Fomc mins is expected to shed some light of QT, which directly affects liquidity hence assets price. Ending QT meaning more liquidity on the market. Switch on the printer, more liquidity on the market. Dollar value falls as dollar supply increases.

Gold

Could be. If 2470 is met first, i buy or sell if 2537 unfolds. . Because currently i dont have any high probability setup in my favour. I can only wait, before triggering orders. Buying now is risky, as previous swing high already broken. Swing ...

Gold

2537 then 2470? Just holding some longs before reverse to shorts. No Short Yet. US dollar index also at support zone, may bounce higher and hard. US dollar index image GOLD image Gold is high, but not yet scary like was spx before retracement.

Gold

I suppose we are in wave B, US500 image Waiting for external MSS before going short, to reduce the percentage of losing trades. The wave B was a bit longer than i thought. EDIT: Had to re-add lower tf counting (was messy when zoom out) US500 2hr ...

Coreg's EW+HP+D/W Range

Agreed, Todays finance world, not only the actual orders of a security moves price, but it compose of spot, futures, efts, options. When flow of funds moves, both domestic and global, the price movement is large, because the funds move in large ...

Gold

Why?

Gold

I dont understand any sh*t on your chart, except the price action. But glad to know we are making money. The only thing that bound us traders, is we make some and lose some.

Gold

Possibility to close it in green when wave [iv] unfolds.

Gold

Leaving behind great students, measter

Gold

Could be,even me, i dont know We just play with probabilities and money management.

Gold

MSS and Wave 4 has a very common relationship. Many many times, which i perceived as MSS and Wave 4, i chose the mss, but it failed miserably, and price continue to wave 5. Now my money is always on what happen majority of the time from experience, ...

Gold

Can you momentum indicator say we are in an uptrend? Breakout + Retest Or Resistance flip to Support, Immediate retest vs Eventual retest setup Ascending square pattern image I neither give trade calls, nor take trade calls. Just ...

Gold

Since 2 days, all i smell here is short sellers. Their indicators say its over-bought. Looks like they need a trend indicator, telling them how a trend unfolds. "My momentum indicators indicates" Little they knew, falling momentum not equal to ...

Gold

PArtially agree with your statement. Indeed, it is price we make/lose our money. But for price movement, there are multiple factors triggering the orders behind the scene. The "irrelevant" does not define the outcome of the trade, but it increases ...

Gold

Agreed on gold, data today completed wave 4,now wave 5.

Cable Update (GBPUSD)

Snowflake(s)- in plurals form. Never meant to point to you 'personally' If you think you r one memebr of the snowflakes gang, i cannt help it!

Cable Update (GBPUSD)

I dont presume anything. Snowflakes' actions talked for them, even if they say they are not offended. Their words and their actions never matched, and it takes more energy from the brain to perform an action than to say a word. Hence, their actions ...

Cable Update (GBPUSD)

Snowflakes are so fragile that they get offended on a joke not meant for 'em at all.

Cable Update (GBPUSD)

Nope, that is in the hand of the market. This is why sometimes when we place a profit target which we can perceive from market experience/backtests/or whatever system is used, the market either #1 Stop out us immediately or #2 Reach it or, #3 Reach ...

Cable Update (GBPUSD)

Agree. The only thing we can control is how much we are ready to lose.

Cable Update (GBPUSD)