Disliked{quote} Breaking 5111 ,5182 (261.8% fib extension) This looks like Buyers trapIgnored
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Make More Money - Eliminate DRAMA 11 replies
Just posting my trades, everyone is welcome but no drama 2 replies
Disliked{quote} Breaking 5111 ,5182 (261.8% fib extension) This looks like Buyers trapIgnored
Disliked{quote} We need to see confirmation before sell or buy. For sell yes yesterday there was solid rejection from 5100 area and same for buy. Make it more simple: here are your points of resistance 5084-5093 / 5130-5140 / 5164-5172 righ... Now filp these numbers then here will be support area 4984-4993 / 5030-5040 / 5064-5072 Did you see where was the possibilty of rejection and buy zones. Gold was rejected from 4990 area. Buy and sell depends on your trading timeframe as well. You need quick pips or long term trade its up to youIgnored
DislikedOk this is where i close my bad entry... 5075.955 Trade average, 1 quarter loss and now just wait... Price is not clear to me and really didn't like that close above 5068.200. When this happens my setup loose value to me despite still can work... There others out there to come. Safe trades.Ignored
Disliked{quote} Ok no worries here is simple and short answer: Old resistance becomes new support and Old support becomes new resistance. Price often reacts to the same areas again because we remember those zones and place orders there. For example yesterday gold was rejected from 5090-5100+ and that area was resistance and now flip these number to othe direction and see what should be the support according to our above resistance 4990-5000. More simple way to flip numbers Before (Resistance) 5084-5093 / 5130-5140 / 5164-5172 Flip (Support) 4984-4993 /...Ignored
DislikedToday is my day of getting whipsawedThree trades in a row Am done for the day
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DislikedOk this is where i close my bad entry... 5075.955 Trade average, 1 quarter loss and now just wait... Price is not clear to me and really didn't like that close above 5068.200. When this happens my setup loose value to me despite still can work... There others out there to come. Safe trades.Ignored
Disliked{quote} INTRADAY BEHAVIOR. Look right, we'll see the signs. Waiting is painful. It's about the trading journey. IMHO{image}
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Disliked{quote} sorry, are you sell or buy? What is your target? As i know you have buy bias....thanks. for my learning tooIgnored