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Darkangels pips hunter

  • #1,601
  • Jun 17, 2021 2:14am Jun 17, 2021 2:14am
GbpUsd in wolf wave 4hr, SL close below 1,3968 on 4hr.

Start buying GU.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 17juni.png Size: 127 KB
Click to Enlarge Name: GU 30m.png Size: 128 KB
  • #1,602
  • Jun 17, 2021 2:44am Jun 17, 2021 2:44am
Quoting aeternum
{quote} Yes I also see: Buy Opportunities: EURGBP / EURJPY / EURUSD / GBPUSD / Gold Sell Opportunities: USDCAD / USDCHF / USDJPY Although I won't buy or sell it to kingdom come but retracement is likely at this stage.
At this stage, can't rule out a drop to 1795.
A 1 pip gain is better than a 1 pip loss.
  • #1,603
  • Jun 17, 2021 2:48am Jun 17, 2021 2:48am
Quoting aeternum
{quote} At this stage, can't rule out a drop to 1795.
Scalped another 24 pips from 1805.74. Bullish divergence forming. Will wait for confirmation.
A 1 pip gain is better than a 1 pip loss.
  • #1,604
  • Jun 17, 2021 3:07am Jun 17, 2021 3:07am
Quoting aeternum
{quote} Scalped another 24 pips from 1805.74. Bullish divergence forming. Will wait for confirmation.
Also took long from 1808, will lock SL to BE as soon as possible. Is 1840 target too optimistic?
  • #1,605
  • Jun 17, 2021 3:11am Jun 17, 2021 3:11am
Sometimes I think "this is a day to go fishing" - instead of following the market. Today is no such day. On the contrary. The Fed meeting yesterday was one such occasion where the Fed faltered in the messages, which creates an underlying concern in the market. This time of year is typically weak for the season. It is therefore important to see how the messages are received by the market. Typically, the Fed provides support to the market. Yesterday, several members indicated that they believe in interest rate increases earlier in time than has been said before, which means late 2023. For us, this is noise. The Fed is notoriously wrong in its forecasts and it is oceans of time until 2023. Yesterday's Fed meeting can therefore, and should, be forgotten in a week. But the interesting thing is not what they say but how the market reacts.

Yesterday's Fed meeting met an initial sharp decline in the stock markets and a rise in interest rates and the USD. This reaction was managed by the Fed chief Powell to ease somewhat during the press conference. In this type of event, the initial reactions can often be wrong so today's trading can be crucial to the long trend. Will the USD fall back today or not, that's the big question. Rising USD gives a falling stock market, and vice versa.
  • #1,606
  • Jun 17, 2021 3:15am Jun 17, 2021 3:15am
Quoting Loey
{quote} Also took long from 1808, will lock SL to BE as soon as possible. Is 1840 target too optimistic?
A bit yes, many new traders looking to short as soon as price move north.
  • #1,607
  • Jun 17, 2021 3:17am Jun 17, 2021 3:17am
Quoting darkangel13
Sometimes I think "this is a day to go fishing" - instead of following the market. Today is no such day. On the contrary. The Fed meeting yesterday was one such occasion where the Fed faltered in the messages, which creates an underlying concern in the market. This time of year is typically weak for the season. It is therefore important to see how the messages are received by the market. Typically, the Fed provides support to the market. Yesterday, several members indicated that they believe in interest rate increases earlier in time than has been...
But we will wait for your analysis
  • #1,608
  • Jun 17, 2021 3:21am Jun 17, 2021 3:21am
Quoting darkangel13
Sometimes I think "this is a day to go fishing" - instead of following the market. Today is no such day. On the contrary. The Fed meeting yesterday was one such occasion where the Fed faltered in the messages, which creates an underlying concern in the market. This time of year is typically weak for the season. It is therefore important to see how the messages are received by the market. Typically, the Fed provides support to the market. Yesterday, several members indicated that they believe in interest rate increases earlier in time than has been...

Thank you for your input. I initially also thought that the market kinda overreacted a bit, as what has changed was just the prediction, and not like the FED already raised rates. But, you have summed it well and easy enough for someone like me to decipher. After all, market would always be right.

Thank you very much indeed.
  • #1,609
  • Jun 17, 2021 3:22am Jun 17, 2021 3:22am
Quoting asalami23
{quote} But we will wait for your analysis
Haha, at this point I know as much as you do guys.
  • #1,610
  • Jun 17, 2021 3:27am Jun 17, 2021 3:27am
I watched bit of price movement pre Frankfurt and London. I think in order for gold to go up again it needs to close above 815/ 1816. Otherwise we have target at 1790/1788 for support. Lost my old chart but I think this is what I have in mind for my entry for now.
  • #1,611
  • Jun 17, 2021 3:47am Jun 17, 2021 3:47am
Quoting aeternum
{quote} At this stage, can't rule out a drop to 1795.
Also can't rule out EURUSD dropping to 1.19174/1.9189 (61.8 of the move from 1.17 to 1.2266) and also previous resistance level.

Bearish momentum in an uptrend currently but with multiple lower highs/lows and below 200EMA. Not a market you want to be buying into unless you are holding and have a bigger plan.

Right now there should only be 2 outcomes:

1) Consolidation with retracement and further downside
2) Continued downwards pressure into bullish reversal

But catching a falling knife isn't fun.
A 1 pip gain is better than a 1 pip loss.
  • #1,612
  • Jun 17, 2021 4:07am Jun 17, 2021 4:07am
Gold mini bar,
Attached Image (click to enlarge)
Click to Enlarge Name: gold 15 17juni.png Size: 111 KB
  • #1,613
  • Jun 17, 2021 4:08am Jun 17, 2021 4:08am
Quoting aeternum
{quote} Scalped another 24 pips from 1805.74. Bullish divergence forming. Will wait for confirmation.
Bullish divergence is there right now, still waiting for that confirmation. 4H candle closed pretty strongly below 1812 region which still shows bears are in control but we are still oversold. There may be a possibility of consolidation here I feel. Not ruling out the drop to retest previous resistance at 1795 region though.
A 1 pip gain is better than a 1 pip loss.
  • #1,614
  • Jun 17, 2021 4:18am Jun 17, 2021 4:18am
Quoting aeternum
{quote} Bullish divergence is there right now, still waiting for that confirmation. 4H candle closed pretty strongly below 1812 region which still shows bears are in control but we are still oversold. There may be a possibility of consolidation here I feel. Not ruling out the drop to retest previous resistance at 1795 region though.
Scalped another 20 pips from 1804.67. Bears are so strong right now. But I can sense the bulls fighting back.
A 1 pip gain is better than a 1 pip loss.
  • #1,615
  • Jun 17, 2021 5:47am Jun 17, 2021 5:47am
Quoting aeternum
{quote} Scalped another 20 pips from 1804.67. Bears are so strong right now. But I can sense the bulls fighting back.
I'm stepping in with a buy here at 1797.45. Expecting lowest to test will be around 1793. If we close beyond that, we may even see 1769.
A 1 pip gain is better than a 1 pip loss.
  • #1,616
  • Jun 17, 2021 7:11am Jun 17, 2021 7:11am
Quoting aeternum
{quote} I'm stepping in with a buy here at 1797.45. Expecting lowest to test will be around 1793. If we close beyond that, we may even see 1769.
Sadly the trade didn't work out. US session stepping in to further push on yesterday's news. Seems like today is not suitable for technical trading.
A 1 pip gain is better than a 1 pip loss.
  • #1,617
  • Jun 17, 2021 7:21am Jun 17, 2021 7:21am
GU should find support on 1,3930 area targeting 1,4020
Attached Image (click to enlarge)
Click to Enlarge Name: gu 30m 1.png Size: 124 KB
  • #1,618
  • Jun 17, 2021 7:35am Jun 17, 2021 7:35am
Gold reaching DSL support could create 123bullish daily.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold daily 17juni.png Size: 129 KB
  • #1,619
  • Jun 17, 2021 7:37am Jun 17, 2021 7:37am
Quoting darkangel13
Gold reaching DSL support could create 123bullish daily. {image}
Unemployment claims are higher than expected.... Should provide some support for Gold but thus far doesn't look like any support wants to stand in the way of that train.
A 1 pip gain is better than a 1 pip loss.
  • #1,620
  • Jun 17, 2021 8:01am Jun 17, 2021 8:01am
Quoting darkangel13
GU should find support on 1,3930 area targeting 1,4020 {image}
Bullish divergence failed .
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