zonall:


Good morning traders. 🥂

...some imbalance created around the Entry. Now closed in some profits to re-enter at 0.5904, SL remains same, TP now at 0.5928. 🥂

BinaryRocks:

Finally the giveaway 10k account is received this morning.
Thank you PropFirmMatch and fundingpips.

Congrats bro...best wishes.

zonall:
Good to be back from a NL autoban...one or both limits should be triggered.

NZDUSD {M15} - BUY LIMIT
E: 0.5909
S: 0.5889
T: 0.5958

NZDUSD {M15} - SELL LIMIT
E: 0.5958
S: 0.5978
T: 0.5868

...may the blue pips continually be with us. 🥂

Good morning traders. 🥂

Good to be back from a NL autoban...one or both limits should be triggered.

NZDUSD {M15} - BUY LIMIT
E: 0.5909
S: 0.5889
T: 0.5958

NZDUSD {M15} - SELL LIMIT
E: 0.5958
S: 0.5978
T: 0.5868

...may the blue pips continually be with us. 🥂

zonall:
XAUUSD may have completed its retracement and is posturing for a dump. I have been in since yesterday, so no new positions for me. However, if you wish to enter;

XAUUSD {M15} - SELL LIMIT
E: 1908.3
S: 1911.6
T: 1892.3

Instead, I am maximising the lower margin requirements for NZDUSD with its fresh bearish setup in M15.

NZDUSD {M15} - SELL LIMIT
E: 0.6009
S: 0.6019
T: 0.5929 {1}
T: 0.5859 {2}

Good morning traders. 🥂

...these pending orders are now invalidated.

zonall:


...kindly hold till 1892 {SL- 1914}, then safely decide which of the levels between 1892 and 1885 to commence a brief rally till at least 1914. 🥂

I don chop belleful...trade closed at TP. 🥂

samfelly:
Just 7 dolls to sweep up phase 1, na now the emotions and tension come dey more heightened. Why e dey bi like dat with all traders across d market?

Congrats in advance Chief...I know say you go make us proud...

Geovanni412:


Chief, this your stop loss on Xau ...

Looks too tight

daily high on Xau is 1911.5

Your trade is suggesting market will breakout without retesting the daily high even though we are at the 5 month low

Think about these things and make ya decision

For me, I think any short from Xau is safer coming in around 1891 after market has broken down to 1876.

I.e Market falls to 1876 then retests 1891 area

If I was trading Xau and looking for a big move of 600 pips, I really wouldn't take any trade unless it gets to 1916 (possible bullish) or 1876 area.

I think it's position will become clearer from Thursday or Friday.

At the bolded, exactly my point.
I agree the SL may be tight, reviewing that to 1914 just in case; but from my end, very unlikely, though I may be wrong...thanks for the heads-up Chief. 🥂

Geovanni412:


Use as much free info as you can to know the basics...(LibGen, pimpmytrade .net, google)

Read
Trading in the zone by Mark Douglas
Currency trading for dummies by Brian Dolan
Smart money forex trading methods by Phil Gangluff
Three lines forecasting forex price action by R.Rana

Consult
Babypips.com to understand simple fx terms concerned with risk mgmt and order typez
Forex calculator to understand how much you are risking per trade
Fx price alerts app to save you time

Read the first book from start to finish
Peruse through the second book
Read the third and fourth books, pick out key concepts and start demo trading

After reading through all these books and doing demo trading for at least one week, you can come back and ask for the next thing to do

These books and baby pips will give you a fundamental understanding of how not to blow your acct.

...spot-on Chief. 🥂

XAUUSD may have completed its retracement and is posturing for a dump. I have been in since yesterday, so no new positions for me. However, if you wish to enter;

XAUUSD {M15} - SELL LIMIT
E: 1908.3
S: 1911.6
T: 1892.3

Instead, I am maximising the lower margin requirements for NZDUSD with its fresh bearish setup in M15.

NZDUSD {M15} - SELL LIMIT
E: 0.6009
S: 0.6019
T: 0.5929 {1}
T: 0.5859 {2}

Good morning traders. 🥂

karkinase:

I’m on Gold short already that point is the daily FVG and bearish orderblock on H4

...kindly hold till 1892 {SL- 1914}, then safely decide which of the levels between 1892 and 1885 to commence a brief rally till at least 1914. 🥂

karkinase:

that’s risky mehn…what if a spike had occurred

I understand your concerns Chief, 1897 was the breakline and that is why I manually took profit there; except the retest candles were unlinked, it had never spiked before the breakline in the backtest that I did.

I guess I will retool my TP to be the breakline to avoid stories that touch. 🥂

zonall:
XAUUSD {M1} - SELL
E: 1903.5
S: 1905.5
T: 1892.5

RR - 1: 6.5... 🥂

...closed at 1897, just in case the trend reverses before TP is reached.

...but it should reach TP, all things being equal. 🥂

karkinase:

Why do you intend to sell from a low

...that is the edge I talked about bro... M1 TF NY Session...🥂

XAUUSD {M1} - SELL
E: 1903.5
S: 1905.5
T: 1892.5

RR - 1: 6.5... 🥂

zonall:
Could XAUUSD be setting up for a dump to 1878.5, with SL at 1915.5 from the current price of 1912.5?...

@Geovanni412 @karkinase @Bimmarlykay

...just closed in sweet profits, let it continue down if it wishes...discovered my edge on this trade.

Good morning traders...🥂

karkinase:

@ this point I’m confused on what Gold wants to do next.. it’s a dangerous zone

...🥂

Geovanni412:


Market likely retests 1915.5 and even 1922

Those are the areas to consider shorting from

If market closes with a pinbar at 1906 level today, it could retest 1925 or up to 1932

Weekly high is 1946 and close is 1942

My two cents:
If your bias is bearish on Xau and you want to get a bearish move of up to 600 pips or more on Xau, allow it to get to 1882, then wait for market to print a pinbar on daily.

Two things can happen off there, a retest to 1902/1922 or a breakout to 1810

The first option is more likely but wait till that happens if you want a big move rather than day trading Xau every single day

...🥂

Could XAUUSD be setting up for a dump to 1878.5, with SL at 1915.5 from the current price of 1912.5?...

@Geovanni412 @karkinase @Bimmarlykay

zonall:
My first perspective for the incoming week.

XAUUSD {M15} - BUY LIMIT
E: 1907.5
S: 1904.5
T: 1931.5

RR - 1:8

Do have a pipful week. 🥂

SL hit.

samfelly:




I said I'll do my best not to be far behind this August. Well, in summary, these are my before and after (1st 2 pictures). My TFT (with 100% win rate at d moment) should give me 20% account reward. And Fundednext should hand me my $200 cash. I go abandon MFFx, as it stands, shikena 😁

E no easy to toggle between 3 accounts to take trades.

...Sam the fella, well done bro...🥂

My first perspective for the incoming week.

XAUUSD {M15} - BUY LIMIT
E: 1907.5
S: 1904.5
T: 1931.5

RR - 1:8

Do have a pipful week. 🥂

zonall:


Greetings Chief...nice levels to watch out for scalpers or intra-day traders.

I will be specifically looking at 1924.8 for XAUUSD, noticed a hidden swap zone in M30, as such I am still inclined to the bears. I anticipate a retracement to that level.

If respected, I will join the further dip to 1908, then 1800, if not, the bulls have it till 1940,1946 or even 1954.

Cheers. 🥂

A closer re-analysis is delineating 1926 as the optimal swap zone for the dip.

...watchfully waiting. 🥂

Geovanni412:


That 1924-1932 area is key

I think the most likely situation is a prolonged range around that 1934 - 1914 area for some days till market decides to breakout in either direction

But let's see how it plays out.

I concur bro...🥂

klinksd:


Hmmm...the intraday trend looks bullish to me.

...well, I may be wrong bro. I have not entered any trade yet, just watchfully waiting for the reaction around 1924.8...that's all. 🥂

Geovanni412:
Eurusd analysis for today:

Looks bullish but everything depends on reaction 1.10170 area

If it beats it, we're headed to 1.10800

Things will be clearer as we head closer to 1:30 pm which is release time for PPI

Xauusd analysis for today:

Looks bullish but everything depends on reaction at 1922 area

If it beats it, we're headed to 1932 area

Greetings Chief...nice levels to watch out for scalpers or intra-day traders.

I will be specifically looking at 1924.8 for XAUUSD, noticed a hidden swap zone in M30, as such I am still inclined to the bears. I anticipate a retracement to that level.

If respected, I will join the further dip to 1908, then 1800, if not, the bulls have it till 1940,1946 or even 1954.

Cheers. 🥂

zonall:

... there may be some retracement to the imbalance around 1926.4 thereabout before the bounce.

Good morning Chief. 🥂

zonall:

1910 or 1954 are now the levels for any entry decision.

zonall:
A candle close in M5 across 1922 before a candle close across 1912 is highly probable for a bullish rally.

...I don't think it is uhuru yet for the bearish swingers...but I may be wrong and I hope that I am; a learning opportunity. 🥂

If the reverse occurs, then I will join the bearish parte after parte...🎼...🕺🏼...🕺🏼...🎼

...short bullish rally as expected, but with the resistance at 1926 - 1930 maintained.

As such, 1954 was invalidated and the dip to 1910 from its origin of 1972 on H4 was inevitable...reaction around 1910 anticipated to determine next tradable trend.

Good morning traders. 🥂

A candle close in M5 across 1922 before a candle close across 1912 is highly probable for a bullish rally.

...I don't think it is uhuru yet for the bearish swingers...but I may be wrong and I hope that I am; a learning opportunity. 🥂

If the reverse occurs, then I will join the bearish parte after parte...🎼...🕺🏼...🕺🏼...🎼

zonall:


...it should be a short dip, just to fill imbalances. Except the structure in M5 changes, the bullish rally from 1924-1926 to 1954 is still valid. Afterwards, the H4 dip can begin to even 1774.

Good morning bro.

zonall:


1919 is before 1910, so yes, that is a possibility. 🥂

1910 or 1954 are now the levels for any entry decision.

...all those early morning sellers @donsheddy @karkinase @dmahn et al, una never chop enough...

...abeg make una begin reverse nah, make we chop small.

...🥂

realone12:
finally lost my 25k account this morning too.. it was a very rough ride.but I'm glad because alot of lesson has been learnt...we move

...you will do better, you have all that it takes...keep walking bro.