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  • #8,061
  • May 17, 2023 8:26am May 17, 2023 8:26am
Quoting Andy2T
Hello, Just wanted to share my first time going in for a breakout entry hitting a TP. I will be back with a new chart analysis practice later. Safe trading and good luck! {image}
hi Andy2T
stay alive
dolce vita
  • #8,062
  • May 17, 2023 8:29am May 17, 2023 8:29am
Now i think this is the time i started to worry about because this up and down move has created confusion on terms of volume. All of sudden M1 volume is mixed up and M5 reduced the target from 2000 to 1994. I think i need to add another buy at 1977
Love for all; Hatred for none.
  • #8,063
  • May 17, 2023 8:30am May 17, 2023 8:30am
Quoting aahmad29
{quote} Nice to see you here. Were you gone for long vacations?
no, I just traded other currency pairs
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #8,064
  • May 17, 2023 8:46am May 17, 2023 8:46am
Quoting aahmad29
Now i think this is the time i started to worry about because this up and down move has created confusion on terms of volume. All of sudden M1 volume is mixed up and M5 reduced the target from 2000 to 1994. I think i need to add another buy at 1977
Again they left 2 bags full of money behind in 1983 & 1985 area till now during this down move.Lets wait when they will return to carry them.Trade safe
  • #8,065
  • May 17, 2023 8:58am May 17, 2023 8:58am
Quoting parveenverma
{quote}Again they left 2 bags full of money behind in 1983 & 1985 area till now during this down move.Lets wait when they will return to carry them.Trade safe
Oops ! they are trying to go back to catch their money but station master from 1977 station is whistling them to report first at the station.May be they will go for it after reporting at the station.Trade safe
  • #8,066
  • May 17, 2023 9:00am May 17, 2023 9:00am
bought at 1978
Failure is the mother of success: learn from 'her'
  • #8,067
  • May 17, 2023 9:01am May 17, 2023 9:01am
Quoting parveenverma
{quote}Oops ! they are trying to go back to catch their money but station master from 1977 station is whistling them to report first at the station.May be they will go for it after reporting at the station.Trade safe
Finally the 1977 station arrived.Guys have patience and decide trade entry after double confirmation.Trade safe
  • #8,068
  • May 17, 2023 9:04am May 17, 2023 9:04am
It looks like 1971 is going to be tested.
Good thing is that my chart is showing that on M15 chart sellers volume is exhausted. I made mistake in analysis. I thought that there is no red news then normal volume is gonna play role. I should have waited until one side (buyer or sellers) volume is exhausted and then take my position.
Love for all; Hatred for none.
  • #8,069
  • May 17, 2023 9:24am May 17, 2023 9:24am
Quoting parveenverma
{quote} Finally the 1977 station arrived.Guys have patience and decide trade entry after double confirmation.Trade safe
Bought 2 lots up 800 dollars planning to close
  • #8,070
  • May 17, 2023 9:32am May 17, 2023 9:32am
Quoting parveenverma
{quote}Oops ! they are trying to go back to catch their money but station master from 1977 station is whistling them to report first at the station.May be they will go for it after reporting at the station.Trade safe
This time I was out for some time and they pick their both bags.It's ok .....I will search their bags again and this time I will tried to grab more money.Trade safe
  • #8,071
  • May 17, 2023 10:00am May 17, 2023 10:00am
Quoting babayaga
{quote} hi Andy2T stay alive
Hello,
Thank you for the reply.
I haven't entered any position today, the market looked too risky for me.
I will come back in when there are clearer signs of a trend.
Until then, I will keep on with the chart analysis practice.
Safe trading and good luck!
  • #8,072
  • May 17, 2023 10:11am May 17, 2023 10:11am
Quoting Xautrucho
Gold to 1960 bulls seem extra tired despite price consolidating, volume keeps pushing down. Seems like pushes upward are only to trap us into long.
Getting green but seldom seen
  • #8,073
  • May 17, 2023 10:25am May 17, 2023 10:25am
gold is playing around DeMark's WS1 ( 1982th) right now
above are DPPs, 1994th&1997th area.., not printed yet
below are DS1: 1976th - printed
DeMark's DS1: 1970.50 - not yet
DS2: 1964.50 - not yet
yesterday gold reversed at 1985..,
today ?

P.S. and btw are we going for PPs or no (?!) today
dolce vita
  • #8,074
  • May 17, 2023 10:40am May 17, 2023 10:40am
the old story, yields 2years
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will they go down a little in about half/one hour? I expect it.

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  • #8,075
  • May 17, 2023 11:12am May 17, 2023 11:12am
is this a reason we are not going up (?!)
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from myfxbook
dolce vita
  • #8,076
  • May 17, 2023 11:16am May 17, 2023 11:16am
Quoting babayaga
is this a reason we are not going up (?!) {image} from myfxbook
Yes this is the reason, we need to go back to test at least 1997, and we must now be careful of bear traps.
"Who Dares Wins"
  • #8,077
  • May 17, 2023 11:17am May 17, 2023 11:17am
Quoting babayaga
is this a reason we are not going up (?!) {image} from myfxbook
Their hunger is huge they are not satisfied yet.They want 95:5 ratio.Then then will drop it quickly and grab all the liquidity below 1975.Trade safe

Edit: before that quick drop...a lots of drama their like up down sideways channeling etc etc etc ...........
  • #8,078
  • May 17, 2023 11:36am May 17, 2023 11:36am
Am i overlooking or is it really gap which is not filled 1990-1992?
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Love for all; Hatred for none.
  • #8,079
  • May 17, 2023 11:49am May 17, 2023 11:49am
i think ,gap to look is about 1867.16 -1871.43 but who knows,,,,
  • #8,080
  • May 17, 2023 11:49am May 17, 2023 11:49am
Quoting babayaga
is this a reason we are not going up (?!) {image} from myfxbook
No, it's all about interest rates. Gold will have a very hard time going up when bond yields are rising.

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Bonds are also a safe haven (provided the U.S. doesn't default) so when yields rise, bonds are more appealing on a relative basis.
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