The Long and Winding Road of Trading Journey
- #362
- Edited 11:39am Feb 14, 2022 11:13am | Edited 11:39am
{quote} News in 10min, gonna be fun.
Also wanted to enter after fridays high grab (1865.5), but didnt get any clear BOS (as seen on the left side).
Instead just a buildup of liquidity (equal lows/double/triple bottom) for later to drop harder I guess.
My gold 1m executions based on round number & double top liq grab (not so beautiful but better than nothing) + BOS few minutes before news (ICT structure shift + FVG fill). And then some more lower risk scalings as price moves with trailing SL as usual.
{quote} Slowing down .. too bored to wait right now, but still expecting more downside - good time to take something off / trail SL if short. Also wanted to enter after fridays high grab (1865.5), but didnt get any clear BOS (as seen on the left side). Instead just a buildup of liquidity (equal lows/double/triple bottom) for later to drop harder I guess. My gold 1m executions based on round number & double top liq grab (not so beautiful but better than nothing) + BOS few minutes before news (ICT structure shift + FVG fill). And then some more lower...
Getting really close to my max pain level, watching closely, every 1m candle out of curiosity since NY start.
If the 1m structure doesent change now or tomorrow then theres no reason to short.
If we get a nice doji daily close today, tomorrow should offer some really nice opporutinites for shorting, assuming we made weekly candle high (so alot of pips to catch) - just some thoughts.. ^^
4h + 1m combo
- #364
- Edited 3:34pm Feb 14, 2022 3:13pm | Edited 3:34pm
{quote} Gold .. another liq. grab or structure break? Getting really close to my max pain level, watching closely, every 1m candle out of curiosity since NY start. If the 1m structure doesent change now or tomorrow then theres no reason to short. If we get a nice doji daily close today, tomorrow should offer some really nice opporutinites for shorting, assuming we made weekly candle high (so alot of pips to catch) - just some thoughts.. ^^ 4h + 1m combo {image}{image}
Going shorts only when whole market is BULLISH (I actually thought we gonna drop but still too early) and still ending the day with a positive gain just by using right zones & key levels - one of the best practises & battles with Yourself to really master the scalping and getting rid of the emotional side!
Gold 1m price action practise illustration (another example of having the "wrong bias" but still banging some $$) - reason for every entry and TP wrote down on the charts, true power of liquidity & imbalances with a bearish ("currently wrong still") bias when market is bullish, just by using right zones when to get out & in and looking at candlesticks as a guide.
So much zero drawdown and quick breakeven options + small & big profits if You know what Youre looking for.
Today market offered for nearly 100 pip run straight to go into opposite side when actual structure was bullish and then another 20 pip run (picture below), just in NY session. London + Asia offered another 170+ pips towards "wrong direction".. now imagine how much You can do if You get the direction "right".
Todays gold using the daily + 1m QM pattern along with ICT structure shift + FVG entry in confluence with Frankfurt/early London session, pretty basic.
TP-d a bit too early and left a big engulfing (10+pips on the table), but its fine still, cant get it perfect all the time.
Patiently waited for the session to kick and then put first position on the table after price picked up more orders inside FVG with big wick close,
Scaled in some more & moved SL with structure after another gap got filled till first target got hit.
Gold 1m chart & 20 pips rundown (simple low hanging fruit) in 30min.
TP-d a bit too early and left a big engulfing (10+pips on the table), but its fine still, cant get it perfect all the time.
Patiently waited for the session to kick and then put first position on the table after price picked up more orders inside FVG with big wick close,
Scaled in some more & moved SL with structure after another gap got filled till first target got hit.
Gold 1m chart & 20 pips rundown (simple low hanging fruit) in 30min.
- #367
- Feb 15, 2022 2:10am Feb 15, 2022 2:10am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #368
- Feb 15, 2022 2:18am Feb 15, 2022 2:18am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
Russia: Southern, Western armies returning to bases: TASS https://twitter.com/C_Barraud/status...97707650031618
Looking at twitter, social media etc I see most people are seeing were breaking out of this squeeze upside (so I really wanna believe were not) instead I see nice weekly QM that grabbed previous swing high into weekly + daily ob and ready to move downside, looking at monthly also we got pretty weak higher highs, reminds me of BTC chart before 50% drop from ATH..
Lower timeframe showed a nice rejection with a nice clean structure breaks in confluence with news finally.. so Im waiting for NY to make 50% retracement atleast to get in with some shorts possibly and then there is the 1840-1850 gap to fill still as first simple target.
gold weekly
- #370
- Feb 15, 2022 3:43am Feb 15, 2022 3:43am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
{quote} "Units of the Southern and Western military districts, having completed their tasks, have already begun loading onto rail and road transport and today they will begin moving to their military garrisons," a defence ministry spokesman said in comments carried by Russian news agencies. do not know how far their military bases are. what about those to the north and east? according to ict d1 taken buy side liquidity to head towards sell side liquidity. whether price reaches there or not is another matter. i see equal low there. as we see that...
gold 30m potential moves
{quote} Thanks, appreciate Your reply, so Im on right track still hopefully .. waiting for one more structure break to get that extra confirmation and then atleast 50%+ retracement back to go short. If no more structure breaks (NY has that potential to break that low then retrace) then can be still valid entry as theres 2 structure breaks already, just that first entry position (swing trade) will be with a lower risk and wider stop with also a possible idea in mind that we still might grab Asia and/or London high as well before heading down. gold...
- #373
- Edited 3:17am Feb 17, 2022 3:04am | Edited 3:17am
{quote} 786 Fib, BB, QM & FVG confluences - limit entry triggered, now patiently waiting .. as FOMC goes on {image}
Stopped out as we got massive spike up, now revaluating and waiting for NYO and maybe even a potential big figure 1900 - still a weekly QM in play.
Also: Ukraine crisis: Russian claim of troop withdrawal false, says US - BBC News.
gold 1h
- #374
- Feb 17, 2022 5:47am Feb 17, 2022 5:47am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #376
- Feb 17, 2022 8:54pm Feb 17, 2022 8:54pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #377
- Feb 17, 2022 9:29pm Feb 17, 2022 9:29pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #378
- Feb 17, 2022 10:03pm Feb 17, 2022 10:03pm
- Joined Apr 2020 | Status: Offline | 3,298 Posts
not only applied to trading, also to life in general. sitting tight when looking for good set up. also sitting tight when losing, when external situations fluctuate, circumstances that are not within one's control. "excellence is an art won by training and habituation .......... virtues are formed in man by his doing the actions, we are what we repeatedly do. excellence then, is not an act but a habit. it is not one swallow or one fine day that makes a spring, so it is not one day or a short time that makes a man blessed and happy." ~aristotle~...
"Exchange of hands"
- #379
- Feb 18, 2022 5:29am Feb 18, 2022 5:29am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #380
- Feb 19, 2022 5:51am Feb 19, 2022 5:51am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'