Get started

Waiting

Gold weekly plan (September 2019 )Now Gold can go both side. After Market open we will see direction again with two criteria. Important zone is 1517-1520 , I will open position after market show Left Strong bullsih bias. If Gold can stand upper 1517-1520 zone and break Green line we will follow to next res. *** invalid when drop below red line. Right - Bearish bias Weekly TF : Shooting star Lower TF : Double top + Descending triangle + Break down and finish retest trendline. Target - 1508 - supp. zone 1495-1505 ( 1502.2) - 1483 - 1475 or hit Dot Trend line ************************************************************************************** After two chart , you will see Gold , have many signal to drop. for retracement (but Long trem trend still bullsih.) Gold can go to new high ? maybe because of Trade war , news ,.... but no one can congfirm , I only trade when see which direction is more possibility to win. It depend on yr stategy (day trade or ...) to trade. Wait till market move after that I will follow again
OANDA:XAUUSD
by theoris
2
Why are you failing? part 3 Money ain't a thangHave you ever had one of those days where everything was going right? You waited for the right setup, you had great position size, and everything went perfect.You made some great money and you feel so good about yourself. You start to think you’re a genius.You start doing the Mcgregor walk and screaming money ain’t a thang.This then leads you on into breaking all the rules like not waiting for the right setups! After that win you start telling yourself well what if I can do this at every hour I would be rich in no time.This can kill your trading account ,and over trading could be one of the reasons why you may be failing. Quote: "If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring." -George Soros Trader Essentials from Amazon 1. amzn.to -Tylenol Extra Strength Rapid Release (LOL) 2. amzn.to -Encyclopedia of Chart Patterns 3. amzn.to -Apple MacBook Pro 4. amzn.to -OLLY Goodbye Stress Gummy,
by Red_Rock5
SPX Vs. Gold. Comparison If SPX is moving higher, i will be looking at a Short position in gold. The same apply to the the declining price of the SPX, i will be looking for call positions for gold. Levels to look for here is the 1350-1360, 1280 - 1300. Right now, i see a fall in risk appetite, and therefore a rise in gold. Waiting for the right timing to enter a long position on gold. The price could rise for the SPX to test the highs, before we could see downturn. While gold prices could also decline to 1280, before moving upward. Will update when the time is coming :) Also look for the US10Y. A falling Yield indicates more influx of money to the bond market and less for the stock market.
SP:SPX
by Fx-AlphaStrats
The Loonie in troubleIn this screencast I show how waiting for a key position in the market is good idea. As I always say, 'Stalk 90% trade 10%'. The CAD - often referred to as 'the Loonie' (not by me) has been in some trouble across many currency pairs. I'm not interested 'why'. All I care is where the trend is going and key areas of opportunity and probability. As strange as it sounds, not trading is actually a winning strategy. So for newtraders especially, don't feel that if you're not in a trade that you're missing something. You are actually wise.
Education
by Captain_Walker