Consistency will bring everything...Be good.
- Joined Sep 2009 | Status: Member | 240 Posts
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
DislikedIf h1 closed under red line, i think thats time looking for bull momentum, but looks like its will be deep enough, because h1 still have strong bear candle. I think its need 2 or 3 candle thats closed under the red line. Maybe i'm wrong. {image}Ignored
Disliked{quote} Gold usually tends to move in zones, if you understand those zones then it would be much easier to identify entry and exit points {image}Ignored
Disliked{quote} Seems like those lines are really helpful. 1. What are the lines? 2. How to make it? 3. How to determine the slope? 4. How to determine the number of lines? 5. How to determine the distance between the lines? Your explanation will mean a lot to us, especially to me.Ignored
Disliked{quote} Well first of all you need to get your eye used to identifying such trendlines, all what you need to do is open 4hr chart (gmt+2), try to connect support with resistance for the past few days and then copy the same line on other supports and resistance Important note: this is applicable only when market is moving in range, once the range is broke you need to look for new trendlinesIgnored
DislikedWe are currently in a bull flag in smaller TF, once broken then only bullish momentum will be begin {image}Ignored
Disliked{quote} Is that why you think buy more safely at 1797 for clearly last wave? That's sound reasonable for me... Thanks sharing your analyze. Green pips to youIgnored
Disliked{quote} Thank you very much for your explanation, hopefully useful for all of us. I'll try to use it.Ignored
Disliked{quote} Hi fx master, why is gold not shooting up, I don't understand???. Any ideas pls, thanks in advanceIgnored
Disliked{quote} Well I have mentioned 1797 as it will mark 38.2 retracement from lowest point yesterday 1779 to 1808 on 4hr chart, on smaller TF 15/5 min we had a pull back. For me price always retraces on all TF, the moment it retraces the chances are higher of continuation. The problem is if price continued up with touching 1797 then once we have the retrace, the drop will be much bigger similar to what happened from 1834 to 1781.Ignored