H for day trading which is what the "group" will be doing.

SAFE - KISS

Always look to the higher time frames to ensure you grasp what is really going on

SAFE - KISS

Nope. just creates clutter & confusion.

SAFE - KISS

Abrupt means a sharp unexpected pull-back. FOMC coming so expect pull-back spikes. Got a feeling this one could be nasty. Could be a fizzer too.!!!

SAFE - KISS

Red was the correct line but was also obsolete when you posted the chart.

SAFE - KISS

If it's a wave it failed so your line should now be on top of that last high.

SAFE - KISS

A picture is worth a thousand words.

EURUSD only

FOMC tomorrow so these break-outs may be short lived with abrupt pull-backs... Careful.

SAFE - KISS