A 1 pip gain is better than a 1 pip loss.
Eat The Market System 221 replies
Eat the market revisited journal 0 replies
Do market makers eat lunch? 11 replies
DislikedBeen a while since I had time to do my own weekend analysis. Gold daily is first up. Currently, the 4th time at 50 fib level @ 1286.995. Failure to break will likely bring us to 1311.8 again, and maybe 1342.5. If we break, we go lower to 1262.189. Weekly looks like it wants to go lower with a pinbar last week and a bearish bar this week. If we break 1278, we will head down to 1241.272. (based on a medium term outlook of around 2 months) On the other hand if it goes higher, we can get to 38.2 @ 1415. Monthly shows pinbar last month after a bearish...Ignored
Disliked{quote} I have gone full Bearish on Gold and closed all my Silver longs. Looking for 126x. Possible bearish divergence. Not confirmed by PA.Ignored
DislikedSadly I am unable to look at my charts often otherwise I would have caught that doji last week. Nonetheless, I expect a bearish continuation here. TP 0.852 (23.6 of Monthly) {image}Ignored
DislikedThis is also a set up that is based on rising triangles. Rising triangles tend to be a reversal and would normally reach back down to its lowest level. {image}Ignored