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Darkangels pips hunter

  • #921
  • May 28, 2021 3:40am May 28, 2021 3:40am
Quoting aeternum
{quote} Gold trading in a triangle pattern now and keeps bouncing against 1889 which is previous resistance turned support. I see 4H has cooled off the sells as well but daily still has potential for drop. Probably another leg up as you are looking at.
When I first started trading in 2007 I was careful and managed to convince myself that I earn a little because the capital was too little, in 2008 I increased the capital to 250k and thought I solved the problem, soon I will be a millionaire I thought.
2008 crash came after that and I lost everything, I could not even borrow to be able to live as I used to, I even had to move to my sister for a while.
It took me another 4 years to get started again and another few years until I turned the loss into a profit.
I had doubts about it all and that this is just a scam, why not with all the talk about how it is governed by banks and financial institutions.
Today I have good and own 2 companies with over 40 employees and learned how to handle the market, but it took time.
I fully understand your situation and all the stress that comes with it, but if you lower your expectations you will feel better. It does not help that you think about all the chances that you miss, the market will always offer new good opportunities.
Trading is about patience and deep pocket as well as a good trading method.
  • #922
  • May 28, 2021 3:43am May 28, 2021 3:43am
Quoting darkangel13
{quote} When I first started trading in 2007 I was careful and managed to convince myself that I earn a little because the capital was too little, in 2008 I increased the capital to 250k and thought I solved the problem, soon I will be a millionaire I thought. 2008 crash came after that and I lost everything, I could not even borrow to be able to live as I used to, I even had to move to my sister for a while. It took me another 4 years to get started again and another few years until I turned the loss into a profit. I had doubts about it all and...
Sorry I don't really understand what you're referring to.

I respect what you went through but I don't understand why you think I am stressed or have any expectations or think that I miss any chances.
A 1 pip gain is better than a 1 pip loss.
  • #923
  • May 28, 2021 3:46am May 28, 2021 3:46am
Quoting aeternum
{quote} Sorry I don't really understand what you're referring to. I respect what you went through but I don't understand why you think I am stressed or have any expectations or think that I miss any chances.
Sorry about that, that should be to another trader.
  • #924
  • May 28, 2021 3:47am May 28, 2021 3:47am
Quoting Glorybound
{quote} "...a strong army of cash standing by waiting to move into action." Having a very low equity is my problem. A lot of opportunities there - but when your trading capital is very low, you continue to struggle until help comes! Can someone here relate - you've been in my shoes?
When I first started trading in 2007 I was careful and managed to convince myself that I earn a little because the capital was too little, in 2008 I increased the capital to 250k and thought I solved the problem, soon I will be a millionaire I thought.
2008 crash came after that and I lost everything, I could not even borrow to be able to live as I used to, I even had to move to my sister for a while.
It took me another 4 years to get started again and another few years until I turned the loss into a profit.
I had doubts about it all and that this is just a scam, why not with all the talk about how it is governed by banks and finance institutions.
Today I have good and own 2 companies with over 40 employees and learned how to handle the market, but it took time.
I fully understand your situation and all the stress that comes with it, but if you lower your expectations you will feel better. It does not help that you think about all the chances that you miss, the market will always offer new good opportunities.
Trading is about patience and deep pocket as well as a good trading method.
  • #925
  • May 28, 2021 3:49am May 28, 2021 3:49am
Quoting darkangel13
{quote} Sorry about that, that should be to another trader.
No problem. I was just confused why that was quoted to my message.

Anyway to add on gold, If we don't break 1912, I'm expect a Daily retrace down to 1840-1845 region at minimum.

Based on fib retracements, the current move up has 38.2 retracement level at 1823. If price heads there and cools down, we have a potential to push up to 1950. If I were to estimate with elliot waves, I would say we are still missing a significant down move regardless here.
A 1 pip gain is better than a 1 pip loss.
  • #926
  • May 28, 2021 3:50am May 28, 2021 3:50am
Gold 123 bullish patter, a tiny one.
Attached Image(s) (click to enlarge)
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  • #927
  • May 28, 2021 3:54am May 28, 2021 3:54am
Quoting aeternum
{quote} No problem. I was just confused why that was quoted to my message. Anyway to add on gold, If we don't break 1912, I'm expect a Daily retrace down to 1840-1845 region at minimum. Based on fib retracements, the current move up has 38.2 retracement level at 1823. If price heads there and cools down, we have a potential to push up to 1950. If I were to estimate with elliot waves, I would say we are still missing a significant down move regardless here.
I totally agree, but first, let the price retrace and then hit it hard.
Attached Image (click to enlarge)
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  • #928
  • May 28, 2021 3:58am May 28, 2021 3:58am
I also see a retest on USDCHF 30 mins.

Price is unsure which way to go right now though.
Attached Image (click to enlarge)
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A 1 pip gain is better than a 1 pip loss.
  • #929
  • May 28, 2021 4:01am May 28, 2021 4:01am
Quoting darkangel13
{quote} I totally agree, but first, let the price retrace and then hit it hard. {image}
I see this on USDX 1H.

Price is being capped by resistance. If it manages to break down, we should see that meaningful push down for gold. Although USDJPY now looks pretty overbought, not sure how this will affect the way Gold moves.
Attached Image (click to enlarge)
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A 1 pip gain is better than a 1 pip loss.
  • #930
  • May 28, 2021 4:06am May 28, 2021 4:06am
Quoting darkangel13
We analyze the price and try to predict whats next, the analysis could be a little different depends on what time frame we are looking, take EU for example on 4hr we are looking to buy based on 123 bullish pattern and the 1,2160 support area while in daily we are looking to short it on 1,2260/80 resistance which can confuse many traders. Now that's what we see today and things could change rapidly if the market shows other signs. The same for Gold, we are buying now using D3 on wolf waves as support and 123 bullish pattern in 30m but we still looking...
Is this the line connecting Wolfe waves 1 and 4? studying. Difficult to draw. LOL

Attached Image (click to enlarge)
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GBPUSD is now on sale, as it didn't seem to exceed the top.
  • #931
  • May 28, 2021 4:08am May 28, 2021 4:08am
Quoting YumiYummy
Good day DA and everyone! Good luck Friday!!! I short EJ, GJ on the top of the month
I see a good potential sell on both EJ and GJ too. Both AJ and NJ have given us significant retracements except these two.

Furthermore EJ and GJ are both overbought on 4H and Daily.
A 1 pip gain is better than a 1 pip loss.
  • #932
  • May 28, 2021 4:13am May 28, 2021 4:13am
Quoting aeternum
I also see a retest on USDCHF 30 mins. Price is unsure which way to go right now though. {image}
UsdChf targeting 0,9020/47 area based on a bullish divergence on 4hr, the price could retrace now before resuming uptrend.
  • #933
  • May 28, 2021 4:18am May 28, 2021 4:18am
Quoting aeternum
{quote} I see a good potential sell on both EJ and GJ too. Both AJ and NJ have given us significant retracements except these two. Furthermore EJ and GJ are both overbought on 4H and Daily.
I agree, yet will wait until price does his thing. prefer to sell it when the tiny bullish divergence is done (targeting 156,07/16). close below 155,74 on 15m neglect this scenario.
  • #934
  • May 28, 2021 4:24am May 28, 2021 4:24am
Quoting darkangel13
{quote} When I first started trading in 2007 I was careful and managed to convince myself that I earn a little because the capital was too little, in 2008 I increased the capital to 250k and thought I solved the problem, soon I will be a millionaire I thought. 2008 crash came after that and I lost everything, I could not even borrow to be able to live as I used to, I even had to move to my sister for a while. It took me another 4 years to get started again and another few years until I turned the loss into a profit. I had doubts about it all and...
Yes, going through this wonderful lines of encouragement, I know immediately it's in response
to my post. Thanks a million, DA.
  • #935
  • May 28, 2021 4:27am May 28, 2021 4:27am
Quoting darkangel13
{quote} I agree, yet will wait until price does his thing. prefer to sell it when the tiny bullish divergence is done (targeting 156,07/16). close below 155,74 on 15m neglect this scenario.
I'm mainly a scalper so I just take the conditions as it is... But I'm learning to try to have holding trades although I hate swap fees.
A 1 pip gain is better than a 1 pip loss.
  • #936
  • May 28, 2021 4:29am May 28, 2021 4:29am
Quoting darkangel13
GbpUsd. The price 1n 123 bearish pattern as long price doesnt close above 1,4217 in H4. First support on 1,4184 and could push the price to retest 1,4217 area. {image}
123 bears may not be visible to me. Please help if you like
  • #937
  • May 28, 2021 4:31am May 28, 2021 4:31am
Quoting darkangel13
{quote} When I first started trading in 2007 I was careful and managed to convince myself that I earn a little because the capital was too little, in 2008 I increased the capital to 250k and thought I solved the problem, soon I will be a millionaire I thought. 2008 crash came after that and I lost everything, I could not even borrow to be able to live as I used to, I even had to move to my sister for a while. It took me another 4 years to get started again and another few years until I turned the loss into a profit. I had doubts about it all and...
Good of you DA. Sharing your experiences is quite encouraging to people like me.
I started well but over trading, greed and impatience were part of the 'school fees'
I had to pay!
  • #938
  • May 28, 2021 4:36am May 28, 2021 4:36am
Is like OIL is stubbornly going up up!
  • #939
  • May 28, 2021 4:39am May 28, 2021 4:39am
Quoting upa77
{quote} 123 bears may not be visible to me. Please help if you like
Wait for price to retrace first into 1,42 area, then look to sell, traders with deep pocket reposition themselves but not retail with small capital as they need to reduce the risk as much as possible.

And if you miss the trade, so what its Friday, and we will enjoy the weekend.
  • #940
  • May 28, 2021 4:41am May 28, 2021 4:41am
DA should i buy gold? Help me
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