DislikedGold is almost back at 2074. We can wait for confirmations. I was'nt expecting it to come back in one day but here it is.Ignored
Its all about Timing!!!
- #23,685
- Dec 4, 2023 1:57am Dec 4, 2023 1:57am
- Joined Jul 2023 | Status: Trader | 1,484 Posts
{quote} Now what we do is wait for set up confirmation. It is better not to trade yet, but if we see a strong set up, we can enter with micro lots.
or you might start crying losing money because someone on Instagram or tiktok told you to take certain trades
- #23,686
- Dec 4, 2023 2:02am Dec 4, 2023 2:02am
- Joined Jul 2023 | Status: legendary scalper | 1,010 Posts
Trading is very lonely
- #23,687
- Edited 2:22am Dec 4, 2023 2:10am | Edited 2:22am
- Joined Jul 2023 | Status: Trader | 1,484 Posts
{quote} Me annoying? Lol so easy. Just put me on ignore list like last time. Unless u cannot accept what ever i said. Unless youre on of those correlators. U dont seem to understand the manipulation. Some brokers broke till 2143, some till 2150. Mine? 2192.51. Get it??? {image}
So for all the BS who likes to follow reports and indicators and confluences. Tell me one good reason. When gold fly high and break everything. Did your stupid DXY fell down to 100? 101? 102? 99? No it stayed. Did it even correlate???? Many months ago i said. Gold has it own heart, own life. And it is manipulated by institution n banks. So wake up and see. Stop correlating, stop following reports or fundamental news. Trust the bloody price action.
Chill fam , if you looked at Gold with weekly timeframe and monthly timeframe, you would see that Gold had no reason to fall this morning, it’s the 3rd time it’s approaching the $2075 and it came with a big green candle, it wasn’t a manipulation. Sometimes we get sentimental with our analysis and we forget to be flexible as traders . That is why we use stop loss. If you’re stopped out , re-analyzing the chart in all timeframes is key. Don’t trust indicators, trendlines and price action is key, pair correlation is not even the holy grail of justifying why gold should not pump. The moment i saw how BTC and ETH prices acted during the weekend, I already knew Gold will follow suit immediately. Cheers
ryoiki tenkai : Blue Juggernaut
{quote} brokers manipulating price is old news every trader worth his salt knows this it’s nothing new that’s why most experienced traders trade prices off gold futures prices
Gold 2000 April 2024
Calls cls Fri 132.2
Sun & Today High 179.3 to low122.3 is 57.0
Puts cls Fri 25.6
Sun & Today High 24.9 to low 19.6 is 5.3
The key number to look at is the difference between 57.0 & 5.3 which is 51.7 . Guess the calls were bought but not the puts.
Indicating market sentiment bullish. Probably be better off trying to read tea leaves in a cup
- #23,695
- Dec 4, 2023 3:27am Dec 4, 2023 3:27am
- Joined Jul 2023 | Status: Trader | 1,484 Posts
{quote} D1zzy you are quite correct in my opinion. Here are the options from IG which closely follows comex. Gold 2000 April 2024 Calls cls Fri 132.2 Sun & Today High 179.3 to low122.3 is 57.0 Puts cls Fri 25.6 Sun & Today High 24.9 to low 19.6 is 5.3 The key number to look at is the difference between 57.0 & 5.3 which is 51.7 . Guess the calls were bought but not the puts. Indicating market sentiment bullish. Probably be better off trying to read tea leaves in a cup
{quote} Its complex can’t lie about that, but there’s definitely a method to the madness that I’m still learning
There are some advantages to options. No overnight charges so can be held for a few weeks with say an option 4 months expiry. Downside is the nearer they get to expiry, as a rule, they can become worthless.
