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  • #36,621
  • Jul 30, 2024 3:59pm Jul 30, 2024 3:59pm
Quoting wiseguy0
{quote} where u think gold can go ?
In to the range below. I think 2410/20 are good levels for shorting, but not many would dare to take the risk due to news tomorrow.

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ma ma make me happy
  • #36,622
  • Jul 30, 2024 5:54pm Jul 30, 2024 5:54pm
Quoting kette
{quote} H1 is a trend build-up buy below, no issue. I am only short in m5, m10 and m15. goldfuture gives that today. {image}
Gold
the trend has been confirmed H1.

2368 is a good support
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  • #36,623
  • Jul 30, 2024 6:30pm Jul 30, 2024 6:30pm
Quoting DubaiFX
{quote} xin đừng bận tâm nhưng đó không phải là BÁN mà là BÁN, nếu bạn không biết rằng biểu đồ chỉ là phần nổi của tảng băng ch́m trong thị trường Forex khổng lồ này, rất nhiều thứ có thể ảnh hưởng đến thị trường, thậm chí là Chính trị, điều đó có nghĩa là bạn thậm chí c̣n không hiểu cơ...
Hello friend. I'm not here to argue and I'm not good at English. I don't have time to read all your comments.. I just give my personal opinion as part of the discussion, ok
  • #36,624
  • Jul 30, 2024 7:48pm Jul 30, 2024 7:48pm
Quoting ScalaFX
{quote} próximo 2410, SL 2426 para todas as posiçơes alvo 1 2335
I have a sell position at 2419.00 I think it will test again and then melt down to 2335.00
  • #36,625
  • Jul 30, 2024 9:47pm Jul 30, 2024 9:47pm
Gold 31 July

Please monitor at BalanceZone, this area is so critical for bankers.

As overall , i can see the gold still on momentum bullish if we stay above BalanceZone
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  • #36,626
  • Jul 30, 2024 10:20pm Jul 30, 2024 10:20pm
Quoting Pro-Nika
Gold 31 July Please monitor at BalanceZone, this area is so critical for bankers. As overall , i can see the gold still on momentum bullish if we stay above BalanceZone {image}
Why and how do you know this zone is so important to bankers?
How to succeed in zero sum game?
  • #36,627
  • Jul 30, 2024 11:28pm Jul 30, 2024 11:28pm
we should trade what we seee
  • #36,628
  • Jul 30, 2024 11:33pm Jul 30, 2024 11:33pm
Quoting HalikiqeoVN
{quote} Hello friend. I'm not here to argue and I'm not good at English. I don't have time to read all your comments.. I just give my personal opinion as part of the discussion, ok
dont worry about English,
i am very fluent in at least 5 other languages if you count farsi and arabic spanish hindi etc,

anyways you don't have to explain your self i was just saying what i do thats all,
good luck man.
have a good day
Don't compare your Trades with Others
  • #36,629
  • Jul 30, 2024 11:56pm Jul 30, 2024 11:56pm
Quoting Pranjal
Tensions in middle east are rising again. Trade safe.
As expected. No technicals work duirng war times. guys do not try to short it. When israel and Palestine issue was started last year, I was new at that time, so looking at rsi, resistance and trendlines , I keep shorting and lost all. Do not make that mistake. During war gold becomes crazy.
  • #36,630
  • Jul 31, 2024 12:15am Jul 31, 2024 12:15am
short at 2428 to 2420 with sl 2435 tp 2380
  • #36,631
  • Jul 31, 2024 12:16am Jul 31, 2024 12:16am
Quoting DubaiFX
{quote} đừng lo về tiếng Anh, tôi rất thông thạo ít nhất 5 ngôn ngữ khác nếu bạn tính cả tiếng Ba Tư và tiếng Ả Rập, tiếng Tây Ban Nha, tiếng Hindi, v.v., dù sao th́ bạn không cần phải giải thích ǵ thêm, tôi chỉ nói những ǵ tôi làm thôi, chúc bạn may mắn. Chúc bạn một ngày tốt lành
ok bro, your ego is so high I can't reach it. Don't get lost in personal experience. Wish you luck. I am still open for sale from 2440-2460 and can add from 2480 until stop 2322 or more than 2250. All news is just noise, especially war news they show us and we are just puppets in the end.
  • #36,632
  • Jul 31, 2024 12:52am Jul 31, 2024 12:52am
Quoting hanzohas
{quote} In to the range below. I think 2410/20 are good levels for shorting, but not many would dare to take the risk due to news tomorrow. {image}
Yes 2320 and showing some resistance over there only Daredevil will try to short in here
  • #36,633
  • Jul 31, 2024 12:58am Jul 31, 2024 12:58am
that's right shorting might not be a good idea, buy on dips is ideal. as the next resistance is 2431-32
  • #36,634
  • Jul 31, 2024 1:00am Jul 31, 2024 1:00am
Quoting dempire1
{quote} Why and how do you know this zone is so important to bankers?
The Man With Bank MT5 indicator analyzes order flow from multiple sources. Using a proprietary formula, we compile and calculate the data to produce accurate price levels.

We have extensive experience on the dealing desk, allowing us to accurately predict market trends based on the behavior of the majority of participants.
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  • #36,635
  • Jul 31, 2024 1:37am Jul 31, 2024 1:37am
Quoting profits7
{image} {image}
how amazing your view is , I have just made a contribution as advised.
  • #36,636
  • Jul 31, 2024 2:03am Jul 31, 2024 2:03am
Quoting DubaiFX
{quote} dont worry about English, i am very fluent in at least 5 other languages if you count farsi and arabic spanish hindi etc, anyways you don't have to explain your self i was just saying what i do thats all, good luck man. have a good day
I suppose you need those languages to speak to all the International criminals Dubai gives safe haven to.
  • #36,637
  • Edited 2:59am Jul 31, 2024 2:09am | Edited 2:59am
Quoting DubaiFX
{quote} please dont mind but its not SALE its Sell, if you dont know that much charting is only a tip of the ice berg of this huge Forex market, soo many things can influence the market, even Politics, so that means you have not even basic understanding of Fundamentals, because there is lot of Misconceptions about Fundamentals, fundamentals are not About what comes after the news, Fundamentals is What makes the news, if you understand during news time you can make a decent profit, again please dont mind it took me 8 years also to understand how...
Hmm. Im going to have to strongly disagree with some of these fake stats here, some of this needs to be cleared up because it is very misleading.

-Sale, Sell, it make no difference this is a matter of language barrier and translation.

-News trading is gambling. Unless you have evidence of a history of news trading only on a verified 3rd party tracking system, Ill refuse to budge on that statement. I have been a full-time commodities and FX trader for 18 years and never one time met a successful news only trader that doesn't have millions in his account. And they would NEVER trade the news, only what comes after the news or long before the news.

-There is no statistic saying that 80% of retail traders are technical traders. That would be an impossible stat to gauge although the most recent aggregated study says that around 65-70% that were surveyed claim they were technical traders.

97-99% or more of traders fail not 75-80%. Around 80% of traders are left after 5 years. Then an extremely small sample of those ever make profit.

-Saying that "its no coincidence that 80% of traders fail and 80% of traders are technical" is one of the most ill informed, misleading, backwards, outrageous, audacious, and blatant lies I have ever heard in my entire life, I don't know what would make you create this internal theory but there is exactly 0 evidence supporting this claim and it should be stricken from the record of anyone's brain forever.

-Hedging should only be done in extreme situations. most people have swap to worry about and cant just hedge a trade and walk away and let swap build up and ruin there account. Again, not realistic.

Everyone sees the market different. Everyone trades their own way. Everyone can be successful.

Dont make up statistics to feed your bias or make yourself looks better.

Cheers.
TechKnow
  • #36,638
  • Edited 2:38am Jul 31, 2024 2:23am | Edited 2:38am
GOLD
Possible scenario based on EW and market structure
Scenario 1
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Scenario 1 will be play if incoming data comes in hotter than expected, reducing the rate cut from 3 25bps to 2 25bps. We can also be the Wyckoff developing, while broken ceiling becomes ceiling once again LPSY i guess we call it.

Scenario 2
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Where 4 is regular flat pattern. Tho wave 4 goes into wave 1 range, but failed to get a daily close in the wave 1 range. (However, this is on spot. The same 4 on futures make a daily close in wave 1 range, invalidate the wave 4)

Scenario 3

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Using the swing trading theory. (question you need to ask yourself is which high or lows is the actual swing high/low?)
Fundamental support this view, with interest rate cut on the table, Quantitative tightening ending (next step Quantitative Easing), geopolitics tension, and chinese demand. Tho PBOC stop buying gold in a while (to diversify from holding US treasuries).

Which one of these 3 will play out, i dont know, No one knows,matter of fact.
this is why my final TP is at 2443 (ceiling & FVG Inversion)
Quoting Fardeen1209
{quote} 2413 first partial, i want to see how price will develop at 4hr supply zone then will decide the Final TP (i currently eye 2443- Kink setup and 1/2 FVG Inversion for Final TP)
We are in a dilemma here (the weakness in Elliot wave trading- wave counting tend to be subjective- this is why, no stand alone trading tools will give you an edge, we need a hybrid one!).
Trend trading can be hard sometimes, while swing trading using intraday setup to position for the swing, not only it increases probability to win but also magnifies the risk reward by multiple fold.
More time in the market, does not mean you trade better!
  • #36,639
  • Jul 31, 2024 2:38am Jul 31, 2024 2:38am
Quoting Fardeen1209
GOLD Possible scenario based on EW and market structure Scenario 1 {image} Scenario 1 will be play if incoming data comes in hotter than expected, reducing the rate cut from 3 25bps to 2 bps. We can also be the Wyckoff developing, while broken ceiling becomes ceiling once again LPSY i guess we call it. Scenario 2 {image} Where 4 is regular flat pattern. Tho wave 4 goes into wave 1 range, but failed to get a daily close in the wave 1 range. (However, this is on spot. The same 4 on futures make a daily close in wave 1 range, invalidate the wave 4)...
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People don't plan to lose. They lose because they don't plan.
  • #36,640
  • Jul 31, 2024 2:39am Jul 31, 2024 2:39am
Gold Is Gonna Hit 2450 Today And Close The Month Above The Level .As The Global Fundamental Situation Gold Will Pump Up Some Times Again. Yesterday Israel Attack On Hamas And Death of Hamas Leader Is Got Attention Of the Investors Fear As A War has Started Again. So We Will See What Will Happen on August.
Success is not final, failure is not fatal... - Winston Churchill
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