Gold is going up. Take care with EURUSD and GBPUSD shorts. When Gold goes up, EURUSD and GBPUSD tend to go up too or they do not drop much.
I say tend. I do not say they "do". Ok?
If gold retraces, this will help the retrace on EURUSD and Cable or it should.
But we are facing today so far a market that wants to consolidate and we can have a lot of false signals. Take care.
Thank you for the post. I lost 110 pips because I thought a retracement is coming our way. You were absolutley right, It just could've happened to a newbie like me. I lost my rules and I lost my money. It was a very big/sad punishment. But a Big experince for me to continue to work and study so these things won't happen again.
I once got told by an experienced forex trader that new traders are not entitled to think or have hunches about that market, that they are only entitled to let the market tell them what it is going to do, not the other way around.
Got caught many times in the past trading what I THOUGHT would happen.
I agree, with the big moves Thursday and Friday, I am of the thinking that market may, I say MAY, consolidate for today and with US 4th July holiday tommorrow, may see that stretch to tommorrow as well.
But wait and see what the market tells us.
Also, Nina, I would like to thank you for all the help u have given everyone on this thread, a great system that I am currently demo trialling and believe that it has real good potential, see how the demo trading comes along.
Level 4 buy on cable (08:30cet) was at 1,8465 and it made a high at 1,8490. More than 15 pips. I do not know how you have a lost of -34.
Can someone atach a screenshot of 8.30 signal?
Thank you in advance!
I didn't take that level 4 buy on EURUSD. It is driven by EURJPY and Gold.
Tomorrow is 4th of July. Cable does not follow EURUSD. Remember my post about false signals.
But, my line in the sand on EURUSD now is 1,2735. While above that level, its way is up.
Take care, please. There is a big fight on USDJPY and the volatility on GOLD is extreme.
According to Neuimex, we had a level 4 buy on EURUSD (12:00cet) at 1.2772. Made a high at 1,2808. + 26 pips.
As said, I didn't take that long.
We had news and we had a rush. Level 4 buy on EURUSD (16:00cet) @ 1,2798.
It made a high at 1,2822 so far.
On USDCHF, level 4 sell @ 1,2239 (16:00cet). Made a low so far @ 1,2218.
On GBPUSD, level 4 buy @ 1,8445 (16:00cet). Made a high so far @ 1,8472.
GBP Level 1 sell at 16.30?
17:30 cet. but carefull. Market is approaching thin liquidity due to independence day.