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  • #51,821
  • Nov 14, 2024 12:19pm Nov 14, 2024 12:19pm
Quoting darenasor
Good afternoon colleagues, after months reading the forum, I would love to join the debates with you, I am from Spain, good afternoon
Welcome.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #51,822
  • Nov 14, 2024 12:22pm Nov 14, 2024 12:22pm
Quoting BiteFX
There is a Break of Structure now, we can wait for the final confirmation...RSI oversold. Then find our entry. {image}

Just to confirm I've read this right, you think it's moved from bearish to bullish with break of structure and waiting for RSI oversold to confirm?
  • #51,823
  • Nov 14, 2024 12:23pm Nov 14, 2024 12:23pm
Trend lines also giving more confluence. If that does it well, fine.
But, I will like to wait for the last confirmation.
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  • #51,824
  • Nov 14, 2024 12:26pm Nov 14, 2024 12:26pm
Quoting Lloyd628
{quote}Bienvenido.
Thank you very much, I am using an indicator that I posted today in the forum "mxwll suite and zero lag signal" Could you guide me in how you use it? thank you
  • #51,825
  • Nov 14, 2024 12:27pm Nov 14, 2024 12:27pm
Bullish rebound after hitting 50% retracement.
DXY also retracing after getting close to Oct.2023 swing high resistance.
Fat weekly Kumo oriented to the upside together with Tenkan.
Pending buy order after crossing over the flat H4 Tenkan.

All the best.
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I used to be indecisive but now I'm not so sure...
  • #51,826
  • Nov 14, 2024 12:27pm Nov 14, 2024 12:27pm
Quoting Durin
{quote} Just to confirm I've read this right, you think it's moved from bearish to bullish with break of structure and waiting for RSI oversold to confirm?
The bias is now a sell.
Price below daily open
BoS
Volume
Trend lines
Remains RSI oversold.
You may add 50EMA if you like. But the trend lines do the very same work.
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  • #51,827
  • Nov 14, 2024 12:29pm Nov 14, 2024 12:29pm
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  • #51,828
  • Nov 14, 2024 12:31pm Nov 14, 2024 12:31pm
Quoting darenasor
Good afternoon colleagues, after months reading the forum, I would love to join the debates with you, I am from Spain, good afternoon
buenas tardes amigx
  • #51,829
  • Nov 14, 2024 12:53pm Nov 14, 2024 12:53pm
Quoting BiteFX
{quote} The bias is now a sell. Price below daily open BoS Volume Trend lines Remains RSI oversold. You may add 50EMA if you like. But the trend lines do the very same work.
Great that makes more sense to me! I was seeing a return to sell but wanted to check it wasn't just my (optimistic) bias with trade still open at sell 2550

i have use 50 EMA, and RSI but i should probably look to incorporate volume into my indicators
  • #51,830
  • Nov 14, 2024 1:09pm Nov 14, 2024 1:09pm
It’s reacting to this trendline:
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  • #51,831
  • Nov 14, 2024 1:12pm Nov 14, 2024 1:12pm
BoS again. Only RSI overbought confirmation remaining.
This Change of Character and Market Structure Shift is the heart of the market.
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  • #51,832
  • Nov 14, 2024 1:13pm Nov 14, 2024 1:13pm
Quoting Durin
{quote} Great that makes more sense to me! I was seeing a return to sell but wanted to check it wasn't just my (optimistic) bias with trade still open at sell 2550 i have use 50 EMA, and RSI but i should probably look to incorporate volume into my indicators
If Powell doesn't confirm later this evening that interest cut rates will go on as planned in December, close the trade. It's likely the price will go up. Otherwise, keep it opened as probably it will rally down very quickly.
  • #51,833
  • Nov 14, 2024 1:16pm Nov 14, 2024 1:16pm
Quoting BiteFX
BoS again. Only RSI overbought confirmation remaining. This Change of Character and Market Structure Shift is the heart of the market. {image}
You looking at a 25.75 and higher sell?
  • #51,834
  • Nov 14, 2024 1:23pm Nov 14, 2024 1:23pm
Quoting Cammyp
{quote} You looking at a 25.75 and higher sell?
I am looking to buy.
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  • #51,835
  • Nov 14, 2024 1:26pm Nov 14, 2024 1:26pm
Quoting BiteFX
{quote} I am looking to buy.
You mean u want to see rsi >70 and then wait for it to drop so that you can get in? For a buy
did I understand correctly?
  • #51,836
  • Nov 14, 2024 1:27pm Nov 14, 2024 1:27pm
Quoting BiteFX
{quote} I am looking to buy.
Frustratingly my indicators are saying buy.... come on Powell get on with it
  • #51,837
  • Nov 14, 2024 1:31pm Nov 14, 2024 1:31pm
Price reacted to the weakly FVG and In 1h we already got a market shift so I have placed my order already targeting that yellow line
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  • #51,838
  • Nov 14, 2024 1:35pm Nov 14, 2024 1:35pm
Quoting anonrika
{quote} You mean u want to see rsi >70 and then wait for it to drop so that you can get in? For a buy did I understand correctly?
Yes
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  • #51,839
  • Nov 14, 2024 1:53pm Nov 14, 2024 1:53pm
https://www.forexfactory.com/thread/...4#post15058984
XAUUSD D1
on the road to <2400 ??
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short
active 2785,2784,2783,2709 =same like link above (they all have SL in win)
long
active 2543

Gold is down 9% since its top.
Since gold was overbought and the US elections favored a fall, strong profit-taking occurred within 2 weeks.
Depending on the further development, it will be checked whether a significant recovery in gold can be expected or not. If further rising tendencies can be observed starting with 2600/2633, I will build up further long positions and liquidate short positions step by step.
If the recovery is only very short-term, the previous target of <2400 remains.
  • #51,840
  • Nov 14, 2024 1:55pm Nov 14, 2024 1:55pm
No order block retested in daily or FVG, a nice bullish pin bar to do it from a an weekly FVG. Honestly no matter what powell say, the price wants to retest something and then maybe what Powell says could matter.
Already said the minimum, but i think it can go longer than that analising the daily.
Around 2628.000 minimium in a daily perspective.
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