Would it not be safer to wait for a pullback then go long again? This looks to be an uptrend, and also if you check the daily and weekly charts, we have broken out from a triangle.

Sonic R. System

Yes, that is true, I closed out my positions, took 1 loss but the 2 winners covered it. I have now checked the charts again, it seems volume is higher at 1280 than it was at 1260, the low, so I am waiting to sell this now. Just waiting for a signal, ...

Sonic R. System

I see gold as bullish, is has closed above my trend line and fired off a 2 bar reversal basically right on the line with high volume, I have 3 buys going on this at the moment, 1 in profit, the other 2 very nearly. XAUUSD H1

Sonic R. System

XAUUSD Long added, I got into the trade a little late, but I can see this going up to maybe 1300, trade is very nearly in the money now. Little bit of rejection at the daily pivot, but all criteria has been met, volumes high at swing lows, swing ...

Sonic R. System

Hey, sorry, edited, I keep forgetting I am cropping the screenshot and the details are cut off. It is an M15 chart of NZDUSD. Thanks, Adam

Sonic R. System

Hey, I am kind of new to VSA, but I think I am getting the hang of things, would this chart be correct? Price has actually triple bottomed now, and there has been high volume each time price goes to the low point. Oh, i forgot to point out on the ...

Sonic R. System

Just opened a position on this, higher highs and higher volumes at swing lows, I also took a trade on EURUSD, this moved very similar to gold, at BE on both trades now, so risk free, lets see how things play out

Sonic R. System

EURUSD Long This is actually my first time using this system without any other form of confirmation (Stoch is for piece of mind haha) I took this trade based on higher volume at the swing low, volume at the lows is higher than at the peaks, so ...

Sonic R. System

I just woke up to a nice profit on this, closed out 1/4 of my position and stop move to BE, lets see how this plays out today

Sonic R. System

This is my analysis for tomorrow, I think gold will go up to about 1300-1307, where I will start to look for short trades, this is where the 38.23 fibo is at and also resistance. If it doesn't make it that far, then 1297 could be the place to short ...

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

True that, but a descending triangle in a downtrend sometimes results in a break to the downside.. which is what I am thinking will happen here.

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

Weekly triangle

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

So it looks like a good few of us are agreeing that going long around 1279-1280 is a good trade, what will you guys be targeting, I couldn't see anything really about 1305/6, MM will drop the sell orders there i think, we are in re-accumulation for ...

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

I am short, well just closed out and took profit, going to go long at 1282 if price reaches that area, my final TP will be 1305 as I think it will reverse around that area like I first thought. Lets see how it goes. Where did you enter long at?

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

Today has got to be the most boring day trading gold in a while lol, time to sell AUDUSD

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

That is the level I had in mind, but watching price action this morning, it seems more likely to go to the downside, it has rejected 1287-1290 4 times now, depending on what happens within the next 1 hour will determine if I want to be long and get ...

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

Looks something similar to what I am waiting for, a few pin bars are starting to show on the M5 already and price hasn't reached my marked zone yet, going to wait and see how this plays out.

Sonic R. System

Down I am thinking, there is resistance around 1285, I thought it would have broken higher and headed for 1300 before coming down, but it has already broken the low at 1285 so I see more downside than upside today.

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

Yeh, I will be taking profit the whole way down, going to add to positions at swing highs if PA allows me to. That area on the daily is a final TP which might not even get hit

Sonic R. System

I entered short on that trade too, after checking the daily, there is a nice looking pin bar, and the high has not been broke, so it is still valid, I took the trade on the M15 on the break of a low. 2 positions opened, I am going to target the area ...

Sonic R. System