monthly USDX 3:1 favoring downside currently

The WoRmHoLe

Just another tool in the toolbox, can't make decisions based on EW outputs. I'd say I will rank S/R, pivots, sweet spots a much better tool than EW for live trading. However it kinda gives you a good idea for further direction, I only use it for EOD ...

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

Also Azim, have you seen dragon? From the month start lost almost 600 points, R/R shifting towards going long on dragon me figures, however prolly need stronger PA and a response @ 130.20-130.40 area to consider going long on dragon. Would be great ...

The WoRmHoLe

GU yes sir, it's awr is smthg like 320, it's been at almost 6520 subtract 320 and get 6200, pretty much where we at it right now. sorry fellas can't post charts, kinda trying to position myself for the upcoming move, anyhow I posted more than ...

The WoRmHoLe

yikes, usdx closed previous H4 with an almost text book PB.

The WoRmHoLe

no wonder man, we got the best hotties and not enought menpower to handle them. hey, btw, is that true that they shut down sardinia for the august, cause the local mobsters book the best hotels there? I was kinda planning to go in august but got ...

The WoRmHoLe

Dario I think you need to give more love rather than money, you know you can do better than that, bake some italian pizza and send to the fellas in south africa, you got good heart man! image

The WoRmHoLe

loonie H1 pending H&S neckline break, will look to do ss on 9587 SL 20 TP 80.

The WoRmHoLe

weekly and monthly pivot

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

this is a universal truth that might sound mundane, but that kinda works for me as well.

The WoRmHoLe

personally Im waiting for nyo, don't like a mean as PB on H4 loonie and metals can't clear mp/wp, indirect impact on EU, however retrace still an option, however the pattern does look good, nice spotting!

The WoRmHoLe

Azim I think you need to seriously consider starting up a biz of selling FX invicibility potions, you got the code cracked for sure. on a diff note, metals got pretty undecisive action btw, prior to nyo, can't clear mp/wp and kinda doing a retrace ...

The WoRmHoLe

nyo c'mon show us the flow. almost 4 hours to go still.

The WoRmHoLe

why actually not wait until mp/wp is cleared that prolly wont happen until NYO anyway, so kinda better option is 1517.30 and set SL @ MP once it's cleared and TP at 1501+26 = 1527, that kinda yield better r/r in my books.

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

adr on gold is 26, so still has got plenty of room to go once wp/mp is cleared

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

gold locked in range of WP & MP, so unless H4 candle clears it, no trade for me. Lets see if NYO can clear things up, however still 4 hours to go. Also by looks of PA crude oil wants to retest WP.

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

usdx now @ 74.92 next supp @ 74.61 if/once cleared it's all the way to 73.50

The WoRmHoLe

EU cleared MS1, now where to next? MP & WP?

The WoRmHoLe

dario, upside currently on GU has 3 times the potential of downside, with commods (silver, gold, oil) strong momentum buying, I can't see a reason to consider shorting GU, also we almost done with monthly and weekly range on the downside, so time to ...

The WoRmHoLe

image I like to keep it very simple for trading purposes. closing above 1509-1515 of at least H4 candle - good signal to go long. Currently unless we break the zone, I can't see a reason to go long - not much volume and not much trading done, so ...

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