Mastering Swing Trading using Market Framework

The important TL on gold today drawn on the H1 chart. Still learning this myself.
Price gets near your TL drop to LTF and look for reversal patterns

Welcome and its good having you Dexter97,thanks you coming,hope you enjoy

The overnight sell on XAUUSD now a retracement back to where price came from,just before 1789/1792,we might see lower prices if price fail to break the upper zone

The #1, #2 and #3 connection points on a HTF chart are not the same as the 1,2,3 wave we look for on the LTF chart. Am I correct in this understanding? Cheers!

There be some serious candles going on there. Is is the Fed chair speech?

Yes J.P has a speech at 10am as well as Jackson Hole Symposium. I will reply to all questions soon.

https://www.fxstreet.com/economic-calendar

TODAY, ALL INVESTORS' ATTENTION IS FOCUSED ON THE JEROME POWEL'S SPEECH ON THE RESULTS OF THE SYMPOSIUM IN JACKSON HOLE
The number of initial jobless claims in the US slightly increased to 353,000 from 349,000 last week. But these figures are still at pre-crisis levels, indicating a stable labor market situation. US GDP year-on-year increased to 6.6% (previous 6.5%), although this is below economists' expectations of 6.7%. The head of the Fed, Jerome Powell, will give a speech today following the symposium in Jackson Hole. This verbal intervention may increase the volatility in the financial markets. If nothing will be mentioned about the reduction of the QE program or if Mr. Powell will indicate that it is too early to speak about it and better labor market numbers are needed, the dollar index will rally down, and stock indices will jump. And vice versa, if Mr. Powell says that the QE program reduction is scheduled to start this year, in this case, the dollar index will jump sharply, while the stock indices will go down. Analysts believe that the central bank will seek to begin reducing monthly bond purchases this year to avoid having to catch up with the market later and risk more aggressive steps to curb inflation.
Investors were cautious in the stock markets yesterday, with some investors starting to trim their portfolios, which caused a short-term decline in indices. As a result, the S&P 500 decreased by 0.58%, the Dow Jones lost 0.54%, and the Nasdaq fell by 0.6%.
Thursday's US military losses were the first in Afghanistan since February 2020 and represented the deadliest day for US troops in a decade. Some critics blamed Joe Biden for the hasty evacuation that threatened the lives of Americans in Afghanistan providing security at the Kabul airport.
Ahead of Mr. Powell's speech, European stock indexes also decreased yesterday. The Stoxx Europe 600 composite index of the region's largest companies lost 0.32%. The British FTSE 100 index decreased by 0.35%, German DAX lost 0.16%, French CAC 40 fell by 0.42%. Spanish IBEX 35 and Italian FTSE MIB fell by 0.94% and 0.76%, respectively. Deutsche Bank shares decreased by 2.3% on news of an inspection of the bank's unit by the US Securities and Exchange Commission (SEC) on information that the bank exaggerated its use of ESG criteria in investing. The EU is considering reintroducing restrictions for US tourists visiting European countries. On the back of this news, stocks of European tourist companies fell yesterday.
Oil rising in price and finishing the week with a steady increase. The Chinese authorities were able to contain the wave of delta strain, and analysts at Goldman Sachs and UBS still expect oil prices to rise until the end of 2021, as the supply on the market will be insufficient.
Gold added 0.15% yesterday, hitting $1,793.60 per troy ounce. Gold and silver price dynamics are highly dependent on the dynamics of the dollar index and US Treasury bond yields. If the Fed keeps its soft monetary policy, gold prices will continue to rise. On the contrary, if the Fed announces cuts to its QE program this year, gold could see large sales.
Retail sales in Australia fell in July due to the spread of the delta strain. The New Zealand dollar slightly decreased after the country's prime minister announced a quarantine in Auckland, the country's largest city, which is likely to remain in place for another two weeks.

You had more opportunities down the road,the fact that BE got hit means your MM system works,congrats most times we are expecting a full run to 2:1,3:1 and it simply may not happen the first time take 1:1 and as price retrace get in as long as lows are still valid,that's the good reason drilling into M1 TF so much chances on the same move down.

You're a Marksman :-) that I like about you,never let a BE or losing trade get you down,re-load and continue the battle,very good

On H4 price might just breach the TL with a wick and on H1 broken,this is why H1 and H4 lines show a sign of price not going where we think and can act swiftly on reversals at m1,M5

The entry could be done on H1 TF as right here visible,or at LTF 123 pattern.there is a reversal morning star there, blue bullish candle failed to close lower than previous candles in the swing.This give us the chance of buying on H1 about a few pips higher than the closed price.The previous swing failed to go lower at #2 and the present H1 candle ,closed above that as well.

Good explanation,so much reasons to list there on that failed LL.....Yes,LTF give you the live version of price action.

Yes,multi-timeframe TL....they help with price exhaustion and rejection at the swing points,if 2 HTF are holding price in the zone,usually its a strong reason the swing might be a good one.Some of those white TL are also H1 adjusted when price action changes,that means if a candle exceeds the tangent of point #1 and #2 connected its corrected when candle is closed,placing TL closest to body/wick.We do this because price remember old levels better than us and TL becomes much more accurate in the future

Too many not good it becomes confusing and somewhat seems like indicators on a chart instead lol

This is 1-2-3 pattern we trade on multi-time frames,they are found on all,just getting in early on m1,m5 makes complete sense and allow lower risk and great reward.

TL 123 points are just for validation at levels the market allowing us to analyse in real time as the PA defines itself with trend type manner,by definition books say TL must have 3 contact points,but sometimes 1/2 connected and price shoots off,we have a trade and see this very often.

I've attached a chart below - GU H1 with an H4 trendline. I've drawn what I think are the H1 pullbacks against the H4 TL and arrowed where I think you would drop down to the lower TF to look for a 1,2,3 entry. Does this look correct? Thanks!

This is the M1 chart and a possible entry based on the previous H1 chart?

Thoughts? Thanks!

i have got my H4 lines as shown boss.

Also multiple possible trades within the H4 trend lines. Correct me if I am wrong OP boss. We need 2 points of contact to make a TL

Swing #3 on that TL was virtually created a long time now,its just price never reacted until 1:00 - 2:00 broker time as the vertical line suggests.
At 2:00 you want to be searching LTF,what if price never keeps dropping???????? Look at what it took for those 2 TL to making #3 a possibility and high probability swing trade.

Thanks Alan!

I drew the H4 ascending TL recently as it had broke structure with a HL/HH.

Here is what I saw:-