Attachments: Gold

Gold

#54,921
Dec 6, 2024 4:52am Dec 6, 2024 4:52am

Neowarcloud
| Joined Jul 2024 | Status: Trader | 204 Posts

I may have to change my schedule and trade US session and the Asian session because the London session has been this garbage. I mean we get this dribble crap, the only things that offer anything quick are reversals...

#54,922
Dec 6, 2024 4:54am Dec 6, 2024 4:54am

ChelseaR
| Joined Dec 2024 | Status: Trader | 64 Posts

Quoting Azen

Disliked

{quote} Thanks for your reply. I am not new to this market and explored a lot from fundamentals, sentiment, technicals, you name it. I've been lurking in this site for how many years and only created a new account because I knew someone who traded just like me, using auction market theory and volatility areas as methods to bypass all those other types of analysis and is much more faster and reliable, the "just join the big boys method". I know you and your background. Anyways, I am always asking a genuine question but as always people will answer...

Ignored

Interesting perspective! Most of the advice being shared around are indeed the quotes by trading maestros but those are not the solutions you would be looking for. Your approach with auction market theories and volatility looks like coming from a direct understanding of the market. The key for me has been cutting through the noise and striking when my gut says so.

#54,923
Dec 6, 2024 4:55am Dec 6, 2024 4:55am

saal
Joined Jul 2023 | Status: Trader | 589 Posts

Gold Buy 2635
Sl 2630
Tp1 2640
Tp2 2645

Success is not final, failure is not fatal... - Winston Churchill

#54,924
Dec 6, 2024 5:03am Dec 6, 2024 5:03am

arulisme
Joined Apr 2014 | Status: Trader | 610 Posts

Quoting saal

Disliked

Gold Buy 2635 Sl 2630 Tp1 2640 Tp2 2645

Ignored

you make me confident to add in SELL.Tq

Telegram orderflowbuddy

#54,925
Dec 6, 2024 5:15am Dec 6, 2024 5:15am

Deal
Joined Nov 2024 | Status: Trader | 5,208 Posts

Quoting Elliottway

Disliked

{quote} can you explain the next 4H retest wick part. it will help me to approach the market better than before. thanks

Ignored

Since i wake up that i am saying that 2634 had to BE tested. In this case when a supply in 1h coincide with the Open off a new 4h candle it also should BE test. That example de SL should have been at the high. Not like he did. Its went well but could went wrong. I prefer more space in SL because on the high beeing hit i probably where wrong on the setup

#54,926
Dec 6, 2024 5:23am Dec 6, 2024 5:23am

m3nacho
| Joined Dec 2024 | Status: Trader | 1 Post

what is this 12K previous NFP? not too low?

#54,927
Dec 6, 2024 5:26am Dec 6, 2024 5:26am

Deal
Joined Nov 2024 | Status: Trader | 5,208 Posts

Quoting ghussain

Disliked

{quote} agreed, there is choch on h4 bearish side, but h4 supply zone is 2705-2716 if h4 work the easiest target is 2580, not the 2630, {image} more over h1 is also bearish side, with a easy target of 2585, lets c what happen, i written only , which i saw on chart, maybe totally wrong. {image} {image} at the moment only 5 min & 15 min are bullish 15 min choch is also very close, can be break any time {image}

Ignored

Yes, but i was talking the minimun... From now on i have the Runner breakeven at the high and see if is possible Ride a bearish NFP with it. Everyday i BE happy with 1% what comes Next is welcome.

#54,928
Dec 6, 2024 5:27am Dec 6, 2024 5:27am

Praetorion
Joined Mar 2021 | Status: Trader | 1,183 Posts

Quoting BiteFX

Disliked

{quote} It is all of them Buddy... They are like the foot print of price.

Ignored

sometimes a simple tweak can be so great ..

Candlesticks dont move markets, Volume does

#54,929
Dec 6, 2024 5:35am Dec 6, 2024 5:35am

Elliottway
Joined Mar 2024 | Status: Wave Mastery | 1,183 Posts

Quoting Deal

Disliked

{quote} Since i wake up that i am saying that 2634 had to BE tested. In this case when a supply in 1h coincide with the Open off a new 4h candle it also should BE test. That example de SL should have been at the high. Not like he did. Its went well but could went wrong. I prefer more space in SL because on the high beeing hit i probably where wrong on the setup

Ignored

I see your point. It sounds like you're saying that 2634 is a key level that should be tested, especially when a 1-hour supply zone coincides with the open of a new 4hour candle. I agree that this kind of alignment often signals a more significant level that may require a test before any major price action. As for the stop loss placement, I understand your preference for setting it at the high rather than closer to the entry. Giving more space for the SL makes sense, as it helps reduce the likelihood of being prematurely stopped out due to normal price fluctuations. If the high is hit, it likely means the setup was invalidated, and you're more comfortable exiting, knowing the market is not behaving as expected. This approach ensures you're managing risk in a way that aligns with the structure of the market, allowing for a better risk/reward ratio overall.

SURFER

#54,930
Dec 6, 2024 5:36am Dec 6, 2024 5:36am

BiteFX
Joined Dec 2018 | Status: Big Operator | 4,525 Posts

Quoting Praetorion

Disliked

{quote} sometimes a simple tweak can be so great ..

Ignored

That's the trick...

Learn... Work Hard... Trade Alone

#54,931
Dec 6, 2024 5:36am Dec 6, 2024 5:36am

Deal
Joined Nov 2024 | Status: Trader | 5,208 Posts

Now, the test off 1h trendline above coincide with a 4h supply. Is really a point of interest.

Wich SIDE NFP Will take?
Caution because it have 3 toutches and depending of the volume it could happen a breakout to the upside. And we Will have that volume on about 2 hours.

#54,932
Dec 6, 2024 5:37am Dec 6, 2024 5:37am

John4y
Joined Mar 2021 | Status: Trader | 698 Posts

My Daily Pivots (ahead of NFP data)

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#54,933
Dec 6, 2024 5:46am Dec 6, 2024 5:46am

Deal
Joined Nov 2024 | Status: Trader | 5,208 Posts

Quoting Elliottway

Disliked

{quote} I see your point. It sounds like you're saying that 2634 is a key level that should be tested, especially when a 1-hour supply zone coincides with the open of a new 4hour candle. I agree that this kind of alignment often signals a more significant level that may require a test before any major price action. As for the stop loss placement, I understand your preference for setting it at the high rather than closer to the entry. Giving more space for the SL makes sense, as it helps reduce the likelihood of being prematurely stopped out due...

Ignored

And that 1h supply in fact ends broken. Some people call it crt and in the 1h it was complete. Then the supply tested and failed. Prevale 1 CRT on the 4h to complete the test on 2634. Buy the way i use NY time for my candles. Some brokers print other stuff.

#54,934
Dec 6, 2024 5:48am Dec 6, 2024 5:48am