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  • #35,961
  • Jul 18, 2024 6:11am Jul 18, 2024 6:11am
Quoting Orand
Long as TC at 2472 Sl : 2469(sl hit) TP : 2476 ---------------------------- Short as TC at : 2464 Sl : 2467 Tp: Open -----------------------------
Nice idea..... Price has to fill out the imbalances in the HTF
  • #35,962
  • Jul 18, 2024 6:45am Jul 18, 2024 6:45am
I do not post much here. But this my view on gold.
On daily time frame we are in 5th wave , the 1st wave was started after Israel war. This wave may end around 2560, however some studies says that 5th wave is largest in commodities so 2600 is also possible.

on 2h time frame When we further divide this 5th wave then we are currently doing 3rd of 5th which may end around 2493-2503. After that we may see a correction in 4th wave of this 5th, which may end around 2445-2440.

On 1h time frame, we are in 4th of 3rd of this big 5th wave. It may end around 2450-2440. After this one more push to 2493-2503 and 3rd will end.

All charts posted.
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  • #35,963
  • Jul 18, 2024 6:45am Jul 18, 2024 6:45am
Quoting deathwingbg
{quote} I am going to start opening trades opposite of yours... Not saying it in a bad way. Wish you better luck next time. When I open trades they also end up being bad ... for the past two weeks like 90% of my trades are bad, 5 blown accounts. I am starting to get desperate and lose hope.
Bad swing happens and its important you do not losing your account during its time , Man, I had a rough time last week. I blew up one of my accounts during CPI and it really messed with my head. Now I'm trying to rebuild my confidence, but the market isn't making it easy. Gotta make sure not to let a bad swing get the best of me and my account But it's tough
  • #35,964
  • Jul 18, 2024 6:47am Jul 18, 2024 6:47am
Quoting Breadwinner9
{quote} Hi techknow. I'm new in trading. From what I know hedging is buying and selling in the same time. I've done the same but find that really hard to get out of the trade and always see red numbers in account, which make me really anxious. Can you teach me a correct way of hedging?
Rule #1 of hedging.
If you are not profitable without hedging. Do not ever hedge.

When you solve that first problem, yes.

This is not the place to discuss hedging.

If you need help with that first problem you can message me privately. Ill try to direct you the best I can based on your experience. That goes for anyone that needs help. That's what the forum is for right?
TechKnow
  • #35,965
  • Jul 18, 2024 7:00am Jul 18, 2024 7:00am
Quoting Inthebox
{quote} this week high may have been made. in order to go up 2550 (not this week), gold has to go down first to gather more bullets. {image}
out before news.
a picture paints more than a thousand words.
2 charts, one with direction of trades as per above and the other the results.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #35,966
  • Jul 18, 2024 7:58am Jul 18, 2024 7:58am
Quoting HalikiqeoVN
In my opinion, gold will fall tonight and the down channel will return to 2405 =>> after that and will return to the 2440-2480 area again before we see the waterfall of the big bears starting from August 1st. - August 10 These are the indicators I found for reference only and my English is not good

Hopefully it goes as planned and there aren't 2500 here. Many investors will argue against this.
  • #35,967
  • Jul 18, 2024 8:13am Jul 18, 2024 8:13am
Quoting HalikiqeoVN
{quote}
Hopefully it goes as planned and there aren't 2500 here. Many investors will argue against this.
There are still many traps up to 2405 or 2317
Attached Image (click to enlarge)
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https://www.forexfactory.com/thread/...3#post14935553
  • #35,968
  • Jul 18, 2024 8:18am Jul 18, 2024 8:18am
Quoting Isabella_D
{quote} Vẫn còn nhiều bẫy lên đến 2405 hoặc 2317 {image} https://www.forexfactory.com/thread/...3#post14935553
That's what I want to say, if you use Ichimoku you can see how gold moves like BTC 1 month ago =>> as well as how gold moves according to Ichimoku 1 month slower than BTC =>> maybe a coincidence.

thank you my friend
  • #35,969
  • Jul 18, 2024 8:26am Jul 18, 2024 8:26am
This week we are not getting any big moves. Have to wait for coming week for a down moves for retracements
  • #35,970
  • Jul 18, 2024 9:31am Jul 18, 2024 9:31am
Quoting scalafx
{quote} today will be bloody red, lets see, maybe im wrong
where is bloody hell my freind?
  • #35,971
  • Jul 18, 2024 10:41am Jul 18, 2024 10:41am
Seems like there is not much interest in taking profits with Gold.
How to succeed in zero sum game?
  • #35,972
  • Jul 18, 2024 10:46am Jul 18, 2024 10:46am
Quoting dempire1
seems like there is not much interest in taking profits with gold.
yes but i think gold move to 2500 maybe until friday
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  • #35,973
  • Jul 18, 2024 10:49am Jul 18, 2024 10:49am
Quoting Ras62
{quote} yes but i think gold move to 2500 maybe until friday
why?
How to succeed in zero sum game?
  • #35,974
  • Jul 18, 2024 10:52am Jul 18, 2024 10:52am
Quoting ras62
{quote} yes but i think gold move to 2500 maybe until friday {image}
yellllow line is my fibo chanel
my fibo chanell 80% corect
  • #35,975
  • Jul 18, 2024 10:56am Jul 18, 2024 10:56am
Quoting dempire1
{quote} why?
If you look carefully, you will see that the price always reacts to my channel
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  • #35,976
  • Jul 18, 2024 10:58am Jul 18, 2024 10:58am
Quoting ras62
{quote} yes but i think gold move to 2500 maybe until friday {image}
if price break the my chanell
price go down
if not break go up
  • #35,977
  • Jul 18, 2024 11:03am Jul 18, 2024 11:03am
The only chart that matters.
If we get back in forget 2500 dreams, 2250 awaits like Bfly said.
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We watch the charts from every angle so you don't have to!!
  • #35,978
  • Jul 18, 2024 11:03am Jul 18, 2024 11:03am
Quoting Ras62
{quote} If you look carefully, you will see that the price always reacts to my channel {image}
MY CHANELL gives me good and correct signals every week But unfortunately, I never do financial management....
  • #35,979
  • Jul 18, 2024 11:06am Jul 18, 2024 11:06am
Quoting Ras62
{quote} If you look carefully, you will see that the price always reacts to my channel {image}
lol
How to succeed in zero sum game?
  • #35,980
  • Jul 18, 2024 11:18am Jul 18, 2024 11:18am
Quoting Inthebox
{quote} out before news. a picture paints more than a thousand words. 2 charts, one with direction of trades as per above and the other the results. {image}
again one directional sell for today.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
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