Gold is crazy...
I don wash off my hands for this week...
Let me clear my head

Another week scalping gold

Tuesday

Well i went against my strategy today and nearly paid with my head....

Couldn't wait for my setup...

Funny enough with the set up finally came....
It played out nicely without stress....

Gu 30 pips

Gold 50 pips


Staying off the market for the rest of the week

2355 cant be rulled also for gold with that h4 closing....

Remember powell is speaking today...

Oh gold is bae 😭😭

samfelly:


Chai, I am all alone in this gold Sell, now

You're not alone buddy...
If bears successfully steal today candle...
We are dumping that bitchass tomorrow

Donsheddy:
If m30 closes bearish...

Sell gold to 2363

With the m30 high as your sl

This was the reason i jumped out of the bullish trade...
I was waiting for this m30 to close to strengthen my bullish bais but i guess bears aint done yet

If m30 closes bearish...

Sell gold to 2363

With the m30 high as your sl

Davigle:


why you jumping comot sir, imma hold her to the 7th heavens

Im not too comfortable with the bulls yet....
Im still watching to see if i grab another 50 pips

Another day successfully scalping gold

samfelly:


Good. I am loving this your energy with gold. Thank God you ported to the bright side forex trading. See you at the top, soon

Honestly.. i don really miss out

samfelly:


Sold Gold, again. Na me and this bear, today

Leave gold bears...

Target last week high like this...
Im loving the ride...
Tomorrow i jejely wait for the bullish wave and lock in my profit for the week ..

Donsheddy:
Buy gold...

Ent 2350
Sl 2345
Tp 2355

RR 1:1

Sl picked

Buy gold...

Ent 2350
Sl 2345
Tp 2355

RR 1:1

Donsheddy:
Sell gu

Entry 24800
Sl 25100
Tp 24500

Rr 1:1

Tp done

Sell gu

Entry 24800
Sl 25100
Tp 24500

Rr 1:1

Another day scalping gold done

You've got no clue,
But my love for you
Will forever be true.
You might be feeling lonely,
You might not be your best self,
Well, I will be here to turn your sad moments into happy ones.
All I want is to see a smile on your frowning face,
To be part of your everyday grace.
I wish I had the ability to wash all your pains away;
That's how much I love you.
You know I will love you till my breath fails me,
And when I close my eyes, dreams of you will be.
You're one hell of a lady, so cute and adorable,
Perfect in your own ways, just lovable.
It would be easier for me to beat Anthony Joshua,
Than for me to stop loving you.
This feeling is too hard to ignore.

Fxwarrior:
From my deductions, everybody is confused as to direction of gold due to how It ended on Friday.

2500 is a psychological level. That's all. For direction, Monday will determine;

It could either go to 2400 region, turn around 2355 region or an outright sell to 2320 region.

These are 3 possibilities. The hourly candlesticks are not convincing for now unless they become bold on Monday.

You're right on this...
The weekly candle still indicates bullish presence...
While the daily candle is saying other wish... Except last week low is cleared...
Its Not too clear for bears but im bearish on gold except I see another bullish daily candle

daniel2000bc:
Hello bro i've been seeing your posts and i love your determined spirit, I encourage you to continue trading gold for various reasons i trade gold mostly and secondly gbp/jpy

Sure bro....
Im enjoying the ride with gold so far

Davigle:
there's more to this markets than what meets the eyes, imagine gold and DXY falling together, mmmm

You never see anything for this market...
I learnt to analyze each pair differently the hard way

Can bears take todays candle and kick start the bear move to 2330 next week on gold 🤔🤔

Bbb

samfelly:
Abeg, make we try launch our very own FTA prop firm, cos i don taya to dey see new new props popping up here and there.

That idea no go bad oh

samfelly:


I don take ma share of the Bull since he no gree for Bear

you no wan gree for the market true true

GabsonFX2:
Wow! Gold was brutal on the upside. I lost this trade.

I will go on standby on gold until Friday or Monday. I will be looking for only short.

My risk risk appetite was reached and I exited.

Davigle, what fundamental is making gold behave like this since Feb 13? You know? I read somewhere that Russia is doing gold to trash dollar, something like that.

This gold no wan gree for bears, today close might mean another three straight days of bullish candle And with gu looking like its on its way to 28000

E no go easy

😭😭😭😭

Imagine analyzing all this thing and not making a single pips from this my well analysed analysis 😭😭

OttHin:


Nice one there.... Can we talk on Whatsapp pls

Yeah we can...

kellybently:


Do you factor in currencies strength during your analysis

Nop

Looking at that h4 the trendline was the gap that needed to be fiiled but i quickly jumped in during the first drop at h1 thinking that was the move....

News came in push the market upward and dropped now

randomShek:
Donsheddy is right. News only brings in volatility.



Lol no. With few exceptions (nobody owns the market after all), any trade where the market goes the opposite direction to your bias was probably a less informed decision. Again, as Donsheddy said, go back to the charts and study the moves. The big spikes in both directions seldomly happen.



They are less informed, it’s that simple. A common SMC mantra is if you can’t spot the liquidity then you’re the liquidity. That’s why we get spikes to take out the early birds (also known as inducement)

Factors that cause majority to lose are mostly the trader’s fault. Common examples are forcing trade setups, not checking the HTF to get the bigger picture, overleveraging, running after price after the impulse move and not putting their SLs at invalidation areas.

I was almost a victim of the last factor today - FUD would have made me execute a 1:5 RR (image 1) that should have been a sweet 1:3 RR (image 2). I stayed out altogether though since I didn’t want to get slipped by the broker.

This brings me to reason beyond the trader’s control - slippage from the broker causing SLs to be hit by spread or orders to be executed at the wrong price.

Exactly i was also a victim to gu today...
I woke up saw the gap that needed to be filled before selling...

Now i noticed the false drop, i jumped in...
News came i. Pushed the market upward and filled the gap and now its dropping....

So who do i blame, myself or the news...

Definitely myself because at the end of the day the market did what it had to do

G30fx:
I think one should try to study the chart well because if you get acquainted with the chart i don't think you need any news to trade FX all you need is to train yourself to be comfortable with staying idle waiting for the right charts formation. My personal opinion though

Exactly...
News isnt something we should fear...

Cashhy11:
We are saying the same thing, but just in a different way. Waiting it out in my post meant, not being in a trade before news, or immediately after news. Waiting it out to me means waiting for maybe few 1hr candles closures.

And about news fuelling it to do what it wants to do is fallacy my brother. News can change direction to anywhere even though technicals is screaming the opposite. If News is fuelling market to do what it wants to do, why are majority losing then? Why are swing traders having lesser win %?

If news fuels the market to do what it wants to do based on Technical Analysis, swing traders should be winning all their trades.

How do you know the direction the market went insist the direction it intended to go and maybeyou're looking at the technicals wrongly...
Market can never be wrong....
I
Only traders can....

Look at cpi for example yesterday...
Alot of people was screaming gu buy buy buy..
Gold was also looking like it want to buy before the news...
But it was clear that the overall trend of the market was bear...
And cpi sold massively...

Looking at the market after the drop you will see why it sold but if you looked at the chart before the news you might have skipped it

Cashhy11:
News trading has mostly been more of a guess trading than actual trading. News mostly f.cks Technical Analysis up and you see stupid spike here and there. Isn't it just better to wait it out instead?

Making same mistakes like someone that started trading just few weeks ago won't do us good. It will just stall the progress instead.

I beg to disagree....
News only fuels the market to do what it wanted to do but this time it does it quickly....
After news release calmly look at the chart you will see what was missing....

Donsheddy:
Sell gold


Entry 2336
Sl 2342
Tp 2330


Rre 1:1

Sl licked... Was so close to tp

Donsheddy:
Sell gold


Entry 2336
Sl 2342
Tp 2330


Rre 1:1

Sl picked... Mess up