Would like to see an end to this consolidation taking place here. My Short term bias leads to the upside... at least indicators have had a chance to cool off after this insane rally taking place this last month. Watching open for direction... !

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Agreed. TA works as much as it doesn't... it's in the hands of a holder.

Is 90% of TA useless?

I certainly hope so. 1.40 is last weeks news... lets break it or leave it behind... I would like to actually get some long term trades in here but can't at the moment!

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Every single indicator has at least a 50% chance of being correct in any situation. With that information alone, you should be well on your way. If that doesn't get the gears turning... well, you have more studying to do. I am purely technical trade ...

Is 90% of TA useless?

I wonder how G20 is going...

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Maybe next week will be better. It took me the better part of a day to just pull 70 pips out of this beast yesterday. Even the 4 hour is starting to look like crap... hah

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PA looks like shit... i have had a little to much grey goose... going to call it a night ... Good luck all :=)

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I see.. and how do you know the size of the askers and bidders? Inside information?

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I'm not one of them!!... I'm still just in for the ride from 39 area.

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Hmm. May use this opportunity to go really long on gold...

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Good solid close to the 4 Hr candle... let's get some movement again here into the NY close.

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Time for a little pull back for a few... let my 15 min indi's cool off a bit... still *extremely* bearish though.

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lol...

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Lets Squeeeze um!

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All my indicators are screaming lookout below on 4H... Going to leave for the and day and see where we are at US close.

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Ahh.. I love when a 15 minute scalp crosses over into a 4H confirmation... Makes for a lot less trading and a hole lot more pipage.

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Dangit... my 4 hour chart indicator lines are, infact, touching at the close of 12:00. Not good enough to hold short position. A red candle after the next 4 hours confirms...

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Looks like we have a new low from the last 4 hour bar...

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Need price to drop another 40 pips or so my 4h confirmation signal can hit... and I can go do other stuff for the day... not sure it's going to make it by noon though.

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