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akim0895 Oct 12, 2019 9:31am | Post# 31921

ok since we are on the topic of TA patterns. ))) What do you see on DXY H4 price chart now? {image}
from h4 we might see some more drop for dxy
before continue to the upside
might be wrong too

asgcorp Oct 12, 2019 9:39am | Post# 31922

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H4 DX broke the rising wedge, which is a bear TA pattern.
It's going a lot lower, which makes sense - GU is going to hit 3000 next 15 days.
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akim0895 Oct 12, 2019 9:49am | Post# 31923

H4 DX broke the rising wedge, which is a bear TA pattern. It's going a lot lower, which makes sense - GU is going to hit 3000 next 15 days. {image}
for Gu that not impossible
or even more higher can go with good brexits news
but always need really extra carefull if bad can be fast drop too..
we can watch it yesterday
fast drop test 2415/20 from 2500 then fly higher

asgcorp Oct 12, 2019 9:54am | Post# 31924

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yeah man. Was a stop sweep. Too many retailers riding the wave. So they shook them out.
2500-2700 though was a very much technical move. posted this in advance in the other thread.
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asgcorp Oct 12, 2019 10:33am | Post# 31925

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xau usd H4. big move likely pending due to Brexit shenanigans later this month.
Possible bear trap near 1440-1450 and then a huge bull run into 1550//1575.

be careful and don't get caught on the wrong side.
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TonyHoney Oct 12, 2019 12:03pm | Post# 31926

everyday we learn more and more. The analysis can also be displayed using letter W and M

TonyHoney Oct 12, 2019 12:05pm | Post# 31927

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sample monthly GU using letter W
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TonyHoney Oct 12, 2019 12:08pm | Post# 31928

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akim0895 Oct 13, 2019 1:39am | Post# 31929

show what or how we can help others than criticism/criticize others traders trading style or methods
or improve own trading for more better than wasted time typing words to underestimated others traders..
the people we talk down their trades is making green pips more and more everyday..
but we still stucks or move backwards from what we’re doing without knowing that..can’t move foward from that kind of bad habits..
look to the mirror and thinks
better stop..!!!

Aussi Oct 13, 2019 2:03am | Post# 31930

show what or how we can help others than criticism/criticize others traders trading style or methods or improve own trading for more better than wasted time typing words to underestimated others traders.. the people we talk down their trades is making green pips more and more everyday.. but we still stucks or move backwards from what we’re doing without knowing that..can’t move forward from that kind of bad habits.. look to the mirror and thinks better stop..!!!
plenty of so called traders on forex factory work for brokers i am sure or have something to sell , so they come to threads where good trades give call,s and want to help so these people try to discredit the good trader i have experienced this all ready multiple times, i do call them out when i find them ,

Aussi Oct 13, 2019 2:04am | Post# 31931

xau usd H4. big move likely pending due to Brexit shenanigans later this month. Possible bear trap near 1440-1450 and then a huge bull run into 1550//1575. be careful and don't get caught on the wrong side. {image}
interesting chart mate so i will watch gold a bit more closely thank you

akim0895 Oct 13, 2019 3:18am | Post# 31932

{quote} plenty of so called traders on forex factory work for brokers i am sure or have something to sell , so they come to threads where good trades give call,s and want to help so these people try to discredit the good trader i have experienced this all ready multiple times, i do call them out when i find them ,
its true bud
they will keep attack which traders is trying to help others

DaPerk Oct 13, 2019 3:21am | Post# 31933

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XAUUSD H4
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Aussi Oct 13, 2019 3:23am | Post# 31934

{quote} its true bud they will keep attack which traders is trying to help others

its a shame they have to do what they do all because they get payed to do it they have no morals

asgcorp Oct 13, 2019 3:34am | Post# 31935

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XAUUSD H4 {image}
daily is bull flagging, just like the last time, maybe.

Also a note on COT data. Positioning is close to extremes (90%).
So this might indicate reversal of prior trend.

So it depends how you read the daily chart now. 2 outcomes, depending on your outlook.
risky for spot trading. nice for options traders via straddle setup.

PS: sorry about that. 2nd chart (tops) is actually weekly gold.
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asgcorp Oct 13, 2019 3:42am | Post# 31936

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extreme positioning is not good.
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DaPerk Oct 13, 2019 3:49am | Post# 31937

extreme positioning is not good. {image}
Yes, I see your point but note that the banks are in the profit taking phase, they still have the extereme longs and they will want to take profits on the top of the range. Now as the price is falling in the range the traders entering shorts and they will have their SL above swing highs. Which can provide the liquidity for the banksters to close their longs.

asgcorp Oct 13, 2019 3:52am | Post# 31938

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ok, good deal man, let's see what happens. If you don't mind, can you post this table for GBPUSD? Thank you!
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DaPerk Oct 13, 2019 3:56am | Post# 31939

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This is my possible scenario
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asgcorp Oct 13, 2019 3:59am | Post# 31940

Good analysis, DaPerk, thanks for posting this. How's your DAX journey going so far?


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