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(binned per thread starter’s request) Gold Trading Explained

  • #81
  • Feb 12, 2025 8:23am Feb 12, 2025 8:23am
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  • #82
  • Feb 12, 2025 8:36am Feb 12, 2025 8:36am
H4, watch it closely, however keep in mind Powell is about to speak at close of hour and will coincide with start of new H4 candle on MT4

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  • #83
  • Feb 12, 2025 9:01am Feb 12, 2025 9:01am
Quoting Bakker
H4, watch it closely, however keep in mind Powell is about to speak at close of hour and will coincide with start of new H4 candle on MT4 {image}
hi. Are u going to only talk about gold or will u include currencies
  • #84
  • Feb 12, 2025 9:06am Feb 12, 2025 9:06am
Quoting vinesh1
{quote} hi. Are u going to only talk about gold or will u include currencies
Gbp/Usd as well.
  • #85
  • Edited 9:39am Feb 12, 2025 9:26am | Edited 9:39am
I am confused right now. Please mention which place you started counting on the chart. I can see that sometimes you start from low, sometimes reverse & sometimes You say without counting. Please provide the exact rule for starting counting. currently, it's very difficult to grab this by seeing your chart. My understanding is that incase of buy setup we see the candle which has made new low. so that is candle 1. now we start counting 2,3.4 & 5.
But my question is, if candle makes new low then setup is invalidated. and again we start counting from new low

But in between some times you are doing reverse counting. how do you decide on that. and what is the criteria when you say no counting
thanks in advance.
  • #86
  • Feb 12, 2025 9:33am Feb 12, 2025 9:33am
Quoting ritesh79
I am confused right now. please mention when do you start counting. I can see that sometimes you start from low, sometimes reverse & sometimes You say without counting. Please provide the exact rule to start counting. currently its very difficult to grab this by seeing your chart. thanks in advance.
Have you read the previous posts regarding this?
  • #87
  • Feb 12, 2025 9:39am Feb 12, 2025 9:39am
You need to draw levels that's been targeted by the move. You then start counting the candles approaching the target. Candle 6 should be the candle that crosses the target line, if not, adjust the line until the count is getting to 6.
  • #88
  • Feb 12, 2025 9:42am Feb 12, 2025 9:42am
I have read your previous post. i have corrected my post. kindly look in to my concern
  • #89
  • Feb 12, 2025 9:42am Feb 12, 2025 9:42am
If the level is too far off, bring it back to where C6 is in making.
  • #90
  • Feb 12, 2025 9:45am Feb 12, 2025 9:45am
For example, gold is currently in the making of count no. 3 from down. am I correct in 1 hour tf
  • #91
  • Feb 12, 2025 9:49am Feb 12, 2025 9:49am
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  • #92
  • Feb 12, 2025 9:50am Feb 12, 2025 9:50am
Quoting ritesh79
For example, gold is currently in the making of count no. 3 from down. am I correct in 1 hour tf
Yea i think thats right, at least thats how i understood it too
  • #93
  • Feb 12, 2025 9:55am Feb 12, 2025 9:55am
H1

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  • #94
  • Feb 12, 2025 9:57am Feb 12, 2025 9:57am
Quoting Bakker
H1 {image}
Push trade line to the top of previous candle right now and wait for 6 to cross
  • #95
  • Feb 12, 2025 10:19am Feb 12, 2025 10:19am
Daily: A probability

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  • #96
  • Feb 12, 2025 10:21am Feb 12, 2025 10:21am
Be patient! A lame duck right now.
  • #97
  • Feb 12, 2025 10:23am Feb 12, 2025 10:23am
What are your entry, exit and sl points? Sorry i you already mentioned it.
  • #98
  • Feb 12, 2025 10:27am Feb 12, 2025 10:27am
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Maybe M30 will pull it through
  • #99
  • Edited 10:54am Feb 12, 2025 10:32am | Edited 10:54am
Quoting vinesh1
What are your entry, exit and sl points? Sorry i you already mentioned it.
No real strategy, entry is the only one and already said, how and when. Gut feeling is what I depend on.
  • #100
  • Feb 12, 2025 10:47am Feb 12, 2025 10:47am
Quoting vinesh1
What are your entry, exit and sl points? Sorry i you already mentioned it.
Vin !!!! we been over this loads on zoom... take a look at yesterdays 4hr candle pullback near lows to see where i got in (gbp/usd)

Just keep practising it over and over on demo.... you will get it easily pal You should be able to tell me the exact price
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