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  • #15,661
  • Aug 16, 2023 3:24am Aug 16, 2023 3:24am
Current Range is 1900- 1909
Rejections coming from the south side at the moment
Dollar over-extended
  • #15,662
  • Aug 16, 2023 3:27am Aug 16, 2023 3:27am
Quoting GhermezKolah
{quote} Honestly, it's a mistake. Things can get wrong very quickly. Always manage your 'risk' and losses with stop loss. Markets can get manipulated or you can be wrong, very wrong. In may, I entered a short position in 2030 and the price went up to 2070 when the market was closed! It opened with a huge gap. Without a stop loss, you can lose a fortune. Although losing money is painful, get used to it. You cannot be 100% accurate in the market. Losing is part of the game.
Nah, I prefer to hedge and hold my positions. Like to think my MM skills are good if it's gotten me this far. In fairness to the market yeah, expect the unexpected always.

Appreciate the pointers though
  • #15,663
  • Aug 16, 2023 5:14am Aug 16, 2023 5:14am
Today gold is being sentimental...
Trading is very lonely
  • #15,664
  • Aug 16, 2023 6:07am Aug 16, 2023 6:07am
other type of... H4
Attached Image (click to enlarge)
Click to Enlarge Name: XAU_USD 16 08 0 a.png Size: 18 KB

two inside bars with 02.50th, 07.50th, 13.30th levels
charting with fxstreet
dolce vita
  • #15,665
  • Aug 16, 2023 6:08am Aug 16, 2023 6:08am
Quoting sharingan9
Gold is so slow lol. I remember gold being faster.
ask yourself why
dolce vita
  • #15,666
  • Aug 16, 2023 6:12am Aug 16, 2023 6:12am
daily gives me 1892.83&1909.50
to watch
dolce vita
  • #15,667
  • Aug 16, 2023 6:25am Aug 16, 2023 6:25am
Quoting aahmad29
{quote} No , Engulfing candle is not any more clear engulfing candle. Only pin bar candle wasn’t my concern. I mentioned that I am waiting for engulfing candle size which is very small now. Now waiting for market close and if market close below POC then bears are in control.
Thank you.
  • #15,668
  • Edited 6:59am Aug 16, 2023 6:44am | Edited 6:59am
H4, DeMark's DPPs
Attached Image (click to enlarge)
Click to Enlarge Name: XAU_USD-1 16 08 0 b.png Size: 19 KB

we've got:
DR1 1906.65 that have been tested already and quite close for not to break
DS1 1891.38 that quite far away

DeMark's DPP (14.08) & WPPs are still available
charting with fxstreet
dolce vita
  • #15,669
  • Aug 16, 2023 6:49am Aug 16, 2023 6:49am
Is the US treasury sell off going to continue for another day?
  • #15,670
  • Aug 16, 2023 7:04am Aug 16, 2023 7:04am
Quoting MrFanciful
Is the US treasury sell off going to continue for another day?

hope so cause accumulating TLT for my IRA account

look at the weekly...its making a double bottom...me and warren buffet gona make out like pigs buying treasuries
short trump and go long the deepstate
  • #15,671
  • Aug 16, 2023 7:06am Aug 16, 2023 7:06am
im dollar bullish cause its a BAD ASS MF....but with it so far up the yens and yuans butt hole and them crying and whining and their history of intervention im hesitant to hold gold and GU shorts for any length of time untill they do intervention and dump dollars.....so will look for more long trades and close short trades early

so wont be holding shorts for the home run till the japanese do something
short trump and go long the deepstate
  • #15,672
  • Edited 7:26am Aug 16, 2023 7:07am | Edited 7:26am
Quoting GhermezKolah
I'm getting a light buy signal from 1902. However, I'll wait for stronger confirmation. I learned to be patient and push FOMO away. Let's see.
Taking a small long from 1902.7 targeting 1906.6.

EDIT: My bad. Closed with a small loss.
  • #15,673
  • Aug 16, 2023 7:10am Aug 16, 2023 7:10am
Quoting Zebi
im dollar bullish cause its a BAD ASS MF....but with it so far up the yens and yuans butt hole and them crying and whining and their history of intervention im hesitant to hold gold and GU shorts for any length of time untill they do intervention and dump dollars.....so will look for more long trades and close short trades early so wont be holding shorts for the home run till the japanese do something
Dollar is going up precisely because countries are selling US debt over concerns about it's ability to repay. You can only sell US bonds for dollars, so it increases demand for dollars. It seems to be like a game of hot potato or musical chairs. No one wants to be left hold it when the music stops, if you excuse the crossed-matephor.
  • #15,674
  • Aug 16, 2023 7:11am Aug 16, 2023 7:11am
Quoting Zebi
{quote} BOJ officials have been threatening to intervene the past two weeks... FF has been posting their twitters and announcements..you can probably still find them on FF... i suspect theyve been doing it stealthily at usa red news announcements cause the reaction is beyond what normally would happen especially during cpi news...that should have been retraced by now..been over a week and half i feel foolish pointing this out cause i know everybody knows this but as you can see on this weekly chart the last time BOJ intervened to sell dollars...


i know you all remember this post from awhile back...the only difference now is if they do it again its at the highs so wont have the same effect...once they stop price will plummet
short trump and go long the deepstate
  • #15,675
  • Aug 16, 2023 7:23am Aug 16, 2023 7:23am
Quoting zebi
{quote}{quote} 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 {image}
it does not corelate in the smaller time frame but if u go back and look for a higher time frame it corelates most of the time ....with experience you can check the line chart
  • #15,676
  • Aug 16, 2023 7:39am Aug 16, 2023 7:39am
Quoting MrFanciful
{quote} Dollar is going up precisely because countries are selling US debt over concerns about it's ability to repay. You can only sell US bonds for dollars, so it increases demand for dollars. It seems to be like a game of hot potato or musical chairs. No one wants to be left hold it when the music stops, if you excuse the crossed-matephor.

do you have a link other countries doing this?

or do they just hate democrats and do it when theyre in office
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-08-14 111835.png Size: 31 KB
short trump and go long the deepstate
  • #15,677
  • Aug 16, 2023 7:54am Aug 16, 2023 7:54am
Gold price action become minor currency pairs.
Everything, what's meant to be will find its way
  • #15,678
  • Aug 16, 2023 8:06am Aug 16, 2023 8:06am
Long 1901 tp 1905ish
  • #15,679
  • Aug 16, 2023 8:09am Aug 16, 2023 8:09am
still in sell mode.
LUCKY golden trades, LUCKY gold investor trading style
  • #15,680
  • Aug 16, 2023 8:12am Aug 16, 2023 8:12am
Quoting fx4money
still in sell mode.
Tp!?
Its all about Timing!!!
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