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  • #40,861
  • Sep 3, 2024 10:38pm Sep 3, 2024 10:38pm

Good Morning Asian high is a great opportunity for taking a short position, with the invalidation level yesterday's high

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  • #40,862
  • Sep 4, 2024 12:11am Sep 4, 2024 12:11am
Quoting ScalaFX
{quote} best protected if hit will buy lower
closed all reversed to short this 2495 for 2460, will buy there
People don't plan to lose. They lose because they don't plan.
  • #40,863
  • Sep 4, 2024 12:41am Sep 4, 2024 12:41am
Quoting pedro319
{quote} Absolutely, this was just a little pullback on D1 but on W1 it looks like nothing. We should get on the move now.
hihi, 200pips? but who's counting
...I Bet You Ain't Never Seen A Donkey Fly!
  • #40,864
  • Sep 4, 2024 12:56am Sep 4, 2024 12:56am
Just an opinion
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Contrarian
  • #40,865
  • Sep 4, 2024 1:41am Sep 4, 2024 1:41am
Price choose wideTR .
LY ( Low of Yesterday) can be nice for buy .
Those who dare to fail miserably can achieve greatly.” ~ John F. Kennedy.
  • #40,866
  • Sep 4, 2024 1:41am Sep 4, 2024 1:41am
Quoting Silver-King
M15 TF conquered by the Bulls. Now, they hit exactly M30 Resistance at 2496.8. This is a next test. After that they have to break 2503 (H1 Resistance). Only then, we can start talking about potential for a new all time highs, but as of now no. H4 Resistance will also be around 2503 for the EU Session.
And they lost control over the M15 TF yet again. H4 if it closes like this suggests another dive. Then, we're probably going for 2445$ - 2450$ and if that fails we can start saying hi to the 2415$ - 2420$. Below that opens the door for 2290$.

M15 Resistance is at 2493$.
  • #40,867
  • Sep 4, 2024 1:42am Sep 4, 2024 1:42am
Quoting dilidanjaro
{quote} hihi, 200pips? but who's counting
I'm agree with pedro .. It gonna to go UP . be sure
Those who dare to fail miserably can achieve greatly.” ~ John F. Kennedy.
  • #40,868
  • Sep 4, 2024 1:48am Sep 4, 2024 1:48am
Quoting ScalaFX
{quote} closed all reversed to short this 2495 for 2460, will buy there
partials taken, rest risk free ride for 2460
People don't plan to lose. They lose because they don't plan.
  • #40,869
  • Sep 4, 2024 1:49am Sep 4, 2024 1:49am
Quoting mhmdghaeni
{quote} I'm agree with pedro .. It gonna to go UP . be sure
It's looking really bad... not even M1 is in an up-trend. I don't see any life for the Bulls here, only death. We'll see...
  • #40,870
  • Sep 4, 2024 1:57am Sep 4, 2024 1:57am
Quoting Thtpro
I'm pretty certain I trade completely differently to you guys DAILY chart is in a position to rally based on the Indicators - next couple of days - obviously not guaranteed, but if it does it will create opportunities on the 1 hour & 15 min charts that can be traded long - Path of least resistance by the current position of these Indicators is up, does NOT mean that will happen, we've all seen Indicators give false readings - hence why I wait for price action to CONFIRM the expectation and then act All I personally need to make is 0.46R per day...
Same as yesterday - We should see some sort of "pop" higher next few days

No positions have been taken, although you could have traded a 5 min chart yesterday - we want bigger moves!

This acts like a FILTER, then we WAIT to see if one of our bull set-ups appears/shows up, then and only then, do we take a position

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EDIT - I should have said the odds favour a pop higher, it doesn't mean we will get it, you have to also consider that price could head down a little to complete its pattern before any move higher - the main thing is, that based off the Indicators, this market is in a position to move higher at some point
  • #40,871
  • Sep 4, 2024 1:59am Sep 4, 2024 1:59am
Quoting Silver-King
{quote} It's looking really bad... not even M1 is in an up-trend. I don't see any life for the Bulls here, only death. We'll see...
Wait till NFP
Those who dare to fail miserably can achieve greatly.” ~ John F. Kennedy.
  • #40,872
  • Sep 4, 2024 2:01am Sep 4, 2024 2:01am
Quoting mhmdghaeni
{quote} Wait till NFP
Maybe the Gold will skyrocket on NFP, however NFP is on Friday and there's a lot of news and time left until NFP.
  • #40,873
  • Sep 4, 2024 2:04am Sep 4, 2024 2:04am
Quoting Silver-King
{quote} So, for this scenario to happen where we go down first to 2450$-ish and then to 2550$-ish, I think the following scenario may happen. USD goes up for the whole week and the Gold drops to around 2450$ up until NFP report which will be a disappointment and will give the Gold once again the momentum to go higher. Then, we have a CPI report which would suggest that inflation is dropping convincingly towards the 2% (just look at other CPI reports that came out recently, Spanish CPI dropping like a stone basically, Euro Zone CPI dropping like...
This was the main scenario I though about could potentially play out. So far, so book. PMs down until NFP at which we should either get a very good retracement or another rally to 2550$.


Now... I'm going to take the advice I was given here by some member and go get some coffee and light up a cigarette.
  • #40,874
  • Sep 4, 2024 2:11am Sep 4, 2024 2:11am
in case price back above 2491 its a clear long to 2510

no rush, im already long from 2484.5
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  • #40,875
  • Sep 4, 2024 2:30am Sep 4, 2024 2:30am
Im going to wait a bit before long
  • #40,876
  • Sep 4, 2024 2:49am Sep 4, 2024 2:49am
Quoting Silver-King
{quote} This was the main scenario I though about could potentially play out. So far, so book. PMs down until NFP at which we should either get a very good retracement or another rally to 2550$. Now... I'm going to take the advice I was given here by some member and go get some coffee and light up a cigarette.
The best advice till now for the day.
Good or bad, this too shall pass...!!
  • #40,877
  • Sep 4, 2024 3:05am Sep 4, 2024 3:05am
price prep for Friday
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  • #40,878
  • Sep 4, 2024 3:06am Sep 4, 2024 3:06am
A potential support. unless it's broken.
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Contrarian
  • #40,879
  • Sep 4, 2024 3:10am Sep 4, 2024 3:10am
Quoting dilidanjaro
{quote} hihi, 200pips? but who's counting
Dont forget my commission, they way I look at it it's about 12.000 Usd.
Cheers
We watch the charts from every angle so you don't have to!!
  • #40,880
  • Sep 4, 2024 3:21am Sep 4, 2024 3:21am
Quoting Whale
in case price back above 2491 its a clear long to 2510 no rush, im already long from 2484.5 {image}
cut with lost

i will enter with better conditions
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