Draw 'n Trade (DnT)

i looking at your trades graph... it seem you're up again around 61.8 fib ret.

keep up a good work

I really had not noticed that There is harmony in everything in this universe

thank you for ur good wishes..take care

A good opportunity in Gold D1 chart...the price has just touched the bottom line of the channel (1565) and the target of the pair seems to be 1660...In case the channel is broken then plan B shud be activated by means of a pending SELL STOP order...

Regards...

The pair has retraced to the fan support and has given us the opportunity to BUY Gold...the target of the price is the next fan resistence (which is marked with green on the picture).In case the fan support is broken then the price will target really deep levels.But for now it is a bigger possibility that the Gold market is bullish...

The price is now testing the previous HIGH and it is possible to be rejected and to start a downtrend starting from these levels. A possible downtrend will target 0,9650s.This possible downtrend might make it easy to predict the bullish trend in EURUSD (due to their opposite correlation).

In short it will be logical to sell USDCHF from these levels and target deeper levels.Aat least it will be a low risk attempt.

Regards...

The fan resistence is really strong enough to hold the price below itself.So these levels are amazing opportunities to SELL this pair. But in case the fan resistence is broken then we can talk about a new weekly bullish trend. So this possibility should lead us to place our BUY STOP orders right above the fan resistence.

In short swe can say that these levels will be the beginning of strong movements and each possibility has a range of at least 350-400 pips.

There is a nice opportunity to SELL this pair...The price has broken the support level and retraced ...these levels might be the beginning of another bearish movement...And on the other hand it shudnt be forgotten that the pricce is the king in this market...so it will be essential to follow the price...so we shud place a pending BUY STOP right above the red resistence area...

This pair (NZDUSD) has %89 daily correlation with AUDUSD...so it can help us make predictions about AUDUSD. On the other side the pair has retraced back to a horizantal support area and fan support...So its a good opportunity to BUY this pair. The target is the next fan resistence...

Both of the pairs (have positive correlatioın) have broken fan resistence and are preparing to go to upper levels. The upcoming trends in both pairs shud not be underestimated...its for sure that they will have big momentum !

Time will shoıw...

I am really sure that this fan support will not let GOLD go to deeper levels...if you are thinking about BUYing GOLD...then these levels are wonderful...

Time will show this too

The channel has been dominant on the price for a loooong time...and will see if it will do the same tomorrow (the last day of the month)...

The pair is step by step going to its target (red fan resistence area) . But on the other sidethis uptrend might need to retrace a little and breathe...and in order to detect that berish retracement we need to look at small timeframes. When we draw a fan in tthe smaller timeframe its so easy to see that the price is captured between two fan lines (blue triangle). If the price breaks out the blue area in downwards direction then we can say that the retracement has started...But for now there is no bearish sign...

1-The first picture is the weekly chart showing the target clearly...
2The second picture is the daily chart showing the area where the rice is being squeezed...

There is an amazing opportunity to SELL this air.the price has consolidated right below an important channel resistence line which was an important resistence level in 2010 March (a gigantic downtrend happened at that time)...so i expect the resistence will do its job again and will start a big and high momentum downtrend which will be accompanied with EURUSD and EURTRY and such pairs...

Moreover the daily candle which was closed almost two hours ago was a perfect doji which respected the channel resistence line in a perfect way...And this is also a sign of reversal...so the price most probably will change its direction to really deep levels...It will not be a weak trend

So here ar the screenshots..

The price has broken the last green fan resistence level and completed its journey to the first strong resistence at 1700s...And now there are two possibilities :

a) the price will consolidate a little at these levels and then start its journey towards the green fan support which it broke last week..

b) The price will consolidate a little and then will break the horizantal resistence level (1700s) and will start its journey towards the next strong resistence level (1790s)..

martingale blows accounts sooner or later.....

Is this thread dead?

probably :-)