Last week was mostly non-tradable for me because I expected shorts in gold but instead of shorts it makes serious longs. SO I just skipped it (and made non-successful short).
euro
Meanwhile euro gave me workable situation on Friday but it was so slow during whole day so I decided to close (end of week + evening). As you can see It wasn’t right decision. But I prefer take guaranteed profit instead of take possible losses (on Monday situation could be very different)
On this week market give different signals but on March of 28 I got signal for strong sails. Open trade from market and added one more in queue later. But instead of proceeding downtrend price stood in small range. It was big concern for me, especially when gold moves down (but also VERY slowly). I already was in such situations before: euro gives a signal for good shorts/longs but instead of moving in right direction it standby and reverse. So I quit. And again was wrong.
gold
Same thing with gold. I also added extra lot, but I closed all trades when price stood. Better be in small, but profit and waiting for a better conditions instead of losses
Yesterday I’ve opened aggressive longs with simple logic: we make good movement and need correction. But instead of possible ups gold gave signal for downs. But also didn’t make any movement. So I wait for a better conditions now.
Euro (again) skipped important news and stays in small area
Can you help answer these questions from other members on futures io?
gold
This week on Mon, Tue, Wed I was out of the market . On evening of Wed when I came back I saw an opportunity and left the order. Wonderful thing about gold is its possibility of moving through night. While currencies just stand, gold works! I also skipped news and now I’m in position, hope in right direction with 1/2 of full lot.
Look like I have to show someth for last 2 weeks
Cant say it was a perfect weeks. Gold
I need more experience in work with gold. Anyway I make some remarks to my plane concerning this one.
Last week it gave me 50/50, on current week I could short from gray rectangle but I got a few (but painful) losses on euro so I choose to stay away from the market and wait till price left both rectangles
Added info about size of each lot
Euro
I hate this pair. Instead of doing something it stood and made strage things
There were 2 strong signals to purchase
Cad
Canadian $ became more clear for me now so I sold and bought it and 1 order in delay. The question – shell I understand current movement as correction or strong uptrend is continuing?
Pound
British pound starts a new round of downtrend, so I placed 2 orders and 1 have closed partially.
The following user says Thank You to Larix for this post:
Hello, rintin2x
Thank you for your words, I use different approaches to trade and in some cases I can use volume profile and very rarely simple MA. But prefer see clear chart
Indicators are not bad but (as I think) trader should use it as supplementary.
I could share some of my trade ideas if people from this forum want to hear it
@Larix I have the feeling the approach is almost the same as mine, that's why I thought I write something here, but I still have problem let the trade works 95% of the time and I don't do overnight too.
This week didn’t give anything special. I continue work on my trade system. Still need more experience.
Gold
Gave 1 trade only. Frankly speaking I was more focused on CAD & GBP rather than gold. On the next week I expect to watch correction. 1/4 of full lot.
CAD
Was very slowly – reason why I’ve stated to close 1st purchase partially. And 2nd purchase which I made was unsuccessfully, better say I was watching how price works on others tools and how reacts CAD. Looks like on the next week CAD turns back. So I made very conservative delay order, stop position doesn’t matter – till Monday I don’t expect serious movement.
CAD is exactly about it. Instead of doing uptrand work it freeze. If it's frozen - it accomulates volume.
I think CAD goes down, it's still possible to reach uptrend goal (if I compare how CAD goes down and how it goes up. up movement is much preferable) but current signals for short
GBP
Last money was taken by TP. Week over, 9 days it was a downtrend with weak corrections, so from the new week I expect to watch accumulation and correction. My own opinion – since 17 of April pound started a new subtrend.
GBP
After accumulation GBP simply fell down and I took losses. But it was aggressive purchase with 1/4 of full lot. Now Im also looking for a purchases just because there are a few reasons: 1) low volatility – for last 3 days we made near 100 points – for GBP it isn’t awesome 2) 2 important news were passed without reaction 3) we still don’t have any correction 4) we are on another possible reversal point
