EURUSD seems to be trending. Take a look all position builders. Fridays 61.8 Daily Fib also is confluence with 1.29. I'd also be taking a look at 1.2850 on Monday for aggressive sells.

EURUSD

Monthly candle reads in order of preference for November: 1) GBPAUD - short 2) EURAUD - short 3) USDCAD - long 4) EURUSD - short 5) USDJPY - long These are the cleanest looking pairs in my eyes according to their monthly charts. I'm going to be ...

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This was a nice call Shomari. USDJPY looks very bullish and I unfortunately missed the best part of the ride. When also looking DX monthly chart, there is a nice double wick bottom forming over 80.0. I wonder if this is the market pricing in the ...

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I believe in only taking trades that are low risk. Low risk trades tend to yield a much greater reward. That is the opposite of what most traders believe, which is that more risk equals more reward. Risk:reward ratio can only be calculated at the ...

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

I'm not sure how any of my posts translated to that. Conversely, cashing in on winning positions because you think you "know" that a trend is about to stop because of a resistance level is just as disastrous in my opinion. We still agree on that ...

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

I don't know how you are able to be smarter than the market, but I guess continue to do what you're doing. I know I had described my Fib method before and it turned out that I was explaining it to you. url

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

I use candles and Fibonaccis in a way that requires no subjectivity. I don't know what is normal, but the beauty of technical analysis is always in its simplicity. More retrace = less power. Less retrace = more power. When I see an attractive ...

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

I see what you are seeing when I draw the Fibs from June lows to October highs, but they really don't seem like important levels. Fibs for me can only be used when analyzing the previous candle whether that be daily, weekly, or monthly. For instance ...

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

I don't have a futures chart available, only GLD, but 1775 is close to where the month opened so yes I agree we need to get there at least. That would mean the monthly candle closes as a inside-ish bar. Basically the candle can't finish red, and the ...

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

Computer problems are solved and now gold seems to be in a weird spot. The 61.8% retrace of last month ($167.30) was almost hit but bounced. I would have liked to see a stronger up day yesterday than what happened, but for now the monthly hindsight ...

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

Ok?

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

I also see a possible reversal pattern on gold. Fridays daily candle was a bearish outside day after Thursday's breakout of last months highs. Friday should have been another green day, but instead a bearish engulf happened. That is very worrisome. ...

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

All eyes on gold!

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

Watch the metals folks. They've been moving cleaner than FX and its been like that for the last month at least.

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One could argue that all instruments are manipulated...

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

Metals are just like any other instrument and don't needed to be traded in a special way. The best trading methods can seamlessly be applied to all asset classes because the best trading methods keep it simple.

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

I hope everyone wasn't scared by last weeks minor retracement and held their silver & gold. Now that the monthly candles are closed and look like more bullish action is coming. 1750 and the 38.2% retrace are in confluence so that would be the first ...

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

Got to wait 'till the end of the month and evaluate. Currently we are sitting at what would be the 38.2% retrace if the month closed now (33.85). I think this could get bought and monthly candle finishes closer to its highs.

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

Looks like a pretty valid pin bar, but monthly and weekly charts are looking pretty messy so I'm not sure if it will work. I'm watching GBPAUD. Monthly chart setting up for further bull action.

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Wanted to see it in theaters last weekend, but showtimes already stopped at local theaters after only a week or two! Thankfully DirecTV had it on demand already. Overall I was pretty disappointed even though it was watchable. I thought it would have ...

Trend Trading All Pairs