Gold with No Drama

be patient and you Shall see.

its not buy or sell its about timing..
Most traders think Entering in a trade is very imortant.
in reality it is Opposite.
exit at right level.
that is how i was taught.
4230 was really not bad.
and if you look at weekly Chart it is still up and this move you say few hours ago.
what 50$ move.
it is normal.
tomorrow will be important to see if 4150 can hold.
remember END of the week positions adjustment.
and they pumped the price very nicely hell at one point i start to wonder whether it will hit 4280 to 4200
anyways my point is
if you look at Daily chart nothing much happened.
up and then Down.
and that candle is actually important specially before the weekend.
from Monday big boys will enter the market.
this is thin market that is why you are looking at fast moves.
that is all.
from monday if 4250 didnt cross then we will be back again at 4000

traders see news and think that is it. we read it we got it.

it is simple now Money will enter into the market.
specially stocks crypto etc.
bitcoin at 100k again
i have no idea about bitcoin i was lucky to get it cheap honestly got lucky.
that was pure luck.
but i still regret i sold at 10k
because of the hype and i or i dont think anyone ever thought 100K in few years was possible.
anyways that i call luck.

sometimes you make your own luck, and sometimes Luck makes you.

i just did a favor bought few coins from a guy in need.
and honestly after few years i started searching how the Block chain actually works.
why bitcoin was limited to 21M only others are 1B take your pick 1B
hell if every one on earth buy 1 coin the price will be 8$ per coin.
that is the reason Bitcoin is the King.
and it was the First
a concept a freedom from GOVT printed 20 cents it cost to print 100$ bill.
it is a gigantic scam the FED if you really look at it and read the history.
i am free most of the time so like Warren Buffet i read a lot.
he is the man i have most respect for.
with elon musk want to take us to the mars.
hell people doing 2 jobs just to meet the ends.

and he promises the trip to mars.
its not that i dont like him.
i just like Canadian Guy who's Ai is making actual difference in the real Medial health care world.
his creations is actually helping people.
that is what i like.
do something that will benefit the Humanity today now after 20 years.
because honestly the guys who are trading here
NO DISRESPECT TO ANYONE i can say with 99% certainty most don't have even 5K account and i have checked some linked their live account but that is disabled.
and others pride on demo account.

some i met with 10K accounts even 20K
but those came for help have hedged positions.
anyways.


in all honestly if you want you can take FTMO challenge and trade and make profit.
i know few actual people who make 37k almost from ftmo and funded their own account.
and still trading with FTMO.
the problem is the leverage the rules are strict not exactly strict like hedge fund or investment companies i have checked
but good i like it.

if you ever want to test your strategy
you don't have pay
just take a FREE trial of FTMO and see if you can manage the account for few months and manage RISK.


i said many times its all about risk management.
money is secondary, most traders think about profit first.
we never do specially me.
i first think where my stop loss will be i never put in the account its just in my head and if the price reached there i have people who call me
so i can check.
but Profit is just the move today the move was good , 12$ move i closed half the trade and other got 20$
so lets say 22$ move captured in total
not bad day.
just wen in because US shutdown ends
that means billions an trillions will be flowing
so in all honestly it was 20$ move risk to make actually 30$ i cached 32$ move but half position close to secure the profit.
that is my strategy always secure some profit just in case market reverse and you will still have profited from your trade
i don't care if it is 1$ or 1M $ profit is money.
as they say,
money Makes the World Go around.

Even for gold its acting a bit psychotic, T-bills look yields are about to drop, t-bill 10 year auction was a bit of a disaster yesterday, dollar is dropping, gold should be going up. Its either position averaging or lower is wanted, maybe a Europe - US fight, and london close we will see a winner. But I think it would have gone up by now if it was going to do it

thanks bro thanks for advice

I’ll take my notes tomorrow. I’m done for today.

I think lower and there are alot of untapped demand below. so probably a drop first. there were alot of pumps without retracement so those demands needs to be filled before gold can go higher imo 4163, 4149 areas of demand left unattended

I don't know what's wrong with gold. For two days it was skyrocketing, then the moment I opened a trade it plummeted.

The reason is fed cut is now 50/50, and it might be annoying until we get data

sense in here

for you to have opportunity to buy again. thats all, it means he gave u an entry

it was bit expected, it has to balance the the 2 big green candle and there are untapped zones mainly between 4145 to 4160, it has to be tapped before it goes higher or else there are chances gold might fall at later date to tap those zones which could be risky as we dont know when that could happen.

sold to entry to respect the bullish h2 that was inside the zone and it's now time to buy and if we close above the block then we are going to 4230 or more

Correct me if am wrong but is gold reacting to 4208 again?

yup price is still getting pushed down.. entered sells at 4204.. waiting game.. its very choppy at the moment..

yup, a close above 4210 would be an interesting an area as the next 20(0) could indicate where next

Lots in the area 4208 is roughly New York midnight, its daily open too, 4200 round number, returned to mean, histogram is a triangle

the game of manipulation, when you see it sky rocket then you want to buy, and it drop, when it keep comming higher, but you still want to sell (most of people do that)

think there are some comments from the feds that making gold undecided at the moment. its very choppy at the moment.

this is why i commented his post .. because it can be confusing for people who is new .. or trying to learn.. that is it .. just trade safe guys and .. make your own decisions

Gold
I see Gold moving weirdly because usually when DXY is dropping, Gold rises, and vice versa. Right now, Gold is falling, and DXY is too, lol.

Thats why I always prefer to sell when is high and buy when is low. keep that in mind always!!!