{quote} what exactly makes you think that someone would pass you all his funds for trading?! people are just thinking tooooooooooooooooooooooooooo high of themselves these days.
{quote} After multiple attempts, I’ve come to realize that M5 scalping on Gold is extremely difficult and unreliable—especially for automated systems. While a skilled human trader might manage profits in this high-volatility environment, developing a consistently profitable EA for Gold on such a low timeframe has proven too complex. As a result, I’ve decided not to continue pursuing M5 Gold scalping with an EA portfolio. Instead, my focus has shifted to the M30 timeframe, which, based on initial development and testing, appears far more stable and...
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That's a downer, I am looking for someone to help me trade Gold and was interested in your strategy. Pity it isn't working. Good luck.
USD/JPY has a nice market structure trend. It's a higher high on the 1 hour chart but on the 4 hourly chart, there's a double bottom, here's your chance to get in and buy USD/JPY especially that the strength meter is increasing bullishness for the green colored boxes. It's good to aim for 20 to 35 pips on this pair. {image}
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There's BoJ rate announcement tomorrow, the movement of yen pairs including USDJPY will be heavily affected by that. Given recent trends, I am expecting JPY to be bought going into BoJ announcement and also after. I would steer clear of going long on yen pairs at least till tomorrow's London session.
USDJPY Weekly Technical Outlook The USDJPY market operation on the weekly time frame is sideways. Two weeks ago, the market operation retested the lower trendline of the rising channel (purple) which was broken down four weeks ago. But there was a feeble bearish challenge to the bullish move last week. Recent candlestick prints are respecting a rising trendline (magenta) below the channel (purple). {image} The USDJPY price action on the daily time frame is sideways at the 144.070 intra-day horizontal resistance. Technically, there is no directional...
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How will the BoJ policy rate announcement tomorrow affect USDJPY? Technical analysis is great, but Central Banks' announcements will always shake the market. Do you have any thoughts on how BoJ might change the course of your analysis of USDJPY?
