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  • #31,341
  • Apr 18, 2024 7:31am Apr 18, 2024 7:31am
uhh ohh
Be Calm In Every Situation
  • #31,342
  • Apr 18, 2024 7:50am Apr 18, 2024 7:50am
As someone here said before , the market is very much fueled by the fear of the current political tensions rising up so any technical analysis is going to have to be taken with a grain of salt . For me personally looking at the chart we have been in a range for a while now and the news has not resulted in the market choosing any direction . Personally going to wait for some more news or a breakout in either direction to decide my next move.

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  • #31,343
  • Apr 18, 2024 8:07am Apr 18, 2024 8:07am
Still short on XAUUSD. waiting for a sharp fall to 2270
Think longterm not shortterm
  • #31,344
  • Apr 18, 2024 8:13am Apr 18, 2024 8:13am
Quoting Ntchindi
Still short on XAUUSD. waiting for a sharp fall to 2270
I hope so, it's about time!
"Who Dares Wins"
  • #31,345
  • Apr 18, 2024 8:16am Apr 18, 2024 8:16am
Quoting Ravenfeeder
{quote} I hope so, it's about time!
Let's be patient and watch.
Think longterm not shortterm
  • #31,346
  • Apr 18, 2024 8:29am Apr 18, 2024 8:29am
gold is a clear breakout signal. dont short till er break 2360. silver I think a short is still valid
  • #31,347
  • Apr 18, 2024 8:37am Apr 18, 2024 8:37am
what is this?
Be Calm In Every Situation
  • #31,348
  • Apr 18, 2024 8:39am Apr 18, 2024 8:39am
Traders are not understanding that going long on XAUUSD because of the War is an obvious trade, its too easy.Everyone is long on Gold
Thus why am doing the opposite of holding my short positions because the market will drop sharply.
Think longterm not shortterm
  • #31,349
  • Apr 18, 2024 8:40am Apr 18, 2024 8:40am
What a beautiful rejection.
  • #31,350
  • Apr 18, 2024 8:42am Apr 18, 2024 8:42am
waiting to short sell 2395-2400
  • #31,351
  • Apr 18, 2024 8:44am Apr 18, 2024 8:44am
Quoting Ntchindi
Traders are not understanding that going long on XAUUSD because of the War is an obvious trade, its too easy.Everyone is long on Gold Thus why am doing the opposite of holding my short positions because the market will drop sharply.
It's still too early but I hope you're right.
I hold short at 2182.
bulls make money, bears make money, pigs get slaughtered
  • #31,352
  • Apr 18, 2024 8:53am Apr 18, 2024 8:53am
Nice drop in 3 minutes. That's why I love trading 1M timeframe.
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  • #31,353
  • Apr 18, 2024 9:18am Apr 18, 2024 9:18am
Quoting Jonas4
Nice drop in 3 minutes. That's why I love trading 1M timeframe. {image}
which strategy do you use ?
  • #31,354
  • Apr 18, 2024 9:51am Apr 18, 2024 9:51am
Quoting rehmatkhan00
{quote} which strategy do you use ?
It's just gambling on range it seems. Gold is pure random the last 2 weeks.
  • #31,355
  • Apr 18, 2024 10:10am Apr 18, 2024 10:10am
It's not gambling. Order book imbalances will always correct. And "random" is actually an efficient market.

I look at inefficiencies, vector candles, PVSRA, RSI and lot of other things before taking a trade.

You probably don't see the imbalances forming because you never look at 1M candles.
  • #31,356
  • Apr 18, 2024 10:22am Apr 18, 2024 10:22am
Quoting mades
{quote} It's just gambling on range it seems. Gold is pure random the last 2 weeks.
please don’t call it gambling if you don’t understand science behind it
  • #31,357
  • Apr 18, 2024 10:29am Apr 18, 2024 10:29am
There is no science or anything behind it, don't be silly. Look at the age of my account, you think I haven't seen it all? PVSRA has been here before you knew what trading is, I still use their volume indi to this day. Showing selective winners is a classic strategy on these forums but we dont really know the truth because none of you ever presents a real statistical edge on a properly sized sample. Saying "will always work" is another classic. No, it won't always work. Because markets shift between random and non-random phases.
  • #31,358
  • Apr 18, 2024 10:46am Apr 18, 2024 10:46am
Quoting fxmatters
{quote} Disagreed.... looks a smooth upwards day to above 24xx and closing above 24xx tonight and a new ATH tomorrow
Looks choppy to me
  • #31,359
  • Apr 18, 2024 11:07am Apr 18, 2024 11:07am
Quoting Jonas4
It's not gambling. Order book imbalances will always correct. And "random" is actually an efficient market. I look at inefficiencies, vector candles, PVSRA, RSI and lot of other things before taking a trade. You probably don't see the imbalances forming because you never look at 1M candles.
it looks like your system is so so complicated I only use pivot points with price action and its accuracy is astonishing if rules are well followed
  • #31,360
  • Apr 18, 2024 11:17am Apr 18, 2024 11:17am
Quoting mades
There is no science or anything behind it, don't be silly. Look at the age of my account, you think I haven't seen it all? PVSRA has been here before you knew what trading is, I still use their volume indi to this day. Showing selective winners is a classic strategy on these forums but we dont really know the truth because none of you ever presents a real statistical edge on a properly sized sample. Saying "will always work" is another classic. No, it won't always work. Because markets shift between random and non-random phases.
You have much more experience than me and you must know better than me but what I am trying to say is that trading is really complicated and you must have both knowledge and experience to be profitable in it. Especially choppy market are really difficult to trade and calling it gambling is really really unfair. The one who calls it gambling must be a complete idiot.
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