important levels on gold
most important levels you must save in your mind
2070
2150
2333
2700
all above number have high winrate sellimit(but with sl=6.00$)
on current chart :
look to chart , if you see AC (or stoch 7.4.4) full green,going to red , this will move gold down in next 10 day (if buyer pressure be high ,can zigzag,range gold this week) until AC daily go down,full of red bar,you can buy gold and hold it until AC go up ,full green,3-4 green bar in up (close signal)
if buyer pressure on news go up and gold can break high 1890-1900 , above normal scenario will cancel and gold can fly up
note=AC created by Bill williams is like stochastic movment
secret= on gold,silver (i think on forex too,not sure) AC on 1hour + daily chart is important
on dax index FDAX1! , nasdaq,dow AC on 30min+4hour chart is important (on dax my stratgy is with AC 30-240min ,in 10 pos i eat 4sl 6tp , my tp =3*sl)
for trade gold AC and SMA200(simple movin avrage) on 1hour and daily chart is enough (and draw important support+trendlines),DONT USE INDICATORS GIVE YOU REVERSE SIGNAL like bollinger bond,RSI ,,,,gold is VERY VERY TRENDY ,when go up ,will go up more like cow ( not zigzag like dax)
for metatrader4
4xone.com/acceleratoroscillator_mtf-metatrader-indicator/
2070
2150
2333
2700
all above number have high winrate sellimit(but with sl=6.00$)
on current chart :
look to chart , if you see AC (or stoch 7.4.4) full green,going to red , this will move gold down in next 10 day (if buyer pressure be high ,can zigzag,range gold this week) until AC daily go down,full of red bar,you can buy gold and hold it until AC go up ,full green,3-4 green bar in up (close signal)
if buyer pressure on news go up and gold can break high 1890-1900 , above normal scenario will cancel and gold can fly up
note=AC created by Bill williams is like stochastic movment
secret= on gold,silver (i think on forex too,not sure) AC on 1hour + daily chart is important
on dax index FDAX1! , nasdaq,dow AC on 30min+4hour chart is important (on dax my stratgy is with AC 30-240min ,in 10 pos i eat 4sl 6tp , my tp =3*sl)
for trade gold AC and SMA200(simple movin avrage) on 1hour and daily chart is enough (and draw important support+trendlines),DONT USE INDICATORS GIVE YOU REVERSE SIGNAL like bollinger bond,RSI ,,,,gold is VERY VERY TRENDY ,when go up ,will go up more like cow ( not zigzag like dax)
for metatrader4
4xone.com/acceleratoroscillator_mtf-metatrader-indicator/
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