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  • #77,681
  • May 27, 2025 5:21pm May 27, 2025 5:21pm
LONG day ahead of FOMC
Telegram orderflowbuddy
  • #77,682
  • May 27, 2025 5:22pm May 27, 2025 5:22pm
Quoting DragM
{quote} And how do you guy by believing it will go up so high?
Forex is not a place for belief—only for execution according to a system. Belief is for something else. The system contains rules based on observation and research. 256 pips is not that high; it’s just 1/3 of the 21-day ADR/ATR, and 1/3 of yesterday’s range of 768, since the trade was opened yesterday (before 6.00 morning local). In comparison, a 256-pip move in GOLD/USD is similar to a 57-pip move in GBP/NZD at the moment. A system in Forex is a process of trial and error, with data in the form of statistics. Sometimes it works, sometimes it doesn’t.

Sometimes, a trader doesn’t use a system—just a set of lessons they've learned about Forex, and they execute trades based on short-term opportunities.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #77,683
  • May 27, 2025 5:27pm May 27, 2025 5:27pm
Quoting RoelsMajor
{quote} Forex is not a place for belief—only for execution according to a system. Belief is for something else. The system contains rules based on observation and research. 256 pips is not that high; it’s just 1/3 of the 21-day ADR/ATR, and 1/3 of yesterday’s range of 768, since the trade was opened yesterday. In comparison, a 256-pip move in GOLD/USD is similar to a 57-pip move in GBP/NZD at the moment. A system in Forex is a process of trial and error, with data in the form of statistics. Sometimes it works, sometimes it doesn’t. Sometimes, a...
Yeah, Im only a new trader so I don't really know.. but which research like what the Ukraine war?
What's Trading?
  • #77,684
  • May 27, 2025 5:32pm May 27, 2025 5:32pm
Quoting DragM
{quote} Yeah, Im only a new trader so I don't really know.. but which research like what the Ukraine war?
This research is minor, unlike a large-scale war. And every new day, I become a newbie trader again, knowing very little about what will happen.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #77,685
  • May 27, 2025 6:38pm May 27, 2025 6:38pm
Quoting arulisme
LONG day ahead of FOMC
FOMC? ...careful what news is considered "high impact" ... these are minutes only of a meeting that has already happened. Why is this high impact?
  • #77,686
  • May 27, 2025 6:39pm May 27, 2025 6:39pm
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https://x.com/moneyprinte
  • #77,687
  • Edited 8:45pm May 27, 2025 8:16pm | Edited 8:45pm
Quoting RoelsMajor
{quote} I am in but Long. Here We Go. Fire ▄︻デ══━一 Range 3 Long R 0.5%, 256 pips. TP 1R. Good Luck! {image}
Hit BE+. Big Raising Sell above EMA. Will look for Buy or Sell later after London Open.
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #77,688
  • May 27, 2025 8:18pm May 27, 2025 8:18pm
Quoting RoelsMajor
{quote} Forex is not a place for belief—only for execution according to a system. Belief is for something else. The system contains rules based on observation and research. 256 pips is not that high; it’s just 1/3 of the 21-day ADR/ATR, and 1/3 of yesterday’s range of 768, since the trade was opened yesterday (before 6.00 morning local). In comparison, a 256-pip move in GOLD/USD is similar to a 57-pip move in GBP/NZD at the moment. A system in Forex is a process of trial and error, with data in the form of statistics. Sometimes it works, sometimes...
]

unfortunately if it is a execution according to a system, the system can also be part of the belief,
No one has scientific prove of "this happens then this" (which is like you said 'if something sometimes works, sometimes doesn't')
because the rules and conclusions based on "observation and research" are just not scientific enough, and can be easily disproved.
and if some1 finds it, it will not be revealed
  • #77,689
  • May 27, 2025 8:20pm May 27, 2025 8:20pm
Sell Lmt at 3335; STP=3350; TPs= see the chart!
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  • #77,690
  • May 27, 2025 8:26pm May 27, 2025 8:26pm
Quoting Repinsxf
{quote} ] unfortunately if it is a execution according to a system, the system can also be part of the belief, No one has scientific prove of "this happens then this" (which is like you said 'if something sometimes works, sometimes doesn't') because the rules and conclusions based on "observation and research" are just not scientific enough, and can be easily disproved. and if some1 finds it, it will not be revealed
Belief does not mean truth — that needs to be distinguished. It's perfectly fine for you to believe in something. Rules based on observation and research are indeed scientific — not just 'somewhat', but truly scientific. However, scientific knowledge can still be disproven — that's what falsifiability is about. Certain types of trading, such as options, have a very strong scientific foundation and involve less randomness compared to forex. When it comes to highly random phenomena, scientific observation or data-based research is often no better than simply guessing the contents of a watermelon.

There are many people who have found a method that works for them. Some have shared it, but it's complex and we can't fully understand it. Others have kept it as a secret within institutions.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #77,691
  • May 27, 2025 9:08pm May 27, 2025 9:08pm
gold just spike ...what happened? any fundamental news?
  • #77,692
  • May 27, 2025 9:09pm May 27, 2025 9:09pm
We are seeing hesitations to go up at this support zone.

Preparing some sells,
  • #77,693
  • May 27, 2025 9:09pm May 27, 2025 9:09pm
Quoting przfx
gold just spike ...what happened? any fundamental news?
might be a liqudity grab before going down....
  • #77,694
  • May 27, 2025 9:11pm May 27, 2025 9:11pm
Quoting przfx
gold just spike ...what happened? any fundamental news?
FOMC Member Waller Speaks
  • #77,695
  • May 27, 2025 9:32pm May 27, 2025 9:32pm
Today gold will hunt seller SL
Telegram orderflowbuddy
  • #77,696
  • May 27, 2025 9:48pm May 27, 2025 9:48pm
Quoting arulisme
Today gold will hunt seller SL
Today is the day, that today will be the day.
  • #77,697
  • May 27, 2025 10:32pm May 27, 2025 10:32pm
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The vampire ball is ending... Operation: Epic Escape (Paper Eagle)
XAUUSD, CRYPTO! Return Today: 0.1%
  • #77,698
  • May 27, 2025 10:48pm May 27, 2025 10:48pm
Quoting GhosTraderGT
{quote} Waiting to see if it comes back up to 3310-3316 for re-entry. then boom! {image}
D1 fib 0.382 level (3295) forming a very strong concrete support for gold . But once broken, 0.5 level (3240/3230) is likely. Till then.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #77,699
  • May 27, 2025 10:53pm May 27, 2025 10:53pm
Quoting GhosTraderGT
{quote} D1 fib 0.382 level (3295) forming a very strong concrete support for gold . But once broken, 0.5 level (3240) is likely. Till then. {image} {image}
Agree to this, 3340 - 50 is a nice dip.

Right now, it's all selling momentum. At this current price level, buyers just choking based on what I see.
  • #77,700
  • May 27, 2025 10:55pm May 27, 2025 10:55pm
Quoting frxtrader007
{quote} might be a liqudity grab before going down....
Seeing where we are now, I guess you are right
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