That's all great stuff, however don't forget PB on D1 on IEURX @ major support line and PPZ. Here's the D1 chart. Also on GU a lot of traders are calling for downside but really the momentum is just picking up and GU is prepping for a spike up ...

The WoRmHoLe

Myk it's all about the patience man, you gotta stick with the game plan and be patient. This chart is on light crude oil, pennant break out seems to be in place and the PA is favoring upside now - this will support higher prices on gold. + USDX H1 ...

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

you just can't short gold if it cleared 1525, period. It's a psych level, and also USDX made a tower top and also broke H1 triangle to the downside. USDX is done with the upside for this month, as I posted previously, so a rally in gold, euro and ...

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

Nav for me I'm more focused on on 100-150 points moves on GU, so right now looking for a decent entry to go long, which is at least 2 to 1 risk/reward, we need to clear the GU PPZ @ 6305-6311 to unlock upside @ 6380-6420. That would be enough for me ...

The WoRmHoLe

medbs you may laugh as much as you like, accounts over 100K are hosted either with Interactive Brokers or with Dukascopy, there are some other liquidity providers with ECN but none of them are based on Metatrader. I'm sorry if that is news for you. ...

The final Holy Grail

Medbs I don't know of any serious trader, who does 100K+ accounts on MT4 platform, it just doesn't work.

The final Holy Grail

NAV bro I'm not sure about 400 pips in three days, although that has been done before, but a retest of MP @ 6480 is possible, if the dollar bears resurrect from that coffin. sorry if I disappoint anyone but on GU I'm only looking for an entry to ...

The WoRmHoLe

Mattz if I was you I wont be so confident about it. GU is picking up momentum and trading above WP. Also GU has completed it's AMR for May. Currently more likely that it will consolidate @ 40-80 and then spike higher and try for 6380. Also as NAV ...

The WoRmHoLe

ok so now USDCAD is going lower, GU and GJ are going higher and that's just to reinforce that trading is first of all a patience game. Today I ran out of patience and prolly halfed my profit points in half, Though we live to fight another day.

High velocity trading

I completely agree with you Azim, like on that H1 USDX there was the H1 almost PB, however it's almost 100% deception since it's stuck in traffic and not at a key level, only good indication is divergence on RSI, that triangle looks like it will ...

The WoRmHoLe

Here's why I don't like it! USDX H4 EW analysis image And here's the USD CAD H4 EW image

High velocity trading

USDX H4 EW analysis, sailor I'm out of loonie due to this deal here image And here's the USD CAD H4 EW image

The WoRmHoLe

out of USDCAD closing manually with +3, I don't like the PA now.

High velocity trading

Azim it's an H1 USDX chart. PA came from below so might be a continuation break out, that kinda goes well with the light crude pennant. image

The WoRmHoLe

GU test of 60-80 is key for further PA, I just didn't have enough patience to keep my longs till that area.

The WoRmHoLe

I can say that from observing price action on gold that it has been very slow and capped at 1527 currently @ 1525 so can't clear 1525 with a strong move, so that prolly means uspide is very limited now. It's not so clear with oil though, however ...

The WoRmHoLe

So Azim you think that triangle's gonna break out north? It's an option though the AMR on USDX is out already, however average is just statistics anyway and stats is flawed to say the least.

The WoRmHoLe

Good thing I didn't touch euro today, covered my GU and GJ and now feel good about it.

The WoRmHoLe

also don't forget that USDX still hasn't resolved the triangle setup, it looks that downside is more favorable, however need to confirm that. image

The WoRmHoLe

6211 is WP and price is currently just sitting on the WP so I'd wait for WP to be cleared before going short.

The WoRmHoLe