Honestly, I don't know! Just a few points to note: 1. On Daily, price bounced off a lower TL. If Daily closes on a bullish bar and my indicator confirms a change in direction, then yes, price may continue up. 2. On H1 time frame, I would like to see ...

Only Gold!

Dont think bears are quite done yet. Looks like a downward channel. Spike up from bottom of channel (also SR zone previously identified by Hollowhead (1123-1135: url ) and resistance at top of channel image

Only Gold!

Another view. Channel and EW image

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Don't normally like to leave trades overnight but with price ranging for the last couple of days, figured it might break over Asian session. 1st lot hit TP at 100pips. Second lot at BE. Now for deciding exit ... my charts don't go back beyond 2011 ...

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Sorry Griffinsoul. Just re-read my previous post and edited 'not' to "note"! Yes, your target of 1025 sits nicely with the next S&R zone above 970. Not to say that this zone will necessarily hold, but could be a possible consolidation or reversal.

Only Gold!

Also with reference to Skyhoks post #18309: ...while price wise 50% retracement of all time high is around 970.045. Expecting wave A of correction to drop slightly below that I still can't load up data before 2011 but I found this website with up to ...

Only Gold!

Good advice EM. Bagged a good profit this week. Have a tendency to overtrade so will need to make sure I only take A++ trades. Besides, after such a huge move with the FOMC news yesterday, today may be choppy?

Trading Made Simple

Hey, this is great. My chart history can only goes as far back as April 2011. image Saw the triangle formation and an ABCDE correction on weekly; saw a correction down (wave 2 on my chart) was due. It was the future forecast after completion of ...

Only Gold!

Yes, but only some. Was away at from computer working off Ipad. Saw the divergence and pullback candles and entered short. 200 EMA was a little of a worry but as it has been rejected a few times previously, took a calculated risk. Could not be at ...

Trading Made Simple

Ah the wonderful world of EW! I see a corrective triangular structure, forming a 3-3-3-3-3 pattern. Post 17877, 17962. All will become clear when the waves have completed!

Only Gold!

Looks like Wave 2 of Wave E is underway

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My two cents: According to my (very limited) understanding of Elliot Wave, we have a triangle with 5 3-wave substructures. ABCD has formed, with wave E still forming. image . Wave C is 78.6% of Wave A. So perhaps Wave E= 78.6% of Wave C (1345) ? ...

Only Gold!

I don't suppose you'd care to share this EA?

The similarity system

Yep. Deffinitely got the 1-2-3 direction wrong. This set up looks more promising. Stochs also in agreement. image

123PatternsV6 revisited

Saw a possible 1-2-3 forming on EJ at top of channel. Let's see where this goes today. image Well, that didn't work out very well. In hindsight I should not have taken the trade as the TDI was at the 50 level, still at an identified support zone ...

123PatternsV6 revisited

Hey FXAction, Don't go. Your contribution is very much appreciated. Ignore the trolls.

my system of 20 pips

I'm getting better with my entries. Still gotta work on my exits. Had TP at 1247 but chickened out when price retrace from previous high. Only got 110+ pips - but a profit is a profit , hey?! Was not confident enough to call the long - but will give ...

Only Gold!

📖thank you

Trading Made Simple

So how do you set up TDI on your iPad?☺️

Trading Made Simple

Sorry for the confusion. I am posting my Gold trade, I just can't trade spot on my platform, just gold future GC. Z4 is the expiry date. Will abstain in future.

Only Gold!