what should be the target for a good trader??

And I guess the 62% fib at 1703 would be another option. Why would retest of resistance not be a good place to go long here?

It's got similar momentum to silver. I guess if trading multiple lots, you could trade from all these levels, but in your presentations, you refer to single levels

Separately, if going long on a retrace to 1703, would you place a stop under the low at 1673? Or would under the 76% fib be sufficient?

you can consider to work with multiple lots as long as you stay consistent - the reason for why I don't use them is because I look at many markets at the same time so I am bound to get a good entry of one of the many markets I cover.

When you have a strong trend and its far to the next low (but also far to the next major resistance level) - then using the smaller time frames is useful

are markets where it worth while using the smaller time frames. So I would use say the 30 min or 1 hour time frame and pick the major lows you see in those charts as my stop loss levels. Lows/highs created at the London open and New York open tend to be the strongest.

Regarding EURJPY: I was short from break of support at 106.08 like you suggested. Now price has reached a morning low at pivot S2 and is likely to retrace 68% to 106.40. So I've taken profit and set a short entry at 106.40 and an OCO order beneath this morning's low. How does that sound

bhai jan ak acha trader bannay keliy 2nu ki zarorat ha mgr learning ki ziyada zarorat ha agr aap ko is kam ki samajh ho gi tabi aap achy trader bn sako gay

It depends on what you want to do - you got a good entry so I would have keep it to 104.50. Its also way to early to close a position

i would like to understand the price action at 23:00 gmt+1 it seems not transparent to me. Well, this happend

Thank you for your question. Stops and limits placed when trading desks open on Sunday are subject to positive or negative slippage.

am sorry to hear about your loss. Usually, a weaker dollar and higher risk assets mean a higher gold price. There is something different about the markets

Gold was a great trade when currencies were not performing as well. But now, we could see a lower move down to the

1600 level.

Why when you draw the trend line do you not connect the price highs? When I do this, I get the following chart, which

shows price hasn't yet met the neckline?

When I look at the 4hr though, price has breached the neckline...is this since tradestation doesn't relate trend lines between

time scales correctly