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  • #38,121
  • Aug 14, 2024 8:02am Aug 14, 2024 8:02am
Quoting pedro319
The data is only highlighting what I have bee saying for months. Investors are realising most statistics were "cooked", some of the items intentionally taken out to make it look rosy...well it's evident for everyone to see.
Someone FINALLY said it!
Fate goes ever, as fate must.
  • #38,122
  • Aug 14, 2024 8:09am Aug 14, 2024 8:09am
Quoting pedro319
{quote} I am highly profitable and I teach mostly for free as you can see here.. People who learn from me are profitable too. Don't put everyone under the same umbrella, some people just enjoy teaching and sharing.
I completely agree with you ; )
Scalping
  • #38,123
  • Aug 14, 2024 8:09am Aug 14, 2024 8:09am
Quoting Silver-King
{quote} What's your target (TP) for the Gold Scala?
Im biased short term for sell, but only for correction to 2450-40, and will be closing all longs above 2500, will be watching PA there, and of course will be building there short for long term
People don't plan to lose. They lose because they don't plan.
  • #38,124
  • Aug 14, 2024 8:11am Aug 14, 2024 8:11am
Quoting guguxpto
{quote} I completely agree with you ; )
Thanks for sticking out!!
We watch the charts from every angle so you don't have to!!
  • #38,125
  • Aug 14, 2024 8:14am Aug 14, 2024 8:14am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 29 KB

Gold Cash now with vol and mkt Prof try to see how Gold going to sustain new high 2507 and 2525 reaction projection areas!!
  • #38,126
  • Aug 14, 2024 8:15am Aug 14, 2024 8:15am
Quoting Thtpro
I'm long - 15min chart fired off a trend trade Already sold 50%
Assumption on trend dead wrong, but still made money

Think about trading multiple positions - 2/3 units etc, offload units to cash in profit, move stop to break even

It does dilute profits when the trend is your friend!, but as you can see when the market isn't working to your requirements, it can be quite a handy tool to use

Use whatever % levels suit you

The Blue line = 1 x risk = sell 25%
The Pink line = 1.75 x risk etc = sell 25%

Stop to breakeven when targets hit

There's no right or wrong with this - I sometimes don't use it, sometimes I just trade 2 units - this totally depends on whether there's prior terminal swing highs/lows near current levels as there were today

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 72 KB


Edit - obviously Green = Entry and Red = Initial stop)
  • #38,127
  • Aug 14, 2024 8:22am Aug 14, 2024 8:22am
2434 is last line of defence for bulls.
We watch the charts from every angle so you don't have to!!
  • #38,128
  • Edited 8:33am Aug 14, 2024 8:22am | Edited 8:33am
Quoting ScalaFX
{quote} Im biased short term for sell, but only for correction to 2450-40, and will be closing all longs above 2500, will be watching PA there, and of course will be building there short for long term
Looks good so far. 2450$ and 2435$ - 2430$ are the targets I have in mind. Then, I don't know. Have to see if these Support levels will hold or not.
  • #38,129
  • Aug 14, 2024 8:26am Aug 14, 2024 8:26am
Quoting pedro319
2434 is last line of defence for bulls.
agree with you with extending it a bit further to 2428, if taken out in 1hr & 4 hr then next stop for bulls will be around 2300
  • #38,130
  • Aug 14, 2024 8:26am Aug 14, 2024 8:26am
This is going down. Ain't no way market will reverse again after such a dramatic refusal, massive outside bar (both 4H AND daily) candle with both HH and LL printed. As someone here mentioned, price probably needs again to come to below 2400 to reload for longs as it has done already 2 times recently. I think the $2500 top is soo obvious that the price won't reach it anytime soon.
  • #38,131
  • Aug 14, 2024 8:28am Aug 14, 2024 8:28am
reversal now? turning into bearish trend.
  • #38,132
  • Aug 14, 2024 8:28am Aug 14, 2024 8:28am
Quoting fxmasterdxb
{quote} agree with you with extending it a bit further to 2428, if taken out in 1hr & 4 hr then next stop for bulls will be around 2300
If we pass 2434 for me it's over.
We watch the charts from every angle so you don't have to!!
  • #38,133
  • Aug 14, 2024 8:31am Aug 14, 2024 8:31am
Quoting pedro319
{quote} Thanks for sticking out!!
there is no words to how grateful i am with the help you give to me and others for free .
holp one day have a good account so i can have some personal lessons with you
Scalping
  • #38,134
  • Aug 14, 2024 8:35am Aug 14, 2024 8:35am
Quoting guguxpto
{quote} there is no words to how grateful i am with the help you give to me and others for free . holp one day have a good account so i can have some personal lessons with you
Very glad to help, especially such a nice decent guy like yourself.
We watch the charts from every angle so you don't have to!!
  • #38,135
  • Aug 14, 2024 8:36am Aug 14, 2024 8:36am
H4 Potential consolidation
I am not saying this is formed yet but if it ends like this I am happy still with longs project.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 8 KB
We watch the charts from every angle so you don't have to!!
  • #38,136
  • Aug 14, 2024 8:41am Aug 14, 2024 8:41am
Quoting pedro319
H4 Potential consolidation I am not saying this is formed yet but if it ends like this I am happy still with longs project. {image}
If the Triple Top is going to be breached, price should come down a bit more and then resume its attack

As Gann used to say "4th Attempt and it usually goes through"
  • #38,137
  • Aug 14, 2024 8:45am Aug 14, 2024 8:45am
Quoting Thtpro
{quote} If the Triple Top is going to be breached, price should come down a bit more and then resume its attack As Gann used to say "4th Attempt and it usually goes through"
This potential consolidation megaphone pattern is ok from the Bfly sell perspective and we know if it breaks down something is not right with that same perspective.
We watch the charts from every angle so you don't have to!!
  • #38,138
  • Aug 14, 2024 8:45am Aug 14, 2024 8:45am
At this point gold longs still seem the way to go, nothing on the daily is giving me bear vibes yet. I might change my mind in 15 minutes when this hourly closes but for now im still bias long.
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TechKnow
  • #38,139
  • Aug 14, 2024 8:47am Aug 14, 2024 8:47am
Quoting Techknow
At this point gold longs still seem the way to go, nothing on the daily is giving me bear vibes yet. I might change my mind in 15 minutes when this hourly closes but for now im still bias long. {image}
I agree
  • #38,140
  • Aug 14, 2024 8:49am Aug 14, 2024 8:49am
H4
This is no better nor worse than the ones I post of the 1 min chart.
A lot of play allowed inside and breakouts traded the same way, targets also calculated the same way.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 7 KB
We watch the charts from every angle so you don't have to!!
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