Angel market projections and shit

[Angel]

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I have no idea if people have any interest for this sort of thing, but I actually benefit by writing out my full thought process for what I do, and yes, all of these projections are things I am putting my money where my mouth is...

Spoiler: Due to my affiliation with certain things I am legally obligated to say this:

I am not a financial adviser, none of what you see here just be taken as advice, all the information exposed in here will be educative material and interesting personal perspectives on the market, not calls to action or do carry out any moves, trades or transactions. If you choose to use any of this information here, you do so at your own risk and I do not recommend any action.

Right now only XAUUSD (gold versus dollar) looks interesting to me for a drop, so here is what I see personally

 

[uncle kev]

can't go wrong buying gold as long as you can afford not to touch it for a while

 

[Angel]

can't go wrong buying gold as long as you can afford not to touch it for a while

There will be good buying opportunities, now ain't one of them imo.
Right now it's prime-time selloff time.

Unless you're talking about mega long-term in which case... it 100$ per ounce doesn't really make that much of a difference, unless you're of course moving millions.

 

[Angel]

So...

As we can see, the projection was correct, within less than 7 hours, XAUUSD (gold) has dropped 280points, unfortunately, it did not raise to cover maximum ground, which caused me to not actually enter this trade, since it missed entry by 2 points. It is frustrating to see this happen, but knowing that the sentiment was overall correct, a retracement before a drop (and the size of the drop) being accurate is satisfactory enough, even if no monetary gain is made.

For people who don't know what each "point" represents, it's the units price moves within the market (commonly referred to as a PIP)
280 points = 28 EUR at 0.01 (minimum) for a 6 EUR risk
280 points = 280 EUR at 0.1 for a 60EUR risk
280 points = 2800 EUR at 1.0 for a 600EUR risk


Other interesting stuff is GBPUSD because of Brexit news, both the Boris meeting in NI and the comments by EU President really favoured the Pound for a big push upwards due to the positive sentiment regarding a deal (within 24 hours, the pound moved upwards the same it has in entire months previously). Realistically, a the GBP will be a gold mine once Brexit happens, good or bad, so that's p.much what I'll mostly be looking at for next week (market closes during the weekend) and the 21th of October is when it will all go insane and really volatile after parliament meets during the weekend (saturday 19th)

USD is fuck because US elections are coming and China is unlikely to do much regarding breaking the Trade war.

If anything interesting happens, I'll be about.

 

[aperson]

understand nothing but it looks interesting

 

[Angel]

understand nothing but it looks interesting

I can try to explain stuff, if it's something more specific

 

[Deleted member 1435]

 

[Angel]

Look at the middle gold chart
now bitcoin

interesting similarities, kinda functions on panic as well, like gold, at the moment



And now, to end
taken 2016, US index (pretty much what the US Dollar is worth)
This is all the available data, the graph doesn't go farther back
Make whatever conclusion you want regarding President and their party and what it means about the Dollar versus the range of movement, if it's going up or down, or stable sideways

 

[aperson]

Look at the middle gold chart
now bitcoin

interesting similarities, kinda functions on panic as well, like gold, at the moment



And now, to end
taken 2016, US index (pretty much what the US Dollar is worth)
This is all the available data, the graph doesn't go farther back
Make whatever conclusion you want regarding President and their party and what it means about the Dollar versus the range of movement, if it's going up or down, or stable sideways

So I should buy gold when everyone is chill and sell when people aren't

 

[Angel]

So I should buy gold when everyone is chill and sell when people aren't

You need to buy right before panic starts and sell right before it ends, although unless you're using leverage (so trading as opposed to investing), you probably don't have enough money to make it remotely worth it with gold.

But ye, sorta

 

[ddæ]

does this count as a job

 

[Hunk]

Oh, a trading tread, how fucking spontaneous

I'm learning this stuff on youtube and books.
[doublepost=1574375814][/doublepost]At first, I read the title as 'Angela Merkel projections and shit'

 

[Angel]

I'm learning this stuff on youtube and books.

find a mentor
the shit you find on youtube is crap

MA cross overs and stuff is all shit

 

[Angel]

Manipulation candle with liquidity gap, EUR unstable due to coming British Elections, should see a drop before a pump and then a final drop on the 12th

 

[Hunk]

Manipulation candle with liquidity gap, EUR unstable due to coming British Elections, should see a drop before a pump and then a final drop on the 12th

Future Nebulous.Cloud Stock broker
0% commissions

 

[Angel]

Manipulation candle with liquidity gap, EUR unstable due to coming British Elections, should see a drop before a pump and then a final drop on the 12th

Just in time for LVxLoL

 

[Angel]

GBP vs Australian Dollar
Expecting the liquidity gap from the elections to be filled before continuing up, if Conservatives do the expected tax breaks to corps which attracts investment and so on

In September, Saudis got bombed and they lost 5% of their oil reserve or whatever it was, this caused the spike (big green bar to the left), then the price just resumed to where it was before that. Expecting price to fill liquidity gaps left by big institutions before dropping once again.

Things should play out as we get into London market hours tomorrow at 8am

 

[Ond]

we're all gonna make it bros