I am short now... Looking at 140x area for TP..
SL hit..
SL hit..
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Disliked{quote} Zones for sure. It is really obeying the channel on 1H. I am trying to correlate some yen strengthens which seems not to work in golds favor. Aussie may play a factor as well. Shorted at 1422, looking for 23FIB, it may even test lower. There seems to be psychical demand, but we clearly seen the institutions and the paper are what drive prices. You nor I won't bring prices up. I think psychology will prevail. Not saying gold won't go up, but I think because "we" expect it to go up it will fight you along the way. {image}Ignored
Dislikedgood morning so, let's see what we have. london longed, ny seems like decided to short.Ignored
Dislikedas per existing home sales number, plus recent bullish retracement I have placed two long orders. in first case, forced to remember how to cut my losses until sl. in second case, got back first losses. now I guess we will enter 1H range. advice everyone to stay away for a while. just wait and see.Ignored
Dislikedalso, my dear fellows, why don't we discuss bearish side dynamics. in fx, xau related forums traders mostly discuss why price should go up from here, from there, from every drop, from every higher high etc. sinclair and traders like him are crying too much and don't even trying to understand, explain why really gold price has been dropped so much. they have only 1-2 arguments, such as qe, fed, bernanke, conspiracy, etc. but how about funds, central banks, major traders sentiments who are relocating their strategies against gold. just want to underline...Ignored
Disliked{quote} in fx, xau related forums traders mostly discuss why price should go up from here, from there, from every drop, from every higher high etc. the only answer for this Q is candlesticks for me and i try to post them always..Ignored
Dislikedgreat, as for me - tech. trader, candle sticks are map for trading too. but tech. + fundamental dynamics duo makes trader much stronger. {quote}Ignored