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  • #24,321
  • Dec 15, 2023 7:24am Dec 15, 2023 7:24am
Quoting SkullCandy
Hello, Shorted {image}
Closed, enough , need to take off , closing off pc, enjoy the weekend Traders
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Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #24,322
  • Dec 15, 2023 7:29am Dec 15, 2023 7:29am
Quoting liqidifier
how can some one say this is fake bullish mvt..explain to me please {image}
The simple answer to your question is that "Jeremy Powell said the interest rates remain unchanged". So the Gold (XAUUSD) was supposed to move slightly upside or start consolidating. But, it did an impulsive move up. It could've been corrected if there was volume in the market.
Secret to the Price Action is Liquidity.
  • #24,323
  • Dec 15, 2023 7:32am Dec 15, 2023 7:32am
What was that spike lol
  • #24,324
  • Dec 15, 2023 7:40am Dec 15, 2023 7:40am
I knew it goes down. Hah
  • #24,325
  • Dec 15, 2023 7:40am Dec 15, 2023 7:40am
Quoting Kaabakas
What was that spike lol
Fed Williams speaking.. lol
  • #24,326
  • Dec 15, 2023 7:41am Dec 15, 2023 7:41am
Quoting Kaabakas
What was that spike lol
the spike is what supposed to happened... news said usd is down... but thing going dip.. totally manipulation...
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  • #24,327
  • Dec 15, 2023 7:42am Dec 15, 2023 7:42am
2031 tp yeah boy
Trend following
  • #24,328
  • Dec 15, 2023 7:49am Dec 15, 2023 7:49am
So close to my SL at 45 lol, would have sold again if it had hit though. Sometimes gold reminds me of my bipolar ex gf. Has it all - good, bad and the ugly lol.
  • #24,329
  • Dec 15, 2023 7:51am Dec 15, 2023 7:51am
Thats it. Enetered long aswell. Gl to me lol
  • #24,330
  • Dec 15, 2023 7:57am Dec 15, 2023 7:57am
Quoting Kaabakas
Thats it. Enetered long aswell. Gl to me lol
stepping into both boats can tear you apart.
Secret to the Price Action is Liquidity.
  • #24,331
  • Dec 15, 2023 8:00am Dec 15, 2023 8:00am
Quoting iusman23
{quote} stepping into both boats can tear you apart.
15 dollar account. Im poor, im alread teared apart lol
  • #24,332
  • Dec 15, 2023 8:06am Dec 15, 2023 8:06am
Quoting Kaabakas
{quote} 15 dollar account. Im poor, im alread teared apart lol
Firstly sir, its "I'm already torn apart"

Secondly, if you play it smart you can easily build that $15 account, I've built $7/$8 accounts to $2000-$3000k accounts. Play it smart $15 is still $15, would be easier if you had a high leverage account though.
  • #24,333
  • Dec 15, 2023 8:11am Dec 15, 2023 8:11am
Quoting iusman23
{quote} The simple answer to your question is that "Jeremy Powell said the interest rates remain unchanged". So the Gold (XAUUSD) was supposed to move slightly upside or start consolidating. But, it did an impulsive move up. It could've been corrected if there was volume in the market.
One way to look at it, my pov is his dovish comments sunk the dollar and brought up gold. We didn't have any volume the whole day, most traders stood on the sidelines waiting for the report, waiting for him to speak - when it it all came in.

You need to understand that its a risk off sentiment now, 2000 will hold a lot more stronger unless we see better economic conditions/aggressive profit taking or aggressive selling. This move up in gold is more because of dxy weakness and less because of actual gold itself, physical gold prices should set off this so we should see some correction in gold by the end of the month.
  • #24,334
  • Dec 15, 2023 8:13am Dec 15, 2023 8:13am
It's my first December as a trader. So I am not trading before mid of January. I am on my Demo account to test new things and look deeply into the past.
I am profitable within 3 months after stepping into forex. what made me profitable was control of myself (discipline). So I am taking a break, learning new strategies and reasons on forex, making notes and most importantly keeping my equity safe in a month where volume is low and institutions are not trading.
I wonder why newbies are being greedy. It's better to take a break, if there's something in you which is not allowing you to take a break. Just get a demo account.
Secret to the Price Action is Liquidity.
  • #24,335
  • Dec 15, 2023 8:18am Dec 15, 2023 8:18am
Quoting d1zzy
{quote} One way to look at it, my pov is his dovish comments sunk the dollar and brought up gold. We didn't have any volume the whole day, most traders stood on the sidelines waiting for the report, waiting for him to speak - when it it all came in. You need to understand that its a risk off sentiment now, 2000 will hold a lot more stronger unless we see better economic conditions/aggressive profit taking or aggressive selling.
Agreed! But as I saw charts in the past, December had no volume after the 15th. Price only consolidated. There were some intense aggressive moves by the gold which were corrected later.

Now all I think is that the Gold will get its prices below 2000 somewhere in January. No wonder any high-impact data may drop it. I am out of the market, not trading just analysing and trying to learn fundamentals
Relying on Technicals is good for me but I believe if I can learn fundamentals, both will make me come back harder as a trader.
Can you recommend a book where I can learn Fundamental Trading?
Secret to the Price Action is Liquidity.
  • #24,336
  • Dec 15, 2023 8:20am Dec 15, 2023 8:20am
Quoting SkullCandy
{quote} Closed, enough , need to take off , closing off pc, enjoy the weekend Traders {image}
Best Scalper in the world .
Those who dare to fail miserably can achieve greatly.” ~ John F. Kennedy.
  • #24,337
  • Dec 15, 2023 8:28am Dec 15, 2023 8:28am
Quoting iusman23
{quote} Agreed! But as I saw charts in the past, December had no volume after the 15th. Price only consolidated. There were some intense aggressive moves by the gold which were corrected later. Now all I think is that the Gold will get its prices below 2000 somewhere in January. No wonder any high-impact data may drop it. I am out of the market, not trading just analysing and trying to learn fundamentals Relying on Technicals is good for me but I believe if I can learn fundamentals, both will make me come back harder as a trader. Can you recommend...
You need to read news, follow high impact data (news before and after it comes out), read forecasts, keep up with information online to get better at fundamentals, over time you will get better. AFAIK books with only help you with trading mentality, at least the ones that I've read.
  • #24,338
  • Dec 15, 2023 8:39am Dec 15, 2023 8:39am
Quoting d1zzy
{quote} You need to read news, follow high impact data (news before and after it comes out), read forecasts, keep up with information online to get better at fundamentals, over time you will get better. AFAIK books with only help you with trading mentality, at least the ones that I've read.
I have read the following:
10 Essentials of Forex
Naked Forex
The Blueprint of Trading Psychology
Trading in the Zone.

Yet I am suffering with my psychology. I close my positions too early instead of holding them to hit my SL or TP.
Secret to the Price Action is Liquidity.
  • #24,339
  • Dec 15, 2023 9:00am Dec 15, 2023 9:00am
gold is crazy this week NGL
  • #24,340
  • Dec 15, 2023 9:16am Dec 15, 2023 9:16am
Quoting d1zzy
{quote} Firstly sir, its "I'm already torn apart" Secondly, if you play it smart you can easily build that $15 account, I've built $7/$8 accounts to $2000-$3000k accounts. Play it smart $15 is still $15, would be easier if you had a high leverage account though.
Yes, aware. Blew that account. Closed long too early and shorted on bad place. Should have waited. But greed got toll on me, need to stay away from gold and trade with diffrent pair. Sadly out of money and day is almost over. Bleh, but gl with your gains, hopefully you will make decent profits today.. my view is long
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