Is it possible in one shot? {image}
- #72,941
- Apr 16, 2025 1:47pm Apr 16, 2025 1:47pm
- Joined Jan 2016 | Status: Trader | 3,906 Posts
- #72,942
- Apr 16, 2025 1:48pm Apr 16, 2025 1:48pm
- Joined Jun 2013 | Status: enjoying life | 23,847 Posts
- #72,944
- Apr 16, 2025 1:49pm Apr 16, 2025 1:49pm
- Joined Jun 2020 | Status: NY flip project. Probability games | 3,521 Posts
{quote} BEFOREAFTER
Running 100 pips. Prices are already accepted. NO MORE risk.
Trade with honor
m5/m15 movement edited {image} {image}
Look right, we'll see the signs
- #72,946
- Apr 16, 2025 2:01pm Apr 16, 2025 2:01pm
- Joined Jun 2020 | Status: NY flip project. Probability games | 3,521 Posts
Second para {image}
Look right, we'll see the signs
- #72,948
- Apr 16, 2025 2:21pm Apr 16, 2025 2:21pm
- Joined Jan 2016 | Status: Trader | 3,906 Posts
I'm taking this small short position; It's not supported by anything, except the end of ABCD pattern.
- #72,951
- Apr 16, 2025 3:18pm Apr 16, 2025 3:18pm
I thought I'd love to see Gold pumping but I was wrong. Gold pumping so fluidly actually doesn't fit within my trading system. I need some more resistive action(pullbacks) within the trend so I can get pin point entries. I switched to silver and Platinum for this week. Just took a swing trade on silver today and I missed my setup twice on silver on both Monday and Tuesday and both trades would have played out perfectly if I would have took them, I just was really busy on both days. I love this thread and I don't see any silver ones so I'll post this here.
Greetings and good day to everyone here as well.
Greetings and good day to everyone here as well.
Price shows movement, Time shows meaning.
- #72,953
- Apr 16, 2025 3:44pm Apr 16, 2025 3:44pm
- Joined Jul 2011 | Status: Gold Again | 10,557 Posts
Weekly Initial Balance (IB) is a concept that can be applied to the first two days of the trading week, typically Monday and Tuesday. Here’s how it works:
- High IB (Monday and Tuesday's High): The highest price reached during the first two days of the week.
- Low IB (Monday and Tuesday's Low): The lowest price reached during those same days.
The idea behind using Monday and Tuesday as the Initial Balance is that these two days often set the range for the rest of the week. Here's why it's useful:
- Establishing the Range: The High IB and Low IB represent the market's initial price boundaries for the week. These are seen as key reference points that traders watch closely.
- Market Behavior: Once the High and Low IB are set, traders will watch to see if the price breaks above or below this range:
- If the price breaks above the High IB, it may signal an upward trend or continuation.
- If the price breaks below the Low IB, it may signal a downward trend or continuation.
- Testing & Breaking the IB: On Wednesday and beyond, traders watch if the price tests and breaks these levels. A breakout above or below the IB could result in a continued trend or a pullback.
- Key to Trade Decisions: These levels (High IB and Low IB) act as key points for potential entries, exits, and stop losses for the rest of the week. Many traders will use these as a guide to make decisions throughout the week.
In short, Monday and Tuesday's range (High IB and Low IB) becomes the Initial Balance for the whole week, helping traders understand the market structure and potential price action for the remaining days.
It takes a lot for me to IGNORE you, but you can try.
- #72,955
- Apr 16, 2025 4:12pm Apr 16, 2025 4:12pm
- Joined Jul 2011 | Status: Gold Again | 10,557 Posts
Daily candle = monster that’s roughly about $120? The trend is your friend until the end Wonder how many blew accounts shorting this today
Contrarians will always do what they do...
It takes a lot for me to IGNORE you, but you can try.
- #72,956
- Apr 16, 2025 4:38pm Apr 16, 2025 4:38pm
- Joined Mar 2021 | Status: Trader | 1,183 Posts
{image} Weekly Initial Balance (IB) is a concept that can be applied to the first two days of the trading week, typically Monday and Tuesday. Here’s how it works: High IB (Monday and Tuesday's High): The highest price reached during the first two days of the week. Low IB (Monday and Tuesday's Low): The lowest price reached during those same days. The idea behind using Monday and Tuesday as the Initial Balance is that these two days often set the range for the rest of the week. Here's why it's useful: Establishing the Range: The High IB and Low IB...
Candlesticks dont move markets, Volume does
- #72,957
- Apr 16, 2025 5:12pm Apr 16, 2025 5:12pm
- Joined Jul 2011 | Status: Gold Again | 10,557 Posts
WOW
It takes a lot for me to IGNORE you, but you can try.
- #72,958
- Apr 16, 2025 5:15pm Apr 16, 2025 5:15pm
- Joined Mar 2021 | Status: Trader | 1,183 Posts
{quote} lol old manon the contrary im very young, only 41
https://www.instagram.com/p/C6_cRHxtluU/
Candlesticks dont move markets, Volume does
- #72,959
- Apr 16, 2025 5:21pm Apr 16, 2025 5:21pm
- Joined Mar 2021 | Status: Trader | 1,183 Posts
WOW {image}
Candlesticks dont move markets, Volume does
- #72,960
- Apr 16, 2025 5:44pm Apr 16, 2025 5:44pm
- Joined Jul 2011 | Status: Gold Again | 10,557 Posts
{quote} It is strange that icmarkets charts on TV platform are known to show these type of gaps. But when you refer to the MT4 platform, You do not see this gap but on TV charts it shows. refer to the platform mt4 you will not find this.
TV needs to step up their game if they want traders to seriously trade with the platform.
It takes a lot for me to IGNORE you, but you can try.