Mastering Swing Trading using Market Framework

Yo boss,

Am I right in saying a good 123 pattern occurs at the fibo levels 23.6 up to the 61.8 ? Beyond that its a reversal.

Yes correct,as long as price action plays an important part at those levels you'll surely have 123 existing there,I don't disregard fibs,it can be use very wisely

XAUUSD The hunter becomes the hunted! Hedging on that zone.

Never burn the bridge that you once crossed,its right right there you have to return! That is the story with Gold when a breakout happens,its needs to return at the source only then price action speaks

XAUUSD - kiss of death

Nice trading boss man. Not going so well for me today. Obviously some small detail I am missing.

I will explain everything in detail...any problem always a solution

GU Caught me going short and the thing takes off northwards. -30. Now going long

I think this GBPUSD chart up up overnight and price just moulded itself into action from London open and the overlap,those contact points on TL,head to LTF you'd have some good entries 123 patterns for going long,we see that shorts were not possible according to the structure.The chart was sent to telegram,sorry I didn't upload here,maybe forgotten.

Look at the M5 BUY That's how you make money in forex,zero drawdown entry as a little retail trader,TP day in day out....

EURUSD - Like good old fine wine,it gets better with time

BEFORE & AFTER

US STOCK INDICES CLOSE AT NEW ALL-TIME HIGHS AGAIN
Yesterday, the S&P 500 and Nasdaq closed at record highs. The Dow Jones index increased by 0.09%, the S&P 500 added 0.15%, and the Nasdaq jumped by 0.52%. Investors are waiting for Friday’s speech by Fed Chairman Jerome Powell. The July FOMC minutes suggest that the Fed could start cutting QE by the end of the year. However, there is a high probability that Mr. Powell may refrain from talking about cutting QE because of the spread of Delta and the fact that Fed officials aren’t unanimous about this issue.
New home sales in the US increased in July after a three-month decline, but housing market dynamics are slowing since the rise in housing prices against the background of a limited proposal displaces new buyers from the market.
Major European stock indices were trading flat yesterday despite positive statistics from Germany. Germany’s GDP increased by 1.6% in the second quarter. On an annual basis, Europe's largest economy grew 9.4%, leaving economic activity 3.3% below the pre-crisis level. The European economy is now recovering at a slightly faster pace than the US economy. The German DAX index increased by 0.3%, and the British FTSE 100 added 0.2% yesterday. At the same time, France's CAC 40 decreased by 0.3%, Italy's FTSE MIB decreased by 0.1%, and Spain's IBEX lost 0.2%.
Investors are now buying gold, silver, and other commodities as they do not expect Jerome Powell to announce this week that the Fed will cut the QE program. The Fed's soft monetary policy contributes to an upward trend in commodity markets.
Oil prices have been rising for the 2nd session in a row. On the one hand, the growth of the quotes is affected by the fact that the US regulatory authorities have fully approved a vaccine against COVID-19. It will reduce the spread of Delta and lead to a resumption of demand for fuel. On the other hand, the epidemiological situation in Asian countries (except China) remains very difficult, which clouds the prospects for a quick demand recovery.
China's central bank increased short-term injections into the financial system to calm market worries about the reduction in liquidity. As a result, Chinese companies sharply jumped yesterday. Malaysia's consumer price index, which is responsible for inflation, increased by 2.2% in July compared to a year earlier. The number of cases of COVID-19 infection in Sydney reached the highest record on Wednesday. Officials are calling for more vaccinations to stop the wave of hospitalization. In Japan, the situation with the spread of the Delta strain is worsening. According to the Ministry of Health, the country reported 21,500 new daily cases of COVID-19 and 42 deaths on Tuesday. Eight more prefectures were added to the state of emergency, bringing the total number of prefectures under quarantine to 21. The state of emergency will last until September 12.

XAUUSD 1-2-3 BOOM!

Nice going bossman. I am going to review my notes and go back to page 1

Thanks Alan,I have attached the Swing Indicator to post #1,easy connecting the points descending from one time frame to the next.I'm up late today didn't trade much.Any questions just ask.The problem everyone face is coming to the charts late and missing the move,if you do see it later don't chase,be happy you identified the correct move,next time you nail it.When you catch trades open up abnormal risk,well unless you a scalper.

Hello there. New to this thread. I have read it through but I'm a bit confused. I hope you don't mind answering some dumb questions. First off, can you tell me what the square/rectangle boxes are on many of your charts? Thanks.

I think they are areas of interest where price might reverse from and also a junction with SR lines and/or TL. Drawn manually. go to lower TF when price enters the zone.

Thanks for your thoughts on this. Much appreciated.

Is a bit subjective i must admit with regard how we do the lines and boxes but obviously the OP knows how to make money and I am just trying to get into his mindset. The more pictures that he posts the closer we get to doing it right. i can draw lines joining swing points on the chart all day long and it looks a complete mess so be aware that less is more.

Hello TBS....sure,never a dumb question,those refer to 1-2-3 patterns, all connected from previous days,where price has created a low,then higher low,breaking market structure buying in case of a failed downtrend on LTF,since we are looking at HTF swings and labelling them.

XAUUSD
Rejection at levels when price made a decision for direction.At HTF we can see the swings from H1 and up creating points 1/2/3,sometimes even whe 1/2 connected price swings rapidly....inside those points on LTF ,this is what can be seen

Thanks for clarifying. I like what I'm seeing but if I'm totally honest, I still don't quite understand some of the comments in the original posts. Perhaps I could ask more questions about what I'm finding confusing?