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  • #19,401
  • Sep 25, 2023 11:20am Sep 25, 2023 11:20am
last short closed.., (+5)
have to leave
see you
dolce vita
  • #19,402
  • Sep 25, 2023 11:21am Sep 25, 2023 11:21am
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State of play at this time
  • #19,403
  • Sep 25, 2023 3:56pm Sep 25, 2023 3:56pm
Quoting babayaga
H2, D&WPPs (future) {image}{image} charting with fxstreet imo, with so "clear" picture of gold is going up, we have to be ready for down move and I think that during next week we can see HH or LL ( I am talking about weekly range 13.95-47.47) and close of next week is a Monthly Close so speculate well, do not permit to become cannon fodder for...
Sorry, where can you see this "confluences" statistic?
  • #19,404
  • Sep 25, 2023 4:47pm Sep 25, 2023 4:47pm
Quoting Maverick02
{quote} can I still join you?
Hi Maverick02 sorry for the late reply. Please do not follow my trade unless it is the same as your strategy .I normally scalp the bounce at SNR taking 10-30 pips.I did not able to manage the trade due to busy at work.It was already running +30pips but ended with BE it ok.If you did follow my trade with SL at 1913 originally it is still alive.Looking at M1 price is in compression still possible to hit TP.Although H4 & D1 support already broken, normally price will retest the broken SNR before going down again.Take care
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  • #19,405
  • Sep 25, 2023 6:26pm Sep 25, 2023 6:26pm
Hi everyone, reading the thread I noticed that your analysis is much more advanced and on point than mine. I've been trading for 3 years and I don't see any improvement in my performance, My setup is usually trading the "end of retracement" waiting for lower lows in a downtrend or higher highs in an uptrend and my time frame is from m5 to m30. But it seems that this is not enough to survive in the market, I think I need to know where would the price will be heading to position myself in a trade.
For those doing good in the market for many years now, may I humbly ask for a bit of advice on what topics I need to learn to read the charts more clearly? Please?
  • #19,406
  • Sep 25, 2023 10:01pm Sep 25, 2023 10:01pm
Quoting aahmad29
{quote} Patience paid off Updated positions Sell 1927 TP 1918 (Hit TP) Sell 1918 TP 1913 If price reaches 1913 then both pending orders are canceled Sell Limit 1927 TP 1917 Sell Limit 1938 TP 1928
Patience paid off again

Updated positions (atm there is no open short position, price may go down even more but i am not going against my trading rules)

Sell 1918 TP 1913 (Closed at 1913.55)

Buy 1913.55 TP 1919
Buy Limit 1903 TP 1913
Love for all; Hatred for none.
  • #19,407
  • Edited 10:27pm Sep 25, 2023 10:02pm | Edited 10:27pm
Usdx posing breakout top and if so gold and others diwn previous lows! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #19,408
  • Sep 25, 2023 10:03pm Sep 25, 2023 10:03pm
Quoting 10QFX
{quote} Hi Maverick02 sorry for the late reply. Please do not follow my trade unless it is the same as your strategy .I normally scalp the bounce at SNR taking 10-30 pips.I did not able to manage the trade due to busy at work.It was already running +30pips but ended with BE it ok.If you did follow my trade with SL at 1913 originally it is still alive.Looking at M1 price is in compression still possible to hit TP.Although H4 & D1 support already broken, normally price will retest the broken SNR before going down again.Take care {image} {image} {image}...
Well,seeing that the strategy has proven to be more successful than failure, I wouldn't mind following it from time to time, or learning it even.
I'm new to this, and I'm trying to grasp around and see what works better for me, and at the same time earning little money while at it.

So, I wouldn't mind you dropping them when you enter.
Thanks for the response, by the way.
  • #19,409
  • Sep 25, 2023 10:21pm Sep 25, 2023 10:21pm
Quoting aahmad29
{quote} Patience paid off again Updated positions (atm there is no open short position, price may go down even more but i am not going against my trading rules) Sell 1918 TP 1913 (Closed at 1913.55) Buy 1913.55 TP 1919 Buy Limit 1903 TP 1913
I have started adding long positions with target of 1919 but it is dangerous game because bearish trend continue and i draw trend line to watch the price.
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Love for all; Hatred for none.
  • #19,410
  • Sep 25, 2023 11:31pm Sep 25, 2023 11:31pm
Quoting aahmad29
{quote} I have started adding long positions with target of 1919 but it is dangerous game because bearish trend continue and i draw trend line to watch the price. {image}
Time there to play still as in a range down to 1910/08 before 1900 or low move, 1919 try likely before 1900 or low possibly. Take care
So may short buy opportunities now to 1910 around and good short opportunity arounds 1919, perhaps before NY open!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #19,411
  • Sep 26, 2023 12:15am Sep 26, 2023 12:15am
Quoting fontu
{quote} Time there to play still as in a range down to 1910/08 before 1900 or low move, 1919 try likely before 1900 or low possibly. Take care So may short buy opportunities now to 1910 around and good short opportunity arounds 1919, perhaps before NY open! {image}
Next stop is 1901
  • #19,412
  • Sep 26, 2023 12:41am Sep 26, 2023 12:41am
Today's consumer confidence number is the last one before millions of people have to restart paying their student loans after a 3 year respite.

Average payment is $400, but over 60% of people in the US are living paycheck to paycheck (sorry for the American spelling). Rent/Mortgage is up, car payment is up, credit card debt at record highs on higher interest rates, groceries up. "Hey you can afford another $400 right?"

Where will this $400 have to come from? The only place is discretionary (if there is any left), consumer spending.
  • #19,413
  • Sep 26, 2023 12:42am Sep 26, 2023 12:42am
Quoting noobtrader8
{quote} Sorry, where can you see this "confluences" statistic?
hi,
you can find it here (fxstreet- rates & charts->gold)
https://www.fxstreet.com/rates-charts/xauusd

enjoy
dolce vita
  • #19,414
  • Sep 26, 2023 12:57am Sep 26, 2023 12:57am
14.71 is a middle point of daily candle right now
dolce vita
  • #19,415
  • Sep 26, 2023 12:59am Sep 26, 2023 12:59am
hello everyone, guys please help I have a question. Why does gold keep buying during and after the consumer data release even if it's a green or a red update?
  • #19,416
  • Sep 26, 2023 1:00am Sep 26, 2023 1:00am
to PPs or Support lines
we'll find shortly (?!)

trade safe, today is a news day
dolce vita
  • #19,417
  • Sep 26, 2023 1:03am Sep 26, 2023 1:03am
Scalp buy
Sl below 10
Tp 19(dp-19.35)
Its all about Timing!!!
  • #19,418
  • Sep 26, 2023 1:05am Sep 26, 2023 1:05am
#XAU H1
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I will succeed Not immediately... but definitely
  • #19,419
  • Sep 26, 2023 1:11am Sep 26, 2023 1:11am
breaks previous low again , , so retest and hold will target 1910.97 initially, next should go 1908.37 areas and bo !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #19,420
  • Sep 26, 2023 1:16am Sep 26, 2023 1:16am
Quoting babayaga
to PPs or Support lines we'll find shortly (?!) trade safe, today is a news day
thanks a lot
Trade Safe
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