New Cable Thread & Other Pairs
{quote} In my lesson with Mr P yesterday this level at 2740 was very clear on H4 for gold with head and shoulders. Nice buy in at 2716. On Wednesday I was awake when gold went from 2718 to 2709 . before its way back up to yesterdays 2740 area. I noticed from 2718 to 2709 how the price speed up alot and the bar was shaking. and it went down rapidly then stopped at 2709. Its a nice behaviour. {image}
The break above 1.0838 was not strong and bears keep pushing to bring it lower to take out bulls stops! It is still a short from the morning and waiting to go lower unless we get a better upclose. Bulls then can push towards 1.0880!
That was a hard rock after all!
{quote} It seems to me that there is also inverse to the other side,
{quote} Nice call on EU. From memory I think a 140-160 pip move up (or more) off the lows followed by a 80 pips re-trace qualifies the lows.
{quote} Yes I seen that clearly before trying to sleep tonight, but too many trading thoughts on my mind to sleep. I think it's on both the H1 & H4. I didn't trade gold today. But you made a great post about 2718 level. Enjoyed that one. Was the pattern on H1 Inverse h&s or something different that you seen at 2718?
did two days ago, there is more data for support areas than resistance areas, this KL was marked, and the first entry was small spontaneous and stopped at BE, the market gave me a second chance and then I already noticed the pattern and increased the risk, last scalp, I closed before the top, I don't leave open positions on the weekend and almost not at night, I try to sleep well, and I also don't look for too big movements, if you're looking for a great swing against the momentum, be ready to go against it at the right moment, and so you can keep the order and maybe make a little here and a little there,
{quote} Always try to be within the range of momentum, and these days it's gold and dollars,gold is affected by the geopolitical situation and there is no change for the better or a good enough reason to go down, mainly to buy at a discount or liquidity, as Mr.
very experienced and gifted harmonics.
{quote} Thank you for the detailed post and interesting desciption of what happened and how you intrepreted it . much appreciated and insightful to read. I am very interested to learn
