[Robinson Izuchukwu]

I’m going to use my PC to open this site this weekend, I think it will be easier for me to use it there.

US30 has broken the overall resistance in D Timeframe and in a parallel trendline I believe it’s going to hint 41819.1

While stop at 39357.5

[David Lagos Nigeria]

[Belgrade Bobby]

Yes David – now add a parallel line of that support to the top as I did – that way you get an idea how far it can go

[David Lagos Nigeria]

Like this right?

[Belgrade Bobby]

XAUUSD – Gold

Abubakar, I draw some trend lines to support your view..

Here are the 4h and 30 min charts

 

 

[Abubakar Kaduna state Nigeria]

Xauusd buy @2391-2388

Sl: 2386

Tp: 2396

[Belgrade Bobby]

David, Parallel lines :

Place them one by one on previous tops ( June 10th, June 20th , July 8th & this last one – The Top)

I am talking about Gold chart…

So once you do it, see if any of it makes sense.

And finally, get to some trading conclusion based on it :

–          If this, then that

–          Sell here, stop at…

–          Wait and buy at…stop at…

This is a lesson – not real trading instructions – so feel relaxed in your conclusions and let’s see what can you come up with.

We’ll have it saved here, so we can continue to follow it and see what really worked and what not.

 

[David Lagos Nigeria]

Draw a parallel line at which area please?

[Belgrade Bobby]

David, you got it right – that is the first step.

Now you have to draw parallel lines to those you already did , and make possible channels.

That way you will start to have a clearer picture of possible moves.

So you know you should Buy it, but where you gonna take your profit.

How deep can they pull back and still stay in Buy Mode …

And now, specifically for you – as I can see that you are using the moving average:

–          What MA you use?

–          How do you use it ?

–          Have you ever tried  to combine it with another MA ? ( we’ll talk about this later)

Ok guys, for you to know – I am not around at all times, but I will answer every time on any question you might have – just be a bit patient 😀

[GVI Forex]

Robinson

Go to this link and you will see a short video on how to post a chart

It must be posted in visual mode

How to Post an Image

[David Lagos Nigeria]

[David Lagos Nigeria]

Second charts

[David Lagos Nigeria]

This the home work you gave us

[Robinson Izuchukwu]

Hello, I have a little complaint, I don’t know if it’s my fault tho, I’m finding it difficult to post chart here, I’ve been trying it again and again since last night,

[David Lagos Nigeria]

Alright, thanks
I can’t wait to see the step by step guide 😀

[Belgrade Bobby]

It is all OK David – No need to apologize – ask any question , bring it up when you don’t understand, and I will explain , I’ll repeat as many times as needed for everyone to get it !

I’ll prepare some material, step by step and you’ll be able to follow it for sure.

Only thing that I won’t allow any of you is to spam MY Trading Academy 😀

All questions, postings , talking…anything goes here in Q&A !

[Belgrade Bobby]

Now guys something a bit different :

You should check out Amazing Trader Classes as well. You should follow both classes , without excluding one in favour of the other !

Jay is even more experienced in Forex then I am ( not only because he’s older 😀

He is the master of what I would call “Common Sense Trading “  , and even if you put aside his masterpiece The Amazing Trader, his tips and knowledge will give you the real edge in trading.

We have very different approaches , and you need to open your horizons , but most of the time we do come to the same conclusions…

[Belgrade Bobby]

Yes Robinson it was 😀 Now go back to my chart below – the resistance trend line that was cloned ( so hypothetical trend line that I placed on previous Uptick without any other reason except that it follows the angle that repeats itself ) had obviously tons of stop losses just above it .

Broke it and opened a new bar just above it –Buy ( 1.15038 – Stop at 1.14980 -5-6 pips – we’ll talk about Risk Management later in the game)

Now look at my chart with drawn Channels ( yes I am going to be obnoxious with these channels till you all accept it and start drawing them ) – there is a clear picture in front of us.

Obviously it will try to reach for the top of that channel – possible consolidation prior to it )

And to conclude the lesson : these  trend lines of mine are working every single time – practice drawing them !

To be able to survive in this game you cannot rely on your gut feeling or opinion, but on full strategy and what you see in charts.

[Robinson Izuchukwu]

<p style=”text-align: right;”>The GBPCHF I posted during the day was an amazing movement</p>

[Robinson Izuchukwu]

[Author]

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