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  • #37,521
  • Aug 8, 2024 7:23am Aug 8, 2024 7:23am
Today's news will afect? What do u think? Should I close my trades?
  • #37,522
  • Aug 8, 2024 7:25am Aug 8, 2024 7:25am
Quoting hanzohas
{quote} just hijack this, why do you want to make a brand new one? https://www.forexfactory.com/thread/...-silver-xagusd
I didn't know about this thread. Thanks!
  • #37,523
  • Aug 8, 2024 7:26am Aug 8, 2024 7:26am
Quoting PetroPol
Today's news will afect? What do u think? Should I close my trades?
You should always take some before but the targets still haven't been hit.
Taking into account acceleration on the way up 2440 should happen, we may experience some turbulence at 2428.
All normal market behaviour.
We watch the charts from every angle so you don't have to!!
  • #37,524
  • Aug 8, 2024 7:30am Aug 8, 2024 7:30am
Quoting PetroPol
Today's news will afect? What do u think? Should I close my trades?
If you ask me I would never close the trade because of the news. If your analysis is correct, than the news shouldn't matter at all. However, I am holding positions for a longer time, so it doesn't matter to me what the news are about, because I already have the plan in place. If you are a scalper however, than the news are a little bit of a nuisance and you have to pay some attention to it. Depends on your plan and analysis.
  • #37,525
  • Aug 8, 2024 7:34am Aug 8, 2024 7:34am
come to daddy...
I only follow traders with IQ above 160
Challenge Tour All Time Return: -68.3%
  • #37,526
  • Aug 8, 2024 7:38am Aug 8, 2024 7:38am
1 min 2 harmonic swings
This could be good for adding longs
1.618 ext even better.
2402
20 lots
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We watch the charts from every angle so you don't have to!!
  • #37,527
  • Aug 8, 2024 7:41am Aug 8, 2024 7:41am
Quoting hathor
Bullish breakout from triangle and erasing yesterdays high would generate a lot of bull strenght, which means there would be enough volume for the bears to fullfill the short contracts. If the price not descend from here <~2400.xx>, than I am watching the grey triangle for new short positins - strategy based on Wyckoff method. {image} Offtopic: Disney stock opened on a discount price today, its still not a bad level to buy….if anyone interested - strategy based on Wyckoff method. Monthly chart: {image} Daily: {image} Target over annual high.
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f(z)=z2+c
  • #37,528
  • Aug 8, 2024 7:44am Aug 8, 2024 7:44am
Quoting PetroPol
Today's news will afect? What do u think? Should I close my trades?
are you trading with a prop firm account? if not, just let your system/setup run.
2 Corinthians 12:9
  • #37,529
  • Aug 8, 2024 7:45am Aug 8, 2024 7:45am
Quoting Fardeen1209
{quote} HI, nice view. but the steeper the trendline the lower the proabability it is to give accurate price breakout. Or in short, a breakout of a extreme steep trendline does not always mean reversal, as a sideways market will also consider as breakout. Still in sideways {image} Still holing my shorts scalp swing. {quote} Idk where it want to go, now can only hold and wait.
Correct! My point was - its one of the first, main line to be borken in that specific TF. Anyway…I am in love with the technical analysis and geometry, but imho the techinal analysis is kind of an infinite Rorschach test. I rather mix it with retailer/market maker psychology.
f(z)=z2+c
  • #37,530
  • Aug 8, 2024 7:46am Aug 8, 2024 7:46am
Quoting Silver-King
{quote} If you ask me I would never close the trade because of the news. If your analysis is correct, than the news shouldn't matter at all. However, I am holding positions for a longer time, so it doesn't matter to me what the news are about, because I already have the plan in place. If you are a scalper however, than the news are a little bit of a nuisance and you have to pay some attention to it. Depends on your plan and analysis.
Of course. Thanks mate

green pips!
  • #37,531
  • Aug 8, 2024 8:06am Aug 8, 2024 8:06am
Quoting pedro319
1 min 2 harmonic swings This could be good for adding longs 1.618 ext even better. 2402 20 lots {image}
i am in
I only follow traders with IQ above 160
Challenge Tour All Time Return: -68.3%
  • #37,532
  • Aug 8, 2024 8:10am Aug 8, 2024 8:10am
Quoting Bflyfx
{quote} i am in
Lower the better.
We watch the charts from every angle so you don't have to!!
  • #37,533
  • Aug 8, 2024 8:17am Aug 8, 2024 8:17am
C'mon straight to 2450
People don't plan to lose. They lose because they don't plan.
  • #37,534
  • Aug 8, 2024 8:22am Aug 8, 2024 8:22am
Quoting pedro319
{quote} Lower the better.
2403 is much better.
We watch the charts from every angle so you don't have to!!
  • #37,535
  • Aug 8, 2024 8:24am Aug 8, 2024 8:24am
Quoting ScalaFX
C'mon straight to 2450
What about our orders?? Price has to pullback for us to have a chance.
We watch the charts from every angle so you don't have to!!
  • #37,536
  • Aug 8, 2024 8:27am Aug 8, 2024 8:27am
Quoting pedro319
{quote} What about our orders?? Price has to pullback for us to have a chance.
exactly, good to see you here Professor
People don't plan to lose. They lose because they don't plan.
  • #37,537
  • Aug 8, 2024 8:28am Aug 8, 2024 8:28am
Quoting axecap
{quote} Thanks, can you give an example of something that would be gold specific but not relate to silver
Hey axecap, you have asked me to give you some specific scenario in which the price of Gold would move substantially while the price of the Silver wouldn't really follow what was happening to the price of Gold.

I don't know about Gold, but I have a story to tell about the price of Silver going astronomical in one case that happened all the way back in 1980.

The story is short and goes as follows..

The Hunt brothers knew the Silver market was being manipulated by the paper markets (as it is today) so they decided to take delivery of much of the physical market inventories which caused a panic squeeze. This resulted in Silver going from 5$ to 50$ in a month.

The thing about this story is that it is still relevant today. If Buffett came out and said he will acquire as much of the physical Gold or Silver as he can, then the price of Gold or Silver would go astronomical in an instance.
  • #37,538
  • Aug 8, 2024 8:29am Aug 8, 2024 8:29am
Quoting pedro319
{quote} What about our orders?? Price has to pullback for us to have a chance.
come on!! Karl Marx style...20 lots
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I only follow traders with IQ above 160
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  • #37,539
  • Aug 8, 2024 8:29am Aug 8, 2024 8:29am
Quoting PetroPol
{quote} Of course. Thanks mate green pips!
Great!
  • #37,540
  • Aug 8, 2024 8:30am Aug 8, 2024 8:30am
Quoting Bflyfx
{quote} come on!! Karl Marx style...20 lots {image}
Karl Marx !!
We watch the charts from every angle so you don't have to!!
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