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  • #7,201
  • Jul 12, 2024 8:21am Jul 12, 2024 8:21am
I cannot even write so fast. Again 17 pips profit, 157.51 to 1.57.68. Let's see if they make another round of selling. Not sure why now - it is very expensive now to do that, lots of liquidity there. BOJ is really crazy. I will never understand these people. Thanks for the money. May be one day I will understand them.
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  • #7,202
  • Jul 12, 2024 8:25am Jul 12, 2024 8:25am
Quoting pedro319
If they could complete this move before 3pm UK time then they could dump it otherwise that fuel will be used to bring more highs.
What move is that the EUR GBP ones you mentioned?
  • #7,203
  • Jul 12, 2024 8:28am Jul 12, 2024 8:28am
Quoting SmallGains
{quote} What move is that the EUR GBP ones you mentioned?
All against the Usd
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  • #7,204
  • Jul 12, 2024 8:29am Jul 12, 2024 8:29am
Quoting pedro319
GU Pa expected, creeping up very slowly. Short term Resistance 1.2974 and 1.2987
You not going to get any cheaper entries.
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  • #7,205
  • Jul 12, 2024 8:30am Jul 12, 2024 8:30am
Quoting pedro319
{quote} All against the Usd
turning now
Its all just one persons opinion
  • #7,206
  • Jul 12, 2024 8:36am Jul 12, 2024 8:36am
Quoting pedro319
{quote} All against the Usd
I think the strength of the USD is growing to a big thorn in the eye on the world western economy. The volatility is going down for months now. I think they want a change as fast as possible so all bad news are exploited as much as possible. But it costs volatility and also a lot of money. I think big players currently not making much money. It is hard to fake the retailers and other market participants due to USD strength - at least a big part of other market participants are aware of the us dollar strength so they like to buy the dips. These people (including me) are hard to fake currently so that money is not made currently by big players.

Just my thoughts.
  • #7,207
  • Jul 12, 2024 8:41am Jul 12, 2024 8:41am
Quoting JackintheBox
{quote} I think the strength of the USD is growing to a big thorn in the eye on the world western economy. The volatility is going down for months now. I think they want a change as fast as possible so all bad news are exploited as much as possible. But it costs volatility and also a lot of money. I think big players currently not making much money. It is hard to fake the retailers and other market participants due to USD strength - at least a big part of other market participants are aware of the us dollar strength so they like to buy the dips....
Some think that as soon as investors find the truth about stats the USD will sink. I have no idea when that is going to happen!!
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  • #7,208
  • Jul 12, 2024 8:42am Jul 12, 2024 8:42am
The GBP/USD is a good example today: First speculation on bad numbers from US, so buying up 60 pips before news, exploiting possible bad numbers as much as possible. That the numbers are good. Market drops and they shoot in another couple of billions (was at 1.2930's) to keep the GBP/USD up and not letting turn their position of the day into a loser.

Thanks to BOJ and friends they could sell of may be 30-50% of their buyings this morning in last hour at around 1.2965 to the crowd. The problem is they still have a lot to sell from the morning so volatility is lacking to the upside (as you can see). If market turns down they buy again to keep market up to sell their longs over time above 1.2930' and especially 1.2945.

What happens?
->Vola is going down.

That process we can see over an over again. It will probably only stop if finally the numbers on US show really cool down all over the board.
  • #7,209
  • Jul 12, 2024 8:42am Jul 12, 2024 8:42am
Quoting axecap
{quote} turning now
Does seem to be weakening some.
  • #7,210
  • Jul 12, 2024 8:43am Jul 12, 2024 8:43am
Quoting pedro319
{quote} Some think that as soon as investors find the truth about stats the USD will sink. I have no idea when that is going to happen!!
Do you still think Gold is going to 2425?
Observation is the path to discovery.
  • #7,211
  • Jul 12, 2024 8:43am Jul 12, 2024 8:43am
Quoting pedro319
If they could complete this move before 3pm UK time .
What is the significance of 3pm?
Its all just one persons opinion
  • #7,212
  • Jul 12, 2024 8:45am Jul 12, 2024 8:45am
Quoting axecap
{quote} What is the significance of 3pm?
It's just the data coming out

Quoting Alorente
{quote} Do you still think Gold is going to 2425?
Even higher would not be a surprise, but the retracement could be deeper before that.
Caution, always take some !
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  • #7,213
  • Jul 12, 2024 8:49am Jul 12, 2024 8:49am
Quoting pedro319
{quote} It's just the data coming out {quote} Even higher would not be a surprise, but the retracement could be deeper before that. Caution, always take some !
What would be a good place to close at for that retracement?
  • #7,214
  • Jul 12, 2024 8:55am Jul 12, 2024 8:55am
Quoting SmallGains
{quote} What would be a good place to close at for that retracement?
The retracement could still go to 2380 area. Personally I like to think it's done and now moving higher.
The order in which things happen is one of the most difficult things to predict.
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  • #7,215
  • Jul 12, 2024 9:05am Jul 12, 2024 9:05am
Quoting pedro319
{quote} The retracement could still go to 2380 area. Personally I like to think it's done and now moving higher. The order in which things happen is one of the most difficult things to predict.
Yea i hear ya. Closed my eur and my larger gold position for profit. Made back some of what i lost yesterday so feeling a little better. Still got some small golds im letter run.
  • #7,216
  • Jul 12, 2024 9:08am Jul 12, 2024 9:08am
Quoting SmallGains
{quote} Yea i hear ya. Closed my eur and my larger gold position for profit. Made back some of what i lost yesterday so feeling a little better. Still got some small golds im letter run.
Stabilise your emotions before touching the equipment.
Maybe you could still use 2401 to your advantage if price comes back.
We watch the charts from every angle so you don't have to!!
  • #7,217
  • Jul 12, 2024 9:11am Jul 12, 2024 9:11am
Quoting pedro319
{quote} Stabilise your emotions before touching the equipment. Maybe you could still use 2401 to your advantage if price comes back.
Yes I need to work on that side of things. Emotions suck...i read somewhere that good traders dont feel sad about losses and dont feel happy about wins. They just make the trades and move on. this is me now afraid to get burned again.
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  • #7,218
  • Jul 12, 2024 9:14am Jul 12, 2024 9:14am
Quoting pedro319
{quote} Closed for some and entered long Gold at 95
Gold
Closed half.
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  • #7,219
  • Jul 12, 2024 9:14am Jul 12, 2024 9:14am
Quoting minhtri
GU{hình ảnh} {hình ảnh}
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  • #7,220
  • Jul 12, 2024 9:16am Jul 12, 2024 9:16am
Quoting SmallGains
{quote} Yes I need to work on that side of things. Emotions suck...i read somewhere that good traders dont feel sad about losses and dont feel happy about wins. They just make the trades and move on. this is me now afraid to get burned again. {image}
That is why you need to stop for a while or just enter very small orders until you made back the losses.
We watch the charts from every angle so you don't have to!!
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