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Here is a thought photo with fib--worth the punt to 23.6 area? Based on what the rsi -bmacd still up
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I have not traded this pair for years so unfamiliar with it but short term scalps may be upon us but long term looks interesting....Just my humble opinion
I usually study a pair for many weeks before placing a trade ...30 + years in this game has taught me to do your home work
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Aussie Battler
Not to bore everyone- went short based on rsi and bmacd however heiken lets call it HS for smooth says to stay in trade- this to me is always the interesting factor with 3 indicators to go in harmony, as it happened did ok
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Gold is my main trading interest but collected a few Pennies here.
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Aussie Battler
Quoting Ced74
I have not traded this pair for years so unfamiliar with it but short term scalps may be upon us but long term looks interesting....Just my humble opinion {image}
You see how interesting your comments are- i did my backside on gold a few years back- working out the say product to trade seems crucial to me- traded the Aussie spi over 20 years ago- pretty new internet trading then- made a heap then gave a fair bit back- i am getting to the thought just trade one currencies etc and totally learn the way it moves on certain pip boxes.. having said that Ced74 not sure of your photos what indicators you use..but to be honest you do not have to share that, just good to get your feedback
  • Post #46
  • Quote
  • Edited 3:06am Mar 29, 2023 2:48am | Edited 3:06am
As an exercise I have taken 3 sell trades here on usjpy....Should have entered a fraction earliar...Just for interest as I do not trade this pair.......Remember only fools rush in.
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Aussie Battler
Quoting darkmonk
{quote} You see how interesting your comments are- i did my backside on gold a few years back- working out the say product to trade seems crucial to me- traded the Aussie spi over 20 years ago- pretty new internet trading then- made a heap then gave a fair bit back- i am getting to the thought just trade one currencies etc and totally learn the way it moves on certain pip boxes.. having said that Ced74 not sure of your photos what indicators you use..but to be honest you do not have to share that, just good to get your feedback
Out of interest do you incorporate trading stops or wait for renko bars to change?
Quoting darkmonk
{quote} You see how interesting your comments are- i did my backside on gold a few years back- working out the say product to trade seems crucial to me- traded the Aussie spi over 20 years ago- pretty new internet trading then- made a heap then gave a fair bit back- i am getting to the thought just trade one currencies etc and totally learn the way it moves on certain pip boxes.. having said that Ced74 not sure of your photos what indicators you use..but to be honest you do not have to share that, just good to get your feedback
At my age I no longer trade multiple pairs and only trade Gold with success I must say......I only post in Aussi,s Gold thread as he is a personal friend who has 40+ years trading under his belt and rarely has a loss.
Know your enemy.
Aussie Battler
So this was on gold? Call you big C now lol- interesting chart
Quoting Ced74
{quote} At my age I no longer trade multiple pairs and only trade Gold with success I must say......I only post in Aussi,s Gold thread as he is a personal friend who has 40+ years trading under his belt and rarely has a loss. Know your enemy.
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
Quoting Ced74
{quote} At my age I no longer trade multiple pairs and only trade Gold with success I must say......I only post in Aussi,s Gold thread as he is a personal friend who has 40+ years trading under his belt and rarely has a loss. Know your enemy.
Welcome to the old traders club-I turned 73 last Monday- i sought of picked up on your age with Ced74- here we still are surviving and enjoying trading wins and losses
new world now with the fast internet- your friend trading for 40 years and making money says it all, thanks for telling that
So Big C just putting up XAU/USD here i go again looking at my past enemy LOL
Quoting darkmonk
{quote} Welcome to the old traders club-I turned 73 last Monday- i sought of picked up on your age with Ced74- here we still are surviving and enjoying trading wins and losses new world now with the fast internet- your friend trading for 40 years and making money says it all, thanks for telling that
happy birthday i turned 73 in jan
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
What box size do you recommend for gold Ced- was looking at 127 based by omnia auto range on 5 minute chart base
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Hi Ced74, are you using TMA true for the chanel ?

Quoting Ced74
As an exercise I have taken 3 sell trades here on usjpy....Should have entered a fraction earliar...Just for interest as I do not trade this pair.......Remember only fools rush in. {image}
Gold
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Aussie Battler
Quoting rosalieone
Hi Ced74, are you using TMA true for the chanel ? {quote}
Yes an old version of TMA with 2 settings as shown.....There are many versions of TMA but I have used this one for many years...I like to keep it simple
Aussie Battler
Quoting Aussi
{quote} happy birthday i turned 73 in jan
yezz cool dude another 73 year old awesome- let us show the young guns how to trade lol
Quoting darkmonk
{quote} Welcome to the old traders club-I turned 73 last Monday- i sought of picked up on your age with Ced74- here we still are surviving and enjoying trading wins and losses new world now with the fast internet- your friend trading for 40 years and making money says it all, thanks for telling that
No computers /mobile phones when we were younger.
Aussie Battler
Quoting darkmonk
So Big C just putting up XAU/USD here i go again looking at my past enemy LOL
Do not rush in just yet...I would like to see it lower.....These were scalping quickies .

R
Aussie Battler
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