₦airaland Forum

Davigle:
gold buy still running

nasdaq buy hit stoploss, rentered again now

us30 buy added

all tp at 100 pips stoploss at 50 pips

Gold tp smashed

jumped out of nasdaq and US30 with small profit and loss respectively, nasdaq and US30 might continue selling due to poor consumer sentiment

UoM Consumer Sentiment coming out by 3 pm, red folder event, market consensus is expecting a poor data release, should that happen gold likely to 2430..

Davigle:
I'm on gold and nasdaq long trade with a 1:2 RR each, may the markets smile on us

gold buy still running

nasdaq buy hit stoploss, rentered again now

us30 buy added

all tp at 100 pips stoploss at 50 pips

I'm on gold and nasdaq long trade with a 1:2 RR each, may the markets smile on us

G30fx:
I trade US30 , GOLD , and NASS100 but i am still a learner

Same also

@G30fx, much respect to you sir, you've been consistent with your calls, what pairs do you trade sir, and I am also bullish on US30 and nasdaq, nasdaq has even reached my poi and I am patiently waiting for a signal before I long it .

realone12:
seeing you explain this it feels as if I'm the that wrote this because we are having the same problem.. I can boast of being right about 70% of the time, but the greed of getting more R:R bigger than my initial planned 1:3 always gets me in a big mess..

it's seriously killing me bro, I have decided to stick with 1:2 RR for now, let me get consistent with it b4 I push for more. besides even paladin RR is 1:2 trading EU and GU and he was so good with it to even top the leaderboard of mff then, I think one has to learn to be contended with less. my mantra now is low hanging fruits as ICT used to say.

Geovanni412:
At the close of each bar on daily, market will either range or trend or reverse.

With such a big target on sell on gold, it means you were expecting a reversal of gold uptrend.

Imagine a newbie shows you a daily chart only without any lower timeframe reference, How would you define a downtrend on xauusd to him and differentiate it from a range?

Answer this question for yourself then do the same for each bar on the 4h chart.

thank you so much for this bossmi

I'm bullish gold and nasdaq, US30 hasn't yet change bullish for me

i also appreciate everyone that takes the time to read what I wrote above, and if you find it too long and boring I apologize for that.

Next target for gold before the end of the trading week is 2390

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.

Ahhh baami, I feel honored that you would ask my opinion on why gold continues to fly, even what I may say, may sound like mumbojumbo and too much English 😂, but nevertheless this is why I think gold is flying from a fundamental perspective.

At first I was expecting some sort of technical correction on gold after making all time high at 2360's on the back of a very hot CPI which confirm that the inflation might be picking up due to the recent rally in oil which affected the prices of food and transportation in America and other strong economic release. But a repeat of NFP occurred with CPI as price only dipped before it continues to rally, although I had suspected that should PPI come in weaker this would definitely make gold to continue to rally, I did not trust my analysis which was why I did not make the call earlier today. There are three components which the Fed use to track inflation which is CPI, PPI and PCE. CPI came in stronger which means that inflation is on a bumpy part to the Fed's target hence like to become an issue for the Fed if it continues like this which is why the Fed are adamant on keeping rates higher for longer. PPI coming in weaker confirms that despite inflation likely to be an issue or rebounding, it's still on its downward trajectory to the Fed's target, the next key reading that would affect the market is PCE data, when PCE was released last month, it came in line with market expectations which sent gold rallying until it hit 2350 for correcting lower a bit. If PCE comes in again in line with market expectations or weaker, that will definitely harm dollar and probably send gold to 2400's.

Secondly, I believe China is one of the factors that makes gold Bullish and not Russia. China has been in a trade war with the US for a long period of time which has sort of morphed into a pseudo cold war between the two world powers. One of the bone of contention is the race on semiconductors between china and america which is a key resource in the AI space between the two world powers and secondly china are trying to reduce their dependence on the dollar for international trade or transaction hence the reason for the creation of BRICS. Also central banks around the world has been buying gold in larger quantities in order to build or foster their gold reserves which started in February, the countries involved that accounts for the largest buying spree are China, India and Turkey. The world gold council (WGC) which tracks central banks gold reserves globally stated on 13th of March , that china single handedly accounts for the largest gold accumulation by a whole 22 tonnes of Gold in the month of February which by far outpaces both India and Turkey by a very wide margin. Another reason for that is due to the poor performance of the Chinese economy which makes their stock market to underperform as this makes investors to avoid the Chinese Stock market, so the PBOC are trying to back the Chinese economy with gold.

And finally, geopolitical tensions in the middle east seems not to be abating, as Iran promised to retaliate against Israel for striking their embassy in Syria, killing some of their generals, which Israel responded that they will also retaliate should Iran strikes them, and US also confirms the Iranian threat and has been on red alert as they don't know when and how Iran intend to strike Israel. There has also been a peace talk between Hamas and Israel in Egypt within the week which both parties rejected the call for truce, this also gave rise to the tension between the two as Israel is still very much intent on invading the raffa strait of Palestine which nations around the world condemn.

I believe this are factors supporting gold which makes it resilient even in the face of strong economic data that has been supporting the dollar rally. It's possible we may continue to see both gold and dollar rally side by side if this factors don't change...

I hope you find it insightful sire....

Evening folks, thanks a lot for the encouragement and the advice today. I really am humbled and I appreciate the support. I did learn a lot from trading the account and I must confess that it did improve my trading because this time last year I wasn't as good as I am now. I had to depend on indicators b4 I make a trade but now trade solely off price. I plan on funding my cent account by the end of the month so that I can also trade live too. I've also analyzed most of my trades and I find out that they average 1:2 more often but my greed has been a big issue because it always eats me up to see a trade go 4/5 times my risk reward after I settle for just 1:2. But this is an issue that I have to deal with by all means possible. I have decided to stop pyramiding by all means, it has been my Achilles heel which did me more harm than good. I had a short trade on gold during London session, my entry was at 2338, and I had a target of 2328 but later removed it thinking that price was going to drop further and price dropped 120 pips from my entry, but when I saw price pulled back up into a FVG on the 30 mins chart I loaded another short trade, unfortunately price not only reversed but went on to hit the stoploss of the first trade, if only I hadn't changed my tp I would have bagged a 1:2 trade. I know that I am my own problem, and I am determined to not only take full responsibility but to seriously work on myself. I appreciate every one here for the value that they bring in here day by day. I really consider FTA as my forex family. Thanks again everyone.

Good morning folks, i lost my 5ers $1 account last night which boss DXYY got me in December last year. I am fully responsible for my faults and action, and I am very sad that not only did I let myself down but I also let down boss DXYY and boss infofirst. @boss DXYY, I still want to appreciate you for giving me the opportunity, it was my first prop account. I simply bleeped up because I was deeply in drawdown, and then I started pyramiding into my trades with the hope of getting out of draw down fast. simply put i wasn't disciplined in my money management. And lately I have been in a serious dilemma, getting into a trade isn't and issue for but getting out has become more of a problem for me due to greed, this has become more of a problem has lately all and I mean all my winning trades end up as losing trades and it's affecting my psych, on Tues, I had a profitable trade on US30 which went down 300 pips, I was so confident that when priced pull back I added another short position which I wanted to swing and hold up till CPI yesterday because I was sure CPI was going to come in strong when I woke up yesterday morning to check the trade not only did it reversed, it my stoploss on both trades. I am having problem setting realistic targets for trades and I think it's all becos of my greed.

@Boss gabsonfx, peteregwu, kaybee, and all other traders here, please how do you guys tackle indiscipline in your trading, pls I in all honesty need your help

Davigle:
Good morning folks, here's what I think, even if CPI does comes in hot it might not change the bullish narrative on gold because there's so much bullish strength on gold due to geopolitical tensions and central banks stockpiling/buying gold in large quantity. we are likely to see a repeat of what happened on NFP day where gold wicked downward and continues to rally. Even though currencies might sell heavily, I'm not sure if CPI would do any harm of damage to gold because of the current demand in gold, rather CPI may provide better opportunity to buy gold. cheers. this is just a theory ooo.

it seems my analysis is playing out on gold, CPI provided low risk buy on gold

GabsonFX2:
One way traffic short on gold, cpi effect. Sell limit not triggered - this is a win for me. A pull back to 20% of the bearish candle was a new short for me. Profits made...attached

Short swing yet to be confirmed on H4.

Got in at 2345 and I'm still holding it, I would like to see price drop to 2305/09,

Still waiting for a possible short entry on US30

am still waiting to short US30

and unfortunately for me, I don't think I'll be joining the US30 bears today, as I just ran out of data, see you guys tomorrow as y'all enjoy the gold bears.

us30 wereyyyyy, 400pips drop in 1mins

ouchhhhhhh, CPI very hot 🔥 dollar bulls take over

Donsheddy:
😭😭😭 Exactly where i placed buy order .. e don be... 🙆‍♂️🙆‍♂️

Yeeeee village pipu oooo

remember to wait 30 to 45 mins after news release before you trade

#trade safe

CPI 5mins out...........

samfelly:

But no bi wetin I wish for you be dat o

e sho ra ooo presido 👀

my pipu my pipu, ah say make I alert wuna on silver ooo, we don too forget am, wetin wuna eyes dey see for dis silver because I very much believe we are blasting past $30... cc:Boss Gabsonfx2

Good morning folks, here's what I think, even if CPI does comes in hot it might not change the bullish narrative on gold because there's so much bullish strength on gold due to geopolitical tensions and central banks stockpiling/buying gold in large quantity. we are likely to see a repeat of what happened on NFP day where gold wicked downward and continues to rally. Even though currencies might sell heavily, I'm not sure if CPI would do any harm of damage to gold because of the current demand in gold, rather CPI may provide better opportunity to buy gold. cheers. this is just a theory ooo.

Petah:
Bosses in the house please I need enlightenment on EU and dxy is looking bearish on H4, why am I seeing buy? It just broke last week high,. Abeg watin ona dey see? Daviged, don sheddy, samfelly peteragwu

I would refrain from buying EU because the market is expecting a high CPI release on the dollar 2moro. Besides Dxy has found support within the fvg which it's currently at as price failed to close below 104. possible targets if CPI comes higher is 104.50 and subsequently 105.xx. just my humble opinion though. cheers

GabsonFX2:
OK, enough is now enough, scalping!

I have waited for gold swing short since about 2weeks now! It is about time that swing short happened, hence, enough is now enough scalping gold by shorts. Since that 2weeks, I have scalped gold by shorts on daily basis but now I can no longer short scalp her cos she is now almost ready for the swing shorts on H4, I guess by Thursday.

For now, I can no longer scalp gold for the next 1week but I will surely trade CPI tomorrow on gold just same way I did this morning when I thought it was CPI.

One thing I want to point out is: By staying standby on an instrument and expecting a short does not mean that she will not long, in fact she can long in big way just like gold has been doing for 2weeks now; the fact is that I don't want to be in the market when she is longing and I expect her to short...I reduce stress.

Gold will swing a short, that's for sure. No single swing short since Feb 13 on D1. It would happen soon.

SIR YES SIR 🏋️

F1re:
Done trading for the day, $12 in the bag🚀.

Happy Eid to y'all☪️

My friend where do you think you are going without paying your tithe 🧐, come and pay ya tithe oooo
🏃🏿‍♂️🏃🏿‍♂️🏃🏿‍♂️

Fxwarrior:
Gold Alert

Buy 2345
Stoploss 2325

Target 2395

I had a pending but limit at 2343 and my tp was at 2363, price missed my entry by a few pips to rally and hit my tp of 200 pips, it hurts to see a missed trades, but I also don't want to act stupid. till the next trade then

Petah:
EU, usdcad

EU buy Ucad sell until CPI, CPI to come in hot due to rising oil prices, which should make the dollar rally and all xxxusd to fall, just my humble opinion though... cheers

nzechu:
Forgot about this guy, after so much consolidation, got to 423%. Very slow trade, 2 f**king months

Na for professional swing traders

Boss Dmahn, e be like say na only ya broker dey serious for FTA oooo, very ah go join dem

F1re:
FTA, association of traders, ass-lickers, course peddlers.

Am a proud member
😁😁😁