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The Swamp

  • #105,401
  • Nov 4, 2022 7:11am Nov 4, 2022 7:11am
Quoting TwFXtrader
is there a reason why gold is up I bought in a shit ton when it hit 1616-1618 probably the most perfect trade i made in my entire life I won't be surprised if it sells off again in the next few hours
NFP pump. A pump is usually followed by a dump.
those who can, do. those who cant, talk about those who can
  • #105,402
  • Nov 4, 2022 7:17am Nov 4, 2022 7:17am
Inserted Video
those who can, do. those who cant, talk about those who can
  • #105,403
  • Nov 4, 2022 7:23am Nov 4, 2022 7:23am
Quoting gatorinla
https://www.youtube.com/watch?v=9jK-NcRmVcw
could be multiple meanings in Europe The Final Countdown
  • #105,404
  • Nov 4, 2022 7:29am Nov 4, 2022 7:29am
Quoting gatorinla
{quote} NFP pump. A pump is usually followed by a dump.
hm ok good to be aware right now ty
  • #105,405
  • Nov 4, 2022 8:01am Nov 4, 2022 8:01am
.9876.5 close side is my bias.. .9866x may find some R. Gold is above 1647.75 that's a bullish side bias, The 12h was truthful. If its lost, bias turns bearish to me.
those who can, do. those who cant, talk about those who can
  • #105,406
  • Nov 4, 2022 9:15am Nov 4, 2022 9:15am
Quoting gatorinla
.9876.5 close side is my bias.. .9866x may find some R. Gold is above 1647.75 that's a bullish side bias, The 12h was truthful. If its lost, bias turns bearish to me.
eu, gold and usdx are showing a bearish usd bias. Not a good sign for usd bulls.
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those who can, do. those who cant, talk about those who can
  • #105,407
  • Nov 4, 2022 9:16am Nov 4, 2022 9:16am
man idk where this gold is going ....
  • #105,408
  • Nov 4, 2022 10:36am Nov 4, 2022 10:36am
Quoting TwFXtrader
man idk where this gold is going ....
for me its just completed an upward fib level...
  • #105,409
  • Nov 4, 2022 12:01pm Nov 4, 2022 12:01pm
Hello everyone, haven't been here for a young minute. Thanks to Gator and fellow contributors.
Jumping right off with this setup. This trade Idea is for next week but we currently have the first contact and activation today.

Let's see how it pans out.

Feels good to be back

Cheers
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  • #105,410
  • Nov 4, 2022 12:29pm Nov 4, 2022 12:29pm
Quoting TwFXtrader
man idk where this gold is going ....
If you want to try 1676.xx with a 1$ stop.. this may be the short spot. But you need it below 1647.75 later.
ATM high 1675.44. Sometimes a MOFU will eject at the exact point. This is not a true MOFU. its an anticipated one.
Take your pick.. 1770 or 1557 next. 1663.81 in the middle
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those who can, do. those who cant, talk about those who can
  • #105,411
  • Nov 4, 2022 12:57pm Nov 4, 2022 12:57pm
The usd trades against the euro more than any other. The usdx is on the bear side, while the eu is on the bull side. Mostly USD weakness today.
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those who can, do. those who cant, talk about those who can
  • #105,412
  • Nov 4, 2022 1:25pm Nov 4, 2022 1:25pm
Quoting gatorinla
{quote} Not me... You need buyers. Sellers taking profit is a false flag. But it was expected. Its will be hard for gold to rise. The next leg for large players to hold some gold is likely 1557/slip That's the next major algo. Or its a likely trade to long. Once it finds support sometime after 1557.xx. Its all about food inflation. There will be less gold needed as people spend more on food. The entire world is spending more on food. Ukraine, global warming, droughts, Mississippi low levels and floods in other agriculture areas are lowering gold...
I understand the fundamentals favor the bears.... but I work for an investment bank as an senior research analyst hence I may have more information than majority of retail traders and that’s why I gave the heads up yesterday concerning the 1619 level since I observed that most traders here were biased towards shorting gold while I had information that most of those short positions would be taken out. I was only trying to help out. Gold is probably heading to 1720 as I put it yesterday and I guess most folks who listened to me will be smiling all the way to the bank.
  • #105,413
  • Nov 4, 2022 1:36pm Nov 4, 2022 1:36pm
Quoting gatorinla
{quote} If you want to try 1676.xx with a 1$ stop.. this may be the short spot. But you need it below 1647.75 later. ATM high 1675.44. Sometimes a MOFU will eject at the exact point. This is not a true MOFU. its an anticipated one. Take your pick.. 1770 or 1557 next. 1663.81 in the middle {image}
I wasted the 1$..
those who can, do. those who cant, talk about those who can
  • #105,414
  • Nov 4, 2022 2:26pm Nov 4, 2022 2:26pm
Quoting Sankara001
{quote} I understand the fundamentals favor the bears.... but I work for an investment bank as an senior research analyst hence I may have more information than majority of retail traders and that’s why I gave the heads up yesterday concerning the 1619 level since I observed that most traders here were biased towards shorting gold while I had information that most of those short positions would be taken out. I was only trying to help out. Gold is probably heading to 1720 as I put it yesterday and I guess most folks who listened to me will be smiling...
That big bullish wedge should help your 1720. I wanna see what happens at 1685.4. Its above the upper wedge tl. Glad to see a banker here. When the month closed below 1671.9 that seemed bearish to me. So lets see if 1685.4 pushes it back down. Below it for now. Its close, so its coming or breaking out. I had anticipated some NFP pump to 1646.x. But didnt expect this high. Closing above 1671.9 today. Will impress me. Since its above now, and 1647.75. I need to respect it. At least till it shows different.
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those who can, do. those who cant, talk about those who can
  • #105,415
  • Nov 4, 2022 2:40pm Nov 4, 2022 2:40pm
Quoting TwFXtrader
man idk where this gold is going ....
The weather man dont know when it will rain. A college degree and many with decades of experience. Wont make anyone right all the time. Its all about the probable's. Cut losses early when wrong. When right, let it run. Never overleverage. You can be right and loss money .
those who can, do. those who cant, talk about those who can
  • #105,416
  • Nov 6, 2022 2:38pm Nov 6, 2022 2:38pm
gap down atm
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  • #105,417
  • Nov 6, 2022 2:40pm Nov 6, 2022 2:40pm
Quoting gatorinla
.9876.5 close side is my bias.. .9866x may find some R. Gold is above 1647.75 that's a bullish side bias, The 12h was truthful. If its lost, bias turns bearish to me.
Will eu gap open below .9876? Probably not.. but its not bullish above .9876.5
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those who can, do. those who cant, talk about those who can
  • #105,418
  • Nov 6, 2022 2:45pm Nov 6, 2022 2:45pm
Quoting Boulder
gap down atm {image}
probably because of China news.. what ran up on the news last Friday, now the china news is
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  • #105,419
  • Nov 6, 2022 3:07pm Nov 6, 2022 3:07pm
EU is looking like a 50+ gap down.
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those who can, do. those who cant, talk about those who can
  • #105,420
  • Nov 6, 2022 3:09pm Nov 6, 2022 3:09pm
Ig markets opened at 0.9902 managed to close my shorts
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