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  • #41,441
  • Sep 6, 2024 3:07am Sep 6, 2024 3:07am
Quoting Whale
Follow the turtle soup {image}
They're keeping the price near Resistance... this will be hard to trade live. Are you also expecting a wick up first and then 2450$?
Actually, now that I think about it... everyone expects bad NFP which might lead to a rally first, but the numbers may come out better than expected at which point the rally will be exhausted relatively fast.
  • #41,442
  • Sep 6, 2024 3:12am Sep 6, 2024 3:12am
Also, don't forget the Fed members that will give a speech after NFP is out... this could be used to manipulate the price.
  • #41,443
  • Sep 6, 2024 3:18am Sep 6, 2024 3:18am
Chance for the 50bps or 25bps cut happening is basically the same. 43% for the 50bps and 57% for 25bps cut.

On 18th of September 2007. the forecast was that the Fed will cut (their first cut) by 25bps, but the Fed ended up cutting by 50bps. Maybe the history will repeat itself soon.

Whatever happens today, we'll finally be able to establish the short-term trend in my opinion after today.
  • #41,444
  • Sep 6, 2024 3:23am Sep 6, 2024 3:23am
Quoting Silver-King
{quote} They're keeping the price near Resistance... this will be hard to trade live. Are you also expecting a wick up first and then 2450$? Actually, now that I think about it... everyone expects bad NFP which might lead to a rally first, but the numbers may come out better than expected at which point the rally will be exhausted relatively fast.
swear to god, i dont know what im expecting to.
i think the number will be better than expected, but i dont know how market will react

im holding mini order of GU short and one very small short on gold from 2520
  • #41,445
  • Sep 6, 2024 3:24am Sep 6, 2024 3:24am
Something tells me that it won't be so easy trying to pick the top...
  • #41,446
  • Sep 6, 2024 3:26am Sep 6, 2024 3:26am
Quoting Whale
{quote} swear to god, i dont know what im expecting to. i think the number will be better than expected, but i dont know how market will react
Indeed... I was just saying that same thing yesterday... this is among the times when I am completely clueless to what's about to happen.

One part of the system suggests a deep retracement down, even below 2450$ and some part is suggesting Long. I don't know...

We could see Silver soon at 25$ or we're going above 30$ and that should be it. Hmm...

We all agree more or less that if they want to go down, that first they'll get rid of the sellers above the 2530$... but God only knows...
  • #41,447
  • Sep 6, 2024 3:31am Sep 6, 2024 3:31am
Okay... let's say that the price skyrockets up on the NFP. What is the plan folks? Are you going to short that rally or join the rally on retracement or without retracement?

Pedro are you taking a full profit above 2550$ or? What's your Short level? Thanks!

If they don't break the Resistance then we'll all be left in the confusion... at least I will.
  • #41,448
  • Sep 6, 2024 3:42am Sep 6, 2024 3:42am
Quoting Whale
{quote} swear to god, i dont know what im expecting to. i think the number will be better than expected, but i dont know how market will react im holding mini order of GU short and one very small short on gold from 2520
Good luck!
  • #41,449
  • Sep 6, 2024 3:50am Sep 6, 2024 3:50am
Quoting Silver-King
Okay... let's say that the price skyrockets up on the NFP. What is the plan folks? Are you going to short that rally or join the rally on retracement or without retracement? Pedro are you taking a full profit above 2550$ or? What's your Short level? Thanks! If they don't break the Resistance then we'll all be left in the confusion... at least I will.
i saw on his Twitter that he said 50% of the last position at 2520 and

2548 and 2565 are reversal level
https://x.com/elvis_manu10289
...I Bet You Ain't Never Seen A Donkey Fly!
  • #41,450
  • Sep 6, 2024 3:53am Sep 6, 2024 3:53am
Quoting dilidanjaro
{quote} i saw on his Twitter that he said 50% of the last position at 2520 and 2548 and 2565 are reversal level https://x.com/elvis_manu10289
Uhm... thanks for sharing!
  • #41,451
  • Sep 6, 2024 4:16am Sep 6, 2024 4:16am
Bought gold
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  • #41,452
  • Sep 6, 2024 4:36am Sep 6, 2024 4:36am
In my opinion, high possibility that NFP will be worse than expected, gold will rally within 30 mins then loosing steam and go all the way down to $2,450 which is MA50 of daily chart.
  • #41,453
  • Sep 6, 2024 5:06am Sep 6, 2024 5:06am
If you don't have a fat pocket, shorting from here is the real definition of aggressive entry, No doubt price might sweep liquidity below range which is not very likely.
The range is over, the manipulation is done, the trend has continued ....I'm bullish till 2600+
And if the trend change there is always a chance to join the dip
  • #41,454
  • Sep 6, 2024 5:09am Sep 6, 2024 5:09am
Quoting Techknow
{quote} Oh man, y'all, those 60 lots short did NOT work out. Seriously though, I closed longs around 2520. I dont want to trade the news, and it was a great week already. On a more serious note, the forum was a total shit show lately. I dont want to say there are rules in here because there are no rules in here but, I can say this. Every time people start personally attacking people, calling people names, and generally wasting time, it makes people leave. It makes people uncomfortable. It makes people not take...
I agree we are not here to fight with each other's we are here to learn, spread knowledge, getting good ideas, sharing is caring, I also earned a lot with pedro319 strategy buy on resistance so people can sell from supports. Is there any issue? If someone selling on support or someone buying on resistance.
Please respect each other
Thanks a lot
  • #41,455
  • Sep 6, 2024 5:29am Sep 6, 2024 5:29am
I think it will touch 2531 and forms a triple top on 4H, Then it decreases until 2325
  • #41,456
  • Sep 6, 2024 5:40am Sep 6, 2024 5:40am
Quoting eyefeelsix
{quote} Alright, zero risk! now let him go. The sky's the limit In my view, 99.99% ATH will be broken today or tomorrow, I promise! If the remaining 0.01% doesn’t break, as usual I’ll make another promise later {image}

to protect my assets when I’m feeling overwhelmed and out of control, I always put stop-loss level ( for max -3% risk of total balance ) indicates that the plan is not going as expected.


anticipation today's NFP, my sl-tp updated. take care everyone

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https://breakpullback.com
  • #41,457
  • Edited 6:21am Sep 6, 2024 5:42am | Edited 6:21am
From my experience there is little point trading before big meetings. It has been my biggest winning days but before you know it you could be ruck with a back. Putting on some sell limits at resistance levels with target prices set. Probably somewhere around 45 55.

30% acc is my max risk and then I probably dip.
  • #41,458
  • Sep 6, 2024 5:59am Sep 6, 2024 5:59am
Quoting khoasg
In my opinion, high possibility that NFP will be worse than expected, gold will rally within 30 mins then loosing steam and go all the way down to $2,450 which is MA50 of daily chart.
That would be super YUMMY
Fate goes ever, as fate must.
  • #41,459
  • Sep 6, 2024 6:19am Sep 6, 2024 6:19am
Quoting AlfieSolomon
Bought gold {image}
24 pips bagged
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  • #41,460
  • Sep 6, 2024 6:46am Sep 6, 2024 6:46am
Looks like we're dumping a bit in preparation for NFP, this is getting interesting
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