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  • #12,001
  • Jul 12, 2023 6:28am Jul 12, 2023 6:28am
Only one more hour of this bullshit.
  • #12,002
  • Jul 12, 2023 6:28am Jul 12, 2023 6:28am
Quoting d1zzy
{quote} I thought the whipsaw effect was mostly only with NFP's, hope it doesn't do it today! I have a buy stop set just in case though. TP for shorts are at 1921. Upon further break maybe 1910-1903 (Different TP's coz partials) Not sure if I over reaching expecting it to retest 1900 if CPI positive?
Yes, not always, depends if news is mixed, AND that's how fakeouts happen. That Buy stop is a good idea, just in case, then if you want to, place TP at a strong resistance, on 4H or daily, like 1970 or 1963. Lol I am definitely overreaching by saying it will whipsaw all the way down at 1900, but it has been very strong, if it comes past 1922 and 1910, but I am hopeful due to my last sell being at 1901 (It was stupid of me, when it broke 1900, and tested 1892 and went back up I thought it would bounce down from 1900, but that never happened :/ )
"Who Dares Wins"
  • #12,003
  • Jul 12, 2023 6:29am Jul 12, 2023 6:29am
Quoting Ravenfeeder
{quote}LOL same here, and it's almost like a US public holiday, low volume... It's gonna be interesting! I have sell at 1928, TP set for break even, then 1921, TP also set for break even, then: Sell: 1913 TP: 1910 Sell 1910 TP: BE Sell 1908 : TP 1905 Sell 1903: TP 1901 Sell 1901 TP: BE Lol, so therefore I am bearish, but will hedge above 1963.
I'm long but I have some limit orders further down
  • #12,004
  • Jul 12, 2023 6:31am Jul 12, 2023 6:31am
Quoting Ravenfeeder
{quote}LOL same here, and it's almost like a US public holiday, low volume... It's gonna be interesting! I have sell at 1928, TP set for break even, then 1921, TP also set for break even, then: Sell: 1913 TP: 1910 Sell 1910 TP: BE Sell 1908 : TP 1905 Sell 1903: TP 1901 Sell 1901 TP: BE Lol, so therefore I am bearish, but will hedge above 1963.
Sell all through, no palace for Buy in your Kingdom..żż
Best of Luck all the same..
Okechukwu Jacob.C.
  • #12,005
  • Jul 12, 2023 6:33am Jul 12, 2023 6:33am
Volume seems to be picking up already with still a full hour to go
  • #12,006
  • Edited 6:43am Jul 12, 2023 6:33am | Edited 6:43am
Waiting for CPI in less than an hour..
Okechukwu Jacob.C.
  • #12,007
  • Jul 12, 2023 6:39am Jul 12, 2023 6:39am
Quoting jacobokey12
{quote} Sell all through, no palace for Buy in your Kingdom..żż Best of Luck all the same..
I Know it's a bit crazy, been stacking them, have been slightly overconfident of late (this'll teach me!), And I have some built-up equity, so will only hegde if it looks like it only is going up and not doing a fakeout. All of the best to you and everyone with the right spirit in this room! Let's make some dough!
"Who Dares Wins"
  • #12,008
  • Jul 12, 2023 6:44am Jul 12, 2023 6:44am
One of the reasons I'm long on gold:

As governments, especially western governments, take on more and more debt to fund their deficits, the value of their currency will drop. Other governments will also want to buy less and less of their debt as their ability to repay will be increasingly doubted; even more so than it is now. The US has added $1trillion in debt in the last month alone. The US Debt Clock has them at $42 trillion in debt by 2027, but I think that is a massive under-estimate given they are no longer restrained by the Debt Ceiling. By then end of the decade, the US interest payments alone, not even talking about the principle, will exceed their entire Federal tax revenue.

Therefore, the institutions that lend them money will not get their money back.

Even before that, all current fiat currencies will start to decline as more and more people realise this.

Here is an interesting thing we might see though. While the dollar rapidly declines, we could see the DXY go higher. For the simply reason that the currencies in that basket are declining at a faster rate than the dollar itself. It's also possible though that the dollar falls faster, but pulls the other down. We could start seeing a situation where gold is going up at a rate similar to 2005-2011, but also the DXY going up as it's value falls due to the other currencies falling faster.
  • #12,009
  • Jul 12, 2023 6:48am Jul 12, 2023 6:48am
Quoting MrFanciful
One of the reasons I'm long on gold: As governments, especially western governments, take on more and more debt to fund their deficits, the value of their currency will drop. Other governments will also want to buy less and less of their debt as their ability to repay will be increasingly doubted; even more so than it is now. The US has added $1trillion in debt in the last month alone. The US Debt Clock has them at $42 trillion in debt by 2027, but I think that is a massive under-estimate given they are no longer restrained by the Debt Ceiling....
Good Analyses bro....
  • #12,010
  • Jul 12, 2023 7:09am Jul 12, 2023 7:09am
Hey James, i beliv to be honest gold will start to fall as the slope has begun sloping, this is my perosnal opinion but as i believ i am one of the better otraders inmy firm it ill go well. if CPI data is positbe for USD this eans XAUAUSD will drop lower if it its down info it will go up vice veersa, wishig you alk te best in the business i appreciate all the feedbak hsould i buy or sell?


v8 XR8 Driver
  • #12,011
  • Jul 12, 2023 7:09am Jul 12, 2023 7:09am
Price is bleeding lower, good or bad sign? ...
  • #12,012
  • Jul 12, 2023 7:11am Jul 12, 2023 7:11am
Seek and destroy incoming..
  • #12,013
  • Jul 12, 2023 7:12am Jul 12, 2023 7:12am
15 minutes to go.
I will open a buy position equally as big as my shorts and set a tight SL so I can profit when gold goes up and also when it goes down.
  • #12,014
  • Jul 12, 2023 7:17am Jul 12, 2023 7:17am
Quoting CreeperFreak
15 minutes to go. I will open a buy position equally as big as my shorts and set a tight SL so I can profit when gold goes up and also when it goes down.
how to do that? just do not get it.thanks.
  • #12,015
  • Jul 12, 2023 7:19am Jul 12, 2023 7:19am
Quoting CreeperFreak
15 minutes to go. I will open a buy position equally as big as my shorts and set a tight SL so I can profit when gold goes up and also when it goes down.
nice hedge u have there.
Trading is very lonely
  • #12,016
  • Jul 12, 2023 7:21am Jul 12, 2023 7:21am
Getting to Sweaty Palms time
  • #12,017
  • Jul 12, 2023 7:22am Jul 12, 2023 7:22am
M30, stoch
Attached Image (click to enlarge)
Click to Enlarge Name: goldmicro-m30-xm-global-limited 12 07 0 a.png Size: 28 KB

possible Wolfe Wave pattern with target at 1926th area..,"1" point at 1934th
dolce vita
  • #12,018
  • Jul 12, 2023 7:23am Jul 12, 2023 7:23am
Quoting MrFanciful
Getting to Sweaty Palms time
I feel like throwing up. (LOL!) it'll be okay, sometimes the reaction turns out much less dramatic than anticipated. We'll be okay >.<
"Who Dares Wins"
  • #12,019
  • Jul 12, 2023 7:25am Jul 12, 2023 7:25am
Quoting MrFanciful
Getting to Sweaty Palms time
mom's spaghetti
  • #12,020
  • Jul 12, 2023 7:26am Jul 12, 2023 7:26am
Quoting dolphinado
Hey James, i beliv to be honest gold will start to fall as the slope has begun sloping, this is my perosnal opinion but as i believ i am one of the better otraders inmy firm it ill go well. if CPI data is positbe for USD this eans XAUAUSD will drop lower if it its down info it will go up vice veersa, wishig you alk te best in the business i appreciate all the feedbak hsould i buy or sell? v8 XR8 Driver

To be honest bud, if things don't go right tonight, im going to be full hurter. I need some ocka trades. Don't run around full Randy mode, like a chicken with no head.




....Busted Merc...
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