Hi,
I've been thinking about starting a thread about trading Gold with price action for a while now and decided that I may as well go for it.
It is not my intention to teach anything, I don't think that I have any right to do that.
My intention with this thread is that like-minded traders will hopefully share their experiences and knowledge and that maybe we will be able to become more skilfull by working together.
Rules are that no indicators except moving averages are to be used. I actually find that the 21 EMA can work very well as floating support/resistance.
Objects like forks, channels etc are allowed.
I don't have much faith in Fibonacci, but if you like to use it, then fine.
Anybody that reads this thread must accept that there is no trading advice here, just opinions and impressions. If somebody posts a set-up in real time and you decide to take the same trade, you will accept total responsibility for any losses. I hope that there will be some contributors that will post their live trades, but stress that these should not be considered any sort of trading advice.
Hopefully, there will be some interest and that we will be able to help each other.
I've been thinking about starting a thread about trading Gold with price action for a while now and decided that I may as well go for it.
It is not my intention to teach anything, I don't think that I have any right to do that.
My intention with this thread is that like-minded traders will hopefully share their experiences and knowledge and that maybe we will be able to become more skilfull by working together.
Rules are that no indicators except moving averages are to be used. I actually find that the 21 EMA can work very well as floating support/resistance.
Objects like forks, channels etc are allowed.
I don't have much faith in Fibonacci, but if you like to use it, then fine.
Anybody that reads this thread must accept that there is no trading advice here, just opinions and impressions. If somebody posts a set-up in real time and you decide to take the same trade, you will accept total responsibility for any losses. I hope that there will be some contributors that will post their live trades, but stress that these should not be considered any sort of trading advice.
Hopefully, there will be some interest and that we will be able to help each other.
Please Do Not PM Me With Coding Enquiries