Gold

cash me outside..

If 3390 breaks, next potential target for bulls is 3398

bottom ticked the up move at 3418 in a micro trade, upside movement was great today!

sold gold

maybe double top and sell tomorrow.. let's see

Anyone still holding their buys?
I plan on holding to 3406.. if that's a bad idea, kindly advice

i have sell orders all the way at 3377, what do i do yall?

hold it, itll fall from now, tommorow

careful with your positions.. potus is having cabinet meeting. might have fast up and downs

i have my tp at 3372 is that realistic? i need confirmations im really scared rn lol

I'll just close all positions 15 mins before NY close

its possible

you are commercial why you asking retail the direction ??

Get outta here with your rubbish

Still holding buys on Gold … the rebreak gave double confirmations

one small short left at 3388th, SL60, without TP for now
out with everything else
see u tomorrow

Done for today—no trades.

Hello Guys,
the real Question i am wondering about the market is.
can it hold its breath untill PCE ans NFP?
that is actually my only concern,
i dont care about 20-30$ move it doesnt effect my account because use 1:1 leverage so 100$ move will give me 10% loss.
problem is what if NFP prints higher or PCE will shift the Sentiment
and NFP may very well will purprize this time,
those numbers PCE NFP is all a game,
the true Move will be done at NFP like always market reaction is not much but 36% liquidity comes from banks and institutes, private quity firms, hedge funds,
those are the one i care about,
because those throw billions just to shake the market and make millions
you might have seen it on friday not in gold but look at EURUSD and GBPUSD it went up 100 pips both of them then down exactly where they started in less then 48 hours of trading.
they bloody hell manipulate market soo smoothly most dont even realize they did it.
it is slow but effective strategy.
and almost invisible.
you think it was retracement but if you hold your buy and and waited for monday you almost lost 50% of your profit
that is why i almost always just like to see the pairs move,
i might go with cross pairs.
better safer option in my expereince anyways.
even if i go with GOLD i use both GOLDusd and EURgold even GOLDpound also.
and germany's 268B dollar bet is one of the reason EURUSD is not very attractive now.
so if were to sell USD i will go with pound.
just my 2 cents.
as i said before also, i don't rely on one pair.
last week and this one also EURNZD has been amazing 150 pips in 1 trade and mini trades got me 320 pips in total.
so honestly i am done for the month.
but i like gold around 3400-3420

hey this is just me me few traders we trade we analyze we try to manage risk,
that is what matters to us RISK not the profit,
money will always be there trust me, specially in spot trading
but if you can learn to manage risk some day you will remember me and maybe will thank god you found a way to learn the risk management,
i am not talking about bullshit per pip trade or risk of single trade but risk management of whole account for months,
that is why myfxbook is great it shows you daily hourly risk max draw down of total open positions, the reward.
but other platform even trading view mt4 mt5 ninjatrader, trade station etc.
they cannot tell you the past month or even week detailed analysis like the other websites do even fxblue is not bad fxstat and others its not to advertize its to keep tracks of you rtrading portfolio or account to see where you took too much risk, so you can manage next time and in this market
the best thing you can do is Low risk low reward, is the 100% winning strategy many have used.
but again the big problem is not one wants to wait for 5 years to grow their account
you want quick profits quick results.
that is the reason crypto market is booming because of high risk high reward.
check bitcoin one day it goes up 7K then next day another 5k and same day clsoed -2k and now it is down 14k in just few days.
and liquidated almost 930M of retail traders money with it. and that only took 5 days and almost trillion$ is done.
its not gone actually its called transfer of wealth.
it just transfered from retail traders to whale accounts.
it is fact bybit and binance confirmed it.
they say 528B still if you believe them $528 Billion is not a small amount.
its more then the US GDP alone

dont get me wrong i dont hate bitcoin i am in love with it.
i am where i am today is 50% because of bitcoin but i left after it hit 100K.
i will get in again if it came to 70k or 50k who knows 2021 is the year bitcoin hit 73k then back to 25K
that is where i bought 30K till 75K that more then enough for me, hold few positions for 100K small one's those also made hell of profit.
my point is gold is not bad i love it but not every day.


but again the timing is very very important because it has no fundamentals it just moves on in flows and out flows
someone sold 100K bitcoin,
few whale accounts since 2014 got active and moved some bitcoins fear they might be moving to another asset because bitcoin is over valued according to many economist not these fake one's on websites which if you bother to check dont even have economist degrees,
as they say DEVIL is in the details.

so what you want to ask your self is one thing.
how far the rabit hold you are willing to do to find the truth or to understand how this market actually works,
because i can tell you with 100% asurity its not technical traders who make millions.
technicals are just a tool to get in and out of trades at a good point.
for me for us actually that is all technicals are,
back in 2010-2012 i thoguht techical trading was the way to get rich to to make money in long term i am talking about decades.
but thank god i turned to fundamentals.

if you are making 5% or 10% per month but consistent.
you are 50 times better then those who make 30-50% one month and lost 20% next and after 6 months account is gone,
and start fresh and repeat.

so maybe its time to understand and learn what fundamentals actually are,
one thing i can tell you for now its not the NEWS.
some day many of you will figure out but what i fear is it maybe too late,
i was lucky to be honest to find the way soo soon just 3 years but not many did,
i have seen thousands came and gone not just FF other forums, social trading websites
not me actually i have traders friends atually who do that.
and some times they just take script which i wrote and post it.
just trying to give back what we have learned fro mthis market.

Good Luck guys.

regards,
Abdul Rehman.

closed out on my buys

closed out … searching for new structure to re - buy