Gold sell limit, above trend line liquidity and OB+
Edit:- stop hit
Edit:- stop hit
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Price Action Trading (PAT) - Amplifying Market Insights
- #341
- Edited 12:05pm Mar 17, 2023 11:52am | Edited 12:05pm
- Joined May 2021 | Status: Trader | 1,128 Posts
- #342
- Mar 17, 2023 12:31pm Mar 17, 2023 12:31pm
- Joined Oct 2009 | Status: Trader | 5,673 Posts
{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.
- #343
- Mar 17, 2023 12:44pm Mar 17, 2023 12:44pm
- Joined May 2020 | Status: Best trader ever to exist ever | 10,707 Posts
{quote} Waveski, why do you encourage people to bestow on us more rural wisdom? Please, give me the reason.
- #344
- Mar 17, 2023 12:52pm Mar 17, 2023 12:52pm
- Joined Aug 2010 | Status: absolute beginner | 5,464 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.
trading is like dancing, don't think and just listen to the music!
- #345
- Mar 17, 2023 12:53pm Mar 17, 2023 12:53pm
- Joined Feb 2022 | Status: Coyote | 3,634 Posts
{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...
rip and tear until it's done
- #346
- Mar 17, 2023 12:59pm Mar 17, 2023 12:59pm
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,555 Posts
{quote} GU Scalping update. {image}
End of scalping.
Life as day trader.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #347
- Mar 17, 2023 1:00pm Mar 17, 2023 1:00pm
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,555 Posts
{quote} EU Scalping position update {image}
End of scalping to target.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #348
- Mar 17, 2023 1:22pm Mar 17, 2023 1:22pm
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,555 Posts
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.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #349
- Mar 17, 2023 1:27pm Mar 17, 2023 1:27pm
- Joined May 2020 | Status: Best trader ever to exist ever | 10,707 Posts
GOLD Next week plan. Continuation trade. Wait for CHoCH and retest of BOS {image} {image}
- #350
- Mar 17, 2023 1:39pm Mar 17, 2023 1:39pm
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,555 Posts
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #351
- Mar 17, 2023 1:45pm Mar 17, 2023 1:45pm
- Joined May 2020 | Status: Best trader ever to exist ever | 10,707 Posts
{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...
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...
- #353
- Mar 17, 2023 2:01pm Mar 17, 2023 2:01pm
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,555 Posts
{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.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #354
- Mar 17, 2023 2:11pm Mar 17, 2023 2:11pm
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,555 Posts
{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.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #357
- Mar 18, 2023 3:58am Mar 18, 2023 3:58am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,707 Posts
{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
- #358
- Mar 18, 2023 4:10am Mar 18, 2023 4:10am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,707 Posts
{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)?
- #359
- Mar 18, 2023 8:22am Mar 18, 2023 8:22am
- Joined May 2021 | Status: Trader | 1,128 Posts
{quote} Just a quick one, why are you thinking about others SHORTING GOLD ....
{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?