Gold

Quoting addicttrader

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looking for shorts around 2497-2500 but this market movement is utterly disgusting...even London open didnt add any buying pressure to push it faster hopefully price reaches the zone and runs to 2465 before Big J decides to blow accounts {image}

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Quoting Silver-King

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{quote} Lately we only get some action a few hours after NYO. Since Powell's speech will begin two hours after NYO I expect the same to happen again today.

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Quoting pedro319

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{quote} or 2565

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Quoting ScalaFX

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{quote} close all for now, today can be very volatile day, I will buy at SSL or wait for buy if price crack 2505

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Quoting Techknow

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{quote} Whoa everybody. Whoa. Please stop for a second with this. Let me clear some things up for you guys. Bflyfx, I think you are doing just fine. Yes, there will be questions on your demo account. There is no reason for you to be upset; this will be natural. Trading demos and live are completely different. That does not mean you are not a good trader at all. Ive seen lots of people translate their demo into amazing live trading. Dont listen to other peoples opinions if they are negative. I think you are doing great regardless and you should keep...

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Quoting pedro319

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Harmonics is the very nature of price movement from the 1 min to monthly, 3 months, yearly charts I have tried to demonstrate that here, countless times. Harmonics reflect the actual behaviour of the collective market, greed and fear. Banks also lose lots of money for trading in the wrong direction as we have seen many times. I know a European large bank trader who uses harmonics to analyse and trade the market.

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Quoting Whale

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I start to realize big bull is on the way

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Quoting Techknow

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Got some real simple PA here guys and gals, important spot here, if we bounce and get back above this trendline, off to new highs, that is my bias now, ill target 2540 to be safe IF it closes above the trend line. If it closes below the trendline I will look for a retest and short to 2380. Will update as it moves along. {image}

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Quoting Techknow

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{quote} Yes, and it make it very clear I do not know how a large bank trader in the Euro sector would trade, I do know the states though because I was that guy. Also, to be clear, I said they are very aware of harmonics, meaning for analysis, etc. An individual trader may or may not use that at his disposal. I know when things switched to the algorithm in the States, it was completely dominant. As HFT algorithm trading took over, everything else was looked at way less. I never saw any institutional use of harmonics again after that point. This does...

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Quoting Techknow

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{quote} Tough to disagree with that!

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Quoting pedro319

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{quote} I agree with you 100%. I also have experience, where I use to work no one has ever mentioned the word "harmonics"

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Quoting Whale

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{quote} i sold 2495 any London session my short are get hit

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