when everything else is all over the place gold saves the day
what s that, grid trading? from the daily point of view i d be bearish on gold, however from an intraday stand i wouln t sell gold today as i saw some heavy buying yesterday of the lows, untill that will change i m bullish from a ranging type of view also( selling off the highs and buying off the lows with vol increase in both cases). ofc i could be wrong, but i follow the volume as it keeps me away from scarce volatility or major balance in the market.anyways, that s what i m seeing, and to me so far that looks like a reaccumulation, so i d expect atleast a move up to that 50 fib and see how much selling pressure comes in there. cheers
another gold trade, actually only gold trades today since high impact news on CAD and most of pound pairs are at resist, something in the bank, stop at BE since we have EXISTING HOME SALES usd news in 30m.idk, but gold chart says only longs in play so far, i was waiting for the fake down seeing buying comin in and the vol increase in today s fib, bullish react, AR break etc. Low vol at previous highs would suggest that it might push thro that, but we ll see(i m looking at 15m chart cos that lvl seems to coincide with yesterday s AR on 15m after strenght. great day so far 
update shakeout just now, test of AR on high vol, rejection bull reaction, adding more fuel to the fire and beliefs.
My gosh, this market is actually an ATM.
i ve 3 trades in january that i ve lost so far, 2 for not waiting for AR to break and another 1 where vol wasn t of the lows on 5m even tho on 1hr was showing high vol from lowest point, but i guess was a mix, and should only go for those that coincide on both tmfs. sarcasm aside, really close to an atm
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wasn t home almost all morning to trade and still i got 2 nice trades, banked half and i think i ll move stop to BE and let it run a few more hrs. damn even on fridays nice clear cut entries. what u was saying bout ATM?
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good old GOLD, daily fib, 1hr fib, weakness, smaller fib, no demand drop, ofc i went on AR break and test on low vol, 18 pips DD but there was no strenght, 60 pips drop, done for today
pound chf, overshoot of daily fib, wide spread down, bullish react (strenght) no supply confirmed with a bull engulfing. took half and stop at BE.
cheers
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I am beginning to know all this financial sector, it is important to analyze very well, it is really a very interesting market
Hello Ladies and Gentlemen.
I hope life and trading has been treating you well.
Boo yaa.
Anyone still actively trading this method? Or did they all quit? Or get so rich they cant be arsed posting on babypips…lol
Watching and waiting for a retracement on E/U.
MAYBE A BOUNCE OFF 618 FIB.
MIGHT COME BACK TO THIS ZONE
Nice bit of volume coming in on the lows.
Maybe come back to 618 fib and see what happens there.
eur/usd up in the fibzones.
Watched a few of your videos and they look great. Thanks for sharing.
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