What you see now is shorts coming in by seller expecting 2600 and drop that's why price is hovering right under 2600, the selling volume starts to add up. The risk of course is if the price breaks 2600 it's gonna take all the sellers SL on the way and blast up some more.
- #43,264
- Sep 18, 2024 1:27pm Sep 18, 2024 1:27pm
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
Gold EW Update Possible Shorts opportunities {image} Waiting for 1hr MSS first then dump the short. {image} Thats the beauty of EW, we dont need to accurately count the wave, but we just need to be on the right side of the history. Matter of fact, this does applied not only to EW system but to all systems. As we dont make money on labelling, but on price to move from point A to point B. The system is only here to give us the probability for price to move from A to B. Since Thursday, lots of cunts keep shorting. GL with that. Out of 20trades you...
So Bought at this immediate Breakout Retest. Expecting The eventual retest to deliver tonight also.
DOt plot was more dovish that expected. So expecting Powell to deliver a dovish speech also.
More time in the market, does not mean you trade better!
- #43,275
- Sep 18, 2024 1:41pm Sep 18, 2024 1:41pm
- Joined May 2021 | Status: Trader | 7,225 Posts
my BE hit, better price to short 2591 will add some 93, 95, 97,99 if
People don't plan to lose. They lose because they don't plan.