Gold

He remains hawkish, can see further hikes. Now with 2 months till next decision is allows more data to come in and see the next direction but in the current path still hawkish

Checking usdx situation, nothing any new! Limit up in this present leg intact so likely down towards previous bottom and more 97.44 arounds as next good support. So gold may to go above previous without much ranging down. Take care

____________ ATM I've 16 long pos. , my TP1 @1976 , SL =man., Not showin the dealer

_____________TP2 @ dont know yet

short 1972

tp 1965
tihght sl of 1975

today was uneventful...guess traders are more scared about boj and chinese intervention than they are powell lol

_______________how ppl can trade on a mobile is Beyond me 4sure ! - - - got_a_B sume demo__Freaks tabarnak

Good morning to all !! I wish everyone make good profit today.. all the best

got stopped out on my scalp earlier

goin to bed early today and still have these limit orders in

No body can predict the market.. anytime, anywhere can go against us....

We have only weapon to protect

"STOPLOSS"

doesnt mean 1000 pips away stoploss.. 10 to 100 pips stoploss is reasonable.

I learn this after all.. Lets move with the price direction... am also try to predict 100% accurately, its not possible.. nobody can say.. can predict 100%.. if they say.. nothing in impossible... they will quit or bankrupt soon.. if they mix the game of wolf of wall street (May be dont have money for trading finding investor) they will be die with guilty mindset or behind the bars soon.

i dont believe if anyone making money without stoploss.. whatever the money management they follow.. depends on their MM, market will wipe their account at least once few years.. that time.. when they calculate profit/loss, will be PROFIT = LOSS or INVESTMENT.

after all.. if you look behind, Turn over and spending strength will be same.. indirectly, you will think you are making huge. finally, you have nothing.. except knowledge. if failed then your time is waste..

This is not story.. this is real.. this is my life time experience.. may be you think.. you are safe trader.. NO YOU ARE NOT>> UNTIL YOU DONT USE STOPLOSS..

even if you see loss trades. that is real.. try hard to find the solution.. fix it.. if you dont know. stop trade. spend that money with your family. they will be happy or feed someone..

Please trade safe..

Stop Loss is risk 'R'

Position Sizing is the game with risk 'R'.

Attached Image (click to enlarge)

...

A Breakout of 1987.46 would give you an overbought price of 1995.05 Sweeping and old supply zone that sits @ (1992.953 - 1991.275) Alternatively to complete an AB-CD 1:1 would give a symmetrical high of 1997.07

This whole move could come off of a bullish impulse @1970.00 area

AKA.... Cup & Handle

If anyone else is seeing this probability?

Sell 1982 TP 1972
Sell 1973 TP 1963
Sell 1963 TP 1953
Sell 1952 TP 1942
Sell 1942 TP 1932
Sell 1932 TP 1923
Sell 1922 TP 1913
Sell 1912 TP 1903

Buy 1972 TP 1982 (Hit TP) ( After FOMC i added buy order)

Buy Limit 1918 TP 1928
Buy Limit 1922 TP 1932
Buy Limit 1932 TP 1942
Buy Limit 1942 TP 1952
Buy Limit 1952 TP 1962
Buy Limit 1972 TP 1982
Buy Limit 1962 TP 1972

Sell Limit 1982 TP 1952

Hi, does anyone know how the market will be after FOMC. need some advice.

Nice illustration and take profit tool!

Date 27-07-2023

Huge floating loss, hoping price falls to mid 60's so I can get out BE or minimal loss, should have got out when price hit 50's or 51 instead of holding out for 45 like a dumbass Man I ain't swing trading for a while after this, thought I had recovered off NFP only to be stuck again few weeks later. I was under the impression that the hike would boost DXY instead it tanked over Powells dovish stance over future hikes.

Understand his stance on taking it meeting by meeting but it doesn't necessarily say dovish does it? Man is prepared to raise if necessary he did stress on not bringing down rates and inflation would be present for at least another year? Did the market perceive it as dovish? Confused. Maybe I should learn to read between the lines next time he speaks. Anywaaaaay here's to hoping we have a drop to mid 60's today Maybe I should switch back to AUDUSD, markets were slow, volatility almost non existent but I had way more peace of mind than I do now trading gold.

Possible consolidation into a sideways pennant forming. Bullish pattern.