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  • #8,841
  • Aug 2, 2024 1:34am Aug 2, 2024 1:34am
Quoting pedro319
Gold Following plan B Sold 2467 and will keep going up to 2480 SL 2505 Risk 10% of this week's profits
Gold will add shorts until 100% retracement I’m with you .
risk the profits .
Scalping
  • #8,842
  • Aug 2, 2024 1:38am Aug 2, 2024 1:38am
according to cpi news i took 4 entries toward up for 1 minute in chf/jpy and it totally diverted why...?? forex factory how mush realistically effective??
  • #8,843
  • Aug 2, 2024 1:40am Aug 2, 2024 1:40am
Quoting hans91
{quote} Hi pedro, i just read about news that there is a potential that Iran will strike attack Israel to revenge the death of ismail Haniyeh. doesn't that mean gold will fly up to 2530 area if that would be happen? scary moment i think if sell gold at this current price.
Perfectly valid point. That is the risk...control it the best you can.
We watch the charts from every angle so you don't have to!!
  • #8,844
  • Aug 2, 2024 1:59am Aug 2, 2024 1:59am
Quoting pedro319
{quote} This is a lifetime chance, some ppl will never see 2500 again if it happens. I have shorts for short medium and long term.
Yes it certainly has to turn soon enough and happy to short anywhere up here. Fortunately I have the capacity to wait it out and hold for months if necessary, but still looking forward to a run down.
Its all just one persons opinion
  • #8,845
  • Aug 2, 2024 2:01am Aug 2, 2024 2:01am
Quoting axecap
{quote} Yes it certainly has to turn soon enough and happy to short anywhere up here. Fortunately I have the capacity to wait it out and hold for months if necessary, but still looking forward to a run down.
Gold is not like little Euro, you need to give it room and time for price to move.
We watch the charts from every angle so you don't have to!!
  • #8,846
  • Aug 2, 2024 2:04am Aug 2, 2024 2:04am
Quoting pedro319
{quote} This is a lifetime chance, some ppl will never see 2500 again if it happens. I have shorts for short medium and long term.
In the actual milieu I think is a too strong sentence. If we get 2260 or 2160 with a war in Mid East could go easily back to 2500. And I diden't mentioned Taiwan.
  • #8,847
  • Aug 2, 2024 2:10am Aug 2, 2024 2:10am
Pa now for scalping
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #8,848
  • Aug 2, 2024 2:10am Aug 2, 2024 2:10am
EURUSD is not affected much by war? But GOLD is unstable and really moved violently because war, it means that don't focus too much in technical analysis
  • #8,849
  • Aug 2, 2024 2:11am Aug 2, 2024 2:11am
Quoting pedro319
{quote} Gold is not like little Euro, you need to give it room and time for price to move.
I totally agree! This movement made me angry. I was in long and easily stopped me out. I don't know how I can defend this type of behaviour. And this happening many time on Gold.
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  • #8,850
  • Aug 2, 2024 2:12am Aug 2, 2024 2:12am
Quoting daniel2023
EURUSD is not affected much by war? But GOLD is unstable and really moved violently because war, it means that don't focus too much in technical analysis
In the afternoon you will probably change your opinion
All it takes is 5 mins of NFP...
We watch the charts from every angle so you don't have to!!
  • #8,851
  • Aug 2, 2024 2:15am Aug 2, 2024 2:15am
EJay on the move again....minor resistance at 160.26 shouldn't hold for long.
Its all just one persons opinion
  • #8,852
  • Aug 2, 2024 2:20am Aug 2, 2024 2:20am
Quoting Mihisti
{quote} I totally agree! This movement made me angry. I was in long and easily stopped me out. I don't know how I can defend this type of behaviour. And this happening many time on Gold. {image}
In pre NFP mode price does funny things and you can see this move is not real, constantly chasing stops is artificial behaviour not a normal response, especially always failing to hold. MM are just placing their positions in the same direction as yours.
We watch the charts from every angle so you don't have to!!
  • #8,853
  • Aug 2, 2024 2:21am Aug 2, 2024 2:21am
Quoting pedro319
{quote} In the afternoon you will probably change your opinion All it takes is 5 mins of NFP...
I don't think that this upside move on Gold was due to the tensions in Mid East. Last time when Iran prepared to attack Israel we have a strong reaction on EUR/USD. Now nothing.
So I believe that NFP will collapse Gold.

But of course a potential war is always in cards.

Pedro, 2480 is still daily overbought?
  • #8,854
  • Aug 2, 2024 2:24am Aug 2, 2024 2:24am
Quoting Mihisti
{quote} I don't think that this upside move on Gold was due to the tensions in Mid East. Last time when Iran prepared to attack Israel we have a strong reaction on EUR/USD. Now nothing. So I believe that NFP will collapse Gold. But of course a potential war is always in cards. Pedro, 2480 is still daily overbought?
Yes it's overbought, ofc with one day more now price can stretch a bit more on a spike, never on prolonged sustained move.
We watch the charts from every angle so you don't have to!!
  • #8,855
  • Aug 2, 2024 2:29am Aug 2, 2024 2:29am
Wash and rinse is a very common price pattern that reflects the market mechanics.
It is normal for market to do it once, very rarely does it more than twice.
(When that happens it means that the move is sustained)
So far my understanding is that market makers are placing their short orders. (as I place mine)
Let's see more.
We watch the charts from every angle so you don't have to!!
  • #8,856
  • Aug 2, 2024 2:42am Aug 2, 2024 2:42am
Testing 2700 and next bounce towards 2740 may possible , take care
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #8,857
  • Aug 2, 2024 2:44am Aug 2, 2024 2:44am
Quoting pedro319
{quote} Yes it's overbought, ofc .
ofc?
Its all just one persons opinion
  • #8,858
  • Aug 2, 2024 2:46am Aug 2, 2024 2:46am
Quoting pedro319
Wash and rinse is a very common price pattern that reflects the market mechanics. It is normal for market to do it once, very rarely does it more than twice. (When that happens it means that the move is sustained) So far my understanding is that market makers are placing their short orders. (as I place mine) Let's see more.
So the price is making the spike because of opening a big position by a big player.
But they also pumping the price higher. Is not easy.
  • #8,859
  • Aug 2, 2024 2:48am Aug 2, 2024 2:48am
Quoting axecap
{quote} ofc?
Of course, overbought and oversold are calculated based on previous day (s)
We watch the charts from every angle so you don't have to!!
  • #8,860
  • Aug 2, 2024 2:55am Aug 2, 2024 2:55am
Quoting Mihisti
{quote} I totally agree! This movement made me angry. I was in long and easily stopped me out. I don't know how I can defend this type of behaviour. And this happening many time on Gold. {image}
I don't get why you had a stop loss on this long if you are also shorting from the top??
No point! Technically it's a hedge.
We watch the charts from every angle so you don't have to!!
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