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MzansiObi Sep 20, 2019 9:37am | Post# 1161

{quote} Going above and beyond as always MzansiObi! Thanks. Will be looking forward to that PDF. Have some buy limit orders in for 1499.16 with SL at 1497.20. Missed the chance on the last M15 candle it seems.
Take it youre filled.....

Yeah that lack of a break and close lower means we will head back north for a bit....The neckline is yet to be broken....

Spirit4eva Sep 20, 2019 10:48am | Post# 1162

{quote} Going above and beyond as always MzansiObi! Thanks. Will be looking forward to that PDF. Have some buy limit orders in for 1499.16 with SL at 1497.20. Missed the chance on the last M15 candle it seems.
Whats your preference on how to take your profit?
i mean how do you exit??
do you use a fixed TP level?? or you use an indicator to know where you should exit??
as you know Market's recent fall @11:30 GMT gave roughly 45+ pips, if u were using a fixed Tp, you probably would have taken little compared to what the market was willing to give...

MzansiObi Sep 20, 2019 11:00am | Post# 1163

{quote} Whats your preference on how to take your profit? i mean how do you exit?? do you use a fixed TP level?? or you use an indicator to know where you should exit?? as you know Market's recent fall @11:30 GMT gave roughly 45+ pips, if u were using a fixed Tp, you probably would have taken little compared to what the market was willing to give...
Youre opening a new debate(I like it) regarding EA's and Indicators, my reality is this, the market is dynamic and they can often throw us ofcourse, if anything, use them as a guiding principle, i mean i know of a hedge fund that "disabled" their EA's ahead of the Fed announcements this week, so at the end of the day, it all becomes intuitive....How much profit are you happy with taking off of a trade and walking away....

Spirit4eva Sep 20, 2019 11:19am | Post# 1164

{quote} Youre opening a new debate(I like it) regarding EA's and Indicators, my reality is this, the market is dynamic and they can often throw us ofcourse, if anything, use them as a guiding principle, i mean i know of a hedge fund that "disabled" their EA's ahead of the Fed announcements this week, so at the end of the day, it all becomes intuitive....How much profit are you happy with taking off of a trade and walking away....
Yea! i like that."How much profit are you happy with taking off of a trade and walking away".....
it all depends on me after all.
as the market gives me what i expect, regards of what its capable of giving at that moment.
thanks mahn!!!!
just wanted to know if there is any thing better...

Spirit4eva Sep 20, 2019 11:20am | Post# 1165

{quote} Youre opening a new debate(I like it) regarding EA's and Indicators, my reality is this, the market is dynamic and they can often throw us ofcourse, if anything, use them as a guiding principle, i mean i know of a hedge fund that "disabled" their EA's ahead of the Fed announcements this week, so at the end of the day, it all becomes intuitive....How much profit are you happy with taking off of a trade and walking away....
Not a fan of EAs mahn!!!
lol

Spirit4eva Sep 20, 2019 2:45pm | Post# 1166

1 Attachment(s)
I guess the triangles pattern played out today..
the support/resistance levels where on point.eventually it broke
i hope you took your own share???
Click to Enlarge

Name: cross sec.PNG
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Spirit4eva Sep 20, 2019 2:53pm | Post# 1167

1 Attachment(s)
The breakouts were kinda massive
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Name: cross sec white.PNG
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Unitedgold Sep 20, 2019 6:52pm | Post# 1168

The Pentagon will deploy US forces to the Middle East on the heels of the Iranian attack on Saudi Arabian oil facilities

Unitedgold Sep 20, 2019 7:04pm | Post# 1169

{quote} Take it youre filled..... Yeah that lack of a break and close lower means we will head back north for a bit....The neckline is yet to be broken....
The Pentagon will deploy US forces to the Middle East on the heels of the Iranian attack on Saudi Arabian oil facilities
gold up

MzansiObi Sep 21, 2019 12:12am | Post# 1170

I guess the triangles pattern played out today.. the support/resistance levels where on point.eventually it broke i hope you took your own share??? {image}
Lol.the breakout to either side had to happen eventually....used the news as some.fuel....im not in long though...

FeliciaM Sep 21, 2019 2:09am | Post# 1171

{quote} The Pentagon will deploy US forces to the Middle East on the heels of the Iranian attack on Saudi Arabian oil facilities gold up
I managed to buy at 1500, if gap up, is that good? I have a take profit at 1521 level will it be filled?

MzansiObi Sep 21, 2019 4:02am | Post# 1172

{quote} Not a fan of EAs mahn!!! lol
I dont mind them, more so for back testing purposes, they can give a bit of info regarding the functionality or probability rate of a system or outlook....

MzansiObi Sep 21, 2019 4:17am | Post# 1173

21/09/19

Will wait for the open as there were some late night news events etc that made headlines that will affect how things open...


Here are my levels of interest for Monday and the week ahead.
Interms of the zones(H1,H4 and D1, will wait to see how we open up) Daily support remains intact as we have broken higher following days of hovering near the support handle before breaking that HnS high pattern we had in the past week.

Intra day levels (Monday 23/09/19)

Upside
1543.22
1530.1
1523.2
1517.89

Downside
1510.48
1503.25
1497.22
1491
1486.83


Weekly Numbers(23/09/19 - 27/09/19)

Upside
1561.66
1539.32
1527.14
1518.43

Downside
1505.56
1494.62
1490.56
1484.47
1472.74



My first point of reference will be to wait and see where the open/gap up is relative to these and then take it from there....


Wish you all a pleasant weekend. Im enjoying the rugby world cup, hopefully my home team will manage to get a W over the New Zealand.....

Mtht2019 Sep 21, 2019 1:43pm | Post# 1174

21/09/19 Will wait for the open as there were some late night news events etc that made headlines that will affect how things open... Here are my levels of interest for Monday and the week ahead. Interms of the zones(H1,H4 and D1, will wait to see how we open up) Daily support remains intact as we have broken higher following days of hovering near the support handle before breaking that HnS high pattern we had in the past week. Intra day levels (Monday 23/09/19) Upside 1543.22 1530.1 1523.2 1517.89 Downside 1510.48 1503.25 1497.22 1491 1486.83 Weekly...

Thanks....for your guidance.

GazFx Sep 22, 2019 2:56am | Post# 1175

1 Attachment(s)
Starting to feel good about the current set-up. The sell-stop is trailing.
Click to Enlarge

Name: XAUUSDDaily2.png
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MzansiObi Sep 22, 2019 4:15am | Post# 1176

Starting to feel good about the current set-up. The sell-stop is trailing. {image}
NIce bUd!!!

If there is a gap up, that buy stop will get filled, do you intend trailing your buy orders?

GazFx Sep 22, 2019 4:49am | Post# 1177

{quote} NIce bUd!!! If there is a gap up, that buy stop will get filled, do you intend trailing your buy orders?
Let's see what happens!! Just playing around with a protective hedge idea at the moment.

Spirit4eva Sep 22, 2019 3:14pm | Post# 1178

1 Attachment(s)
Did some analysis, and so far i see gap coming, even if it doesn't, then gold should be bullish for a while before finally resting at a support/resistance did this analysis in H4 where the unending bullish move on friday was as a result of a breakout of a symmetrical triangle that formed on H4 too.
Click to Enlarge

Name: gap gold.PNG
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MzansiObi Sep 22, 2019 3:41pm | Post# 1179

Did some analysis, and so far i see gap coming, even if it doesn't, then gold should be bullish for a while before finally resting at a support/resistance did this analysis in H4 where the unending bullish move on friday was as a result of a breakout of a symmetrical triangle that formed on H4 too. {image}
Nice bud, agreed with the bullish wave/movement...price breaking and closing above the 1509/10 handle exposes the next high at that 1525ish,
You asked about the intraday and weekly levels, add the weekly levels to your chart and and see what price does around them, i am still working on the pdf file,had hoped to have it finished by now......

Spirit4eva Sep 22, 2019 3:47pm | Post# 1180

{quote} Nice bud, agreed with the bullish wave/movement...price breaking and closing above the 1509/10 handle exposes the next high at that 1525ish, You asked about the intraday and weekly levels, add the weekly levels to your chart and and see what price does around them, i am still working on the pdf file,had hoped to have it finished by now......
Thanks mahn!! was already bout reminding you bout the pdf bro.....
so when i add the intra day levels on my chart, what do i do afterwards?? do i keep watching for what price does at those levels??
Thanks a ton boss!!


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