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  • #47,421
  • Oct 18, 2024 12:19am Oct 18, 2024 12:19am
GBP
Retail Sales m/m

this news can put pressure on gold price for some time
  • #47,422
  • Oct 18, 2024 12:19am Oct 18, 2024 12:19am
Quoting PatienceFx
{quote} possible< kindly share a usd chart
never mind, it didnt form
  • #47,423
  • Oct 18, 2024 12:20am Oct 18, 2024 12:20am
Quoting IndianFX
{quote} Yes there are no technical levels for analysis now.
The only thing I can look at when at all time highs that I've found has been working for me, is looking at Stochastics on higher timeframe (high for me, say 1hr or 30min) and using candlestick patterns such as pennants.

For example, the 1hour stochastic is "overbought" ( I hate the term but it's what everyone else uses). I know this actually means that momentum is high, but when a stochastic is overbought, I look for a divergence on a lower timeframe such as 2 or 5 minute, and go against the trend when I see one. I just notice that relatively speaking, the stochastic doesn't stay overbought or over sold for long.
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  • #47,424
  • Oct 18, 2024 12:22am Oct 18, 2024 12:22am
Quoting PatienceFx
GBP Retail Sales m/m this news can put pressure on gold price for some time
The problem I have with the retail sales figure is that it track how much money people are spending, not the amount of stuff people are buying. So people can be buying less stuff but because of inflation, be spending more on it.

On the flip side, as George Gammon says, it doesn't matter what I think, it matters what the markets think.
  • #47,425
  • Oct 18, 2024 12:26am Oct 18, 2024 12:26am
Quoting MrFanciful
{quote} The problem I have with the retail sales figure is that it track how much money people are spending, not the amount of stuff people are buying. So people can be buying less stuff but because of inflation, be spending more on it. On the flip side, as George Gammon says, it doesn't matter what I think, it matters what the markets think.
the movement of GBP will affect USD and XAUUSD is measured in USD

that is the logic
  • #47,426
  • Oct 18, 2024 12:30am Oct 18, 2024 12:30am
Quoting PatienceFx
{quote} the movement of GBP will affect USD and XAUUSD is measured in USD that is the logic
this is why during High value USD news like FOMC Gold moves fastest
  • #47,427
  • Oct 18, 2024 12:31am Oct 18, 2024 12:31am
SL hitting making the up move I guess
  • #47,428
  • Oct 18, 2024 12:31am Oct 18, 2024 12:31am
the erratic white line on my chart is USD
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15.png Size: 22 KB
  • #47,429
  • Edited 7:49am Oct 18, 2024 12:32am | Edited 7:49am
long at 2711.30
Sl : 2707.3 (closed at 2709.50) (-18pip)
Tp : 2716.30
-----------------------
add long : 2712.50
sl : 2706 50 (closed at 2709.50) (-30pip)
tp : 1716.50
----------------
Short : 2706
Sl : 2716(sl hit)(-100pip)
Tp : open
-----------------------
Add another short at : 2706
Sl : 2710 (sl hit)(-40pip)
Tp 2702
-----------------------
Short again at 2708.50
sl : 2716 50(sl hit)
Tp : open(-75pip)
--------------------
Today Status so far : (-18,-30p,-100,-40,-75pip) , Total : -263pip
Today Win Ratio : 0/5 or %0)
Max Drawdown : -263
Max profit : +0
  • #47,430
  • Oct 18, 2024 12:33am Oct 18, 2024 12:33am
Quoting PatienceFx
the erratic white line on my chart is USD {image}
this is why i was requesting for a USD chart
  • #47,431
  • Oct 18, 2024 12:37am Oct 18, 2024 12:37am
So many account are blown I guess
  • #47,432
  • Oct 18, 2024 12:39am Oct 18, 2024 12:39am
Quoting Orand
So many account are blown I guess
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2024-10-18 at 11-08-57 Gold Page 2372 Forex Factory.png Size: < 1 KB
Click to Enlarge Name: XAUUSDM15.png Size: 22 KB
  • #47,433
  • Oct 18, 2024 12:41am Oct 18, 2024 12:41am
Quoting PatienceFx
{quote} {image} {image}
yes your bullshiit is too smelly, fucking demo trader, stop posting your shiity chart in every other post....
  • #47,434
  • Oct 18, 2024 12:42am Oct 18, 2024 12:42am
joined the long again @ 2711 but small target for 50 pips tp and 30 SL because there is no retrace i took small position
Attached Image
its all about Karma
  • #47,435
  • Oct 18, 2024 12:43am Oct 18, 2024 12:43am
if this news

GBP
Retail Sales m/m

weakens USD, Gold will go up
  • #47,436
  • Oct 18, 2024 12:46am Oct 18, 2024 12:46am
23 26 seems the TOP now
  • #47,437
  • Oct 18, 2024 12:46am Oct 18, 2024 12:46am
Quoting Orand
long at 2711.30 Sl : 2707.3 Tp : 2716.30 ------------------------ add long : 2712.50 sl : 2706 50 tp : 1716.50
congratulations on the Long, well done
  • #47,438
  • Oct 18, 2024 12:47am Oct 18, 2024 12:47am
Quoting Eringu
joined the long again @ 2711 but small target for 50 pips tp and 30 SL because there is no retrace i took small position {image}
yep up pressure

SL=BE=NO STRESS AND FREE TRADE
its all about Karma
  • #47,439
  • Oct 18, 2024 12:50am Oct 18, 2024 12:50am
Quoting IndianFX
{quote} yes your bullshiit is too smelly, fucking demo trader, stop posting your shiity chart in every other post....
be polite please, every chart/trade is idea, you can not decide wheather ppl post or not , stop reading them
  • #47,440
  • Oct 18, 2024 12:51am Oct 18, 2024 12:51am
Quoting Eringu
{quote} yep up pressure SL=BE=NO STRESS AND FREE TRADE
BE hit ,waiting for new setup

Cheers
its all about Karma
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