Trading 101

GU is quite nice, respect the Level, It was low risk buy opportunity.
GU, and EU price already discounted strong usd. This 2 is very interesting for me now.

Possible, I am possible it will change your world.

Look at this chart, you know that they lose money.
When people started to counter the momentum without understanding the price structure, market context, i hate it, pivot traders when price come to their level they open trade with out any context analysis. They have big dd, some of them lose money only trading pivot. I have previously post all the prove, i know people still trade counter trend with pivot level. Some people just don't realize the fact.

To trade trend continuations you don't need indicator.
if you follow PA and Fundamentals you will have edge over others.

When Market is trending there is no better tools than EMA.
When Market is cycling there is no best way than trading Supply and demand or support and resistance.
When market is choppy, there is no best way than stop trading and observing what market is doing.

From fundamentals you will find market trend not from past price. Price move because of future expectations not because past price.

You have a system but you don't follow it There are few reason behind that, Let me explain from my experience.

1. You don't back test your system properly.
2. You think other people has better edge than you, Lack of confidence.
3. You risk too much in your system signal.
4. You don't understand the market, You don't understand the trading game, good enough.
5. Your emotions influence your trading decisions
6. Before adding or removing any part of your system you don't follow proper process.

EJ daily chart.

There are many ways to use trend line, action reaction line and median line is one of them.

62% traders buy EU, statistically we know Majority of them will lose money, It could be one of the small edge.

Brexit - watch for developments on trade related to Northern Ireland, Article 16 ahead - EU and UK tensions

8 November 2021, Monday.
Daily chart swing trading.


Gold shifted Median line Break out.
If it is fake out I will close the trade before sl hit. 1831 is Resistance

it is 4th time touching shifted median line. expecting this time it will break out.
Fundamentally gold should move up too.

I may lose this trade, I accept that. I am not fortune teller. So manage your risk.
Large stop doesn't mean Big % risk, I adjust my lot size according to TF and SL.

The current favour for gold is on the expectation of higher inflation ahead.
And central banks slow to respond, dithering with their 'transitory' ponderings (not all of 'em of course, thinking about the Fed, BoE, BoC, ECB)

Gold making a high early in the week so far

Hi SkyRocketFX

is it your account

Careful with this condition

Those who are interested to know about MFF challenge.
best of luck all.