yes definitely bullish. There's a few reasons to look at 121 as a long term target, depending on your thoughts on trends, patterns, break outs and fibs, but I'm sure it will be a bumpy ride. fits with DXY going to 95. image

The Swamp

So we have gone to 100% expectation of a cut on 17th with 92% for 25BPS and now 8% for 50BPS. CPI next week will affect things, and make it tough to do 50bps. Trump will apply max pressure for 50. image

The Swamp

[/B] Yes, its short/medium term bad for the dollar as interest rates fall and come into line, but the USD cant be written off. There are other factors at work also. Trump desperately wants a weaker dollar, it helps with the debt so he will ...

The Swamp

3 month average is now just 29K

The Swamp

also look at the revisions from June. Its not a good number so pressure will come on for 50BPS cuts

The Swamp

or not...."technical difficulties may cause delays"

The Swamp

for a rate cut to be in doubt the employment change would need to be 80k or north. (unemployment goes down) If the number is way worse than expected , say 40k then 50BPS cut might be on the table and Dollar goes down. I think there is more chance of ...

The Swamp

image

The Swamp

I think there's more risk to the upside for gold.. 25bps is baked in, consensus is 97%. trump is spouting about the figures so my guess is he knows they are bad. I don't think anyone is seriously thinking 50bps cut but the figures might just be bad ...

Gold Pro Harmonic trading

SL at BE.

Gold with thedaytrader

Dude i traded point A as i said....how is B better??? You chose to criticize my trade! I have simply asked why. How is it helpful? Anyway clear i have nothing to offer here so good luck to all.

Gold with thedaytrader

Your chart has no price scale. Im just trying to understand your comment that i should have waited. If i entered at B it would have been later and at a higher price?? so less profit. My trade was pretty bloody good in my opinion . ...but you have ...

Gold with thedaytrader

as already said Average Price Bars a version of HA, but where did price go lower than where i entered, where was the better entry (later entry) you are referring to when you say I should have waited?? Show me on your chart if you like.

Gold with thedaytrader

also you said "waited longer".....so price would have been higher than when i entered...? so you see all the candles to the right....where should i have entered that would have been better?

Gold with thedaytrader

its APB (average price bar) . If you look at my entry chart, already posted, please tell me where you would have entered .....and why you didn't?

Gold with thedaytrader

entered long on the break of 3534.04 see what reaction we get at .618 fib of the down move. chart is m30 image

Gold with thedaytrader

if you mean closing above the trendline....then no would be dumb to risk that....and yes i could have entered earlier ......like maybe last week Im always happy taking profit , in hindsight there is always a few pips missed , but this trade ...

Gold with thedaytrader

please explain. Timing of entry or exit?

Gold with thedaytrader