Remember i told u if price went thru monthly pivot and candle closed under monthly pivot i would go short. So this is how my trade turned out. My 1st profit target got hit.

Point pivot trend line and fibo system (Semafor included) 14 replies
Indicator fix...code included.. WHATS WRONG?!? 4 replies
An interesting read - Daily and 60 Min Strategy - Charts included 3 replies
DislikedFeb / OND... thought you guys might like this setup on gold futures...
http://www.forexfactory.com/showpost...4&postcount=64Ignored
DislikedHi all. feb this is a fantastic and truely enlightening thread.
I have taken 3 trades as per my understanding of what you are teaching us.
On the retrace of the third candle of the V formation (Mon 19th) I went long EA at 1.6438 same for EN at 1.9300 and GU (Tue 20th) at 2.0612. Currently up over 600 pips.
feb I would like to thank you for showing me the way. In the last year I have lost a lot of money in fx. I have now removed all the bs from my charts, and feel a lot better for it. If I have made a mistake in the above trades, please let me know.Thanks.Ignored
DislikedWelcome, friend OND. Your descriptions on your E/J trades and false break-out are great!
By the way, how do you deal with false break-outs? In your E/J trade, the S/L is more than 1%, I assume the leverage you used is less than 10 times?
Thank you very much.Ignored
DislikedFeb / OND... thought you guys might like this setup on gold futures...
http://www.forexfactory.com/showpost...4&postcount=64Ignored
Disliked
As for E/U - we really are sailing in uncharted waters now aren't we? I'm still not tempted to do anything as there is no value there right now. My best guess would be that a new base is built around 4770-4790 and that we see a retracement to that level before the next move shows itself.
Unfortunately I'm out on an excursion tomorrow and won't be taking my laptop. It'll be interesting to see what the picture looks like when I return home though.
I have a feeling that we're heading into a Thanksgiving snoozefest and I'll probably not be tempted by much until next week now.Ignored
DislikedJust back from a day away from my screen and thought I'd post some up to date charts with a few brief thoughts to keep the discussion going whilst all you Americans gear up for a turkey feast
First attachment is the weekly Cable chart and it demonstrates why I'm steering clear of going long this pair at present, despite the long established up trend.
It's a damn ugly candle for Cable bulls and the subsequent candles haven't made it look any prettier!Ignored
DislikedThere was some serious money to be made today with v-formations.
Look at gbp/jpy that almost gave 600 pips.
Usd/jpy gave 100something pips.
Aud/usd almost 100something pips.
Usd/cad almost 100 pips.
Hope everyone saw those signals and made good money todayIgnored