Moty, I know you've not asked for advice, and I really hope I'm not giving advice that's not wanted, but when macd does that equal up / below histogram thing - it's ranging, every asset is almost the same at the moment. Just wait it out, conserve ...

Cable Update (GBPUSD)

It was a very quiet day, in fact, a very quiet week and a half. JP Morgan, Goldman Sachs, and Bank of America all forecast rates to hold, which makes the lack of movement and the geopolitical news even more extraordinary. Still, I'm selling from ...

Gold

Do you trade full-time? I'm counting down the days, too, but not like I used to when I was employed. It's funny how we still do it. We are effectively our own bosses and can take time off whenever we want, but somehow, we feel guilty when we do!

Cable Update (GBPUSD)

Do you use Ctrader? (I think I've seen an image posted from you that's ctrader) Get Luc FVG Gap Inbalance from Ctrader site indicator section & get Ehlers MESA adaptive moving average. (MESA is quite similar to PSAR it works with acceleration) its ...

Gold

Gold has had two drops in modern times, one after the crash after quantitative easing. It lost 70% of its value but took over 4 years. The other Covid - lost 50% and was just over 2 years. This has been far its most parabolic rise, so 61-70% is not ...

Gold

Yeah, it's very quiet. PPI might be okay, but I think we'll wait for the Fed rate on the 18th, and then it's nearly year-end. I'm going to see what today is like, and then I think I will break early until January.

Gold

Renko chart 5pip I'm on sideline until 2720 or 2710 is broken

Gold

Thanks, I remember watching a video with him in it, think you posted it and I clicked it when lurking. I remember he wasn't very complimentary of LME board

Gold

Yep, think it will move eventually, probably when Asia wakes up. Have you got a link to the bullion bank short, please?. (I like reading about stuff like that)

Gold

Thanks for the advice. I think hesitation comes from fear. When I started trading, I was trading with money I couldn't afford to lose. I'm profitable and financially, I'm now secure, but I think I just carry the scars from my history. I'm out until ...

Gold

Confused this morning, think it is a buy, PCE was 0.3, PPI 0.3 so there is a fairly decent probability CPI will be at forecast 0.3, so the trend should continue until next high at 2715 / 2720. But can't quite press the buy button I'm hesitating

Gold

Silence of lambs Mr Bean does Dallas

Cable Update (GBPUSD)

Because market has a cycle of boom to bust. Gold is a hedge against currencies, when recession is unlikely, the inflationary period is over (soft landing) there is no need for gold and gold liquidated to cash & invest elsewhere.

Gold

Looks like fractal indicator

Gold

It's a huge guess on my part but I think the buy was the 17th November and I think that level has been retested on the 25th November and we may have seen two more buys (Friday and one yesterday). Again it's hard to say for sure but it looked like ...

Gold

I think its to do with PBOC resuming buying gold in November, they have stopped since May last year. They believe price is low enough for them to buy and then I think most institutions aren't arguing with a central bank and they're out of gold ...

Gold

No it was only for a month, you need to be 45% win rate with 2:1 RR to make good money per week, so random generater or coin toss cant fail to work with a trending market but I wouldn't like to try it duirng a low volatility ranging market. (My ...

Gold

I did this for a period in demo, I was struglling with psychology side and I used it as an exercise. Makes you appreciate that strategy is not that important but risk management, discipline and trading without emotion is the key. Every open I used a ...

Gold

Potential bearish bat on daily and 4hr at 2697-2698

Gold

I'm quite cynical of ICT / SMC, personally think its reconstituted (rebadged) wycoff theory with catchy up to date names. My experience of SMC, is it works and works well but you have to get BOS / CHoCH right. The market structure is critical, get ...

Cable Update (GBPUSD)