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  • #8,901
  • May 30, 2023 9:00pm May 30, 2023 9:00pm
Quoting Zebi
{quote} now I can brag ...both my shorts the other one 1958.40 in the money right now..put my stop at 1962 so dont lose too much if reverses tp 1953 but still think we so todays lows..ill just reshort

dont know what to do now...should i do the prudent thing and leave my tp alone or succumb to greed and lower it to make more money

i lowered my stop so i make some money should it reverse
short trump and go long the deepstate
  • #8,902
  • May 30, 2023 9:06pm May 30, 2023 9:06pm
i know ill prolly regret this but i lowered my tp to 1945
short trump and go long the deepstate
  • #8,903
  • May 30, 2023 9:59pm May 30, 2023 9:59pm
Hello Folks! Good Morning from India. weekly support hold well @1963 alongwith the 161.8% Hourly retracement. Today I will scalp shorts for the pending untested levels below as I mentioned yesterday. Price now are going for only untested level above @ 1958 area. I will start sell from that area today with the SL above 1963 and TP 1935.Let's see how it goes.
Today's S&R levels update(Not untested levels):-
Hourly: 1951.50,1947.77,1944.05,1939.45.,1932,1924.57,1956.49,1960.66,1967.43,1961.61,1974.20,1978.37
4H: 1918.62,1931.35,1939.21,1944.08,1951.94,1955.24,1960.97,1966.71,1973.80,1985.26.,1996.72,2003.81

Trade safe
  • #8,904
  • May 30, 2023 11:17pm May 30, 2023 11:17pm
Quoting Inthebox
{quote} road block encountered shorted. {image}
now back to around same old road block zone
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,905
  • May 30, 2023 11:17pm May 30, 2023 11:17pm
Quoting parveenverma
Hello Folks! Good Morning from India. weekly support hold well @1963 alongwith the 161.8% Hourly retracement. Today I will scalp shorts for the pending untested levels below as I mentioned yesterday. Price now are going for only untested level above @ 1958 area. I will start sell from that area today with the SL above 1963 and TP 1935.Let's see how it goes. Today's S&R levels update(Not untested levels):- Hourly: 1951.50,1947.77,1944.05,1939.45.,1932,1924.57,1956.49,1960.66,1967.43,1961.61,1974.20,1978.37 4H: 1918.62,1931.35,1939.21,1944.08,1951.94,1955.24,1960.97,1966.71,1973.80,1985.26.,1996.72,2003.81...
Oops! I missed a untested level above 1961 area there.I noticed it later. So price can go above for grab Asian liquidity and then attack back to below untested areas. Till 1963 is holding my bias are bearish and if broken then I will search for buy entries.Trade safe
  • #8,906
  • May 31, 2023 12:51am May 31, 2023 12:51am
1971.36 is next bus stop
  • #8,907
  • May 31, 2023 1:16am May 31, 2023 1:16am
Quoting parveenverma
{quote}Oops! I missed a untested level above 1961 area there.I noticed it later. So price can go above for grab Asian liquidity and then attack back to below untested areas. Till 1963 is holding my bias are bearish and if broken then I will search for buy entries.Trade safe
Asian session & above 1963 Liquidity Grabbed. What's next...I am expecting a heavy sell off. Add one more sell with SL 1965 and TP 1935.Trade safe
  • #8,908
  • May 31, 2023 1:43am May 31, 2023 1:43am
Good afternoon.
Gold, H1,. As I understand the trend, the trend has changed in that cycle. the same is true for H4.
However, D1 is still in a downtrend and it will take time to see if the minor trend can transform into a major trend.
Attached Image (click to enlarge)
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Just follow the trend.
  • #8,909
  • May 31, 2023 1:44am May 31, 2023 1:44am
Quoting parveenverma
{quote}Asian session & above 1963 Liquidity Grabbed. What's next...I am expecting a heavy sell off. Add one more sell with SL 1965 and TP 1935.Trade safe
Unfortunately, I seem to be on the opposite side of the fence from you.
Just follow the trend.
  • #8,910
  • May 31, 2023 1:58am May 31, 2023 1:58am
Quoting lucaswalliam
{quote} Unfortunately, I seem to be on the opposite side of the fence from you.
Hi Lucas! This time I am not agree with you because Hourly trend changed here u r right but as per my chart 4H is still bearish until price cross above 1985.Trade safe
  • #8,911
  • May 31, 2023 2:00am May 31, 2023 2:00am
Technically the Trend is UP according to the Daily and we just bounced off the trend line yesterday.
Attached Image (click to enlarge)
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  • #8,912
  • May 31, 2023 2:04am May 31, 2023 2:04am
Quoting lucaswalliam
Good afternoon. Gold, H1,. As I understand the trend, the trend has changed in that cycle. the same is true for H4. However, D1 is still in a downtrend and it will take time to see if the minor trend can transform into a major trend. {image}
I am in the same boat.
  • #8,913
  • May 31, 2023 2:08am May 31, 2023 2:08am
Quoting your6s
Technically the Trend is UP according to the Daily and we just bounced off the trend line yesterday. {image}
At one point you are right but if you closely view all your charts then you will found that Daily,Weekly and Monthly are in sideways mode,4H in down trend and hourly is in ping pong mode. Big time frames reactions reflects on small time frames while prices are very close to the Imp Levels. So as day trader or scalp trader its better to focus on small TFs like 4H and 1H and keep the daily monthly,weekly and daily imp levels marked on you chart for alert your self.Trade safe
  • #8,914
  • Edited 2:22am May 31, 2023 2:10am | Edited 2:22am
Quoting lucaswalliam
Good afternoon. Gold, H1,. As I understand the trend, the trend has changed in that cycle. the same is true for H4. However, D1 is still in a downtrend and it will take time to see if the minor trend can transform into a major trend. {image}
it is not likely that now has change to uptrend.
market is only 'considering' by ranging and ranging and ranging until it is satisfied.
imaging it is like a big oil tanker in the ocean, how difficult it is to turn it around 180 degree.
so now you can trade both ways.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,915
  • May 31, 2023 2:18am May 31, 2023 2:18am
Gold is refusing to go down as market is now risk-off. Look at xxxjpy pairs.All deep red. EURJPY is down 100 pips despite ECB being hawkish.
  • #8,916
  • May 31, 2023 2:59am May 31, 2023 2:59am
Quoting FxSnapper
Gold is refusing to go down as market is now risk-off. Look at xxxjpy pairs.All deep red. EURJPY is down 100 pips despite ECB being hawkish.
CMP:

EURJPY - 149.15
AUDJPY - 90.50
GBPJPY - 172.75

Gold - 1956

I expect Gold to move down when XXXJPY starts moving up.
  • #8,917
  • May 31, 2023 3:16am May 31, 2023 3:16am
Quoting Inthebox
{quote} now back to around same old road block zone {image}
drop from frankfurt open
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,918
  • May 31, 2023 3:23am May 31, 2023 3:23am
Quoting FxSnapper
{quote} CMP: EURJPY - 149.15 AUDJPY - 90.50 GBPJPY - 172.75 Gold - 1956 I expect Gold to move down when XXXJPY starts moving up.
why should UJ go up.?
  • #8,919
  • May 31, 2023 3:30am May 31, 2023 3:30am
Quoting parveenverma
{quote}Hi Lucas! This time I am not agree with you because Hourly trend changed here u r right but as per my chart 4H is still bearish until price cross above 1985.Trade safe
You may be right, but I still stand by my opinion that the trend has changed on the H4 chart.
Of course, it could be a false breakout.
The "W" bottom is the basis of my judgment. Whether the trend will last or not, I don't know.
Attached Image (click to enlarge)
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Just follow the trend.
  • #8,920
  • May 31, 2023 3:32am May 31, 2023 3:32am
Quoting Inthebox
{quote} it is not likely that now has change to uptrend. market is only 'considering' by ranging and ranging and ranging until it is satisfied. imaging it is like a big oil tanker in the ocean, how difficult it is to turn it around 180 degree. so now you can trade both ways. {image}
Yes. Trends may not change that easily.
But when a signal appears, I have to trade the signal. The rest is up to God and time.
Just follow the trend.
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