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I just want to add when you trade Gold , you don't need all those indicators, a daily chart will STO , CCI and S&R lines will do the job, Gold respect the rules of techinical analysis on the daily chart.
Thanks for pointing that out. Was watching it on a 1min chart and also noticed the repainting. Not using it as u pointed out just makes charts look nice..
PLAY GOLD on MARKETIVA ?
Very interesting, but ...
Oh my God, spread = 20 pips, minimal TP = 480 pips.
Minime, do you have S&R indicator for Gold (mt4) ?
I don't have Gold on my mt4 list, How to display Gold in my mt4 ?
I just want to add when you trade Gold , you don't need all those indicators, a daily chart will STO , CCI and S&R lines will do the job, Gold respect the rules of techinical analysis on the daily chart.
I do agree, GOLD is way easier to trade. In fact, gold dosen't rely on 2 country, but on his own.
Also, gold got more then one aspect of trading: it's use in the industrial/medical market / jewlery and as a investment tools in hard time.
It as also less volatility : News won't affect it as much as currency.
I wouldn't be so sure , unless you define deep down !!
if she cross DN and clear closed below GOLD line so is gonna DEEP DN and the target is PINK, BUT if she cross UP and clear closed above BLUE is gonna FLY Hi.
thats why i said :
Hope is gonna DEEP DOWN or FLY HIGH :: its a wild Monday
See what I mean, when I told you how deep
you got lucky with the trades yesterday
NO, not LUCKY
if you trust the indi and follow the rules :: you still can GET GREEN PIPS!
Quote:
Originally Posted by MiniMe
I just want to add when you trade Gold , you don't need all those indicators, a daily chart will STO , CCI and S&R lines will do the job, Gold respect the rules of techinical analysis on the daily chart.
if you play on daily chart FORGET about aLL indi STO, CCI and S&R, you just need 3 trend line of MT4 toolbar indi.
:: this is what i need a feedback from the expert, thx MiniMe.
I hate to debate as I know people like to stand for what they believe, but I will try to explain my point.
There is actually more in trading than the indicators, for exmaple gold has trading cycle, same for oil and same for corn.
There are days where you buy and days where you sell.
As for the gold daily chart, I look for the direction of the indicator not just the level , thats why sometimes its important to have the indicator on the chart rather than the nice looking square icons, the direction of the indicator give you the convergence and the history in a better way.
I like the indicators and setups posted in your thread , I like the colors, the way you arrange the indicators, its brilliant , but some of them should be traded the other way around , no offense meant , I will give you an example , see the setup in post 73 http://www.forex-tsd.com/200946-post73.html
where you say the buy zone, its actually where you should get ready to sell , and the sell zone its where you get ready to buy ... test it by reversing the buy and sell and see the results " my opinion , i could be wrong ".
When you said go short, and you post a screen shot, in away you influence the decision of other trades and encourage them to take the postion of your trade, you meant no harm, because you seems to be a nice person who likes to help others , so I made my post to question your entry as I saw something different that what you did, if you stayed in that trade , then your demo account would have been blown.
I have all the respect for you and your work, please don't take any of my post personal, you are doing a good job.
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