josi wrote: Wed Jul 14, 2021 12:36 am Well, there is strong resistance around 1817 - but price may indeed break out upwards at some stage (if you look at D1). With a bit of luck it won't do that just yet...
The good news - if it doesn't it may well retest the last low area around 1796.

Yeah.. it sure does looks like it'll break it... did the news release play a role in this? cos earlier, there was clear indication that it'll go down

I'll learn from this though.. would be using fixed TP value for Gold.

maroka wrote: Wed Jul 14, 2021 12:50 am Yeah.. it sure does looks like it'll break it... did the news release play a role in this? cos earlier, there was clear indication that it'll go down
I'll learn from this though.. would be using fixed TP value for Gold.

Sure, what we have seen the last 2+ hours was obviously news related.
So this was no "normal" price move - try not to learn "the wrong thing" from an outlier.

josi wrote: Wed Jul 14, 2021 12:53 am Sure, what we have seen the last 2+ hours was obviously news related.
So this was no "normal" price move - try not to learn "the wrong thing" from an outlier.

Yes, those moves were abnormal.. not trying to learn from the move though... learning to use fixed TP.. actually I've always used fixed TP's, I've been a scalper, really really short term scalper... but looking to tasting the swing side of trading,

maroka wrote: Wed Jul 14, 2021 12:29 am Yeah,, I see..

This was where I took the sell.. but it seems I'm gonna lose this one as it stands.. SL at 1822.08... but it looks like its making a move to go up..

still in the trade ?

oneking wrote: Wed Jul 14, 2021 1:06 am still in the trade ?

Yup.. still in.. I just want to see how it plays out.. if it goes back down or breaks upwards

maroka wrote: Wed Jul 14, 2021 1:14 am Yup.. still in.. I just want to see how it plays out.. if it goes back down or breaks upwards

a buy triangle has appeared

oneking wrote: Wed Jul 14, 2021 1:36 am a buy triangle has appeared

Then its over...haha

maroka wrote: Wed Jul 14, 2021 1:44 am Then its over...haha

I'm in a buy

oneking wrote: Wed Jul 14, 2021 1:49 am I'm in a buy

Okay... I want to see if it breaks the point I marked on the M15 chart below.. cos I'm still rooting for an impossible sell.. .

But when you look at H4, you see the bigger picture...

how many valid trades do you see in the 1m TF of Dow Jones: (2nd dot technique)

Xards old and the new mixed..