Gold with No Drama

Quoting DanGold

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{quote} If you look close at all price action when data comes out, it tends to be a liquidity grab. It's the vehicle that creates volatility to get prices to order setups for major players. Heavy impact data is good for USD? Gold drops to some resistance or slightly below and then launches the other side. Same is data is bad. And on top of that, the amount of times data is released and then revised shortly afterwards is just hilarious, if you don't lose money on it. It's the exact reason why it's really tricky to be in or...

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Quoting has22v

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Sellers and buyers are being roasted

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Quoting rambutan7

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{image}

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Quoting da911vid

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{quote} Yeah sorry, i accidently wrote "bad" i wanted to say good. Thank you for taking your time to explain.

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Quoting louiiey

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{quote} Okay but this is not a joke, liquidity is literally where everyone's stops are. People often place their stops right on highs and lows. In this case of the trade I shared, It seems that liquidity was taken (where my trades were placed) then a long accumulation happened and liquidity was taken again from right below that low. NY likes these sorts of moves as their session has the most volume. I recommend if you want to trade liquidity that you do so on really obvious liquidity pools. Asia high/low, London high/low. I would not recommend 'revenge...

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Quoting MoneyPrinte

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{quote} OMG..what the heck..hehe..market always win {image}

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Quoting sd59

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{quote} I cannot count the number of times I have been stopped out and price then continues in same direction as my trade!! These b*stards see everything! Someone on the forum has a favourite quote from somewhere that 'liquidity is where everyones stops are'.

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Quoting DanGold

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{quote} No worries, you were correct as you said "bad for gold" which is automatically true if it's good for USD since the pairing is XAU/USD There is an extra layer with these 2 because both tend to be seen as safe havens, although USD is losing that status more and more. Another layer is that you need to think about what you'd do with your money when something like this happens. Imagine you're a big asset manager and you have billions in risk assets like stocks, and due to bad data it looks like it will be going down and you will lose...

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Quoting Mrafi1982

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{quote} I took the buy as well, but I think the market is gonna dump to 4947

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Quoting DanGold

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{quote} No worries, you were correct as you said "bad for gold" which is automatically true if it's good for USD since the pairing is XAU/USD There is an extra layer with these 2 because both tend to be seen as safe havens, although USD is losing that status more and more. Another layer is that you need to think about what you'd do with your money when something like this happens. Imagine you're a big asset manager and you have billions in risk assets like stocks, and due to bad data it looks like it will be going down and you will lose...

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Quoting Xronic

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still Holding shorts till 4840.19

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Quoting MoneyPrinte

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{quote} OMG..what the heck..hehe..market always win {image}

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