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  • #38,721
  • Aug 16, 2024 11:33am Aug 16, 2024 11:33am
Quoting Coreg2004
{quote} {quote} Awesome analysis, gentlemen. Now I can retire. {image}
Leaving behind great students, measter
More time in the market, does not mean you trade better!
  • #38,722
  • Aug 16, 2024 11:36am Aug 16, 2024 11:36am
Quoting ScalaFX
{quote} ok, starting builiding shorts one more time from 2495, will add every 5$ till 2550
You don't need to rush, that is for noobs, after 6 UK time overbought opens up and we can proceed higher
We watch the charts from every angle so you don't have to!!
  • #38,723
  • Aug 16, 2024 11:37am Aug 16, 2024 11:37am
Quoting Bflyfx
shitty indicators will always give below the par results you need something that gives you confidence, levels that work and huge reward to risk
You can say that again
We watch the charts from every angle so you don't have to!!
  • #38,724
  • Aug 16, 2024 11:38am Aug 16, 2024 11:38am
Quoting pedro319
{quote} You don't need to rush, that is for noobs, after 6 UK time overbought opens up and we can proceed higher
I know, I just dont wonna to miss something
People don't plan to lose. They lose because they don't plan.
  • #38,725
  • Aug 16, 2024 11:39am Aug 16, 2024 11:39am
Quoting pedro319
{quote} You can say that again
its called edge, works from Monday to Friday
I only follow traders with IQ above 160
Challenge Tour All Time Return: -81.0%
  • #38,726
  • Aug 16, 2024 11:41am Aug 16, 2024 11:41am
Quoting Bflyfx
{quote} its called edge, works from Monday to Friday
Reminds me of poor Ata indicators, magnetics and whatnot
We watch the charts from every angle so you don't have to!!
  • #38,727
  • Aug 16, 2024 11:42am Aug 16, 2024 11:42am
Quoting ScalaFX
{quote} ok, starting builiding shorts one more time from 2495, will add every 5$ till 2550
Possibility to close it in green when wave [iv] unfolds.
More time in the market, does not mean you trade better!
  • #38,728
  • Aug 16, 2024 11:42am Aug 16, 2024 11:42am
Quoting ScalaFX
{quote} I know, I just dont wonna to miss something
same here brother. Something is going to happen soon definitely. The fall will be massive.
  • #38,729
  • Aug 16, 2024 11:45am Aug 16, 2024 11:45am
Quoting pedro319
{quote} Reminds me of poor Ata indicators, magnetics and whatnot
magnetics waves and shark
I only follow traders with IQ above 160
Challenge Tour All Time Return: -81.0%
  • #38,730
  • Aug 16, 2024 11:46am Aug 16, 2024 11:46am
Quoting profits7
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: xu13.png Size: 38 KB
Don’t focus on making $$$, focus on protecting what you have.
  • #38,731
  • Aug 16, 2024 11:46am Aug 16, 2024 11:46am
Quoting Forexstarr
{quote} same here brother. Something is going to happen soon definitely. The fall will be massive.
At the point of most certainty… best to do the opposite.

with it so far up the long term chart with a second spike, it could EASILY blow the top off, blow some accounts & cause a massacre.

Next Week. Mr market ain’t in a rush. At this point & with this consistent PA I believe it’s the most likely scenario.
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Que Sera
  • #38,732
  • Aug 16, 2024 11:48am Aug 16, 2024 11:48am
Quoting Catempire
{quote} At the point of most certainty… best to do the opposite. with it so far up the long term chart with a second spike, it could EASILY blow the top off, blow some accounts & cause a massacre. Next Week. Mr market ain’t in a rush.
Given the time of the day you should still think 2508 and 2520 which is D1 overbought, we are not under extreme volatility
anything else its just ppl talking rubbish
We watch the charts from every angle so you don't have to!!
  • #38,733
  • Aug 16, 2024 11:52am Aug 16, 2024 11:52am
Quoting Fardeen1209
{quote} Possibility to close it in green when wave [iv] unfolds.
thx Bro for daily updates
People don't plan to lose. They lose because they don't plan.
  • #38,734
  • Aug 16, 2024 11:56am Aug 16, 2024 11:56am
Quoting pedro319
{quote} Given the time of the day you should still think 2508 and 2520 which is D1 overbought, we are not under extreme volatility anything else its just ppl talking rubbish
yes certainly we could see those levels. But I don’t believe we are going to see the top today.
Que Sera
  • #38,735
  • Aug 16, 2024 11:57am Aug 16, 2024 11:57am
folk like to talk about things they dont understand
I only follow traders with IQ above 160
Challenge Tour All Time Return: -81.0%
  • #38,736
  • Aug 16, 2024 11:59am Aug 16, 2024 11:59am
Quoting pedro319
{quote} Given the time of the day you should still think 2508 and 2520 which is D1 overbought, we are not under extreme volatility anything else its just ppl talking rubbish
Yes, I agree. New traders were taught overbought could lead to reversal only. That's why their guru teacher was paid for. Depend on situations, overbought/oversold could mean the situation can continues the same as long as it can be.
  • #38,737
  • Aug 16, 2024 12:03pm Aug 16, 2024 12:03pm
Quoting PushnPull
{quote} Yes, I agree. New traders were taught overbought could lead to reversal only. That's why their guru teacher was paid for. Depend on situations, overbought/oversold could mean the situation can continues the same as long as it can be.
Thank you.
Anyone who is anyone in Fx and other instruments, knows that the overbought oversold condition is not normal and most instruments, especially Gold try to move out of it quickly.
If we were under extreme volatility one could admit price keeps going forever, its not the case.
We watch the charts from every angle so you don't have to!!
  • #38,738
  • Aug 16, 2024 12:11pm Aug 16, 2024 12:11pm
Quoting pedro319
{quote}Thank you. Anyone who is anyone in Fx and other instruments, knows that the overbought oversold condition is not normal and most instruments, especially Gold try to move out of it quickly. If we were under extreme volatility one could admit price keeps going forever, its not the case.
ignorance is bliss and makes money for the bank
I only follow traders with IQ above 160
Challenge Tour All Time Return: -81.0%
  • #38,739
  • Aug 16, 2024 12:16pm Aug 16, 2024 12:16pm
Quoting profits7
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: xu14.png Size: 69 KB

_______________________________tf = H1
Don’t focus on making $$$, focus on protecting what you have.
  • #38,740
  • Aug 16, 2024 12:16pm Aug 16, 2024 12:16pm
I'm a new trader and here is an out of the box thought:

wouldn't most retail traders selling and going short at 2490-2500 just create liquidity for the big people ?
could it be that there is a missile ready and waiting to be launched towards Iran or Israel and push the price higher ? (for the exact same purpose as the first Idea)

I would like to hear you guys' opinion on these.
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