Bears have started attacking ...let's see how it unfolds

Gold with thedaytrader

At one point it will end and reversal happens Technically it is already overbought but the tricky thing about this market is it can be overbought irrationally long enough until weak sellers are forced to liquidate their positions

Gold with thedaytrader

all right understood ...out of curiosity, what other stuffs does your EA do? What is your thought about fully automating "bounce point" strategy? I mean, there is indicator to determine the h4 fractals so why not let the EA place buy and sell limit ...

Gold with thedaytrader

all right ...let's call it a day then ...last thing I want to happen is I open another buy and suddenly price drop aggressively

Gold with thedaytrader

I want to call it a day ...but every time gold makes higher high, it makes me want to open another buy which is already risky at this point

Gold with thedaytrader

Hoping for one more up move and then I will wait for NY session

Gold with thedaytrader

If the cost of operating nuclear fusion reactor + mercury material, is cheaper than the resulting gold, gold price will drop

Gold with thedaytrader

I am holding long now but not sure about the target as we are pretty much in uncharted territory This is one thing that I need to improve my trading skill (to project target in uncharted territory) ...for now I rely on PA

Gold with thedaytrader

Thanks for the summary! Would you mind sharing your EA before you leave this thread forever?

Gold with thedaytrader

For me, on Friday Asian and London session are still OK to trade ...New York session is fifty fifty because PA can be very wild on Friday

Gold with thedaytrader

Closer to overlap is usually less sideway-ish but for this one somehow I cannot resist the temptation to buy now LOL Happy Friday!

Gold with thedaytrader

Executed long @3550 targeting at least yesterday Asian high

Gold with thedaytrader

They do it in such a way to make A+ setup present itself on the chart only to invalidate the setup once large enough retail traders enter positions I guess you are right that today is a no-trade day but unfortunately we only know it after we have ...

Gold with thedaytrader

PA is so dirty today A lot of small bears and bulls are killed, many are severely injured

Gold with thedaytrader

Given the day is still relatively early, the down move might still continue I might be wrong so it is also possible that the low of the day has been printed Having missed selling opportunity in this Asian session, I will wait for London PA to decide ...

Gold with thedaytrader

Looking forward to it as always

Gold with thedaytrader

Have you started buying again?

Gold (Fourrex edition)

Same as you I also like to trade around high impact news Before news I close all positions and once the news is released I will observe how price reacts to the data to decide whether to buy or sell

Gold with thedaytrader

Thank you! I am following your fundamental analysis closely! Yes ...good that we have high impact news tomorrow and the day after tomorrow Hopefully those news create high volatility as this is what we need to make money in this industry ...

Gold with thedaytrader

executed long @3555 based on news but it seems the up move momentum is not there ...watching PA closely and will close with small profit or break even if price does not break above 3565 shortly

Gold with thedaytrader