Dislikedcannot understand what today's PA is about. someone please explain. fridays are turning to be buy the lows, sell the highs.Ignored
http://screencast.com/t/bmq2jmjlqsh
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
Dislikedcannot understand what today's PA is about. someone please explain. fridays are turning to be buy the lows, sell the highs.Ignored
Disliked{quote} bear bull battle or consolidation for longer term trend direction.Ignored
QuoteDisliked===========================
http://screencast.com/t/bmq2jmjlqsh
Disliked{quote} bad call.. candlestick patterns don't work out well for gold.. PA > all. next trade.Ignored
Disliked{quote} True... engulfing candles on Silver/Gold tend to fake out ... why is that? I only ask as I laughed when you said this as I have the same problem from time to time on lower timeframes...Ignored
Disliked{quote} I don't really know, didn't think before you asked, I just spotted it on the chart. it simply doesn't work out for more than a couple of candles. by that i mean, there's almost always a follow up on a shooting star or engulfing candle. one reason could be - the levels/zones are $3-10 in gold so it looks like engulfing, it also means that the move up is not as strong because there's a lot of selling which fits the long term bearish view. that's all i have at the moment, maybe you add more.Ignored
Disliked{quote} Im lost as to a reason why but your reason sounds interesting. I shall investigate this some moreIgnored