DislikedGold is acting like it might break out and continue today's rally.Ignored
If in doubt, paddle out!
- #242
- Jul 11, 2019 10:20am Jul 11, 2019 10:20am
- Joined Dec 2015 | Status: Trader | 1,505 Posts
Right now...Back and forth and back and forth...like a rocking chair...I think I'm being lulled to sleep. Gold selling during the Fed Chair's testimony today...where as yesterday it was gold buying...That tells me the order flow is pretty much balanced. And thus we have a range....DUH...
Pull up a chair friends...this may go on all summer
Pull up a chair friends...this may go on all summer
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- #243
- Jul 11, 2019 2:15pm Jul 11, 2019 2:15pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Right now...Back and forth and back and forth...like a rocking chair...I think I'm being lulled to sleep. Gold selling during the Fed Chair's testimony today...where as yesterday it was gold buying...That tells me the order flow is pretty much balanced. And thus we have a range....DUH... {image} Pull up a chair friends...this may go on all summer
FED and ECB playing tennis... or "catch me" game Market just unsure who will make worse move... although appearing glory at first, might hurt us in the longterm.. This stimuluses/cuts are just a rather short-term crack at the expense of the long-term correction/stability/(over)debt... But they seem to promise that this can not go longer than the end of the month.. I hope the trend will set/stabilise by the end of next weeks... This delays are just terrible... Although good for traders specialised in this, I prefer to trade the same type of trades within certain timeframe.. as I plan to bet on the stronger USD by the day... for the next 3 months or so
Can you afford to take that chance?
- #245
- Jul 11, 2019 3:57pm Jul 11, 2019 3:57pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
- #246
- Jul 12, 2019 9:12am Jul 12, 2019 9:12am
- Joined Dec 2015 | Status: Trader | 1,505 Posts
Right now...buying...selling...selling...buying...
......
Someone wake me up when price does something
...... Someone wake me up when price does something
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- #250
- Jul 12, 2019 10:37pm Jul 12, 2019 10:37pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
Right now I'm feeling blessed for having my accounts at all time highs. It was another great week for me, hope you guys did well too.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
{quote} Congrats Ef5. Great to hear! So looking ahead, even though gold is closed right now, the question is when are these 50 basis point rate cut expectations going to head towards zero. We only have a little over two weeks. I'm thinking next week the market get's its head out of the clouds. {image}
Regarding rate expectations, I'm going to seriously look at trading this one. I think I'll do it ZQ instead of gold though since its a direct bet. All else being equal, gold should drop but more things can go wrong with it.
Self-sufficiency is the greatest of all wealth. - Epicurus
- #252
- Jul 14, 2019 9:00am Jul 14, 2019 9:00am
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
{quote} Congrats Ef5. Great to hear! So looking ahead, even though gold is closed right now, the question is when are these 50 basis point rate cut expectations going to head towards zero. We only have a little over two weeks. I'm thinking next week the market get's its head out of the clouds. {image}
I bet on that common sense also, but hey, assuming they would make a rational decision is not something I would be betting my ass onI would still be careful about this but nevertheless, all my conclusions are suggesting me that the outcome will be slowly stronger USD by the day at least till middle of OCT at which point, re-calculation
Can you afford to take that chance?
- #254
- Jul 15, 2019 11:10am Jul 15, 2019 11:10am
- Joined Dec 2015 | Status: Trader | 1,505 Posts
Right now gold traders just can't make up their minds.
Working on my cell right now because I will be traveling for the next few days. And it looks like a good time to do it. I wish you day traders lot's of luck. Time to practice your range trading skills.
I'm going to the beach...
Working on my cell right now because I will be traveling for the next few days. And it looks like a good time to do it. I wish you day traders lot's of luck. Time to practice your range trading skills.
I'm going to the beach...
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Right now gold traders just can't make up their minds. {image} Working on my cell right now because I will be traveling for the next few days. And it looks like a good time to do it. I wish you day traders lot's of luck. Time to practice your range trading skills. I'm going to the beach... {image}
Self-sufficiency is the greatest of all wealth. - Epicurus
- #256
- Jul 15, 2019 2:56pm Jul 15, 2019 2:56pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Right now gold traders just can't make up their minds. {image} Working on my cell right now because I will be traveling for the next few days. And it looks like a good time to do it. I wish you day traders lot's of luck. Time to practice your range trading skills. I'm going to the beach... {image}
Should anyone miss the direction, could be burned for the summer, suncream or not I believe we will have this show for 2 weeks at which point I hope.. the market will release its brakes and we can finally start REAL trading.. and the ones that would bet it wrong, would be washed away.. Many traders took the exploit of this gridlock (swing)... they seem to be profitable...but in reality... if they places BUY instead of SELL or vica versa.. they might still be profitable... if they had the "turning radius" aka SL/margin/stop wide enough
After about 2-3weeks we shall see rather QUICK who HAS IT and who was just an opportunistic "FRAUD" selling crack (ideas) to kids
that would be it Can you afford to take that chance?
- #258
- Jul 15, 2019 9:14pm Jul 15, 2019 9:14pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
Since I posted the US Retail Sales - July Preview, the market is expecting a greater chance of a 50 basis point rate cut.
I see the risk in stronger than expected data, which would send gold lower. If the data deviates enough from consensus forecasts, it could trigger some heavy volatility. I'm not sure what tomorrow will bring, but the potential for significant impact exists. Good luck out there!
I see the risk in stronger than expected data, which would send gold lower. If the data deviates enough from consensus forecasts, it could trigger some heavy volatility. I'm not sure what tomorrow will bring, but the potential for significant impact exists. Good luck out there!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
- #260
- Jul 16, 2019 1:11am Jul 16, 2019 1:11am
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts
I'm in let's go!! 
