is the EURUSD a follower of gold? I know they relate but how does one dominate the other. How much input does gold have on the EURUSD? Watching gold it seems the EUR tends to lag just a little bit behind gold actions.

EurAnalysis

How does Gold react to US Bond sales etc... Thanks!

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

Mine is 46-50 pips spread which is like 5 pips.... Was trading .10 cent per pip just messing and seeing how it moved. I almost double my account that I setup cheap in like 8 hours. ROFL Heck I only put like $30 in it to open a XAUUSD account. YIKES! ...

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

Thanks!!

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

Thanks! yeah. I usually do EURUSD and some GBPUSD and I still will but Gold def seems more my pace. Def will be using SL while not looking and risk will be low. Easier to do that when you have more moverment. 50 pips is NOTHING. Been looking at the ...

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

Hello everyone. I have just started researching on trading gold. Usually I trade currency but when looking at price movement gold is awesome and would love to add it to part of my trading. May I ask what or where would be a good place to start on ...

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

def would agree with this.

EurAnalysis

I do that as well at times. LOL!!! It works well. I do that when always on a small chart. It helps visually quite a bit.

EurAnalysis

no just one vertical for the opening of the session. Have two horizontal to indicate high or low for the day. Though I am mainly talking about new lows as in major trend new lows or highs not necessarily daily new low or highs.. As I said IF they do ...

EurAnalysis

just look at charts and place a vertical line at the opening session price for previous days and mark previous lows and highs for the day. Then look at the daily trends etc... Then look at where the price is and if it is in a range or going to make ...

EurAnalysis

yep and so does London. Not sure why everyone thinks BB only do long term trades. To much money and PA to not make money short term. All you have to do is look at opening session data and it will show you. That is like watching a underwear pattern ...

EurAnalysis

can't tell you how many times I trades against the trend during the Asian session and them reverse away from a new low or how for the daily trend.

EurAnalysis

no... Basically Asia usually ranges. Most of the time like right now we have a double low at 60. If it doesn't go lower Asia will move the market away from lets say 60 to 75-83 or even 900. Then it will run back at the low or slowly move that way ...

EurAnalysis

I agree...Asia will move it to test a level and then go the other way many times. So I would not consider it buying up but simply moving away from resistance to make a "run" at LL. Markets at open tend not to buy or sell right at the trends bottom ...

EurAnalysis

most of the time yes but sometimes no. Profit taking tends to happen most of the time even after a pop of such heavy resistance. It retraced a little over 20 pips and is on the other side of 75 and walking toward the moves trendline. It will either ...

EurAnalysis

US session down trendline about to be broke or help the market down. Imagine that it coincides with my 9M MA and the MACD is showing divergence. .382 retrace on the US session is 1.2900.

EurAnalysis

3 minute is overextended. If it pops above 75 90-100 is my CT TP depending on PA. I never trade short on a low MACD or Long on a high 3M. Less than 15% chance of success unless the 1M is in a high volume chop market.

EurAnalysis

yep but it is going to come up imo for a bit.

EurAnalysis

wow they actually broke 75 without retrace of more than 20. Surprising! Might be SL hunting for the day though.

EurAnalysis

out at 78 and long. If this goes up and come back down I am def not scalping long.

EurAnalysis