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Gold

Quoting Maria25
My sell setup has been activated {image}
I scalp but close because is friday, eventually will go lower too.
But we are bullish, when we go lower i don't Know yet.
First most likely will take the high.
Price rejected the last fractal EQ to the pip.
Don't have reasons in 4H to touch that price.
In daily have all the chances in the next days.
The price you have the buy limits already was taped in a fractal point of daily. No need to go there monday.
It can, nothing is granted... But there are no inefficiency there,
Quoting Maria25
My sell setup has been activated {image}
As you embark on your trading career, here are a few important insights to consider. Avoid taking trades during the final hours of market close on Fridays, as this period can often lead to unpredictable movements, second: never carry a Friday trade unless you have developed a certain level of proficiency. Additionally, the market has displayed a strong upward momentum from Monday making a series of HH and HL suggesting that Friday is likely to close on a positive note (Refer to daily open and how aggressive the touch has been). That being said, this momentum extends into Monday Asian, driving prices even higher. If you plan to take short positions, ensure your timing is precise; otherwise, there’s a risk of being stopped out.

Hope these tips help!
Quoting Deal
{quote} 2673.500 a fully close in 4H i believe is enough Still 2720 most likely be taped first is still in play.
My strategy is based on pattern visualization. I missed a detail that makes what I posted very difficult. It will continue to rise until 2863. Greetings
Eight-Day System
Quoting ElCampeador
{quote} My strategy is based on pattern visualization. I missed a detail that makes what I posted very difficult. It will continue to rise until 2863. Greetings
Yes like mine.
It was not a critic, was a share.
But i understand your limit to be bearish, it was mine for today too.
Quoting Elliottway
I missed the opportunity when the price rejected at the 2663 level. Since then, someone has been disturbing me and clouding my mind. My focus shifted, and I began to think negatively, which is unnecessary. I need to stay silent and focus solely on my trades.
Your trade and position were not inherently wrong; the issue lies in the confidence that influenced your judgment. You missed the opportunity because you placed more trust in your logic than in what the market was signaling. This led to a degree of overconfidence, which can be a subtle obstacle in trading. The journey from being a good trader to a great one is within your reach, but it requires fine-tuning your approach and I highlighted this to you before as well refer to my earlier posts. Always remind yourself to trade based on what you see in the market, not on what you believe it should do.

Good traders know when to cut their losses, but great traders excel by adapting and switching directions when necessary.
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Quoting Maria25
My sell setup has been activated {image}
The Eq of the break failed the test most likely 2687.420 have became demand...
Tipical it does.
Remember is friday and Pretorian explain well.
Strong momemtum, not necessary means wick.
Quoting oliverlee
{quote} anyone know where to view this graphic?
its a Bloomberg terminal. $5k + subscription you gota be in a bank or investment firm err its better to ask him ..
im on break even maybe till Monday
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Quoting Maria25
im on break even maybe till Monday {image}
Caution with gap up!
Quoting Deal
{quote} Caution with gap up!
2693 was already hit. now its certain to hit 2753
Trading should be peaceful
What is correct
Automatically or Autometakli
We learn new things daily
Quoting PatienceFx
What is correct Automatically or Autometakli
Both within the context of the user but grammatically the first.
Market Structure is the King.....
Quoting Praetorion
{quote} As you embark on your trading career, here are a few important insights to consider. Avoid taking trades during the final hours of market close on Fridays, as this period can often lead to unpredictable movements, second: never carry a Friday trade unless you have developed a certain level of proficiency. Additionally, the market has displayed a strong upward momentum from Monday making a series of HH and HL suggesting that Friday is likely to close on a positive note (Refer to daily open and how aggressive the touch has been). That being...
How can one begin a systemic study to trade. Can you please suggest preferrably unpaid and paid sites . Thank you
Quoting Nordling
{quote} Man i didn't know you were RobinHood1 It's great to see you back friend! I was kinda worried about you not gonna lie. Im happy to hear that you are doing well! Life is treating me well lately, started seeing a cute lady whom takes most of my time so im not as active as i used to be here. I'm still lurking around here for reading the news & calendar while checking on threads from time to time though And yeah we have our disagreements but no hard feelings, it's just friendly banter after all, cheers buddy
I'm happy for you friend. Now, female partners do not approve of any hobby other than their own, I am speaking in general. Due to my experience and my age, they do not arouse any interest in me, especially as a trader and I would have approached the female topic differently looking back. I wish you good luck
Eight-Day System
Quoting luckytujuh
{quote} 2693 was already hit. now its certain to hit 2753
I also think 2720.275 is a target from daily with very very confidence.
Doesn't mean it will be in a straight line, because it won't.
To do that i follow the 4H chart, and tells me there are no inefficiency, using 4H that trigger continuation on Daily we can Gap up sure. Because the way to 2720.275 now needs minimum a 4H close above 2696.955 and with pratically 100% sure close above 2697.260 and again not necessary in a straight line.
Weekly and monthly try to go lower yes! Price action tells me that most likely failed and both are trying to hit the respective opens, but the problem is the weekly that have an internal range that can test his EQ first before go UP. Wich means area 2650 can still see a retracement on weekly chart. With low odds but possible.

The same for daily can test the area of 2665, this means after and in here if we see this retracement in my perspective doesn't invalidate the tap on 2720, it will depend what daily do in the EQ. Area wich normally defines invalidation points for breakouts. If those lows are not protected most likely a shift began, not granted because still missing a final confirmation. We can antecipate guessing, but to be accurate we need confirmation.

We are current at an old Range EQ of daily that never was respected and most likely were the reasons that price failed to get the top of that range. The retest failed twice if another daily range wasn't give me 2720 this area for me should give some reaction. Go higher or lower of a range without EQ test is not the most hight probability, it work when they are with hurry, but i prefer to see first a rejection there.
It is said that geniuses are crazy. If things go well for you, you are a genius, but if things go wrong for you, you are a madman.
Eight-Day System
Quoting ElCampeador
{quote} I'm happy for you friend. Now, female partners do not approve of any hobby other than their own, I am speaking in general. Due to my experience and my age, they do not arouse any interest in me, especially as a trader and I would have approached the female topic differently looking back. I wish you good luck
I would have adopted a dog from day one instead
Eight-Day System
and now a comment about trading. I have several long bitcoin positions averaging 94,000. Although this thread discusses gold, I have dared to introduce bitcoin comment since the gold market is closed at the moment. Target is 114,000, so I have to apply high precision adding along the way.
Eight-Day System
Quoting ElCampeador
It is said that geniuses are crazy. If things go well for you, you are a genius, but if things go wrong for you, you are a madman.
Not a genius, just a way how i see price action, you have yours and i have mine!
For some reasons your invalidation point to go bearish was the same of mine today.
Random or not as many people can think NFP respect that invalidation point that was exactly where the 4H EQ was respected on retest.
Not necessary you are right and i am right. Market do whatever he wants to do it is why i follow 4H most of the times.
Monday trading plan.Buy on every drop..
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