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Nice work kp.

I don't think price is moving up 10 points from the entry. It's once the gain is in place it is happening. For someone looking at the 1 min and only using lines, this might get troublesome as the SL is bound to break and price continues up. For a person looking at the gradual decline of value...

You're right. Without volume we have less of an idea about the intensity of the transactions. All we can decipher is the side that's advancing and the side that's backing off.

I would perhaps state the above with different words, meaning mostly the same thing as stated above. Each value area or where price was supported by buyers coming in is successively lower than the previous one, showing a down trend in price. This continues until the last horizontal line...

But that would be the case for any parallel bars, wouldn't it? Agreed

Sellers again pull back and let buyers chase price up. Buyers raise their bids but then sellers don't find any buyers at a level below the high of the previous bar. The seller lower their price and buyers keep lowering their bids. Now sellers are chasing buyers who suddenly are not willing...

To add to this: The close was still lower than the close of the previous bar, and the open of the current bar. The buyers did step in and recovered most of the drop yet have not been able to push beyond. This may mean buyers are willing to pay higher prices as sellers have the upper hand to...

Gold price has breached the DL quite significantly. From here I am waiting for a retracement and then drop. The distance covered by price during the drop has taken price quite a bit away from the 1331 swing top. The price risk has increased, but at the same time price is dropping hints that...

The price of gold has been steadily rising. I have been eyeing it for some time now to break the demand line and give me a retracement and drop for a short entry. It hasn't happened yet. There is a little bit of bias in my mind towards the weakening of the price. The strong drop that the...

This is not a bull market behaviour. I think I am the only one who didn't do anything today. I must be the smart money. Gringo

Gold is at the top of the hourly TC. This channel is also visible in the charges in the previous post. There has been a DL break in the hourly and if there a retracement and then a drop a short could be taken. Price is going through the retracement currently and we'll have to wait and see...

Gold had a very steep drop a from mid Mar to Apr. Beginning Apr, enough demand showed up to breach the SL and then had a retracement for a potential long entry, for those who would disregard the severity of the drop. For purely mechanical entries there was the long. It also didn't pan out too...

Scratched. Price wasn't strong enough to continue up after a few hours. 3rd scratch in a row!

GDX hourly is rising after a retracement. The daily GDX is at the 50% point. Although, the strength isn't as pronounced, the signal is here, therefore I have gone long. If it doesn't maintain strength then again I'll probably have to exit. It's part of the game and I just follow it. The...

Yes, I was wrong.

It is as you understand BMW. Price is going up, DL break, ret, and after the trough of the retracement a rise constitutes an entry.

Price for gold futures has been dropping quite consistently. It is now in the proximity of the 50% mark. This represents the half way point to the previous rise from 1182 to 1392. Whether this has any significance so far isn't clear. In face, price hasn't shown any sign of strength. Any...

Yes, I have made mistakes a few times, or shall I say had a string of trades that had to be exited. I wish you all the best. Gringo

Lets have a look at GLD today. The price has been moving up since the beginning of the year. There's a trend channel we can draw. It's not too hard to notice that the price since mid Feb has been spending time around and above the upper overbought supply line). This gives us two sets of...

Price has a breakout above the congestion area. There's a brief retracement when price slowly comes down a bit an then there's a sudden surge upwards. Price shot up significantly very quickly and then has a quick drop. This is a drop though it holds above the congestion, suggesting demand...