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  • #401
  • Jan 23, 2024 7:38pm Jan 23, 2024 7:38pm
Quoting sonicvista12
{quote} Hi Inthebox, just looking at your AUDUSD M15 chart there, and noting how they use 25 pip 'boxes' to work the levels - your 0.79% fib level is also pretty much 0.6575; it then went up to 0.6600; then dropped nearly 50 pips to 0.6550-ish. I think AUDUSD is possibly the currency pair that respects the 25 pip 'boxes' / inside ranges the most ... and then on ltf the 12.5 pip increments, and so on... {image}
my style is that i entry at a support and end at a resistant.
this pair had been slow moving and ranging for the past 3 days and yet i was aiming for the high of day.
on hindsight a quasimodo (an engulfing formation) had formed in line with the left shoulder.
i could have noted a double resistant there.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #402
  • Jan 23, 2024 7:59pm Jan 23, 2024 7:59pm
Quoting Inthebox
{quote} my style is that i entry at a support and end at a resistant. this pair had been slow moving and ranging for the past 3 days and yet i was aiming for the high of day. on hindsight a quasimodo (an engulfing formation) had formed in line with the left shoulder. i could have noted a double resistant there. {image}
AU: LTF (1H or lower) is in a mess. However, 4H and Daily are showing a bearish possibility, IMO.

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Success = Practice + Patience + Persistence
  • #403
  • Jan 23, 2024 8:24pm Jan 23, 2024 8:24pm
gold. anyone?
ITB - Seeing Orderliness amongst 'Randomness'
  • #404
  • Jan 23, 2024 8:28pm Jan 23, 2024 8:28pm
Quoting Inthebox
gold. anyone?
yes
  • #405
  • Jan 23, 2024 8:30pm Jan 23, 2024 8:30pm
Quoting Inthebox
gold. anyone?
what's your view?
  • #406
  • Jan 23, 2024 8:33pm Jan 23, 2024 8:33pm
Quoting BDfx77
{quote} what's your view?
bearish
ITB - Seeing Orderliness amongst 'Randomness'
  • #407
  • Jan 23, 2024 8:53pm Jan 23, 2024 8:53pm
Quoting Inthebox
{quote} bearish
I'm not much of a Gold trader these days. There was a bearish rejection at market open.
Short is the right direction for now
Attached Image (click to enlarge)
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Your trade order needs to be in the right place at the right time.
  • #408
  • Jan 23, 2024 8:56pm Jan 23, 2024 8:56pm
I have been Short AU from this morning. Anyone else?
Your trade order needs to be in the right place at the right time.
  • #409
  • Jan 23, 2024 9:03pm Jan 23, 2024 9:03pm
Quoting Islandfx911
{quote} I'm not much of a Gold trader these days. There was a bearish rejection at market open. Short is the right direction for now {image}
i had trade on exact point with engulf Strategy, posted on intothebox tread.. but i confirmed bias by checking line chart.
Thanks
  • #410
  • Jan 23, 2024 9:07pm Jan 23, 2024 9:07pm
Quoting Islandfx911
{quote} I'm not much of a Gold trader these days. There was a bearish rejection at market open. Short is the right direction for now {image}
gold is very temperamental.
when it trends it really trends.
it is very rewarding if one gets it right.
if not going your direction better cut loss fast.
ITB - Seeing Orderliness amongst 'Randomness'
  • #411
  • Jan 23, 2024 9:11pm Jan 23, 2024 9:11pm
Quoting BDfx77
{quote} i had trade on exact point with engulf Strategy, posted on intothebox tread.. but i confirmed bias by checking line chart. Thanks
you had a good entry.
i was late.
ITB - Seeing Orderliness amongst 'Randomness'
  • #412
  • Jan 23, 2024 9:20pm Jan 23, 2024 9:20pm
Quoting Inthebox
{quote} gold is very temperamental. when it trends it really trends. it is very rewarding if one gets it right. if not going your direction better cut loss fast.
Sounds a little bit like my wife
Your trade order needs to be in the right place at the right time.
  • #413
  • Jan 23, 2024 9:22pm Jan 23, 2024 9:22pm
Quoting Islandfx911
I have been Short AU from this morning. Anyone else?
Me too.

That's the only trade, I have taken. Not fancying to other pairs, considering the RED news lined up for the later sessions.

Success = Practice + Patience + Persistence
  • #414
  • Edited 9:49pm Jan 23, 2024 9:27pm | Edited 9:49pm
NZDJPY had nice setup shortly after the open.
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  • #415
  • Jan 23, 2024 9:37pm Jan 23, 2024 9:37pm
Quoting Islandfx911
{quote} Sounds a little bit like my wife
mine is nonchalant, the opposite
so i get to do what i want to do.
ITB - Seeing Orderliness amongst 'Randomness'
  • #416
  • Jan 23, 2024 9:44pm Jan 23, 2024 9:44pm
Quoting Inthebox
{quote} mine is nonchalant, the opposite so i get to do what i want to do.
IMO, you hit the jackpot. Freedom without a risk.
Success = Practice + Patience + Persistence
  • #417
  • Jan 23, 2024 9:50pm Jan 23, 2024 9:50pm
Quoting fxpider
{quote} IMO, you hit the jackpot. Freedom without a risk.
yes in a way.
but sometimes you want to discuss deeper things ..............
almost like talking to a wall.
ITB - Seeing Orderliness amongst 'Randomness'
  • #418
  • Jan 23, 2024 9:52pm Jan 23, 2024 9:52pm
Quoting Inthebox
{quote} bearish
update. at roadblock support.
will see whether it's a weak one.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #419
  • Jan 24, 2024 12:14am Jan 24, 2024 12:14am
Quoting Inthebox
{quote} update. at roadblock support. will see whether it's a weak one. {image}
Hey ItB .. is this a line chart ? Can't tell/compare since I don't trade gold.
If so...Is the Line based on closing price or is it tracking wicks ?
  • #420
  • Jan 24, 2024 12:35am Jan 24, 2024 12:35am
Quoting Lou
{quote} Hey ItB .. is this a line chart ? Can't tell/compare since I don't trade gold. If so...Is the Line based on closing price or is it tracking wicks ?
here we use line chart to spot sr or sd.
ITB - Seeing Orderliness amongst 'Randomness'
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