AudJpy, Looking to buy.
4hr timeframe

UsdChf, looking to sell.

4hr timeframe

EURGBP

At times, they come in twos..

It looks like a buy to sell.
The buy should come first.
Entry area, invalidation and target for the buy which should come soon.. All on the chart.

Then, the sell. Which should come later.

My Thoughts On Gold

On the long term, gold should continue it's bullish run by September.

But for this week, unless we see 1970, we would assume gold would be bearish this week reaching 18xx atleast.


Wait for it.

Tonyfx:


Bro, any day is a good day to trade as long as you get the right setup and karkinase is right. That setup is not worth trading for me.

What invalidates the setup in your opinion?

Just looking to learn

bodeskii:


What invalidates the setup in your opinion?

Just looking to learn

I've learnt that the best setups are always very obvious and from his analysis in picture 1, price formed a bullish pinbar just right on the retest of the previous swing high but in picture 2, you noticed that there is a support level just sitting on 79.59
Now I'm not saying its impossible for price to move up from that pinbar but I'd rather risk my money on a more dignifying setup that's why I said the setup is not worth trading for me. Hope you understand.

Tonyfx:


I've learnt that the best setups are always very obvious and from his analysis in picture 1, price formed a bullish pinbar just right on the retest of the previous swing high but in picture 2, you noticed that there is a support level just sitting on 79.59
Now I'm not saying its impossible for price to move up from that pinbar but I'd rather risk my money on a more dignifying setup that's why I said the setup is not worth trading for me. Hope you understand.

Kudos bro I still have many things to learn in dis forex

Bornfool:


Kudos bro I still have many things to learn in dis forex

Na small small na, that's why they say forex is a marathon and not a sprint

Tonyfx:


I've learnt that the best setups are always very obvious and from his analysis in picture 1, price formed a bullish pinbar just right on the retest of the previous swing high but in picture 2, you noticed that there is a support level just sitting on 79.59
Now I'm not saying its impossible for price to move up from that pinbar but I'd rather risk my money on a more dignifying setup that's why I said the setup is not worth trading for me. Hope you understand.

Are you saying you would prefer a buy signal at the 79.60 level?

If yes, why is that area a better buy zone than the level price is currently testing?

bodeskii:


Are you saying you would prefer a buy signal at the 79.60 level?

If yes, why is that area a better buy zone than the level price is currently testing?

U no sabi read?

GOLD

Too early to say.. .

A break of structure high, marked x, first, before price returns to the green line is a necessary prerequisite for the setup to be valid.

Have a great trading week.

Gasive:


U no sabi read?

Uncle Gasive don show

Gasive:


U no sabi read?

Lol.. u go ask question one day.. person go follow type this nonsense give you

bodeskii:


Lol.. u go ask question one day.. person go follow type this nonsense give you

Lolx, no mind me jare.

Oga Tonyfx, answer the question abeg, make dis guy no swear for me o.

bodeskii:


Are you saying you would prefer a buy signal at the 79.60 level?

If yes, why is that area a better buy zone than the level price is currently testing?

Oga both area's are good but as for me I like shooting with a sniper and not machine gun. Meaning if I should buy from that pinbar and the market decides to retrace lower and form a buy signal again at 79.60 then I've lost 1R and would need to risk another 1R at 79.60. So I personally prefer to sit on my hands and wait for the market to come down to the 79.60 zone so I know I will only risk 1R in total but if the market decides to go up from the present pinbar without me on board, that's also fine by me because I know that there are always going to be other setups that will meet my criteria.

Gasive:


Lolx, no mind me jare.

Oga Tonyfx, answer the question abeg, make dis guy no swear for me o.

Lolx nor worry he nor go swear for you.

Ok bodeskii, let me give you this example, if I should take you into a forest and give you a rifle containing just 5 bullets and tell you to hunt birds. You obviously won't shoot at any bird that flies past you, will you?. But rather will be taking your time to look for easy kill probably a bird that has perched and is even distracted that's what you would likely want to shoot. That's thesame way I trade, I like to look for easy/obvious setups (free money). But that requires extreme patience,discipline and courage.

Tonyfx:


Lolx nor worry he nor go swear for you.

Ok bodeskii, let me give you this example, if I should take you into a forest and give you a rifle containing just 5 bullets and tell you to hunt birds. You obviously won't shoot at any bird that flies past you, will you?. But rather will be taking your time to look for easy kill probably a bird that has perched and is even distracted that's what you would likely want to shoot. That's thesame way I trade, I like to look for easy/obvious setups (free money). But that requires extreme patience,discipline and courage.

Lolx... Well said.

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Buying gold 1934 sl 1928 tp 1980

Tonyfx:


Oga both area's are good but as for me I like shooting with a sniper and not machine gun. Meaning if I should buy from that pinbar and the market decides to retrace lower and form a buy signal again at 79.60 then I've lost 1R and would need to risk another 1R at 79.60. So I personally prefer to sit on my hands and wait for the market to come down to the 79.60 zone so I know I will only risk 1R in total but if the market decides to go up from the present pinbar without me on board, that's also fine by me because I know that there are always going to be other setups that will meet my criteria.

OK.. I get your point.. Thanks

Gasive:


Lolx, no mind me jare.

Oga Tonyfx, answer the question abeg, make dis guy no swear for me o.

I don carry ur matter go meet elders last night.. Lol

Them say mak i free you

Buying chfjpy 116.05 Sl 115.75 Tp 116.85

Lets wait for price to break that wedge to decide whether we are gonna go for long or short on Audchf. Price has been consolidating in that wedge for months. Key support is still 0.6542

Closing Gold buy with 120pips.
SELLING GOLD 1946 SL 1950 TP OPEN

saxy4c:
Buying gold 1934 sl 1928 tp 1980

I'd adjust SL to 1952 to be safe from spikes.

saxy4c:
Closing Gold buy with 120pips.
SELLING GOLD 1946 SL 1950 TP OPEN

CHFJPY

History, at times, foretell what is to come.

Entry more refined in the last picture.

Fxwarrior:
My Thoughts On Gold

On the long term, gold should continue it's bullish run by September.

But for this week, unless we see 1970, we would assume gold would be bearish this week reaching 18xx atleast.


Wait for it.you

What is happening to gold at the moment might well be seen as a correction for now.

For tomorrow or Wednesday, bearishness should be expected.


If it's tomorrow, once 1925 is broken strongly, 18xx should be expected.


Possible gold trade for tomorrow

Gold sellstop @ 1925
Stoploss @ 1930
Target 1835

Wait for it.

GBPJPY

Compression.

PJAMES1:
GOLD

Too early to say.. .

A break of structure high, marked x, first, before price returns to the green line is a necessary prerequisite for the setup to be valid.

XAUUSD

Validation

Remains a return to outlined entry area.

PJAMES1:
CHFJPY

History, at times, foretell what is to come.

Entry more refined in the last picture.

Bro do you enter with a valid double bottom on the lower timeframe?

60pips SL hit on this. Risky buying Gold 1945 SL 1942 TP open

saxy4c:
I'd adjust SL to 1952 to be safe from spikes.