Good bye longs.
see you after NFP
see you after NFP
3
- #41,425
- Sep 6, 2024 12:58am Sep 6, 2024 12:58am
- Joined Jul 2024 | Status: Trader | 1,278 Posts
In my opinion NFP will be a complete disappointment and the CPI will be forecasted to drop to 2.6% or 2.7%. They began slashing their inflation forecast across the countries. For example CPI in Euro Zone is expected to come out at 2.2% from 2.6%... I believe the similar will happen to the US CPI forecast expecting a decent drop. All of this numbers are rigged, but that doesn't matter anymore since central banks run every market. Central banks manipulate the markets and are intentionally pushing the price of everything that's valuable down, so they...
CPI Y/Y forecast is at 2.6%
(we know their game, don't we...)
- #41,426
- Sep 6, 2024 1:40am Sep 6, 2024 1:40am
- Joined Jun 2013 | Status: Trader | 14,535 Posts
{quote} LoL
Still Bullish outlook and we've close ABOVE the all Important 10SMA - If the rally is genuine then price WILL stay above the 10SMA, if it dicks around, then its caution caution caution
If I see one of my set-ups will buy, if not, I stay flat
Only caution is the WEEKLY TF has a pretty good bearish divergence, so there's most likely going to be a reversal of some kind in the weeks ahead and so far off the DAILY TF reversal, the rally isn't that strong, we could do with a bit me umph to it
PS - IGNORE the 2RSI reading - we don't use it at this point (ONLY to catch the cycle low! in a bull environment)
If I see one of my set-ups will buy, if not, I stay flat
Only caution is the WEEKLY TF has a pretty good bearish divergence, so there's most likely going to be a reversal of some kind in the weeks ahead and so far off the DAILY TF reversal, the rally isn't that strong, we could do with a bit me umph to it
PS - IGNORE the 2RSI reading - we don't use it at this point (ONLY to catch the cycle low! in a bull environment)
- #41,429
- Sep 6, 2024 2:12am Sep 6, 2024 2:12am
Still Bullish outlook and we've close ABOVE the all Important 10SMA - If the rally is genuine then price WILL stay above the 10SMA, if it dicks around, then its caution caution caution If I see one of my set-ups will buy, if not, I stay flat Only caution is the WEEKLY TF has a pretty good bearish divergence, so there's most likely going to be a reversal of some kind in the weeks ahead and so far off the DAILY TF reversal, the rally isn't that strong, we could do with a bit me umph to it {image} PS - IGNORE the 2RSI reading - we don't use it at this...
- #41,430
- Sep 6, 2024 2:14am Sep 6, 2024 2:14am
- Joined Oct 2023 | Status: Put your money where your mouth is | 1,303 Posts
{quote} Throw on 60 for me, why not, its already a complete shit show in here already.
.Seriously though, I closed longs around 2520. I dont want to trade the news, and it was a great week already.
On a more serious note, the forum was a total shit show lately.
I dont want to say there are rules in here because there are no rules in here but, I can say this. Every time people start personally attacking people, calling people names, and generally wasting time, it makes people leave. It makes people uncomfortable. It makes people not take you seriously.
If you TRULY have an issue with someone's trade calls, the correct way to handle it would be like this.
Person 1: "I think gold should be heading to 2540"
Person 2: "I dont agree with that, let me show you why with my own chart."
This is how adults handle learning, growing, and disagreements.
Look, I don't care how mad you get; nobody has the right to talk down to anyone here if you are profitable or not. Money is emotional; if you can't control that, you should not be in here anyway.
Profitable traders don't care if someone else posts a wrong chart because they are following their own analysis. Notice how unbothered certain people are when someone goes against them? This is a strong indicator of who is real and who is not.
Nobody gets paid for being here; people who post here do it to learn or help. Those are the only two categories. If you do not fall into one of those categories, don't post.
If you don't like someone, Ignore them. Coming in to whine and complain is child behavior. I personally never block anyone, even when some newb is trying to cuss at me the other day.... You know why? I am an adult who doesn't let children control my emotions.
If everyone keeps dicking around, this forum will die, and there will be thousands of people without future assistance; I know I am personally sick and tired of watching people try to learn and post charts just to have someone come in with 0 value and tell them they are wrong.
I'll have about two more days of this nonsense before returning to Twitter full-time. Somehow fucking, Twitter has fewer trolls than this forum. Really a disgusting trading environment. Some of you should be ashamed of yourselves and the way you carry on.
TechKnow
{quote} Oh man, y'all, those 60 lots short did NOT work out
Don't worry it won't die anytime soon, heard people saying this like 20y ago en its still running.
- #41,432
- Sep 6, 2024 2:26am Sep 6, 2024 2:26am
- Joined Oct 2023 | Status: Put your money where your mouth is | 1,303 Posts
TechKnow
{quote} Your SMAs are at places where there’s significant resistance and support, how nice, I’m going to add some on mine and see if they give me more confluence
I just use them to show the momentum of price action, the angle/steepness and when they conjoin and twist then break out of the twist etc
- #41,435
- Edited 7:40am Sep 6, 2024 2:40am | Edited 7:40am
What kind of NFP report are you guys expecting ? I'm personally expecting us to come out lower than expected following the succession of mediocre data recently. As a result a huge spike up for Gold with either a tap really high followed by a plummet and the long awaited retracement or a fresh high followed by a small correction and more upside 
- #41,437
- Edited 3:05am Sep 6, 2024 2:47am | Edited 3:05am
- Joined Jul 2024 | Status: Trader | 1,278 Posts
What kind of NFP report are you guys expecting ? I'm personally expecting us to come out lower than expected following the succession of mediocre data recently. As a result a huge spike up for Gold with either a tap really high followed by a plummet and the long awaited retracement or a fresh high followed by a small correction and more upside
NFP could be whatever in my opinion...
Having said that, I'll keep the Longs on the Silver.
Forecast of 164k after we witnessed that revision not too long ago is just ridiculous.
Also, Zebi is right... September NFP is usually on the lower side.
