Mastering Swing Trading using Market Framework

3 important trading times to remember for trading gold 9pm,2am and 8am (est time)

Subject to change anytime,Gold just moves so much ,refer to the chart below and adjust within your timezone for essential trading sessions

Things improving today +95 on gold. Nice one. Still behind on GU tho. I will get that back tomorrow.

+95 gain on Gold is impressive,of course GU will come,this precious metal itself is a task for everyone Good trading ,keep it up.

Reset and never to return lol,but what goes up must come down,shall traders get stuck in transition or worst yet,some keep holding losing trades and price make a whole new range,beyond expectation.

The Food and Drug Administration on Monday granted full approval to the Covid-19 vaccine developed by Pfizer and its partner BioNTech, a long-awaited development that public health officials hope will persuade some people who remain hesitant about the vaccine to get the shot.
The vaccine is the first of the pandemic vaccines used in the United States to transition from emergency use status to full licensure, a major victory for a partnership that decided to forgo funding through the government’s Operation Warp Speed program on the belief that the development project could move faster without being part of the government fast-tracking program.
The FDA said the vaccine was now approved for use in people ages 16 and up, the only group for which Pfizer now has the required six months of followup safety data. Study of the vaccine in 12- to 15-year-olds began later, and the six-month followup is still underway. Until it can be submitted to the FDA and an extension of the license can be issued, the vaccine will continue to be used in 12- to 15-year-olds under the emergency use authorization.

Pfizer and BioNTech are still conducting a clinical trial to support the vaccine’s use in children 11 and younger.

NZDUSD

JACKSON HOLE SYMPOSIUM SHIFTS TO AN ONLINE FORMAT; DOLLAR INDEX BOUNCES FROM 9-MONTH HIGH
Major US stock indices closed Friday in green territory. The S&P 500 index increased by 0.8%, the Dow Jones index increased by 0.65%, and the Nasdaq added 1.2%. NVIDIA, MSFT, and CSCO stock prices made new all-time highs. But that did little to make up for the week's losses. By the end of the week, the Dow and S&P 500 decreased by 1.1% and 0.6%, respectively, and the Nasdaq technology index fell by 0.7%. The main event of the coming week will be the annual symposium of the world’s central banks’ heads in Jackson Hole, where signals concerning the plans of the Federal Reserve's monetary policy are expected. On the one hand, last week, the FOMC minutes showed that the Fed was not planning to cut the QE program until September 22. On the other hand, hedge funds and well-known private investors are reducing the shares of companies in their portfolios, so the probability that Mr. Powell will announce the start of monetary policy tightening still exists. It also became known that the growing number of COVID-19 cases prompted the Federal Reserve to shift its annual symposium in Jackson Hole to an online format.
US Treasury Secretary Janet Yellen told senior White House advisers that she supports the reappointment of Jerome Powell as chairman of the US Federal Reserve, whose term expires in February. The White House has not yet commented on this issue, but the Biden administration is inclined to nominate another candidate according to preliminary information.
European stock indexes closed in the green zone on Friday. The British FTSE 100 increased by 0.4%, the French CAC 40 gained 0.3%, the German DAX added 0.3%, and the Spanish IBEX 35 added 0.15%. By the end of the week, the FTSE 100 fell by 1.8%, the DAX index decreased by 1.1%, the CAC 40 lost 3.9%, and the IBEX 35 lost 0.9%. Shares of European automakers fell after Volkswagen said it would cut production at its main plant due to a chip shortage. Analysts estimate that the global semiconductor shortage will lead to a 6.3-7.1 million reduction in car output this year, and supply chain disruptions caused by the COVID-19 pandemic will affect the auto industry next year as well.
WTI crude oil prices decreased by 2.55% on Friday, while Brent crude lost 2.15%. By the end of last week, WTI decreased by 8.9%, and Brent decreased by 7.7%. The oil market is still under the pressure of the global spread of Delta and, as a consequence, a decrease in demand for fuel.
The gold situation remains unchanged. As long as the Fed maintains a soft monetary policy, quotes of precious metals will rise. But any hints on the reduction of the QE program will cause a sharp fall in these instruments. A lot will depend on the economic symposium results in Jackson Hole later this week.
The shares of Chinese IT giants are going down as China has passed a new data privacy law that is considered one of the strictest in the world in terms of requirements for companies that collect user data. Another reason is the ongoing trade war between the US and China. Container prices between the US and China have skyrocketed, which will undoubtedly be reflected in higher prices for goods from China. At the same time, the Chinese authorities were able to contain the wave of the Delta strain: no new cases of infection were detected in the country on August 23. As a result, Asian stock indexes slightly increased at the opening on Monday. However, the situation with the epidemic in other Asian countries is only getting worse.

GBPUSD

XAUUSD on a real cent account,which is my demo account ,I always use real money

Always keep an eye on the DXY - US Dollar index and the Treasury bonds (especially when trading gold)

Nice one. Gold +53

Breath-taking sell....it came back to your boxed zone,by any chance,did your MACD give bearish divergence at that peak?

You're 53 not out,keep the innings strong! Probably you're a good to send as an opening-batsman,then you have to decide which format: test,one day or T20

Speaking of the zone Alan,on HTF swings (like those 1-2-3 points),there is this 5-mins strategy to capture the real deal at turning points,I did a course about that using breakout and bear/bull divergences with the RSI.I think its the best way using an indicator and defying LAG.When prices are closed,there can be no lag/time difference/time-decay,whatever you want to call it,when compared to real time price.I will explain the 5-mins strategy in due time.

macd divergence just before the peak boss.

GBPUSD - Getting ready to do something after a strong cup of coffee,lets check PA along the zones

EURUSD - It's been a good day,GDP put the icing on the cake

Thursday
The US Final GDP data release will be the center of attention on Thursday. Traders should also pay attention to the weekly US Initial Jobless Claims, which indicates the dynamics of the labor market recovery. The annual economic symposium will begin in Jackson Hole. Traders and investors should keep a close eye on this event.

1. Jackson Hole Symposium (Day 1);
2. Eurozone ECB Publishes Account of Monetary Policy Meeting at 14:30 (GMT+3);
3. US GDP (q/q) at 15:30 (GMT+3);
4. US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
5. US Natural Gas Storage (w/w) at 17:30 (GMT+3).

XAUUSD
I missed the opportunity at early Asian session when it fell,would have been much more gain,2 trading sessions left for today,I never run down price.If its gone so be it....lifetime of trading time ahead

US Dollar Index (DXY)

XAUUSD - 50 pips

The chart below is that 5 mins type I use for trading swings/scalping on smaller time frames. 50 EMA with the RSI (for the purpose of diversion)
Also at the strategy description Post #1 ,123 patterns can be used as well,depends on what is understood clearly by each trader's style.