AU Daily gold DBX Index changed direction last night. This was one of the reasons I went long. Now AU is on fire!

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My trades since last night based on DBX Trading System are below. All trades are set to BE. EJ performs best so far.

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Very nice! AU is in consolidation which is hard to trade. The EWP would be helpful at this juncture.

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Please take a look at AU Daily DBX. Because of the convergence, you have to watch gold DBX which is diverging from MDB now.

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You did a good job. When UDB and MDB are diverging, exiting the trade is a better option. UJ and EJ trades are going well so far.

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AU M15, H1 and H4 DBX are all forming convergence patterns now. This foretells AU's next move.

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Using M15 DBX to time the entries does not mean that you have to watch it all the time. Watch H1 and H4 DBX instead.

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When a pair drops, watch UDB for any clues. When a pair surges, watch LDB for the signals.

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I think AU is moving in sync with EU now. You may use EU as a proxy of AU.

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AU M15 is likely forming wave b IMO. Current AU H1 LDB represent M15 corrective move. Look at H1 UDB. It it does not change direction, you may sit back and watch your TV....

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You may add other indicators to the charts if needed. When H1 has confirmed the setup, M15 may still make corrective moves. Place SL at the level you feel comfortable with just in case.

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Keep in mind, place M15, H1 and H4 DBX charts side by side on your MT4 platform for each pair you are watching. Then save the profiles. This will help you switch pairs in no time and have a better control of the trades.

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The timely exit means "don't leave the money on the table!"

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A good trade consists of three components which are right direction, timely entry, and timely exit. The first component is most critical. Gold DBX Index gives the right signal of the directions most of the time.

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No. Not really. It's one bar late but only a few pips.

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DBX is like a new car to you now but after driving a few days you will get a handle on it.

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I think we are on the same boat...

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AU H1 DBX has confirmed the setup. Notice that AU Daily DBX has changed but not confirmed.

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It depends on whether or not you are conservative. See the DBX trading setups for reference.

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To DBX users: Please look at UJ M15/H1 DBX. A potential setup is in the making.

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