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  • #75,681
  • May 8, 2025 5:35am May 8, 2025 5:35am
Quoting RoelsMajor
{quote} London has opened. I’m not going to do anything today — the Asian session opportunity has passed, range allready 945 pips; but I’ll patiently wait for the price to return to the 50 EMA and then move down again. I might target a 2R trade, since my first two currency trades were losses today. On the risk side, one-third of the 21-period ADR is 848 / 3 = 283 pips, so my trade would have a 283-pip stop-loss (open lot 0.06, 0.5%, 33,075 Equity); and an initial 566-pip take-profit. I’m looking for a sell opportunity (so far). Always Lol ...
In any case, today there’s only one target left after the MPC rate chaos and the Unemployment Claims — sell at a minimum of 3376.60
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Meditation All Time Return: 8.9%
  • #75,682
  • May 8, 2025 5:50am May 8, 2025 5:50am
Quoting RoelsMajor
{quote} In any case, today there’s only one target left after the MPC rate chaos and the Unemployment Claims — sell at a minimum of 3376.60 {image}
The zones exist because retail traders always put thousands of entries and stop losses in those areas, because they think the price will bounce. Sometimes it does and they will make a bit of profit, but far more often they will get ripped straight through and lose a lot more.
  • #75,683
  • May 8, 2025 5:55am May 8, 2025 5:55am
Lol ^
  • #75,684
  • May 8, 2025 5:57am May 8, 2025 5:57am
Quoting Aphaynes
{quote} The zones exist because retail traders always put thousands of entries and stop losses in those areas, because they think the price will bounce. Sometimes it does and they will make a bit of profit, but far more often they will get ripped straight through and lose a lot more.
Actually, where a lot of limit orders cluster is exactly where the exchange with liquidity providers takes place (if they’re willing and able). Traders, on the other hand, look at the Moving Average: the price moves away from the average and then returns to it, or the average shifts toward the price. As for risk, it’s simple—what percentage is your stop-loss?
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Meditation All Time Return: 8.9%
  • #75,685
  • May 8, 2025 6:28am May 8, 2025 6:28am
Quoting navk
buy only day today in Gold ( for today ) only to me.
it didn't go as planned
  • #75,686
  • May 8, 2025 6:34am May 8, 2025 6:34am
Yes boys let's get cracking.
  • #75,687
  • May 8, 2025 6:34am May 8, 2025 6:34am
Quoting FranciscoB
{quote} it didn't go as planned
Do you not see the lack of volume? at least give it until NY opens lol.
  • #75,688
  • Edited 6:47am May 8, 2025 6:36am | Edited 6:47am
Quoting RoelsMajor
{quote} In any case, today there’s only one target left after the MPC rate chaos and the Unemployment Claims — sell at a minimum of 3376.60 {image}
Change a bit a map. 3370 now for retesting.
Edit
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Meditation All Time Return: 8.9%
  • #75,689
  • May 8, 2025 6:36am May 8, 2025 6:36am
Alright so today your boy is looking for some type of smaller TMF sell today, then into a higher TMF buy. Looks pretty nice so far, what you all thinking ?
  • #75,690
  • May 8, 2025 6:37am May 8, 2025 6:37am
Quoting d1zzy
{quote} Do you not see the lack of volume? at least give it until NY opens lol.
maybe after news lol
  • #75,691
  • May 8, 2025 6:38am May 8, 2025 6:38am
Quoting Fadhl
{quote} Price is underway to make a new HL. Watching 3315 as a goo area to go long.
Gold behaved as expected. It has still room to go down and reach 3315 up to 3300 to complete the HL move. This can happen today with Trump's big news (fake news) at 10:00 am (NY Time).
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  • #75,692
  • May 8, 2025 6:42am May 8, 2025 6:42am
Quoting Erebus
{quote} You sir, are the Nostradamus of Gold, absolutely nailed it today. {image}
for me, i do not take every trade signal.

I trade asia. Took long and booked profits.

In NY, I trade, if i wish. If i still want money.

I am looking for long opportunities in NY ( after ADR is met )
Intraday only.
  • #75,693
  • May 8, 2025 6:45am May 8, 2025 6:45am
Quoting 40k
Gold will come down if interest rates remains same.
Timing is important in forex trading.
  • #75,694
  • May 8, 2025 6:45am May 8, 2025 6:45am
I am watching on the H1 and noticing price bouncing between 3330 and 3345ish off of the 200 EMA. Waiting to see where price breaks--but predicting it will break below and continue a nice little dip. Anyone seeing the same?
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  • #75,695
  • May 8, 2025 6:45am May 8, 2025 6:45am
Quoting Fadhl
{quote} Gold behaved as expected. It has still room to go down and reach 3315 up to 3300 to complete the HL move. This can happen today with Trump's big news (fake news) at 10:00 am (NY Time). {image}
Agreed the down move will continue if not today the. Tomorrow.
  • #75,696
  • May 8, 2025 6:47am May 8, 2025 6:47am
Quoting navk
{quote} for me, i do not take every trade signal. I trade asia. Took long and booked profits. In NY, I trade, if i wish. If i still want money. I am looking for long opportunities in NY ( after ADR is met )
Have you ever done a backtesting in Asia session? I only trade in the London session.
  • #75,697
  • May 8, 2025 6:53am May 8, 2025 6:53am
Quoting FranciscoB
{quote} it didn't go as planned
from 3364 to 3414, it wentin Asia.

One can make money in this.

Trade, 1/5/15/30 min chart.
Intraday only.
  • #75,698
  • May 8, 2025 6:58am May 8, 2025 6:58am
Quoting Dundi
{quote} Have you ever done a backtesting in Asia session? I only trade in the London session.
The premise is “Asia is always up” or Range I is always up – that’s what matters. If that’s truly the case, can anyone provide at least this month’s data, for May? If we can consistently capture one-third of the ADR in Asia each day – as the price did today by hitting one-third of ADR – then the possibility of a robust system opens up wide. I like this. (but, but yesterday is no up, down)
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Meditation All Time Return: 8.9%
  • #75,699
  • May 8, 2025 6:58am May 8, 2025 6:58am
Quoting navk
buy only day today in Gold ( for today ) only to me.
This quote I look as"buy only day today" as last day call for buy
Be prepared for the Global Panic
  • #75,700
  • May 8, 2025 7:01am May 8, 2025 7:01am
Quoting Erebus
{quote} You sir, are the Nostradamus of Gold, absolutely nailed it today. {image}
Your post Only to discriminate others ,well done
Good luck
Be prepared for the Global Panic
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