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  • #11,521
  • Jul 6, 2023 2:31pm Jul 6, 2023 2:31pm
Am off for now, waiting to technically analyze NFP by tomorrow..
Okechukwu Jacob.C.
  • #11,522
  • Jul 6, 2023 5:59pm Jul 6, 2023 5:59pm
Quoting Zebi
short 1910 gona leave my limit order in sl open for now tp 1902 but ill prolly lower that depending how fast price falls
finally moving... short anpother at 1910... i closed my sell limit order cause seems asia wants to retest that 15 min "bottom" and then bounce up so moved my TP to 1905 so im sure it closes me out and will short london unless im sleeping
short trump and go long the deepstate
  • #11,523
  • Jul 6, 2023 8:20pm Jul 6, 2023 8:20pm
Something we have to be aware of and watch out wisely is the fact tha ADP-NFP today was totally nuts.. and it doesn't make sense with the other data released (UnmplyClaims and Jolts). We will see an interesting development on London.. I might be wrong but tomorrows data could lead to an important pump, price rejecting downward move right now and 1900 zone getting harder to break .. remember, trade wise
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  • #11,524
  • Jul 6, 2023 8:30pm Jul 6, 2023 8:30pm
ADP numbers was revealed at 497K. Thats a good hint for todays NFP.

Possible upside to sell entry at 1917-1919 or a fakeout to 1922-1924. Before heading down.

* PS * Long entry is coming. Watchout zone 1886-1890. This is due to FOMC minutes meeting of a 25 bhp hike coming in july. That would be the bull run before sliding down after FOMC.

You may wish to follow, or not. It depends on you.
Trading is very lonely
  • #11,525
  • Jul 6, 2023 8:47pm Jul 6, 2023 8:47pm
h4: Price direction down like terraced fields.
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  • #11,526
  • Jul 6, 2023 8:58pm Jul 6, 2023 8:58pm
Quoting luckytujuh
ADP numbers was revealed at 497K. Thats a good hint for todays NFP. Possible upside to sell entry at 1917-1919 or a fakeout to 1922-1924. Before heading down. * PS * Long entry is coming. Watchout zone 1886-1890. This is due to FOMC minutes meeting of a 25 bhp hike coming in july. That would be the bull run before sliding down after FOMC. You may wish to follow, or not. It depends on you.
I think your analysis is right. ADP was correct last month as well. So i am expecting a higher number then the forecast today as well. As to the retracement, it is valid for current price standing. But if the price goes to 1905 in next couple of hours then 1915 is maximum price can retrace.
  • #11,527
  • Jul 6, 2023 9:04pm Jul 6, 2023 9:04pm
Quoting luckytujuh
ADP numbers was revealed at 497K. Thats a good hint for todays NFP. Possible upside to sell entry at 1917-1919 or a fakeout to 1922-1924. Before heading down. * PS * Long entry is coming. Watchout zone 1886-1890. This is due to FOMC minutes meeting of a 25 bhp hike coming in july. That would be the bull run before sliding down after FOMC. You may wish to follow, or not. It depends on you.
For me......As per hourly perspective price can retrace up to 1918 then drop down to 1886 maximum that become the scenario of hit 61.8% and push down to 161.8%. Of course negative economic data release for dollar can push gold high up to maximum 1938,1946 if 1918,1927 not create hurdle on the way.I may be wrong.Trade safe
  • #11,528
  • Jul 6, 2023 9:09pm Jul 6, 2023 9:09pm
Quoting parveenverma
{quote}For me......As per hourly perspective price can retrace up to 1918 then drop down to 1886 maximum that become the scenario of hit 61.8% and push down to 161.8%. Of course negative economic data release for dollar can push gold high up to maximum 1938,1946 if 1918,1927 not create hurdle on the way.I may be wrong.Trade safe
For small scalps if price cross above 1912.30 then we can target 1915,1917-18 and price cross below 1909.85 then we can target 1908,1906,1903.I may be wrong.Trade safe
  • #11,529
  • Jul 6, 2023 10:10pm Jul 6, 2023 10:10pm
Im looking for 1918 too for a setup if it's allow me
  • #11,530
  • Jul 6, 2023 10:12pm Jul 6, 2023 10:12pm
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Everything, what's meant to be will find its way
  • #11,531
  • Jul 6, 2023 10:16pm Jul 6, 2023 10:16pm
Quoting parveenverma
{quote} For small scalps if price cross above 1912.30 then we can target 1915,1917-18 and price cross below 1909.85 then we can target 1908,1906,1903.I may be wrong.Trade safe
1914.5 will send back to 1906-4.. what do you think
Everything, what's meant to be will find its way
  • #11,532
  • Jul 6, 2023 10:26pm Jul 6, 2023 10:26pm
Quoting Mohamed-Seit
{quote} 1914.5 will send back to 1906-4.. what do you think
I have untested levels in 1918 & 1924 area. Price has been spooled on 15M so I am expecting at least 1918 if broken then 1924 .If 1918 hold then price can reach 1886.Trade safe

Edit: You may be right because there is a liquidity level in 1915 area if market structure break below from there then price can drop to my below scalp targets.
  • #11,533
  • Jul 6, 2023 10:45pm Jul 6, 2023 10:45pm
Quoting luckytujuh
ADP numbers was revealed at 497K. Thats a good hint for todays NFP. Possible upside to sell entry at 1917-1919 or a fakeout to 1922-1924. Before heading down. * PS * Long entry is coming. Watchout zone 1886-1890. This is due to FOMC minutes meeting of a 25 bhp hike coming in july. That would be the bull run before sliding down after FOMC. You may wish to follow, or not. It depends on you.
You so sound like you are the mouth piece of the gods...
Okechukwu Jacob.C.
  • #11,534
  • Jul 6, 2023 10:56pm Jul 6, 2023 10:56pm
Quoting Mohamed-Seit
{image}
Have you not seen yesterday's ADP repoort? Even if they are wrong for 100k(which is unlikely) it will not be bullish.
  • #11,535
  • Jul 6, 2023 10:56pm Jul 6, 2023 10:56pm
Quoting AriusFX
Im looking for 1918 too for a setup if it's allow me
Yes .....I have double confirmation of sell from this area if it hold strongly. It is a 61.8% retracement level of Hourly and it is a source of an untested level.So this level can become a key level for any buy or sell entry today. If broken above then Bulls will take control and 1938,1947 possible and if hold then Bears in control to target 1886.Let's see.....Trade safe
  • #11,536
  • Jul 6, 2023 11:12pm Jul 6, 2023 11:12pm
Quoting jacobokey12
{quote} You so sound like you are the mouth piece of the gods...
Its just an analysis. Basically ADP is always a hint for NFP. 90% direction is bearish for NFP.
But do remember, that FOMC minutes happened a few days ago. And Powell as already stated why they hold the hike in June.
But already confirming that there will be a 25bhp in July. Thus you already know where its going.

So like i said just now. Judging by yesterday ADP report. I will gladly say, that sell entry will be retesting from 1917-1919.
Or maybe there will be mixed data later by NFP, so there might be a fakeout to take the sell entry at 1922-1924.

But end of the day, after the FOMC minutes. I can say there will be bull run from next week.
So chances wherever it drop todays. Thats your buy. So the chances of entry might be 1886 - 1890
Trading is very lonely
  • #11,537
  • Edited 11:40pm Jul 6, 2023 11:23pm | Edited 11:40pm
Quoting Pipsolengelo
{quote} Have you not seen yesterday's ADP repoort? Even if they are wrong for 100k(which is unlikely) it will not be bullish.
We will be facing 3 factors at the same time.. and as it happened yesterday the holly deep got stopped out after Jolts release. The good thing is that data release will be at same time. The bad thing is thad the whole mess could end with a beautiful red/green star on Daily chart, so sniper mode is the way to play.

Edit: It's my personal view and very personal way to play some scenarios. Right now i'm holding a buy at 1902, waited as a sniper and made my shot, and previous day I waited for a fakeout, missed the hike but shot a sell at 1928. Very risky procedures but I don't hold multiple positions.
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  • #11,538
  • Jul 6, 2023 11:28pm Jul 6, 2023 11:28pm
Quoting aahmad29
{quote} Sell limit @1912 got activated Sell 1912 TP 1903 Buy 1928 TP 1938 Buy 1918 TP 1928 Buy 1908 TP 1918 Sell Limit 1922 TP 1912 Sell limit 1932 TP 1922 Sell Limit 1942 TP 1932 Buy Limit 1898 TP 1908 Buy Limit 1888 TP 1898

Sell 1912 TP 1903
Buy 1928 TP 1938
Buy 1918 TP 1928
Buy 1908 TP 1918 (Closed Manually at 1915)

Sell Limit 1922 TP 1912
Sell limit 1932 TP 1922
Sell Limit 1942 TP 1932
Buy Limit 1898 TP 1908
***Buy Limit 1908 TP 1918
Buy Limit 1888 TP 1898
Love for all; Hatred for none.
  • #11,539
  • Jul 6, 2023 11:32pm Jul 6, 2023 11:32pm
Quoting aahmad29
{quote} Sell 1912 TP 1903 Buy 1928 TP 1938 Buy 1918 TP 1928 Buy 1908 TP 1918 (Closed Manually at 1915) Sell Limit 1922 TP 1912 Sell limit 1932 TP 1922 Sell Limit 1942 TP 1932 Buy Limit 1898 TP 1908 ***Buy Limit 1908 TP 1918 Buy Limit 1888 TP 1898
What's the SL for each of the trades
Okechukwu Jacob.C.
  • #11,540
  • Jul 7, 2023 12:12am Jul 7, 2023 12:12am
Quoting David-Roddel
{quote} We will be facing 3 factors at the same time.. and as it happened yesterday the holly deep got stopped out after Jolts release. The good thing is that data release will be at same time. The bad thing is thad the whole mess could end with a beautiful red/green star on Daily chart, so sniper mode is the way to play. Edit: It's my personal view and very personal way to play some scenarios. Right now i'm holding a buy at 1902, waited as a sniper and made my shot, and previous day I waited for a fakeout, missed the hike but shot a sell at 1928....
Yes but if the number is anywhere close to yesterday's then it will take precedence. Last month same thing happened. Price moved based on the NFP. But you are right, everyone should be careful.
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