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  • #34,541
  • Jun 13, 2024 2:49pm Jun 13, 2024 2:49pm
Quoting giveachance
{quote} gold has not even started the correction and I wonder what will be the trigger for heavy selling but markets will surely find one. one thing is for sure there are sellers on every rise in gold and that was clear yesterday.
how was it clear?
  • #34,542
  • Jun 13, 2024 4:40pm Jun 13, 2024 4:40pm
Quoting Bakker
Daily starts to show its true colors{image}
I was wondering if anyone was watching the HTF price action after that huge Friday, NFP candle drop.

The US Dollar strength continues even after FOMC, giving bear bias for Gold.

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MAY THE TREND BE WITH YOU
  • #34,543
  • Jun 13, 2024 6:48pm Jun 13, 2024 6:48pm
Let the scalp begin
  • #34,544
  • Jun 13, 2024 10:43pm Jun 13, 2024 10:43pm
gold - 5min
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  • #34,545
  • Jun 13, 2024 11:20pm Jun 13, 2024 11:20pm
Quoting Erebus
{quote} I was wondering if anyone was watching the HTF price action after that huge Friday, NFP candle drop. The US Dollar strength continues even after FOMC, giving bear bias for Gold. {image}
Yes, I saw it.
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  • #34,546
  • Jun 13, 2024 11:42pm Jun 13, 2024 11:42pm
is the friday special on the table today?
  • #34,547
  • Jun 13, 2024 11:56pm Jun 13, 2024 11:56pm
hello guys hope all of you are fine and doing well
well now everyone knows the gold is bearish even a new trader also knows that's why gold is oversold from the area 2300 to 2296
now will wait to see.
i prefer not to enter in the market before a strong bullish or bearish candle because it is sometimes dangerous to scalp in Gold.
thanks........
  • #34,548
  • Jun 14, 2024 12:52am Jun 14, 2024 12:52am
Quoting Bakker
{quote} Yes, I saw it. {image}
I have to say that your pictures are quite confusing, I can not find consistency there...
At which candle you start your counting? Do you consider candle 0 as doji?
And why exactly counting to 6 is important?
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  • #34,549
  • Jun 14, 2024 1:06am Jun 14, 2024 1:06am
Quoting zuko
{quote} I have to say that your pictures are quite confusing, I can not find consistency there... At which candle you start your counting? Do you consider candle 0 as doji? And why exactly counting to 6 is important? {image}
I said before, you start the count when color change, but the levels go with it, levels are drawn where bodies match, wicks are ignored. Also very important is to watch where market will enter "new ground" meaning no bodies to the left only wicks (which are ignored). See the line graph for more clarity. In a lot of cases you start the count with candle before change in order to get to the 6 in the end. The level (break line) determines the count.
Dojis is good to watch when its part to the count. The perfect picture will show more, but then I need to reveal my whole strategy which I won't do.
  • #34,550
  • Jun 14, 2024 1:25am Jun 14, 2024 1:25am
Quoting zuko
{quote} I have to say that your pictures are quite confusing, I can not find consistency there... At which candle you start your counting? Do you consider candle 0 as doji? And why exactly counting to 6 is important? {image}
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  • #34,551
  • Jun 14, 2024 1:35am Jun 14, 2024 1:35am
Quoting Bakker
{quote} The perfect picture will show more, but then I need to reveal my whole strategy which I won't do.
Genuine question, why not reveal your whole strategy, whats the downside for you?
The more people that use it the greater the weight added to your trade
Its all just one persons opinion
  • #34,552
  • Jun 14, 2024 1:43am Jun 14, 2024 1:43am
Quoting axecap
{quote} Genuine question, why not reveal your whole strategy, whats the downside for you? The more people that use it the greater the weight added to your trade
If the fund managers got there hands on this, FX will never be the same again. It's the perfect system and worth millions especially for long term trades. I posted a weekly chart yesterday, go and check and see how much money there was in gold alone.
  • #34,553
  • Jun 14, 2024 1:52am Jun 14, 2024 1:52am
Quoting axecap
{quote} Genuine question, why not reveal your whole strategy, whats the downside for you? The more people that use it the greater the weight added to your trade
It baffles me why people can't understand the 6 candle idea.
  • #34,554
  • Jun 14, 2024 2:07am Jun 14, 2024 2:07am
First entry of the day
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  • #34,555
  • Jun 14, 2024 2:12am Jun 14, 2024 2:12am
Quoting Bakker
{quote} If the fund managers got there hands on this, FX will never be the same again. It's the perfect system and worth millions especially for long term trades. I posted a weekly chart yesterday, go and check and see how much money there was in gold alone.
Mate, if it was that good I dont understand why you would be here. There surely isnt a strategy that would break Forex...
if its a strategy that doesnt require human input then the bots would be doing it. clearly it requires human subjectivity, as successful stragtegies do, so even disclosing it wont mean everyone can do it......as you have pointed out counting to 6 can be challenging.
Of course its your perogitive but it hard to engage with your charts when we dont see everything you are looking at.
Its all just one persons opinion
  • #34,556
  • Jun 14, 2024 2:18am Jun 14, 2024 2:18am
[quote=axecap;14901231]{quote} Kumpel, wenn es so gut wäre, verstehe ich nicht, warum du hier bist. ...
Santa Claus is responsible for presents.
  • #34,557
  • Jun 14, 2024 2:18am Jun 14, 2024 2:18am
Quoting Bakker
If gold breaks 2293 it can go far down.
Hi Bakker,

Take a look at Weekly and Monthly Support brother.

From my point of view, if gold were to decline, it should form one or two weekly candles near the support level 2376. Then, we might observe a bearish move downwards, with the next support range being 2222-2146 and the second support range at 2031-1984. However, for now, I am assuming the weekly trend is upward.

Nothing is 100% it is my analysis, don't just accept what i am saying go learn how things work analyse and then take action.
  • #34,558
  • Jun 14, 2024 2:19am Jun 14, 2024 2:19am
Quoting axecap
{quote} Mate, if it was that good I dont understand why you would be here. There surely isnt a strategy that would break Forex... if its a strategy that doesnt require human input then the bots would be doing it. clearly it requires human subjectivity, as successful stragtegies do, so even disclosing it wont mean everyone can do it......as you have pointed out counting to 6 can be challenging. Of course its your perogitive but it hard to engage with your charts when we dont see everything you are looking at.
I'm here because I get bored waiting for the next trade. I don't need to be here, but if this is how you feel about my presence here I will quit.
  • #34,559
  • Jun 14, 2024 2:26am Jun 14, 2024 2:26am
Quoting Bakker
{quote} Yes, I saw it. {image}
Inside candles!!!
  • #34,560
  • Jun 14, 2024 2:30am Jun 14, 2024 2:30am
Quoting Bakker
{quote} I'm here because I get bored waiting for the next trade. I don't need to be here, but if this is how you feel about my presence here I will quit.
No...dont do that....I'm not suggesting that at all. I think we are all here out of boredom at times, I know i am. Not judging you just inquesitive...
Happy trading and post what you are comfortable with.
Its all just one persons opinion
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