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  • #57,521
  • Dec 26, 2024 8:39pm Dec 26, 2024 8:39pm
Quoting Deal
I real need a broker and a good one... I close my sell in breakeven but my broker in the closing hour just hit my price 2628.745 without close it. The opposite of yesterday. Let see if i learn something new. Despite that i am relief my pattern doesn't fail me. {image} {image}
Is that your pattern? What's the determining condition for it?
  • #57,522
  • Dec 26, 2024 8:53pm Dec 26, 2024 8:53pm
Quoting vankiepsauff
long uj 157.70 https://www.forexfactory.com/thread/...-a-scam?page=6
out -15
vankiepsauff@gmail
  • #57,523
  • Dec 26, 2024 8:54pm Dec 26, 2024 8:54pm
Quoting vankiepsauff
long gold 2630
pls
vankiepsauff@gmail
  • #57,524
  • Dec 26, 2024 9:19pm Dec 26, 2024 9:19pm
Quoting Deal
{quote} I know many of us have diferent ways to identify a shift of momentum. Despite all this bullish pressure today we failled to breakout my price to consider a shift. For many of you is just 1H candle, i need at least a 4H candle and in both tf's the interest rates candle was not broken, so i am not total convince. But is my oppinion and i repeat, i have 2644 marked as an area of liquidity, not a price but a zone.
Gold is currently forming a bearish wedge pattern, with the 2643 level acting as a key point where a sell off could happen. I expect the price could drop to 2602 from there. However, the daily chart shows a clear upward move, which raises the question of whether this is just a temporary pullback or if we're seeing the start of a new all time high (ATH). On the 4 hour chart, the price closed above last week's high but didn’t reach the 2643 liquidity level, which may suggest some hesitation in the market. I also think the daily chart might have formed an evening star pattern, a signal of a potential bearish reversal. However, the support at 2626 has held, which could lead to a new resistance level forming on the daily chart. As for my trade, I am focusing only on the buy side. I believe the potential for the price to go higher is stronger than the risk of it dropping. but right now, I see a good risk to reward opportunity for buying.
SURFER
  • #57,525
  • Dec 26, 2024 9:21pm Dec 26, 2024 9:21pm
Quoting Commodities
{quote} Is that your pattern? What's the determining condition for it?
When prior daily close range is breaked the 1H candle that's break that range is breaked the open should be retested if it was not wicked so far.
But days like today with gap should no be seen like that, be avoid.
Today i just assume the first break, maybe get lucky, maybe not.
Usual should not play this pattern when it breaks with the opening price.
Normally is the break of that opening candle in 4H.
Something that i am working out, because when it misses price is shifting hardly the direction.
Sometimes we have a good range to profit, sometimes we don't.
Better enter with lower TF confirmation, because nothing is 100% sure.
It's for daily, weekly, monthly whatever.
We just need to know the fractal of each TF.
Better study deviations around this too because the tendency is complete 1 deviation before the return.
But like i said, there are no garantees and we should assume losses, not be greedy and think we have holygrail.
  • #57,526
  • Dec 26, 2024 9:28pm Dec 26, 2024 9:28pm
Quoting Elliottway
{quote} Gold is currently forming a bearish wedge pattern, with the 2643 level acting as a key point where a sell off could happen. I expect the price could drop to 2602 from there. However, the daily chart shows a clear upward move, which raises the question of whether this is just a temporary pullback or if we're seeing the start of a new all time high (ATH). On the 4 hour chart, the price closed above last week's high but didn’t reach the 2643 liquidity level, which may suggest some hesitation in the market. I also think the daily chart might...
I am buying to 2644 in my eyes.
My broker hits my price, and it seems will not return there again.
This trade is more like a feeling, that someone is protecting that price. So my Sl is there...

I had check other brokers and didn't hit that price, is strange.
  • #57,527
  • Dec 26, 2024 9:36pm Dec 26, 2024 9:36pm
Quoting fxcontest
Sell 2632 - 28
Close All

Long 2633 - 35
Holy Betting Grail strategy
  • #57,528
  • Dec 26, 2024 9:37pm Dec 26, 2024 9:37pm
Quoting Deal
{quote} I am buying to 2644 in my eyes. My broker hits my price, and it seems will not return there again. This trade is more like a feeling, that someone is protecting that price. So my Sl is there... I had check other brokers and didn't hit that price, is strange.
The price has already reached a critical point on your chart, clearly indicating that brokers are effectively exploiting the time zone dynamics to trap unsuspecting retail traders. Every day, there's a constant bloodbath, with many getting caught in the wrong positions. I plan to approach this market with a seller's mindset, fully aware that this chart will likely give sellers a sense of confidence, fueling further declines. However, if there’s any lack of momentum or interest in the market, I will remain cautious and adjust my risk management accordingly to avoid unnecessary exposure. This kind of manipulation, likely there is no tomorrow.
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  • #57,529
  • Dec 26, 2024 9:40pm Dec 26, 2024 9:40pm
Quoting Elliottway
{quote} The price has already reached a critical point on your chart, clearly indicating that brokers are effectively exploiting the time zone dynamics to trap unsuspecting retail traders. Every day, there's a constant bloodbath, with many getting caught in the wrong positions. I plan to approach this market with a seller's mindset, fully aware that this chart will likely give sellers a sense of confidence, fueling further declines. However, if there’s any lack of momentum or interest in the market, I will remain cautious and adjust my risk management...
Yes, this 1H breaking i will take partials and breakeven, this candle can be trap to...
This can play for both sides, you are right.
  • #57,530
  • Dec 26, 2024 9:42pm Dec 26, 2024 9:42pm
Quoting fxcontest
{quote} Close All Long 2633 - 35
and...2634 hold ?
Holy Betting Grail strategy
  • #57,531
  • Dec 26, 2024 9:44pm Dec 26, 2024 9:44pm
Quoting Deal
{quote} Yes, this 1H breaking i will take partials and breakeven, this candle can be trap to... This can play for both sides, you are right.
By chance I had already taken partials and this rejection didn't please me, I'm going to wait for a clear break.
  • #57,532
  • Dec 26, 2024 9:45pm Dec 26, 2024 9:45pm
Quoting vankiepsauff
{quote} pls
Of course chief... We have a bullish harami on H4... Alpha jet getting ready to launch. Put on your gears.
Learn... Work Hard... Trade Alone
  • #57,533
  • Dec 26, 2024 9:53pm Dec 26, 2024 9:53pm
Quoting BiteFX
{quote} Of course chief... We have a bullish harami on H4... Alpha jet getting ready to launch. Put on your gears.
2638 will give a tough time
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  • #57,534
  • Dec 26, 2024 10:05pm Dec 26, 2024 10:05pm
Quoting PatienceFx
{quote} draw waves on this chart and tell me WHY i took this position {image}
Instead of directly asking why you are buying, it would be better to focus on analyzing the chart. It feels more like I am closely watching your trade and making my analysis based on that. Please consider framing your questions in a more humble and respectful way, asking for insights in a request rather than a directive.

EDIT: You have deleted the post!?!?!
SURFER
  • #57,535
  • Dec 26, 2024 10:13pm Dec 26, 2024 10:13pm
Quoting fxcontest
{quote} Close All Long 2633 - 35
Close All

Just waiting candle close
Holy Betting Grail strategy
  • #57,536
  • Dec 26, 2024 10:13pm Dec 26, 2024 10:13pm
I’m seeing a lot of “my brokers out to get me” posts and I’ve just been curious about why we’re all just looking at the technicals and price action without considering the fundamentals and also realising that the market has been choppy ever since the sell off post rate decision.

Rate cuts should result in gold buying but a choppy market is a result of indecision. The Fed said that they expect less cuts next year but it’s not because of what they know, it’s because of what they don’t know. They are unsure of what to do with monetary policy until Trump policy kicks in and it’s reflecting in the market. I’ve always known that choppy markets are profit and capital destroyers. Don’t be discouraged by the losses you’re making right now. I don’t see Gold taking any decisive direction until Trump is in office and the only drivers that might give hints are the data that will come between now and 20 January. This has been the story for many USD pairs. It might be best to sit out this market and wait for the choppy consolidation to end. Good luck everyone
  • #57,537
  • Dec 26, 2024 10:22pm Dec 26, 2024 10:22pm
Quoting simbagavi
I’m seeing a lot of “my brokers out to get me” posts and I’ve just been curious about why we’re all just looking at the technicals and price action without considering the fundamentals and also realising that the market has been choppy ever since the sell off post rate decision. Rate cuts should result in gold buying but a choppy market is a result of indecision. The Fed said that they expect less cuts next year but it’s not because of what they know, it’s because of what they don’t know. They are unsure of what to do with monetary policy until...
bro ker is

bro brother
ker Ancient Greek religion: A destructive spirit, also known as Keres. In the Attic festival of Anthesteria, the spirits of the dead were addressed as Keres

so
a broker is never meant to let you earn anything
  • #57,538
  • Dec 26, 2024 10:22pm Dec 26, 2024 10:22pm
Quoting simbagavi
I’m seeing a lot of “my brokers out to get me” posts and I’ve just been curious about why we’re all just looking at the technicals and price action without considering the fundamentals and also realising that the market has been choppy ever since the sell off post rate decision. Rate cuts should result in gold buying but a choppy market is a result of indecision. The Fed said that they expect less cuts next year but it’s not because of what they know, it’s because of what they don’t know. They are unsure of what to do with monetary policy until...
Raised a solid point about the current market, where the uncertainty from the Fed and broader political developments are creating choppy conditions. For example, when you think about a situation like a person’s body (flesh and bone), it’s not just the bones (the technicals) that determine their movement, but also the muscle and nerves (the fundamentals) that guide them. if the nerves aren’t sending clear signals, the body stumbles. Similarly, in markets, technical analysis may show patterns, but without clear fundamental direction (like the Fed’s uncertain policy or the political landscape), those patterns can be misleading. Gold, for instance, should be reacting to rate cuts as a safe haven, but the lack of clarity on future rate hikes or cuts, combined with the market’s wait and see stance until after the elections, means the fundamentals are causing hesitation in the technical setups. It’s a good reminder that, like flesh and bone, both aspects, technical and fundamental need to align for a clear market move, and right now, the market is waiting for a signal that might not come until after the upcoming data or political shifts.

Quoting simbagavi
I’m seeing a lot of “my brokers out to get me” posts and I’ve just been curious about why we’re all just looking at the technicals and price action without considering the fundamentals and also realising that the market has been choppy ever since the sell off post rate decision. Rate cuts should result in gold buying but a choppy market is a result of indecision. The Fed said that they expect less cuts next year but it’s not because of what they know, it’s because of what they don’t know. They are unsure of what to do with monetary policy until...
I am carefully analyzing the reversal pattern for the wedge because taking leveraged trades can be risky if the price moves south unexpectedly. That's why this discussion is so critical. I believe that the daily chart will likely push the price towards the 2780's level, but there's still uncertainty due to the volatility. This makes following the chart closely even more crucial, as any misstep could amplify the risks associated with leveraged positions.
SURFER
  • #57,539
  • Dec 26, 2024 10:48pm Dec 26, 2024 10:48pm
waiting for the price to reach perfect zone to short
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Read the chart... Fundies are catalyst...
  • #57,540
  • Dec 26, 2024 10:52pm Dec 26, 2024 10:52pm
Quoting satheesh
waiting for the price to reach perfect zone to short {image}
Hello Sateesh. your chart is informative keep posting.
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