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  • #13,661
  • Jul 26, 2023 11:12pm Jul 26, 2023 11:12pm
Need some guidance from the seniors...trend? key levels?
  • #13,662
  • Jul 26, 2023 11:14pm Jul 26, 2023 11:14pm
Quoting saisadhan
Hi, does anyone know how the market will be after FOMC. need some advice.
Thanks a lot.
It seems to work correctly!
  • #13,663
  • Jul 26, 2023 11:17pm Jul 26, 2023 11:17pm
XAUUSD H4 Range (my expectation for today/tomorrow)
1990 1961 1940
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  • #13,664
  • Jul 26, 2023 11:31pm Jul 26, 2023 11:31pm
Quoting Isabella_D
XAUUSD H4 Range (my expectation for today/tomorrow) 1990 1961 1940 {image}
Hello! thanks for your analysis
Are you sure the support level is 1976?
  • #13,665
  • Edited 11:50pm Jul 26, 2023 11:33pm | Edited 11:50pm
Quoting pedro319
H4 bfly. {image}
It worked very well!
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We watch the charts from every angle so you don't have to!!
  • #13,666
  • Jul 26, 2023 11:48pm Jul 26, 2023 11:48pm
Quoting mastersplint
{quote} 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
He tried to look hawkish but wasn't. He kept emphasizing on data. The market got the point what it is just a statement. This is why market has responded bullish. Soft landing on cards and there is also a chance of rate cut this year according to many pundits. But i think first rate cut will be early next year.
  • #13,667
  • Jul 27, 2023 12:00am Jul 27, 2023 12:00am
Quoting Mqlcreator
{quote} Hello! thanks for your analysis Are you sure the support level is 1976?
Hello,
thanks for interest. see above: 1990, 1961, 1940
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  • #13,668
  • Jul 27, 2023 12:01am Jul 27, 2023 12:01am
Quoting d1zzy
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...
I understood it also as hawkish, especially the part of NOT bringing down rates THIS year !!!
  • #13,669
  • Jul 27, 2023 12:05am Jul 27, 2023 12:05am
Quoting d1zzy
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...
That's really sad to know. I would advise you to use stop losses especially when you are trading gold. Although anything can happen, but i don't see price going down beyond 1970 in short term.
Powell's stance may not be purely dovish but traders have taken it dovish anyway. Reasons are many: firstly the interest rate is already all time high, then data is also coming positive. Then there is still a risk of banking crisis. adding to that if Fed increases rate one more time then there is risk of mild recession as well. All these points lead to only one expectation i.e. THIS IS THE LAST RATE HIKE.
Therefore market is responding accordingly. Powell did kept on saying that we go meeting by meeting and we will see the data and then decide but they were merely statements.
  • #13,670
  • Jul 27, 2023 12:47am Jul 27, 2023 12:47am
Quoting saisadhan
Hi, does anyone know how the market will be after FOMC. need some advice.
Nobody knows as market makers hates when retail gets it right, my daily TF two cents on XU...more pips y'all
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  • #13,671
  • Jul 27, 2023 12:50am Jul 27, 2023 12:50am
XAUUSD is very volatile hold position overnight and expecting the price to move as per your market bias is risky strategy. As gold get effected by every economic and political event best is to to be just day trader take profit/loss and call it a day . You can try make 50/100 pips as day trader that's will be sufficient. Keep stop loss for every trade buy at support and sell resistance
Just need to be consistent every day of the week once you achieve that you will never look back .
All the best
  • #13,672
  • Jul 27, 2023 12:50am Jul 27, 2023 12:50am
I believe we are still bearish asf on Gold. However after recent price action on the Daily I can warrant a run higher to turtle soup the monthly rejection block then be a bear from there.
  • #13,673
  • Jul 27, 2023 12:52am Jul 27, 2023 12:52am
For D1zzy
  • #13,674
  • Jul 27, 2023 1:01am Jul 27, 2023 1:01am
Quoting T721
{quote} Still sticking to the plan so far. All positions i had where upside down and the best position i got was @1956.70, even that was upside down for a bit. Sometimes being a Swing Trader can be frustrating but price is behaving so far. Dont follow me as FOMC could fuckthisup tomorrow {image}
Still sticking to the plan so far, BUT be careful if following as NEWS could break the top. Anyway just got out of my longs. Take Care Guys
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  • #13,675
  • Jul 27, 2023 1:20am Jul 27, 2023 1:20am
Quoting T721
{quote} Still sticking to the plan so far, BUT be careful if following as NEWS could break the top. Anyway just got out of my longs. Take Care Guys {image}
please dont confirm.. show me why you sticking your plan.. or share your hint by words. i can understand..
Everything, what's meant to be will find its way
  • #13,676
  • Jul 27, 2023 1:24am Jul 27, 2023 1:24am
Quoting Mohamed-Seit
{quote} please dont confirm.. show me why you sticking your plan.. or share your hint by words. i can understand..
Sorry Mohamed, not sure what you mean. I still expect lower to red circle But it doesnt mean it will happen. I just have to manage my risk or use some of the profits i made on the long side for the downside move. PS i am not short yet, i need PA to confirm for me and it hasnt yet. But even if the downside happens i might miss it if it goes fast as i dont chase price. I got decent profits long side and wanna keep em

PS, i am doing a zoom session tonight withhttps://assets.faireconomy.media/nfs...r1057441_6.gif boodvah and Scotteyy if you want to join send me dm. Its gonna be around 7pm UK ish
  • #13,677
  • Jul 27, 2023 1:47am Jul 27, 2023 1:47am
Quoting T721
{quote} Sorry Mohamed, not sure what you mean. I still expect lower to red circle But it doesnt mean it will happen. I just have to manage my risk or use some of the profits i made on the long side for the downside move. PS i am not short yet, i need PA to confirm for me and it hasnt yet. But even if the downside happens i might miss it if it goes fast as i dont chase price. I got decent profits long side and wanna keep em PS, i am doing a zoom session tonight withhttps://assets.faireconomy.media/nfs...r1057441_6.gif...
ok. i will join.. send me the link on message.. i want to increase the contact networks..
Everything, what's meant to be will find its way
  • #13,678
  • Jul 27, 2023 1:50am Jul 27, 2023 1:50am
H4 ichi, WPP, TL
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imo, 76-79th is a quite strong area (look at the left (!)) .., and price will be around here for a while
and I do expect DPP (Classic) 1970.68 to be printed and probably "news spike" 1964.94 to be filled first
and we have "missing" DPP (Classic) 1960.48 from yesterday

P.S. besides this asian gave us H4 inside bar (my broker's H4 chart) with H&L: 77.90-70.74
dolce vita
  • #13,679
  • Jul 27, 2023 1:54am Jul 27, 2023 1:54am
Quoting Mohamed-Seit
{quote} ok. i will join.. send me the link on message.. i want to increase the contact networks..
Yet he blocked a load of people yesterday
  • #13,680
  • Jul 27, 2023 1:56am Jul 27, 2023 1:56am
Quoting MrFanciful
{quote} Yet he blocked a load of people yesterday
Who did ?


EDIT--- oh i see he ignored 12 people. I try not to ignore anyone if i can. Only got 1 on ignore but he was a nuisance
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