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GOLD behavior

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This topic contains 144 replies, has 16 voices, and was last updated by  N A 6 days, 8 hours ago.

Viewing 20 posts - 41 through 60 (of 145 total)
  • Author
    Posts
  • #68620

    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1118

    I get it,
    given that bulls are exhausted and can not reach upper channel line you
    probably open short position, and closing buy position which you opened
    in lower channel level.

    #68637

    moaied suhail
    Participant
    • Topics: 1
    • Replies: 362

    I didn’t open buy position dear Dragan !!!

    here is my plan for gold:
    https://charts.mql5.com/11/342/gold-d1-fxpro-financial-services.png

    hope it’s clear enough.

    #68643

    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1118

    Mo, I wrote that you would open short position not long

    #68651

    moaied suhail
    Participant
    • Topics: 1
    • Replies: 362

    yes I mine {short} at the (blue T/L) channel and the below/next to it the lower (oringe T/L) channel.

    something in my previous post is not clear and I would like to clear it, please Dragan tell me what it is, I need to be able to post in the future without misleading anyone.

    here is another try:
    https://charts.mql5.com/11/345/gold-d1-fxpro-financial-services.png

    does that help??

    #68658

    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1118

    I got you Mo. I understand how you trade in channel. It is for me important becuase I in similiar way trade above/below support/resistance line.
    I waiting strong setup, but if it not 100 score and formed in right place and in the right time (S/R line)I take it

    #68662

    Mlu M
    Spectator
    • Topics: 0
    • Replies: 1

    Well for the short trade, the monthly candle is shaping up to be an engulfing but it didn’t break the bollinger band.

    #68670

    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1118

    It is strong setup on monthly according to me.
    It is formed in ranging market. We have strong bearish movement before sideway moves.It is formed below valid resistance line .
    My first TP will be tick above broken resistance line

    #68671

    moaied suhail
    Participant
    • Topics: 1
    • Replies: 362

    I understand Dragan I am with you.

    Mlu I hope gold keeps going down, it’s good for the world economy to my knowledge.

    also good if we want to buy gold presents for our wifes hahahaha

    #68735

    moaied suhail
    Participant
    • Topics: 1
    • Replies: 362

    hi everyone:
    TP1 achieved with more than R:R 1:6 & will update as market devolab.
    https://charts.mql5.com/11/354/gold-d1-fxpro-financial-services-2.png

    good trading to all

    #68737

    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1118

    Congratulations Mo.
    You motivate us as always

    #68750

    TJ ‘
    Participant
    • Topics: 0
    • Replies: 83

    C O N G R A T U L A T I O N !

    Bravo Moaied, nice shot, all the hard work begin to pay off. You deserve it!
    All the best my friend. 😉

    #68756

    moaied suhail
    Participant
    • Topics: 1
    • Replies: 362

    thank you guys for your kind words.

    by applying live trades on charts with the elements needed (S/R zones, channels,fibo,SL & TP, and…) to hopefully be positive help in one way or another.

    #68759

    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1118

    It will be. You trading essentially support/resistance levels,breakout/bouncup

    #68763

    Jordi Pararols
    Participant
    • Topics: 0
    • Replies: 127

    I’m very happy for you, Moaied 🙂
    Luck comes along with hard work!

    Have a great weekend!!!!

    #68777

    moaied suhail
    Participant
    • Topics: 1
    • Replies: 362

    you too Jordi 🙂

    #68790

    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1118

    I agree with Jordi , you are lucky guy, because you have a good knowledge

    #68791

    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1118

    Weekly gold candle is closed below middle band, and according with monhtly
    engulfing pattern we can expect more bearish movement at least until middle band on monthly if breakout daily support line )

    #68808

    moaied suhail
    Participant
    • Topics: 1
    • Replies: 362

    yes Dragan you are right

    #68833

    moaied suhail
    Participant
    • Topics: 1
    • Replies: 362

    just a little note guys:

    I posted a topic in a form and I think one of two happened:
    https://www.luckscout.com/forums/topic/euraud-4h-expanding-wedge-pendulum-swing/#post-68785

    1- when the site changed to lucksocout, some of the forms needed subscribe again to not miss parts of it, so better check the forms you like to make sure for subscribtion.

    2- my post was to bad it didn’t even get negative replays hahahahahaha.

    to be fair Dragan was there. and no need for comments really, I am just having fun with you guys, and because I missed many posts before I found out about my subscription.

    #68891

    moaied suhail
    Participant
    • Topics: 1
    • Replies: 362

    gold analysis:
    the weekly gave us the answer, price closed under BMB by a strong candle targeting the first S/L, but going short is risky because of possible retest to the BMB; the retest may develop to other scenario’s & that’s why we say it’s tricky trading BMB.

    https://charts.mql5.com/11/367/gold-w1-fxpro-financial-services.png
    https://charts.mql5.com/11/367/gold-d1-fxpro-financial-services.png

    there are times it’s better to be out of the markets, and that why I ended my short position at that stage.

    please share you view guys if I missed something.

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