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  • #4,621
  • May 15, 2024 11:27am May 15, 2024 11:27am
Quoting pedro319
Gold Almost done, maybe that is what is missing!
I'm so tired of this uptrend , I hope it goes down soon
  • #4,622
  • May 15, 2024 11:28am May 15, 2024 11:28am
Sure seems like they want to push it till it hits that second tread line.....that would be crazy as the move would be 145 pips from the current run.
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  • #4,623
  • May 15, 2024 11:30am May 15, 2024 11:30am
Quoting Alorente
{quote} Hi Pedro. What do you mean by W&R ? Thanks
Wash and rinse of previous highs, generally an indication the job is finished.
Aggressive entry: sell once the pattern is formed and place the stop just above the wick.
Conservative: enter when the lows of that candle are taken out.
We watch the charts from every angle so you don't have to!!
  • #4,624
  • May 15, 2024 11:31am May 15, 2024 11:31am
Quoting missfx
{quote} I'm so tired of this uptrend , I hope it goes down soon
Why tired?
2500 is longer term target and all timeframes are bullish...
We watch the charts from every angle so you don't have to!!
  • #4,625
  • May 15, 2024 11:32am May 15, 2024 11:32am
Quoting SmallGains
Sure seems like they want to push it till it hits that second tread line.....that would be crazy as the move would be 145 pips from the current run. {image}
Should I long with good opportunity and should I wait for touch trend line for short
  • #4,626
  • May 15, 2024 11:32am May 15, 2024 11:32am
Quoting SmallGains
Sure seems like they want to push it till it hits that second tread line.....that would be crazy as the move would be 145 pips from the current run. {image}
They've done worse in the past. The higher the better. Tell them we said so.
  • #4,627
  • May 15, 2024 11:36am May 15, 2024 11:36am
Quoting missfx
{quote} I'm so tired of this uptrend , I hope it goes down soon
as long it's making HHHL the trend is up
now it's at upper monthly range, breaking that, next would be upper 3month range

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #4,628
  • May 15, 2024 11:37am May 15, 2024 11:37am
Quoting pedro319
{quote} Wash and rinse of previous highs, generally an indication the job is finished. Aggressive entry: sell once the pattern is formed and place the stop just above the wick. Conservative: enter when the lows of that candle are taken out.
By Wash you mean take out the high and by Rinse close the H1 candle below the previous high?
Observation is the path to discovery.
  • #4,629
  • May 15, 2024 11:49am May 15, 2024 11:49am
Mr.T what happened to Euro. 1.059 region s a distant dream now.
  • #4,630
  • May 15, 2024 11:50am May 15, 2024 11:50am
Quoting pedro319
Gold Almost done, maybe that is what is missing!

'In the clearing stands a boxer And a fighter by his trade..'
  • #4,631
  • May 15, 2024 11:56am May 15, 2024 11:56am
Quoting Mitiblotch
{quote} They've done worse in the past. The higher the better. Tell them we said so.
True....been trying to find something that will stop this bull run its been on and other that 1 piece of news tomorrow, that may or may not mean much to price, and a 1.0950 resistance area I am not seeing it. But I will choose to stay positive and think that after enough people switch to being bulls and there isnt enough for the makers to profit it will switch and cool off. Hoping in the next few weeks or in a month we can touch 1.0800 again.
  • #4,632
  • May 15, 2024 11:58am May 15, 2024 11:58am
Quoting Alorente
{quote} By Wash you mean take out the high and by Rinse close the H1 candle below the previous high?
It's an expression of market mechanics, a deliberate move where the stops are cleared (wash) and new orders are placed with price resuming previous move (rinse).
We watch the charts from every angle so you don't have to!!
  • #4,633
  • May 15, 2024 12:08pm May 15, 2024 12:08pm
Quoting SmallGains
{quote} True....been trying to find something that will stop this bull run its been on and other that 1 piece of news tomorrow, that may or may not mean much to price, and a 1.0950 resistance area I am not seeing it. But I will choose to stay positive and think that after enough people switch to being bulls and there isnt enough for the makers to profit it will switch and cool off. Hoping in the next few weeks or in a month we can touch 1.0800 again.
The day EU and GU broke and closed above the monthly povot was the day not yo sell anymore. Sometimes you sell and make pips and a few other times they literally rob you of your account, which is what's happening now. Majority of people are losing that's why price is doing what it's doing. Let no one deceive you. It has absolutely NOTHING to do with interest rates, data, bla bla bla... I have been in this long enough to know all that is nonsense. What moves price is liquidity (AKA stop loss in my own words).

They can decide to hit the upper portion of the monthly range before retracing. Whatever they do, keep enough margin. Hedge. Do whatever but don't let them rob you of your account.

As for 0800, weeks is too far. You will see that number and very well below it. Just a matter of time.
  • #4,634
  • May 15, 2024 12:15pm May 15, 2024 12:15pm
Quoting Mitiblotch
{quote} The day EU and GU broke and closed above the monthly povot was the day not yo sell anymore. Sometimes you sell and make pips and a few other times they literally rob you of your account, which is what's happening now. Majority of people are losing that's why price is doing what it's doing. Let no one deceive you. It has absolutely NOTHING to do with interest rates, data, bla bla bla... I have been in this long enough to know all that is nonsense. What moves price is liquidity (AKA stop loss in my own words). They can decide to hit the upper...
Until the week is finished a lot can happen. I will keep selling at 1.09.
We watch the charts from every angle so you don't have to!!
  • #4,635
  • May 15, 2024 12:21pm May 15, 2024 12:21pm
Quoting Mitiblotch
{quote} The day EU and GU broke and closed above the monthly povot was the day not yo sell anymore. Sometimes you sell and make pips and a few other times they literally rob you of your account, which is what's happening now. Majority of people are losing that's why price is doing what it's doing. Let no one deceive you. It has absolutely NOTHING to do with interest rates, data, bla bla bla... I have been in this long enough to know all that is nonsense. What moves price is liquidity (AKA stop loss in my own words). They can decide to hit the upper...
Yea i entered to early with i thought the pivot would be a fake out. The only times i have lost in a trade so far was when i sold out of fear just to see it retrace and then some. And well this time thats not going to happen. I wasnt thinking it was going to take weeks or months but just saying im willing to swing that long if necessary. Ill work on my entry points and my averaging up. Ill add a little today when i think there is a top...then again tomorrow when i think we at high of day. So on and so forth. Eventually ill be at break even and maybe even make some. At least thats the plan lol.

Lots to learn but that's why I'm here. to watch and learn.
  • #4,636
  • May 15, 2024 12:31pm May 15, 2024 12:31pm
EU
I am looking at 1.0886 and 1.09 to sell both.

Gold
Taking profit area quite close, 2395-2400
We watch the charts from every angle so you don't have to!!
  • #4,637
  • May 15, 2024 12:33pm May 15, 2024 12:33pm
Quoting Mitiblotch
{quote} The day EU and GU broke and closed above the monthly povot was the day not yo sell anymore. Sometimes you sell and make pips and a few other times they literally rob you of your account, which is what's happening now. Majority of people are losing that's why price is doing what it's doing. Let no one deceive you. It has absolutely NOTHING to do with interest rates, data, bla bla bla... I have been in this long enough to know all that is nonsense. What moves price is liquidity (AKA stop loss in my own words). They can decide to hit the upper...
Agree, as long as there are more sells orders,
It will continue to rise to take the stops, easy money,
the dollar is completely unsupported at the moment,
'In the clearing stands a boxer And a fighter by his trade..'
  • #4,638
  • May 15, 2024 12:33pm May 15, 2024 12:33pm
Quoting pedro319
EU Got stopped out too. Overall not convinced by this breakout. Next harmonic level is 1.09. {image}
Same. Stopped and not convinced. The next piece of liquidity is there as well.
  • #4,639
  • May 15, 2024 12:41pm May 15, 2024 12:41pm
Quoting pedro319
EU I am looking at 1.0886 and 1.09 to sell both. Gold Taking profit area quite close, 2395-2400
I made nice profit on Gold closed all before cpi. And I give the profit back to robber banks on EUR. But another chances soon to give back the money .

What do you think Pedro, Gold will have also a pullback?
  • #4,640
  • May 15, 2024 12:43pm May 15, 2024 12:43pm
Quoting GOR
{quote} Agree, as long as there are more sells orders, It will continue to rise to take the stops, easy money, the dollar is completely unsupported at the moment,
Support seems to be somewhere around 104 area....least I would hope its there.
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