Gold Daytraders

[Joules MM1]

still requiring a break of downside rotations at 1325 cfd (all hours front month connie)

 

[Joules MM1]

in the above chart i had a 'sizeable' pos which i've culled to a tiny due the lack of impulsive momo
and the sluggish upside while still holding enougn structure to be framed as impulsive hasnt followed thru...yet.....this opens the (pattern) to the small probability that the wedge is not yet complete
..so breaking the wedge now would be a pretty good call to re-assert size..meanwhile sell on indexes are looking pretty good

 

[Joules MM1]

 

[Joules MM1]

like a freshly plucked chicken i didnt hold overnight, nice to see a standard ratio did hold (ha, pun!)
looking for a constructive if non-conformist break-out of the wedge boundary thingy

 

[Joules MM1]

front month all-hours cfd contract breaks boundary

 

[Joules MM1]

PM's on the pump - who's buying ?

a what-if for $silver

 

[Joules MM1]

gold x commercials

just because retail group is not chasing like it has before doesnt mean they arent chasing altogether (see crypto) .....what that probably says is that credit debt liquidity is back in full swing and it has to go somewhere, regardless the fundamental arguments about the validity of the instrument it is still just a vehicle of money applied to make money, the bigger fool theory doesn dissipate after a contraction it merely requires (cycle) time to restart and even more time to be recognised

 

[Joules MM1]

flagging/channelling ? sluggish uptrend

 

[Joules MM1]

price was rejected at the flag high, however, as you can see using a previous (first) swing south we have a clear and clean ratio that suggests
breaking the ratio low will confirm the flag low is a likely target
breaking the ratio high will confirm bids will have to chase supply and up we go

i am favouring more upside as the small lift off this rejection move has already exceeded the analogous idea (that is, we've already exceeded the price length relative to the bounce price length within that previous ratio square)

no pos held a posting, looking for larger swings
orange lines rep channel/flag

 

[Joules MM1]

no need to be too @Modest ......pepe$'s are on spesh today

roger roger

 

[Joules MM1]

30 mins later all closed, silver getting pummeled .....messy

 

[Joules MM1]

fake out .....had a poz on USD/JPY which did same thing (STO)
so clearly we're rotational in a flaggy thing but we can now consider that a
top formation is in process, too

 

[Joules MM1]

1 of 2

$silver - silver getting to the point .....how much of a leading indicator for USD/XAU ?

silver getting pummeled .....messy

 

[Joules MM1]

2 of 2

$USD ($DXY) is dropping quickly in the retail cfd longs to 62% upto recently averaging 78-82% longs

clearly the buck is playing a major role in directional swings and causing tighter zones to build
I am also playing the long side of usd/jpy based on this (107.7's scoping)

sentiment is quickly falling for xau/usd so we have a some majic moments of mayhem prob within tomorrows NFP release ......

 

[Joules MM1]

#cot #xau $gold

 

[kid hustlr]

Gold been very choppy this week J. Obviously depends on time frames you are trading however based on the above I get the impressino you like short to mid term longs in gold?

 

[Joules MM1]

Gold been very choppy this week J. Obviously depends on time frames you are trading however based on the above I get the impressino you like short to mid term longs in gold?

i'm an old school follower of the idea that a trader should contextualise all time frames to build a directional sense and play within the swings as they occur ......this morning provided some very good swings within different time frames, by that i mean, i can allow for price to go outside of my range based on the scope that the larger swing sits within a boundary tolerance ...this isnt anything new......there are times when the chop is very smooth to read, not easy to read in forsight, rather, the risk is easier to take and return per trip lower but higher number of trades.....so i'm looking for the moment when a larger "release" swing is printing...that also requires watching other liquidity (for example how the usd/jpy which i've switched to a larger sell rotation position after the NFP's as it was stuck at a strong 1:1 ratio within the high part of itse down channell, but, i'm not precious on it either)

flexibility to frames and swings within (and thru) those frames, yeah

i do a lot of screen captures so maybe tomoz i'll compile some of this mornings with a commentary
i know a lot of people find i talk in code...so maybe a few series maybe useful, frankly screen caps would be better than video mostly due to amount of time taken from trade to trade

i think intent plays a big role and to see different tiers of intent thru the print is important,
...... Trader FT71"what's the auction trying to achieve?"

 

[CanOz]

Short term bullish....at least. But like all markets lately, very US dependant for decent moves. Otherwise choppy and less likely to see longer time frame players intervening it feels.

 

[Joules MM1]

as promised

if you think of these trades from your sizing then you wont mind the sizing i use, ok, thanks!
the point of this mornings transactions is to get the bigger picture, hence, the reason i mostly post here on strong impulsive moves that i think are borne of decent construction or energy release rather than actual day trades, this mornings series are (as always) to get two things: context and relative size

being human i tend toward some diatribe too...relax, you'll get over it

pose a question with the chart(s) specific if they lack sense or reason you think they need
and remember, like all healthy diets,
its the stuff left out that is often more important than the stuff put in!!

there are many more than the 29 jpegs here but these mostly cover this mornings transactions
key inputs are usd/jpy, silver and $dx for context and liquidity ideas

context and relative size .....keep it mind.....



the game afoot is the non-farms .....but how are the payers using the release to position, is there any significance within this region, how does it affect the channel, how can i tell if size is at play ?

5 of 29 jpegs

 

[Joules MM1]

the above charts show i had downside signals to sell on then await the NFP release and see where the energy goes......it didnt go anywhere.....a set-up for the rest of the session basically......ptuh!