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  • #7,541
  • May 5, 2023 2:46am May 5, 2023 2:46am
Quoting lucaswalliam
{quote} Thank you for your comments. I have used fibo before, but it's subjective nature made me give up. It's just a tool for trading analysis that anyone can use. It has advantages as well as disadvantages, it just works for your own trading.
in order to reduce subjectivity, when using fibo use the H4, D1 and W1 timeframes, and use standard tools to detect highs and lows, I use the standard zigzag indicator from default mt4. so far very accurate for detecting reversal points and initial trend confirmation.
Join My Signal On Telegram at @forextradingforlivingsignal
  • #7,542
  • May 5, 2023 2:54am May 5, 2023 2:54am
Quoting parveenverma
{quote}This it totally myth Dear...I am trading manually with 95% win percentage.Expert Advisors are also human made and while these were not available that time there also had so many successful traders there.Trade safe
i am mentioning only majarity of the traders, not experts like you
  • #7,543
  • Edited 3:15am May 5, 2023 3:01am | Edited 3:15am
Beware Bears....Possible reversal zone. Bulls can take control if level holds.Trade safe
  • #7,544
  • May 5, 2023 3:20am May 5, 2023 3:20am
Quoting parveenverma
Beware Bears....Possible reversal zone. Bulls can take control if level holds.Trade safe
if it breaks below 2033 it is likely to catch up to the 161.8% level to meet the 61.8 level on the daily, before going up again.
Join My Signal On Telegram at @forextradingforlivingsignal
  • #7,545
  • May 5, 2023 3:25am May 5, 2023 3:25am
Quoting animedia
{quote} if it breaks below 2033 it is likely to catch up to the 161.8% level to meet the 61.8 level on the daily, before going up again.
Yes u r right ....breakout of 2031 will be open the gate towards 2018-20 level possibly.Trade safe
  • #7,546
  • May 5, 2023 3:55am May 5, 2023 3:55am
Quoting animedia
{quote} in order to reduce subjectivity, when using fibo use the H4, D1 and W1 timeframes, and use standard tools to detect highs and lows, I use the standard zigzag indicator from default mt4. so far very accurate for detecting reversal points and initial trend confirmation.
Yes. A larger cycle may reduce subjectivity, but it remains. Subjectivity in the trading process definitely exists as well, it's just viewed from a different perspective.
Just follow the trend.
  • #7,547
  • May 5, 2023 6:05am May 5, 2023 6:05am
Waiting for another New high of gold if 2031holds..
Its all about Timing!!!
  • #7,548
  • May 5, 2023 6:54am May 5, 2023 6:54am
Quoting LitEU
{quote} its a one time paid trading software called A1trading, you can purchase it on their website A1trading.com....I use the software for fundamentals analysis, it tells me what big money is up to and retail sentiment, cot data, inflation report unemployment reports The COT data shows big money is long on GOLD and retail sentiment show's retail traders are bearish on GOLD and we all know retail traders tend to lose money almost all the time so just trade the opposite of what retail traders are doing and you'll be fine {image}
Hi LitEU,

What does your software say about the BIG PLAYERS position today on gold ? Are they still long ?
  • #7,549
  • May 5, 2023 7:27am May 5, 2023 7:27am
Test scalp. target 2044
We cut the winners short and let the losers run.
  • #7,550
  • May 5, 2023 7:38am May 5, 2023 7:38am
Really good numbers for USD. Expecting a drop below 2000
Janus Return Today: 195.1%
  • #7,551
  • May 5, 2023 7:51am May 5, 2023 7:51am
Quoting animedia
{quote} if it breaks below 2033 it is likely to catch up to the 161.8% level to meet the 61.8 level on the daily, before going up again.
the price has touched 61.8 fibo daily, will it bounce or continue to fall..
Join My Signal On Telegram at @forextradingforlivingsignal
  • #7,552
  • May 5, 2023 7:53am May 5, 2023 7:53am
Quoting animedia
{quote} the price has touched 61.8 fibo daily, will it bounce or continue to fall..

Follow the PRICE.
  • #7,553
  • May 5, 2023 7:57am May 5, 2023 7:57am
  •  Leebos
  • | Joined Aug 2012 | Status: I do not believe in a fate that fal | 75 Posts
Quoting animedia
{quote} the price has touched 61.8 fibo daily, will it bounce or continue to fall..
Or...maybe bounce this week, and fall next week.
The stage is being set
  • #7,554
  • May 5, 2023 7:58am May 5, 2023 7:58am
Buy gold dip
  • #7,555
  • May 5, 2023 8:17am May 5, 2023 8:17am
Quoting LitEU
Buy gold dip

If it survives 2008
  • #7,556
  • May 5, 2023 8:26am May 5, 2023 8:26am
Quoting Eren10
{quote} If it survives 2008

There is also support around 2004 apparently
  • #7,557
  • May 5, 2023 8:32am May 5, 2023 8:32am
Quoting Eren10
{quote} If it survives 2008
it will
  • #7,558
  • May 5, 2023 8:33am May 5, 2023 8:33am
don't rush to buy gold wait for confirmation, there are still 2 supports for gold tonight at 2000 psychological level and fibo strong support at 1992.
Join My Signal On Telegram at @forextradingforlivingsignal
  • #7,559
  • May 5, 2023 8:50am May 5, 2023 8:50am
Quoting animedia
don't rush to buy gold wait for confirmation, there are still 2 supports for gold tonight at 2000 psychological level and fibo strong support at 1992.
I was expected 2018 61.8% level of 4H TF but news pressure push it more down. Lets see ......waiting for the next confirmation.Trade safe
  • #7,560
  • May 5, 2023 8:51am May 5, 2023 8:51am
is there a gap at 1867 area.?
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