₦airaland Forum

Bullish Harmonic Pattern on Gold

To all those who jump from one trading system to another - It's better to learn one trading style a thousand times and master it than to learn a thousand trading styles once and master none.

US govt shuts down as budget deadline missed

http://www.news-republic.com/Web/ArticleWeb.aspx?regionid=3&articleid=13644942

US govt shuts down as budget deadline missed

http://www.news-republic.com/Web/ArticleWeb.aspx?regionid=3&articleid=13644942

manneger2: Pls what leverage should somebody with 100dollar use to make good profit

The leverage doesn't really determine profit,it only gives you access to credit so that you can virtually trade with more than your capital. Waht directly measures your profit/loss is the lot size you use.

youngmega: hello bro ..how do you manage to draw a trendlines because any time i want to draw my its always in a long line and not short just like the horizontal line and its making aq very long line ..instead of short just as its above ..like you did ..
secondly pls how do u manage to plot your chart patterns .. cos am having issues with it of recent .. pls i need your help
thirdly what are the open and close for each trading session in nigerian time ..

wil be happy if you reply early

1. Draw a trendline, highlight and right-click on it. Then click on trendline properties. Then click on parameters and uncheck the box labelled 'Ray'.
2. I draw pattern by joining short trendlines together. No matter the pattern you want.
3. The following is the analysis of the current market sessions worldwide and please note that Nigeria is GMT +1 while the sessions below are quoted in GMT. Just add 1hour to each time session to convert to Nigerian time.

Europe Frankfurt (Germany) opens 6am and closes 2pm
London (Great Britain) opens 7am closes 3pm
New York (United States) opens 12pm closes 8pm
Sydney (Austrailia) opens 10pm closes 6am
Tokyo (Japan) opens 11pm closes 7am

Those are the main market sessions.

Regards

Just be careful when entering a trade. Let the price (PA) and candle pattern guide you. No matter who is offering the signal/analysis. It is easy to enter a trade, managing it successfully and profitably is the main work. Take note.

Just be careful when entering a trade. Let the price (PA) and candle pattern guide you. No matter who is offering the signal/analysis. It is easy to enter a trade, managing it successfully and profitably is the main work. Take note.

EUR/USD

EUR/USD

Gold

Gold Long. The Upper TL of the channel might serve as support in case gold want to retest the channel, then one can load more long. This is just a guide, counter-check with your own trading strategy.

[quote author=20-20]Thanks bro...[/quote]You welcome.

This is just a guide. Trade it according to your own trading plan/strategy.

This is just a guide. Trade it according to your own trading plan/strategy.

femadesh: @planbforex, which harmonic pattern indicator do u knw dat is accurate kindly share d download link or upload here... tanx

Sorry, I dont have such indicator.

Will sell straight away at the completion of the emerging bearish pattern

Will sell straight away at the completion of the emerging bearish pattern

Tom29: hpope/u didt come to this thread to look for newbies to invest with u. just asking cos my heart isjtelling me dat now.

Nope, I don't need it.

Gold scalp outcome

Gold scalp result

Scalping Gold with trailing stop

Scalping Gold with trailing stop

Good morning traders. Hope we all enjoyed and profited from the gold analysis yesterday. Many more green pips to our pocket and bank account.

kwajay1: yes sir I undeestand you fully well. In this game, you win some and lose some.i will upload pic when I'm on pc later to show you we are heading south on gold.

Alright brother/sister.

kwajay1: guy, u may be grossly wrong. Gold is still going down on a long term. Expect it to hit 1208 in the nearer future immediately it breaks 1272. Gold and silver are really fetching me real money

Thanks for your observation. We look the same way and at the same thing but we see differently. I don't need to be right on just a single trade to be a successful trader. I only need to have a tangible reason for taking a trade. And again, I don't know your definition of long term on this trade. And if you have been following me sir, you will realize that I called for Gold short on 27th of last month which yielded pips for me and those who followed it while it lasted.
So, sir, I thank you for your observation once again but also note that one doesn't need to be right every time to make money in forex. You can as well like to show me some charts too. Peace.

kwajay1: guy, u may be grossly wrong. Gold is still going down on a long term. Expect it to hit 1208 in the nearer future immediately it breaks 1272. Gold and silver are really fetching me real money

Thanks for your observation. We look the same way and at the same thing but we see differently. I don't need to be right on just a single trade to be a successful trader. I only need to have a tangible reason for taking a trade. And again, I don't know your definition of long term on this trade. And if you have been following me sir, you will realize that I called for Gold short on 27th of last month which yielded pips for me and those who followed it while it lasted.
So, sir, I thank you for your observation once again but also note that one doesn't need to be right every time to make money in forex. You can as well like to show me some charts too. Peace.

Gold - Daily candle closed bearish as an inverted hammer. 4hr is showing an AB=CD reversal pattern expected to reverse at 161.8 at D and candle (PA) is showing rejection towards the 1272.09 support. There is also an MACD bullish divergence as shown in the chart. 1hr is currently trading below the 1305 resistance. With also a AB=CD reversal pattern. Your SL and TP depends on what you want to achieve with the trade and how long you want to hold it.

Gold - Daily candle closed bearish as an inverted hammer. 4hr is showing an AB=CD reversal pattern expected to reverse at 161.8 at D and candle (PA) is showing rejection towards the 1272.09 support. There is also an MACD bullish divergence as shown in the chart. 1hr is currently trading below the 1305 resistance. With also a AB=CD reversal pattern. Your SL and TP depends on what you want to achieve with the trade and how long you want to hold it.

emmantrop: pls planbforex, are u on skype? if yes, pls send me ur id to emmyonlinesystem@gmail.com
or add me with this id = emmantrop.
Thanks

Just added you.

There is more to profiting from the currency markets than just pattern identification. The other aspects like Trade Execution and Position Management are equally as important to maximize profit potential and to reduce risk exposure. In summary, it's not all identified pattern that will work out, what will make one last in the business lies in Trade Execution and Position Management.

There is more to profiting from the currency markets than just pattern identification. The other aspects like Trade Execution and Position Management are equally as important to maximize profit potential and to reduce risk exposure. In summary, it's not all identified pattern that will work out, what will make one last in the business lies in Trade Execution and Position Management.