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  • #56,761
  • Dec 18, 2024 3:01pm Dec 18, 2024 3:01pm
Quoting Mosese
I ask ask humbly, what is a trap in the market? A bear or bull trap. Like does it evem exist in the eyes of the market or part of a jargon of a particular trading system, like liquidity?
I think in a bull trap as a breakout of a level that it is turn down immediately after, so a lot of breakout traders enter the market, but then the market goes against them, making them exit with a lose. If it is an intentional trap or just some orders that were on that level, who knows. And yes, this should generate liquidity, as it activates a lot of orders on the market.
  • #56,762
  • Dec 18, 2024 3:27pm Dec 18, 2024 3:27pm
Start Buy 2592
Holy Betting Grail strategy
  • #56,763
  • Dec 18, 2024 3:42pm Dec 18, 2024 3:42pm
Quoting PatienceFx
{image}
nice shottt sold it heavily also
  • #56,764
  • Dec 18, 2024 4:19pm Dec 18, 2024 4:19pm
Quoting okami
{quote} I think in a bull trap as a breakout of a level that it is turn down immediately after, so a lot of breakout traders enter the market, but then the market goes against them, making them exit with a lose. If it is an intentional trap or just some orders that were on that level, who knows. And yes, this should generate liquidity, as it activates a lot of orders on the market.
Thanks, you clarified it a lot better
  • #56,765
  • Dec 18, 2024 4:19pm Dec 18, 2024 4:19pm
Today was a good day
  • #56,766
  • Dec 18, 2024 4:52pm Dec 18, 2024 4:52pm
Good day gold heading for 2555
average dude treading water
  • #56,767
  • Dec 18, 2024 5:14pm Dec 18, 2024 5:14pm
Quoting fdtrader1937
May God help me because now İm officially broke. Thanks GOLD {image}
dude it’s all about money management. We’ve all been there. Gold is quite a brutal pair at times.
Insane in the Brain..
  • #56,768
  • Dec 18, 2024 6:05pm Dec 18, 2024 6:05pm
Where’s that guy who chuckles every time people sell gold? He must’ve been chuckling relentlessly for a week or two now? Poor guy
  • #56,769
  • Dec 18, 2024 6:39pm Dec 18, 2024 6:39pm
Quoting fxcontest
Start Buy 2592
2616-7 current target by breaking above 2595 ? Please validate.
SURFER
  • #56,770
  • Dec 18, 2024 7:00pm Dec 18, 2024 7:00pm
Quoting fdtrader1937
May God help me because now İm officially broke. Thanks GOLD {image}
So sorry man...My one cent... Switch to cent account if you may please... Follow a study plan while you don't try to get back all you have lost at once. I can guarantee you, you will be fine again, gradually by learning from everyone, book or being.
I am on that journey too.
Learn... Work Hard... Trade Alone
  • #56,771
  • Dec 18, 2024 7:08pm Dec 18, 2024 7:08pm
h4
Attached Image (click to enlarge)
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vankiepsauff@gmail
  • #56,772
  • Dec 18, 2024 7:12pm Dec 18, 2024 7:12pm
For me, gold has just liquidated its market low for the Asian session, so we should expect a rise that marks its liquidation of the market high marked by a liquidity candle, then we can be satisfied with a few pips to the downside.
  • #56,773
  • Dec 18, 2024 7:26pm Dec 18, 2024 7:26pm
Quoting Elliottway
{quote}2616-7 current target by breaking above 2595 ? Please validate.
last TP
Holy Betting Grail strategy
  • #56,774
  • Dec 18, 2024 7:31pm Dec 18, 2024 7:31pm
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Miners! Get your tools ready, it's time to start B$.
Learn... Work Hard... Trade Alone
  • #56,775
  • Dec 18, 2024 7:39pm Dec 18, 2024 7:39pm
Quoting fxcontest
{quote} last TP
The next resistance level after 2616 is 2630. However, before reaching this level, the price is likely to encounter support. Based on current market conditions, it is important to identify where the support might is. Please share your opinion. Thanks
SURFER
  • #56,776
  • Dec 18, 2024 7:45pm Dec 18, 2024 7:45pm
Quoting Elliottway
{quote} The next resistance level after 2616 is 2630. However, before reaching this level, the price is likely to encounter support. Based on current market conditions, it is important to identify where the support might be, Please share your opinion. Thanks
Attached Image (click to enlarge)
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Download from Google Play store. Simply the best! No annoying ads, no subscriptions. Simply the best!
Learn... Work Hard... Trade Alone
  • #56,777
  • Dec 18, 2024 7:48pm Dec 18, 2024 7:48pm
Quoting fxcontest
{quote} last TP
The 2630 level is likely to act as resistance, and according to the Support and Resistance (SnR) pattern, the 2616-2617 range should serve as a key level where resistance could turn into support. Please validate this scenario and let me know if there are any other support levels to consider before reaching this point.
SURFER
  • #56,778
  • Dec 18, 2024 7:48pm Dec 18, 2024 7:48pm
Sell 2618 - 17
Holy Betting Grail strategy
  • #56,779
  • Dec 18, 2024 7:49pm Dec 18, 2024 7:49pm
Quoting Elliottway
{quote} The 2630 level is likely to act as resistance, and according to the Support and Resistance (SnR) pattern, the 2616-2617 range should serve as a key level where resistance could turn into support. Please validate this scenario and let me know if there are any other support levels to consider before reaching this point.
IMO 2617 - 18 are Top R
Holy Betting Grail strategy
  • #56,780
  • Dec 18, 2024 7:54pm Dec 18, 2024 7:54pm
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Bullish divergence.
2 H1 candles doing HH, HL
RSI OB
Currently trading above pivot.
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