bulls finally can't disguise their stuf anymore: 30M key-reversal with bullish engulfer next to it = strong complex bottom that might take some more time before we finally are taking off ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

bulls really trying to do their utter best to disguise their intentions: another 15M whishy whashy pierced candle enough to drive most people insane by now lol

XAU/USD & XAG/USD - Gold & Silver Traders Thread

taking undecisiveness to the extreme. Stealth buying by bulls here, or bulltrap? 5M quintiple bottom most likely scenario ... daytrading always some form of gambling

XAU/USD & XAG/USD - Gold & Silver Traders Thread

we need an hourly morning star to get us out of this foggy mess that is most likely a very complex bullish bottom ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

we had a pierced candle on the 15M, that's a rather whishy whashy signal in my book, need to see something better here, this is either complex bottom or more downside ... daytrading, keeps you kinda secondguessing yourself half of the times ... ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

true strong bottom intraday needs another signal on the 15M, another 13 minutes to get us back above 1285 would suffice question is however can this get us above 1294.5 USD ... but idd from a swinttrading point of view (my big position) this has ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

took another tiny stab at long at 1285.20 for a daytrade; this is more like I like to see it: 5M ib breakout, 5M morning star to the right, rollover with 15M ib breakout ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

stopped out on being too agressive and a bit impulsive in the end, it's the reason my bread and butter lies in swingtrading: more time to reflect and more an intellectual game as far as I am concerned ... back to the waiting game ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

and long 1285.10

XAU/USD & XAG/USD - Gold & Silver Traders Thread

morped into a 15M doji that could become part of a morning star if we see something nice on the 5M we'd get a low risk long

XAU/USD & XAG/USD - Gold & Silver Traders Thread

but nope: no roll over to the 15M chart and still pressure out there ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

for daytraders: watch the close of this 5M could be putting in a double bottom here ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

as far as my analysis goes for the coming week: 1294.5 usd is the critical point that some bulls might get really interested in to join the crowd ... since that would take us above the pinbar/doji ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

if you just look at it that way: it isn't ... the top of the doji needs to be taken out ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

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XAU/USD & XAG/USD - Gold & Silver Traders Thread

Maybe something of note for some people for real intraday trading I'd stick to the first 2 hours and a half of RTH since these are the most liquid and that's when European and US session overlap. And I occassionally do that stuff, but I am in no ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I personally look for a double confirmation: it has to show up in my 2H charts and then gets confirmed in my 8H chart somehow for swing trades (this is called 'the roll over' by some people) and is in fact the triple confirmation. In perfect ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I basically learned most of what I know by just looking at charts myself in the end. I'd advise anyone to especially study how charts look like at reversal points, that's how to get the most of it in the smallest amount of time, expect a few years ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

'hedging' is just a surrealistic game play you play with your own mind ... I'm sorry to say so but it clearly shows you are a novice ... you should just cut positions when they go against you ... it's exactly the same thing ...

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