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Real Trading

  • #10,661
  • Feb 27, 2022 9:18pm Feb 27, 2022 9:18pm
Quoting forkstrader
{quote} Can u pls be clear. Gold long or short? As per u and as per the news. I request everyone in this forum not to use "maybe" and give opinion on both sides of the trade
People give opinions. You make up your own mind. None of us here know for certain what the future holds, we have to make up our own minds too!
Tall tails tell tales.
  • #10,662
  • Feb 27, 2022 9:27pm Feb 27, 2022 9:27pm
Quoting pipsofacto
{quote} People give opinions. You make up your own mind. None of us here know for certain what the future holds, we have to make up our own minds too!
Yes Pat. It's true that one has to make up their mind before entering a trade. But if people say - maybe it will go up or maybe it will go down, it doesn't make any sense. Sorry my opinion maybe wrong or maybe right
  • #10,663
  • Feb 27, 2022 9:32pm Feb 27, 2022 9:32pm
Quoting forkstrader
{quote} Thanks for sharing. I will look for short setups on this pair..
it's early to go for short now on UJ, ....if it comes to 115.750-800 would be good for entry,
  • #10,664
  • Feb 27, 2022 9:33pm Feb 27, 2022 9:33pm
Quoting Jwh1435
{quote} Pat…. Question why did GU gap so much and how did you know it was gonna do that?
Hi JWH 1435.

I try to simplified this... as short as possible...
On your question, I have a two-pronged answer to it.

I start with the difficult one first.

First Approach
The Fundamentals in the Foreign Exchange Market Trading

From the last Fed meeting they had steered a more hawkish than expected approach.
This in turns contribute to risk aversion strategies.
And risk Assets Tumbled on Hawkish Fed
The reaction is when risky assets depreciated as the market reacted to hawkish monetary policy, politics, coronavirus upsurge, and poor economic data.

This year, foreign exchange market trading expects up to five rates hikes instead of three.
The Fed sentiments boosted the American dollar to close the week as the greatest gainer.
Sterling pound came in second.
Jerome Powell further signaled the end of the quantitative easing program in March.

In the view of the Fed, it will soon be necessary to revise the federal funds rate range starting in March.
Chair Powell did not rule out a rate hike of 50bps.

Reading from the last meeting, two scenarios emerged from the Fed’s meeting.
A less aggressive scenario would cause four hikes this year.
And a more aggressive scenario would cause five hikes.

Then we got , poor economic updates
Economic updates influenced foreign exchange market trading but could not shake off the shadows of the hawkish Fed monetary policies.
The G7 nations, including China, posted poor economic updates.

Also, the International Monetary Funds (IMF) downgraded global economic growth for 2022 to 4.4 percent from 5.9 percent.
The IMF warned that the skyrocketing inflation and omicron surge hinders the global economy in its quarterly update.

We are also having The Ukraine Crisis Heightened Risk Aversion
War started last week between Russia and Ukraine.
Russia views Ukraine’s entry to Nato as a threat to its security.
And unless the US and its allies address this threat, Russia insists it cannot withdraw from the Ukraine border.
This is going to be long term conflict/war. ( not going to be scalping war)


Looking at US Dollar Trading Analysis

Another week for the greenback in the green.
The dollar rallied 1.904 percent to 97.349 after previously gaining 6.49 percent.
The US dollar soared higher, boosted by rate hikes estimates and risk aversion.

In addition, rising global market volatility boosted its demand.
America’s economic updates had a muted impact on the US dollar trading analysis early in the week.
The US posted impressive economic data in the second half of the week.

The data supported Jerome’s view that the US economy could withstand rate hikes.
Initial weekly jobless claims fell to 260 thousand from 290 thousand.

GDP numbers also impressed.
The GDP grew by 6.9 percent in the fourth quarter, having expanded by 2.3 percent in the third quarter.
While inflation rose to 5.8 percent from 5.7 percent, personal spending reduced by 0.6 percent.
The sterling depreciated over the week because of the dollar’s robust performance.

Geopolitical tensions between Russia and Ukraine damaged the pound.
And closer to home, Prime Minister Boris Johnson’s political uncertainty further weakened the pound’s foreign exchange market trading.
Pound to dollar news shows Britain posted negative economic data, further weakening the cable. Service sector index declined to 53.3 from 53.6 and reduced to 56.9 from 57.9.
The declines lowered the overall composite to 53.4 from 53.6.

Because of the negative economic data, analysts questioned England’s Central Bank interest outlook.

Last week, Fed’s monetary policy drove foreign exchange market trading and primarily boosted the American dollar’s robust performance.


This week game plan (what to expect)

For the coming week, we expect these fundamentals along with others to drive the forex market;

Economic updates ( see news section)
Russia/Ukraine disputes

NOTE : BONES, do you want to add or amend anything to this. Thanks in advance


END of first session.



Then, we go to
Second approach, will be technical analysis…. I need to draw some chart ( may be later..)
This is easier ( everyone has chart) and can analyse using any system.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #10,665
  • Feb 27, 2022 9:53pm Feb 27, 2022 9:53pm
Quoting Pat Chiko
{quote} GN With double GAP today ( weekend gap and run away gap) Partial close to re-enter when price RT the SRF zone {image}{image}

GN

Closing all position.

Price stalling for last four hours.

Come back later for RT.



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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #10,666
  • Feb 27, 2022 9:57pm Feb 27, 2022 9:57pm
Quoting GilverTrader
Russia says it wants to buy Gold....since USA is at war against Russia...maybe they will want to tank the Gold price....food for thought...it's time for a hike too....hmmmm...are the stars aligning?

Gold price rallies may not have much lasting power in an environment defined by rising real interest rates; the Federal Reserve will start hiking rates in March.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #10,667
  • Feb 27, 2022 11:14pm Feb 27, 2022 11:14pm
Quoting Pat Chiko
{quote} EN One spike Closed all. Wait for gap to get filled then re-enter {image}
you are lucky

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  • #10,668
  • Feb 28, 2022 1:38am Feb 28, 2022 1:38am
Quoting Dingoman-two
{quote} "Trade the gap my friend"
"Now I will wait for the bulls to return"
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  • #10,669
  • Feb 28, 2022 2:13am Feb 28, 2022 2:13am
Gold short taken at 1899.6 Will swing this trade therefore have a big SL set at 1912.4.
Trade taken based of daily rejections and 1900 break to the downside.
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  • #10,670
  • Feb 28, 2022 2:15am Feb 28, 2022 2:15am
GJ small risk % was taken at 154.400 short.
London breakout setup.
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  • #10,671
  • Feb 28, 2022 2:29am Feb 28, 2022 2:29am
Quoting Pat Chiko
{quote} Hi JWH 1435. I try to simplified this... as short as possible... On your question, I have a two-pronged answer to it. I start with the difficult one first. First Approach The Fundamentals in the Foreign Exchange Market Trading From the last Fed meeting they had steered a more hawkish than expected approach. This in turns contribute to risk aversion strategies. And risk Assets Tumbled on Hawkish Fed The reaction is when risky assets depreciated as the market reacted to hawkish monetary policy, politics, coronavirus upsurge, and poor economic...
PAT thank you for that awesome analysis based on fundamentals and technical.
Really appreciate it!
  • #10,672
  • Feb 28, 2022 2:41am Feb 28, 2022 2:41am
BTCUSD SHORT. The stop is way large so I’d advise you use low Lot.


Good luck.
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My telegram: https://t.me/avidforex
  • #10,673
  • Feb 28, 2022 2:59am Feb 28, 2022 2:59am
CADCHF SHORT
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My telegram: https://t.me/avidforex
  • #10,674
  • Feb 28, 2022 3:08am Feb 28, 2022 3:08am
Quoting TrickorTrade
GJ small risk % was taken at 154.400 short. London breakout setup. {image}
SL hit. This setup is risky so risk management is key.
GJ like correcting previous move so might go up for a while. Will wait patiently now to short.
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  • #10,675
  • Feb 28, 2022 3:11am Feb 28, 2022 3:11am
Quoting TrickorTrade
Gold short taken at 1899.6 Will swing this trade therefore have a big SL set at 1912.4. Trade taken based of daily rejections and 1900 break to the downside. {image} {image}
SL updated to 1913.57
  • #10,676
  • Feb 28, 2022 3:35am Feb 28, 2022 3:35am
EURNZD SHORT
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My telegram: https://t.me/avidforex
  • #10,677
  • Feb 28, 2022 3:42am Feb 28, 2022 3:42am
Quoting Dingoman-two
{quote} "Now I will wait for the bulls to return" {image}{image}{image}
One possabilty folks
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  • #10,678
  • Feb 28, 2022 5:34am Feb 28, 2022 5:34am
Quoting Dingoman-two
{quote} One possabilty folks {image}
  • #10,679
  • Feb 28, 2022 6:31am Feb 28, 2022 6:31am
Quoting Wavegarrick
{quote} EurNzd bearish confirmation signals from a 4hr perspective and my yearly pivot at 1.6618 beckons, Cheers {image}
good job, now what is the direction ... thank you
  • #10,680
  • Feb 28, 2022 6:45am Feb 28, 2022 6:45am
Quoting Mr.Burger
{quote} GU, Break-event points and set my harvest target at 3300 for two new seeds {image}
GU, the journey's continues

Sell-stop over-shoot RN 3375

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