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I think the only significant point on the trend line is the first touch of the accumulation area which leads to the breakout and the new trend up and vice versa for distribution and trend down.

Lets see if we can hold 2620 as support

Looks to me like the buying accumulation process started on March 24th, since then we have been becoming progressively more bullish on the longer inter-day time frames, specially when looking at the CVB / tick charts.

Are you stops random 10 point stops or are you trying to put them behind s/r levels?

I think you would have better entry if you just drew horizontal lines. The low of your flag is a re-test of the resistance turned into support level form earlier on in the chart. Maybe a momentum indicator on a tick chart as we approach the level to see if buying is taking place... hmmm

I'm with you on this. I think there is a spectrum of dominant to submissive in both men and women and for couples to be happy opposites need to be together. Dominant men with submissive women or dominant women with submissive men. If you get two dominant partners then epic conflict will ensue...

Im in canada. I bailed my short over night so early am friday est

I got out on thursday overnight at a loss.

Ye I may pull the plug on the short. Will see what happens tomorrow. I made an error on the news announcements, got the dates mixed up.

I think it will break out tomorrow on USD data at 8:30am EST. Can breakout either way I guess but my average price is close enought to resistance area that im willing to hold and see what happens. I like to think that the market is setup technically before big big news. I tend to trade into the...

I am short since last late week . Was tempted to cover yesterday at the lows but still holding short. Looking for a healthy Reteracement from this late December rally we had.

how many trades a day do you average?

On the daily and 4 hour charts it looks like its ready to go down I think, seems like a trading range between 1.17 and 1.20ish

Id also recommend keeping just enough money in the trading account to cover the margin and a few losing trades, otherwise you can click yourself into some trouble even with the micro contracts.

This, after trying all kinds of markets, losing my head and my money on the larger contracts. I am now slowly starting to understand what is going on and make decent trades on MGC. I've come to the conclusion that its ok to live off my savings while I learn to trade profitably, rather then...

This rally in Gold in the last week is interesting. Dollar Index has basically been going sideways, ES going sideways. Gold Rallying on incredibly low volume. Really confusing.... is money flowing from bitcoin into gold?

Thats true but Im thinking we will correct nicely if we fail to breach the 60 level again. Plus bulish momentum is fading on 4 hour and daily.

I may be shorting if we get close to 60 again. Depending how it looks. Looking a bit like distribution over the last few weeks...

Thanks for posting these

The opposite happaned to me. I was short Gold this morning from 1260 but did not cover because I was looking for a break out below 1250. This never came and I ended up covering the trade a little better than a scratch rather than have an ok profit. I was willing to give up the small gain, for a...