is gold can crash ( 500 to 1000 pips ), i will watch next Thur - Fri ( nofor 2 day )
...
just for a cup of coffee...
- #33,601
- Oct 26, 2019 4:32am Oct 26, 2019 4:32am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
- #33,602
- Oct 26, 2019 4:36am Oct 26, 2019 4:36am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
- #33,603
- Oct 26, 2019 4:38am Oct 26, 2019 4:38am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
no IHS, batman, UFO, Hammer patterns on gold chart. If you stare at the chart long enough, you start seeing things. 
- #33,604
- Oct 26, 2019 4:38am Oct 26, 2019 4:38am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
on gold: I'm not playing this range game, my gameplan (posted in MetalsMine) - only interested in buying low and selling high, range games - not playing them. {image}
gold still in range
possible fomc will show or break the direction
️
just for a cup of coffee...
- #33,605
- Oct 26, 2019 4:39am Oct 26, 2019 4:39am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
no IHS, batman, UFO, Hammer patterns on gold chart. If you stare at the chart long enough, you start seeing things.
just for a cup of coffee...
- #33,606
- Oct 26, 2019 4:41am Oct 26, 2019 4:41am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
{quote} yes bud.. gold still in range possible fomc will show or break the direction
Gold drivers are mainly Brex and US/China stuff, both will drag on for ages, so we stay in this range for a while.
FOMC might trigger range highs/lows though and produce a nice entry for TP at the opposite end.
Here's a note from Danske on FOMC. This is not a guidance meeting (dot-plot). They will cut and won't provide any forward guidance on rates.
Danske Research discusses its expectations around next week's FOMC October policy meeting.
"We expect the Federal Reserve to cut rates again by 25bp when it meets next week. While economists are evenly divided between those expecting a cut and those expecting the Fed to remain on hold,investors have nearly fully priced in a cut...It is one of the interim meetings so the Fed will not publish updated projections (hence, no new dot plot).
Focus will be on the statement and the press conference following. We do not expect major changes to the statement but it was interesting that the FOMC members discussed whether to include some forward guidance on when to expect the Fed to end rate cuts for insurance reasons. We expect the Fed to keep the sentence that it ‘will act as appropriate to sustain the expansion’, i.e. easing bias without pre-commitment," Danske projects.
"Lack of pre-commitment to send EUR/USD lower. We look for a market reaction in EUR/USD to be similar to that of the September meeting, i.e. for EUR/USD to drop as the Fed once again fails to pre-commit to additional rate cuts – the potential is probably in the area of 50 pips. However, the market was a bit more aggressively priced at that point, so the reaction should be less pronounced," Danske adds.
- #33,607
- Oct 26, 2019 5:03am Oct 26, 2019 5:03am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
from my 2 cent opinion at gold..
from weekly tF usually price will come back to test around that small bears below..
that why i still keep my shorts from 1553 level
but don’t trust too much market play..sometimes its can trick us as always..
when we look at monthly tF..
we can saw bear setup in process at monthly tF but also need to watch what bulls left behind at upper price..
small bulls same like small bear at below,so we are at the middle play..
so always thinks and take for both side of thinking..
if bears setup at monthly fail(close in red),so price possible shoot higher and that small bulls is next target..
for example can watch what happen yesterday from H4 bear and target..same play as always..
i’m not a good in drawing
also might be wrong too
️
from weekly tF usually price will come back to test around that small bears below..
that why i still keep my shorts from 1553 level
but don’t trust too much market play..sometimes its can trick us as always..
when we look at monthly tF..
we can saw bear setup in process at monthly tF but also need to watch what bulls left behind at upper price..
small bulls same like small bear at below,so we are at the middle play..
so always thinks and take for both side of thinking..
if bears setup at monthly fail(close in red),so price possible shoot higher and that small bulls is next target..
for example can watch what happen yesterday from H4 bear and target..same play as always..
i’m not a good in drawing
also might be wrong too
️ 
just for a cup of coffee...
- #33,608
- Oct 26, 2019 5:07am Oct 26, 2019 5:07am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
here's an option for hardcore gold bears. It's possible, so have to keep an open mind. 
- #33,609
- Oct 26, 2019 5:15am Oct 26, 2019 5:15am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
- #33,610
- Oct 26, 2019 5:19am Oct 26, 2019 5:19am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
- #33,611
- Oct 26, 2019 5:25am Oct 26, 2019 5:25am
- Joined Nov 2018 | Status: Trader | 4,643 Posts
ex nihilo
- #33,612
- Oct 26, 2019 5:26am Oct 26, 2019 5:26am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
btw. did you guys see the insane move in the bitchcoin? 3K move overnight. {image}
but i did catch the big up move and drop before stop trading its..
only focusing at forex pairs and metal
️ just for a cup of coffee...
- #33,613
- Oct 26, 2019 5:27am Oct 26, 2019 5:27am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
- #33,614
- Oct 26, 2019 5:28am Oct 26, 2019 5:28am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
Anyone trade CADJPY went short Friday kind of looks risky
from my methods..
at uCad daily we can saw a bear setup in play..
️ just for a cup of coffee...
- #33,616
- Oct 26, 2019 5:29am Oct 26, 2019 5:29am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
{quote} long time not trades or watch bitcoins.. but i did catch the big up move and drop before stop trading its.. only focusing at forex pairs and metal
now it's
.
- #33,617
- Oct 26, 2019 5:30am Oct 26, 2019 5:30am
- Joined Nov 2018 | Status: Trader | 4,643 Posts
{quote} true. crypto is dead in 2019, I hear you. I used to play the PND game in Doge coin, was good a few years ago.
ex nihilo
- #33,618
- Oct 26, 2019 5:32am Oct 26, 2019 5:32am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
hi...If ASIC regulated brokers have leverage cap at 1:20 / 30, would you stay or move to other broker with higher leverage? I am currently with Pepperstone but looking for other alternative.. Any experience with Tickmill or XM?
️ just for a cup of coffee...
- #33,619
- Oct 26, 2019 5:36am Oct 26, 2019 5:36am
- Joined Nov 2018 | Status: Trader | 4,643 Posts
{quote} Cad i wait at rate decision next week to catch some from my methods.. at uCad daily we can saw a bear setup in play..
ex nihilo
- #33,620
- Oct 26, 2019 5:58am Oct 26, 2019 5:58am
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever