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  • #7,521
  • May 4, 2023 8:53pm May 4, 2023 8:53pm
My plan for today until US news.
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  • #7,522
  • May 4, 2023 8:56pm May 4, 2023 8:56pm
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copy trading - no manual trading-------
//www.forextime.com/en/strategy/GOLDEN-EA
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  • #7,523
  • May 4, 2023 9:41pm May 4, 2023 9:41pm
Quoting jordiHK
My plan for today until US news. {image}
My plan almost similar today.Current Price to 2057-2058 area then 2031 and 2018 maximum.But only scalp entries with quick profit booking.Today I will target maximum 61.8% retracement of 4H.Trade safe
  • #7,524
  • May 4, 2023 9:43pm May 4, 2023 9:43pm
Quoting aahmad29
{quote} Hit TP and setup another buy limit @2045 TP2050
I expect this time 2057-58.Trade safe
  • #7,525
  • May 4, 2023 10:54pm May 4, 2023 10:54pm
Hello,
I am very new to FX market, but I find that I quite like looking at the gold chart.
I'm aiming for a pull back at around 2040 before going long with the trend. Any thoughts?
Apologies for the messy chart, I'm learning how to use fib retracements and EMA lines.
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  • #7,526
  • May 4, 2023 11:12pm May 4, 2023 11:12pm
Quoting parveenverma
{quote} I expect this time 2057-58.Trade safe
Closed my first buy scalp manually @2050.35.I am Searching for the next target 2057 now.Trade safe
  • #7,527
  • May 4, 2023 11:40pm May 4, 2023 11:40pm
Quoting Andy2T
Hello, I am very new to FX market, but I find that I quite like looking at the gold chart. I'm aiming for a pull back at around 2040 before going long with the trend. Any thoughts? Apologies for the messy chart, I'm learning how to use fib retracements and EMA lines. {image}
For me...this level has been chased by the prices yesterday.Price may try to approach today 2018-20 area but before that 2057-58 is possible.I may be wrong.Trade safe.You are trying to learn Fibonacci and my total trading based only and only on Fibonacci no other tools and indicators.If you are learning then I suggest you to try it at demo and while you understand it better then you can give a try on Live account.Trade safe and Good Luck for your trading journey.
  • #7,528
  • May 5, 2023 12:45am May 5, 2023 12:45am
Quoting parveenverma
{quote}For me...this level has been chased by the prices yesterday.Price may try to approach today 2018-20 area but before that 2057-58 is possible.I may be wrong.Trade safe.You are trying to learn Fibonacci and my total trading based only and only on Fibonacci no other tools and indicators.If you are learning then I suggest you to try it at demo and while you understand it better then you can give a try on Live account.Trade safe and Good Luck for your trading journey.
If 2045 will be broken down then prices will be try to chase 2031,2018 first and if hold then 2056-57 first possible.Trade safe
  • #7,529
  • May 5, 2023 1:38am May 5, 2023 1:38am
Quoting parveenverma
{quote}If 2045 will be broken down then prices will be try to chase 2031,2018 first and if hold then 2056-57 first possible.Trade safe
Thanks for your posts, you make excellent commentary with very accurate prices, your Fibonacci levels are pretty accurate on gold. Would you share your criteria for determining when a level has been broken or has held. I for one would be very interested.

Keep up the great work, trade safe...

Regards Paul.
  • #7,530
  • May 5, 2023 1:52am May 5, 2023 1:52am
Quoting pah
{quote} Thanks for your posts, you make excellent commentary with very accurate prices, your Fibonacci levels are pretty accurate on gold. Would you share your criteria for determining when a level has been broken or has held. I for one would be very interested. Keep up the great work, trade safe... Regards Paul.
Sure Dear.....Actually as I post in my previous posts my only tool to analyze the market is Fibonacci tool. If you can mark the fibonacci levels accurately they can provide a best edge to your trading. For me all Fibo levels are very very important and I not deny any of these level. While I face any fibo level I check my chart history to find that is there any Imp low or high in that range or a huge bullish or bearish move.Then I mark all those levels and where price react a huge I start my trading from that point to next level.I need also 4 H TF to confirm my trade entry decision for double confirm my trade.If we are working with fibonacci tool we have to mark all the levels from 1H to Monthly TF on our chart for better trading performance.Trade safe
  • #7,531
  • May 5, 2023 1:55am May 5, 2023 1:55am
Hi traders, how do you see the next NFP data?
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Just follow the trend.
  • #7,532
  • May 5, 2023 1:58am May 5, 2023 1:58am
Quoting parveenverma
{quote}Sure Dear.....Actually as I post in my previous posts my only tool to analyze the market is Fibonacci tool. If you can mark the fibonacci levels accurately they can provide a best edge to your trading. For me all Fibo levels are very very important and I not deny any of these level. While I face any fibo level I check my chart history to find that is there any Imp low or high in that range or a huge bullish or bearish move.Then I mark all those levels and where price react a huge I start my trading from that point to next level.I need also...
Please tell me if you can solve the problem of effect in the process of using fibonacci.
For example, if the price previously stopped at 23.6%, how can I be sure that the next 23.6% will have the same effect.
I hope to get your answer, thanks!
Just follow the trend.
  • #7,533
  • May 5, 2023 2:08am May 5, 2023 2:08am
Quoting parveenverma
{quote}Sure Dear.....Actually as I post in my previous posts my only tool to analyze the market is Fibonacci tool. If you can mark the fibonacci levels accurately they can provide a best edge to your trading. For me all Fibo levels are very very important and I not deny any of these level. While I face any fibo level I check my chart history to find that is there any Imp low or high in that range or a huge bullish or bearish move.Then I mark all those levels and where price react a huge I start my trading from that point to next level.I need also...
Thank you.

So I presume you will be looking for price action signs on the lower time frames in determining if a level is broken or held?

Regards, Paul.
  • #7,534
  • May 5, 2023 2:09am May 5, 2023 2:09am
Quoting lucaswalliam
{quote} Please tell me if you can solve the problem of effect in the process of using fibonacci. For example, if the price previously stopped at 23.6%, how can I be sure that the next 23.6% will have the same effect. I hope to get your answer, thanks!
My 15 years of trading experience, for me ,manual trading always ends in failure. ONLY FEW persons sucess with manual trading ,I think. For the past few days I Succeeded with automated trading [Expert Adviser.]. SO try to automate your strategy
  • #7,535
  • May 5, 2023 2:10am May 5, 2023 2:10am
Quoting lucaswalliam
{quote} Please tell me if you can solve the problem of effect in the process of using fibonacci. For example, if the price previously stopped at 23.6%, how can I be sure that the next 23.6% will have the same effect. I hope to get your answer, thanks!
Hi lucaswalliam! I mark my fibo levels daily basis on Hourly TF,Weekly on 4H TF, monthly on Daily TF. I do not mark the previous levels of price history. As I post Earlier while at present time we found a fibonacci level the best we have to check only the Highs,Lows or a huge bullish or bearish moves or rejection nearby the level and where prices react that can become our target because all we now that trading is based only on fibonacci levels and where prices react previously that can be any level but that will be a level definitely. So we not have to match levels with the levels but previous price action with our current level.Regards.Trade safe
  • #7,536
  • May 5, 2023 2:15am May 5, 2023 2:15am
Quoting Preethi
{quote} My 15 years of trading experience, for me ,manual trading always ends in failure. ONLY FEW sucess with manual trading ,I think. For the past few days I Succeeded with automated trading [Expert Adviser.]. SO try to automate your strategy
This it totally myth Dear...I am trading manually with 95% win percentage.Expert Advisors are also human made and while these were not available that time there also had so many successful traders there.Trade safe
  • #7,537
  • May 5, 2023 2:22am May 5, 2023 2:22am
Quoting pah
{quote} Thank you. So I presume you will be looking for price action signs on the lower time frames in determining if a level is broken or held? Regards, Paul.
You can use best strategy to this confirmation. Yes confirmation of small TF is also valid but not always.I have mostly notice that 4H TF levels works more accurately then other TF So I filter my trade entries also with these levels because I have noticed that hourly TF mostly use fake signals but 4H is 95% accurate in this matter.Regards
  • #7,538
  • May 5, 2023 2:24am May 5, 2023 2:24am
Quoting Preethi
{quote} My 15 years of trading experience, for me ,manual trading always ends in failure. ONLY FEW persons sucess with manual trading ,I think. For the past few days I Succeeded with automated trading [Expert Adviser.]. SO try to automate your strategy
From my perception, Expert Adviser is the future of traders, and I'm looking into it. But, at the core, it is still the trader and the logic of trading under the guidance of the trader.
Just follow the trend.
  • #7,539
  • May 5, 2023 2:26am May 5, 2023 2:26am
Quoting parveenverma
{quote}Hi lucaswalliam! I mark my fibo levels daily basis on Hourly TF,Weekly on 4H TF, monthly on Daily TF. I do not mark the previous levels of price history. As I post Earlier while at present time we found a fibonacci level the best we have to check only the Highs,Lows or a huge bullish or bearish moves or rejection nearby the level and where prices react that can become our target because all we now that trading is based only on fibonacci levels and where prices react previously that can be any level but that will be a level definitely. So...
Thank you for your comments.
I have used fibo before, but it's subjective nature made me give up. It's just a tool for trading analysis that anyone can use. It has advantages as well as disadvantages, it just works for your own trading.
Just follow the trend.
  • #7,540
  • May 5, 2023 2:40am May 5, 2023 2:40am
Quoting parveenverma
{quote}For me...this level has been chased by the prices yesterday.Price may try to approach today 2018-20 area but before that 2057-58 is possible.I may be wrong.Trade safe.You are trying to learn Fibonacci and my total trading based only and only on Fibonacci no other tools and indicators.If you are learning then I suggest you to try it at demo and while you understand it better then you can give a try on Live account.Trade safe and Good Luck for your trading journey.
Hello,
Thank you for your input.
I mainly use Fibs as confirmation, and I think it is superb! I am trying to learn to use around 2-3 indicators before entry in order to maximize the probability of winning since I usually find myself on the losing end and overtrade to "revenge against the market" if I just use one indicator.
I still have a long way to go and there are still many things to learn.
Trade safe and good luck to you too!
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