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Gold pivot/support rejection on H4??
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persistence and determination alone are omnipotent
Quoting Ll1979
Gold pivot/support rejection on H4?? {image}
Li cannot comment at the mo as I’m away from my system but will ASAP,D
I don't need to be good at the game, only good enough to beat my opponent,
Quoting Ll1979
Gold pivot/support rejection on H4?? {image}
Dec gold, still no sign of upturn.
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persistence and determination alone are omnipotent
Quoting Ll1979
Gold pivot/support rejection on H4?? {image}
Hello Li, late night tonight so not long in,excellent chart analysis bye the way, looks like Gold broke down a little today, looking at you chart I hope you took the short, I turned to the weekly for a little more insight, last time it broke out of the boundaries (2011) it came down with a thud, similar (ish) pattern emerging so as to whether it will repeat is anyone's guess, however, around that time it made some stellar moves before it's demise so are we going to see the same again, a sit on the fence view until developments appear, what's your weekly chart looking like Li, thanks for taking the time D
I don't need to be good at the game, only good enough to beat my opponent,
Quoting Ll1979
https://youtu.be/A5A-MHso-jE
Just as the UK is strengthening trade ties with the US and we're exiting Europe, makes you think, D
I don't need to be good at the game, only good enough to beat my opponent,
Quoting timingchain
{quote} Dec gold, still no sign of upturn. {image}
TC, Ditto with Li's post, it's trading way way above the 200 MA (moving average) on the weekly, one or the other will have to catch up, excellent post TC, D
I don't need to be good at the game, only good enough to beat my opponent,
Quoting detector
Opened a small short on EUR/USD 1.09398, looking for the continuation, any thoughts,D EDIT target 1.08997 possible close near to this tight stop EDIT if it goes in the desired direction and hits target, may well move stop to BE (break even) and run down to the weekly target with a good wind.
Hindsight's a wonderful thing, the short would have made had it been kept but closed early with a small profit, based around being in at an early open, thought it may have been sold down overnight, the London open session can change positions rapidly so closed with something other than a loss, D
I don't need to be good at the game, only good enough to beat my opponent,
Quoting detector
Opened small speculative long GBP/USD 1.22944 mental target, D
the decision to hold the GU payed off, looking after the event, closing on the spike was the right action, it did retest the high as I thought with a large wick on the hourly candle, then dropped away, a little bit of luck and a good wind, let's see if we can extend that same luck in our next trades, D
I don't need to be good at the game, only good enough to beat my opponent,
Quoting detector
{quote} Hello Li, late night tonight so not long in,excellent chart analysis bye the way, looks like Gold broke down a little today, looking at you chart I hope you took the short, I turned to the weekly for a little more insight, last time it broke out of the boundaries (2011) it came down with a thud, similar (ish) pattern emerging so as to whether it will repeat is anyone's guess, however, around that time it made some stellar moves before it's demise so are we going to see the same again, a sit on the fence view until developments appear, what's...
Didn't take any trade my analysis was wrong i thought gold was going for a reversal on H4 pivot/trendline rejection and candle formed a pinbar.

Gold got support weekly rsi but the chart might indicate a drop towards 1439 ish
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persistence and determination alone are omnipotent
Quoting Ll1979
{quote} Didn't take any trade my analysis was wrong i thought gold was going for a reversal on H4 pivot/trendline rejection and candle formed a pinbar. Gold got support weekly rsi but the chart might indicate a drop towards 1439 ish {image}
Oh I see, I was maybe looking in the wrong place when I checked my chart, can see the bounce on previous candles though, was indecisive on Gold as it was, looking more like a bull trap as it developed, may well have caught many offside.
The weekly developing as did WTI daily, bouncing off the RSI, WTI followed through today closing under, unless there's a mad dash to push it up, it's now not far off my predicted target I posted on the WTI thread, thanks for taking the time Li, as ever, D
I don't need to be good at the game, only good enough to beat my opponent,
Quoting timingchain
{quote} Dec gold, still no sign of upturn. {image}
More selling.
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Quoting timingchain
{quote} More selling. {image}
TC, other than some activity at the foot of the fall the best is a bounce as I can see, anyone in a position may well just be holding, for me it's a sit out, I am looking to re-enter the GBP/USD, to long, may not be the shrewdest move looking to the upside, 18 days until brexit, enough time to be in and out.

Speculative long, keeping the minimum lot size for any cliff faces that might develop, brexit on the horizon so volatility will be creeping in to an extra degree than normal, will expect the brokers to be sending out memo's
GBP/USD open now 1.22902
I don't need to be good at the game, only good enough to beat my opponent,
Don't forget, I can be wrong, anyone else in the GU, what's your thoughts, is it worthy of a comment, would love to hear, D
I don't need to be good at the game, only good enough to beat my opponent,
Quoting detector
Don't forget, I can be wrong, anyone else in the GU, what's your thoughts, is it worthy of a comment, would love to hear, D
many support areas @ H4 (including ma200) so i do see the opportunity.
persistence and determination alone are omnipotent
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persistence and determination alone are omnipotent
Trading in the PIT (Private Island Trading). Love it.

I took the day off today but will be joining in on the fun if you’ll have me.

Gold worries me but oil looks like there could be downside opportunity.
Quoting helgastrxd
Trading in the PIT (Private Island Trading). Love it. I took the day off today but will be joining in on the fun if you’ll have me. Gold worries me but oil looks like there could be downside opportunity.
Helgastrxd, love the approach, may well alter post 1 and certainly would love your interaction on the thread, make it yours by all means, hope the day brings all your expectations,D
I don't need to be good at the game, only good enough to beat my opponent,
Limited time today all, will be looking in, keep it all going guys, D
I don't need to be good at the game, only good enough to beat my opponent,
so are we talking the technical topic or news only?
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