You are allowed to fall but you are imposed to get up!
New Cable Thread & Other Pairs
- #6,582
- Jul 1, 2024 1:29pm Jul 1, 2024 1:29pm
- | Commercial User | Joined Jul 2013 | 7,881 Posts
{quote}Boy, I have become a butterfly hunter! I am still waiting for Gold to give me a second new high TP hit... Ideally, I get them to my birds before they pull out of their cocoon, and makes for some delicious dinner
! Sometimes I get there too late, and they have become harder to catch, and boy have they become beautiful! Alas, someone still has to catch some
Market is bouncing off after overbought M1, that in itself suggests deeper retracement. On W1 we have sell in progress, usually 38.2 pullback or even 50%. To sum it up quickly, first let's see 2260-30 for first major bounce up.
We watch the charts from every angle so you don't have to!!
- #6,583
- Edited 4:58pm Jul 1, 2024 2:03pm | Edited 4:58pm
{quote} Thank you. A big part of these results is due to yourself: -You had the discipline and the patience to hold the positions -You handled draw downs and you took your profits. These are crucial parts of successful trading. I am not the only teacher, there are other very able teachers/ traders out there, sometimes what differs is the student quality!!
I waze hoping for bulls to came in to 1,7792 gap and 4 h divergence macd it append .
Now bulls are over with this day candle and 4 h macd signal .
Let’s see if NFP give us push to brake triangle line down .
Scalping
- #6,585
- Jul 1, 2024 2:11pm Jul 1, 2024 2:11pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} Gold Market is bouncing off after overbought M1, that in itself suggests deeper retracement. On W1 we have sell in progress, usually 38.2 pullback or even 50%. To sum it up quickly, first let's see 2260-30 for first major bounce up.
I am trend trading gold.
Here, price pausing again in the midst of the highs of an uptrend, especially its last 10months' power, stemming off even larger uptrend, covering on top of that another 10+- or so month prior to all the above
.I agree, first waiting to see if 2260 will be reached. But for now price is staying high enough in the trend and without enough signs of failing, yet.
The higher low and low of the last 60 some days might stay untouched, again, just like the low of the 60 some days prior to last main high volatility move (2000 - 2400).
For me, the uptrend is still that potentially strong, and is so as long as no comparable power is used by the sellers. So, is just putting more coal into the train for the next departure... until proven otherwise. Of course, without the consistent rise of the above said period, I would not trade this way.
Less choppiness = sweeter holdings.
Alas,
, trains occasional brake down or even crash.You are exploiting train crashes probabilities, and have, evidently, good reasons to do so, you diabolical taco but oh so loveable madman of a trader
!!!Cheers Pedro and friends!!!
P.S Dont get me wrong mates, it's ok to be a Taco Devil like our dear Pedro, profiting off Taco Train Crashes(is only tacos and salsa inside, no real blood, just good tasting stuff
!!)
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #6,586
- Jul 1, 2024 2:51pm Jul 1, 2024 2:51pm
- | Commercial User | Joined Jul 2013 | 7,881 Posts
{quote}Pedro! Always appreciate so much your views!!! I am trend trading gold. Here, price pausing again in the midst of the highs of an uptrend, especially its last 10months' power, stemming off even larger uptrend, covering on top of that another 10+- or so month prior to all the above
We watch the charts from every angle so you don't have to!!
- #6,587
- Jul 1, 2024 10:46pm Jul 1, 2024 10:46pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,430 Posts
EUR/USD consolidated above 1.0720 low it printed yesterday after a failure to reach above 1.0776 at US session. The downmove could continue at 1.0714 to close the hourly gap or some lower at 1.0706 low. If that last doesn't hold then it will open the road for 1.0685/67 weekly lows. From the other a successful bounce above the 1.0720/14/06 should first lead price at well know resistance of 1.0761/64 before 1.0770/76. A break above the last should meat 1.0788 S2 weekly resistance and 1.0800.
Daily volatility (range) 46 pips
Option expiries for Tuesday: 1.0600 (EU441.4m), 1.0700 (EU433.4m), 1.0775 (EU330.4m) Source: financialjuice.com
Significant news - US JOLTS Job Openings
1 hour
Green pips!
Daily volatility (range) 46 pips
Option expiries for Tuesday: 1.0600 (EU441.4m), 1.0700 (EU433.4m), 1.0775 (EU330.4m) Source: financialjuice.com
Significant news - US JOLTS Job Openings
1 hour
Green pips!
Looking for profitable short term trades ...|
- #6,588
- Jul 2, 2024 12:04am Jul 2, 2024 12:04am
- Joined Aug 2010 | Status: absolute beginner | 5,463 Posts
trading is like dancing, don't think and just listen to the music!
{quote}Pedro! Always appreciate so much your views!!! I am trend trading gold. Here, price pausing again in the midst of the highs of an uptrend, especially its last 10months' power, stemming off even larger uptrend, covering on top of that another 10+- or so month prior to all the above
- #6,592
- Jul 2, 2024 2:25am Jul 2, 2024 2:25am
- | Commercial User | Joined Jul 2013 | 7,881 Posts
We watch the charts from every angle so you don't have to!!
- #6,593
- Jul 2, 2024 2:34am Jul 2, 2024 2:34am
- Joined Aug 2010 | Status: absolute beginner | 5,463 Posts
trading is like dancing, don't think and just listen to the music!
- #6,594
- Jul 2, 2024 2:43am Jul 2, 2024 2:43am
- | Commercial User | Joined Jul 2013 | 7,881 Posts
We watch the charts from every angle so you don't have to!!
- #6,595
- Jul 2, 2024 2:53am Jul 2, 2024 2:53am
- | Commercial User | Joined Jul 2013 | 7,881 Posts
We watch the charts from every angle so you don't have to!!
{quote} enough for my summer-morning trade;-) i want to mention (for beginner only like me) i always get rid of the weakest ones quickly or close them out first. then i can patiently watch the rest. {image}
First time I see you using indies
, but it seems it's only for a kind of a counter or divergence,
'In the clearing stands a boxer And a fighter by his trade..'
- #6,597
- Jul 2, 2024 3:04am Jul 2, 2024 3:04am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,430 Posts
{quote} enough for my summer-morning trade;-) i want to mention (for beginner only like me) i always get rid of the weakest ones quickly or close them out first. then i can patiently watch the rest. {image}
Some fun!
Why did the trader decide to become an astronaut?
Because he heard the moon had a perfect 100% track record of perfect lunar phases without ever having to rely on indicators!
Looking for profitable short term trades ...|
- #6,598
- Jul 2, 2024 3:06am Jul 2, 2024 3:06am
- Joined Aug 2017 | Status: Trader | 3,293 Posts
Its all just one persons opinion
- #6,599
- Jul 2, 2024 3:07am Jul 2, 2024 3:07am
- Joined Aug 2010 | Status: absolute beginner | 5,463 Posts
{quote} GM, Very nice!, First time I see you using indies
but the best is still a plain candlestick chart without anything and i draw my zones and levels.
trading is like dancing, don't think and just listen to the music!
{quote} i use indis and i have many different templates also. sometimes they can help. but the best is still a plain candlestick chart without anything and i draw my zones and levels.
, the trick is to know when, thanks for sharing,
'In the clearing stands a boxer And a fighter by his trade..'