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  • #15,381
  • Aug 13, 2023 6:11am Aug 13, 2023 6:11am
Quoting de5151
I'm going to disagree with most people here. I think we are set up for a big up move. Thursday's and Friday's daily pin bars are in a bullish form (I consider them inverted hammers). I think we are going up. {image}
Ok, I changed my mind after more analysis.

The DXY does look like it will take off (up), thus bringing Gold down.

Also, seeing the recent COT (Commitment of Traders) data, the big boys are loading up on shorts and dumping longs.

This all points to Gold going down.
Attached Image (click to enlarge)
Click to Enlarge Name: COT-2.png Size: 6 KB
  • #15,382
  • Aug 13, 2023 8:36am Aug 13, 2023 8:36am
Quoting syzreelhkl
Supply n Demand {image}
Hows your swap 0.00 when you’ve been holding positions for days??!
  • #15,383
  • Aug 13, 2023 8:39am Aug 13, 2023 8:39am
Quoting de5151
{quote} Ok, I changed my mind after more analysis. The DXY does look like it will take off (up), thus bringing Gold down. Also, seeing the recent COT (Commitment of Traders) data, the big boys are loading up on shorts and dumping longs. This all points to Gold going down. {image}
Hi, Hope you are well.
Where can I access the COT as you have shown
  • #15,384
  • Aug 13, 2023 8:40am Aug 13, 2023 8:40am
Quoting d1zzy
{quote} Hows your swap 0.00 when you’ve been holding positions for days??!
I was wondering the same but I assume a swap free account
  • #15,385
  • Aug 13, 2023 9:58am Aug 13, 2023 9:58am
[quote=profits7;14533384]{quote} ______MY ANALYSIS HAS BEEN BULLISH FOR GOLD TOMORROW ONWARDS AND USDJPY TO BE BEARISH (AN INTRADAY TRADE)
ATTACHMENTS WILL BE UPLOADED BELOW :
LOGIC FOR THE USDJPY SINCE WE USE IT AS A CORELATIVE PAIR: UPDJPY HAS REACHED TOWARDS A MAJOR SUPLLY ZONE AND ON 0.786FIB FOR THE DOWNWARD MOMENTUM AND SINCE IT IS UNMITIGATED , WE CAN EXPECT A STRONG MOMENTUM TOWARDS DOWNSIDE
FOR THE GOLD:IT HAS BEEN ON THE 0.786 FIB ON THE MINOR TREND AFTER THE CONTINUATION ON 0.618 FIB ON THE MAJOR TREND ....USING CORELATION AS A DOBLE CONFIRMATION WE CAN EXPECT A WYCKOFF IN THE XAUUSD CHART .....CORRECT ME IF I AM WRONG :
Attached Image(s) (click to enlarge)
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  • #15,386
  • Aug 13, 2023 10:21am Aug 13, 2023 10:21am
Quoting Tawfeeq
{quote} I was wondering the same but I assume a swap free account

Hes using gmi. A swap free broker. But i wont rely on it. I am afraid of offshore brokers
Trading is very lonely
  • #15,388
  • Aug 13, 2023 11:32am Aug 13, 2023 11:32am
Quoting Murugesh29
Hidden
Yet i dont see messages in the link
Trading is very lonely
  • #15,389
  • Aug 13, 2023 11:55am Aug 13, 2023 11:55am
Quoting luckytujuh
{quote} Yet i dont see messages in the link
This is the grp,which i created!...
I will share the one which i got subscribed! I like the ideas of him..
Its all about Timing!!!
  • #15,390
  • Aug 13, 2023 1:53pm Aug 13, 2023 1:53pm
Quoting Murugesh29
{quote} This is the grp,which i created!... I will share the one which i got subscribed! I like the ideas of him..
Oh. Noted on that
Trading is very lonely
  • #15,391
  • Aug 13, 2023 2:23pm Aug 13, 2023 2:23pm
Quoting d1zzy
{quote} Hows your swap 0.00 when you’ve been holding positions for days??!
i use swap free account
  • #15,392
  • Aug 13, 2023 2:52pm Aug 13, 2023 2:52pm
Quoting imifx
{quote} wow !! bro can you teach me your Method? What strategy are you using a "PHOTOSHOP" Just kidding bro,
While he may be net profitable, look at the 3rd one down for example; Net loss on that trade selling at a lower price than closing with TP.
  • #15,393
  • Aug 13, 2023 3:53pm Aug 13, 2023 3:53pm
Fib Expansion shows gold can move lower to 1898. I am on sidelines now since my shorts were from 1923
  • #15,394
  • Aug 13, 2023 4:02pm Aug 13, 2023 4:02pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB

The Weekly Ascending trendline broken and retested. Its more of a downside week
  • #15,395
  • Aug 13, 2023 4:33pm Aug 13, 2023 4:33pm
Quoting imifx
{quote} wow !! bro can you teach me your Method? What strategy are you using a "PHOTOSHOP" Just kidding bro,

if you look more closely hes a high frequency type of trader that sweats out pennies...not pips but pippettes

he's got alot of 11or 15 penny trades.. he pays the broker more in spread than he makes

but he also keeps his losses very small too

he acts so neurotic in here cause most of his trades inside the spread LOL
short trump and go long the deepstate
  • #15,396
  • Aug 13, 2023 4:54pm Aug 13, 2023 4:54pm
price should gap down but probably wont be enough for me to buy...im waiting for 1910
short trump and go long the deepstate
  • #15,397
  • Edited 7:07pm Aug 13, 2023 6:47pm | Edited 7:07pm
Quoting tradeism-fx
Quoting profits7
{quote} ______MY ANALYSIS HAS BEEN BULLISH FOR GOLD TOMORROW ONWARDS AND USDJPY TO BE BEARISH (AN INTRADAY TRADE) ATTACHMENTS WILL BE UPLOADED BELOW : LOGIC FOR THE USDJPY SINCE WE USE IT AS A CORELATIVE PAIR: UPDJPY HAS REACHED TOWARDS A MAJOR SUPLLY ZONE AND ON 0.786FIB FOR THE DOWNWARD MOMENTUM AND SINCE IT IS UNMITIGATED , WE CAN EXPECT A STRONG MOMENTUM TOWARDS DOWNSIDE FOR THE GOLD:IT HAS BEEN ON THE 0.786 FIB ON THE MINOR TREND AFTER THE CONTINUATION ON 0.618 FIB ON THE MAJOR TREND ....USING CORELATION AS A DOBLE
...

i wouldnt use usdjpy to make sense of gold... even DXY doesnt always make sense intraday against gold LOL

if you want to make projections and conclusions using the yen youd be better off looking at a xaujpy chart and it dont look too bullish to me
Attached Image (click to enlarge)
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short trump and go long the deepstate
  • #15,398
  • Aug 13, 2023 6:55pm Aug 13, 2023 6:55pm
i know theres alot of dollar haters in the room and want to see the BRICS countries teach the USA a lesson in humility but what these two charts show is that the dollah will eat the brics for lunch and shit em out in the morning

heres two views of the weekly dollar futures charts... imagine if they were 5 minute charts...would you still be shorting it? draw your lines or put your indicators on it and let me know if you disagree.... you can look at the monthly and quarterly for yoursellves
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short trump and go long the deepstate
  • #15,399
  • Aug 13, 2023 7:06pm Aug 13, 2023 7:06pm
placed buy limits at 1910,1909 and 1905
short trump and go long the deepstate
  • #15,400
  • Aug 13, 2023 7:34pm Aug 13, 2023 7:34pm
Quoting Zebi
placed buy limits at 1910,1909 and 1905
There is high liquidity at 1885. Look at daily

It might be a swing buy from there.
Trading is very lonely
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