Price Action That Matters

Thank you mate. Will take a close look :slight_smile:

Have a great weekend!

P/S: was that your voice? Sounded authoritative :18:

LOL authoritative isnā€™t how I would describe it moreā€¦ Irish ā€œGā€ :wink:

hahaha .

GBPCHF Reversal IB from neckline of double bottom.

I would be targeting 1.472 as my final TP.

  1. On Neckline
  2. Rejecting 20 MA
  3. with short term trend
  4. Price flip zone

Enter on a break of the mother candle (Red candle)

Lol, yes, my voice, I didnā€™t listen to it, cos I donā€™t like the sound of my own voice hahaha.

Prob should have put a ā€œStrong Languageā€ warning also lolol

Word of warning on UJ.

This is a quite a sign of weakness when something like this appears at a high. It is showing that there are loads of sellers still around the area, buyers where able to push price back up again, so it might continue up another small bit, but I wouldnā€™t chance buying it.

Here is another video btw, please donā€™t take it as a trading call, I am still waiting to enter all the setups mentioned in it apart from gold, which I am in a buy and at BE now.

ScreenFlow12 - YouTube

Another winning trade that I got stopped out at BE. AUDUSD H4. Next entry Iā€™ll try let it run without moving to BE.


Yeah you need to come with a parental guidance warning on your intro lol

Just the language of a farmer about this part of the country haha.

Might have to restrict the next video to 18+ haha

Hopefully it doesnā€™t offend anyone :confused:

XauUsd Monthly Chart
Your not worried about the low volume run up and monthly pin.


Nope, I have already taken profit and am at BE now.

Waiting to see what next week brings. Time to chill out for the weekend.

[QUOTE=ā€œwestpest;614160ā€]XauUsd Monthly Chart Your not worried about the low volume run up and monthly pin. <img src=ā€œ301 Moved Permanentlyā€/>[/QUOTE]

I shorted gold through GLD ETF, great 2 bar reversal off of horizontal resistance at 130.60 and trend line resistance at 130.00. 2BR is 2x-3x larger than previous candles. Also longs are close to record highs at around 85%, which means the long squeeze should be pretty epic and cause a swift fall.

2BR is on weekly candle

Im with you krugman.




How about This:64:


Hahaha! That is the face of most gold perma-bulls right now.

Also wanted to throw in there, as a bonus there is a descending triangle forming, the pattern started forming on 4/26/13. with 2 bottoms already formed in the triangle, there is a high chance of it actually breaking out on the 3 attempt. Given the great risk reward, if price moves down aggressively I may hold my position for a breakout of the pattern, and then hold to 98.

Speculation is an account killer :stuck_out_tongue:

[QUOTE=ā€œadamjn;614191ā€]Speculation is an account killer :stuck_out_tongue: [/QUOTE]

Everything we do is speculation based !Lol. Question is if your speculation is founded in price action or not. For me, gold has a very nice and clear weekly price action setup.

Krugman,
Personally I like the gold as a long, it has fallen quite a bit in this week and a correction of a major trend lineā€¦
This is my analisys, I believe it has room to fall, some follow through but there is a shift of momentum and escalation of ukraine crisis could resume this metal up momentum:


CHART IMAGE BIGGER

What do you think?

MAs: 20 - 40 - 200 SMA
Stoch: 8,3,3

DISCLAIMER:
I just want to hear your opinion, do not seeking for confrontation, I love discussing trade set ups.

I think Gold has a large Mark Down coming up.
Just my personal opinion im short all the way.:59: