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  • #51,961
  • Nov 15, 2024 12:22pm Nov 15, 2024 12:22pm
Market was getting ready for a drop .. this was in the morning where a few scalps were taken .. then NY Session showed the true side .. By LS Session i knew the direction .. below are the screen shots..




Then later during US Session took another trade
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Candlesticks dont move markets, Volume does
  • #51,962
  • Nov 15, 2024 12:23pm Nov 15, 2024 12:23pm
Perfect manipulation...
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  • #51,963
  • Nov 15, 2024 12:35pm Nov 15, 2024 12:35pm
Quoting azhantahir
{quote} Waiting for corrective "ABC" is painful. But don't forget, what happens if corrective "C" is incomplete. If incomplete, means ((X)). If ((X)) is completed, another corrective WXY will come. Sometimes ABCDE ruined the corrective. Lots of corrective. Basic corrective (wave in wave) before 12345 controls the markets. IMO
All I'm interested in is the volume of buyers and sellers in respect to fundamentals.
  • #51,964
  • Nov 15, 2024 1:00pm Nov 15, 2024 1:00pm
Bulls are consolidating on the daily time frame, so they won't move interestingly - but they will probably hit lower to scare them, then start bullish - Wyckoff pattern.
Just love God and work hard in what you want, then your wishes will come tr
  • #51,965
  • Nov 15, 2024 1:03pm Nov 15, 2024 1:03pm
Quoting duksi
{quote} All I'm interested in is the volume of buyers and sellers in respect to fundamentals.
Price is still constricted by the trading range (equilibrium). A lot of sellers and a lot of buyers inside it. The seller will respect the buyer if expansion happens. If this happens, it shows the willingness to reprice. But if not happen, it becomes manipulation. The volume of the buyer becomes a seller. All movements (price delivery) start with consolidation, expansion, retracement, and reversal based on technical (either price action, SnD, SnR, Elliot Wave, OHLC, or etc) . IMO
Look right, we'll see the signs
  • #51,966
  • Nov 15, 2024 1:24pm Nov 15, 2024 1:24pm
Quoting azhantahir
{quote} Price is still constricted by the trading range (equilibrium). A lot of sellers and a lot of buyers inside it. The seller will respect the buyer if expansion happens. If this happens, it shows the willingness to reprice. But if not happen, it becomes manipulation. The volume of the buyer becomes a seller. All movements (price delivery) start with consolidation, expansion, retracement, and reversal based on technical (either price action, SnD, SnR, Elliot Wave, OHLC, or etc) . IMO

Eventually it will break out. The BB are getting closer and closer which usually means that a breakout is in play soon, at least on the H1 chart.

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  • #51,967
  • Nov 15, 2024 1:44pm Nov 15, 2024 1:44pm
Quoting Quicksand
{quote} Eventually it will break out. The BB are getting closer and closer which usually means that a breakout is in play soon, at least on the H1 chart. {image}
That is why, we must refer to current trends. Against is valid if expansion already happened. If the price is still inside equilibrium, a lot of probabilities refer to the current trend. The willingness to reprice (to become a buyer) is still invalid. If invalid, SHOULD I BECOME A BUYER? Not necessary. Respect what prices are doing. All about basic trading and self-psychology. IMO.
Look right, we'll see the signs
  • #51,968
  • Nov 15, 2024 1:47pm Nov 15, 2024 1:47pm
Of course I don't know where the price will head next, I don't think we can predict this. I am just saying that we should prepare for a breakout soon.

For the moment I still have the sell order in place since it was 2613. I am still on a good profit and with a safe SL to ensure profit on the trade is still good enough for me. Just in case price slips down.
  • #51,969
  • Nov 15, 2024 1:53pm Nov 15, 2024 1:53pm
Quoting Quicksand
Of course I don't know where the price will head next, I don't think we can predict this. I am just saying that we should prepare for a breakout soon. For the moment I still have the sell order in place since it was 2613. I am still on a good profit and with a safe SL to ensure profit on the trade is still good enough for me. Just in case price slips down.
My prediction was accurate
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  • #51,970
  • Nov 15, 2024 1:57pm Nov 15, 2024 1:57pm
Quoting Tradersview-
Daily close looks like hammer forming,Friday's close will be clear for the reversal confirmation. If confirmed,minimum target - 2603 and next 2623
Today's close may be doji,strong reversal of the downtrend will be confirmed if closed in doji,nd targets hits before month end
  • #51,971
  • Nov 15, 2024 2:10pm Nov 15, 2024 2:10pm
Quoting azhantahir
Happy weekend. SL depends on it. Own risk (RRR). Targeting TP1 and TP2 and TP3 LTF: TFH1/M5 {image}
Using toolbar (White PATH) before and after movement. It's all about respecting what prices are doing. It's not about prediction, it's all about the price itself. I call it trade with honor.
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Look right, we'll see the signs
  • #51,972
  • Nov 15, 2024 2:28pm Nov 15, 2024 2:28pm
Quoting azhantahir
{quote} Using toolbar (White PATH) before and after movement. It's all about respecting what prices are doing. It's not about prediction, it's all about the price itself. I call it trade with honor. {image} {image}
I had to end it before the market closed. Focused on BTC and other crypto soon (Saturday and Sunday). Closed lots of positions and stayed single (with BE) for the next target. Trade with honor. Mission accomplished. Happy weekend and happy withdraw

Methodology: Price Action (Triple Lines/OHLC/OLHC), Corrective ABC, Corrective X, Corrective WXY
LTF : TFH1/TFM5
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Look right, we'll see the signs
  • #51,973
  • Nov 15, 2024 3:54pm Nov 15, 2024 3:54pm
2575~77 looks like a strong resistance, i think next week price will drop further more - below 2500
  • #51,974
  • Nov 15, 2024 4:39pm Nov 15, 2024 4:39pm
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Just love God and work hard in what you want, then your wishes will come tr
  • #51,975
  • Nov 15, 2024 10:03pm Nov 15, 2024 10:03pm
so for a small dip of 210 odd dollars people are expecting a bounce on this forum. remember why gold was bought for 2 odd years

1. war
2. election uncertainity
3. interest rate cuts.

All 3 boxes are cancelled now and there is no reason for gold to make a move to 3000. I can see it dropping to 2400 and 2200 as well in days to come
  • #51,976
  • Nov 15, 2024 10:43pm Nov 15, 2024 10:43pm
gold fell from 1900 in 2011 to 1060 in multi year decline. I can see a similar move playing something like sub 2400. dont forget gold rallied from 1906 to 2802 in what 10 months in a parabolic move. so when parabola corrects it falls rapidly as well. 50% could be knocked off
  • #51,977
  • Nov 16, 2024 12:47am Nov 16, 2024 12:47am
Quoting Deal
Perfect manipulation... {image}
Which timeframe does the screenshot show?
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #51,978
  • Nov 16, 2024 2:01am Nov 16, 2024 2:01am
Quoting giveachance
so for a small dip of 210 odd dollars people are expecting a bounce on this forum. remember why gold was bought for 2 odd years 1. war 2. election uncertainity 3. interest rate cuts. All 3 boxes are cancelled now and there is no reason for gold to make a move to 3000. I can see it dropping to 2400 and 2200 as well in days to come
Israel-Iran-Lebanon a non-factor?
  • #51,979
  • Nov 16, 2024 2:57am Nov 16, 2024 2:57am
Happy weekend guys. For BTCUSD lovers. Own risk (RRR). IMO

M1
W1
D1
H4
H1
Waiting is painful. IMO

Methodology: Price Action (Triple Lines/OHLC/OLHC), Corrective ABC, Waves (X)=Corrective WXY
HTF: Multi TFD1/TFH4/TFH1/M15
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Look right, we'll see the signs
  • #51,980
  • Nov 16, 2024 3:02am Nov 16, 2024 3:02am
Quoting giveachance
so for a small dip of 210 odd dollars people are expecting a bounce on this forum. remember why gold was bought for 2 odd years 1. war 2. election uncertainity 3. interest rate cuts. All 3 boxes are cancelled now and there is no reason for gold to make a move to 3000. I can see it dropping to 2400 and 2200 as well in days to come
1) Ukraine and Israel are still at war and we still have Houthis hurling missles at boats...the only thing that seems to have calmed is Iran.
2) Noted- Sure I guess.
3)It wasn't bought for 2 years for cuts

I do tend to agree that gold is going to go back and find its Apr-Jul range and probably hang out there until given a good reason not to.
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