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  • #58,521
  • Jan 6, 2025 11:45am Jan 6, 2025 11:45am
Quoting 69Doggy
{quote} Depends on the TF, You can only be sure of how the markets move if your mom was in a groupie with Jamie Dimon and Powell
Just ignore those people. It will be peaceful for you. What ever rejections or negativity you get. Dont get emotional and dont reply.

Listen to me
Trading is very lonely
  • #58,522
  • Jan 6, 2025 11:47am Jan 6, 2025 11:47am
Quoting Xauusdscalpr
{quote} Nah, it's just basic market and price action analysis, its very clear to see where key rejection levels are for both upside and downside movements, wicks are nothing more than noise, we see it plenty of times, if a candle doesn't close above/below a level (based on direction) then it doesn't matter what price does and where the wicks have been, the price point has not been invalidated. So yes, unless you see price close below 2637 on a timeframe that isn't below 4h it doesn't mean anything.
I get you bro, 13mins to candle close let’s see how that works out
  • #58,523
  • Jan 6, 2025 11:54am Jan 6, 2025 11:54am
Quoting vankiepsauff
short 2639.70, 20 lots

Close it bro. Its retracing
Trading is very lonely
  • #58,524
  • Jan 6, 2025 11:54am Jan 6, 2025 11:54am
Uau, it hit 2635.648...
WTF...
Luck, easy... whatever.... Price action and patterns...
Don't give opinions based on guess, but probabilities...
This one is my second gold chiken...
When everyone said sell i never doubth that we should hit 2641 again...
Profit on sells, on buys is not random...

And right now the buyers are thinking that maybe are wrong... Maybe not...
  • #58,525
  • Jan 6, 2025 11:55am Jan 6, 2025 11:55am
In 4H chart gold forming a inverted flag pattern.. current candle closing below 2637 may reach 2608-2602 level
  • #58,526
  • Jan 6, 2025 12:05pm Jan 6, 2025 12:05pm
Quoting luckytujuh
{quote} Close it bro. Its retracing
It should give a 4h bearish bar, if not will comeback to 2635.648
It rejected like price action dictate 2639. 873


EDIT: Better explained the rejection in 2639.873 tipical give next a bearish bar, the 2635.648 should also be rejected, is why if this prior candle close 10000 points away we should see a retest of this prices. And more time than not, this next candle should be bearish. and it doesn't hit 2621 because i don't believe that now it have strength to do it.
  • #58,527
  • Jan 6, 2025 12:07pm Jan 6, 2025 12:07pm
Quoting luckytujuh
{quote} Close it bro. Its retracing
Nah
  • #58,528
  • Jan 6, 2025 12:10pm Jan 6, 2025 12:10pm
Gold is making LL/LH... if price goes below 2632, 2604 will be next.
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  • #58,529
  • Jan 6, 2025 12:27pm Jan 6, 2025 12:27pm
If tomorrow we go bullish i expect a fight from the area 2651
If bearish from the area 2632 if the day close above prior daily low...
  • #58,530
  • Jan 6, 2025 12:40pm Jan 6, 2025 12:40pm
Old timers.

I was having my dinner and had a buy before that crash. lucky put a stop loss above break even. I have a book that explains this N here I have to go and check it out.
  • #58,531
  • Jan 6, 2025 12:41pm Jan 6, 2025 12:41pm
With 2660 levels now off the table, the market is expected to range within the current zones until the next news data release. Market has set the range for JOLTS, NFP and PMI, UC, a wide $32 range has been established... the lows set during the London and New York sessions were clearly part of a liquidity run, confirming the close within the range of the Asian Low. Tomorrow's Asian Session will be crucial in determining the market's direction. The overall move appears more bearish, with a strong rejection observed at a key level. Initially, I expected the run to continue, but after noticing a strong rejection at 2649.50, I decided to close my long position. To maintain discipline and avoid the temptation of trading during New York Session, I stepped away from my desk. It was brutal and bad.
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Candlesticks dont move markets, Volume does
  • #58,532
  • Jan 6, 2025 12:42pm Jan 6, 2025 12:42pm
Quoting Praetorion
With 2660 levels now off the table, the market is expected to range within the current zones until the next news data release. Market has set the range for JOLTS, NFP and PMI, UC, a wide $32 range has been established... the lows set during the London and New York sessions were clearly part of a liquidity run, confirming the close within the range of the Asian Low. Tomorrow's Asian Session will be crucial in determining the market's direction. The overall move appears more bearish, with a strong rejection observed at a key level. Initially, I expected...
Very enjoyable analysis, need more posts like this, keep it up!!!
  • #58,533
  • Edited 1:28pm Jan 6, 2025 1:15pm | Edited 1:28pm
After last rejection most likely shoul hit 2632.155
I will engage in 1H TF with a sell limit in 2636.273 if don't play out expect a retest of this price to close my trade...
Despite we are swiping liquidity of an inside bar in 1H TF.

If TP hit first trade canceled.


EDIT: By a trade not playing out i mean close above my sell limit.
  • #58,534
  • Jan 6, 2025 1:23pm Jan 6, 2025 1:23pm
Quoting Xauusdscalpr
{quote} Very enjoyable analysis, need more posts like this, keep it up!!!
despite all this aggressive move, they still have not invalidated the levels i posted on Sunday ..
Candlesticks dont move markets, Volume does
  • #58,535
  • Jan 6, 2025 1:28pm Jan 6, 2025 1:28pm
Guys let me give you an old but gold advice: trade what you see, not what you think.
  • #58,536
  • Jan 6, 2025 1:56pm Jan 6, 2025 1:56pm
It's so beautiful to see price trying to close below 2634.345 on the 1H TF. Regardless, we have another trade, but we'll see if the range is worth it.
  • #58,537
  • Jan 6, 2025 2:03pm Jan 6, 2025 2:03pm
Quoting Deal
It's so beautiful to see price trying to close below 2634.345 on the 1H TF. Regardless, we have another trade, but we'll see if the range is worth it.
Plus spread not worth...
Possible rejection in 2634.297, the idea was to enter here with a buy tp the previous sell limit
  • #58,538
  • Jan 6, 2025 3:14pm Jan 6, 2025 3:14pm
I will consider whether I should continue to give such accurate prices. I have the feeling that most people cannot accept different ideas. Adding to this we have the half-dozen who do not add anything to the forum more than sarcasm as if they understood the market.
The truth is that I have never seen one of them explained and giving a TP or SL. Trading gold is not a joke! Anything that offers 1RR is valid. Only people who know to compound understand what I'm saying.
We all have different perspectives, but we can never look only for our side. Take advantage of the readings of other members, maybe you will come to the conclusion that we are wrong. Nothing is guaranteed!
We are all have losses, our advantage is to have more gains than losses, not to always win because that doesn't exist!
In fact, it is in losses that the greatest gains are made and I have said this several times. We learn and as a rule we will have a retest.
Try to see the market not from the side of always winning, but how to offset losses and you will see incredible patterns.
Well, I'll stop here today, with the awareness that if I continue to see members who just come here and just be sarcastic without anything to add, I will have to stop sharing my vision and teaching how I enter into trades.
I am not referring to myself, but to all those who contribute as they can.

Kiss kiss
  • #58,539
  • Jan 6, 2025 3:23pm Jan 6, 2025 3:23pm
Just took a long
At 2636.48
Sl: 2610.52
Tp: 2645.52
A little beginner trader since 2006
  • #58,540
  • Jan 6, 2025 3:27pm Jan 6, 2025 3:27pm
Quoting mades
Guys let me give you an old but gold advice: trade what you see, not what you think.
....or assume. Things are going to be so confusing with wicked price action like this. Perhaps we retail traders have been trading against algorithm ever since New Year Eve. Just look to the left on H4/daily/or even weekly....nothing yet.
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