Mini Gold....April 09 contract.
- | Joined Aug 2008 | Status: Member | 1,210 Posts
Never sell @ lower upward channel unless breacked and vise versa .
Silent room 2 replies
Silent Success of Patience 10 replies
My silent journal 4 replies
bo7a method... method for GBP/JPY 205 replies
Seeing Through the Silent Crash 4 replies
DislikedWarning: This thread contains dangerously high levels of atomic truthiness and radioactive wisdomite. Anyone foolhardy enough to diligently incorporate these high-velocity elements into their weak fragile trading system risks becoming...........profitable.Ignored
DislikedI went as far back as 1 Jan 1978 in weekly chart to draw my lines off every turns GJ made till now, and I have this.
Attachment
Am I drawing this correctly? I am going to learn here on how to trade this, thats I am sureIgnored
DislikedPerhaps 1978 could be a little too far back to be relevant to today?
I went as far back as 2006 and it looks reasonably accurate. Better check with Wolfman?Ignored
DislikedI am simply wondering if price action will respect a 20 year old SR over a more recent one.Ignored
DislikedI went as far back as 1 Jan 1978 in weekly chart to draw my lines off every turns GJ made till now, and I have this.
Am I drawing this correctly? I am going to learn here on how to trade this, thats I am sureIgnored
QuoteDislikedHowever, I have one rule about this: The zone is going to be at either a number ending in "00" or "50" about 98% of the time.
DislikedI went as far back as 1 Jan 1978 in weekly chart to draw my lines off every turns GJ made till now, and I have this.
Attachment
Am I drawing this correctly? I am going to learn here on how to trade this, thats I am sureIgnored
DislikedI am simply wondering if price action will respect a 20 year old SR over a more recent one.Ignored
DislikedThey are fine some of them seem a little "minor" in terms of their importance relative to the better ones (Just in my opinion) I am sure clockwork will explain this concept of "minor levels" relative to "major levels" better than me so I will not go into it.
Remember Clockwork said . . .
So round your lines up and down to those levels, and then expect a zone (Nothing to the pip here, although sometimes you will be astonished)
Chart 1 - Heres how I would have drawn them, from the monthly chart.
Chart 2 - Yeah I see where...Ignored