FX CHAOS!

[Triple B]

Welcome to the FX CHAOS thread.
Where FX traders of all pairs are welcome to join in .
(demo traders welcome).

 

[willoneau]

Interesting might get messy here though?

 

[Triple B]

Ah yes a nice fresh thread to mess up

 

[Triple B]

Thats why Chaos will

 

[andymac]

ahh a whole new empty space ti fill .... lets go

 

[Triple B]

My first Gold trade is just hanging in there at BE. getting some high tick volume . would love a break out before NY open . like watching the big green candles

 

[Triple B]

also going to open seperate browser window with my Gold digger thread , so I dont have to go looking around for it . How efficient am I

 

[andymac]

ok just for kiks, back to longer terms charts when not much happening. and please nobody trade these just an object for study.
hourly chart shows tiring trend up - macd- and last 2 days action is very messy from an elliot wave perspective, this could go on slowly grinding upwards for days, it's gold, it could shoot up in 5 minutes, but just saying i am wary for now, looking for a bigger pullback of a couple of days, 1209 area be nice place to reload.
check last nights action running along bottom of trend channel, then broke below, and has just re-tested from underside,,,,,,

 

[Triple B]

DXY interesting

 

[andymac]

now the 15 min version same blue trendine from the bottom of the move, the red trendline of the little move up is now being tested

and yes there is an order sitting under there, and guys, i don't know what i call this trade, but i need to work on that, oops i think it just went off

 

[Triple B]

Wow just stopped out for BE was a lot of long stops under there.

 

[willoneau]

XAU just spiked down looking for long entry signal,
if 1221 low broken long position probability looking weak.

 

[Triple B]

Now short break down below uptrend line

 

[andymac]

your right on with dxy triple it gone off again

autospell killin me on this thing can you turn off????

 

[Triple B]

its CHAOS!

 

[Triple B]

Had to follow rules . at first went long then closes that as broke down below trend line. looking for 2:1 dwn to 1219

 

[willoneau]

Nice pull back on US500 waiting for confirmation.

 

[Triple B]

only 1 trade left after this tonight.

 

[willoneau]

Will look for a false breakout setup on XAU to go long.

 

[andymac]

ok i did not follow rules as i do not have a valid entry strategy for this trade, will have to have a close look and see if there is something there,,
in the meantime stop now BE

learnings - so for a long time i have been telling my self "do not walk in sit down see a breakout on a 15m chart and trade it" as i did this arvo. things work better when i take my time and stalk things from a longer term perspective.