S&R is the basic technique that traders should know. Usually, traders use it together with trendline. by using it, at least you have some opinion on where the price will stop and where the price may bounce or should breakout happen. enter the post with trend.

there some good technique been using with Snr such as double bottom, breakout, csr100, etc..

This post has been edited by k-oi: Jul 15 2015, 12:05 PM

Good econmic data on 2Q 2015 yet i still dont think will get that strong. Cz everybody using usd to trade internationally, if they gets too strong, most likely will get rage from all international buyer.

Seller will be happy as they receiving USD. On another side Buyer who importing goods will dramatically reduce. Goods somehow from US will eventually drop. Nobody gonna import from US and will turns their head to Europe/UK.

Hence. Its not possible for gold to drop to that level but eventuallly will get a quick rebound. Federal reserve can not simply raise interest rate as well. Will give a huge impact for their economy. Let see what Yellen gonna talk in this coming speechs.

But becareful with the fake SnR signal.. sometime it activate your position but hit SL and shoot back to your TP

Yeap.. There is another S/R blocking at 1153. We will see how the price go beyond that..

Wow thx for the input.dunno got many types of S&R.i know only bounce&break and nickb

theres a lot.. find one you comfortable with and master it.

seems all here go after gold now.. hahaha

nice one bro. anyway, it will break but will back to normal soon. it won't last long

Just for illustration purposes, break of CTL will give a clearer
picture of where price wants to go, price compressing now, will wait

Gbpjpy buy 0.2 at 192.302
Profit 124.80 now
Forecast from investing.com long position will up to 195.000 as a resistant.
What do u think?
Thank you

I think you're a tailou. 0.2. I will be like roti najib if i were you

Too small 0.2 should go 2.0 only right

Gbyjpy take profit at 193.067
xauusd buy 0.2 at 1154.00 take profit at 1155.05

Andrewcha : I am not tailo bro.. Just a newbie here for sharing trading info here.
Zanmai : 0.2 is my safety margin level. 2.0 is too risky for me now.

I dont see any info you sharing tho. What is that about? Mind to explain?

Why buy when the trend is down bro

Just buy xauusd 0.4 at 1149.70
Zanmai : i trade base on setting moving average n fundamental. Hmm not any expert analysis. My setting is 3 line of moving average. 1st line exponential 12 red, 2nd line exponential 26 blue, 3rd line simple 200 red. By the way i am not really explaning by wording. Sorry.
Keroroq: it is glad i take profit at 1155.00 just now.

Huh! BUY? What timeframe is your analysis?

1146 now. Omg
Time frame is daily bro

This post has been edited by Imleonardlim: Jul 15 2015, 09:29 PM

No comment on your trading. Ill just sit and watch.

Happy trading.

My belief in gold is strong. I want it raise back to 1155. I will take profit alrdy. Stay tuned

There is no right or wrong. I really admire your confidence in your belief