Yes, MM is one of the keys to any successful trader, and once thats controlled then it comes down to method/strategy to determine the level of success. I suspect that FF often confuses people due to the varying different levels of complexity, views ...

Only Gold!

Hi M Its a fair enough point you have made, however, ideal signals are not always present to make a decision to take a trade. For me, the risk is reasonable to take it on at this moment when I consider other factors, a daily pb would just be icing ...

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Hi all, The pin bar developing on the h4 looks promising enough to me, Im now long, s/l 1130....I'll add to that if the daily can form into one as well

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Agreed, its difficult to take a trade on right now either long or short. I would only marginally favour long at the moment, but theres not enough pa to be certain of direction yet, so im still sitting out for now before commiting to a trade.

Only Gold!

Yeah good point about sleeping well Often the best trade is no trade!

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I trade what I see which includes various factors, and position size according to the t/f I'm studying which controls my risk for that trade of course. Generally, once sufficiently convinced, I trade it, the s/l deals with my risk, and I position ...

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I cant deny that I am tempted to try 1 more long attempt at the moment, the hourly chart is starting to develop for me, but I thought the same thing previously and that got chewed up. Forcing myself to sit on my hands now.....that powerful drop ...

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Hi CT You were right and I tip my hat to you as promised. I got stopped at 1190, now I am sitting things out. It'll be interesting tto see how the rest of today pans out and where price closes before I decide my next trade action. Any kind of daily ...

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Well Ive tentatively opened a small long postion ref verticle dotted line to test the waters, based upon my m30 chart attached. I'm targeting 1208 initially, sl 1190 image

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Lets see what happens in the next day or so.... if you are indeed correct and price blasts through 1180 as you are suggesting, then I'll take my hat off to you, I cant be fairer than that

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Hi M What does your comment mean.... tks

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Thats ok...time will tell soon enough I expect. But personally I wont be ignoring the strong likelihood that price will be respecting that 1180 level should it go down that far.

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You may end up right, but imo I think its more delusional to disregard the power that triple support offers as a trading opprtunity

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Hi all Some big calls going on today, with vastly differing opinions both short and long. Strongly suggests to me we are likely approaching a pivotal moment. Aside from anything else, the weekly chart has that triple bottom which is a huge support ...

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My h1 and h4 charts look good to go for long. Daily not so clear to me yet

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Good timing

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Thanks for that....It lookes pretty much like a channel breakout using volumn confirmation to my simple mind I must confess. If that is the essence of it and it works for you though then that is all that matters...good stuff

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Yep...fair comment, thanks for your view. Speaking of art and from an educational point of view, do you have a chart that represents graphically your perspective on gold at present, which CT encourages?

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Good thinking Ab, perhaps the hedge is the better option for you, although that can get messy. Either way, protecting further potential loss when in doubt, particularly in this very poised market condition we are currently experiencing is wise ...

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