gold is less influenced by USDX than other trading instruments, and regardless of that, Price is Truth. Technicals win over fundamentals every time.

Gold with No Drama

hi ghbdr and all, I've got the Pivot Gauge_K on my chart (looking at HTFs during my weekend backtesting and chart analysis/observations), and there are so many levels displayed it's pretty busy and a little confusing... are there some levels/pivots ...

Dance of the wick

yep I can see that, and those retracements have the real power for the big price moves, the gumps, got it. thanks heaps

Dance of the wick

liquidity kicks in when Hong Kong & Beijing open in 30 minutes...

Gold with No Drama

The next part of my little experiment was to put fibos on each chart. The 50% level certainly works well.

Dance of the wick

hi ghbdr hope you're enjoying your well earned holidays. I've been closely watching the price reaction to those 50% fibo retracements. Very powerful stuff. For me, I'm not yet at the level to trade those HTFs and comfortably watch large drawdowns, ...

Dance of the wick

gold will do what it does. There is only one thing to trust - PRICE IS TRUTH. the charts tell you all you need to know. Read pure price action only.

Gold with No Drama

[quote=Molecule;15795605] Super frustrated. Just wanna know what you guys are seeing that I’m not.[/quote Price is in consolidation mode. Technicals always win over fundamentals. Try to ignore the news.

Gold with No Drama

so your personal homework and your chart notes results in you saying price could go up or it could go down...

Gold with No Drama

many thanks ghbdr this will be very handy

Dance of the wick

hi ghbdr I'm watching your videos and learning lots from them. The way you use the horizontal lines is illuminating too. Sheds light on how you see support & resistance, and the important wicks, etc... I really like the fact that the lines you use ...

Dance of the wick

ahh thanks kleybenny, I see it now in the pdf. Sorry to trouble you all with that.

Dance of the wick

hi ghbdr on your EA Trade Manager V10, what does the DTP button mean? I've not tried it yet in case it did something horrible to my trades great EA, thanks again, risk management becomes easier and faster using it.

Dance of the wick

GBPUSD H1 HIGH OPEN

Highest Open / Lowest Open Trade

[quote=ghbdr;15773072] hi ghbdr, would you consider that last short as a continuation entry? lower low and all that?

Dance of the wick

what is it with 4330?? price is stuck there, oscillating around that level. Unless it breaks out significantly either way I'm not touching it. might have to wait for FOMC.

Dance of the wick

hi ghbdr The new version of your trade manager is great. For me, I've made a small adjustment to the Break Even Offset, making it 30.0 pips instead of the default 20.0 pips. I found that when price was reversing fast back towards my entries, ...

Dance of the wick

yes we are there now, and yes there is action

Dance of the wick

The continuation continues...

sjmr2

The continuation continues...

Dance of the wick