ADR daily range, AWR, average weekly range, AMR average monthly range. Useful concepts to assess Risk/Reward for sure. No problem at all mate!

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I suggest you use IBFX MT4. It has got pretty accurate O/H/L/C!

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Dan to answer your question, today is 21st of september 2011, the AMR on GU, EU, AU is out already on the downside. The majors are about to rebound. The risk/reward currently has shifted to the upside. Downside seems to be very limited, although ...

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this is a wrong close. close is 1824

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Also some might say, why don't you short sell upon WP rejection? The deal here is that you don't do any trading, unless triangle breaks out and direction is chosen. We don't want to be locked in a tight range guys!

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gbp usd long @ 5787 sl 25 tp 5892 aud usd long @ 0317 sl 20 tp 0392 xau usd LONG @ 1819 SL 1801 TP 1858 EU is a long as well, however I can't seem to find a decent entry at this stage.

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image Let's review this H1 XAUUSD chart, I think it's important that we do so. On H1 we can see PA setting up for a triangle breakout. Now the question is which way if any it's going to breakout? 1) We see a sequence of LL HL HL - which is bullish ...

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morning guys! Time to short sell the XAUUSD. It's being rejected @ WP right now. Won't place the pending order too close though. I'm putting in this one: short sell @ 1793 SL 1803 TP 1738. However, gold can also clear the WP and break TL so for this ...

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great news mate, the idea is still to short sell, as I doubt that we reached the bottom yet. I think no QE3 will be announced or somehow the deal tmrw will impact gold prices and send them lower to 1700 this week. From 1700 a strong rebound could be ...

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Gotta love the technical confluence, huh? image

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Closed @ 1777 upon indication on M15 of forthcoming reversal. Will initiate shorts, if we break 1755-58 area now. Good trade overall on Gold for the last few days, made away with a good stash.

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setup has failed.

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BRENT is making a run for it, below MP and rejected @ tech confluence. I'd say not long before XAU should proceed with it's descent to 1750. image

XAU/USD & XAG/USD - Gold & Silver Traders Thread

yeah true mediocre performance so far, still got some time into the session, but it's been a pretty tight range so far.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

image GCAD H1 chart. Looking to initiate shorts below the highlighted area now. Currently PA is @ WP, and I want PA to be rejected @ WP before taking this trade.

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short is ON right now and adding below 1785. Brent met strong resistance below MP and met technical resistance @ 110. It's reversing and going down at the moment. This looks like a good sign for further downside on gold.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Also it's important to note that 111 is MP and we are reversing below MP now on BRENT.

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image Consider BRENT H1 chart for a sec. We are @ the area of tech confluence, where we are testing sup turn res at the moment. Price met resistance and is dropping as we speak. I'd say that this will keep the XAU USD short sustainable at the ...

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won't happen. you do realize that at any rate there's gonna be 12 year old kids and old farts still trying to jump on you whatever you do. It's just the normal state of this thread, gotta get used to it. You can get upset with it or just ignore it. ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

catch ya silly SOB now. game on.

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