See why I ignored that candle and sold.
GU up 60pips
GCAD up 80pips
GN, GA, GCHF all cumulatively in about 400pips profits now. Still looking for 100pips on each then i go for a mad buy with 25% of the profits made on this call. Mad o!

ncpat:
The Candle setup on 4H on GBPUSD is scaring, for some traders that is buy but will monitor the call of the great Oracle.

EURCAD SELL 1.5520 TP 1.5185 SL 1.5610

PipMarshall:

CHFJPY.

Here appears something on a known friend.

The lines were adjusted in the 2nd chart..

If you don't understand my charts..

Most times.. Green means I watch those places closely for entries.. Typically discipline demands I wait for things to look like it at that area before making decisions. I make mistakes and jump at times.

Purple lines are destinations.

NOW!!

Stops at 111. 91

Selling USDJPY 104.80 SL 105.20 tp open.

PipMarshall:


It's the same chart from yesterday..
Price comes back to the green area repeatedly.

It keeps coming back.

Upper purple line.. Run away with the gains if it reaches there.

This is slow but it's going as anticipated.
Now..
It challenges that low..
If it removes it.. We should see lower prices.

saxy4c:
EURCAD SELL 1.5520 TP 1.5185 SL 1.5610

Been watching and waiting since.
The thing no gree come to my green line.

PipMarshall:


Been watching and waiting since.
The thing no gree come to my green line.

Quite solid range.
Will break out of the consolidation in either direction someday. Till then... zzzzzz

saxy4c:
See why I ignored that candle and sold.
GU up 60pips
GCAD up 80pips
GN, GA, GCHF all cumulatively in about 400pips profits now. Still looking for 100pips on each then i go for a mad buy with 25% of the profits made on this call. Mad o!

honestly you are right oh I still have a lot to learn, thank God I was on the fence.

@ Benquozenero I just saw this build-up on EJ. is it a valid build up?

cashvault:
@ Benquozenero I just saw this build-up on EJ. is it a valid build up?

You are very correct with your idea about the structure of interest, but you need to stick to the rules as eurjpy isn't part of the currency pair listed. Rather focus on what's happening in usdjpy.

Gold buy 1637 Tp 1655 Sl 1634.
I need to make back some Rs with this.

saxy4c:
Gold buy 1637 Tp 1655 Sl 1635.
I need to make back some Rs with this.

Err, chief...

It may continue down.
It's following my model for now.

Sl hit -1R

saxy4c:
Gold buy 1637 Tp 1655 Sl 1634.
I need to make back some Rs with this.

My brother. I've left Gold for now. Just didnt pay me today.

PipMarshall:


Err, chief...

It may continue down.
It's following my model for now.

Trade up 60pips.

saxy4c:
Selling USDJPY 104.80 SL 105.20 tp open.

PipMarshall:

Gold is stubborn.

It has one way to go.
And that's

DOWN.

A rare kind of chart from me.
Messy and with an indicator.

Me trying to look for more reasons for my bearish bias on gold.
I suck at trading gold btw.
But these are some of the reasons I can find.
Apart from that 1 hr setup.

3 black candles now.. Today's own will be black too.
Hanging man started the series.
Bearish divergence on the daily.
And the hanging man came at a diagonal resistance provided by the trendline.
There may be a lower trendline, maybe to form something like a channel.. Didn't check if that's possible.. That may be an area to look for buy signals. But I am not even interested in buying.

Monthly pin bar last month. And one more silly reason.. It will drop someday.

And I may be entirely wrong but that's why we are here.
To give our views and be corrected. To help each other see in a different perspective. Not necessarily to convince others to change their bias but giving them information they might not be looking at.

By the time you really get into this commodity, you'd be asking yourself if it's your own chart you're looking at as compared to the other pairs
Perfect plan to me, I'd see price reaction at 45 and 52 to see how I'm going to enter a sell with a 1000pips target. I'm just upset because I didnt follow my almost perfect plan to sell Gold yesterday. Anyways, we are still here.

PipMarshall:

A rare kind of chart from me.
Messy and with an indicator.

Gbpusd closed with 130pips tp. Other 3 pairs achieved 100pips target. 8R
Buying GBPJPY 134.40 SL 133.80 TP 135.50.

saxy4c:
Gbpusd sell@1.29400
Tp@1.28100
Sl@1.29800

Sell
Gbpaud
Gbpusd
Gbpnzd
Gbpcad
Sl 50 pips Tp 100 pips

PipMarshall:


Quite solid range.
Will break out of the consolidation in either direction someday. Till then... zzzzzz

Very risky and aggressive sell entry can be made NOW!!
Stops at 1.5565.

Much safer to wait for clear break in either direction.

I'm strongly behind you with this.

PipMarshall:


Very risky and aggressive sell entry can be made NOW!!
Stops at 1.5565.

Much safer to wait for clear break in either direction.

saxy4c:
By the time you really get into this commodity, you'd be asking yourself if it's your own chart you're looking at as compared to the other pairs
Perfect plan to me, I'd see price reaction at 45 and 52 to see how I'm going to enter a sell with a 1000pips target. I'm just upset because I didnt follow my almost perfect plan to sell Gold yesterday. Anyways, we are still here.

It moves.
That's the good thing about the instrument.
But it's dangerous.
And erratic.
Strange instrument.

I'm kinda highly certain of this one, Oil has to go up.
Usdcad sell 1.3780 sl 1.3830 tp1.3400.

Benqozenero:


You are very correct with your idea about the structure of interest, but you need to stick to the rules as eurjpy isn't part of the currency pair listed. Rather focus on what's happening in usdjpy.

.

Thanks for your reply. It seems to me that CADCHF structure has completed and waiting to break out to the up side. Whats your take on that?

saxy4c:
I'm kinda highly certain of this one, Oil has to go up.
Usdcad sell 1.3760 sl 1.3820 tp1.3400.

To close the gap at least right

That's why I'm on this UC and EC sell.

infofirst:


To close the gap at least right

infofirst:


To close the gap at least right

Boss were you able to do the rating as promised?

Benqozenero:


Boss were you able to do the rating as promised?

Am still reading it

Time to start looking for sells.. Eurgbp
And buys.... Gbpusd..

No need to rush.
If it's there.. Clear opportunities will show up.

cashvault:
.

Thanks for your reply. It seems to me that CADCHF structure has completed and waiting to break out to the up side. Whats your take on that?

There is no new valid structure on CadChf yet, always remember the wave-e must give a candle that breaks a-c TL before you start talking about taking the trade if Supposed stoploss is still intact.

infofirst:



Am still reading it

I have purchased it as well. I will rate it God willing as well.

PipMarshall:
Time to start looking for sells.. Eurgbp
And buys.... Gbpusd..

No need to rush.
If it's there.. Clear opportunities will show up.

It appears 0.9013 might show face. 0.867** gave way already at my end. Let's see if your expected level can stay too.

That gbpusd level I was concerned about actually came to disturb eurgbp.... Gu still need 1.26**/1.258***. I might be wrong.

Benqozenero:


There is no new valid structure on CadChf yet, always remember the wave-e must give a candle that breaks a-c TL before you start talking about taking the trade if Supposed stoploss is still intact.

Don't force/imagine the structure. It will definitely come to you. Just be patient with what's happening with usdjpy. Before Thursday ends it would likely happen there.