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  • #50,201
  • Nov 1, 2024 7:43am Nov 1, 2024 7:43am
Quoting sadsoul
12k ? seriously ? what kind of result is this ? is it a typo or what ?
The dignity of bureaucracy
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  • #50,202
  • Edited 8:14am Nov 1, 2024 7:44am | Edited 8:14am
Quoting Nordling
GU Long for NFP data, sharing GU chart here since my friend asked me to show a live trade. Limit buy orders are placed, one position on top is open. {image}
Good. I bought GU and shorted UJ too. Cheers to everyone.

Closed all now.

Happy Holidays!!!
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The market hides a perfect geometry.
  • #50,203
  • Nov 1, 2024 7:44am Nov 1, 2024 7:44am
Quoting sadsoul
with this 12k result ? why gold didn't shoot sky rocket ?
expected maybe hurricane strikes don’t know might still do
  • #50,204
  • Nov 1, 2024 7:48am Nov 1, 2024 7:48am
Quoting FulMargnAlch
{quote} Good. I bought GU and shorted UJ too. Cheers to everyone. Closed all now. Happy Holidays!!!
Thanks! Happy holidays to you too mate!
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  • #50,205
  • Nov 1, 2024 7:49am Nov 1, 2024 7:49am
Quoting sadsoul
with this 12k result ? why gold didn't shoot sky rocket ?
It is important to note that causation ≠ correlation.

Weakness in DXY doesn’t necessarily mean that gold will continue to go up. Other factors can also be at play here. For all we know, this could have been priced in already.

Of course, gold could still go up once NY session starts.
  • #50,206
  • Nov 1, 2024 7:57am Nov 1, 2024 7:57am
Quoting Nordling
GU Long for NFP data, sharing GU chart here since my friend asked me to show a live trade. Limit buy orders are placed, one position on top is open. {image}
Closed at 12955. Shame that it didn't trigger my long orders below. Small win but still a win. Wishing everyone a good weekend!
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  • #50,207
  • Edited 8:24am Nov 1, 2024 8:11am | Edited 8:24am
https://www.forexfactory.com/thread/...5#post15047645
XAUUSD M30
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statistics salad, I go long up to max 2775 today and
stay with all the other positions short, see my morning report (including pendings)

see you tomorrow
  • #50,208
  • Nov 1, 2024 8:18am Nov 1, 2024 8:18am
Time to open short again or wait for NY to confirm direction… thoughts
  • #50,209
  • Nov 1, 2024 8:21am Nov 1, 2024 8:21am
Quoting Isabella_D
XAUUSD M30 {image} statistics salad, I go long up to max 2775 today stay with all the other positions short, see my morning report (including pendings) see you tomorrow
Is it because on 1 hour fib retracement 2776 is 0.786 level of fib-retracement and also 1 hour bearish Order Block too ?
  • #50,210
  • Nov 1, 2024 8:21am Nov 1, 2024 8:21am
Quoting Interesting0
Time to open short again or wait for NY to confirm direction… thoughts
No rush. Be patient and opportunity will arise once NY opens
  • #50,211
  • Nov 1, 2024 8:21am Nov 1, 2024 8:21am
Quoting Interesting0
Time to open short again or wait for NY to confirm direction… thoughts
this news is pending
ISM Manufacturing PMI
  • #50,212
  • Nov 1, 2024 8:25am Nov 1, 2024 8:25am
I opened a swing Sell Lmt position at 2773.
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  • #50,213
  • Nov 1, 2024 8:27am Nov 1, 2024 8:27am
is it similar ?
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  • #50,214
  • Nov 1, 2024 8:29am Nov 1, 2024 8:29am
Quoting dempire1
{quote} Are they liquidity providers? They work on bid/ask prices? in forex you can’t build HFT systems as a trader because it’s OTC market and no way to read real order flow(yes you can’t everybody that thought so you’ve been scammed by sharlatans). Im 100% sure that quants don’t use any TA. The best I did within OTC market is measure volatility with std and use % changes to find buy opportunities. It’s only buy sided. But I’m happy for you, keep learning!
Yep they do work as liq providers. Fixing bid/ask prices, market making but that's a whole different desk. They are more on the broker side of the business. And like you said they can't read the market orderflow. They can only read their client's orders just like our regular brokers. Which is mostly automated now. Unless it's a big fish in a tank, no one reads it

Quants focus on macroeconomics, news, trends and coding. Their job is to backtest, fix/improve algos, and code new ideas that their senior/strategist asked for. Quants are doing the hard, boring work
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  • #50,215
  • Nov 1, 2024 8:33am Nov 1, 2024 8:33am
Quoting sadsoul
{quote} Is it because on 1 hour fib retracement 2776 is 0.786 level of fib-retracement and also 1 hour bearish Order Block too ?
That's just a side note.
The above value long is a maximum value for me today, I won't go any higher. But I have a pending short above. I'm short as often mentioned and think we're very close to the election, which I see as not invigorating for all assets.
In my opinion, charts are no longer of much use at the moment, I should have left it out
  • #50,216
  • Nov 1, 2024 8:48am Nov 1, 2024 8:48am
was a nice day yesterday. just that I dont want to show off by posting my profits screenshot like others. I told Mr 200% remember the screenshot you posted in the morning and look what happened to him by evening yesterday. as long as gold goes if gold is unable to breach 2761 it can fall straight to 2733 and then 2725 followed by 2708 by next week.
  • #50,217
  • Nov 1, 2024 8:48am Nov 1, 2024 8:48am
Quoting sadsoul
is it similar ? {image} {image} {image}
I'm looking for the retest of 2771. The flag or your wedge are there just for additional confluence.
  • #50,218
  • Nov 1, 2024 8:49am Nov 1, 2024 8:49am
Quoting Fadhl
I opened a swing Sell Lmt position at 2773. {image}
honestly dont wait for this level to sell. open a short here and set sl at 2765. if it breaches leave it for the day.
  • #50,219
  • Nov 1, 2024 8:54am Nov 1, 2024 8:54am
Quoting giveachance
{quote} honestly dont wait for this level to sell. open a short here and set sl at 2765. if it breaches leave it for the day.
2771-2773 will be tested in my view prior to any continuation down.
  • #50,220
  • Nov 1, 2024 9:05am Nov 1, 2024 9:05am
Quoting giveachance
was a nice day yesterday. just that I dont want to show off by posting my profits screenshot like others. I told Mr 200% remember the screenshot you posted in the morning and look what happened to him by evening yesterday. as long as gold goes if gold is unable to breach 2761 it can fall straight to 2733 and then 2725 followed by 2708 by next week.
2762 might be taken out not sure on the bearish strength anymore
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