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  • #17,321
  • Aug 30, 2023 9:27am Aug 30, 2023 9:27am
This little retracement is 1940 achieveable?
  • #17,322
  • Aug 30, 2023 9:27am Aug 30, 2023 9:27am
testing limit and tl .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #17,323
  • Aug 30, 2023 10:09am Aug 30, 2023 10:09am
GOLD D! CHART
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  • #17,324
  • Aug 30, 2023 10:10am Aug 30, 2023 10:10am
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  • #17,325
  • Aug 30, 2023 10:27am Aug 30, 2023 10:27am
Quoting ghwatson19
{quote} My next sell limit is 1960. All my positions is same size, no hedge. Should I aim my next sell higher than 1960? Not sure what level is best and most resistant.
It is not only about the levels or maximum level , it is more about money management and how much risk you can take it?
Love for all; Hatred for none.
  • #17,326
  • Aug 30, 2023 10:28am Aug 30, 2023 10:28am
Quoting luckytujuh
{quote} all ur buy limits are closed?
yes at 1947 for BE
Love for all; Hatred for none.
  • #17,327
  • Aug 30, 2023 10:34am Aug 30, 2023 10:34am
Quoting Ubenedict
{quote} at what point do you think it will sell to?
Lets see what happens on Monday. My last charts here around said: 1950 down.
This has to be verified starting new month.
  • #17,328
  • Aug 30, 2023 10:38am Aug 30, 2023 10:38am
Quoting Isabella_D
{quote} Lets see what happens on Monday. My last charts here around said: 1950 down. This has to be verified starting new month.
Thursday and Friday’s red data can provide retracement or sell to my target 1926
Love for all; Hatred for none.
  • #17,329
  • Aug 30, 2023 10:51am Aug 30, 2023 10:51am
Price auctioned higher to find value. Why? Because the perception of value is a price at higher prices.

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William Vickrey's ingenious insight was that it doesn't matter what kind of auction you choose because market participants will adapt their behavior such that the profit is the same regardless of auction type since the market participants all have an idea of value and they use this idea of value to determine the true value of the item.

This key insight of his written in his 1961 paper that originated auction theory is what won William Vickrey the Nobel Prize in economic sciences in 1996. So perception of value is powerful.

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  • #17,330
  • Aug 30, 2023 11:25am Aug 30, 2023 11:25am
Quoting Fardeen1209
If china pmi falls to print a figure higher than consensus, it may be viewed as a risk off sentiment, this could lift GOLD. Anyone see otherwise?
Looking at China economically is a complex field. My knowledge is superficial.

I don't see a close correlation between Usd China Juan. Picture
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However, I keep an eye on the development of the CNYUSD every day in order to spontaneously notice any abnormalities. https://stooq.pl/q/?s=dx.f&d=2023082...0usy.b+10usy.b

Rather, the global political and economic sensitivities have a major impact. Both countries regularly have significant "highlights" that push them.
At the moment, keeping "friendly-no fighting" seems to be there priority.
Tomorrow red news CNY, Manufacturing PMI
Actual/Forecast
07/31/23 06/30/23. 05/31/23 04/30/23 03/31/23
I don't have ad hoc data to compare FX for this. You have to look for it yourself.
here the last 5 months https://stooq.pl/q/?s=dx.f&d=2023072....f+dy.f+cnyusd
I assume that the news will tip the scales tomorrow.
If anything in the global economy topples, current affairs in China will be (over)rated.
Long term of course another thing to have a look on China.
  • #17,331
  • Aug 30, 2023 11:32am Aug 30, 2023 11:32am
Quoting Isabella_D
waiting housings if no surprising I will short @21:05 MESZ
Shorted?
Its all about Timing!!!
  • #17,332
  • Aug 30, 2023 11:39am Aug 30, 2023 11:39am
Quoting Murugesh29
{quote} Shorted?
sum of my held positions XAUUSD
1 Part short ; 0,75 Part (in win) long - so waiting for short
  • #17,333
  • Aug 30, 2023 11:46am Aug 30, 2023 11:46am
Quoting Isabella_D
{quote} sum of my held positions XAUUSD 1 Part short ; 0,75 Part (in win) long - so waiting for short
Still any move possible up for 1948-50?
Its all about Timing!!!
  • #17,334
  • Aug 30, 2023 11:52am Aug 30, 2023 11:52am
Quoting Murugesh29
{quote} Still any move possible up for 1948-50?
dont know
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  • #17,335
  • Aug 30, 2023 11:54am Aug 30, 2023 11:54am
Quoting Isabella_D
{quote} dont know {image}
I closed earlier, thought of one more up is pending!
Its all about Timing!!!
  • #17,336
  • Aug 30, 2023 12:23pm Aug 30, 2023 12:23pm
Quoting Murugesh29
{quote} Ich habe vorhin geschlossen, dachte mir, dass ein weiterer Beitrag noch aussteht!
Lets see tomorrow, last day of the month and red news and the world is erthquaking.
All the best to you.
The last few days have been steadily rising (not first number of pips but number of days),
time for a little cooling down.
But maybe at the end of the month "the sow will be let out". 1966 are quite feasible.
This is not my first choice.
  • #17,337
  • Aug 30, 2023 12:54pm Aug 30, 2023 12:54pm
Quoting aahmad29
{quote} yes at 1947 for BE
Fantastic mate. It was worth a long wait
Trading is very lonely
  • #17,338
  • Aug 30, 2023 4:39pm Aug 30, 2023 4:39pm
Price did not break 1950, nor did it went to break below 1937 which was h4 lows for yesterday.
It is a tricky situation today due because its the end of the month, best is not to trade till NFP.

but if price were to reject 1939, you may consider a buy towards 1955 and chase that liquidity.
but if price were to pierce 1937, a sell is possible towards 1928.

so its really a tricky situation, current pa now might just compress slowly towards 1955 and not touch 1939 or 1940.

best is to wait for 2 to 3 h4 candles to see for movement, since it only move between the ranges before closure
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Trading is very lonely
  • #17,339
  • Aug 30, 2023 4:59pm Aug 30, 2023 4:59pm
Quoting luckytujuh
{quote} Fantastic mate. It was worth a long wait
Yes I have criteria of total number of orders , if my order numbers are more than my rules then I find BE point and try to close it.
Love for all; Hatred for none.
  • #17,340
  • Aug 30, 2023 5:02pm Aug 30, 2023 5:02pm
Quoting aahmad29
{quote} Yes I have criteria of total number of orders , if my order numbers are more than my rules then I find BE point and try to close it.

so right now your margin is super safe i assume.
Trading is very lonely
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