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Quoting emmanuel7788
{quote} XAU Jul12 M30 - price consolidation zone - I took the M30 DBHLC sell setup {image} ...

XAU Jun12 M30 trade closed.

- ran into a 4H SnR and pulled back


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Click to Enlarge Name: XAU Jul12 M30 exit price pulled back 12-7-2024 10-44-30 am.png Size: 17 KB



..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Anybody here willing to make a call on today's open. I'm guessing AU will take off on the news. ???
Quoting Pip_Monk
Anybody here willing to make a call on today's open. I'm guessing AU will take off on the news. ???

AFter last week' US CPI and PMI data mixed,

I wait for Tokyo open in one hour,

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
AU Jul 16 M30 Tokyo 9am

- price action at Daily SnR



...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
EurGbp Jul16

> Big Round Number BRN

H4

-Double Inside Bar ... rejection

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M30
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Gold - L session
-1R
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I like your strategy but I haven't started learning and using it yet, I'm more into smart money, I wanted to share this with you.
@FxArt.Trader Small Drawing Tools for MetaTrader 4 / MetaTrader 5
https://www.forexfactory.com/thread/...2#post14936822
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Theory of Everything is Liquidity...https://www.youtube.com/@FxArt.Trader
Prop Firm Challenge #4 All Time Return: na
gold watching
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ITB - Seeing Orderliness amongst 'Randomness'
AU Jul 22 Tokyo 8am

- a BEEOB price action candle setup candle

- re-test of last Friday' Open and BRN6700

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Click to Enlarge Name: AU July 22 M30 retest of Friday Open and BRN6700 22-7-2024 8-36-24 am.png Size: 24 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
XAU Weekly Jul 22

- last week was a very strong pull-back into the previous week' range
- week 28 is a WCC and this indicates a sideways range bound market
- potential for a bullish breakout and that would invalidate the WCC[28] if this week closes with higher high + higher Close

- what do I trade this week ?
> market fundamentals
> market sentiments

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Click to Enlarge Name: XAU Jul 22 Weekly WCC 22-7-2024 8-43-37 am.png Size: 20 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
AU Jul 22 Tokyo 8am - a BEEOB price action candle setup candle - re-test of last Friday' Open and BRN6700 {image} ...

AU Jul 22 M30 UPDATE Tokyo 2:30pm

- +5R profit is good start to the new week

- +7.5R would be bonus today

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Click to Enlarge Name: AU July 22 M30 5R is good 22-7-2024 1-29-24 pm.png Size: 23 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} AU Jul 22 M30 UPDATE Tokyo 2:30pm - +5R profit is good start to the new week - +7.5R would be bonus today {image} ...

AU Jul22 +8R bonus if you followed the R and R-Multiple trade management rule.

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> today Jul 23, try for +2R minimum ... take and run !



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} AU Jul22 +8R bonus if you followed the R and R-Multiple trade management rule. {image} > today Jul 23, try for +2R minimum ... take and run ! ...

Today' Jul23 M30 sell entry

same setup sell from previous Day Close

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Click to Enlarge Name: AU Jul23 M30 Tokyo 0930 23-7-2024 8-43-10 am.png Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} Today' Jul23 M30 sell entry same setup sell from previous Day Close {image}
Just got out of this entry due to m30 rejection candle. Now I'm bullish. Will post my result when I close.
Quoting bigjjnem
{quote} Just got out of this entry due to m30 rejection candle. Now I'm bullish. Will post my result when I close.
Got stl. Should have taken 1R. All good. Back tomorrow.
Am I doing something wrong.

AUD was bearish. So took a long but it hit my stoploss.

And I am currently in a 14R losing streak.
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Quoting Fantomslayer
Am I doing something wrong. AUD was bearish. So took a long but it hit my stoploss. And I am currently in a 14R losing streak. {image} {image}
I "normally" look at the Daily Candle FIRST for overall direction, for that current day. If it's red, I look for pull back sells, if it's blue, I look for pull back buys. Just gives a "general guideline" as to where price "MAY" be going, currently. Just my thoughts, that's all.
Quoting Fantomslayer
Am I doing something wrong. AUD was bearish. So took a long but it hit my stoploss. And I am currently in a 14R losing streak. {image} {image}
Tough day ...

When trading near any higher timeframe SnR levels, I want to use the H1 and H4 price action to get into the market.

Daily and Weekly SnR are where today' price action is, so better pick a H4 rejection candle.

Weekly
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Daily
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H1
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Fantomslayer
Am I doing something wrong. AUD was bearish. So took a long but it hit my stoploss. And I am currently in a 14R losing streak. {image} {image}
Hello, post 587 if of any use pairs to trade during sessions
Today's trade, +7R
I aimed for 7,5R, but I decided to check how's it going before going to bed, and noticed that it's only 0,5R away from TP, but a risky support may be forming, so the final result is more than enough at this point.
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