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  • #50,161
  • Nov 1, 2024 4:54am Nov 1, 2024 4:54am
Bloody HALLOWEEN. Last time we have this big drop 50$ in gold was back then Mid July and early August.
NFP forecasted around 106k, very low number due to hurricane and strike. But what if the number came out good, higher than expected but not above 150k, surely the government probably could cook the number again. What made them not? Besides there's a rumors that FED might end cutting rates soon, and a reasonable NFP could be helpful with that.
Anyway, let's see what number will come out.
  • #50,162
  • Nov 1, 2024 4:58am Nov 1, 2024 4:58am
Quoting Lloyd628
{quote} Hmmm, let's see. 1) He apologized (yes, you read it right) for a mistake he made. 2) He received 1 review for his paid-for-subscriptions. For the rest: all hunky dory. {image} {image}
There is free harmonics indicator on tradingview which is open source and works pretty well. Includes backtest results and so on. It is programmed by reeees i think. Harmonics are pretty bad ROI
How to succeed in zero sum game?
  • #50,163
  • Nov 1, 2024 5:13am Nov 1, 2024 5:13am
This is what I'm looking at with XAUUSD on the hourly.

Want to see a break of 2757 before adding to long OR a snap down 2747.57 to take profit and reverse position.

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A big dog
  • #50,164
  • Nov 1, 2024 5:19am Nov 1, 2024 5:19am
Quoting Lloyd628
{quote} Hmmm, let's see. 1) He apologized (yes, you read it right) for a mistake he made. 2) He received 1 review for his paid-for-subscriptions. For the rest: all hunky dory. {image} {image}
Surprised his minions haven’t positive review bombed the page yet
  • #50,165
  • Nov 1, 2024 5:53am Nov 1, 2024 5:53am
Quoting saal
GOld has completed not only our 2770$ target but the more extended one around 2790$. Today many things depend on GDP numbers. So our choice is to wait for pullback and consider only long positions. First area to watch is 2766$ support, next one is 2750-2755$ Gold sell 2786 SL: 2791 TP1 :2784 TP2 :2782 TP3 :2780 TP4 :2778 TP5 :2776 TP6 :2774 TP7 :2772 TP8 :2770 TP9 :2768 TP10 :2766
Hello saal, -I want to understand how you place multiple TP at x pips distances. -is this one or 10 different orders. Please can you help and explain how you are doing this trade.

Regards,
Moti
  • #50,166
  • Nov 1, 2024 5:54am Nov 1, 2024 5:54am
Status for the week.

Staying away from NFP as I don’t want to push my luck any further.

Be cautious today everyone. Best of luck
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  • #50,167
  • Nov 1, 2024 6:03am Nov 1, 2024 6:03am
Quoting Haks
Status for the week. Staying away from NFP as I don稚 want to push my luck any further. Be cautious today everyone. Best of luck {image}
bloody hell mate, that' some good profits.

I can't wait for the 4-5 figure weeks again, those were some good old days.
  • #50,168
  • Nov 1, 2024 6:07am Nov 1, 2024 6:07am
Quoting Haks
Status for the week. Staying away from NFP as I don稚 want to push my luck any further. Be cautious today everyone. Best of luck {image}
@Haks

What's your trading strategy ?
  • #50,169
  • Nov 1, 2024 6:07am Nov 1, 2024 6:07am
Quoting Haks
Status for the week. Staying away from NFP as I don稚 want to push my luck any further. Be cautious today everyone. Best of luck {image}
Super cool results, Hax.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #50,170
  • Nov 1, 2024 6:10am Nov 1, 2024 6:10am
Poll:

Gold will go high or down in NFP ?
  • #50,171
  • Nov 1, 2024 6:14am Nov 1, 2024 6:14am
after a long break October was the month i turned profitable, hopefully november treats everyone well
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  • #50,172
  • Nov 1, 2024 6:19am Nov 1, 2024 6:19am
Quoting shay14
{quote} bloody hell mate, that' some good profits. I can't wait for the 4-5 figure weeks again, those were some good old days.
4-5 figures good but then also risky depending on your account size.

My aim is actually 1k a week but for some reason I couldn稚 pass up some of the opportunities that came up this week.

However, I overtraded this week which meant going against one of my risk management strategies.
I値l definitely be more conservative again from next week.
  • #50,173
  • Nov 1, 2024 6:19am Nov 1, 2024 6:19am
Quoting Evrix
I may wrong, entering with small risk after a red candle on 30m sl at day high and tp1 - 2746, tp2 -2727 {image}
still in play i think, buying may possible after rejection/lquidity sweep at 2730 ...trade safe!!!
  • #50,174
  • Nov 1, 2024 6:22am Nov 1, 2024 6:22am
Quoting PushnPull
Bloody HALLOWEEN. Last time we have this big drop 50$ in gold was back then Mid July and early August. NFP forecasted around 106k, very low number due to hurricane and strike. But what if the number came out good, higher than expected but not above 150k, surely the government probably could cook the number again. What made them not? Besides there's a rumors that FED might end cutting rates soon, and a reasonable NFP could be helpful with that. Anyway, let's see what number will come out.
I've not heard any rumours about that, we've not hit the blackout date, so they'd be seeding something to the effect of cuts will be slower than people expect, or we won't cut as far as people expect.

I think that is conjecture based on Trump victory and his policies are fundamentally inflationary, but you wouldn't run into that buzz saw until Q2 2025 at thea earliest

Now, they've all been downplaying the number coming out today because of the back to back hurricanes
  • #50,175
  • Nov 1, 2024 6:24am Nov 1, 2024 6:24am
Quoting sadsoul
{quote} @Haks What's your trading strategy ?
I値l be honest with you, my strategy is probably a lot more riskier than most.

I知 a scalper and a counter trend trader. So basically spotting an opportunity when an asset is oversold/overbought. Usually I知 out of my trades in minutes as I hate the unpredictability of the markets.

Hope that helps.
  • #50,176
  • Nov 1, 2024 6:25am Nov 1, 2024 6:25am
Quoting freedom808
after a long break October was the month i turned profitable, hopefully november treats everyone well {image}
Finally

Long may this continue.
  • #50,177
  • Nov 1, 2024 6:42am Nov 1, 2024 6:42am
Quoting Haks
{quote} I値l be honest with you, my strategy is probably a lot more riskier than most. I知 a scalper and a counter trend trader. So basically spotting an opportunity when an asset is oversold/overbought. Usually I知 out of my trades in minutes as I hate the unpredictability of the markets. Hope that helps.
Do u set stop losses then?
  • #50,178
  • Nov 1, 2024 6:43am Nov 1, 2024 6:43am
Attachment g
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  • #50,179
  • Nov 1, 2024 6:46am Nov 1, 2024 6:46am
Quoting sadsoul
Poll: Gold will go high or down in NFP ?
Up and down or down and up
average dude treading water
  • #50,180
  • Nov 1, 2024 6:55am Nov 1, 2024 6:55am
According to the Forex Factory forecast this data effects Gold on Bullish side.

The big players plans to enter again from 2770 to 2780 zone .

Technical Analysis also seen to be buy ..
Let's see ....

But am a big of big player
Am still waiting for best area for buying like 2600 ,2650
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Mouba77