CADJPY, also high vol, but the result is lower prices, so i ll wait for a pullback ideally to a nice level to go short
still bullish on SWISS JPY, weekly 50% puuback, daily range, and at support, i ll be looking to buy on monday or tuesday to target that daily resistance and in case weekly uptrend resumes
and CADCHF, very interesting downwards possible scenario breakout, after months and months of consolidation
so. back to VSA since time is no issue
first trade
targeting that fib in a down trend, consolidation, buyers of the lows, fake break, divergence etc. let s see how it pans out.
daily downtren, but there s some nice pips to be made on that 4hr pullback to that fib, and there seeing how much vol comes in on the sell side
gold , a small scalp based on the 1hr reverse pattern with wide spread bar down, pin and bullish reaction, stop was 25 pips on 5m, took half at 50 pips, stop at BE, targeting 1660 if it s get there… to be seen. but whatever happens is risk free with some banked profit…
and another scalp since it s late friday but the price action looks great for mark up stile.
great day, 3 wins 1small loss on pound aussie cos i got in with a pending buy stop, so when i looked it was showing weakness while i was buying. price kicked me out and moved against me 3 pips to then keep going up. i need to stop trading if i ain t around cos buy or sell stops are crap… had i been there when it took me in the trade, i wouldn t have gotten in…oh well, and no moving stops either, rather take the loss then fall into that crappy habbit again…great week also!!!
bullish on gold vs usd and vs euro, signs of strenght in the background, looking for moves upwards next week unless something changes volume wise.
i tried helping u once, u was joking and telling me what to do…now have at it… u don t freaking listen, u think u know t all… and that s the result. u risk 2 much on shity setups instead on risking a bit more on 1 trade at a time with a high probability. if u have the positions open over the weekend and the gaps will be large, u can say goodbye to that small account…but it s better that way i guess cos u need to be humbled by the market in order to learn.
u have a shot of some pullbacks on both pairs, that ofc if the gaps aren t gonna take u out
i m mostly scalping during these high volatile markets, cos people are mixt regarding general direction for the pairs, there s not a clear consensus between smart money or instututions(whatever u call them). besides gold that was in a clear imbalance last week with the sellers in control.
gapped right into that 1hr fib that i had drew, 50 ema, channel support, hidden bullish divergence, high vol of the lows, targeting the gap and previous highs which is also tested resistence, and see from there(aknowledging the fact that i am buying into daily fib but looking from weekly down to the 1hr all looks bullish so far), plus risk is lower since the stops are way bigger due to increased volatility,
got stopped out, happens
What do we all think about XAG/USD
When is best to buy?
i wouldn t buy silver just yet. yes, found some support with some nice buyng of the lows, but as soon as it tried to break that AR, it got squashed back down with high volume, and cos of the result my conclusion is that there are still a lot of sellers.
i d watch for it to break out of that range on low volume, then see, if the volume increases dramatcally often times it s a fake break. anyways, better to sit on ur hands for now imho.
trades i took yesterday, reasoning on the chart, the second screenshot is EU.
sadly gold is out of the picture lately cos of the high spreads, low liquidity… guess it s limit…
good weak all things considered
i m good, thanks, i m trading every day, just not posting that much. if ur put down by the market is cos u don t have a plan, u don know what u expect the market to do to get u involved, u r all over the place. i m havin cofee, reviewing trades i took last week, preparing charts for the week ahead, levels etc…