Mastering Swing Trading using Market Framework

XAUUSD: LIVE TRADING - You can color code them according to timeframes
Blue TL - H1
Gold TL - H4

Got in late but took the HH after retest

The main event of Wednesday will be the Interest Rate Decision from the Bank of Canada. No surprises are expected. Investors will also focus on Japan’s GDP for the quarter, which will show the recovery dynamics of the world's third largest economy. New York Fed President John Williams, whose statements are followed as much as Powell’s, will speak about the economic outlook. Dallas Fed President Robert Kaplan is also going to give a speech on Wednesday.
Japan GDP (q/q) at 02:50 (GMT+3);
Canada BoC Interest Rate Decision (m/m) at 17:00 (GMT+3);
Canada BOC Press Conference at 17:00 (GMT+3);
Canada Ivey PMI (m/m) at 17:00 (GMT+3);
US JOLTs Job Openings (m/m) at 17:00 (GMT+3);
US FOMC Member Williams’s Speech at 20:10 (GMT+3).

Anyone checking the trading system and unclear how to get a good entry or even analysis,ask questions,I'm here most times,if you have been trading with indicators mostly this might become a bit strange as there are no oscillators or moving averages to check levels and crosses,I've been through all that,it just gets me in too late.

Even some trades here i'm naturally waiting on retracements,then sometimes set pending orders for entry and the one time you move away price decides to make the move

Hi:

Since you mentioned it, I am going to ask a really stupid question. I have been trying to understand this system but there are just too many lines and boxes on each chart.
Basically, you draw a trend line on higher time frame from point 1 to point 2 and when price comes back to point 3 on that trend line you switch to lower time frame and look for that 1-2-3 pattern you mentioned earlier in the thread. Did I get the gist of it right?

You nailed it ,yes......that is the system,very well written,thos lines are when I scalp,entries and exit,reversals and retracements

WORLD INDICES ARE DECLINING DUE TO WORRIES ABOUT A SLOWDOWN IN ECONOMIC RECOVERY
The US stock market closed in different directions yesterday. Industrials, utilities, and real estate sectors showed negative dynamics. At the close of the stock market, Dow Jones decreased by 0.76%, S&P 500 lost 0.34%, but NASDAQ added 0.07%. Walt Disney Company (+1.85%) was the biggest gainer among the components of the Dow Jones index. Moderna shares jumped by 4.72%. Apple increased to a historic high (+1.55%). In the US, unemployment payments will end soon, which could have a significant impact on economic growth. Also, it should be noted that President Biden plans to raise corporate taxes, which will mean a drop in corporate profits. Many economists are inclined to believe that the Federal Reserve will begin cutting the QE program in November. All this consists in the “perfect storm”, which will eventually lead to a drop in major stock indices.
European stock indices closed in the red zone yesterday. The Stoxx Europe 600 composite index of the region's largest companies decreased by 0.5%. The British FTSE 100 lost 0.5%, French CAC 40 decreased by 0.3%, German DAX decreased by 0.6%, Italian FTSE MIB lost 0.7%. The exception was the Spanish IBEX 35, which added 0.1%. Indexes of economic sentiment in European countries are declining, which indicates a slowdown in the economic recovery in the region. The UK government plans to increase the National Insurance Tax to pay for social and health care services. A growing number of business groups and analytical centers oppose this decision since due to labor shortages, such a move threatens to further undermine the prospects for economic recovery.
The situation in the oil market remains uncertain. On the one hand, the sharp decrease of Saudi Arabia's selling prices for Asia and some European countries caused fears of a demand slowdown. On the other hand, good economic data from China and production disruptions in the US limit the decline. Analysts' houses are still forecasting a rise in prices to $80 per barrel by the end of the year.
Gold prices dropped sharply yesterday amid a rise in the dollar index (+0.55%) and rising US Treasury yields (+1.39%). Gold prices are inversely correlated with these indicators. Pressure on prices is also triggered by concerns about the soonest reduction of the QE program, which will undoubtedly lead to a decline in precious metals prices.
China plans to open a new Beijing Stock Exchange. It was announced by the country's leader Xi Jinping. He said that because of the reduction of opportunities for listing on American exchanges, Beijing will refocus on domestic opportunities, which will allow direct investment in promising technological companies. The news boosted shares of Chinese brokerage companies, but shares of companies on competitive exchanges declined. Many investors now fear that competition for the listing companies is inevitable.
Revised Japanese GDP growth data boosted the Nikkei index at the opening of trading on Wednesday. Most other indices opened lower. Australia's main index ASX 200 decreased by 0.32%, China's CSI300 blue-chip index decreased by 0.04% and Hong Kong's Hang Seng index added 0.12%.

USDCAD - BANK OF CANADA - Interest Rate Decision Trade - Looking at USDCAD structure I know where my trade is and where the money is hiding,just needed to extract it,timing is everything on LFT,you can't blink. When you start identifying really good turning point with engulfing patterns sometimes swing #3 isn't,you follow candle by candle.

Decided to drop a scalper to do the job selling,it took profit and exit.

Various statistics for many countries are expected on Thursday. The European Central Bank will update the Monetary Policy Statement. After last week's poor inflation data, some ECB officials are in favor of reducing the QE program. Traders should also watch the weekly US Unemployment Claims data, which is closely monitored by the Fed, and traders should not miss the US Crude Oil Inventories data, which has a significant impact on oil prices.
China Consumer Price Index (m/m) at 04:30 (GMT+3);
China Producer Price Index (m/m) at 04:30 (GMT+3);
Eurozone Marginal Lending Facility (m/m) at 14:45 (GMT+3);
Eurozone ECB Monetary Policy Statement (m/m) at 14:45 (GMT+3);
Eurozone ECB Interest Rate Decision (m/m) at 14:45 (GMT+3);
Eurozone ECB Press Conference (m/m) at 15:30 (GMT+3);
US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
US Natural Gas Storage (w/w) at 17:30 (GMT+3);
US Crude Oil Reserves (w/w) at 18:00 (GMT+3);
Canada BOC Gov Macklem’s Speech at 19:00 (GMT+3).

THE DOLLAR INDEX HAS STRENGTHENED AGAINST THE BACKGROUND OF GOOD JOB OPENINGS STATISTICS
American employers struggle to find workers. As a result, the number of vacancies in the US reached a record high of 10.9 million. The news was positive for the dollar index and negative for the major stock indices. At the close of the stock market, the Dow Jones index decreased by 0.20%, the S&P 500 decreased by 0.13%, and the NASDAQ technology index lost 0.57%. Mostly the negative dynamics were observed in the oil and gas and technology sectors.
John Williams, the representative of the US Federal Reserve Bank of New York, said that the labor market needs significant progress to achieve the maximum goal of the Central Bank. However, he added that it might be appropriate for the Federal Reserve to start cutting the QE program later this year if the economy continues to improve.
Eventually, it is becoming clear that growth in the US economy is slowing. There are plans to raise corporate taxes and reduce the quantitative easing program. Investors should not expect further stock market gains this year and should focus on closing positions and rebalancing their portfolios.
European stock indices also closed in the red zone yesterday. The British FTSE 100 decreased by 0.75%, French CAC 40 lost 0.85%, German DAX dropped 1.5%, Italian FTSE MIB and Spanish IBEX 35 lost 0.75% and 0.6% respectively. All indices finished the day at their lowest levels in the last two to four weeks. Significant declines were also posted by the pharmaceutical stocks, including Novartis (-1.8%), AstraZeneca (-1.8%), and Sanofi (-2.5%). JP Morgan downgraded green energy companies Siemens Gamesa Renewable Energy S.A. and Siemens Energy AG. As a result, the companies' shares lost 8.6% and 8.1%, respectively.
Today, the European Central Bank will publish its interest rate decision and announce further monetary policy plans. It is more likely that nothing will change, but amid high inflation in Europe, there are talks about possible stimulus cuts.
The US Department of Energy slightly lowered its forecast for the price of Brent crude oil for the current year from $68.71 to $68.61 per barrel. OPEC+ crude oil production increase and reduction of global oil demand in response to COVID-19 spread have a negative impact on the growth of quotes.
Against the backdrop of a rising dollar index and rising US Treasury bond yields, the price of gold and silver declined yesterday. Given the fact that the QE program is likely to be reduced this year, investors should not expect a significant increase in precious metal prices.
Japan is going to extend the state of emergency in Tokyo and other regions until the end of this month to curb the outbreak of the virus and prevent hospital overflow. Major Asian indices are still under pressure from the outbreak of the virus in the region and also because investors fear that major central banks will soon begin to cut the QE program, which will lead to a large correction in the markets. At the end of yesterday's trading, Japan's Nikkei 225 index decreased by 0.38%, Australia's ASX 200 index lost 1.01%, Korea's KOSPI decreased by 0.74%, and Hong Kong's Hang Seng index fell by 1.17%, with tech companies declining the most.

That was yesterday/last night levels set to run,that is mastering swing trading at its very best.Of course more profit can be earned :-)

I'm just analyzing your charts and trying to figure out if I need to buy bitcoins now, or wait for their value to drop.

Use the same analysis in the thread,i've never in a trade long term,i take money and get out asap,other traders may have long term trades,no problem at all and i appreciate that,I will send chart later,out getting KFC today its the Colonel's birthday lol

GBPUSD - The week's structure unfolding,sometimes on my chats the swing indicator is off because I see it without being drawn and this levels,horizontal lines give such accuracy at major swing points

Easy gold trade bearish engulfing retest and sell As you can see its not the perfect entry ,late selling on retest,I was lucky to take 32 pips out of the situation
Take a look at it on the M5,notice again how late the entry has been,not good don't practice that.Buy Stop hedge in case of reversal

Today's Prices on on XAUUSD: 1793.25 - 1787.76 levels you want to be trading Entry/TP,Price action always powerful there

Look for candlestick patterns which can make a decision on where price is heading

10 pips taken ,another later entry,notice the zone price retested before and after from previous post

THE DOLLAR INDEX CONTINUES TO STRENGTHEN, SENDING MAJOR STOCK INDICES DOWN
Last week, investors focused on the release of the ECB's monetary policy plans. The European Central Bank left the interest rate unchanged and slightly raised its inflation target this year. But the ECB will likely start to reduce its stimulus program in the next quarter. Such news had a negative impact on the US market as well. Also, investors are now inclined to believe that the Federal Reserve will follow its colleagues from Europe and start cutting its quantitative easing program next quarter as well. A lot will depend on inflation data released this week in the USA, Canada, Great Britain, Europe, and Japan.
The US stock market finished Friday's trading with a decline amid negative dynamics from the utilities, technology, and health care sectors. Dow Jones index lost 0.78% (-2.24% for the week) reaching a monthly minimum, S&P 500 decreased by 0.77% (-1.63% for the week), NASDAQ index lost 0.87% (-1.29% for the week). Apple shares were the biggest fallers among the Dow Jones components, falling by 3.3%. It becomes clear that investors and hedge funds are cutting their positions now.
US Democratic senators have proposed imposing a 2% tax on the amount that public companies spend on stock buybacks. Given the Democrats' plans to substantially increase taxes on large corporations, such rhetoric puts negative pressure on major US stock markets. On the other hand, tax benefits for electric vehicles will be expanded.
The main European stock indexes closed in the red zone on Friday. The only exception was the British FTSE 100 index, which increased by 0.07%. But by the end of the week, the index lost 1.53%. German DAX lost 1.32% at the end of the week. The correlation between the American and the European indices is clearly seen again. Considering the fact that the ECB plans to start cutting back its stimulus program in the next quarter, traders should not expect significant growth of the main European indices.
Oil prices increased to $73 a barrel on Friday, helped by growing signs of a US inventory shortage in the wake of Hurricane Ida and the hopes for a renewal of trade between the US and China, which boosted riskier assets. Two OPEC+ sources said Monday the group would lower its 2022 oil demand growth forecast as the spread of the Delta virus casts doubt on fuel demand growth.
Asia-Pacific stock indices opened the trading week lower, following Friday's negative performance by US indices last week. Japan's Nikkei 225 index has already lost 0.3% since the opening session, Hong Kong's Hang Seng index decreased by 2.2%, China's Shanghai Composite decreased by 0.2%, South Korea's KOSPI lost 0.5%. In Japan, the PPI index increased by 5.5% in August compared to the same period of the previous year. Shares of Chinese technology companies are falling again amid increasing control by the authorities. Regulators have strongly warned internet platforms not to try to bypass recently introduced restrictive measures.

INVESTORS ARE WAITING FOR INFLATION DATA IN THE US AND EUROPE
The US stock indices closed in the green zone yesterday. The Dow Jones added 0.76%, the S&P 500 increased by 0.23%, while the Nasdaq Composite technology index slightly decreased by 0.07%. On the one hand, the market was positively influenced by the investors' expectations that inflation would not accelerate and the Federal Reserve System and the US government would continue to support the economy. On the other hand, Patrick Harker, head of the Philadelphia Fed, also wants the central bank to start cutting stimulus as soon as this year. It also should be noted that statistically, September and October are weak months for the major US indices. The indices tend to drop before winter and then experience a bullish rally for Christmas.
European stock indices also closed in the green zone due to an increase in energy companies' shares amid higher electricity and oil prices. The British FTSE 100 index added 0.6%, French CAC 40 increased by 0.2%, German DAX jumped by 0.6%, Italian FTSE MIB added 0.9%, and Spanish IBEX 35 jumped by 1.4%.
Commodity prices are rising again. European gas and electricity prices have set new records, while commodity prices are on the verge of exceeding ten-year highs. This threatens faster inflation, higher consumer spending, and pressure on central banks to limit the massive stimulus measures underlying much of the rise in commodity prices. Aluminum and steel prices have also resumed growth. OPEC+ officials see higher demand for oil this year and next.
Gold prices are trading around $1800 per troy ounce. Gold has lost some ground over the past 7 days as the dollar index and US Treasury bond yields increased. Traders should not expect the precious metals prices to grow substantially till the end of the year, and gold and silver are likely to lose their prices sharply if the "tapering" is announced.
Asian stock indices showed different dynamics yesterday. Australia's ASX200 index decreased by 0.31%, China's CSI300 blue-chip index decreased by 0.2%, but Tokyo's Nikkei 225 added 0.72%. Hong Kong Hang Seng Index and Chinese CSI300 have already lost 1.21% and 1.51%, respectively, since today’s opening. Alibaba Group Holding decreased by 1.6% yesterday. The Chinese authorities intend to split the Alipay payment service, which has more than 1 billion users. Beijing demands to separate Huabei and Jiebe online lending services into an independent business, attract outside shareholders, and create a separate application for these operations.
There is a new Delta outbreak in southeastern China. In just four days, 102 cases were reported in three cities in Fujian province with a population of 5 million. This is not much for the density of this region, but local authorities have already taken restrictive measures.
The head of the Reserve Bank of Australia (RBA), Philip Lowe, said that restrictions due to the coronavirus would cause a sharp decline in the economy this quarter but expressed confidence that activity would quickly recover after removing restrictions in the next quarter. Also, Philip Lowe confirmed that interest rates would remain low until 2024.