GabsonFX:
Back to +40pips, I added one more position. I can't remember the last time gold was this choppy, been a choppy market since I have been avoiding a trade. Been going back and forth +120 & -80

I will check again by today's close if I will leave it till next week.

GabsonFX:
I've been on this gold short since last week Wednesday, has been crazily ranging since, but still on the position; I hope today comes out bearish to determine what next.

GabsonFX:
I've been on this gold short since last week Wednesday, has been crazily ranging since, but still on the position; I hope today comes out bearish to determine what next.

VeeVeeMyLuv:
use range market based strategies nau...
Must u trade only in trending market?

VeeVeeMyLuv:
use range market based strategies nau...
Must u trade only in the trending market?

GabsonFX:
Just as I have hoped for, today is gonna end bearish though still in its range, my short continues and will check again by tomorrow's close. At this point, if a big reversal happens tomorrow, I have a buffer already.

Goodnight!

CopyJoe:


I have been avoiding GOLD for about 3 weeks now.

I need a big bearish daily candle close at that rejection area with a wick to the upside.

charly20:


While it signals a bullish undertone, the wedge could yet be expanded into becoming a "wider bearish channel". We'd never know till the market shows her hand. According to Mr. Gabson, I'd rather stay off and watch. I guess that's the difference between swinging and day trading .

karkinase:

The falling wedge breakout is playing out..a false shooting star on the 4hr TF and a bullish bar on the daily gives further credence to the upside.

djwalata:

This is largely what forex is all about, waiting patiently for a break out b4 d execution.
NOTE: most traders usually trade all candle formations like shooting star in d above chart which shouldn't b so because it didn't form on a major S/R . BULLISH all d way.

Feshizzy:


Abeg ooo,
Make e reach support before going into bullish,
E too early for me to dey experience lose

karkinase:

Exit ur sell..the volatility tomorrow go mad gan.

CopyJoe:


It messes with one's psychology.

Feshizzy:


Lol,
That's the problem with most traders,
If you have a strategy, try and stick with it no matter what,
How do you know if his strategy doesn't accommodate for ranging market?
Una go just open mouth waaaa,
And if them ask una to show doings, na instant silence.

karkinase:

The falling wedge breakout is playing out..a false shooting star on the 4hr TF and a bullish bar on the daily gives further credence to the upside.

karkinase:
My chart of the day with good technicals and fundamentals. GJ.
Break of trendline .entry: retest of trendline.
Tp: Redline

charly20:


She has shown her hand.... I will be watching for a good entry price



I looking at this pair too but only to sell at 154 area

Fabulouslouie:
Abeg how I go take connect my fxbook to my account... I don't have pc ooo

Is it possible

karkinase:

I don't see you making a good decision on that sell @ 154 area; that's a contrarian approach and you swimming against the tides. Five solid days of bull candles, tells you who's in charge. The weekly printed a massive pin bar rejection of support. My take thou.

karkinase:

I don't see you making a good decision on that sell @ 154 area; that's a contrarian approach and you swimming against the tides. Five solid days of bull candles, tells you who's in charge. The weekly printed a massive pin bar rejection of support. My take thou.

boom99:
This may sell in few minutes

charly20:


The bigger picture still has bears in charge... Look at price action since 2 months not 5 days ago.

Anyways this is not about who is right or wrong, I'm sure we could both profit from buying or selling but from my end I can't buy now because it looks a bit overpriced.

boom99:


Made up to 5pips.