Darkangels pips hunter

Both Gold and Silver should make a move north, but we never whats next in this market

Oil in a 123 bearish , going down , SL 72,55

GJ reaching resistance area

Oil still in play, as last 4hr not broken

GbpJpy in a bearish div, SL close above 152,57

I start selling GA based on daily

Gold in a tiny 123 bullish targeting 1814

Hello everyone,

Gold

Many believe that trading only needs to know predicting price direction, but in fact, you need little more than that to be a successful trader.

1.You need a good analysis to be able to predict the direction of the market .
2.You need a good strategy that can tell you where to enter, SL, and different targets level.
3.You need to follow good money management, that's a tricky one as some risk only 1% and others more, there is no really a certain way. You have to be aware of the risk you take. I know some traders who took more than the usual risk but on the other hand, they select their trades very very carefully.

4.Trade management: I saw many traders making the right call, a great one. Yet they end up losing money or with a little profit, why is that? simply because managing the trade requires certain skills. My friend X bought oil on 65 level this week as the price collapse and he did know that this one is a great opportunity. Price collapse after the OPEC announcement regarding the changes in oil production and that the news effect will not last long, yet he manages his trade so badly and did close his position quite early and that was very bad trade management.

5.Herd mentality: You have to understand how people in large groups behave in a predictable way, we must be able to read the crowd collective move and how does that affects the market. You can see clearly that when some certain pair get good news yet the price started falling as the crowd didn't like it.

6.Timing: You cant jump in trade any time or just because a good setup appears, your duty as a trader is to check the time fact, is it at the end of the LO session or start of NY session, and so on.

Thats a number of things you need to know in order to become a successful trader making enough profit and making living on it.

Good morning DA, im in on gold @ 1794.34 , thank you very much

im tp GBP CHF
tp GBP JPY

Silver 123bullish small one

EU on 123 bullish

Good day DA and everyone!!!
I got GJ tp and still sell GA and EA. I dont think Gold can move up, it seems drop hard today or tomorrow

UsdCad on 123 bearish

Hello Yumi,
For today Gold landing on 1794 support area and if that holds then we are heading to 1816 area. that's on 1hr.

In the bigger picture Gold meaning daily and that including tomorrow news, then the price could fall down to 1788 area (23fib of the last down move) or even deeper to 1750.
Our reference is 1750, as long as this level not break then we may see the price move towards 1850 area, sure there will be big move tomorrow here and there as everyone waiting for the news.

The market is now on hold, price between 1791-1820 area until the news release.

That's what I see right now, hope that helps.

Hai yumi, I’m in GA too as you do.. what’s your tp on it ? Mine is 1.862-1.860

Thank so much DA I see if Gold could pass 1796 then 1788 and will drop down to 1775. Better stay away the market and see the action. Good luck everyone

Yeah, tomorrow there are some Aud important data, so i hope it can pass 1.8650 and drop to 1.8600 or more.
May God bring us many green pips

GbpAud in a bearish divergence targeting south, be happy everyone.