FX CHAOS!

[Triple B]

Sorry andy was out fixing pool cleaner.
2nd last bar now red Doji. or spinning top = indecision Ie lots of selling and buying
lots of tick vol too so I think the blue downtrend on 4hr is comin into play

 

[Triple B]

Yeah Will looking for a long target , maybe 1235 might be able to squeeze 3:1 outa that.
But my preference is short now back to 1215. waiting til NY opens to show me the Way

 

[willoneau]

I didn't know (still don't) if we are going to see two leg down first.
2115 is a sign of weakness for me and changing bias to short

 

[Triple B]

Also worth noting is Gold tends to have 2 moves up at most lately on 4hr, we have seen 2 already

 

[willoneau]

Review stats so far tonight,
-1R (GBP)
BE (GBP)
-0.55R (XAU)
0.5 (US500).
2 open positions ( XAU,GBP)

 

[willoneau]

Also worth noting is Gold tends to have 2 moves up at most lately on 4hr, we have seen 2 already

Looking to see if it will break above high at moment , see if continue or false break if high taken out?

 

[willoneau]

US500 tracking sideways just above low if breaks possible move to 2630.

 

[Triple B]

xau big squeeze Hit the 4hr DTrend line and 15min horiz R and sellers were there Im waiting to clear the DTr line before going long.

 

[willoneau]

xau big squeeze Hit the 4hr DTrend line and 15min horiz R and sellers were there Im waiting to clear the DTr line before going long.

Are you going to wait certain distance to clear before entering or enter on pull back to line?

 

[andymac]

hmmmm been out for dinner for a bit, didn't miss much gold back up but not really convinced , be nice if dxy moved again

 

[Triple B]

Just above last green candle on 5min chart

 

[willoneau]

Entry short US500 2672.1

 

[Triple B]

DXY looks long , 25mins to ny open

 

[willoneau]

XAU almost touched my 2R profit target so move to BE anyway.

 

[andymac]

short us5002670, stop 2676 ......... target? hahaha

target 2600 but will maybe struggle 2655 -2635


cancelled sell order for xau
still working for aud

 

[willoneau]

short us5002670, stop 2676 target?

short but target above

 

[Triple B]

went short gold reversal off 4hr DTr R

 

[willoneau]

Moved stop up XAU after pin bar on false break but no continuation on long side 5min , possible lower high.

 

[andymac]

us500 stop at BE

 

[willoneau]

us500 stop at BE

were did you enter?