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  • #19,421
  • Sep 26, 2023 1:25am Sep 26, 2023 1:25am
The sun came up this morning, therefore the DXY rises.
  • #19,422
  • Sep 26, 2023 1:36am Sep 26, 2023 1:36am
Quoting Maverick02
{quote} Well,seeing that the strategy has proven to be more successful than failure, I wouldn't mind following it from time to time, or learning it even. I'm new to this, and I'm trying to grasp around and see what works better for me, and at the same time earning little money while at it. So, I wouldn't mind you dropping them when you enter. Thanks for the response, by the way.
Hi Maverick02 and John612, trading is easy you just press the buy or sell button.First of all I'm am not a guru or qualified to teach just sharing.Take whatever is good for you and ignore the rest.It is not about the system or strategy it is you.Of course you need a good system to be profitable.Know yourself first.For a start you can open a H4 line chart and draw the nearest A and V.Change to candle stick and adjust the pin high and low.Go to lower time frame.You will be amazed how price react.Work on you money management and create your own strategy.Tips first touch is the best.Example during Frankfurt and London price expansion sweeping Asian low as in arrow is a good set up for a buy.Good luck.
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  • #19,423
  • Sep 26, 2023 1:43am Sep 26, 2023 1:43am
Good morning.
Well i dont read the news
but this i saw on ff made me laugh
Government shutdown would delay release of key economic data (nypost.com)
Goldie going down,to skyrocket later? Cause printing dollar is not the option anymore
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #19,424
  • Sep 26, 2023 1:44am Sep 26, 2023 1:44am
Quoting 10QFX
{quote} Hi Maverick02 and John612, trading is easy you just press the buy or sell button.First of all I'm am not a guru or qualified to teach just sharing.Take whatever is good for you and ignore the rest.It is not about the system or strategy it is you.Of course you need a good system to be profitable.Know yourself first.For a start you can open a H4 line chart and draw the nearest A and V.Change to candle stick and adjust the pin high and low.Go to lower time frame.You will be amazed how price react.Work on you money management and create your...
Thanks once again.
  • #19,425
  • Sep 26, 2023 1:44am Sep 26, 2023 1:44am
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State of play
  • #19,426
  • Sep 26, 2023 1:55am Sep 26, 2023 1:55am
Guys, is gold gonna go up at all? It's been just falling for the last 15 hours or so lol. I kinda made a careless mistake which made me a huge loss and I want to recover that somehow Can someone help me out please
  • #19,427
  • Sep 26, 2023 2:10am Sep 26, 2023 2:10am
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Stopped tp
  • #19,428
  • Sep 26, 2023 2:11am Sep 26, 2023 2:11am
Quoting ghostx017
Guys, is gold gonna go up at all? It's been just falling for the last 15 hours or so lol. I kinda made a careless mistake which made me a huge loss and I want to recover that somehow Can someone help me out please
Explain a bit about your trade and RR......

Gold is in Selling mode but now it required a retracement from current zone or 1907-08 Zone.Maximum retracement I am expecting 1921-22 or a bit more.Better to wait for 4H close for more clear picture.Trade safe
  • #19,429
  • Sep 26, 2023 2:11am Sep 26, 2023 2:11am
Quoting SkullCandy
Good morning. Well i dont read the news but this i saw on ff made me laugh Government shutdown would delay release of key economic data (nypost.com) Goldie going down,to skyrocket later? Cause printing dollar is not the option anymore
They will start printing again. about 27% of US government debt will be rolled over to current interest rates next year, that is a massive increase on interest payments. Foreign countries have enough of their own debt, and therefore rising interest payments of their own to have the money to buy more US debt. Even the our country, the UK, which is the 3rd largest holder of US debt behind Japan and China are reducing our holdings.

The reason we are seeing the relentless rise of the DXY is because massive companies such as Evergrande (who missed an interest payment yesterday) and Country Garden, and governments are selling US treasuries and other assets in order to get dollars to pay their dollar denominated debt.

Ultimately, ass the interest payments needed to be made by the US government increase rapidly, that will increase their budget deficit even more, they will need to sell more and more bonds to fund it but foreign countries will be more and more reluctant to do so.

They will then have no choice but to go to the lender-of-last-resort, the Fed. They will turn on the money printer again in order to fund the government.

Welcome to hyperinflation.
  • #19,430
  • Sep 26, 2023 2:14am Sep 26, 2023 2:14am
at last 1909.74 tl giving some support , limit up watching 1913.11 for target down , may last for today 1908.07 and 1907.18 to 1905 even ok . take care
while gu target 2134 , ey 0516 . lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #19,431
  • Sep 26, 2023 2:14am Sep 26, 2023 2:14am
Closed some and BE
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  • #19,432
  • Sep 26, 2023 2:16am Sep 26, 2023 2:16am
Can retracement till 1916 be seen before further fall?
Never stop learning. Improvise, adapt, overcome.
  • #19,433
  • Sep 26, 2023 2:18am Sep 26, 2023 2:18am
Quoting ghostx017
Guys, is gold gonna go up at all? It's been just falling for the last 15 hours or so lol. I kinda made a careless mistake which made me a huge loss and I want to recover that somehow Can someone help me out please
Look back at my comment history. I've lost loads and totally lost my shit as a result. You aren't alone. Trade smaller. It's a marathon, not a sprint.

Will gold ever go up. It's kind of the wrong question. The value of gold has been very stable for a very, very, very long time. The proper question to ask is whether the dollar will ever come down. The answer is yes. Why? Because it's a fiat currency and all fiat currencies eventually go to zero (it's down about 98% since the Fed was created so not far to go). Will it be today or tomorrow? Probably not. This year? Doubt it. This decade? Perhaps.

When a recession happens (which the US is in, just like every Western country whether they want to admit that or not), you tend to see gold do a dump. A big reason for this is because gold is very liquid and easy to sell in order for people, companies and governments to pay down debts. Then when it idiots running the central banks admit what's happening, gold takes off.
  • #19,434
  • Sep 26, 2023 2:19am Sep 26, 2023 2:19am
I think its retracing to the extreme POI, then after a CHoCh in ltf could might be a possible reversal point. there’s so much liquidity at top,price should definitely tap to that lavel. i might be wrong trade safe
waiting for 1908 lavel
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  • #19,435
  • Sep 26, 2023 2:23am Sep 26, 2023 2:23am
Quoting parveenverma
{quote}Explain a bit about your trade and RR...... Gold is in Selling mode but now it required a retracement from current zone or 1907-08 Zone.Maximum retracement I am expecting 1921-22 or a bit more.Better to wait for 4H close for more clear picture.Trade safe
Well i had a buy limit set at 1919 yesterday evening and then i broke my phone, didn't have anywhere else to check it. Turns out i forgot to set stop loss, the limit got triggered, gold kept falling, i just checked and it's at 1909 so yeah fml
  • #19,436
  • Sep 26, 2023 2:26am Sep 26, 2023 2:26am
Quoting MrFanciful
{quote} Look back at my comment history. I've lost loads and totally lost my shit as a result. You aren't alone. Trade smaller. It's a marathon, not a sprint. Will gold ever go up. It's kind of the wrong question. The value of gold has been very stable for a very, very, very long time. The proper question to ask is whether the dollar will ever come down. The answer is yes. Why? Because it's a fiat currency and all fiat currencies eventually go to zero (it's down about 98% since the Fed was created so not far to go). Will it be today or tomorrow?...
Oh yes, i do trade small. I barely have 500$ in my account lol. And every time I get to 600, i end up losing more and falling back. Still trying to learn though. Thanks
  • #19,437
  • Sep 26, 2023 2:27am Sep 26, 2023 2:27am
Quoting ghostx017
Guys, is gold gonna go up at all? It's been just falling for the last 15 hours or so lol. I kinda made a careless mistake which made me a huge loss and I want to recover that somehow Can someone help me out please
I don't know that you will believe me or not but I think this thing is heading towards 1916.69
  • #19,438
  • Sep 26, 2023 2:28am Sep 26, 2023 2:28am
Quoting ghostx017
{quote} Well i had a buy limit set at 1919 yesterday evening and then i broke my phone, didn't have anywhere else to check it. Turns out i forgot to set stop loss, the limit got triggered, gold kept falling, i just checked and it's at 1909 so yeah fml
Worst thing you can do now is behave like me and make over leveraged revenge trades. Take a deep breath, accept what happens and learn from it.
  • #19,439
  • Sep 26, 2023 2:28am Sep 26, 2023 2:28am
Quoting 10QFX
Closed some and BE {image}
+20pips
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  • #19,440
  • Sep 26, 2023 2:38am Sep 26, 2023 2:38am
Quoting MrFanciful
{quote} Worst thing you can do now is behave like me and make over leveraged revenge trades. Take a deep breath, accept what happens and learn from it.
Ah yes I'm trying my best to not revenge trade. Read many comments here of how revenge trade went to shit further. I'll keep that in mind
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