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  • #9,681
  • Jun 14, 2023 11:26pm Jun 14, 2023 11:26pm
I had a sale order at 1943, I closed at minimal loss 30c, and changed it to buy after market reversed from 1940, just woke up to this. Any idea will the market recover around USD news?
Failure is the mother of success: learn from 'her'
  • #9,682
  • Jun 14, 2023 11:26pm Jun 14, 2023 11:26pm
As the fed pauses the interest rate, i do assume it will bring bull to xauusd till the next FED Meeting for the plumetting xauusd

dont you guys agree?
  • #9,683
  • Jun 14, 2023 11:29pm Jun 14, 2023 11:29pm
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Attached File(s)
File Type: ex4 orderblock.ex4   87 KB | 344 downloads

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File Type: ex4 VisualTrading.ex4   383 KB | 376 downloads
  • #9,684
  • Jun 14, 2023 11:45pm Jun 14, 2023 11:45pm
Quoting K7420
I had a sale order at 1943, I closed at minimal loss 30c, and changed it to buy after market reversed from 1940, just woke up to this. Any idea will the market recover around USD news?
London Session can fulfill your expectations...I am expecting rise in price from 1928,1929 area to 1946 maximum.Trade safe
  • #9,685
  • Jun 14, 2023 11:52pm Jun 14, 2023 11:52pm
Quoting K7420
I had a sale order at 1943, I closed at minimal loss 30c, and changed it to buy after market reversed from 1940, just woke up to this. Any idea will the market recover around USD news?
I prefer you to not rely on economic events with the hope that you can recover loss but try to recover it or minimize it before or after the economic event because it could be very dangerous. Better to avoid those events and try to something after the result out.Only my one cent suggestion otherwise capital is yours and you can do as you wish. Trade safe
  • #9,686
  • Jun 15, 2023 12:00am Jun 15, 2023 12:00am
Quoting parveenverma
{quote} I prefer you to not rely on economic events with the hope that you can recover loss but try to recover it or minimize it before or after the economic event because it could be very dangerous. Better to avoid those events and try to something after the result out.Only my one cent suggestion otherwise capital is yours and you can do as you wish. Trade safe
Thank you for your suggestion Parveen.
Failure is the mother of success: learn from 'her'
  • #9,687
  • Jun 15, 2023 12:02am Jun 15, 2023 12:02am
Quoting wcoffee
As the fed pauses the interest rate, i do assume it will bring bull to xauusd till the next FED Meeting for the plumetting xauusd dont you guys agree?
no
short trump and go long the deepstate
  • #9,688
  • Jun 15, 2023 12:08am Jun 15, 2023 12:08am
#GOLD / H4
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  • #9,689
  • Jun 15, 2023 12:09am Jun 15, 2023 12:09am
Quoting K7420
{quote} Thank you for your suggestion Parveen.
Be wary, not all who offer advice bear good advice.
  • #9,690
  • Jun 15, 2023 12:11am Jun 15, 2023 12:11am
Quoting K7420
I had a sale order at 1943, I closed at minimal loss 30c, and changed it to buy after market reversed from 1940, just woke up to this. Any idea will the market recover around USD news?
if you get scared out of a trade after just 3 pips your either trading the 1 minute chart or your size and leverage to big...stop doing both
short trump and go long the deepstate
  • #9,691
  • Jun 15, 2023 12:13am Jun 15, 2023 12:13am
Quoting Zebi
{quote} if you get scared out of a trade after just 3 pips your either trading the 1 minute chart or your size and leverage to big...stop doing both
Boss what do you suggest should be the buy zone now
  • #9,692
  • Jun 15, 2023 12:18am Jun 15, 2023 12:18am
Quoting Zebi
{quote} if you get scared out of a trade after just 3 pips your either trading the 1 minute chart or your size and leverage to big...stop doing both
No, it reversed from a support at 1939. I had that in mind, I shouldn't have slept with a trade open, specially after FOMC.
Failure is the mother of success: learn from 'her'
  • #9,693
  • Jun 15, 2023 12:26am Jun 15, 2023 12:26am
Quoting Zebi
{quote} no
Does no mean this will allow the xauusd to plummet till the next fed red increase? and another plumetting session?

Cheers
  • #9,694
  • Jun 15, 2023 1:04am Jun 15, 2023 1:04am
Quoting K7420
{quote} No, it reversed from a support at 1939. I had that in mind, I shouldn't have slept with a trade open, specially after FOMC.
Price reversed from a imp level for short term.Price can revisit 1932 or slightly more before further rise.I hope you have closed your trade.Trade safe
  • #9,695
  • Jun 15, 2023 1:17am Jun 15, 2023 1:17am
Quoting parveenverma
{quote} Price reversed from a imp level for short term.Price can revisit 1932 or slightly more before further rise.I hope you have closed your trade.Trade safe
yes already closed at 1938.5 Thank you.
Failure is the mother of success: learn from 'her'
  • #9,696
  • Jun 15, 2023 1:24am Jun 15, 2023 1:24am
Quoting pedro319
{quote} Despite stop hunt, pattern still valid.
Intermediate targets: 1915 and 1912.
We watch the charts from every angle so you don't have to!!
  • #9,697
  • Jun 15, 2023 1:25am Jun 15, 2023 1:25am
CMP 1936.

Bulls coming in, but sustained or not remains to be seen.
  • #9,698
  • Jun 15, 2023 1:26am Jun 15, 2023 1:26am
Quoting wcoffee
As the fed pauses the interest rate, i do assume it will bring bull to xauusd till the next FED Meeting for the plumetting xauusd dont you guys agree?
As a result, the Fed's decision to suspend interest rate hikes did not make gold go up, but rather made it go down.
Of course, the reasons may be multiple. But the logic that the Fed raises interest rates and gold falls, and the Fed cuts interest rates and gold rises, is not entirely correct.
Just follow the trend.
  • #9,699
  • Jun 15, 2023 1:29am Jun 15, 2023 1:29am
Quoting parveenverma
{quote} Price reversed from a imp level for short term.Price can revisit 1932 or slightly more before further rise.I hope you have closed your trade.Trade safe
I have been bullish but H4 failed to make a higher high recently and it just did make a lower low after closing below the trendline and retesting 1940. If H4 closes below 1931.95 it could go down to 1870. What think ye?
  • #9,700
  • Jun 15, 2023 1:36am Jun 15, 2023 1:36am
Quoting your6s
{quote} I have been bullish but H4 failed to make a higher high recently and it just did make a lower low after closing below the trendline and retesting 1940. If H4 closes below 1931.95 it could go down to 1870. What think ye?
1932 was a level where the most of liquidity was pending to grab along with a Daily & 4H support zone there. If price broken both of them then possible but if hold then a short term upward move is possible to grab above short term liquidity.Trade safe
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