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  • #37,321
  • Aug 6, 2024 11:08am Aug 6, 2024 11:08am
Silver is kind of hanging on today while Gold is a little bit weaker.
  • #37,322
  • Aug 6, 2024 11:08am Aug 6, 2024 11:08am
Quoting mades
After today, I'm fully expecting market to just shut down for the next few days with very light news week ahead and chaotic non-movement. I really hope I'm wrong.
As predicted. Awful PA.
  • #37,323
  • Aug 6, 2024 11:10am Aug 6, 2024 11:10am
Quoting Silver-King
{quote} Usually. They were right about 2420$ being a Resistance though! Anyway, there are as many "Bulls" as "Bears" on this thread at the moment, so it's hard to say who the majority is.
I don't even follow ppl who know how to trade and much less people I don't know.
Only come here to share and teach.
We watch the charts from every angle so you don't have to!!
  • #37,324
  • Aug 6, 2024 11:10am Aug 6, 2024 11:10am
4h chart. Target 2320-2330 possible. Still an uptrend in the long term, but watch out for the downside. Yearly vwap is currently at ~2275 (data from fxcm). 2360 could also be resistance.
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Trade what you see, not what you hope.
  • #37,325
  • Aug 6, 2024 11:13am Aug 6, 2024 11:13am
Quoting pedro319
{quote} I don't even follow ppl who know how to trade and much less people I don't know. Only come here to share and teach.
I know you follow Ata
I only follow traders with IQ above 160
Challenge Tour All Time Return: -68.3%
  • #37,326
  • Aug 6, 2024 11:14am Aug 6, 2024 11:14am
Quoting Bflyfx
{quote} I know you follow Ata
I LOLed!!!
  • #37,327
  • Aug 6, 2024 11:15am Aug 6, 2024 11:15am
Quoting Bflyfx
{quote} I know you follow Ata
I do it only to know what not to do!
We watch the charts from every angle so you don't have to!!
  • #37,328
  • Aug 6, 2024 11:18am Aug 6, 2024 11:18am
Quoting eyefeelsix
{quote} I do nothing {image}

order filled for 380p target profit

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https://breakpullback.com
  • #37,329
  • Aug 6, 2024 11:32am Aug 6, 2024 11:32am
Quoting Silver-King
{quote} Usually. They were right about 2420$ being a Resistance though! Anyway, there are as many "Bulls" as "Bears" on this thread at the moment, so it's hard to say who the majority is.
- Does any technical formation or rule has been broken on any higher (Daily/Weekly/Monthly) TF?
- No.

Conclusion: the majority of world-wide retail traders are seeking new highs or “juicy” short support levels. Retrace or suspected retest levels will come, when the majority is seeking for new lows and support levels.

”The day when the otherwise stubborn optimist turns pessimistic is most likely the turning point of the exchange rate trend. Of course, the reverse is also true. If the inveterate pessimist turns into an optimist, you should get out of the stock market as quickly as possible.”

Andre Kostolany


The best advice I ever had:
You have to win over yourself and the majority, not the instrument. Trade the emotions and not the fundamentals. If your strategy is not profitable, then open a demo account and try to lose as much money as fast, as you can. If your account is growing, than reverse the strategy. You will be immediately better, than the majority.
f(z)=z2+c
  • #37,330
  • Aug 6, 2024 12:15pm Aug 6, 2024 12:15pm
Quoting HalikiqeoVN
{quote} Still waiting for 2376 to take profit at 70% for the second time. and continue to wait for the next sale at 2400 - 2405. Plan for the big waterfall from August 8th target 2316 and 2242. On July 17 I sent my Ichimoku pricing plan. personal opinion. {image}
Hi! Could you please share your chart? Thank you in advance.
  • #37,331
  • Aug 6, 2024 12:21pm Aug 6, 2024 12:21pm
Quoting Ras62
{quote} my freind i think you and me wrong gold fall down a lot and i am iranian i know war is not start bescuse i know goverment in my country
________ hav to Blieve in my syst , gave RedCross + me mucho Profits for abt 5 yrs straight = possible July + Aug. not soooo Good mths ]vacation Time]

Last yr did NOT trade in July + Aug + XMASS time
Don’t focus on making $$$, focus on protecting what you have.
  • #37,332
  • Aug 6, 2024 12:34pm Aug 6, 2024 12:34pm
Quoting profits7
{quote} ________ hav to Blieve in my syst , gave RedCross + me mucho Profits for abt 5 yrs straight = possible July + Aug. not soooo Good mths ]vacation Time] Last yr did NOT trade in July + Aug + XMASS time
you you think gold how much fall down
Before to move up?
  • #37,333
  • Aug 6, 2024 12:48pm Aug 6, 2024 12:48pm
Quoting Ras62
{quote}you you think gold how much fall down Before to move up?
___________ my syst. has NO chrystal Ball , just Bcarefull with ur LotSize if you hav NO DEEP_POCKETS$
Don’t focus on making $$$, focus on protecting what you have.
  • #37,334
  • Aug 6, 2024 12:50pm Aug 6, 2024 12:50pm
Quoting steffile
{quote} Hi! Could you please share your chart? Thank you in advance.
I think he's talking about the 2370-2377 volume zone and expects something like this...

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Trade what you see, not what you hope.
  • #37,335
  • Aug 6, 2024 1:05pm Aug 6, 2024 1:05pm
Quoting pedro319
{quote} I don't even follow ppl who know how to trade and much less people I don't know. Only come here to share and teach.
Exactly. We came here to exchange opinions (analysis). It is my belief that the more analysis is shared that the more to the point we would all be. We could both sometimes come to the same conclusion while using different tools and strategy. Positive thing about sharing the analysis is that you get a feedback and sometimes actually learn something new that you have been missing in your analysis and haven't paid attention to for some reason or another. We all have blind spots sometimes and miss the forest for the trees.
  • #37,336
  • Aug 6, 2024 1:32pm Aug 6, 2024 1:32pm
Quoting profits7
{quote} ___________ my syst. has NO chrystal Ball , just Bcarefull with ur LotSize if you hav NO DEEP_POCKETS$
______________ IMHO , if it FALLS then @2377 ist da MAX. - - - slimy stinkin mm havin a FieldDay 4sure
Don’t focus on making $$$, focus on protecting what you have.
  • #37,337
  • Aug 6, 2024 1:33pm Aug 6, 2024 1:33pm
We still have flow at 2500 area. Overall still bullish
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  • #37,338
  • Aug 6, 2024 1:50pm Aug 6, 2024 1:50pm
Fundamentally gold is bearish, however, with turbulence in the middle east and possibility of iran stricking isreal and vice virsa, gold could sky rocket any moment, im staying away for the moment with with considering selling spikes
  • #37,339
  • Aug 6, 2024 1:51pm Aug 6, 2024 1:51pm
Quoting hathor
{quote} - Does any technical formation or rule has been broken on any higher (Daily/Weekly/Monthly) TF? - No. Conclusion: the majority of world-wide retail traders are seeking new highs or “juicy” short support levels. Retrace or suspected retest levels will come, when the majority is seeking for new lows and support levels. ”The day when the otherwise stubborn optimist turns pessimistic is most likely the turning point of the exchange rate trend. Of course, the reverse is also true. If the inveterate pessimist turns into an optimist, you should...
I'll tell you honestly that I pay attention to the news, but they play no part whatsoever in my analysis and decision making. Analysis is purely technical and that's the way it is supposed to be. Whether majority is Long or Short has basically no effect on my analysis, because it's not relevant and also because I cannot possibly know when the majority is Long or Short. I don't possess that kind of information.

In this business the majority seems to be losing and that should be close to the truth. Bad tools, mainstream propaganda articles, fear and greed trading are just a couple of reasons why majority is losing unfortunately. The core of these problems is not having a system in which you're confident in. No confidence equals bad decisions.

All the news articles are filled with Iran and Israel and the upcoming war and the potential that the US will get involved and so on and so on. People think okay... this should be a good time to start Buying Gold... I mean the war is just around the corner no? Any minute now the news could come out and the Gold would be above 2500$ in a flash. I have to get in before it starts. Obviously, mainstream media never fails to lead the people on the wrong path and starts pushing article after article about war and significance about it with all the top economists sharing their view about it leading the people on the wrong path even more.

This kind of though-process right here has no place in trading or investing. Am I Bearish on PMs, because I think the majority is probably going to Buy Gold, so I can take advantage of the situation? Absolutely not. I couldn't care less if Warren Buffett came out and said he's Buying or Selling Gold. If you have the confidence in the system you're using than this kind of useless information has no bearing on your decision making whatsoever.

To conclude... whether majority is Long or Short is irrelevant (to you). What's going on around the world and who's doing something or saying something is irrelevant. Scenario that you think should probably play out is irrelevant.

What Technical Analysis and your system is suggesting to you is relevant.
  • #37,340
  • Aug 6, 2024 2:08pm Aug 6, 2024 2:08pm
Quoting pedro319
2394 could become short term resistance.
We watch the charts from every angle so you don't have to!!
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