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  • #44,741
  • Sep 26, 2024 9:28am Sep 26, 2024 9:28am
wait for the trend line break below will hit the support trend line. 2700 still valid until break the trend line.
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  • #44,742
  • Sep 26, 2024 9:30am Sep 26, 2024 9:30am
Quoting NrSLionHeart
{quote} This is what I see on my screen...{image} The PA is next: Scenario 1 (bearish scenario): 1. Price tries to hit 50% retracement 2. If it does not hit it, it tries to challenge the bottom again 3. Fails to take the bottom 4. Moves up and tries again to hit 50% retracement 5. Fails for the second time, tries to take the bottom the second time, succeeds and goes down Scenario 2 (bullish scenario): 1. Price tries to hit 50% retracement 2. If it does not hit it, it tries to challenge the bottom again 3. Goes back up, hits 50% and hovers in that...
We'll see yeah. For now, even though the price may drop around 40$ more, I still do not see any confirmation from higher TFs that this Short will be large.

Just to make it clear... I consider a large retracement a retracement around or above 100$.
  • #44,743
  • Sep 26, 2024 9:30am Sep 26, 2024 9:30am
Quoting Silver-King
{quote} Bears are having a tough day, week, month and year yeah. We should probably continue to rally until US selections, as any major drop in PMs would mean that the stocks would get hit pretty bad as well, unless the wars would stop in which case the PMs would get hit and stocks would rally like crazy, but I doubt that highly.
I agree bears usually have a tough time on Gold overall but today is a good day for bears relative to the last days
  • #44,744
  • Sep 26, 2024 9:32am Sep 26, 2024 9:32am
Sellers get out.
  • #44,745
  • Sep 26, 2024 9:33am Sep 26, 2024 9:33am
Quoting SnakeDok
{quote} I agree bears usually have a tough time on Gold overall but today is a good day for bears relative to the last days
Bears always get a breath of fresh air when US session starts. Rarely do PMs move higher during US session these days. This could probably persist until the Gold really tops.
  • #44,746
  • Sep 26, 2024 9:34am Sep 26, 2024 9:34am
Quoting Whale
Sellers get out.
If price can climb above 2672$ I'm out.

I still believe Gold should come under heavy fire once Silver gets around 35$.
Too soon to speak about that however.
  • #44,747
  • Sep 26, 2024 9:38am Sep 26, 2024 9:38am
Quoting Silver-King
{quote} If price can climb above 2672$ I'm out.
Your money your call.


I know those scumbags


must have closed below today open.
Missed
  • #44,748
  • Sep 26, 2024 9:39am Sep 26, 2024 9:39am
BitCoin over 65000$. Yeah... wasn't too surprising, but can't have the money for everything hahah.
  • #44,749
  • Sep 26, 2024 9:39am Sep 26, 2024 9:39am
Quoting Whale
{quote} Your money your call. I know those scumbags must have close below today open. Missed
  • #44,750
  • Sep 26, 2024 9:39am Sep 26, 2024 9:39am
30$ retracement ain't nothing to sneeze at.
  • #44,751
  • Sep 26, 2024 9:45am Sep 26, 2024 9:45am
Quoting Orand
{quote} 10 trades, i had really bad day today , although I was within my daily limit ( 200 pips ) what you say is correct , indeed it's one of my problems , I hate losing days , thank you for remind me and otheres that there will always tomorrow . -------------------- Today Status so far : (-40pip,20pip ,-40pip,-40pip, -25pip,-40pip,-40pip,50pip,105pip,40pip) , Total : -10pip Today Win Ratio : 4/10 or %40
Please take a break once you win. Sometimes 1 or 2 trades are enough.

Compounding is good. Its just that some dont see it.
Trading is very lonely
  • #44,752
  • Sep 26, 2024 9:47am Sep 26, 2024 9:47am
Quoting axecap
{quote} VWAP?
Vwap is used by many old traders. Its very accurate, but you need a lot of understanding. Its a bit tougher than sma and ema.
Trading is very lonely
  • #44,753
  • Sep 26, 2024 9:49am Sep 26, 2024 9:49am
Quoting luckytujuh
{quote} Vwap is used by many old traders. Its very accurate, but you need a lot of understanding. Its a bit tougher than sma and ema.
You calling me old ?
  • #44,754
  • Sep 26, 2024 9:50am Sep 26, 2024 9:50am
Quoting Orand
short at 2668 SL : 2672 TP : OPEN ---------------------- Add short at 2666.60 Sl : 2672 Tp : 2660
add short 2666.50
tp 2662
Sl : 2672 (may close manually if not working )
  • #44,755
  • Sep 26, 2024 9:50am Sep 26, 2024 9:50am
Quoting Silver-King
{quote} We'll see yeah. For now, even though the price may drop around 40$ more, I still do not see any confirmation from higher TFs that this Short will be large. Just to make it clear... I consider a large retracement a retracement around or above 100$.
I saw a potential drop, but its only till 2626. Thats when i saw during london. Either break ath or drop till 2626. So i had a sell at 2667 stop loss at 2670. Because hitting it will definitely cause another ath. Im not that kind of trader who counter buy once my sell is failed.

I just prefer to see where the ath stop. And i prefer to see where daily close later. So i try again next day.
Trading is very lonely
  • #44,756
  • Sep 26, 2024 9:51am Sep 26, 2024 9:51am
gold is not looking good. its about time it drops 10-20 dollars quickly just to flush some longs
  • #44,757
  • Sep 26, 2024 9:53am Sep 26, 2024 9:53am
Quoting SnakeDok
{quote} You calling me old ?
No man. Not calling you old. Just that not many people uses vwap. Only old experience traders use it.
For me, i no longer use a single indicator anymore.
No trend lines, no nothing.
Not only it lags the screen, too much noise for me.

Just see candles and wicks are enough for me
Trading is very lonely
  • #44,758
  • Sep 26, 2024 9:53am Sep 26, 2024 9:53am
Quoting luckytujuh
{quote} Please take a break once you win. Sometimes 1 or 2 trades are enough. Compounding is good. Its just that some dont see it.
over trading make one mind losing sight of bigger picture
  • #44,759
  • Sep 26, 2024 10:04am Sep 26, 2024 10:04am
Quoting Orand
{quote} add short 2666.50 tp 2662 Sl : 2672 (may close manually if not working )
Still holding Shorts at 2668$.
  • #44,760
  • Sep 26, 2024 10:06am Sep 26, 2024 10:06am
Quoting luckytujuh
{quote} I saw a potential drop, but its only till 2626. Thats when i saw during london. Either break ath or drop till 2626. So i had a sell at 2667 stop loss at 2670. Because hitting it will definitely cause another ath. Im not that kind of trader who counter buy once my sell is failed. I just prefer to see where the ath stop. And i prefer to see where daily close later. So i try again next day.
Around 2630$ yes! We'll see if that'll happen or not, if it does the pullback should end around this price. This would be that retracement of the second rally and then we should be getting one more rally and that should take us close to 2800$ or somewhat higher.
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