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Thank you for the message. I am glad that you found interest in my posts.
Yes I am still trading gold. I have made changes to the way I set my zones. I have noticed that some, not all of the zone "shift" throughout the day. I stopped posting because I could not keep up with the intraday zone shifts. I am trying to decide if an "end of the day" post would make sense.
I am trying to map my GC 5 min chart with 30min and daily Volume profiles to see key levels
Would be great to see if u could post a daily chart.. so i can use to compare my levels and then have a discussion regarding the differences
There are thousands of strategies that are / and have been used to trade the markets. I feel I have tried most of them. It wasn't until I wrote down my "true" beliefs about how "I" perceive the markets. It took me several days to reach down deep to really identify what made sense to me. I learned you can't trade another strategy unless you "truly" believe in it. I have developed my strategy based on these beliefs.
You may not like what you see, but these are my charts I will reference for toady. I would be happy to discuss further.
came back to touch the 1326 Fri morning.. bounced off.. came back.. bounced off and then finally broke through a few times
What i am amazed with is the 5 min downward sloping trendline.. bounced all the way up but kinda respected that downward sloping line
so
First i dont find many gold traders here on FIO posting at least.. though Gold seems to respect technical patterns on usual days.. is it because margin is high?
Second: maybe we start posting an end of day 5 min chart.. so we can compare notes.. (will start in a few weeks once i am back from my travels)
Sounds great. I would love to share thoughts. I have been using renko (mean) for the last several months instead of time based charts, other than a daily candlestick. The reason why I use renko is because I believe time is irrelevant during intraday trading hours. I believe price (by using renko) can give a better picture. The brick size I choose is a function of my risk.
I think gold can scare traders away based of margin. Gold is very volatile to economic news. Many traders do not know how to trade that kind of volatility swing. They either ignore the news or try to gamble the news.