4 Hour Strategy (MACD)

Yes I am on this one.

gold round bottom with daily trend and good room upside to go

Sorry guys my first losing week in ages with a -5.5% loss on the account. Chasing trades and choppy markets I suspect. I was up +5.5% by end of play Tuesday and blew the lot and some more in the 2nd part of the week. I will revisit the training notes again ready for next week.

As it has been advised, it’s better to have less pairs to make trades with - in that case, less is more. Choose one and practice it until you are ready to enter the trade with finest precision and start gaining pips for break even. Learned it the hard way

hi people
my last two weeks reports are below


not very amazing result
but today I closed some trades and I post the most beautiful below
gbpaud h1 chart and add positions in m15 and one you see its already closed before screen shot with more then 100 pips

gbpnzd same like gbpaud

I want to focus on winings charts now to see what they have common and then redo this every time I see same elements

Well done boss, seems like you are making good progress with the macd system and doing better than me these last 2 weeks.

short gbpjpy h4 round top

I am going to wait and see what the 21 EMA does

gbpjpy short on HL pattern, previous trade was in lose.

Hi my friend,

I don't think gbpjpy is a great sell at the moment because on the daily chart there is no clear lower low and the markets are awaiting Donald Trump's response to China over the recent national security law that they passed that limited Human Rights activists freedoms in Hong Kong. If he decides to sanction China it would create uncertainty and panic in the market which would make Yen to be strong and it wold push gbp which is weak due to the Bank of England constantly repeating that they would lower interest rates even if it meant into negative territory or he could just ignore them due to the current covid-19 tragic and grim devastation to the global economy which would see gbp some how continue with its strength.
Hope that helps and blessings. I would have preferred eurusd since yesterday not now and also eurgbp since today but not now due to the prevailing Trump response.

my week result 270 pips

sold gbpaud in h4

UC trade on the H1. TC and 21 rejection +100

weird market this week

sell euraud n h4

well done forexdg. I am on that one as well. managed to get on the H1

stopped out for +53

Bit late with this one, Should have gone in at the yellow price arrow after the 21 close over. Trade now at BE tho.

Still going
trailing stop hit +64 pips

Gold: June 09 review (Today's second call)

Fundamental News:

Gold/Silver ratio was traded wide indicated that means Gold's relative value is going up and Silver's value is going down.

And it also helps that Gold prices was pushed higher today because of global recovery fears of Coronavirus pandemic situations across the globe in last three+ months.

All profits washed out and prices was traded $1729.00 range(above 20SMA) today at morning US hours after made a $1672.00 range on last Friday.

By 1030 AM ET, Gold futures, August contract traded $1729.00 range, up +1.41%.

Investors sold hedge funds like Gold and Silver at every high levels in last few days because of some hopes of economy recovery.

In last many days, Gold August futures, was traded between $1666.20 and $1788.80 range.

On the opposite side, US Dollar Index futures, June 20 contract traded $96.370 range, down -0.25%.

Traders will also keep an eye for this week's US Federal reserve's two day policy meeting which clues on further stimulus measures and policy rates.

As on last Friday's surprising unemployment decision, also given some hopes of this Covid-19 situations will over soon.

Expectations of Gold prices will going down to more than -2% in this week from current levels.

Technical News:

Above $1729.00 range, we will expect $3-5 up trend. but near term R1 $1761.00 range(last week high) and on the reverse side, prices below $1697.65(today's low) this level, wait near term support level which is $1680.70(weekly low) and but major support level is 1666.20(21 April's low).

For intraday and STBT strategy for Gold is given below:

Entry point - $1729.00 - $1734.50 range

and keep R1 $1761.00(Last week's high)
and wait S1 $1697.65(today's low)
and wait S2 $1680.70(weekly low)
and wait S3 $1666.20(Major support level)

Near term/STBT review - Down trend in Gold.

Disclaimer-Trading in gold and silver markets are subject to market risks. We doesn’t bear any responsibility for any trading losses.