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    • Derecho replied Jul 23, 2018

      7/23/2018 session4: gold and currencies retreated against dollar after the rally for two straight trading days. statistically Euro will be down for a little bit more today. hopefully will go below 1.1722 for Sep contract in UK session to avoid a ...

      Swing Trading on Gold and FX
    • Derecho replied Jul 23, 2018

      7/20/2018 session3 recap: the set of trade was very emotional last Friday. i refused to take profit, until the Euro short got hit by twitter post. then i carried the trades over the weekend and that was a super bad decision. however i must get over ...

      Swing Trading on Gold and FX
    • Derecho replied Jul 20, 2018

      two different approach of red box calculation. different range though they are on the same side. need to check the formulas and refine it during this weekend. Excel version, already reached lower bound: image chart version, eta 0400 est to touch ...

      Swing Trading on Gold and FX
    • Derecho replied Jul 20, 2018

      7/20/2018 session3: after an instant pullback, markets still expect a strong dollar in the short term. 1) affirmative and consistent rhythm of Fed Chair testimony. 2) uncertainty of U.K. and Brussels non deal preparation no good to both Sterling and ...

      Swing Trading on Gold and FX
    • Derecho replied Jul 19, 2018

      note that yield of both T-bond and Treasury Note are dropping, implied .DXY should go down. half of profit locked, will hold the rest half a little bit longer. image update: 1012 est 62% Fibonacci retracement reached, exit another 25%. image

      Swing Trading on Gold and FX
    • Derecho replied Jul 19, 2018

      7/19/2018 session3 recap: buy the dip, i am sorts of comfortable to buy the dip under this situation - no bad news on Euro. my logic: Yen is safe heaven. Sterling down because of fresh political uncertainty. Aussie and Kiwi down because of weak CN ...

      Swing Trading on Gold and FX
    • Derecho replied Jul 19, 2018

      7/19/2018 session3: it is clearly a down trend for Euro at the moment. short 1 lot to test water. 73% chance it will closed out of the red box. i would rather to see a rebound above 1.1733 (Sep 6E contract) as the volatility can bring better risk ...

      Swing Trading on Gold and FX
    • Derecho replied Jul 18, 2018

      Exit half position. respect the moving average. image update: break 50 moving average, heading to red box. image in the long run very likely to contact red box, and still has chance to end up above the box at close. image update2: 1229 est, in ...

      Swing Trading on Gold and FX
    • Derecho replied Jul 18, 2018

      UK CPI data is really bad, market expectations for an interest rate hike in August slip to 69%. Euro is dragged down a little bit. still keep the long. waiting for the Euro zone data on 0500 est. update: Euro zone CPI no good, but acceptable.

      Swing Trading on Gold and FX
    • Derecho replied Jul 18, 2018

      Hi ThreeHalf, For me it is difficult to trade Gold at the current price level - new high / new low does not fit my system well - I usually lost on these days. Because I am facing dilemma on both sides. image 1) I use Fibonacci levels, if I take ...

      Swing Trading on Gold and FX
    • Derecho replied Jul 18, 2018

      clear, almost risk free, slow and smooth move in the last 20 hours. no news of Euro for now. 0430 est UK CPI may give Sterling a boost, hopefully that will lift Euro too. and 0500 est Eruo zone CPI data may make it clear. then 1000 est Fed Chair ...

      Swing Trading on Gold and FX