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  • #37,941
  • Aug 13, 2024 3:52am Aug 13, 2024 3:52am
Quoting pedro319
{quote} Pullback only, this time I don't think top will stay. Grab some liquidity for the next go at it, geopolitical tensions and other bits support Gold.
D1 10 yr drop also supportive of Gold.
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  • #37,942
  • Aug 13, 2024 3:55am Aug 13, 2024 3:55am
from h4 perspevtive still juicy looks 2405 for deep pullback but but price can pull up from 2450-2445
People don't plan to lose. They lose because they don't plan.
  • #37,943
  • Edited 4:07am Aug 13, 2024 3:56am | Edited 4:07am
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Don’t focus on making $$$, focus on protecting what you have.
  • #37,944
  • Aug 13, 2024 4:07am Aug 13, 2024 4:07am
Long gold 2460
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  • #37,945
  • Aug 13, 2024 4:10am Aug 13, 2024 4:10am
Just removing the clutter and staring at the candles here. It does not take a genius to look at gold and see this daily formation is not bearish. I expect a push into 25xx
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TechKnow
  • #37,946
  • Aug 13, 2024 4:14am Aug 13, 2024 4:14am
Quoting Techknow
Just removing the clutter and staring at the candles here. It does not take a genius to look at gold and see this daily formation is not bearish. I expect a push into 25xx {image}
Clearly bullish, but the depth of this retracement is the question innit
Fate goes ever, as fate must.
  • #37,947
  • Aug 13, 2024 4:15am Aug 13, 2024 4:15am
Quoting Techknow
Just removing the clutter and staring at the candles here. It does not take a genius to look at gold and see this daily formation is not bearish. I expect a push into 25xx {image}
That as we stand is neither bearish nor bullish, consolidation pattern depends on the breakout or trading inside.
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  • #37,948
  • Aug 13, 2024 4:20am Aug 13, 2024 4:20am
____________ @steffile , Davit's R61 = turned on a fukkin dime
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Don’t focus on making $$$, focus on protecting what you have.
  • #37,949
  • Aug 13, 2024 4:23am Aug 13, 2024 4:23am
Based on my chart we will fly higher than before

Close below my doted line will trigger more down at least until 2450. (Bear not strong enough now)

This kind of movement will kill many scalper be careful
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Stay low, Go fast - No luck, All skill
  • #37,950
  • Aug 13, 2024 4:23am Aug 13, 2024 4:23am
Quoting profits7
____________ @steffile , Davit's R61 = turned on a fukkin dime {image}
  • #37,951
  • Aug 13, 2024 4:24am Aug 13, 2024 4:24am
Quoting axecap
{quote} my H4 looks like this {image}
The difference in closing times doesn't matter. You can learn the formations all the same. However, when I got started to fix the confusion, I had multiple brokers with multiple closing times, and I checked them both for formations. Sometimes, it's easier to spot on one broker than it is on another.
TechKnow
  • #37,952
  • Aug 13, 2024 4:26am Aug 13, 2024 4:26am
Quoting pedro319
{quote} That as we stand is neither bearish nor bullish, consolidation pattern depends on the breakout or trading inside.
I'm just observing the weak rejection from the trend line and the overlying bullish daily candle. I expect some retracement and then a breakthrough.
TechKnow
  • #37,953
  • Aug 13, 2024 4:27am Aug 13, 2024 4:27am
Quoting Techknow
{quote} I'm just observing the weak rejection from the trend line and the overlying bullish daily candle. I expect some retracement and then a breakthrough.
2440 is best area, just wonder if we get it.
I enter before and manage risk, reward is very attractive.
H1
2 Harmonic swings to support.
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  • #37,954
  • Aug 13, 2024 4:30am Aug 13, 2024 4:30am
Quoting pedro319
{quote} 2440 is best area, just wonder if we get it. I enter before and manage risk, reward is very attractive.
I was thinking 38-42 myself, have a pending set a tad higher just to catch it in case.
TechKnow
  • #37,955
  • Aug 13, 2024 4:40am Aug 13, 2024 4:40am
I have put one Buy Limit Order at 2450$.
  • #37,956
  • Aug 13, 2024 4:44am Aug 13, 2024 4:44am
Quoting steffile
{quote}
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Don’t focus on making $$$, focus on protecting what you have.
  • #37,957
  • Aug 13, 2024 4:45am Aug 13, 2024 4:45am
Quoting goldenwizard
{quote} "Everyone's a trader, and most people trade time for money" - Robert Kawasaki
Agreed
  • #37,958
  • Aug 13, 2024 4:51am Aug 13, 2024 4:51am
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  • #37,959
  • Aug 13, 2024 4:53am Aug 13, 2024 4:53am
Quoting pedro319
{quote} 2440 is best area, just wonder if we get it. I enter before and manage risk, reward is very attractive. H1 2 Harmonic swings to support. {image}
I just thought if this two harmonic swings could be ok. And after that you shared yours. I am lucky to can learn from the best!
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  • #37,960
  • Aug 13, 2024 5:07am Aug 13, 2024 5:07am
Quoting Mihisti
{quote} I just thought if this two harmonic swings could be ok. And after that you shared yours. I am lucky to can learn from the best! {image}
We don't need 100% precision, only to narrow down the area where this potential retracement could end.
I use harmonic swings and the 1.618 of AB-CD along with the retracement fib levels.
I advise multi entry strategy or split position for this trade, you don't want to be left out.
Manage your risk properly.
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