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Well that was a funny old spike on oil and gold there.
Anyone any ideas?
G-Man
Yes you see that a lot on WHC. Maybe not so on your broker's charts.
__________________ I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session
It's possible you've got the wrong button pressed on the toolbar at the top of MT4.
You'll see 3 buttons. 1 looks like a bar chart, 1 a candlestick chart and 1 a line chart. It looks like you've got the candle button pressed. You need the bar chart button pressed, not the candle.
Next make sure you've added the heiken ashi indicator to the chart. FX Pimp posted one with a message a few pages back. Or you'll find one in the custom indicators section under the star navigator button on the toolbar. Change the colours to suit and you should be good to go.
There's another lovely simple Gold trade in the tin.
As per the previous post, Crude did eventually find some support and the 1-2-3 was on for a quick 50 pips !
BRN or QM, both of which are a substitute to the Crude chart for today are setting up exactly the same way.
Could be worth a look, but be careful. Crude inventories are out in a while.
__________________ I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session
USD-JPY seems like it could be setting up for a quick 123 down to the next 20 EMA but since GOLD seems to have bounced off it's 1 hour 20 EMA would this be a risky one in your eyes?
I don't think my broker offers the straight XAU market just CFD versions which I'm not too familiar with and don't even know if that just sounded really stupid lol
Is there any reason why is the EUR/USD & GBP/USD pair isn't moving up although gold is? Sorry for the newbie question.
Edited: Oh wait, i think there's a slight increase. Sorry about that.
Hi daNnFX
Cable was not tradable this morning, wasn't following any correlation, while EURUSD followed gold and crude perfectly!! There was few 1-2-3 plays this morning on EUR, CHF and JPY.
Cable - MPC Minutes, strong support at 1.99 - didn't go down but we did have few 15 pip trades
ATM Cable is bouncing daily R1 - what a day
__________________
I have set-up a free Skype chat. It's called The Boiler Room. I will be there each day trading strategy from School Of Pimpology thread. Feel free to join in the fun.