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  • #40,341
  • Aug 29, 2024 1:14pm Aug 29, 2024 1:14pm
I expect a wick above 2525$ and then the H4 candle to completely retrace down and begin the reversal.
  • #40,342
  • Aug 29, 2024 2:14pm Aug 29, 2024 2:14pm
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TechKnow
  • #40,343
  • Aug 29, 2024 2:30pm Aug 29, 2024 2:30pm
Non-Farm Employment Change is forecasted to come out at 163k from 114k last month. They want us to believe that they'll add additional 163k jobs after a recent catastrophe of a jobs data?...
  • #40,344
  • Aug 29, 2024 2:57pm Aug 29, 2024 2:57pm
Quoting Silver-King
Non-Farm Employment Change is forecasted to come out at 163k from 114k last month. They want us to believe that they'll add additional 163k jobs after a recent catastrophe of a jobs data?...
They change and revise it behind the scenes. If the US Gov is talkin, they are lyin.
TechKnow
  • #40,345
  • Edited 6:45pm Aug 29, 2024 6:35pm | Edited 6:45pm
Quoting PushnPull
Those who want to play bears with gold is the bravest among us imho. Some talked of DXY is gaining strength and Gold is about to fall must have put too much faith into Prelim GDP, which probably already priced in yesterday. Following that thought, the rally after GDP must be the markets trade for tomorrow's PCE. This year, until now, what we see in higher tf was that Gold broke all time high->consolidated -> broke all time high again and so on. All time high means no preferences or levels for bears to step in. Unless there are unexpected events...
agree. from a mechanical market structure standpoint in 4H tf:
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Quoting goldenwizard
{image} {image}
still on:
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2 Corinthians 12:9
  • #40,346
  • Aug 29, 2024 9:08pm Aug 29, 2024 9:08pm
Quoting eyefeelsix
{quote} ~ from Chaos to Cosmos I'am Short! {image}

Thrown out from yesterday's battle storm

However, the point zero still intact that means the bear is still alive


New day new entry and I'm still Short!

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https://breakpullback.com
  • #40,347
  • Aug 29, 2024 10:42pm Aug 29, 2024 10:42pm
scalp short 2512.60, 20 lots
vankiepsauff@gmail
  • #40,348
  • Edited Aug 30, 2024 12:09am Aug 29, 2024 11:34pm | Edited Aug 30, 2024 12:09am
market gave me another big lesson, I have no room for another lesson, I may need to extend my iCloud storage

anyway, yesterday was another bears shake off, i just drop here my chart to let you understand what I think.

Not easy to read the scheme.
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  • #40,349
  • Aug 29, 2024 11:38pm Aug 29, 2024 11:38pm
Quoting pedro319
{quote} I only charge commission on 200k accounts, if there are at least 2!!
Noted! Haha!
...I Bet You Ain't Never Seen A Donkey Fly!
  • #40,350
  • Edited Aug 30, 2024 12:40am Aug 29, 2024 11:48pm | Edited Aug 30, 2024 12:40am
Quoting Techknow
{quote} They change and revise it behind the scenes. If the US Gov is talkin, they are lyin.
GDP at 3% and NFP at 163k? These numbers are so fake it's funny. As we get closer and closer to the end of this clown show, the propaganda will get more and more out of hand.
  • #40,351
  • Aug 30, 2024 1:16am Aug 30, 2024 1:16am
Quoting goldenwizard
{quote} agree. from a mechanical market structure standpoint in 4H tf: {image} {quote} still on:{image}
Nice view.
30mins Order block at 2530 will decide if up or down. We will have almost 2 doji on weekly timeframe. Indecisive market participants, as next week nfp, some are expecting sh*t show- which is bad for risky asset.
Others are expecting good nfp, good for dollar bad for asset temporarily.
However, revision had been done to the nfp.
Hectic week awaiting for us.
More time in the market, does not mean you trade better!
  • #40,352
  • Aug 30, 2024 1:23am Aug 30, 2024 1:23am
Hourly Chart
Action/Reaction in 3 Steps
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Contrarian
  • #40,353
  • Aug 30, 2024 1:25am Aug 30, 2024 1:25am
Earth shattering PCE Index on the way lol, remember to secure your stops and account for slippage!
Fate goes ever, as fate must.
  • #40,354
  • Aug 30, 2024 1:33am Aug 30, 2024 1:33am
"Trade what you see, not what you think" they said

LLOLL!!

anyway 2523 is OTE for LKZ

liq number is 2471.

not a trade recommendations.
  • #40,355
  • Aug 30, 2024 1:37am Aug 30, 2024 1:37am
This is what we're waiting for actually... March of 2008. Bear Sterns went down and GFC has started. Yields on the treasuries started to rise which resulted in everything crashing down including PMs. Gold fell from 1000$ to 650$ during those months. Then, some months later yields on the treasuries started to crater and in that moment the PMs started to fly. Gold from 650$ to almost 2000$ and Silver from 8$ to 50$.

Everything begins and ends in the debt market. The main driver of everything else. So, why should we expect the Gold and Silver to drop? We actually probably shouldn't...
  • #40,356
  • Aug 30, 2024 1:46am Aug 30, 2024 1:46am
Quoting Fardeen1209
{quote} Nice view. 30mins Order block at 2530 will decide if up or down. We will have almost 2 doji on weekly timeframe. Indecisive market participants, as next week nfp, some are expecting sh*t show- which is bad for risky asset. Others are expecting good nfp, good for dollar bad for asset temporarily. However, revision had been done to the nfp. Hectic week awaiting for us.
Yes, the funny thing is somehow FED own research show missing 800k job months before revision came out. This is why they so skeptical about job growth and lower interest rate. I'm thinking they will slap in the face of the markets one more when Sept cut is the only one and done for this year. We're at a new normal level and can never go back to before pandemic
  • #40,357
  • Aug 30, 2024 1:49am Aug 30, 2024 1:49am
Quoting vankiepsauff
scalp short 2512.60, 20 lots
guys don’t be burning your accounts! Today will make movements! Even if you think it’s going down you gotta account for a lot of up first. Could be a $20 spike that comes and goes. Better not lose all your hard earned cash for greed.

also euro maybe in decision mode which can influence a new high.
  • #40,358
  • Aug 30, 2024 1:50am Aug 30, 2024 1:50am
Quoting PushnPull
{quote} Yes, the funny thing is somehow FED own research show missing 800k job months before revision came out. This is why they so skeptical about job growth and lower interest rate. I'm thinking they will slap in the face of the markets one more when Sept cut is the only one and done for this year. We're at a new normal level and can never go back to before pandemic
Every central bank is working hard on destroying their product. They are working day and night to completely destroy the purchasing power of their product. Meaning, central banks will cut rates all the way down, destroy the purchasing power of the currency and finally, their endgame, introduce CBDC. They need to tear this system apart and they will.
  • #40,359
  • Aug 30, 2024 1:58am Aug 30, 2024 1:58am
Quoting Silver-King
{quote} GDP at 3% and NFP at 163k? These numbers are so fake it's funny. As we get closer and closer to the end of this clown show, the propaganda will get more and more out of hand.
Its absolutely ridiculous. Never trusted the Gov less than I do at this moment.
TechKnow
  • #40,360
  • Aug 30, 2024 2:00am Aug 30, 2024 2:00am
Quoting Silver-King
{quote} Every central bank is working hard on destroying their product. They are working day and night to completely destroy the purchasing power of their product. Meaning, central banks will cut rates all the way down, destroy the purchasing power of the currency and finally, their endgame, introduce CBDC. They need to tear this system apart and they will.
As long i will make money out of it, i dont care.
Heath and wealth, much better.
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Nayimboy