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  • #25,581
  • Jan 10, 2024 7:59pm Jan 10, 2024 7:59pm
Quoting aahmad29
{quote} Yes it is pending order "Sell Stop"
Thank you.
  • #25,582
  • Jan 10, 2024 8:20pm Jan 10, 2024 8:20pm
Quoting aahmad29
{quote} Yes it is pending order "Sell Stop"
Hi Ahmad, what's your trading idea/analysis on GU and EU
  • #25,583
  • Jan 10, 2024 8:33pm Jan 10, 2024 8:33pm
Quoting Largeman
{quote} Hi Ahmad, what's your trading idea/analysis on GU and EU
This method ( FIBO LEVELS BASED ON VOLATILITY) is not predicting the direction of future movement based on technical and fundamental analysis. This method is to find movement in the case of certain volatility so you can say that it is pure price action. Fibo levels are used to find the range and target of certain volatility.

I haven’t applied this method to EU and GU. But yes I closed long position in very good profit on EJ. This method needs too much work and I have to update price levels every day. But very soon I am going to apply this method to your given instruments and will post in their threads.

To my knowledge some traders use this method in their swing trading but I do not know that how they evolve this method to swing trading.

Hopefully this weekend I will start posting fibo levels in EU.
Love for all; Hatred for none.
  • #25,584
  • Jan 10, 2024 8:42pm Jan 10, 2024 8:42pm
Quoting aahmad29
{quote} This method ( FIBO LEVELS BASED ON VOLATILITY) is not predicting the direction of future movement based on technical and fundamental analysis. This method is to find movement in the case of certain volatility so you can say that it is pure price action. Fibo levels are used to find the range and target of certain volatility. I haven’t applied this method to EU and GU. But yes I closed long position in very good profit on EJ. This method needs too much work and I have to update price levels every day. But very soon I am going to apply this...
Aiiiite man. Thanks brother
  • #25,585
  • Jan 10, 2024 9:12pm Jan 10, 2024 9:12pm
Quoting Jonas4
{quote} Not without a pullback. And that's all you need to make money, in and out the retracement. 17 straight up candles of M5 today from 2024 to 2034, can you guess what happened next? A pullback with profit. Did it go higher? Of course, it kept going to 2040, and can you guess again what happen there?
Attached Image

See, it did it again. 10 up candles on 30M. I began adding shorts at the 8th candle, had enough margin for 5 more up candles, but it pullback as expected and made me a lot of money.

Martingale strategy works proven you have enough margin and don't enter too soon.

You don't really need chart analysis to understand when the price is high, and when it's low.
  • #25,586
  • Jan 11, 2024 12:51am Jan 11, 2024 12:51am
My view on Gold
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  • #25,587
  • Jan 11, 2024 12:52am Jan 11, 2024 12:52am
Quoting Jonas4
{quote} {image} See, it did it again. 10 up candles on 30M. I began adding shorts at the 8th candle, had enough margin for 5 more up candles, but it pullback as expected and made me a lot of money. Martingale strategy works proven you have enough margin and don't enter too soon. You don't really need chart analysis to understand when the price is high, and when it's low.
but doji neither bullish no bearish.., imo
dolce vita
  • #25,588
  • Jan 11, 2024 1:01am Jan 11, 2024 1:01am
2028.98 is a middle of daily
DeMark's DR1 at 2032.15 and price is slightly above
and ADX(10) on M30 shows trend UP
will it continue after LO (in one hour).., or
dolce vita
  • #25,589
  • Jan 11, 2024 1:21am Jan 11, 2024 1:21am
I'm still waiting for 2043 .
Those who dare to fail miserably can achieve greatly.” ~ John F. Kennedy.
  • #25,590
  • Edited 8:43am Jan 11, 2024 1:22am | Edited 8:43am
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  • #25,591
  • Jan 11, 2024 3:00am Jan 11, 2024 3:00am
Attachment g
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  • #25,592
  • Jan 11, 2024 3:00am Jan 11, 2024 3:00am
Quoting babayaga
2028.98 is a middle of daily DeMark's DR1 at 2032.15 and price is slightly above and ADX(10) on M30 shows trend UP will it continue after LO (in one hour).., or
2029.28 is a middle
dolce vita
  • #25,593
  • Jan 11, 2024 3:00am Jan 11, 2024 3:00am
SELL XAUUSD

115 pips take profit

33 pips stop loss
ryoiki tenkai : Blue Juggernaut
  • #25,594
  • Jan 11, 2024 4:32am Jan 11, 2024 4:32am
I think it is hitting 2060 and then down
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  • #25,595
  • Jan 11, 2024 5:36am Jan 11, 2024 5:36am
BUY XAUUSD and GBPUSD

144 pips take profit

40 pips stop loss
ryoiki tenkai : Blue Juggernaut
  • #25,596
  • Edited 7:43am Jan 11, 2024 6:02am | Edited 7:43am
Quoting mhmdghaeni
I'm still waiting for 2043 .
same as u. 2028 long, tp at 2042. SL at 2030. waiting 2038 first, then see how
  • #25,597
  • Jan 11, 2024 6:07am Jan 11, 2024 6:07am
Not selling before 2045 area.
Or in second situation break below 2019 area.

Gold is consolidating between 2035 to 2020 area. A lot of SL hunting is taking place in this area.
Better avoid trading in this area unless you are a scalper.

Strong Resistance areas: 2035, 2036, 2038.
2045 is only possible if Gold somehow goes through these 3 major strong resistance areas to break consolidation.
Otherwise, CPI will push Gold downwards and we might see a break out below 2020-19 support which will indicate to the continuation of downtrend at least to the support at 1980-79.
Secret to the Price Action is Liquidity.
  • #25,598
  • Jan 11, 2024 6:12am Jan 11, 2024 6:12am
Cpi good unemployment claim bad , volatility sweeping buy and sell then further DXY leakage
supply and manipulation, demand will continue later
ryoiki tenkai : Blue Juggernaut
  • #25,599
  • Jan 11, 2024 7:26am Jan 11, 2024 7:26am
Quoting Jonas4
{quote} Not without a pullback. And that's all you need to make money, in and out the retracement. 17 straight up candles of M5 today from 2024 to 2034, can you guess what happened next? A pullback with profit. Did it go higher? Of course, it kept going to 2040, and can you guess again what happen there?
Why chase the pullback when you can just go with the momentum which is where the bulk of the profit is?
  • #25,600
  • Jan 11, 2024 7:44am Jan 11, 2024 7:44am
Quoting TingKS
{quote} same as u. 2028 long, tp at 2042. SL at 2030. waiting 2038 first, then see how
auto closed at 2042. I shorted again from 2035 to 2029. done my day today.
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