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  • #44,061
  • Sep 23, 2024 1:06pm Sep 23, 2024 1:06pm
Alright...

M5 suggesting Short. M15 suggesting Short. M30 suggesting Short. H1 stable for now, meaning that a Sell is likely to take place, however, once again this Sell shouldn't be on the heavy side.

Price could drop to around 2600$ it seems and shouldn't really be going much lower then that.

I will go Short at around 2628$.

Price could at most extend the leg to create the double top and we should be on our way down from there, perhaps sooner.

*One thing that could invalidate this whole setup is a very strong rally at once after which I definitely won't be trying to Short anymore.
  • #44,062
  • Sep 23, 2024 1:16pm Sep 23, 2024 1:16pm
war started or something?
  • #44,063
  • Sep 23, 2024 1:16pm Sep 23, 2024 1:16pm
Quoting Orand
{quote} ukrane war and middle east conflict are 2 major cuase of increase in price of gold , and it has nothing to do with obsession with war
Yes, in a sense. But war rather don't have lasting effects on the markets. So to say it right, those 2 wars is just one of many reasons, not major. If they want to shake the markets, if I may say, that they suddenly agree a ceasefire. The whole world know that cannot happen in the near future because the true mastermind behind don't want it to end or escalate
  • #44,064
  • Sep 23, 2024 1:17pm Sep 23, 2024 1:17pm
Short from 2628.2$.
Will probably add some more a little bit higher if the price climbs up further.

Above 2635$ is a warning sign for the Bears and a strong rally could take place.
  • #44,065
  • Sep 23, 2024 1:20pm Sep 23, 2024 1:20pm
Quoting Silver-King
Alright... M5 suggesting Short. M15 suggesting Short. M30 suggesting Short. H1 stable for now, meaning that a Sell is likely to take place, however, once again this Sell shouldn't be on the heavy side. Price could drop to around 2600$ it seems and shouldn't really be going much lower then that. I will go Short at around 2628$. Price could at most extend the leg to create the double top and we should be on our way down from there, perhaps sooner.
M5 suggesting Short.?
M15 suggesting Short.?
M30 suggesting Short.?
But you're talking about gold?
Where do you see a displacement of price?
Haven't you ever heard of pull backs to go long?
I've only heard about shorts for weeks... too bad the price continues to rise
Instead of making up predictions, read and post some decent chats
I'm not referring to you so don't be offended I'm speaking in general.
  • #44,066
  • Sep 23, 2024 1:31pm Sep 23, 2024 1:31pm
Quoting 19monza64
{quote} M5 suggesting Short.? M15 suggesting Short.? M30 suggesting Short.? But you're talking about gold? Where do you see a displacement of price? Haven't you ever heard of pull backs to go long? I've only heard about shorts for weeks... too bad the price continues to rise Instead of making up predictions, read and post some decent chats I'm not referring to you so don't be offended I'm speaking in general.
Posting some decent chart.

Obviously, we were Buying pullbacks, however if the charts are telling me that a potential Short is coming, then I'm in.
Yeah, I was talking about the Gold. I won't be mentioning the Silver anymore on this thread unless someone specifically mentions it, because almost noone follows it.

The higher TF's all suggest that we will continue creating higher highs for the time being, however, smaller TF's sometimes suggest it is time for a pullback (retracement). This retracement, when it happens, isn't meaningless and can produce some decent pips.

Of course, the system I use could be totally wrong and there is no retracement. That's fine... take a loss and move on. Nothing's written in the stone.

No offense buddy... why would I be offended?
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  • #44,067
  • Sep 23, 2024 1:33pm Sep 23, 2024 1:33pm
today, overall made a good profit with scalping. staying away from gold for now. i think geopolitical issues might move the gold price to 2700... who knows?
  • #44,068
  • Sep 23, 2024 1:33pm Sep 23, 2024 1:33pm
Quoting Silver-King
Short from 2628.2$. Will probably add some more a little bit higher if the price climbs up further. Above 2635$ is a warning sign for the Bears and a strong rally could take place.
2630$ looks decent for adding some more and potential double top at 2635$. Beyond that, I'm not adding anymore and will be looking to dump Shorts.

Just to show I'm actually in the trade when I say I am.

Gold is for scalping, Silver for long-term game. Unless the Gold drops under 2400$ and which point the Gold will also become a long-term game.
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  • #44,069
  • Sep 23, 2024 1:48pm Sep 23, 2024 1:48pm
Quoting Orand
{quote} add short at 2629 Sl : 2634(may close manually if not working ) Tp : 2625
closed at : 2627.50
  • #44,070
  • Edited 2:56pm Sep 23, 2024 1:52pm | Edited 2:56pm
Quoting Orand
Short at : 2630 Sl : 2634 Tp : open
closed at 2627.50
---------------------
end of trading
--------------------
Today Problems :
FOMO : it was major problen today , on some of my short i did not wait for my systen addidtiinal confirmation / better entry
Greed : some of my trade goes to decent profit but i did not close them and in the end I have to close them at BE, loss or with less profit
Fear : on one my short I move my sl to BE , which if i did not do that I could have decent profit instead of BE
Having Bias : most of the day I had short bias and ignore most of opportunity against my bias
---------------------

Status : (2pip,-30pip ,50 pip,-30pip,-15pip, 25pio,15pip, ) , Total : +27pip
Today Win Ratio : 4/7or 57%
  • #44,071
  • Edited 2:12pm Sep 23, 2024 2:00pm | Edited 2:12pm
Quoting 19monza64
{quote} M5 suggesting Short.? M15 suggesting Short.? M30 suggesting Short.? But you're talking about gold? Where do you see a displacement of price? Haven't you ever heard of pull backs to go long? I've only heard about shorts for weeks... too bad the price continues to rise Instead of making up predictions, read and post some decent chats I'm not referring to you so don't be offended I'm speaking in general.
Go Short! Trust Me Bro!
Hahahaha

Just kidding! it was just funny that you chose me from anyone else to tell how you're tired of listening people calling for Shorts all the time, while I was constantly against Shorts these last couple of days hahahah.

I guess I'm a people's person...
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  • #44,072
  • Sep 23, 2024 2:07pm Sep 23, 2024 2:07pm
Quoting rzae
Hi guys, When do you think the correction will happen?
It's happening, and if there are no surprise news about geo-politics and all, it should keep happening until Thursday

Why Thursday? Bc US GDP report will come out. Until then, today's PMI report will stay relevant and will be the main driver UNLESS there's a big geo-politic event.

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  • #44,073
  • Sep 23, 2024 2:11pm Sep 23, 2024 2:11pm
Quoting Nordling
{quote} It's happening, and if there are no surprise news about geo-politics and all, it should keep happening until Thursday Why Thursday? Bc US GDP report will come out. Until then, today's PMI report will stay relevant and will be the main driver UNLESS there's a big geo-politic event. {image}
Before someone asks why PMI is that important, i can't tell you that but the guys here who are big on macroeconimcs will understand.

Just know that if i wasn't sure what i was doing i wouldn't sell the all time highs of the Gold

Happy trading and a green week to all!
You have to have an IQ higher than 90 to interact with this user.
  • #44,074
  • Sep 23, 2024 2:16pm Sep 23, 2024 2:16pm
Quoting Nordling
{quote} It's happening, and if there are no surprise news about geo-politics and all, it should keep happening until Thursday Why Thursday? Bc US GDP report will come out. Until then, today's PMI report will stay relevant and will be the main driver UNLESS there's a big geo-politic event. {image}
Let's see by how many pips we will be blessed hahah... have any target in mind or freerollin'?
On Thursday, we have the whole Fed speaking, so it should be one of the more volatile days this week.
  • #44,075
  • Sep 23, 2024 2:17pm Sep 23, 2024 2:17pm
See you tomorrow folks! We'll see then what Asian Session has cooked up...
  • #44,076
  • Edited 2:39pm Sep 23, 2024 2:22pm | Edited 2:39pm
Quoting Silver-King
{quote} Let's see by how many pips we will be blessed hahah... have any target in mind or freerollin'?
2620 first then 2600 but i don't believe in hard targets, these are just vague guesses of mine at this point since we all get what the market gives. Sometimes lower than we expect, sometimes more than that. I will just put a SL at breakeven and hope it's the latter
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  • #44,077
  • Sep 23, 2024 3:31pm Sep 23, 2024 3:31pm
Quoting Tintin2014
war started or something?
Will mark 1 year next month, where you been?
  • #44,078
  • Sep 23, 2024 5:46pm Sep 23, 2024 5:46pm
Quoting rzae
Hi guys, When do you think the correction will happen?
Still early, daily still close as bulish. Its definitely retesting 2635. Pullback is happening soon.
Even if it were to do correcting i believe it will go as far as the 24xx ranges.

There was once, an elliot trader bombarding the group with sell setup assuming the correction till 18xx, which might be possible. But for price to really touch 18xx, lol many years i guess. Wait for the pop, or the proper weekly or monthly bearish closure for a better correction. Because it hasnt appeared yet till now.
Trading is very lonely
  • #44,079
  • Sep 23, 2024 7:27pm Sep 23, 2024 7:27pm
Quoting luckytujuh
{quote} Still early, daily still close as bulish. Its definitely retesting 2635. Pullback is happening soon. Even if it were to do correcting i believe it will go as far as the 24xx ranges. There was once, an elliot trader bombarding the group with sell setup assuming the correction till 18xx, which might be possible. But for price to really touch 18xx, lol many years i guess. Wait for the pop, or the proper weekly or monthly bearish closure for a better correction. Because it hasnt appeared yet till now.

gold will never again drop to 18xx things will only get worse politically from now hence forth and gold will remain the safe haven, investors portfolios will be heavy on gold. The dollar will soon lose its grip. Once we are done with these election a lot will change. Gold will stabilize above 3k
Look ahead. Reste positif
  • #44,080
  • Sep 23, 2024 8:06pm Sep 23, 2024 8:06pm
Quoting Serve
{quote} gold will never again drop to 18xx things will only get worse politically from now hence forth and gold will remain the safe haven, investors portfolios will be heavy on gold. The dollar will soon lose its grip. Once we are done with these election a lot will change. Gold will stabilize above 3k

gold hasn't down jack since 1980 adjusted for inflation

people have to pay to store physical gold or coins usually in a banks safe deposit box so lots of people losing money in all kinds of ways on gold

https://www.macrotrends.net/1333/his...100-year-chart

once one of those ufo aliens that fly around lands and tells earthlings how to make gold like they told scientists how to make diamonds in a lab it wont be worth a plug nickel
short trump and go long the deepstate
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