Gold

Hi dear.

How long do you intend to hold that long entry. Except if it's demo trading

Follow those boxes relative to ema and will see is not random, particulary the breakouts and what candle retest and if it don't rarely come back...
For my studing of this range we are bearish, tomorrow could be another day.

Or the rejections in EQ...
In 14 boxes only one do not follow the second breakout.

TRUE... Spot on

I am selling every quarter in 1H time frame dividing 1% of my account between the high of that box and the low of the day...
Only close trades if 1H candle closes above again.
Never tell this strategy, because is hard sometimes in the phone writing for me at that time of the day, but usual i say prices relative to this pattern.

how long is a piece of string. If we hit BE tonight I might take profit. If for example we go over I will keep b/e as SL

Sell Gold 2640
Sl :2645
Tp :2630

And if in the next Hour the candle still closes below the blue box i have confluence to be bearish.
All time right? Of course not, probabilities mean something.

Just in case breakeven at 2632...
Good point.

Sold at 2640, small lot size, going to let it run for a while as my upward trend line is broken. Next interesting area for me 2621-2625 price area. Some much needed time away from the charts watching football this evening. Play up pompey

Do Not Expect Much Anymore This Week. We're Heading Into December And It's Expected That The Gold Will Continue To Drop Next Month. Potentially Reaching The Target At 2480$ Which Would Finally Allow The Price To Reach It's Average.

Silver Continues To Find Buyers Below 30$ For Now.

10Y Yield Cratered Today To 4.236% For Now.

70% Chance Being Priced In For December Rate Cut By The Fed. Could Prove To Be Very Optimistic.

1 to 4 rw completed and 1% gain. Unlucky only get one quarter hit after the breaking candle close...


EDIT: It take the low in Profit so we close all. In this case was 1, and the wick was big. If i am not in profit only close in a candle close below the prior.

I was smoking my cigarrete, and because i know some of the readers will try to find this range without knowing what candle is, what broker time and so on.
I was refering to counter break first of all, do not do this in a simple break, the pattern is diferent and if not work out is a sign reversal, it means that we have a hight chance of engage before the counter break almost to the pip and the tp is close and not the hight or the low and so on.
If anyone want the indicator for backtesting i share free, no problem.
Despite ChatGPT help me do it, the indicators is now working well, try a bot but that AI is a total dumb, always assuming and not doing what i ask.
I always said here that trading is to know when to enter and already have when get out, and also know in case of loss what to do to get it back. Is how i study my strategies.
I have some patterns that go in with only 1 quarter but without stop etc.
This pattern in my backtest and live results has been profit and i don't FOMO. If i have doubts i have more patterns to get me out. If not i don't chase miracles, assume the loss because in the long run the account grow, sometimes not so much but grow.
There are no holygrail and it is why i also ask to members here what they do, trading is learning with everyone, after that backtest a lot.
In 7 Years most of my time is backtesting and i never gonna be satisfied.

Edit: By the way is a scalping strategy, for long run don't close the trade and leave breakeven, it is why many times you all see me saying that i am breakeven... I know my risks...

How this 1 Hour candle when failed continue the trend in that day is always retested? Random? News? Trump? Wars?
Is a change of delivery with orders in it or big boys closing breakeven.
The most profit strategies are the failed ones because who move the market most of the time are in loss and have plenty of capital to recovery.

Potential sell bias.

If breaks out of the channel a Double top might form to further attract sellers

If not, buyers will create other patterns to convince us to their side

We are waiting for your help in EQ, perhaps with RW of 1-5 and pray all the time, is a way of seeing markets, doesn't mean that you are super, infact if you were did't waste your time for sarcasm...

Buying continues with proper SL

still hold short

Strength confirmed, I am in.
That SL hit was an example of wait, wait, and wait until all checklist is completed.

Bearish divergence completed with OS condition.
I am short already.

No checklist for this trade, just entered for the sake of entering the market. Men, that is not trading, it is gambling. There must be a systematic way of entering and exiting the market.
I guess once in a while, the trader's indiscipline kicks in. But, it is what it is. Let's now make some moneyyyyyyyy.