Forex trading live calls and set ups

I am thinking of closing this thread (Beachtrader voted a No)


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just looked at gold. nice plunge from earlier this morning. Might look to play a bounce.
Longer term, it's approaching daily trendline support around 1168.

Peter
 
looking to get around 8400
meanwhile gold forming a "triangle bar" set-up as I call it. I will try to post a pic.

Peter
 
Pic of gold setting up. Notice the "master bar". It has 4 smaller bars following and all within the master bar. Trade the break of the master bar. You can also see another master bar 7 bars earlier and it broke downward. 15m chart here. I wouldnt use a lower timeframe for this, 1h is even better.
 

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Pic of gold setting up. Notice the "master bar". It has 4 smaller bars following and all within the master bar. Trade the break of the master bar. You can also see another master bar 7 bars earlier and it broke downward. 15m chart here. I wouldnt use a lower timeframe for this, 1h is even better.

on a 60 min chart it would be an inside bar then
 
Huge ranges on most of the fx crosses lately, especially eur. These are good times for traders.

Gold trade I was looking at never developed. Probably going to call it a day here. Volume and liquidity breaks down from here.

Peter
 
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