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  • #38,281
  • Aug 15, 2024 3:28am Aug 15, 2024 3:28am
Quoting axecap
{quote} Its a bearish continuation pattern similar to what we see on H4 at the moment as per my previous post. Most reliable as a pull back to an established trend before continuing down, which is not what we have right now. But never the less it just goes to the discussion about up first or down first and the psot regarding the next H4 close.
When harmonic targets are pending I ignore a lot of the things which I usually pay close attention to.*
It is my view that most things will be deceiving you, causing a certain misleading impression.
Usually I stick to my targets until the last minute.

*This includes, news, data and people talking about all the levels in the world.
We watch the charts from every angle so you don't have to!!
  • #38,282
  • Aug 15, 2024 3:31am Aug 15, 2024 3:31am
Quoting Techknow
{quote} I closed at 2454. Nice profit but im no longer interested in long positions, I will look for a place to get short for 2284
I still have 20% of 2380 long position trail to 2415. I'm waiting for the news later and hoping for price to go further up haha.
2 Corinthians 12:9
  • #38,283
  • Aug 15, 2024 3:35am Aug 15, 2024 3:35am
Quoting pedro319
{quote} When harmonic targets are pending I ignore a lot of things that usually I pay attention to. It is my view that most thing will be deceiving you, causing a certain impression. Usually I stick to my targets until the last minute.
yep when we are uncertain we clutch at everything....
I was prompting the silver guy as to what he was looking for in this h4 close to make his decision. I dont exepect any major move before NY and the employment figures etc....and when it comes this pattern wont prevent whats already decided. I dont mind up then down or down then up. ive got positions each way, spread wide and far.
Its all just one persons opinion
  • #38,284
  • Aug 15, 2024 3:38am Aug 15, 2024 3:38am
Quoting axecap
{quote} yep when we are uncertain we clutch at everything.... I was prompting the silver guy as to what he was looking for in this h4 close to make his decision. I dont exepect any major move before NY and the employment figures etc....and when it comes this pattern wont prevent whats already decided. I dont mind up then down or down then up. ive got positions each way, spread wide and far.
Master. Teach us.
  • #38,285
  • Aug 15, 2024 3:38am Aug 15, 2024 3:38am
Quoting pedro319
{quote} Let me be honest with you. No one knows where we are going for sure. I believe in 2508 for the reasons I have explained but also the idea of collapse from here would not surprise me. We just manage our positions the best we can and go with the flow.
This x 100000, this is also why it's important to be careful of following people on a forum where you do not have direct access to them. Traders are going to trade and evolve as the market evolves. It is extremely difficult to follow someone without real-time access to them. Both parties have to be hyper-aware and constantly updating, which is impossible in a forum setting. If you are following someone do your best to get direct access to that person. People that are on here showing you the goods without constantly pushing their product are a great place to start, for example, Pedro. People who are here promoting their goods without showing you their goods are not a great place to start (you know who you are). You will be able to differentiate between those who can and actually want to help you and those who want to scam you pretty quickly.
TechKnow
  • #38,286
  • Aug 15, 2024 3:40am Aug 15, 2024 3:40am
Quoting goldenwizard
{quote} I still have 20% of 2380 long position trail to 2415. I'm waiting for the news later and hoping for price to go further up haha.
I certainly think it will move higher, I am just not interested in the RR any longer. If I reopen now, the statistics are all off, and it won't be worth it. I will hold for a short when i see the proper signs. Ill hold for 2280 area
TechKnow
  • #38,287
  • Aug 15, 2024 3:49am Aug 15, 2024 3:49am
Quoting axecap
{quote} Đây là mô hình tiếp tục giảm giá tương tự như những gì chúng ta thấy trên H4 hiện tại theo bài đăng trước của tôi. Đáng tin cậy nhất là sự kéo trở lại xu hướng đã thiết lập trước khi tiếp tục giảm, đây không phải là những gì chúng ta có ngay bây giờ. Nhưng dù sao thì nó cũng chỉ chuyển sang thảo luận...

Your trading view is great, I think before that a lot of traders thought gold would fall but then the war news came out and they set a target of 2500.
What I see is that gold did not fall because of the war news, not the war news at this time driving the gold price.
It may be contrary to some of the debated views.
But my ichimoku shows that gold will fall before rising again.
BTC will also go to 43k to rise again.
This is my personal view
  • #38,288
  • Aug 15, 2024 3:52am Aug 15, 2024 3:52am
This is what is above us in terms geometrical ratios of the price swings of the past

One of these "blocks" is likely to stop price - which one who knows and to what degree we do not know - to be honest, its very congested, which is pretty useless in prediction capability

Attached Image (click to enlarge)
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PS - If you can remember all the hype for gold in 2011 "Going to $5000" - notice where price topped out Square root of 5 which is geometrically 2 adjacent squares of the swing A-B from A = D

This next chart shows where price fell to - not perfect but good enough - 44.7% is the mathematical INVERSE of 2.236!

Attached Image (click to enlarge)
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  • #38,289
  • Aug 15, 2024 3:54am Aug 15, 2024 3:54am
Quoting wiseguy0
{quote} Master. Teach us.
Pedro is the teacher
Its all just one persons opinion
  • #38,290
  • Aug 15, 2024 4:00am Aug 15, 2024 4:00am
I am currently watching over M30 Chart on the Gold. Any M30 Candle closing below 2450$ would mean that another leg down is coming. 2420$ is the Support if that happens.
  • #38,291
  • Aug 15, 2024 4:01am Aug 15, 2024 4:01am
Quoting axecap
{quote} Pedro je učitelj
@Pedro, we are open minded for any of your thougts.
  • #38,292
  • Aug 15, 2024 4:02am Aug 15, 2024 4:02am
1 min harmonic swings
This would put us where we need to be, after, pullback of the pullback should start or indeed continuation down.
Attached Image (click to enlarge)
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We watch the charts from every angle so you don't have to!!
  • #38,293
  • Aug 15, 2024 4:06am Aug 15, 2024 4:06am
On even the slightest clue that the Sell is starting I'll probably close all Long positions on both the Gold and the Silver.
  • #38,294
  • Aug 15, 2024 4:08am Aug 15, 2024 4:08am
Quoting pedro319
, after, pullback of the pullback . {image}
How many backs would a pullback pull if a pullback could pull backs.
Its all just one persons opinion
  • #38,295
  • Aug 15, 2024 4:09am Aug 15, 2024 4:09am
Quoting axecap
{quote} How many backs would a pullback pull if a pullback could pull backs.
As many as the number of imeframes
We watch the charts from every angle so you don't have to!!
  • #38,296
  • Aug 15, 2024 4:09am Aug 15, 2024 4:09am
Quoting profits7
{quote} {image}
_________ banked 50% profits$ @TP1 = remain to TP2 @2476
Attached Image (click to enlarge)
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Don’t focus on making $$$, focus on protecting what you have.
  • #38,297
  • Aug 15, 2024 4:13am Aug 15, 2024 4:13am
The Resistance for the Gold is slightly below 2460$.
  • #38,298
  • Aug 15, 2024 4:17am Aug 15, 2024 4:17am
Quoting axecap
{quote} I expect the H4 candle will look very similar to the previous 3 candles. What are you looking for to inform you if the next move is a sell. {image}
Currently waiting for any M30 Candle that will close below 2450$. If it doesn't, then Longs are safe and if it does I expect another drop such as the one we saw yesterday and the Support is at around 2420$. Resistance according to the H4 Chart is between 2457$ - 2463$.
  • #38,299
  • Aug 15, 2024 4:19am Aug 15, 2024 4:19am
Quoting ScalaFX
{quote} still waiting for my all shorts to unlock, then we can slide
Where's your highest Sell Limit Order?
  • #38,300
  • Aug 15, 2024 4:23am Aug 15, 2024 4:23am
looks a bit like on borrowed time to me
Note: Keep it simple, especially in times of noise.

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