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  • #12,601
  • Edited 4:33am Jul 18, 2023 4:07am | Edited 4:33am
rechecking usdx , at a sr , just nominal , a correction still in demand but weekly likely get refuge to better support at lows 98.70 while 100 pullback overhead and if get a wind can do too. anyway bear pressure very strong after allegedly tanking from sr 100!! same pullback can be at much lower level , wkly support next or lows ! this bear leg should fast down type towards 97+/95+/93+ . So no easy stop bulls for pairs against Usd !!take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #12,602
  • Jul 18, 2023 4:18am Jul 18, 2023 4:18am
open sell trade (small one(!)) 1962.05.., TP 1955.05.., without SL, to see where we now
dolce vita
  • #12,603
  • Jul 18, 2023 4:32am Jul 18, 2023 4:32am
Quoting babayaga
open sell trade (small one(!)) 1962.05.., TP 1955.05.., without SL, to see where we now
Good luck baba trade safe
  • #12,604
  • Jul 18, 2023 4:41am Jul 18, 2023 4:41am
Quoting 0icy
{quote} does that mean price will break new highs or change trend
Possible Bullish trend continuation by targeting above liquidity.......Trade safe
  • #12,605
  • Jul 18, 2023 4:45am Jul 18, 2023 4:45am
Quoting babayaga
open sell trade (small one(!)) 1962.05.., TP 1955.05.., without SL, to see where we now
Take care of your short, pa daily should be like this, now target 1982 to close my long.! Sl keeping below 1945.let it run!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #12,606
  • Jul 18, 2023 4:58am Jul 18, 2023 4:58am
Quoting MisterMurong
Looking for green momentum until at least NY session.
Mmmmmmm.

I prefer making correct predictions/statements vs posting tons of charts..
  • #12,607
  • Jul 18, 2023 5:08am Jul 18, 2023 5:08am
Not everyone is 'Chart handy' stop making it about charts. Everyone trades differently, each have their own style. Personally myself I'm a bias trader, I read charts but I don't draw a million lines on them lol. Trade the way you are comfortable in, what other people do is not something to be concerned with.
  • #12,608
  • Jul 18, 2023 5:09am Jul 18, 2023 5:09am
Quoting fontu
{quote} Take care of your short, pa daily should be like this, now target 1982 to close my long.! Sl keeping below 1945.let it run! {image}
Thank you for your analysis! Gold is struggling to establish above 1963-1965, so I won't buy until a 4H candle starts and stays above it, as we all anticipate that sweet retracement to 1938-1932 zone, and I won't be trapped.
"Who Dares Wins"
  • #12,609
  • Jul 18, 2023 5:10am Jul 18, 2023 5:10am
Quoting d1zzy
Not everyone is 'Chart handy' stop making it about charts. Everyone trades differently, each have their own style. Personally myself I'm a bias trader, I read charts but I don't draw a million lines on them lol. Trade the way you are comfortable in, what other people do is not something to be concerned with.
exactly! Only input or opinions are needed, as there are many ways do to things successfully, or to "skin a cat", so to speak. This should be a green room where any input could be appreciated
"Who Dares Wins"
  • #12,610
  • Jul 18, 2023 5:17am Jul 18, 2023 5:17am
Quoting fontu
{quote} Take care of your short, pa daily should be like this, now target 1982 to close my long.! Sl keeping below 1945.let it run! {image}
Would be amazing if Gold runs up 1% again lol. This happened on a day of major US data too....let's see.


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DXY under 100 should be a cause for concern for bulls.
  • #12,611
  • Jul 18, 2023 5:23am Jul 18, 2023 5:23am
Quoting d1zzy
Not everyone is 'Chart handy' stop making it about charts. Everyone trades differently, each have their own style. Personally myself I'm a bias trader, I read charts but I don't draw a million lines on them lol. Trade the way you are comfortable in, what other people do is not something to be concerned with.
Quoting Ravenfeeder
{quote} exactly! Only input or opinions are needed, as there are many ways do to things successfully, or to "skin a cat", so to speak. This should be a green room where any input could be appreciated
You guys are right, I apologize for my abrasive language. However, I absolutely detest scammers! I cannot help but will go all out to wreck scammers' plans!
  • #12,612
  • Jul 18, 2023 5:30am Jul 18, 2023 5:30am
Just thought I'd give you guys a correlation matrix of the XAUUSD and DXY. This is taken using the close prices of all 1 hour candles for 2023. The is a negative correlation of -0.72. Keep in mind that this doesn't take into account the distance of individual moves or candle size, it's purely looking at close prices over time and nothing else.

So while there is a clear negative correlation as you'd expect. If you look at the price of XAUUSD when it was 2000, when it was this price, the DXY was <101 at some time, but it was also around 103.5 at other times.
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  • #12,613
  • Jul 18, 2023 5:43am Jul 18, 2023 5:43am
Quoting MisterMurong
{quote} {quote} You guys are right, I apologize for my abrasive language. However, I absolutely detest scammers! I cannot help but will go all out to wreck scammers' plans!
Ah I understand, scammers are cunning, and I appreciate looking out for decent people. Hopefully he got the message and will try other platforms
"Who Dares Wins"
  • #12,614
  • Jul 18, 2023 5:45am Jul 18, 2023 5:45am
Quoting montygoldy
{quote} still long way to go …. I have accumulated all those losses in 3 accounts over a period of 18 months … n it required couple of weeks to recover if done correctly….. Power of Trading
With Consistency, and sticking to what works for you without deviating.. You sure will..
Okechukwu Jacob.C.
  • #12,615
  • Jul 18, 2023 5:45am Jul 18, 2023 5:45am
Quoting MrFanciful
Just thought I'd give you guys a correlation matrix of the XAUUSD and DXY. This is taken using the close prices of all 1 hour candles for 2023. The is a negative correlation of -0.72. Keep in mind that this doesn't take into account the distance of individual moves or candle size, it's purely looking at close prices over time and nothing else. So while there is a clear negative correlation as you'd expect. If you look at the price of XAUUSD when it was 2000, when it was this price, the DXY was <101 at some time, but it was also around 103.5 at other...
EURUSD makes up about a little over 50% of the DXY value, does that factor into this in some way?
  • #12,616
  • Jul 18, 2023 5:46am Jul 18, 2023 5:46am
Quoting MrFanciful
Just thought I'd give you guys a correlation matrix of the XAUUSD and DXY. This is taken using the close prices of all 1 hour candles for 2023. The is a negative correlation of -0.72. Keep in mind that this doesn't take into account the distance of individual moves or candle size, it's purely looking at close prices over time and nothing else. So while there is a clear negative correlation as you'd expect. If you look at the price of XAUUSD when it was 2000, when it was this price, the DXY was <101 at some time, but it was also around 103.5 at other...
Damn, thanks for putting thus together, it is definitely negatively correlated! The risk premia was higher then due to the SVB and other banks' crises, people flocked to Gold then. What I have learned is that if the 2Y and 10Y US treasury notes are going up, and DXY does the same then Gold suffers heavily, and vice versa, but global news can change all that in a moment.
"Who Dares Wins"
  • #12,617
  • Jul 18, 2023 6:00am Jul 18, 2023 6:00am
As d1zzy and Raven asked...This includes the EURUSD and the 10yr US Treasure price (not yield). All the data is from Dukascopy up to 30th June. It would take me some time to update my dataset up to today. I keep wanting to learn how to use Interactive Broker Python API, which should allow me to use much more real-time data I believe, but just haven't got round to it yet.

How many patterns can you see?
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  • #12,618
  • Jul 18, 2023 6:12am Jul 18, 2023 6:12am
my scalping went well.., all sell
M1 ichi
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two positions left.., previous (1962th)&new one (1964th)
dolce vita
  • #12,619
  • Jul 18, 2023 6:14am Jul 18, 2023 6:14am
Quoting babayaga
open sell trade (small one(!)) 1962.05.., TP 1955.05.., without SL, to see where we now
I already have similar trade in place ... here's hoping!
  • #12,620
  • Jul 18, 2023 6:15am Jul 18, 2023 6:15am
Quoting babayaga
my scalping went well.., all sell M1 ichi {image} two positions left.., previous (1962th)&new one (1964th)
Don't know if you are in the US, but if not I'd highly recommend IC Markets as your broker using one of their Raw Spread accounts. The spread is much smaller which is a big advantage if you're into scalping. This is my spread at the moment.
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