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  • #13,081
  • Jul 21, 2023 2:36am Jul 21, 2023 2:36am
Well...DXY is on the rise. That thing that people couldn't get rid of faster if it had been a dead body. Now they want it all back. "Sorry for all those things we said about you last week Yellen. Yes, we would like to lend you more money because I'm really sure we will get it back, after all we know what a healthy state your tax payers are in."
  • #13,082
  • Jul 21, 2023 2:44am Jul 21, 2023 2:44am
Quoting MrFanciful
Well...DXY is on the rise. That thing that people couldn't get rid of faster if it had been a dead body. Now they want it all back. "Sorry for all those things we said about you last week Yellen. Yes, we would like to lend you more money because I'm really sure we will get it back, after all we know what a healthy state your tax payers are in."
Dxy is just retesting the 101.50 area which it broke. I am expecting a reversal from there. lets see what happens.
  • #13,083
  • Jul 21, 2023 2:46am Jul 21, 2023 2:46am
Quoting Goldengem
{quote} Nice! did you close your positions on the high yesterday? I've got a lot to learn and feel what you mentioned earlier regarding some bearish momentums is true unless some bad data comes out... especially since the DXY will rise with the rate increase announcements if I'm correct ...
Those are my old positions, when price made 73 high i closed it manually and holding short since then

Yes, DXY will rise when rate increase is announced that will propel it for the short term at the very least
  • #13,084
  • Jul 21, 2023 2:46am Jul 21, 2023 2:46am
Quoting babayaga
{quote} sorry but only you to decide how much loss you can afford welcome to the club
I understand but even if having a 7/3 win-loss ratio from taking ten trades in anytime, I find myself breaking even and feeling like I wasted my time. I need to find a solution because it seems there might be a problem with having a higher stop loss compared to the profit. Do you trade with higher SL then you TP?
  • #13,085
  • Jul 21, 2023 2:50am Jul 21, 2023 2:50am
Quoting jacobokey12
Time to short Gold a little, at least to $1966 {image}
Okechukwu Jacob.C.
  • #13,086
  • Jul 21, 2023 2:51am Jul 21, 2023 2:51am
My sentiment - price took out yesterday's low. We retrace now (london manipulation) and resume downwards in a few hours and end the day in 50's. My opinion, trade safe.

Quoting MrFanciful
Well...DXY is on the rise. That thing that people couldn't get rid of faster if it had been a dead body. Now they want it all back. "Sorry for all those things we said about you last week Yellen. Yes, we would like to lend you more money because I'm really sure we will get it back, after all we know what a healthy state your tax payers are in."
NFP reaction was knee jerk at its finest.
  • #13,087
  • Jul 21, 2023 2:51am Jul 21, 2023 2:51am
Market behavior freaking me out.. sold at 1968, two positions, one short term tp 1961 and long term tp 1947
  • #13,088
  • Jul 21, 2023 2:54am Jul 21, 2023 2:54am
Quoting David-Roddel
Market behavior freaking me out.. sold at 1968, two positions, one short term tp 1961 and long term tp 1947
I like that idea
  • #13,089
  • Jul 21, 2023 2:54am Jul 21, 2023 2:54am
Gold bears again, any idea if it breaks the 1964.9 support level? If it does, where will it go further down? Please give suggestions. I took some bad trades and I am holding them, so I want to break even
  • #13,090
  • Jul 21, 2023 2:57am Jul 21, 2023 2:57am
why is gold going down all of a sudden i wonder
  • #13,091
  • Jul 21, 2023 2:57am Jul 21, 2023 2:57am
And there is room to fall, i dont think about opening long positions for now...

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  • #13,092
  • Jul 21, 2023 3:01am Jul 21, 2023 3:01am
Only $10 off wiping out it's entire weekly gain.
  • #13,093
  • Jul 21, 2023 3:08am Jul 21, 2023 3:08am
Yen is falling across the board on headlines saying BOJ is unlikely to change its policy
  • #13,094
  • Edited 3:31am Jul 21, 2023 3:08am | Edited 3:31am
So there is a top failure, 63.75 at risk, already broken, so pa demand further down in the still top range over next support 1945.71.
Now may support around 1950 by one or 2 legs down , and if next failure then as per daily tf arounds 1937
Daily close try best 60.36, while low can be 57!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #13,095
  • Jul 21, 2023 3:18am Jul 21, 2023 3:18am
https://www.tradingview.com/news/reu...ve-boj-target/

It amazes me how people who trade USD pairs DON'T track the USD AT ALL, and then freak out when market moves.
  • #13,096
  • Jul 21, 2023 3:24am Jul 21, 2023 3:24am
Quoting David-Roddel
Market behavior freaking me out.. sold at 1968, two positions, one short term tp 1961 and long term tp 1947
manually close at 1962 ... lets wait for long term trade or breakeeven
  • #13,097
  • Jul 21, 2023 3:28am Jul 21, 2023 3:28am
Quoting d1zzy
https://www.tradingview.com/news/reu...ve-boj-target/ It amazes me how people who trade USD pairs DON'T track the USD AT ALL, and then freak out when market moves.
is it you zebi?
  • #13,098
  • Jul 21, 2023 3:29am Jul 21, 2023 3:29am
Back to the 61.8% fib right on the previous structural support. DXY just peaked above 101 and appears to be possibly retracing back down. If, and I emphasis IF, this is the bottom of the retracement, a measured move takes us to 2003.
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  • #13,099
  • Jul 21, 2023 3:37am Jul 21, 2023 3:37am
Gold Bears Alert.....1963 can become a price reversal zone.It has hold bulls for three days....Now it can provide support to Bears.Trade safe
  • #13,100
  • Jul 21, 2023 3:38am Jul 21, 2023 3:38am
1962 is holding. I am taking a buy scalp with SL at the recent low made.
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