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  • #66,321
  • Feb 26, 2025 8:35pm Feb 26, 2025 8:35pm
8 weekly green candles since end of last year render a real correction of some sort.
  • #66,322
  • Feb 26, 2025 8:53pm Feb 26, 2025 8:53pm
Wow it really just shot down like that, nice lil scalp hehe.
"Be water, my friend"
  • #66,323
  • Feb 26, 2025 8:55pm Feb 26, 2025 8:55pm
How to get notified to threads? I would like to follow this gold thread.
  • #66,324
  • Feb 26, 2025 9:11pm Feb 26, 2025 9:11pm
Quoting Morrigan
How to get notified to threads? I would like to follow this gold thread.
Just click subscribe at top of page, adjust settings to your preferences.
Regards.
  • #66,325
  • Feb 26, 2025 9:40pm Feb 26, 2025 9:40pm
Gold has more potential to fall a bit more than to go up, guys. Sell from the 2921/2920 region for now, as it is the end of the month anyway. Fundamentals should support this as well
  • #66,326
  • Feb 26, 2025 9:44pm Feb 26, 2025 9:44pm
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  • #66,327
  • Feb 26, 2025 9:48pm Feb 26, 2025 9:48pm
Checking pa , tilting head likely in situ , more correction possible! So no change yet , do what doing ! Take care

Quoting Bakker
8 weekly green candles since end of last year render a real correction of some sort.
Yeah , weekly engulfing possible scnerios to start a correction !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #66,328
  • Feb 26, 2025 9:58pm Feb 26, 2025 9:58pm
Here’s how you can refine this strategy and find good entries/exits:

1. Identifying Extra-Stretched Moves

Use ATR (Average True Range): Compare the current daily range to the ATR (e.g., 10-day ATR). If the price has moved 2x or more of ATR, it's a sign of exhaustion.

Look for Parabolic Moves: When the market goes nearly vertical in one direction, it’s often unsustainable.

RSI Overbought/Oversold (Extreme Levels): RSI above 85 or below 15 on the daily timeframe indicates an extreme move.

Bollinger Bands (Deviation from Mean): A price closing far outside the bands (2.5-3 standard deviations) shows extreme conditions.

Market Sentiment (COT Data, News Overreaction): If traders are extremely bullish/bearish, the market might be near exhaustion.


2. Entry Triggers

Pin Bars / Reversals on Daily: A long wick rejecting an extreme level is a good reversal signal.

Divergence on RSI/MACD: If the price makes a new high/low but indicators don’t, momentum is weakening.

Lower Time Frame Confirmation (H1 or H4): A structure break (e.g., lower high after an uptrend) confirms the reversal.


3. Exit Strategy (Quick Profits)

TP at 20-50% retracement: Most extreme moves pull back 20-50% before continuing.

Trailing Stop on Lower Time Frames: Once in profit, move SL to lock in gains.

Exit on First Strong Reaction: When the market aggressively moves in your favor, consider partial exits.


4. Tools for Easy Trade Signals

ATR Indicator (to spot abnormal moves)

RSI (85/15 levels) (to identify extreme stress)

Bollinger Bands (3 SD) (to catch stretched price action)

MACD & Divergence Scanner (to see weakening trends)

News Alerts (Forex Factory, Investing.com) (to catch overreactions)
  • #66,329
  • Feb 26, 2025 10:02pm Feb 26, 2025 10:02pm
Quoting 40k
Here’s how you can refine this strategy and find good entries/exits: 1. Identifying Extra-Stretched Moves Use ATR (Average True Range): Compare the current daily range to the ATR (e.g., 10-day ATR). If the price has moved 2x or more of ATR, it's a sign of exhaustion. Look for Parabolic Moves: When the market goes nearly vertical in one direction, it’s often unsustainable. RSI Overbought/Oversold (Extreme Levels): RSI above 85 or below 15 on the daily timeframe indicates an extreme move. Bollinger Bands (Deviation from Mean): A price closing far...
Can you show it on chart and prove it along the way?
  • #66,330
  • Feb 26, 2025 10:23pm Feb 26, 2025 10:23pm
no need to make it too complicated.

it's all about probability. the key point is how to get the most probable trading.

KISS

just my 3 cents

bulls make money, bears make money, pigs get slaughtered
  • #66,331
  • Feb 26, 2025 10:28pm Feb 26, 2025 10:28pm
in smaller tf , next support may at 2892
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #66,332
  • Feb 26, 2025 10:29pm Feb 26, 2025 10:29pm
Why does when someone post on threads on this site I have to ask 20 times before I can understand what they meant? Is this normal here?

Do people really know what they are talking about? Please enlighten me.
  • #66,333
  • Feb 26, 2025 10:35pm Feb 26, 2025 10:35pm
Quoting Morrigan
Why does when someone post on threads on this site I have to ask 20 times before I can understand what they meant? Is this normal here? Do people really know what they are talking about? Please enlighten me.
Do people really know what they are talking about? Please enlighten me.

some do most dont ..... enlightened ??
  • #66,334
  • Feb 26, 2025 10:36pm Feb 26, 2025 10:36pm
Quoting Morrigan
Why does when someone post on threads on this site I have to ask 20 times before I can understand what they meant? Is this normal here? Do people really know what they are talking about? Please enlighten me.
to me it is to correct myself! if any mistake i like people criticize to have a correction done for my own safety! overconfidence is the most dangerous mind setup in forex , just need to encounter it !
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #66,335
  • Feb 26, 2025 10:38pm Feb 26, 2025 10:38pm
Quoting T721
{quote} Do people really know what they are talking about? Please enlighten me. some do most dont ..... enlightened ??
I see.
  • #66,336
  • Feb 26, 2025 10:39pm Feb 26, 2025 10:39pm
Quoting fontu
{quote} to me it is to correct myself! if any mistake i like people criticize to have a correction done for my own safety! overconfidence is the most dangerous mind setup in forex , just need to encounter it !
Nice. I like to correct myself always.
  • #66,337
  • Feb 26, 2025 10:44pm Feb 26, 2025 10:44pm
Quoting cubidut
no need to make it too complicated. it's all about probability. the key point is how to get the most probable trading. KISS just my 3 cents
How do you apply KISS?
  • #66,338
  • Feb 26, 2025 10:46pm Feb 26, 2025 10:46pm
Quoting Commodities
Look how quiet all the haters are, you all know I was right and have been calling it right in both directions and you hate it Bye bye 2800s, hello 2920+
Good night champ, proof is in the pudding
  • #66,339
  • Feb 26, 2025 10:52pm Feb 26, 2025 10:52pm
Quoting fontu
in smaller tf , next support may at 2892 {image}
Maybe 2890?
  • #66,340
  • Feb 26, 2025 10:58pm Feb 26, 2025 10:58pm
Quoting Morrigan
{quote} Can you show it on chart and prove it along the way?
Bro I will post chart but you can try it your self too
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