Thread: All Majors and Gold

Rules

1- no swearing or fighting

2- no Advertising

3- Express your views, Article charts with Motives

just here to have my views and anyone welcome Provided you follow the rules

thanks,

g

Hi! Thank you for having me here. I've been position trading for many years but. . .well... that has not worked out too well lately. I'm considering trading intraday and that I have a question about a few phrases used.
What does it imply? E/m and m/e flows in the overnight hours in america?

Thank you again! I am hoping that I will get better at this!

Channel: The 4H gold chart indies a market that's been at a declining channel throughout October until it stopped around the 1700 emotional handle. Since that time, gold has been consolidating against the channel, and now (11/1) broke above the trendline resistance.

Breakout: The RSI broke above 60, showing that the bearish momentum is no more persistent as it was through October. Still price action to the upside isn't convincing. In reality it resembles a flag pattern, which if broken to the disadvantage introduces the bearish continuation scenario, with focus on clearing 1700. Below that, gold has got the 200-day SMA close 1650 in sight.

Upside targets: If there is further bullish correction against the October bear run below would be the progressively more competitive retracement targets: 38.2% retracement close 1735.60, 50% retracement close 1747.10, and 61.8% retracement in 1758.60. Within this scenario, the RSI must start to hold above 40 with focus on 70.

Good chart analysis on gold as well/
Tks for your own ribbon

http://www.fxtimes.com/technical-upd...ning-channels/

Originally Posted by ;

quote here is what im looking at today current gold 1159 using todays high at 1165 monthly chart image daily view lets see if bat and abcd is simply the beginning of this crab-1191? image

1191 done
123x next

Originally Posted by ;

hey gnomooney wanted to say thank u for the Suggestion and congrats on the new thread I Am Convinced It's Going to be a Powerful one

THANKS

come n post please

xau.usd sold 1715.80 tp 1708

- daily s1 1710
-my fad remains gray that's uptrend but now we're in abit of retracement to daily s1 and to my gray trendline

buy 1.2435 tp 1.2460

- mostly stochastic is at oversold plus a tiny retracement should occur

put a buy order at 1.0380 sl 1.0360 tp open

-motive is a small retracement for my blue and aqua trendline
-a rebound out of here is about 1.0380
- this really a little risky as stochastic is in overbought and retracement could opt for a very long fall

Originally Posted by ;

Hi! Thank you for having me. I've been place trading for many years however. . .well... that has not worked out too well lately. I am interested in trading intraday and I have a query about a few phrases used.
What does it mean? E/m and m/e flows in the overnight hours in the usa?

Thank you again! I hope I will get better at this before long!

Sorry dont understand what that jargon would be ...e/m or m/e

Congrate in your new forum. .

I see that you're utilizing stoch as among your tool to pick your entrance... I enjoy it coz im also using it.

Hope can learn from more...

best regards.