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No attacks just gold trades/analysis

  • #4,001
  • Jun 16, 9:06am (6 hr ago) Jun 16, 9:06am (6 hr ago)
Quoting canyouu
{quote} the reversal was probably for those who didn't bid during Asia and London session to put in their bid, so a buy entry soon and if you are in a buy don't close just hold throughout tomorrow afternoon, so don't close at 4400 area if it gets there.

a possible buy entry by 2:30 or 3 p.m. UTC depending on how the candle closes
  • #4,002
  • Jun 16, 9:23am (6 hr ago) Jun 16, 9:23am (6 hr ago)
Quoting canyouu
{quote} a possible buy entry by 2:30 or 3 p.m. UTC depending on how the candle closes

A buy at 4325-20 sl at 4306
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 39 KB

A buy at 4325-20 sl at 4306
  • #4,003
  • Jun 16, 9:54am (5 hr ago) Jun 16, 9:54am (5 hr ago)
Im still very much bearish on gold. Gold is just not unstable at the moment. Still waiting at my zone cos it keeps stopping me out today.
  • #4,004
  • Jun 16, 9:56am (5 hr ago) Jun 16, 9:56am (5 hr ago)
Quoting canyouu
{quote} A buy at 4325-20 sl at 4306 {image}{image} A buy at 4325-20 sl at 4306
Expected TP?
I entered at 4314.5
  • #4,005
  • Jun 16, 10:11am (5 hr ago) Jun 16, 10:11am (5 hr ago)
Quoting GreatDee
Im still very much bearish on gold. Gold is just not unstable at the moment. Still waiting at my zone cos it keeps stopping me out today.
i Think a clear break of below 4300 will confirm the bear coming.

Cheers
  • #4,006
  • Edited 12:58pm Jun 16, 11:14am (4 hr ago) | Edited 12:58pm
I might be switching bullish on gold from now on. WAR is over says IRAN!!!
The market is a bit tricky today. But still showing that sellers are quite present. If 4300 breaks, then bears will probably have taken control. Tomorrow will probably say alot.
  • #4,007
  • Jun 16, 11:17am (4 hr ago) Jun 16, 11:17am (4 hr ago)
Quoting canyouu
{quote} A buy at 4325-20 sl at 4306 {image}{image} A buy at 4325-20 sl at 4306


if you took this buy don't rush to close it until 4450 or 4500 or maybe tomorrow FOMC because as I said there is a signal already that it could move above 4370 and today's retracement is the fuel that will propel it above 4370 so don't be scared to hold it we will lock profits at the appropriate time tomorrow or this midnight
  • #4,008
  • Jun 16, 12:16pm (3 hr ago) Jun 16, 12:16pm (3 hr ago)
Quoting canyouu
{quote} if you took this buy don't rush to close it until 4450 or 4500 or maybe tomorrow FOMC because as I said there is a signal already that it could move above 4370 and today's retracement is the fuel that will propel it above 4370 so don't be scared to hold it we will lock profits at the appropriate time tomorrow or this midnight
Hi Canyouu,
I just wanted to say thank you. Your trading ideas helped me today. I followed your recommendation, bought around 4320 and closed the trade at 4335. It was a good trade for me. I'm still new to scalping, but I always keep an eye on your posts because I find them very useful.
In your opinion, where would be the next attractive area to look for a long entry?
Thanks again and good luck with your trading!
  • #4,009
  • Jun 16, 12:38pm (2 hr 56 min ago) Jun 16, 12:38pm (2 hr 56 min ago)
Quoting canyouu
{quote} if you took this buy don't rush to close it until 4450 or 4500 or maybe tomorrow FOMC because as I said there is a signal already that it could move above 4370 and today's retracement is the fuel that will propel it above 4370 so don't be scared to hold it we will lock profits at the appropriate time tomorrow or this midnight


Why this crazy volatility? is it because of the Kelvin Warsh first meeting or Japan rate hike
  • #4,010
  • Jun 16, 1:24pm (2 hr 11 min ago) Jun 16, 1:24pm (2 hr 11 min ago)
Quoting Happy77777
{quote} Hi Canyouu, I just wanted to say thank you. Your trading ideas helped me today. I followed your recommendation, bought around 4320 and closed the trade at 4335. It was a good trade for me. I'm still new to scalping, but I always keep an eye on your posts because I find them very useful. In your opinion, where would be the next attractive area to look for a long entry? Thanks again and good luck with your trading!

thank you but I don't scalp because it makes you close trades too early with small profits and few minutes later you want to trade again and it could make you take unnecessary trades that could lead to losses but its not completely bad
  • #4,011
  • Jun 16, 1:29pm (2 hr 5 min ago) Jun 16, 1:29pm (2 hr 5 min ago)
Quoting canyouu
{quote} thank you but I don't scalp because it makes you close trades too early with small profits and few minutes later you want to trade again and it could make you take unnecessary trades that could lead to losses but its not completely bad
I completely agree with you @canyou, that´s why I prefer day trading. Because when scalping you close early and want to take instantly another trade that could become a loss, but when day trading you take one trade per day and end it, even if it's a loss or not.
  • #4,012
  • Jun 16, 2:07pm (1 hr 27 min ago) Jun 16, 2:07pm (1 hr 27 min ago)
Quoting canyouu
{quote} thank you but I don't scalp because it makes you close trades too early with small profits and few minutes later you want to trade again and it could make you take unnecessary trades that could lead to losses but its not completely bad
Yes, I agree with you. That’s exactly why I’d like to learn intraday trading. As a beginner, I still tend to close positions too early. I’m working on improving my patience and discipline. Thanks again for sharing your experience.
  • #4,013
  • Last Post: Jun 16, 2:38pm (56 min ago) Jun 16, 2:38pm (56 min ago)
my dearest traders, Weather you are a Scalping ,day trading,swing/position trading or even hedging, choose what works for you. Treat trading like a business, the overall goal and aim is To achieve consistent profitability by executing a proven edge with discipline and effective risk management over the long term!
Nothing more,nothing less
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