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  • #38,261
  • Aug 15, 2024 1:45am Aug 15, 2024 1:45am
I see chart and doji 2 days ago and I think the price will reversal...after yesterday, I think today still bullish...
I go with 2.470/2480....
  • #38,262
  • Aug 15, 2024 1:55am Aug 15, 2024 1:55am
Quoting ScalaFX
Sold 2459, add 2461, 63, 65 SL 2470, target 2405 dxy have to gaps to close, lets see
There I was... resting. When suddenly I see Scala posting he is adding some Shorts on the Gold and calling for the 2400$ on the Gold. I was happy and drinking my coffee thinking the Shorts are probably over for now and then you mention going Short. Now, I wouldn't mind otherwise, but you are rarely wrong my friend and that is a little bit unsettling to me hahaha. I don't know if I'll be able to endure another push down on the Gold and the Silver...

LoL
  • #38,263
  • Aug 15, 2024 2:00am Aug 15, 2024 2:00am
Quoting Silver-King
{quote} There I was... resting. When suddenly I see Scala posting he is adding some Shorts on the Gold and calling for the 2400$ on the Gold. I was happy and drinking my coffee thinking the Shorts are probably over for now and then you mention going Short. Now, I wouldn't mind otherwise, but you are rarely wrong my friend and that is a little bit unsettling to me hahaha. I don't know if I'll be able to endure another push down on the Gold and the Silver... LoL
I wanna join the sell party but I don't have any sell setup on my chart huhu
2 Corinthians 12:9
  • #38,264
  • Aug 15, 2024 2:04am Aug 15, 2024 2:04am
Quoting goldenwizard
{quote} I wanna join the sell party but I don't have any sell setup on my chart huhu
Well, the price has just hit the main Resistance on the H4 Chart and if any Sell will begin it should be around here. Otherwise, we're good to go for 28.5$.

If the Silver starts heading down, then the Gold should probably follow.
  • #38,265
  • Aug 15, 2024 2:04am Aug 15, 2024 2:04am
Quoting Silver-King
{quote} Happy indeed. If you ask me there'll probably be some kind of news coming out relatively soon about war or from the Fed which would propel the price above 2500$. We'll see... so far, so good.
that’s exactly my thoughts…

Wait till everyone think it’s turned & then take them to the cleaners standard procedure.
Que Sera
  • #38,266
  • Aug 15, 2024 2:05am Aug 15, 2024 2:05am
Quoting Catempire
{quote} that’s exactly my thoughts… Wait till everyone think it’s turned & then take them to the cleaners standard procedure.
Oh, yeah.
  • #38,267
  • Aug 15, 2024 2:07am Aug 15, 2024 2:07am
Quoting Catempire
{quote} that’s exactly my thoughts… Wait till everyone think it’s turned & then take them to the cleaners standard procedure.
I only follow traders with IQ above 160
Challenge Tour All Time Return: -79.9%
  • #38,268
  • Aug 15, 2024 2:15am Aug 15, 2024 2:15am
One of the more crucial H4 candles in my opinion this one is. The close will give us a very good info if the Sell is coming or not.
  • #38,269
  • Aug 15, 2024 2:26am Aug 15, 2024 2:26am
Quoting Silver-King
{quote} There I was... resting. When suddenly I see Scala posting he is adding some Shorts on the Gold and calling for the 2400$ on the Gold. I was happy and drinking my coffee thinking the Shorts are probably over for now and then you mention going Short. Now, I wouldn't mind otherwise, but you are rarely wrong my friend and that is a little bit unsettling to me hahaha. I don't know if I'll be able to endure another push down on the Gold and the Silver... LoL
still waiting for my all shorts to unlock, then we can slide
People don't plan to lose. They lose because they don't plan.
  • #38,270
  • Aug 15, 2024 2:32am Aug 15, 2024 2:32am
Quoting Silver-King
One of the more crucial H4 candles in my opinion this one is. The close will give us a very good info if the Sell is coming or not.
I expect the H4 candle will look very similar to the previous 3 candles.
What are you looking for to inform you if the next move is a sell.

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Its all just one persons opinion
  • #38,271
  • Aug 15, 2024 2:38am Aug 15, 2024 2:38am
Quoting axecap
{quote} I expect the H4 candle will look very similar to the previous 3 candles. What are you looking for to inform you if the next move is a sell. {image}
The only big candle will be the explosion one!!
We watch the charts from every angle so you don't have to!!
  • #38,272
  • Aug 15, 2024 2:59am Aug 15, 2024 2:59am
Quoting Silver-King
I think today was the perfect example of why I believe the news don't really matter at all. Of course, I pay attention to the price and what it's doing, but data as the data itself don't mean anything. It is also my belief that it's all scripted anyway. CPI at 2.9% is a complete and utter lie. It's much, much higher than that. Now, did the Gold drop to it's Support level because of the CPI report that actually came out softer rather than stronger? Obviously, not. The price is always going from the point A to the point B. The news can only affect...
Totally agree - What price is doing and we can't really project this, is moving along a multi-dimensional corridor that is affected by both time and price but we are forced to view that action on a 2 dimensional chart/screen - which distorts price action and is why we get the twisted swings, which makes it impossible for time counts to become exact or regular

That being said, we get glimpses as price and time come together and we get exact turns at precise levels - i.e. Fib levels

Markets move to both price and time of the building blocks of the universe, Fibonacci, Square, circle, cube, square root of 5 etc

It's pretty Impossible to predict these levels in advance, but when a market stops virtually EXACT or DEAD on a key level it nearly always reverses

This is a the WEEKLY of GOLD and it stopped exactly (within a few pennies) of perfection of 57.7% - This is a ratio of the cube (If you divide 1 by 1.732 over and over you get the internal ratios of the cube - 1.732 is the diagonal of the cube and sq root of 3) - 57.7% is also 30 degrees TANGENT of a circle, so that high school maths has some use

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Gold is building a geometric structure and it will go through all the mathematical building blocks to complete it, hence why we see the cube, square and fib ratios at key points

Grab a price chart of the SP500 and work out the % FALL in 2007 to 2009 - it was within 1 single point of perfection and proves the theory

If this was a one off, you could write it off as coincidence - sticking with the SP500 Index work out the % FALL of the covid plunge from Feb to March - note that number

Now get the internal ratios of the SQUARE by DIVIDING 1 by 1.4142 over and over and see if you get a ratio equal to that % fall

When you get these "out of the blue" events if price stops dead on a major geometrical ratio it's pretty clearly formed the geometrical piece of the large geometrical structure and will nearly always reverse - it has to be within 1-2 points of perfection though

That doesn't mean I trade those exact levels - I prefer to wait for the reversal and then go in bigger than normal risk size, once price confirms the reversal

So fundamentals, the news and whatever are pretty pointless in the grand scheme of things - the markets are building something geometric and they will move step by step to the build and that transpires from 1 minute to monthly which is pretty amazing - the only issue with all this is we have no idea what the markets are building, if we did, we could reverse engineer everything - Time AND Price levels
  • #38,273
  • Aug 15, 2024 3:02am Aug 15, 2024 3:02am
Quoting pedro319
{quote} The only big candle will be the explosion one!!
lets see if it is down or up : )
does not looks WR to go up , but retrace to continuacion down
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Scalping
  • #38,274
  • Aug 15, 2024 3:07am Aug 15, 2024 3:07am
Quoting guguxpto
{quote} lets see if it is down or up : ) does not looks WR to go up , but retrace to continuacion down {image}
Let me be honest with you.
No one knows where we are going for sure. I believe in 2508 for the reasons I have explained but also the idea of collapse from here would not surprise me.
We just manage our positions the best we can and go with the flow.
We watch the charts from every angle so you don't have to!!
  • #38,275
  • Aug 15, 2024 3:08am Aug 15, 2024 3:08am
Quoting pedro319
{quote} The only big candle will be the explosion one!!
Attached Image (click to enlarge)
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Its all just one persons opinion
  • #38,276
  • Aug 15, 2024 3:15am Aug 15, 2024 3:15am
Quoting axecap
{quote} {image}
what u think with that , 3 white soldiers? -?
  • #38,277
  • Aug 15, 2024 3:16am Aug 15, 2024 3:16am
1. The results of the economy will be better
2. Thursday and Friday are the days of sales so that you don't have to pay for items on the weekend.
How will the war in Israel start??? at the weekend, that's why I think the price will fall today, today
The price will fall today after the readings
  • #38,278
  • Aug 15, 2024 3:20am Aug 15, 2024 3:20am
Quoting Techknow
{quote} As you know, I got triggered at 42 when I was targeting the 38-42 area that I had mentioned in my post. Price came down to 38 and moved back up to where it is now around 52. My Trade is well in profit and profit secured now. I will try to hold for 2462, i will take half off there and let the rest ride to 250x. If the price falls from there, it's fine. I've already gotten a nice profit. {image}
I closed at 2454. Nice profit but im no longer interested in long positions, I will look for a place to get short for 2284
TechKnow
  • #38,279
  • Aug 15, 2024 3:21am Aug 15, 2024 3:21am
Quoting wiseguy0
{quote} what u think with that , 3 white soldiers? -?
Falling 3 methods
3 inside down.
We watch the charts from every angle so you don't have to!!
  • #38,280
  • Aug 15, 2024 3:24am Aug 15, 2024 3:24am
Quoting wiseguy0
{quote} what u think with that , 3 white soldiers? -?
Its a bearish continuation pattern similar to what we see on H4 at the moment as per my previous post.
Most reliable as a pull back to an established trend before continuing down, which is not what we have right now.
But never the less it just goes to the discussion about up first or down first and the psot regarding the next H4 close.
Its all just one persons opinion
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