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  • #281
  • Jul 6, 2022 6:56am Jul 6, 2022 6:56am
Quoting PercyJames
Just wanted to say thanks for showing your thoughts and please keep posting this thread. I use a similar method and also exclusive on XAU_USD - effectively swing trading but it tends to break down badly when no retracements are present. So right now price is touching the base of nearly every bollinger band that can be drawn but no bounce in sight. Apologies it appears to be my fault - price will only turn when I decide to go short Gold
welcome to my journal...
i always talk alone to my self here and sharing my insight or thoughts about gold price action...
yeah since friday 1st day of july, as well 1st day for 3rd quarter seems pretty wild...
maybe trade balance or just getting out of consolidation area...
i am in bull side this level, any price stretch out of BB i would love to jump in...
but like others want, gold had to do correction first then it can drop deeper...
his level now can fly anytime but risky...
"bad trades at times do happen even when the set up are good"
  • #282
  • Jul 6, 2022 8:39am Jul 6, 2022 8:39am
H1 TF sideways on gold...
Waiting for FOMC...
Be careful on bear traps...
"bad trades at times do happen even when the set up are good"
  • #283
  • Jul 6, 2022 10:26am Jul 6, 2022 10:26am
gold price melt down...
this could be more interesting later at FOMC Q&A...
we could expect price will go back from where it started...
no buyers got interest in gold...
even worse not giving any sign of correction...
"bad trades at times do happen even when the set up are good"
  • #284
  • Jul 6, 2022 10:33am Jul 6, 2022 10:33am
just on the sideline and watching gold melt down...
"bad trades at times do happen even when the set up are good"
  • #285
  • Jul 6, 2022 10:52am Jul 6, 2022 10:52am
testing the water...
cant resist...
long gold 1736-37...
"bad trades at times do happen even when the set up are good"
  • #286
  • Jul 6, 2022 12:09pm Jul 6, 2022 12:09pm
Quoting spijack
testing the water... cant resist... long gold 1736-37...
closed gold long scalp +$80...
lets wait for FOMC what it could bring to the table...
"bad trades at times do happen even when the set up are good"
  • #287
  • Jul 6, 2022 11:57pm Jul 6, 2022 11:57pm
gold H4 bear set up...
from 1750 REE if over shoot to 1765, wait for price below 1765 then re-short...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-07-07_07-55-02.png Size: 27 KB

so yesterday FOMC for gold wasn't that much to shake the price...
everything is the same...
gold price has to make high correction for more sell momentum...
"bad trades at times do happen even when the set up are good"
  • #288
  • Jul 7, 2022 3:34am Jul 7, 2022 3:34am
Quoting spijack
gold H4 bear set up... from 1750 REE if over shoot to 1765, wait for price below 1765 then re-short... {image} so yesterday FOMC for gold wasn't that much to shake the price... everything is the same... gold price has to make high correction for more sell momentum...
I like the idea but price might not reach that high.

sell off can occur soon. Or ranging.
  • #289
  • Jul 7, 2022 9:11am Jul 7, 2022 9:11am
sell gold 1747-48....
will add if price goes up...
set up base on H4 i posted earlier...
"bad trades at times do happen even when the set up are good"
  • #290
  • Jul 7, 2022 9:15am Jul 7, 2022 9:15am
Quoting spijack
sell gold 1747-48.... will add if price goes up... set up base on H4 i posted earlier...
trade risk free...
SL move to 1747.05...
"bad trades at times do happen even when the set up are good"
  • #291
  • Jul 7, 2022 9:22am Jul 7, 2022 9:22am
Quoting spijack
{quote} trade risk free... SL move to 1747.05...
closed sell +$35...
will for another retest 1748-50 or higher..
"bad trades at times do happen even when the set up are good"
  • #292
  • Jul 7, 2022 9:46am Jul 7, 2022 9:46am
Quoting spijack
sell gold 1747-48.... will add if price goes up... set up base on H4 i posted earlier...
May be TP around 1740.

buy off will resume again? May be.
  • #293
  • Jul 7, 2022 9:48am Jul 7, 2022 9:48am
Quoting ForeoneX
{quote} May be TP around 1740. buy off will resume again? May be.
yes indeed, thats the reason i gamble TP in MALO...
waiting for high retest...
"bad trades at times do happen even when the set up are good"
  • #294
  • Jul 7, 2022 12:42pm Jul 7, 2022 12:42pm
done for today scalping...
average down TE gain +811pts 1.9% +$106
today gold somehow took side way, waiting for NFP tomorrow...
so far daily open 1739 stand as support for bulls...
if this support hold again tomorrow we can expect good higher correct till 1765-72...
that's very good level for bulls and bear to fight over price action...
sadly for bulls we are in level to get the price till Quarter Low 1688-90...
could be tomorrow or next week...
if not the my weekly set up still in play for bulls...
"bad trades at times do happen even when the set up are good"
  • #295
  • Jul 8, 2022 1:18am Jul 8, 2022 1:18am
so we have Fryday or Flyday on gold today...
apparently price stock in yesterday daily open...
asia didn't do much PA, as long 1739 stand as support mini bulls can play...
if 1739 till 32 broke then we can expect the price to slide lower...
but still i am looking for a good retest from 1750-65...
"bad trades at times do happen even when the set up are good"
  • #296
  • Jul 8, 2022 2:32am Jul 8, 2022 2:32am
gold just kiss and tested daily open level...
let's see what LONDON bOys will dance or rake it off...
"bad trades at times do happen even when the set up are good"
  • #297
  • Jul 8, 2022 2:34am Jul 8, 2022 2:34am
it's seems setting up a launch pad
let's wait a bit more before when can get into gold price action...
"bad trades at times do happen even when the set up are good"
  • #298
  • Jul 8, 2022 2:46am Jul 8, 2022 2:46am
Nice and lovely drop golddie
Now we have stretch price action....
Waiting for window to buy this time...
"bad trades at times do happen even when the set up are good"
  • #299
  • Jul 8, 2022 2:49am Jul 8, 2022 2:49am
Testing the water buy gold at 1734...
"bad trades at times do happen even when the set up are good"
  • #300
  • Jul 8, 2022 3:03am Jul 8, 2022 3:03am
Quoting spijack
Testing the water buy gold at 1734...
closed long scalp +$21...
waiting to test low...
"bad trades at times do happen even when the set up are good"
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