dow, dax
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Auction Market Theory and Market Profile
- #9,961
- Edited 5:53pm Feb 9, 2020 5:35pm | Edited 5:53pm
- Joined Jan 2018 | Status: Trader | 17,298 Posts
Above 
You can see why the EUR x USD is the most liquidity currency by far.
Look how much is the impact on USD.
The gold is also very correlative with DXY indice.
And this days when the market is so volatile and breaking news basically all the time, trade war, brexit etc...
The big players, MMs, smart money whatever you wanna call they seenk for "save haves" like gold, jpy, Audi...
Why? because they want to take less risk when the market is more crazy then usually....
Or at least is what the most professional traders says and in my experience the explanation perhaps is not true but the markets usually coroborete this...
And when they "feel" the risk is "ok" the opposites is the scenario.
this would be a long discussion if we get into this but with this little brief I guess all buddys here can do their homework.
About gold and oil you also can use DXY analysis.
I preffer work on Gold specially when NY opens is a good time to keep an eye on it.
Gold could be very profitable but also a destruction or your bank roll so BE CAREFULLY with what you are going to do specially cause most retails traders have big spread in XAUUSD average of 1 pip = 10 points.
As I always say, if I am able to help feel free to reach me.
For those who are trading have a good week a lot of green pips and watch out with news.
PS: Look when futures contracts are changing on DXY because the liquidity is also changing so on this days be more careful.
Everyday the DXY is off for one hour, so if you are now get into do not worry about as Gold also is off 1h every day.
You can see why the EUR x USD is the most liquidity currency by far.
Look how much is the impact on USD.
The gold is also very correlative with DXY indice.
And this days when the market is so volatile and breaking news basically all the time, trade war, brexit etc...
The big players, MMs, smart money whatever you wanna call they seenk for "save haves" like gold, jpy, Audi...
Why? because they want to take less risk when the market is more crazy then usually....
Or at least is what the most professional traders says and in my experience the explanation perhaps is not true but the markets usually coroborete this...
And when they "feel" the risk is "ok" the opposites is the scenario.
this would be a long discussion if we get into this but with this little brief I guess all buddys here can do their homework.
About gold and oil you also can use DXY analysis.
I preffer work on Gold specially when NY opens is a good time to keep an eye on it.
Gold could be very profitable but also a destruction or your bank roll so BE CAREFULLY with what you are going to do specially cause most retails traders have big spread in XAUUSD average of 1 pip = 10 points.
As I always say, if I am able to help feel free to reach me.
For those who are trading have a good week a lot of green pips and watch out with news.
PS: Look when futures contracts are changing on DXY because the liquidity is also changing so on this days be more careful.
Everyday the DXY is off for one hour, so if you are now get into do not worry about as Gold also is off 1h every day.
- #9,964
- Feb 9, 2020 5:48pm Feb 9, 2020 5:48pm
- Joined Jan 2018 | Status: Trader | 17,298 Posts
{quote} Always on fire buddy happy for you
Daily goal achieved, ready for today
- #9,968
- Feb 10, 2020 1:47am Feb 10, 2020 1:47am
- | Commercial User | Joined Sep 2018 | 1,427 Posts
{quote} GJ sometimes makes huge slides
- #9,970
- Feb 10, 2020 2:47am Feb 10, 2020 2:47am
- | Commercial User | Joined Sep 2018 | 1,427 Posts
learn everyday never stop it
- #9,971
- Feb 10, 2020 4:47am Feb 10, 2020 4:47am
- | Commercial User | Joined Sep 2018 | 1,427 Posts
update real deal Double distribution trend day
