Gold | Page 861 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Attachments: Gold
Exit Attachments

Gold

  • #17,201
  • Aug 30, 2023 4:48am Aug 30, 2023 4:48am
Quoting MrFanciful
I keep having to check if I've lost connection.
LOL
  • #17,202
  • Aug 30, 2023 4:53am Aug 30, 2023 4:53am
I would have thought that it would have gone higher by now if this was the start of an up move. I also would have thought it would have started to go down by now if it was a liquiditiy grab
  • #17,203
  • Aug 30, 2023 4:55am Aug 30, 2023 4:55am
I spoke too soon
  • #17,204
  • Aug 30, 2023 4:58am Aug 30, 2023 4:58am
Quoting MrFanciful
I spoke too soon

Wait for news to see if it taps below liquidity or not
Trading is very lonely
  • #17,205
  • Edited 5:33am Aug 30, 2023 5:18am | Edited 5:33am
Now get a new top, so protect 1936.96 and 1934.96, failure bottom test possible, care
Fakeout and too craziness at random may not work before high impact news day , so better off position, as high as possible like today before mostly tanking, apparent known failure! Lets see
1936.94 limit broken, more correction ok, not tl test as last hope , all in the last leg up above 1934.96 1st signal bear level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sketch-1693390840877.png Size: 76 KB
Click to Enlarge Name: sketch-1693391106107.png Size: 109 KB
Click to Enlarge Name: sketch-1693391485850.png Size: 109 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #17,206
  • Aug 30, 2023 5:19am Aug 30, 2023 5:19am
Quoting parveenverma
{quote} Dxy can target 103.855 or 103.920 before news today. I think Gold is going for liquidity grab above because it required more volume to blast 1935 as i mentioned in my previous post.I may be wrong. Time will tell....Let's see....Trade safe
liquidity grab from above means upward to 1937-1940 or 1942 zone and after that downward to 1922 before another leg up to 1945?
  • #17,207
  • Aug 30, 2023 5:23am Aug 30, 2023 5:23am
Quoting maleki616
{quote} liquidity grab from above means upward to 1937-1940 or 1942 zone and after that downward to 1922 before another leg up to 1945?
Yesterday's high. 39-40 max but we saw now market lacks momentum to break past yesterday's high, liquidity grab from above should be done for the moment now
  • #17,208
  • Aug 30, 2023 5:35am Aug 30, 2023 5:35am
what about the double top in H1 chart ?
No emotions
  • #17,209
  • Aug 30, 2023 5:38am Aug 30, 2023 5:38am
Quoting d1zzy
{quote} Yesterday's high. 39-40 max but we saw now market lacks momentum to break past yesterday's high, liquidity grab from above should be done for the moment now
If so, considering news spike, it could grab liquidity between 35 to 40. So its possible ADP NFP data in 1.40 hour ahead may be good unlike yesterday JOLTS. But beware there is an untested zone in 4H tf between 1938-1945 also.
  • #17,210
  • Aug 30, 2023 5:44am Aug 30, 2023 5:44am
I'm just wanting it to take out the daily low before the news
  • #17,211
  • Aug 30, 2023 5:46am Aug 30, 2023 5:46am
Quoting maleki616
{quote} If so, considering news spike, it could grab liquidity between 35 to 40. So its possible ADP NFP data in 1.40 hour ahead may be good unlike yesterday JOLTS. But beware there is an untested zone in 4H tf between 1938-1945 also.
P much my thoughts exactly

Looking at ADP NFP 324k previous, 195k expected. It's looking like its set to fail, like they want red numbers would be a huge move if data comes out over 324k.

Same with Prelim GDP, quite a jump.

Nothing to do but just wait and see
  • #17,212
  • Aug 30, 2023 5:53am Aug 30, 2023 5:53am
Looks like I'm wrong again
  • #17,213
  • Aug 30, 2023 6:01am Aug 30, 2023 6:01am
Quoting parveenverma
{quote} Dxy can target 103.855 or 103.920 before news today. I think Gold is going for liquidity grab above because it required more volume to blast 1935 as i mentioned in my previous post.I may be wrong. Time will tell....Let's see....Trade safe
Waiting
Its all about Timing!!!
  • #17,214
  • Aug 30, 2023 6:01am Aug 30, 2023 6:01am
I don't know what's been more frustrating: yesterdays 2 hour, straight line down move, or today.
  • #17,215
  • Aug 30, 2023 6:13am Aug 30, 2023 6:13am
Thinking of quitting trading. When I first started, I was doing it to make some money and not have to spend my whole day looking at a screen. Instead, I now lose money while just sitting here and staring at the charts. At least when I'm at my computer and I'm not trading, I can actually concentrate on something else.

Instead of giving me freedom, I feel more enslaved than ever.

Also, when the CBDCs are introduced, trading will no longer be a thing, especially for us peasants so it'll be all for nothing anyway.
  • #17,216
  • Aug 30, 2023 6:14am Aug 30, 2023 6:14am
Quoting Murugesh29
{quote} Waiting
Longgggggg waitinggggggg.......It seems they will wait for the news after that move will be finalized.Trade safe
  • #17,217
  • Aug 30, 2023 6:16am Aug 30, 2023 6:16am
Tbh, I've had the same thoughts on my mind the last few weeks. GF's been a bit fussy about it too, been spending more time staring at charts getting behind on my other endeavors. Been a swing trader but last few weeks have felt like I might have been getting my sides wrong, might take a week or two off after I get off these shorts I'm holding atm.
  • #17,218
  • Aug 30, 2023 6:18am Aug 30, 2023 6:18am
Today's plan
1.Up 1945-48 to the daily pivot at 1930 and more.....
2.daily pivot 1930 to 1945-48 nd back to 36 area...(dance show up in 1 HR)

Trade safe
Its all about Timing!!!
  • #17,219
  • Aug 30, 2023 6:25am Aug 30, 2023 6:25am
Quoting d1zzy
Tbh, I've had the same thoughts on my mind the last few weeks. GF's been a bit fussy about it too, been spending more time staring at charts getting behind on my other endeavors. Been a swing trader but last few weeks have felt like I might have been getting my sides wrong, might take a week or two off after I get off these shorts I'm holding atm.
I've put strain on my relationship with it too.

I feel guilty when playing a video game because I feel like I'm wasting my time, but here I am watching different coloured rectangles go up and down on the screen, and paying for it.

I'm suppsed to be working on a Django application for a business my GF and I are starting, while also studying for my IT certs, and trying to persue and interest in machine learning. But I can't concentrate on anything when I have a trade open.
  • #17,220
  • Aug 30, 2023 6:33am Aug 30, 2023 6:33am
Quoting MrFanciful
{quote} I've put strain on my relationship with it too. I feel guilty when playing a video game because I feel like I'm wasting my time, but here I am watching different coloured rectangles go up and down on the screen, and paying for it. I'm suppsed to be working on a Django application for a business my GF and I are starting, while also studying for my IT certs, and trying to persue and interest in machine learning. But I can't concentrate on anything when I have a trade open.
I’m no profesional trader or anything but based on what ur saying and what I’ve seen others say have u considered opening up your tf a bit and going for more swings that intraday’s bc genuinely u should be able to have confidence in a position set it and your tp and sl and just leave it and do something else I work a 9-5 and go to school so that’s generally what I have to do I have to plan out my moves place limits with the tp and sl alr in and I just check periodically throughout the day but also I love staring at the charts and reading news and every part of trading day to say so I like intraday but u sound like me when I started and thought I would begin by scalping u need to find a strategy that more fits your workflow and ur personality type also w the mentality u have trading isn’t gonna be a place to make money those other things u were talking about might make good money and u can use trading to invest portions of it better than what u may get out of an index but unless u had a change of heart and somehow found the want to trade seriously I think swing trading as an investment may be more beneficial to u sorry for the book and as I said I’m no professional or even make a living off of this I’m still on my journey to becoming a profitable trader to but this seems to be a “failure” (not to say u are a failure or it’s a bad thing may just be something that’s overdue bc ur trading in a way that’s non conducive to a good mindstate for u) in ur trading psychology
151 traders viewing now