my trade

http://img52.imageshack.us/img52/621...ompression.png

im done ! im going to bed ...nai nai

See ya Ben. have a good one!

hi magic. if you don't mind, may i present my thoughts about trading gold in reference to your post earlier, although i have no experience? you did well, but i would have anticipated a down trend and traded only short. straddle is often dangerous as market could kill you with a fake breakout. also i would avoid a trade right after a high volatile move. some more thoughts on charts. please forgive me if i were rude in any sense.
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Great charts, my friend. And excellent perspective again on zoomed-out time frame. You are right that we should look for bigger TP since gold has a larger spread. And around 10:00 pm last night, it was making LH and LL (lower highs and lower lows). This is a very key point in scalping. So we definitely should have been on the lookout for a break downwards. I need to continue studying this instrument as the time of day may be key for big movements. It seems to happen late in the London session.

Yesterday afternoon about 12:00pm (Japan time) there was a nice move that could have been anticipated on the m30 TF that Ben advocates. I'll keep an eye on that TF also.

Thanks for your charts and comments, Rising! Really appreciate it. Let's finish this week out strong.

you had valid argument there, gold is somehow different animal all together , just IMO

its perhaps depend on persons style of trades, and dance with the tune of the markets price movement

like to see more of compression + lower low lower high + down slope = $

you did it buddy! next compression + price action + chart pattern = $

http://www.forexfactory.com/calendar.php

http://img694.imageshack.us/img694/2220/bene.png

how far she move for the week? 400 pips? reversal or correction is imminent?

http://img821.imageshack.us/img821/8307/ride.png

survival of the fittest, only if the account can handle the heat

http://img832.imageshack.us/img832/1527/snowball.png

should know the pair weekly average fluctuation to map out the strategy

if you trade gold , trade gold only and try to master only 1 pair and you will know the behaviour the move etcetra .... in other word you become the expert of this instrument and your mind and energy only to focus on it(gold)

http://img819.imageshack.us/img819/8264/akiragold.png

http://img5.imageshack.us/img5/7914/reenter.png

stops taken for few profit

http://img338.imageshack.us/img338/1300/stopstaken.png

http://img185.imageshack.us/img185/8471/123ob.png

got to go , CIAO!

Not a great day today as I started off with Gold again. The 30min looked like it was heading up. Also saw compression on the other TF, all the way down to 1min.

1st mistake was setting SL too tight, I think it was 50 pips or less .
2nd mistake may have been the time of day. Gold has gone up 1000 pips in the last hour as I type this. Wow. Mid to late London seems like a lot of movement.

I did have some real nice success using basic s/r on EU and GU today off the 15min TF. I'll work on that more and share it on here soon. Japan is on unofficial holidays so I'll be back next week.

Have a great weekend, guys.

just open my pc , great ! i 'll study the gold using this set up stay tune.

my week been really suck ! losing pips is no problem with me but to repeat my own mistake is really annoyed me, imagine if this become a habit to repeat over and over again, i would never be a successful trader.
anyhow thats out of my ches now... i feel better .

ok here the trade i took just then:

http://img59.imageshack.us/img59/4210/nicesh.png

no pattern no trade ok!

http://img835.imageshack.us/img835/7250/gold1p.png

if you observe the weekly average move for eur/jpy on average, but this week she make around 400 pips from high to low, then the pipe set up appear at the bottom end around 2 or 3 oclock this arvo sydney time, i shoot it long then i closed it as i have to go.

kind like that i play for most currency i want to kill with big load , just a thought!

hows that eur/yen doing? i dont relise how many times i trade that level (109.50)?