Gold sell limit, above trend line liquidity and OB+
Edit:- stop hit
Edit:- stop hit
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- Joined Oct 2009 | Status: Member | 2,700 Posts | Online Now
{quote} ..but this only YOUR opinion, nothing else, why should anyone else believe what you say (please give me an answer), you need to realise that just because you believe in something doesn't make it true, look at all the religions that have been around 3000 of them all thinking that theirs is right ( just using religion as an example not preaching), so please give us a reason why we should believe you....many thanks...
Always trade your own plan...I don't provide trading signals.
- Joined May 2020 | Status: Best trader ever to have lived 4.0 | 5,300 Posts | Online Now
{quote} Waveski, why do you encourage people to bestow on us more rural wisdom? Please, give me the reason.
Soon To Be Temporarily Suspended Again
- Joined Aug 2010 | Status: GU only | 3,728 Posts
{quote} Bored and I don't like the guy ....sorry
but then he talks nonsense like a preacher and, like his last contribution, is arrogant...and that's too much for me.
as i said, some things make sense, but as a human being he's too cerebral and complicated.
I know that you and I know nothing...and don't think!
{quote} ..but this only YOUR opinion, nothing else, why should anyone else believe what you say (please give me an answer), you need to realise that just because you believe in something doesn't make it true, look at all the religions that have been around 3000 of them all thinking that theirs is right ( just using religion as an example not preaching), so please give us a reason why we should believe you....many thanks...
I don't wanna go to no dance unless I can rub some tit
- Joined Dec 2008 | Status: Newbie | 11,951 Posts | Online Now
{quote} GU Scalping update. {image}
End of scalping.
Life as day trader.
I come from the future.
- Joined Dec 2008 | Status: Newbie | 11,951 Posts | Online Now
{quote} EU Scalping position update {image}
End of scalping to target.
I come from the future.
- Joined Dec 2008 | Status: Newbie | 11,951 Posts | Online Now
GOLD
Next week plan.
Continuation trade.
Wait for CHoCH and retest of BOS
Next week plan.
Continuation trade.
Wait for CHoCH and retest of BOS
I come from the future.
- Joined May 2020 | Status: Best trader ever to have lived 4.0 | 5,300 Posts | Online Now
GOLD Next week plan. Continuation trade. Wait for CHoCH and retest of BOS {image} {image}
Soon To Be Temporarily Suspended Again
- Joined May 2020 | Status: Best trader ever to have lived 4.0 | 5,300 Posts | Online Now
{quote} GOLD tricky for next week as we got FOMC. If the pull back on straight line ,it will go to the imbalance area, with 5 mini wave. If Gold is strong, it may turn as ABC pattern and continue higher. Thus two alternative to take, just need to be extra careful. {image}
or die trying...
Soon To Be Temporarily Suspended Again
GOLD Next week plan. Continuation trade. Wait for CHoCH and retest of BOS {image} {image}
Gold really interesting, also chasing it, found interesting level between some weekly diagonal line maybe like retest and 61 fibo extension,
but here is a trick any speculation about any serious crisis or or some situation about nuclear war, something unpredictable and it could fly to the moon...
- Joined Dec 2008 | Status: Newbie | 11,951 Posts | Online Now
{quote} Cheers Buddy, will SHORT £1 everyday until I average out in profit ...
Gold is widely considered to be a risk-on asset and investment.
Given the current instability in the US banking sector, currency traders have shifted towards risk-on trades.
Along with cryptocurrencies, gold has become an attractive investment option until the US can stabilize its economy and interest rates.
However, the upcoming week is expected to bring significant volatility to the gold market due to the FOMC meeting and the Fed Fund Rates announcement.
Most retailer trading gold on speculative purpose, as gold are being a passive asset class
Gold is oversold so reatail trader going out on a limb to pick gold as the "risk off" investment.
Noted that Foreign buyers have been keeping T-bill treasuries low but once taper begins look out.
Watch out for FED surprise annoucement....
I come from the future.
- Joined Dec 2008 | Status: Newbie | 11,951 Posts | Online Now
{quote} Evening Chiko, Gold really interesting, also chasing it, found interesting level between some weekly diagonal line maybe like retest and 61 fibo extension, but here is a trick any speculation about any serious crisis or or some situation about nuclear war, something unpredictable and it could fly to the moon...
What motivates a shift from a risk-off asset such as gold to a risk-on asset like BTC?
While it is understandable to trade or hold BTC as a speculative investment, the rationale behind such a move is not always clear.
For instance, when Russia invaded, BTC prices dropped, while the traditional safe-haven asset, gold, saw a surge in prices.
It is important to note that while BTC may offer potentially higher returns, it also carries a higher level of risk compared to established safe-haven assets like gold.
Indeed, market behavior is becoming increasingly dynamic, with investors responding rapidly to changes.
Recently, after a brief dip, BTC saw a significant uptick in investor interest, while gold lost some of its appeal.
This shift in investment patterns mirrors the growing popularity of cryptocurrencies and the rise of crypto holdings.
It is worth noting that while gold can be used in the production of computer components, its use in this area is relatively small compared to its application as a safe-haven asset.
As a day trader, one might have placed a small bet on gold for the sole purpose of making a quick profit, rather than as a long-term wealth preservation strategy. Similarly, new BTC holders may have sold their holdings out of fear, leading to a temporary drop in prices.
However, seasoned BTC holders recognized the dip as an opportunity and quickly bought in, leading to a surge in prices.
It is important to note that while day trading and short-term investments may yield immediate gains, they also come with a higher level of risk and volatility.
I come from the future.
- Joined May 2020 | Status: Best trader ever to have lived 4.0 | 5,300 Posts | Online Now
{quote} ..but this only YOUR opinion, nothing else, why should anyone else believe what you say (please give me an answer), you need to realise that just because you believe in something doesn't make it true, look at all the religions that have been around 3000 of them all thinking that theirs is right ( just using religion as an example not preaching), so please give us a reason why we should believe you....many thanks...
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https://assets.faireconomy.media/nfs...r1028685_3.gif PeterCaleb
Re your reply
- Mar 18, 2023 6:37am
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It's simple. I come from the real world not some dinky website of knowledge. So 40yrs of being in the real world to back me up in saying this. If you do not posses the ability to do independent objective research then I cannot help you. Keep on believing data is king. I'm not like the "people" on these sites. So I see no reason in 'ranting' as the children like to call it. So no opinion, hard boiled real life. Now you can report back to your mates.
Peter
Yours Waveskie from outer space
Soon To Be Temporarily Suspended Again
- Joined May 2020 | Status: Best trader ever to have lived 4.0 | 5,300 Posts | Online Now
{quote} Did you even see what was given to you? https://www.forexfactory.com/thread/...1#post14356651 Just thinking how many blew up shorting gold yesterday (Friday)?
Soon To Be Temporarily Suspended Again
- Joined May 2021 | Status: Member | 587 Posts
{quote} Just a quick one, why are you thinking about others SHORTING GOLD ....
- | Joined Jul 2021 | Status: Member | 311 Posts
{quote} Just a quick one, why are you thinking about others SHORTING GOLD ....
Secondly, most would have, being the nature of the herd.
Thirdly, the stats would be interesting to see.
And wouldn't it be great if 95% went long?