My observation
I am not sure how to say this and it is not my intention to hurt anyone, we all come here to share our observations and to learn off of each other, there are many here who read attaining knowledge and do not post, many charts being posted with different view points means more knowledge, but we need to remain united in our purpose. My purpose is to learn TA and become a great trader, we need to remain civil & respectful in our posts. We are at a fairly pivotal point here in my opinion as Gold sits on or is very close to some important EMA/MA’s and support/resistance depending on how the charts are drawn which is perception and interpretation. The USD is also at a pivotal point, either tapping resistance or just cleared support depending on how you have structured your chart.
My point is that I think we have some very low risk set ups here whether you are a bear or a bull and the trend line,EMA, MA cross whether up or down is the line in the sand and the trade can quickly be reversed if these lines in the sand are crossed. This is not about being right, it is about us all contributing and prospering, the more we all learn faster means we have that many more eyes on the wall so we can all identify hazards or opportunity, in short we all take care of each other and all prosper together.
I don’t want to leave anyone out and please do not take offense if I don’t mention your name as I have learnt a lot from everyone, but the posts that have stood out lately are from Surf, Mark, Eagle & Plunger. Why? Because they have identified entry points, exit points (line in sand to bail), what they are seeing at that point in time and possible outcomes, this is educational.
Mark did a post the other day that stated what he was seeing, expectations, pitfalls, low risk entry and his line in the sand exit point, in my eyes this was perfect. It should not be construed as trading advice but as a strategy that anyone learning can use as a guide for entry and exit points to gain first hand knowledge by trading it, living it, with low risk set ups.
Thank you to all the contributors, I have learned much over the last 7 months but still thirsting for knowledge so keep the TA coming.
Again, Thank you.
i just need a buy signal.. i have none yet… all what i have is sell signals.. if i see a buy signal.. ill be the first to jump on board
Not really…Many have been on board since January