This will conclude the play-by-play trading of gold for the morning NY session. Enjoy.

Coreg's EW+HP+D/W Range

How many pips of profit are you willing to risk to see if the trade will go further in your favor? Do you use TL as your trailing SL?

Coreg's EW+HP+D/W Range

If you are still in this trade...

Coreg's EW+HP+D/W Range

You can't lose on this trade. A trailing stop should be used.

Coreg's EW+HP+D/W Range

You need to know your setups, which trade you are taking, and why. You need to know where your stop is based on your risk tolerance. This is a business; a plan has to be in place to become successful. Don't expect windfalls profits trading on 5-15M ...

Coreg's EW+HP+D/W Range

It took bulls 4 to 6 days to push the price up during the previous three bullish swings. Today gold is in the third day of the current swing.

Coreg's EW+HP+D/W Range

For those who trade gold futures. image

Coreg's EW+HP+D/W Range

Bonus for those who are lurking in my thread. If GU drops below TL, the correction might be deeper. BPC stands for: breakout, pullback, continuation.

Coreg's EW+HP+D/W Range

Meathead, I wanted to see how a pseudo swing trader is doing on monthly and quarterly TFs using a $5 trailing stop. You should stay there and bestow your rural wisdom upon them.

Cable Update (GBPUSD)

Meathead, are you still holding your GU longs? How is your retirement account doing? image image

Cable Update (GBPUSD)

Bad unemployment #. Possible 4163 in play.

Coreg's EW+HP+D/W Range

GU almost came back to YH @1.3292. Enjoy.

Coreg's EW+HP+D/W Range

GU hit resistance zone overnight on the daily TF, reaching 161.8% WRE @1.3355. Now we wait for what NFP brings

Coreg's EW+HP+D/W Range

If GU stays above the WH at 1.3273, bulls could attempt to break through the resistance zone on the daily chart tomorrow.

Coreg's EW+HP+D/W Range

Not strong enough to hold the price.

Coreg's EW+HP+D/W Range

Anything is possible. image image

Coreg's EW+HP+D/W Range

navk, the pattern is the same. I only keep the futures trigger chart (3M) on my monitor and use it when the price gets into the xauusd zone.

Coreg's EW+HP+D/W Range

GU is in limbo. Up or down? Daily TF has strong resistance above YH.

Coreg's EW+HP+D/W Range

Nice bounce off the last support zone. 4080 is the completion of AB=cD. Maybe gold gets there. NY Open will be adjusted after 8 am.

Coreg's EW+HP+D/W Range