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need your advice on this. was looking at 4hr chart and looking for short, missed the initially retractment. now price fell -150 pips.daily CCI at -160. tempted to go to 5/15min chart for entry. advisable ? worried that there might be a reversal.
Needed to be on the move with my chores today. Quick look at charts this morning and looking at overnight performance / news, I put a limit sell order in for gold. Price 846 and target 835 (about 5m 960), happy me, got 110 pips in the bag.
I was asked by Honest Bill this morning for my thoughts. This morning, I called cable break at 1.8035, usd.chf above 1.1165, usd/jpy above 107 and of course gold short. I only took the gold trade, but by my reckoning you could have made an easy 200 pips.
I have been making some revisions to my charts and added a 4cci to my 5m charts. But I have not put on in place of 10, but actually incorporated on to the 10cci. I have two indicators, same chart and it provides me with an early warning mechanism and the benefit of my trusty 10cci in the same visual. Off to finish my chores, out for the remainder of the day. Will post a chart later to show this visual, and my little gold trade.
All the best friends - and can Pimp let us know he managed to get past border control with his knocked off passport and stunning sartorial elegance.