Signals with Moving Averages

DXY futures broke above the trendline and still facing resistance if the restance is broken then DXY might surge to 98-99

Gold daily still on track; first angle getting into place but next one not before Monday. H4 shot up on only one angle. So, now in the waiting game for gold.

GBP downward trend is fading out and so is Eur. Both could turn up later on. Should watch action usually coming at 9 and 10am.

Retail sales for GBP due at 8am. Forecast is for a weaker number; a better number will propel it higher.

Trading Central's view on gold

Different view for GBP

This sums it up for now, let's see how it unfolds.

Bakker
I am trading from Namibia.
I am following you.

Please keep in mind that when H4 closes you should always switch to M15 or M30 to find a double angle which will enable you to get an early entry. Look at how the setups differ between H4 and M15.



M15 is coming down while H4 tends to move higher

The above is very important; a determining factor between a loss or a profit.

Dollar very strong; will be a challenging day for bulls re gold, gbp and eur.

GBP retail wasn't good enough to keep it afloat.

Keep an eye on M15, is turning up strongly. That's for gold, found support around 3646 (see H1 chart below)

Slight relapse, but found new support.

First angle on M15

Two angles done, time to enter

Something for illustration purposes (study seriously). Below a H4 chart of USD/CHF with line chart only. Check the position of the angles AND note all are double ones and also note that 90% of them originate from either a high or a low (essential for a safe trade with good returns).

After this post check the next post.


You will admit these are all safe trades with entry points you can see on the candle chart in next post.

After this chart check the next one where I added green (EMA2Close).

Look how nicely green falls into place:


You can't ask for a more reliable system like this. And as this is a H4 chart the profits on first candle after second angle is very very good.

I guess by now you know that the black lines point to the angles. The horizontal line is line of entry.

Note: to fine tune your entry you should switch to lower TFs