Daily chart doesn't really offer any more clues than the weekly. The last 4 candles have created a mini -range and if considering a bearish stance, it is probably best to wait for a break below this range. image

Trading Gold with PA

Weekly chart shows that Gold is trading in a large range. Most recent action has been a downtrend within that range. Looking to the left, when price was last in this area, it was a period of congestion where the long upper and lower shadows of the ...

Trading Gold with PA

Last week price did break above 1600 and then this level worked well as support. There was only 1 good signal on the H4 chart. That is the number 5 candle. I wish that I had taken it, but was not around at the time. image

Trading Gold with PA

I posted this in another thread last weekend url Didn't seem to be much interest in my efforts to read the chart, hence I have started this thread so as not to clog up the other with my efforts at PA. That post is duplicated below. Well, short ...

Trading Gold with PA

One thing that is repeated over and over in forums regarding signal services and system vendors. "If they are so profitable, why do they need to sell anything? Why not just trade themselves?" I suppose that there may be a few genuine sellers out ...

Signal service skewing results: Is this normal?

Yes, I have heard of courts of law, I've also heard of precedent. If I were to post a chart consisting of red and green candles and then referred to the blue candle, you may probably think "What is the idiot talking about?!" And rightly so. When you ...

Price Action in Day Trading by Dadas

"Free your mind beyond definition, see things as they are." You say this and yet you immediately follow up with your own definition of what an engulfing candle is "For me, any Candle that covers the previous one completely, meaning the body covers ...

Price Action in Day Trading by Dadas

Dadas, when you refer to an "engulfing candle" it is really important that you know what an engulfing candle is. An engulfing candle is a candle with a higher high and a lower low than the previous candle. You talk about an engulfing candle on the ...

Price Action in Day Trading by Dadas

Pointing at candles does not explain anything. There has to be a reason for opening a position. So far you have not talked about PA, well maybe you have, but you keep editing previous posts so who knows? There has been no substance at all in your ...

Price Action in Day Trading by Dadas

What I see on your chart is a zone that you seem to apply some importance to. There have been many breakouts above and below this zone. You label a candle as an engulfing candle that clearly was not an engulfing candle. Your chart explains nothing, ...

Price Action in Day Trading by Dadas

And your reason for instigating a long on GBPUSD M5 are?

Price Action in Day Trading by Dadas

Do you mind explaining where and why you would decide to enter short?

Price Action in Day Trading by Dadas

What are you saying? Are you looking for longs or shorts?

Price Action in Day Trading by Dadas

Forex4worth, you claim to be a full time professional trader. Admittedly this method that you are promoting is nothing new, very basic and should take anyone very little time to learn, but do you really feel that you are qualified to come here and ...

The Price Action

I believe that it depends on one's interpretation of consolidation. Many consider that consolidation is simply a period of ranging and I am not saying they are wrong. The way that I interpret consolidation is that it is a period or zone where bulls ...

Price Action in Day Trading by Dadas

Danc, you seem to have missed the OP's post where he clearly stated that this thread was for H4 tf and higher.

The Price Action

I suggest that you post a chart so that everyone else can know what you are talking about. 3 am last Thursday means nothing because it depends what time zone you are in compared to others. It could be Wednesday morning or afternoon, sometime on ...

MACD Divergence on USD/JPY?

"breaked up by the resistance " I don't see this, so I assume that you have mistakenly typed the opposite of what you mean? Did you mean to say that "Price broke downwards, through support" ?

The Price Action

OP is not around anymore, but I guess that others are reading this thread. As far as I understand arbitrage is taking advantage of pricing differences between different brokers. Placing these 3 trades with the same broker will not work. As Craig has ...

Triangle Arbitrage