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BiteFX replied Nov 20, 2024If that buy SL is hit , I think Bears are back to continue going down. Otherwise, buying continues.
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BiteFX replied Nov 20, 2024RSI oversold confirmed... I am looking to take Short positions and Buy positions also... Price still within the Bull HH
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BiteFX replied Nov 19, 2024Example chart... Now do your home work... Open your chart, start to check for the market structure. You will soonest realize that all indicators follow this simple structure from M1 to MN.
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BiteFX replied Nov 19, 2024In my opinion, HH HL, LL LH Market Structure starts with two candles. And I prefer to look at D1 for that structure. So, Bull is still in control 2 days straight. Today is the third, might be some retracement, but we buy again.
Gold
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BiteFX replied Nov 19, 2024Bear BOS...waiting for RSI oversold. All buy profits taken...it feels good to hold up winners for more than few hours. I am gradually getting used to riding winners. Ueah
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BiteFX replied Nov 19, 2024When they say Buy low Sell high... Note that when market does HH HL in an uptrend, a previous H will now become the new L. That is the low you are to buy given that, your confluence of system is all set.
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BiteFX replied Nov 19, 2024Considering 2683.10 price for a fare recovery of the drop in price so far...
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BiteFX replied Nov 19, 2024Still holding up winners though. And I tweaked the indicators to give me a clear view of my candles...I want to know what the market structure is saying per time.
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BiteFX replied Nov 19, 2024Go to your chart, look for major turning points on the chart. Mark that area. Now zoom in and look at how the candles formed. Study the chart pattern there. See what the market structure did there. Next, study how the move continued. Make a note of ...
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