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Make More Money - Eliminate DRAMA 11 replies

Just posting my trades, everyone is welcome but no drama 2 replies

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Gold with No Drama

  • #58,981
  • Jun 23, 4:04pm (5 hr ago) Jun 23, 4:04pm (5 hr ago)
Quoting Deal
{quote} I give you an example, today like yesterday i am not a buyer or a seller. i wait for 4061/4056 zone bearish side, then after 4h open close i will see what the open print as average, because open fractal plays many times important role to daily movement. Sometimes, is the fractal close, sometimes is the open fractal... I don't try to guess where we go, i try to guess where they can go and if is a target, obvious will be a limit or a taking profit zone... If i want trade in the middle by any other pattern you can have sure that the targets...
I heard a rumor today that Gold will finish the year at a range of 2100 - 2600 US$, I was really shocked, however viewing it in accordance to the expected US$ strength and the excessive avalanche of market dynamics, I believe this might totally sabotage the bullish perspective.
  • #58,982
  • Jun 23, 4:08pm (5 hr ago) Jun 23, 4:08pm (5 hr ago)
Quoting shawkat2025
{quote} I heard a rumor today that Gold will finish the year at a range of 2100 - 2600 US$, I was really shocked, however viewing it in accordance to the expected US$ strength and the excessive avalanche of market dynamics, I believe this might totally sabotage the bullish perspective.
This infection puts the silver in a range of 36 - 41 $, the rumor also hinted a US $ strength among all the majors, specially the GBP and the CAD. Currently i am checking all the charts and can see for example possibilities like the AUD is testing a crucial support level for the rally from last November.
  • #58,983
  • Jun 23, 4:11pm (5 hr ago) Jun 23, 4:11pm (5 hr ago)
Quoting shawkat2025
{quote} This infection puts the silver in a range of 36 - 41 $, the rumor also hinted a US $ strength among all the majors, specially the GBP and the CAD. Currently i am checking all the charts and can see for example possibilities like the AUD is testing a crucial support level for the rally from last November.
Maybe, a careful study of the market dynamics as well as the expected US economy strength is advisable. Will love to hear what the technical masters here think. And will appreciate it of course. Thanks.
  • #58,984
  • Jun 23, 4:15pm (5 hr ago) Jun 23, 4:15pm (5 hr ago)
Quoting shawkat2025
{quote} Maybe, a careful study of the market dynamics as well as the expected US economy strength is advisable. Will love to hear what the technical masters here think. And will appreciate it of course. Thanks.
It is to be noted that, the DXY has just took a very important resistance level today, every time it took such a resistance level it was a tremendous break through, so I believe a careful study of the whole situation is advisable.
  • #58,985
  • Jun 23, 4:20pm (5 hr ago) Jun 23, 4:20pm (5 hr ago)
Quoting shawkat2025
{quote} It is to be noted that, the DXY has just took a very important resistance level today, every time it took such a resistance level it was a tremendous break through, so I believe a careful study of the whole situation is advisable.
A more resilient jobs market readings will add more crediblity to the scenario, tomorrow unemployment announcement is very important to watch. As it might trigger a huge US$ shorts recovery.
  • #58,986
  • Jun 23, 4:22pm (5 hr ago) Jun 23, 4:22pm (5 hr ago)
Looks like we'll have to bring trading home today, how sad
  • #58,987
  • Jun 23, 4:23pm (5 hr ago) Jun 23, 4:23pm (5 hr ago)
Quoting shawkat2025
{quote} I heard a rumor today that Gold will finish the year at a range of 2100 - 2600 US$, I was really shocked, however viewing it in accordance to the expected US$ strength and the excessive avalanche of market dynamics, I believe this might totally sabotage the bullish perspective.
Nothing is impossible.
To average this kind of range as potential perhaps a 5 years average.
But this is the problem of day trader, people are looking for long term targets and stick to their beliefs...
As day trader we should trade day by day, or candle by candle... It can be daily, weekly, monthly or year...
Each one tell diferent stories...
And whatever the direction they take, at every expansion in normal market conditions, people will see them average, or what people want to call it...
3553 is possible and 2724 is 1 deviation to bearish side, if we have into account year move up 1.5 why not move 1.5 lower?
Will give around price you mention... And that will be just average range.
For who trade average price most of the time it is a thing that will not surprise me if we get there.
Personally i will always prefer buys than sells in gold despite i trade both.
  • #58,988
  • Jun 23, 4:33pm (5 hr ago) Jun 23, 4:33pm (5 hr ago)
Quoting Deal
{quote} Nothing is impossible. To average this kind of range as potential perhaps a 5 years average. But this is the problem of day trader, people are looking for long term targets and stick to their beliefs... As day trader we should trade day by day, or candle by candle... It can be daily, weekly, monthly or year... Each one tell diferent stories... And whatever the direction they take, at every expansion in normal market conditions, people will see them average, or what people want to call it... 3553 is possible and 2724 is 1 deviation to bearish...
The only weired thing I can not figure out, there is no fundamentals at all for the Gold 6000 - 10000 rhetoric at all. Maybe i wish i had a crystal ball to see through it but everytime i recall Warsh last press conference also recalling his face for me looks like a credible crystal ball. Who knows !
  • #58,989
  • Jun 23, 4:36pm (5 hr ago) Jun 23, 4:36pm (5 hr ago)
OK, partials taken, caution at 4088 monthly level....
Wednesday like to sweep a lot tuesday to reverse last couple of weeks...
Was the reason i engage in this one...
But still not being a seller or a buyer....
The reason is simple, we are near end of the month and quarterly.
Safe trades.
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  • #58,990
  • Jun 23, 4:38pm (5 hr ago) Jun 23, 4:38pm (5 hr ago)
Quoting shawkat2025
{quote} The only weired thing I can not figure out, there is no fundamentals at all for the Gold 6000 - 10000 rhetoric at all. Maybe i wish i had a crystal ball to see through it but everytime i recall Warsh last press conference also recalling his face for me looks like a credible crystal ball. Who knows !
Don't pay to much attention at long term, trade short, is all we need good setups and consistent ones.
  • #58,991
  • Jun 23, 4:41pm (5 hr ago) Jun 23, 4:41pm (5 hr ago)
Quoting Deal
{quote} Don't pay to much attention at long term, trade short, is all we need good setups and consistent ones.
Silver is now fighting the 61 barrier !
  • #58,992
  • Jun 23, 4:42pm (5 hr ago) Jun 23, 4:42pm (5 hr ago)
Quoting shawkat2025
{quote} Silver is now fighting the 61 barrier !
If it touches the 50sh level, expect an enourmous plunge.
  • #58,993
  • Jun 23, 4:51pm (5 hr ago) Jun 23, 4:51pm (5 hr ago)
Quoting shawkat2025
{quote} Silver is now fighting the 61 barrier !
I only trade gold...
And now 4088 is acting as support, is a monthly level, we not go to 4061/56 without 1h closing below this level...
  • #58,994
  • Jun 23, 4:52pm (5 hr ago) Jun 23, 4:52pm (5 hr ago)
Quoting Goldslave
{quote} Bullish Divergence forming on M30.....(need more confirmation) ....invalid if current low taking back My imitial bear target at 4000...but will adapt with what market offers. Let see....NY up coming
Yesterday....4164 is my invalidation for bear....

runner targeted 4000....if reach there for today.....with buys as a pullback/retracement concept.

4000_4030 last defend for bullside....will see
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Stay Gold
  • #58,995
  • Jun 23, 4:56pm (5 hr ago) Jun 23, 4:56pm (5 hr ago)
Quoting Deal
{quote} I only trade gold... And now 4088 is acting as support, is a monthly level, we not go to 4061/56 without 1h closing below this level...
Even if it closes above it on the H1 candle, I expect massive US$ purchase from the Asians specially because of the rumors or the mew pieces of news.
  • #58,996
  • Jun 23, 4:58pm (5 hr ago) Jun 23, 4:58pm (5 hr ago)
Quoting shawkat2025
{quote} Even if it closes above it on the H1 candle, I expect massive US$ purchase from the Asians specially because of the rumors or the mew pieces of news.
I am waiting to see the DXY open in some minutes and how a follow up will mature.
  • #58,997
  • Jun 23, 5:00pm (5 hr ago) Jun 23, 5:00pm (5 hr ago)
Quoting shawkat2025
{quote} I am waiting to see the DXY open in some minutes and how a follow up will mature.
Also, it is clear now why the Japanese are not interfering recently, Japanese are so smart really.
  • #58,998
  • Jun 23, 5:03pm (4 hr ago) Jun 23, 5:03pm (4 hr ago)
These days, the Asian season is more active than New York.
  • #58,999
  • Jun 23, 5:04pm (4 hr ago) Jun 23, 5:04pm (4 hr ago)
Quoting shawkat2025
{quote} Also, it is clear now why the Japanese are not interfering recently, Japanese are so smart really.
japs was very smart, look at history records previous, after big lesson of atomic, they hide their true poweer very deep down...
  • #59,000
  • Jun 23, 5:07pm (4 hr ago) Jun 23, 5:07pm (4 hr ago)
Quoting shawkat2025
{quote} Even if it closes above it on the H1 candle, I expect massive US$ purchase from the Asians specially because of the rumors or the mew pieces of news.
Looking to 1h is what is needed to potential go lower, as tf above still everything possible...
But pay attention, as weekly movement around 199/203 from the high or low that i expect, the buy target with this sweep gives 4293 and what do we have there? Monthly vwap...
Maybe is random, maybe is not....
To me is a message to respect what they are doing and not stick with sells only.
I mention prior this last couple of weeks they are running this pattern
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