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  • #541
  • Oct 2, 2024 8:05am Oct 2, 2024 8:05am
Quoting Fadhl
I switched gear. Same thing... all will depend on the candle close at the opening range. {image}
I jumped in as both Gold and Oil are dropping, even if price did not hit the top of the opening range.
  • #542
  • Oct 2, 2024 8:07am Oct 2, 2024 8:07am
You can see the trade that I should’ve taken and the trade I took. At the current moment I’m using a funded account. I finally broke even and now I’m at 50k once again.
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  • #543
  • Oct 2, 2024 9:58am Oct 2, 2024 9:58am
I missed the AM session, but I wouldn’t have jumped in anyway. The price action is too choppy. In my opinion, I have the same view as yesterday—they’re loading the price to go up. I won’t trade today, and I’ll be careful tomorrow since it’s the day before NFP!
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  • #544
  • Oct 2, 2024 1:05pm Oct 2, 2024 1:05pm
Quoting Fadhl
I switched gear. Same thing... all will depend on the candle close at the opening range. {image}
Closed this trade with a little profit.
The rally up did not realize!
  • #545
  • Oct 2, 2024 1:11pm Oct 2, 2024 1:11pm
End of day analysis:
Market has already put the risk of war at lower level but still present.
NQ close is irrelevant. We got an inside bar. The market behavior is the manifest of uncertainty.
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  • #546
  • Oct 3, 2024 5:16am Oct 3, 2024 5:16am
Quoting Fadhl
End of day analysis: Market has already put the risk of war at lower level but still present. NQ close is irrelevant. We got an inside bar. The market behavior is the manifest of uncertainty. {image}
Good day!
NQ continue consolidating inside the daily bar. Until the breakout of Tuesday's bar, it will be just noise and uncertainty.
We have two relevant data to employment:
Unemployment Claims and ISM Services PMI
Same rationale: bad data is bad for equities and vice-versa. Inline data, NQ might continue its consolidation until tomorrow's data with NFP. Until then, GL!
  • #547
  • Oct 3, 2024 7:02am Oct 3, 2024 7:02am
As anticipated, the price is still consolidating, so it's not a good time to trade. The reason is that we have the NFP tomorrow.
I'm waiting for an opportunity to buy, but where the price is right now is not an optimal time. I don't think I'll press any buttons today, as there's no confirmation setup.
Edit :
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  • #548
  • Oct 3, 2024 7:52am Oct 3, 2024 7:52am
Took this trade. Liq sweep and following with a break of structure and waited for a 5 minute FVG and waited for a retracement and shorted and target previous areas of liquidity. 1:1 RR.
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  • #549
  • Oct 3, 2024 8:09am Oct 3, 2024 8:09am
No trade for me today! Price is going nowhere// another inside bar is expected.
  • #550
  • Oct 3, 2024 10:31am Oct 3, 2024 10:31am
Quoting dummytt
Possible trend for the following days. {image}
Price is following the trend mentioned before.
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My posts are for educational purpose only.
  • #551
  • Oct 3, 2024 11:47am Oct 3, 2024 11:47am
Quoting dummytt
{quote} Price is following the trend mentioned before. {image}
Is this the "G-channel trend detection" indicator on the 4 hr time frame?
  • #552
  • Oct 3, 2024 12:32pm Oct 3, 2024 12:32pm
Boring day after all... Risk is still on after Biden comments... Another inside bar...See you tomorrow! Have a good one!
  • #553
  • Oct 3, 2024 7:34pm Oct 3, 2024 7:34pm
I will be looking to buy today if the data is not super negative
  • #554
  • Oct 3, 2024 7:52pm Oct 3, 2024 7:52pm
Quoting BikB
{quote} Is this the "G-channel trend detection" indicator on the 4 hr time frame?
Supertrend
My posts are for educational purpose only.
  • #555
  • Edited 5:21am Oct 4, 2024 5:10am | Edited 5:21am
Good day!
NFP data is coming! Employment data is the most important two components; Average hourly earnings is quite irrelevant.
Same story: bad data is bad for equities and vice-versa.
As risk of war is high. Any open position should be closed by end of day/week.
If data is bad, the downside movement will be way more important than the opposite as this falls inline with the high risk. Levels to the downside are: 19635-19400-19285
To the other side: 20085.
GL!
  • #556
  • Oct 4, 2024 5:44am Oct 4, 2024 5:44am
Quoting Fadhl
Good day! NFP data is coming! Employment data is the most important two components; Average hourly earnings is quite irrelevant. Same story: bad data is bad for equities and vice-versa. As risk of war is high. Any open position should be closed by end of day/week. If data is bad, the downside movement will be way more important than the opposite as this falls inline with the high risk. Levels to the downside are: 19635-19400-19285 To the other side: 20085. GL!
What's a surprise: An overshoot!
It seems 20085 will be reached even before NY open!
  • #557
  • Oct 4, 2024 5:58am Oct 4, 2024 5:58am
I have the distinct impression that many of these figures are manipulated to create public confidence...

a 100k forecast error in a figure that only started at 150k ????

Not very likely..!!!
  • #558
  • Oct 4, 2024 6:05am Oct 4, 2024 6:05am
Quoting sj9bp20
I have the distinct impression that many of these figures are manipulated to create public confidence... a 100k forecast error in a figure that only started at 150k ???? Not very likely..!!!
Manipulation of data is very possible nowadays in particular if the old guard in US are not interested by Trump. As this data favors definitely Harris.
  • #559
  • Oct 4, 2024 6:30am Oct 4, 2024 6:30am
My only goal is to buy if the setup presents itself with confirmation.
But for now, there is no confirmation for me, although we are obviously bullish.
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  • #560
  • Oct 4, 2024 6:35am Oct 4, 2024 6:35am
Selling the bounce.....

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