Price is everything

I've been watching this area to see if PA will set up a buy.

Just saw your link M8 and read it. I was expecting a correction but not as fast as that one...

I would wait before going long on Gold

I haven't gone long, just watching PA on differerent TF's. I don't want to get on the wrong side of gold or silver. They are too much of a beast.

Stay away from gold and silver, its a slaughterhouse right now

i got long silver seems exhausted. Should get a good pullback here.

I will be looking around 38.45.

you guys trade silver and gold more....does it have some plus points then trading currencies?

It moves by PA at support and demand, just like everything else

the ranges on gold and silver are double that of most other currencies so volatility is way bigger,a + or - depending on how you look at it

First time I traded silver I traded my normal lot size and was I in for a big suprise. Good thing I turned out ok, but I now trade a lot smaller lot sizes for gold and silver in relation to the sizes I trade in currencies.

Silver does that to everyone the first time

Welcome to the club

Hello peeps... it has been a while. Business trips and all that... work is hectic, so no time for FF at the moment!

P.S. Be careful of silver... it is a very volatile instrument... especially these last couple of weeks!

Speaking about silver, this is the only thing i've got right now. Scary stuff indeed.

LOL!!! I had the same expirience... It's the Silver "WTF is going on" club, right?

I see further weakness on my daily chart!



I could be wrong, but for now I would avoid longs unless scalping!

Short on loonie again

manual stop - 3 pips

Cable short went nicely.

Here are some 15m usd/jpy levels I'm watching

This is the time of day I come into this thread and talk to myself.

Yesterday I showed an unsuccessful trade at a level where the supply had been removed, then I walked away from the markets to miss the short at the next supply level up.

Today I want to talk about my choice of supply zones on the chart in the post I'm quoting. Specifically, I would like to point out why I did not highlight the lower supply level. While at the time I did not rule out a bounce, the profit margin was not ideal. In addition to this the next level up (the lowest highlighted zone) must have lots of orders sitting there, and even if price bounces from the unmarked supply, chances are price will return to the lowest highlighted level to fill the rest of the orders there.

So, as I mentioned earlier this is the entirety of my view of the market. The only other component is price action, but it is minor in comparison. The price action you see at the level only tells you if there are in fact orders remaining there, and is only relevant at the important levels.