That is correct, GOLD moves, really moves, that is why it is also dangerous. It often does such things like today. Takes all the SLs one way, then the other way. Trading GOLD, I think, requires inteligent headging instead of SL, but that is a ...

Trading Gold with PA

Look at what is going on now. The current H4 which was a long Bearish Candle is turning Bullish. There is still some time to Candle Close. image image

Trading Gold with PA

In other words: If I were trading the D1 chart in some longer term, I would not enter any Longs at where the price was on Sunday. I would not enter any Shorts here, either. Not yet. Though, I would be looking out for a good Short entry. If I were ...

Trading Gold with PA

Having the Sunday D1 Candle Closed, it is obvious that there is something "cooking". W have two Bearish Candles in a row, no new Highs, and a new Low. Thus, at least from DayTrading context, we should watch out for Short Entry. image

Trading Gold with PA

That, of course, was the M5 context. Context is the most important thing for what you want to trade. image My Resistance Zone from the H4 context shows Short on retrace to that Zone. Still, that does not mean there will not be Long in the Daily ...

Trading Gold with PA

Trends and contexts Someone has presented this motto: "Experienced trader seek to keep reasonable risk exposure, not chasing maximum profit." A very reasonable statement, indeed. However, who am I to tell the trader what is reasonble, and what is ...

Price Action in Day Trading by Dadas

I agree! But the trading style is up to the trader. Looking at the W1 chart we could expect GOLD to continue down. We should be looking for a Short as high as possible. image The price did go up from where my analisys suggested, and there was ca. ...

Trading Gold with PA

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Trading Gold with PA

GBPUSD m30 image GBPUSD m15 image

Price Action in Day Trading by Dadas

Everybody who wants to move on and learn something about GOLD, is invited to follow my opinions on Gumrai's new thread: Trading Gold with PA url

Price Action in Day Trading by Dadas

Still fine tuning the picture: image

Trading Gold with PA

Still another view seems to confirm the possible continuation of the Bullish trend. However, we must watch the price at the red dash line for possible trend reversal. For the moment, odds are still for Bulls, thus L at bottoms. image

Trading Gold with PA

image Bullish Candle 1 Price does not create a new Low. Price creates a new High. Price Close at higher than previous Close and High. Thus - Bulls. Bearish Candle 2 No new Low. No new High. Close inside the previous candle. Thus - still Bulls. ...

Trading Gold with PA

As far as last Thursday and Friday, this was the scenario for DT: image

Trading Gold with PA

My friend does not write English, he can read, but neither speak or write other than programming. This is a Momentum concept. The boxes are Candles, D1 candles, the D1 chart in background. This is PA with the Momentum concept. Thus, Fibo levels. The ...

Trading Gold with PA

Switching views, now H4 on completed W1, which is still the week 11-17 March: image The price has brokenout the resistance zone, and looks like a possible L entry. image I am not suggesting anything, just analising. PS. I am expecting GOLD to ...

Trading Gold with PA

image What is my outlook? That is a very general question. As you can see on the above view, the price has validated the Support Zone, and is now moving upwards towards the Monthly middle line, the red dash line. And, perhaps further up, towards ...

Trading Gold with PA

And another interpretation, this one is my friends, he uses his own ideas. image

Trading Gold with PA

Hi Gumrai, I am on board. GOLD is my favourite, have traded GOLD a lot, lost a lot, won a lot, too. You already know something about my method, but with GOLD there is more. I use AP, it really proves to work good with GOLD. Here, my outlook on GOLD: ...

Trading Gold with PA

Show your picture, how can I see your situation, when you do not post the image? I think I understand your problem. Did you read all of the thread, or not yet? Just some later I explain about the Zone Candle, which I use as background. A higher ...

Price Action in Day Trading by Dadas