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  • #14,801
  • Aug 4, 2023 2:00pm Aug 4, 2023 2:00pm
[quote=Zebi;14524092 now onto the NFP... we all know what a beating the forcast means but since people have pivotted to the soft landing or recession debate since inflation is decreasing even a red number after the dust from the kneejerk reaction has settled will have gold fall again since price shouldnt even be here above that h+s neckline ive been droneing about for months cause of the chinese intervention in forex market so to me it doesnt matter what the number is cause after a few hours price may start falling...next two weeks for sure {image}[/quote]

hereas a chart for your consideration...that line may be another wall bulls smack into and develop headaches because of ...that other daily h+s chart i was posting before is replaced by this new one

only thing that will save bulls next week is more chinese forex intervention
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short trump and go long the deepstate
  • #14,802
  • Aug 4, 2023 2:10pm Aug 4, 2023 2:10pm
Quoting Zebi
us old timers used to ssay a close below the midpoint of a big candle is bearish...i wonder what the new fangled millenial phrase on youtube is for that now
X-Gen ... Most likely they'll have to ask ChatGBT, post it on insta, wait for validation, avoid any physical social contact, get cheered off a cliff edge and find a way to blame someone else.
  • #14,803
  • Aug 4, 2023 2:16pm Aug 4, 2023 2:16pm
Keep it going there, Zebi !!!

DOWN we go again.
  • #14,804
  • Edited 3:16pm Aug 4, 2023 2:35pm | Edited 3:16pm
Quoting Zebi
{quote} and the people posting their charts 5 hours or 3 days later cause theyll wait till sunday night to upload a screenshot of their fake trade
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Don’t focus on making $$$, focus on protecting what you have.
  • #14,805
  • Aug 4, 2023 2:44pm Aug 4, 2023 2:44pm
_______ hey Zebi , that was Mucho2 typin you did
Don’t focus on making $$$, focus on protecting what you have.
  • #14,806
  • Aug 4, 2023 3:06pm Aug 4, 2023 3:06pm
____________ tabarnak , I dont see any Live trades here = only mucho2 bla bla2 lol
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Don’t focus on making $$$, focus on protecting what you have.
  • #14,807
  • Aug 4, 2023 3:19pm Aug 4, 2023 3:19pm
Quoting profits7
____________ tabarnak , I dont see any Live trades here = only mucho2 bla bla2 lol {image} {image}

i was out and made my trades on my mobil phone and i know how much you hate that so didnt say anything

when i dont post an entry to the thread i dont come back later and brag what i did hours before
short trump and go long the deepstate
  • #14,808
  • Aug 4, 2023 3:26pm Aug 4, 2023 3:26pm
Quoting Zebi
{quote} i was out and made my trades on my mobil phone and i know how much you hate that so didnt say anything when i dont post an entry to the thread i dont come back later and brag what i did hours ago

_______ what abt ur fat big fingers you wrote 2 days Ago , had a speedy surgery
Don’t focus on making $$$, focus on protecting what you have.
  • #14,809
  • Aug 4, 2023 3:31pm Aug 4, 2023 3:31pm
________ this frikkin Kindergarten really2 stinks tabarnak !
Don’t focus on making $$$, focus on protecting what you have.
  • #14,810
  • Aug 4, 2023 3:43pm Aug 4, 2023 3:43pm
Quoting Zebi
{quote} hereas a chart for your consideration...that line may be another wall bulls smack into and develop headaches because of ...that other daily h+s chart i was posting before is replaced by this new one only thing that will save bulls next week is more chinese forex intervention {image}

heres my new replacement chart as a weekly


price closes under last weeks low is a downcandle and price should drop immediately monday

if closes between that weekly low and close of where i started the line still bearish but price will probably spike up to fool bulls before crushing them
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short trump and go long the deepstate
  • #14,811
  • Aug 4, 2023 4:02pm Aug 4, 2023 4:02pm
Quoting Zebi
{quote} hier ist mein neues Ersatzdiagramm, da ein Wochenpreis, der unter dem Tief der letzten Woche schließt, eine Abwärtskerze ist und der Preis am Montag sofort fallen sollte, wenn er zwischen diesem Wochentief und dem Schlusskurs von dort schließt, wo ich die Linie begonnen habe, immer noch bärisch, aber Der Preis wird wahrscheinlich in die Höhe schießen, um die Bullen zu täuschen, bevor er sie vernichtet {image}
You still have an ace up your sleeve, wasn't that the Chinese if your ideas didn't work for once?
And yes: the black H4 candles are also becoming whiter and whiter. Have fun everyone at the weekend.
  • #14,812
  • Aug 4, 2023 4:59pm Aug 4, 2023 4:59pm
Quoting Isabella_D
{quote} You still have an ace up your sleeve, wasn't that the Chinese if your ideas didn't work for once? And yes: the black H4 candles are also becoming whiter and whiter. Have fun everyone at the weekend.

do you mean i can blame chinese if im wrong?

i dont blame them...they cost me money i posted i lost on a couple trades after cpi

this isnt the same chart i was posting with the h+s last month....i dont know if you were here then but i was making fun of the bulls running into the anvil and falling back

as you can see from the chart cpi is what crossed the neckline...thats a big ass candle for just a cpi, the next day was ppi and that didnt do shit...the last one was a huge candle too...i was shorting them and losing on some trades and eventually made it back and more on the drop back to cpi level


what i nor anyone else knew was that the chinese were dumping dollars probably during the news announcements so price could take off and they could get more bang for their efforts

the day after retail sales news came out it was reported that china was seen selling dollars.... https://www.reuters.com/world/china/...es-2023-07-20/

price started falling when the news reported and hasnt stopped since ...so they were pumping up cpi and retail sales the week before the news broke on reuters

so theyre no ace up my sleeve those pricks cost me money and theyre dangerous to bears
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short trump and go long the deepstate
  • #14,813
  • Aug 4, 2023 5:10pm Aug 4, 2023 5:10pm
i can only surmise that they used the news announcements to dump dollars so bulls could jump in and shorts cover which is a good plan....use dummies to hide the manipulation and have bears cover shorts

the other thing is why gold reacted so much cause the us stock market wasnt too fazed by the news...maybe the chinese doing some shit with their gold too

as you can see by the ES futures chart the smart money traders in NY didnt fall for the chinese bullshit cause the cpi candle didnt react as much and retail sales ended as red candle and now futures are below it

so goes to prove forex traders are dumber than futures traders
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short trump and go long the deepstate
  • #14,814
  • Aug 4, 2023 7:06pm Aug 4, 2023 7:06pm
Note: This is small part of huge article. There are some other interesting parts which I will post later.

Gold: Why Empires Fall
John Ing
August 4, 2023

It has been a jittery few months for investors as an ill wind not Canadian wildfire smoke, US heatwaves, or flash floods swept through financial market here, there and everywhere. The failure of a “too-big-to-fail” global bank and a few US institutions was one of the causes of the financial crisis this year. Another was the US debt ceiling ping-pong negotiations, which reduced investor confidence as Congress prevented a national default for an additional two years. With an agreement, the US Treasury embarked on a $1.1 trillion borrowing binge, which was made more challenging by China's absence, which had previously been the main buyer. Following the spike in borrowing rates, yields increased in anticipation of the flow of debt, affecting the roughly 4,000 smaller regional banks now competing for limited depositors. Then, the Fed raised rates to levels unseen in 22 years. Also disregarded, the ratio of global gross debt to GDP is now 17% larger than it was just prior to the 2008 Lehman crisis according to the Institute of International Finance.
Nonetheless investors have piled into the stock market to book the best seven months in decades, pushing it close to all-time highs on the fear of missing out (FOMO) on expectations that inflation is slowing, raising hopes that the Fed will not raise rates again. However, the US economy grew at an unexpected 2.4% annual rate in the second quarter. Inflation is very much alive and that much feared recession is nowhere in sight.
The battle against “elevated” inflation is not over and its demise is greatly exaggerated, particularly since governments keep adding fuel to the fire by running up huge deficits and debt. Inflation psychology has set in. Not slowing down, are wage settlements which are in double-digit territory, aided by the lowest national unemployment rate since the 1960s. Business has been able to expand margins aided by inflation. Climate change is pushing up food and energy prices. A trinity of cultural phenomenons, Swiftflation, Barbie, and Beyonce have even helped the economy, raising US consumer confidence to two-year highs. Central bankers who earlier underestimated the scale and persistence of inflation have glossed over their role but not slowing down is government spending and the financing of their governments’ deficits and the trillions of unprecedented pandemic stimulus packages that amounted to more than 20% of GDP. That infusion of cash, contributed to growth and inflated stock prices, but also resulted in the highest inflation in decades, reminding us of noted economist Milton Friedman’s observation that inflation is, “always and everywhere a monetary phenomenon.”
Love for all; Hatred for none.
  • #14,815
  • Aug 4, 2023 10:21pm Aug 4, 2023 10:21pm
Quoting aahmad29
Note: This is small part of huge article. There are some other interesting parts which I will post later. Gold: Why Empires Fall John Ing August 4, 2023 It has been a jittery few months for investors as an ill wind not Canadian wildfire smoke, US heatwaves, or flash floods swept through financial market here, there and everywhere. The failure of a “too-big-to-fail” global bank and a few US institutions was one of the causes of the financial crisis this year. Another was the US debt ceiling...

Technically sum up, inflation will never end
Trading is very lonely
  • #14,816
  • Edited Aug 5, 2023 2:01am Aug 4, 2023 11:46pm | Edited Aug 5, 2023 2:01am
Usdx situation, failed to have success next time situation! Price get next support to 93 as thought it failed support before but keeping bear target there at 93 there can be a leg up, that is, 2 legs down to target or more.
. Next weeks may correct down to get the support and bounce back strong possible. So gold and other pairs may get strong turmoils next weeks, spikes up to down further ! Take care

gold daily/ weekly may bull next days /weeks , weekly range can be 1934/64 , targeting 1956 daily 1948 hf tf . take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #14,817
  • Edited 3:11am Aug 5, 2023 2:55am | Edited 3:11am
Quoting Zebi
{quote} do you mean i can blame chinese if im wrong? i dont blame them...they cost me money i posted i lost on a couple trades after cpi this isnt the same chart i was posting with the h+s last month....i dont know if you were here then but i was making fun of the bulls running into the anvil and falling back as you can see from the chart cpi is what crossed the neckline...thats a big ass candle for just a cpi, the next day was ppi and that didnt do shit...the last one was a huge candle too...i was shorting them and losing on some trades and eventually...

Keep your sense of humor, sometimes it's very refreshing
I agree that the Chinese sale of US bonds could cause significant dislocations across various assets.
Not to mention the Brics countries' new ideas for replacing the dollar.

Massive sales of US bonds have been a regular occurrence in recent years
https://www.cmhi.com.hk/the-impact-o...ies-purchases/ 2022
https://www.cmcmarkets.com/de-de/nac...staatsanleihen
(China sells US Treasuries en masse 2021)
https://finanzmarktwelt.de/china-ver...th-usa-240713/ 2022
https://www.bloomberg.com/news/artic...heckout-banner 2023

So I don't begrudge the little excuse that if their own analysis doesn't work out, then it was the Chinese.
you are welcome
  • #14,818
  • Aug 5, 2023 3:04am Aug 5, 2023 3:04am
Gold: Why Empires Fall
John Ing
August 4, 2023

The End of US Hegemony
The problem is that in moving into this era of global competition, America's unipolar global dominance is being challenged, when its financial house is not in order. The China-US Cold War divided the world, and Russia’s invasion of Ukraine has upended that division. In the meantime, trade between Russia and China has soared, and India has surpassed China as Moscow’s top buyer for Russian oil and arms, helping to counteract Western embargoes.
The Middle East too has regained its pivotal position, not with oil but with financial power as a flurry of world leaders visit Jeddah seeking help from PGA golf to footballers to a Ukraine peace initiative. Saudi Arabia is set to host Ukraine peace talks. The zigging of American foreign policy when it should have been zagging has added to the cynicism of what America says and does. As an example, President Biden fundamentally altered the decades-old relationship with Saudi Arabia, castigating them for cutting back oil production (as is their sovereign right) and then threatening to turn the state into a “pariah”, when journalist Jamal Khashoggi was murdered in 2018. Biden warned there would be consequences.
Yet when China stepped into the void that was once the exclusive domain of the United States, Secretary of State Blinken scrambled to visit Saudi Arabia on the heels of Chinese President Xi Jinping’s visit that paved the way for a Chinese oil for renminbi deal that replaced petrodollars as well as the signing of a stack of commercial agreements. That visit changed one of the most important geopolitical alliances and diplomatically marginalized American influence. To make matters worse for Biden, the Saudis then ignored Biden’s request to boost production, instead cut back output which resulted in the drawdown of the US Strategic Petroleum Reserve that caused a one-off drop in energy and inflation but exposes the US to higher prices as the reserve is at the lowest ever. And today, Russia, Iran and Venezuela which account for 40% of OPEC+’s proven oil reserves are selling oil to both China and India, replacing Europe. As a result, Russia has topped Saudi Arabia as the world’s largest supplier of oil. What followed next was that India in turn weaponized its rice exports, putting a ban amid concern over food price inflation just when Russia withdrew from Ukraine wheat deal. Yes, there were consequences.
Love for all; Hatred for none.
  • #14,819
  • Aug 5, 2023 3:19am Aug 5, 2023 3:19am
Brics might announce gold-backed currency on 22-24 augusth.
https://www.jpost.com/advisor/money/...se-move-752060
You have an IQ lower than 90 if you interact with this user.
  • #14,820
  • Aug 5, 2023 3:34am Aug 5, 2023 3:34am
Quoting aahmad29
Gold: Why Empires Fall John Ing August 4, 2023 The End of US Hegemony The problem is that in moving into this era of global competition, America's unipolar global dominance is being challenged, when its financial house is not in order. The China-US Cold War divided the world, and Russia’s invasion of Ukraine has upended that division. In the meantime, trade between Russia and China has soared, and India has surpassed China as Moscow’s top buyer for Russian oil and arms, helping to counteract...
Maybe the whip don’t work so well in the long-term. Should have abandoned all the ideas which works against liberalism and healthy capitalism. People needn’t less freedom and more work. Creates demographic/cultural issues too.

I guess we turn the cycle to commodities and forex recovery now. USD bear, commodities bull, EUR, GBP, JPY bull.
CAD, NZD may bear. Gold, oil, nat gas bull. Stock market bear.
You have an IQ lower than 90 if you interact with this user.
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