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  • #38,441
  • Aug 15, 2024 7:02pm Aug 15, 2024 7:02pm
2460~2464 is a good resistance level, i took a short but with the threat of war and geo-politics issues it could sky rocket.... trade gold cautiously.
  • #38,442
  • Aug 15, 2024 10:50pm Aug 15, 2024 10:50pm
Yesterday was "oh shit" and Daily closed above my red line.

More upside for me

Will change bias if 1h closed below my line

Enjoy Fry day
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Stay low, Go fast - No luck, All skill
  • #38,443
  • Aug 15, 2024 11:22pm Aug 15, 2024 11:22pm
Quoting ScalaFX
{quote} but look there, price have no power yet, we have at h1 h4 structure break, LL then LH and again LL so to me that means no steam, price will fall more, must trap some sellers for new ath, becouse now everybody counting it.. edit: price starting sinking now to the end of the day I think and tomarrow will be fallin fast I think, my target still minimum 2410-05, this is not trading advice, please do your own analysis and trust them, I can be deeply wrong
i believe you are right.
I'm not buying again today.
I waiting for price to base below 2451.5
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  • #38,444
  • Aug 16, 2024 12:46am Aug 16, 2024 12:46am
all longs that Im holding closed, added short now 2455, will consider buy if price arrive to ~2410-2405
People don't plan to lose. They lose because they don't plan.
  • #38,445
  • Aug 16, 2024 12:52am Aug 16, 2024 12:52am
Quoting ScalaFX
all longs that Im holding closed, added short now 2455, will consider buy if price arrive to ~2410-2405
May I ask how you came up with ~2410-2405 level?
  • #38,446
  • Aug 16, 2024 1:07am Aug 16, 2024 1:07am
H1 consolidation
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We watch the charts from every angle so you don't have to!!
  • #38,447
  • Aug 16, 2024 1:13am Aug 16, 2024 1:13am
Quoting pedro319
H1 consolidation {image}
cookies party @2417 seems promising
How much you lose when you are wrong?
  • #38,448
  • Aug 16, 2024 1:16am Aug 16, 2024 1:16am
Quoting aljOOker
{quote} cookies party @2417 seems promising
I never miss a cookie party! Come on!
We watch the charts from every angle so you don't have to!!
  • #38,449
  • Aug 16, 2024 1:24am Aug 16, 2024 1:24am
Quoting pedro319
H1 consolidation {image}
Hi Pedro,

Why you don’t believe in 2440 to hold the price?
  • #38,450
  • Aug 16, 2024 1:36am Aug 16, 2024 1:36am
Quoting Mihisti
{quote} Hi Pedro, Why you don’t believe in 2440 to hold the price?
There area few reasons.
Butterflies use the .618 ratio for the right wing.
Harmonic swings on the hour did not complete.
The first sell off had a bit of acceleration, market usually fades that momentum on subsequent moves.
I know 2436 is confluence support and it could still work but overall it would make sense a bit lower.
We watch the charts from every angle so you don't have to!!
  • #38,451
  • Aug 16, 2024 1:41am Aug 16, 2024 1:41am
Quoting zuko
{quote} May I ask how you came up with ~2410-2405 level?
fibo plus TL and some imbalance there
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People don't plan to lose. They lose because they don't plan.
  • #38,452
  • Aug 16, 2024 1:43am Aug 16, 2024 1:43am
Quoting Mihisti
{quote} Hi Pedro, Why you don’t believe in 2440 to hold the price?
Do you ever see me buying at the top? No.
Always buy and sell extensions, never in the middle of range.
If you bought 2440 just hold it and add more at 2418
We watch the charts from every angle so you don't have to!!
  • #38,453
  • Aug 16, 2024 1:54am Aug 16, 2024 1:54am
Quoting pedro319
{quote} Do you ever see me buying at the top? No. Always buy and sell extensions, never in the middle of range. If you bought 2440 just hold it and add more at 2418
I would be so grateful if you could recommend some books to read this weekend.
How much you lose when you are wrong?
  • #38,454
  • Aug 16, 2024 1:55am Aug 16, 2024 1:55am
Quoting pedro319
{quote} Do you ever see me buying at the top? No. Always buy and sell extensions, never in the middle of range. If you bought 2440 just hold it and add more at 2418
Hi Pedro,
No major data today to affect gold, I think no big move until next week
It is not a shame to fall .. but shame that we cannot rise
  • #38,455
  • Aug 16, 2024 1:55am Aug 16, 2024 1:55am
Quoting aljOOker
{quote} I would be so grateful if you could recommend some books to read this weekend.
Scott Carney books are the best.
That is what I use along with other bits.
We watch the charts from every angle so you don't have to!!
  • #38,456
  • Aug 16, 2024 2:08am Aug 16, 2024 2:08am
Powell is scheduled to speak next Friday. Comments about September, jobs and inflation data are expected.
  • #38,457
  • Aug 16, 2024 2:12am Aug 16, 2024 2:12am
Quoting aaa595
hello I am a beginner in trading, just the basics of trading i use (volume profile) for trading what do you advise me for the next steps to learn.
السلام عليكم

حياك الله وبالتوفيق

كم سنه خبرتك ؟ سواء حقيقي او ديمو
كيف اداء صفقاتك بين الخساير والارباح ؟

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"the public is not yet ready for it" W.D. GANN
  • #38,458
  • Aug 16, 2024 2:15am Aug 16, 2024 2:15am
Quoting pedro319
{quote} Do you ever see me buying at the top? No. Always buy and sell extensions, never in the middle of range. If you bought 2440 just hold it and add more at 2418
Never Pedro. I was motivated by the expected lover inflation data (and comes as expected) and by the bullish sentiment. But the price turn in opposite direction.
  • #38,459
  • Aug 16, 2024 2:16am Aug 16, 2024 2:16am
Quoting Unique-SA
{quote} Hi Pedro, No major data today to affect gold, I think no big move until next week
Gold does not need data, Gaza talks and Ukraine's attack on Russia run the show at the moment. Any leak of information could spark big move.
Example: Disappointment in the way the talks in Gaza are progressing could see a return to the highs.
We watch the charts from every angle so you don't have to!!
  • #38,460
  • Aug 16, 2024 2:33am Aug 16, 2024 2:33am
Quoting Mihisti
{quote} Never Pedro. I was motivated by the expected lover inflation data (and comes as expected) and by the bullish sentiment. But the price turn in opposite direction.
Price travels from the point A to the point B. The news either accelerate or decelerate that process.
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