Fxwarrior:
XAUUSD

Buystop @ 1895
Stoploss @ 1890

Target 1915

Fxwarrior:
XAUUSD

Buystop @ 1895
Stoploss @ 1890

Target 1915

dennison4luv:
From what I am seeing on gold it's likely to sell down to 1850 from to Monday or before then

cdec01:


Oga boss.. I would like to tap from your knowledge,
Please can you give insights to why you don't trade UJ.

I want to reduce the number of pairs I focus on,
I am yet to select two between UJ, AU, GA, and EA.
Thanks I appreciate your efforts.

GabsonFX:
I abandoned GJ, GU, Gold, Oil till say Friday or Monday, Opened EU, GU, EA and still no trades to be taken until say Friday or Monday, so I opened US30 to play with am small, I found a trade showed up, so I longed it and now I'm enjoying some good pips from the US30 (I will share the chart soon).

Avoiding range is one of the best ways of making money....

djwalata:


I don't c gold buying at this time based on d chart below, unless there'll b a retracement from this minor support to 1900 before a major downward movement.

Eryyy92:
My main and only strategy is structure trading
Specifically when the market is ranging

GabsonFX:
Compare this GJ-D1 chart to yours, what I see on your chart is several swings between two levels and not a ranging market. I would enter many swings from your chart. Now, see the attached, this is GJ that ranged for a complete 12days; you don't want to trade in this type of market. I stay away from this pair for the 12days while I find other ones.

PS: Swing traders should not be IN during this 12days period; however, it may be good for day traders or scalpers who are on lower TFs....Again, avoiding ranging market is one of the best ways of making money.

Jospido000:

Boss, I think this is a choppy market, not ranging market

Jospido000:



Boss, I think this is a choppy market, not ranging market

GabsonFX:
I will call this one range or consolidation rather than choppy; choppy market is another one I 100% avoid trading, some pairs are known for that (especially the exotics), so I just don't trade them. I however believe that they can sometimes be interchangeable. I will find time to upload some choppy markets, but b4 then, let's get back to some basics: here are some definitions I found with their references cited.
Clue: Focus on the word swing in its definition

A choppy market is the market condition in which prices swing upward and downward either for a long period of time or short term. Prices move slowly or quickly, up or down, in small moves or big moves, but the rate does not make headway lower or higher. Usually, choppy conditions are linked with price ranges but can take place during trends too. (https://www.coinnewsspan.com/what-is-a-choppy-market-and-trending-market/)

A choppy market refers to a market condition where prices swing up and down considerably either in the short term or for an extended period of time. A choppy market is one where the price makes little overall progress up or down, but rather oscillates back and forth; sometimes swiftly (https://www.investopedia.com/terms/c/choppymarket.asp#:~:text=A%20choppy%20market%20refers%20to,trend%20is%20difficult%20to%20trade)

Eryyy92:
A choppy market is one without a definite support zone and resistance zone

Eryyy92:
A choppy market is one without a definite support zone and resistance zone

GabsonFX:
Breakouts are associated with ranging markets (as seen in the chart I uploaded, but may not with choppy markets. Spikes are more associated with choppy markets.

I agree with this

GabsonFX:
UJ is a perfect pair to trade, its swing is very smooth, less spikes or fainting; I stopped trading it only because I found out that its correlation with gold was very high in majority of my trades, seemed as if gold was always controlling it. So I just focus on gold and some others.

My advise on what two pairs to select from those 4: merge both your trading strategy and style to previous charts and backtest, see which one gives steady outcome and high chance, then select.

LAxYMAN:
Bosses in the house.
I usually have problem on what to do the one I open a chart. I usually find myself confused with no step or idea on how to start analyzing the market.
Pls any ideas on what to do first upon loading up a chart?

haryodehjia:


See the chart as ur grlfrnd then u will knw what to do

LAxYMAN:
Bosses in the house.
I usually have problem on what to do the one I open a chart. I usually find myself confused with no step or idea on how to start analyzing the market.
Pls any ideas on what to do first upon loading up a chart?

ogashman:
Just bought GU i pray nfp doesn't scatter things today

haryodehjia:

I don't think the buy will last as price broke out of the bear flag n trading below d trend support.. Looking for buy around 1.38750 if the support at 1.40340 do not hold.. NFP will determine my position though

haryodehjia:

I don't think the buy will last as price broke out of the bear flag n trading below d trend support.. Looking for buy around 1.38750 if the support at 1.40340 do not hold.. NFP will determine my position though

ogashman:


See as u make me lose 80 pips bros.......lesson learnt shaa....stick to ur gun