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  • #36,881
  • Aug 2, 2024 1:07am Aug 2, 2024 1:07am
above no interest of the buyers .
the first ones come before breakfast and cash in.
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  • #36,882
  • Aug 2, 2024 1:16am Aug 2, 2024 1:16am
Today is a crazy day
DAX falls , dollar falls
buy euro an alternative
  • #36,883
  • Aug 2, 2024 1:28am Aug 2, 2024 1:28am
Quoting Fardeen1209
{quote} Decide to let some buy with open TP. {image} Possibilty for price to unfold tonight. Not going to sell but position for more buys. Typical "buy the rumor sell the fact" FOMC. If that ceiling do not hold, saw a post we are going to 2700-2800. I second to it. Goldman Sachs still saying, gold will reach $2600
Gold New high coming
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Max for wave C already trangressed. Now we are playing on Wave 3
There is possibility for $2670. But iam focusing to 2510 first, then swing the rest later.
There is nothing on daily chart to act as obstacle except the BSL!

First nas100, now with gold.
More time in the market, does not mean you trade better!
  • #36,884
  • Aug 2, 2024 1:30am Aug 2, 2024 1:30am
Actually current ATH is already considered a weak high. It will only be considered a strong high. When there is atleast a bearish monthly closure with strong order block.
Likewise if price breaks ATH again. I expect a pop of atleast 200-300 pips before correcting price downwards.
Trading is very lonely
  • #36,885
  • Aug 2, 2024 1:30am Aug 2, 2024 1:30am
Quoting Pro-Nika
im still carrying the sell side There seems to be significant manipulation by bankers at this price level, indicating they are setting up for something. {image} {image}
So bookmap is the bankers' liquidity indicator?
More time in the market, does not mean you trade better!
  • #36,886
  • Aug 2, 2024 1:32am Aug 2, 2024 1:32am
Quoting fxmatters
Get Ready for an ALL OUT WAR ON ISRAEL and to SEE GOLD @ 3000 by MONDAY opening.
you could be right regarding war but in almost all cases the market will have a knee jerk reaction on the hysteria before climbing much higher. If you look at examples of such things, this is always the case.
Que Sera
  • #36,887
  • Aug 2, 2024 1:38am Aug 2, 2024 1:38am
Quoting Fardeen1209
{quote} Gold New high coming {image} Max for wave C already trangressed. Now we are playing on Wave 3 There is possibility for $2670. But iam focusing to 2510 first, then swing the rest later. There is nothing on daily chart to act as obstacle except the BSL! First nas100, now with gold.
I agree that it's wave 3. But as you have marked that we are in 5th wave of this 3rd wave. So this should end around 2480 as 5th wave is equal to wave 1. Just my opinion. Idk how you marked 2510.
  • #36,888
  • Aug 2, 2024 1:46am Aug 2, 2024 1:46am
Quoting Pranjal
{quote} I agree that it's wave 3. But as you have marked that we are in 5th wave of this 3rd wave. So this should end around 2480 as 5th wave is equal to wave 1. Just my opinion. Idk how you marked 2510.
so gold is bullish?
  • #36,889
  • Aug 2, 2024 1:46am Aug 2, 2024 1:46am
Possible Case Scenario: We see 2354 before 2510.
Analyticdave.com
  • #36,890
  • Aug 2, 2024 1:56am Aug 2, 2024 1:56am
Quoting polatok
{quote} Important sr level. If it break then we will see another new high on gold. If price don't break the sr zone then more sale in future. i am on sale side btw.
as predicted before.
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Trend Is Friend
  • #36,891
  • Aug 2, 2024 1:58am Aug 2, 2024 1:58am
Quoting Pranjal
{quote} I agree that it's wave 3. But as you have marked that we are in 5th wave of this 3rd wave. So this should end around 2480 as 5th wave is equal to wave 1. Just my opinion. Idk how you marked 2510.
Per EW theory, for every wave there is a minimum and maximum target.
Initially, like now, i dont know if it will be a minimum or maximum wave target.

So my best case is i take partial profit at minimum target.

Now if there is no shift in market structure and/or if only 3 fractals out of 5 fractals of impulsive waves were unfold at the minimum target, i expect continuation to maximum target, it becomes my next partial profit.
If otherwise, depending on which bigger Wave we are, i either reverse for swing trade or let the market retrace back and re-add to my original swing for continuation.

If you go out there for wave counting, very few actually post chart before it unfolds. In real time, you can only play with fib extension and Price action and fundamental.

Hope that help
More time in the market, does not mean you trade better!
  • #36,892
  • Aug 2, 2024 2:02am Aug 2, 2024 2:02am
Quoting Fardeen1209
{quote} Gold New high coming {image} Max for wave C already trangressed. Now we are playing on Wave 3 There is possibility for $2670. But iam focusing to 2510 first, then swing the rest later. There is nothing on daily chart to act as obstacle except the BSL! First nas100, now with gold.
min for 5th? What is the minimum.. how do you measure it?
  • #36,893
  • Aug 2, 2024 2:05am Aug 2, 2024 2:05am
Quoting Whale
{quote} min for 5th? What is the minimum.. how do you measure it?
Alternate price projection, using the length of 0-3 then place it at extreme of wave 4.
More time in the market, does not mean you trade better!
  • #36,894
  • Aug 2, 2024 2:08am Aug 2, 2024 2:08am
Quoting Fardeen1209
{quote} Alternate price projection, using the length of 0-3 then place it at extreme of wave 4.
ok, good to know.
all odds ate with your prediction.
i think otherwise.
  • #36,895
  • Aug 2, 2024 2:10am Aug 2, 2024 2:10am
Quoting Whale
{quote} min for 5th? What is the minimum.. how do you measure it?
Look how many fib setup i used, each one for different timeframe and wave
Attached Image (click to enlarge)
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Just to not get it wrong. Even after all these sh*t, sometimes i got it wrong.
More time in the market, does not mean you trade better!
  • #36,896
  • Aug 2, 2024 2:13am Aug 2, 2024 2:13am
Quoting Whale
{quote} ok, good to know. all odds ate with your prediction. i think otherwise.
As long as the market structure holds with the projected wave, it is no longer a prediction. The Price builds upon itself. HL,HH,HL,HH.. untill shift in structure/swing failure
More time in the market, does not mean you trade better!
  • #36,897
  • Aug 2, 2024 2:13am Aug 2, 2024 2:13am
Quoting Fardeen1209
{quote} So bookmap is the bankers' liquidity indicator?
Yes, it can be helpful since NBBO data is frequently useful. However, we do not rely on it 100%.
We provide MT5 Bank Level: Join Telegram https://t.me/manwithbank
  • #36,898
  • Aug 2, 2024 2:17am Aug 2, 2024 2:17am
Quoting Fardeen1209
{quote} Per EW theory, for every wave there is a minimum and maximum target. Initially, like now, i dont know if it will be a minimum or maximum wave target. So my best case is i take partial profit at minimum target. Now if there is no shift in market structure and/or if only 3 fractals out of 5 fractals of impulsive waves were unfold at the minimum target, i expect continuation to maximum target, it becomes my next partial profit. If otherwise, depending on which bigger Wave we are, i either reverse for swing trade or let the market retrace back...
On daily chart we are doing 3rd wave.
On 4h chart if we look at this 3rd wave then we are in 1st wave of this 3rd wave .
On 1h chart looking at this 1st wave , we are doing 5th wave of this 1st wave. Which may extend to 2480.
All charts attached.
What fo you think about my projection?
Complexity of ew is that we have to adjust according to each wave.
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  • #36,899
  • Aug 2, 2024 2:17am Aug 2, 2024 2:17am
Quoting Fardeen1209
{quote} Look how many fib setup i used, each one for different timeframe and wave {image} Just to not get it wrong. Even after all these sh*t, sometimes i got it wrong.
i think the last 1:30h moves was a manipulation.
price will fall before the NFP.. traders will buy it again and it will continue fall.

This is what i think (or want).
  • #36,900
  • Aug 2, 2024 2:17am Aug 2, 2024 2:17am
Quoting Fardeen1209
{quote} Look how many fib setup i used, each one for different timeframe and wave {image} Just to not get it wrong. Even after all these sh*t, sometimes i got it wrong.
I agree about the fibo
only apply it to the daily chart.
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