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  • #52,281
  • Nov 19, 2024 6:03am Nov 19, 2024 6:03am
Quoting BiteFX
{quote} Ah! Bro, how do you read price movement on the chart with all these. Trust me, I have done something like this before, I can't remember which of my former threads now. But, it's too rough to make you psychologically balanced while trading in the long run. Trust me.

i get to hear that a lot .. i need to clean those up .. but once a cycle completes only .. then most of those go out .. what does not are NYM, DO, CME which i track as that is part of my strategy. plus thats a higher TF .. i usually look at the 15 min to 30 max .. so its not so bad ..
Candlesticks dont move markets, Volume does
  • #52,282
  • Nov 19, 2024 6:08am Nov 19, 2024 6:08am
Quoting Isabella_D
https://www.forexfactory.com/thread/...8#post15060318 XAUUSD D1 on the road to <2400 {image} short active 2785,2784,2783 (they all have SL in win) long all are closed, ?2670
i believe we will soon form an H&S pattern .. unless .. Geo political risk with Russia and Ukraine is not getting serious ..
Candlesticks dont move markets, Volume does
  • #52,283
  • Nov 19, 2024 6:08am Nov 19, 2024 6:08am
Quoting Praetorion
{quote} i get to hear that a lot .. i need to clean those up .. but once a cycle completes only .. then most of those go out .. what does not are NYM, DO, CME which i track as that is part of my strategy. plus thats a higher TF .. i usually look at the 15 min to 30 max .. so its not so bad ..
OK, I understand.
But, I cannot imagine the stress trying to plot those lines again and again when I change my phone or laptop. Meeeen. Ah!
Learn... Work Hard... Trade Alone
  • #52,284
  • Nov 19, 2024 6:12am Nov 19, 2024 6:12am
The European sessions have grown so boring.

I get like 1-2 scalps in and its usually at the beginning and end.
  • #52,285
  • Nov 19, 2024 6:17am Nov 19, 2024 6:17am
Quoting Praetorion
{quote} i believe we will soon form an H&S pattern .. unless .. Geo political risk with Russia and Ukraine is not getting serious ..
Until then, the uptrend will continue to rise, and buyers will continue to buy.
I read this somewhere, I think Steve Nison said it,... A trend will continue until a stronger counter trend starts. (Paraphrased)
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  • #52,286
  • Nov 19, 2024 6:24am Nov 19, 2024 6:24am
What blew most accounts, I don't know for other traders, but for me...
1. Over leverage thinking I have connered the market with a super entry strategy without a super exit strategy.
2. I read many blogs, books, FF threads, articles of trading but never sat down to really imbibe the simplicity of trading Market Structure
3. The need to show off to my guys I am now making money trading.
4. Praying the market goes up as I entered, when the market says it was going down.
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  • #52,287
  • Nov 19, 2024 6:30am Nov 19, 2024 6:30am
Quoting Praetorion
{quote} i believe we will soon form an H&S pattern .. unless .. Geo political risk with Russia and Ukraine is not getting serious ..
do you think that the big banks or idk big investors are trading waiting for a h&s?
to be honest going with the trend is the best thing ever so if someone is shorting please be careful and always use a SL
...I Bet You Ain't Never Seen A Donkey Fly!
  • #52,288
  • Nov 19, 2024 6:32am Nov 19, 2024 6:32am
The new buy order has printed new high... Making a HH for the day.
I hope to ride this also if there is no strong counter sell trend.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241119-133046.png Size: 16 KB
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  • #52,289
  • Nov 19, 2024 6:35am Nov 19, 2024 6:35am
Quoting dilidanjaro
{quote} do you think that the big banks or idk big investors are trading waiting for a h&s? to be honest going with the trend is the best thing ever so if someone is shorting please be careful and always use a SL
The trend is my friend...I had to personalize this statement in my subconscious bro.
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  • #52,290
  • Nov 19, 2024 6:40am Nov 19, 2024 6:40am
OK, let me open up something you all may know of...from my observation of Gold chart, any time the trend is strong, the market rakes out head and shoulders pattern to continue its movement.
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  • #52,291
  • Nov 19, 2024 6:41am Nov 19, 2024 6:41am
Quoting BiteFX
{quote} Until then, the uptrend will continue to rise, and buyers will continue to buy. I read this somewhere, I think Steve Nison said it,... A trend will continue until a stronger counter trend starts. (Paraphrased)

oops.. Ukraine launched attack
Candlesticks dont move markets, Volume does
  • #52,292
  • Nov 19, 2024 6:47am Nov 19, 2024 6:47am
Quoting Praetorion
{quote} oops.. Ukraine launched attack
Fundamentals are funnymentals bro.
They don't show you where an order can be placed on the chart.
They may influence price movement which I agree they do, but I sit with my phone and keep a study of previous chart continuation patterns. And adjust myself every single day after an entry is made untill I see I am consistently profitable.
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  • #52,293
  • Nov 19, 2024 6:48am Nov 19, 2024 6:48am
You guys all crack me up! Using Fibonnaci to trade is very similar to using Astrology to predict my shopping list
  • #52,294
  • Nov 19, 2024 6:50am Nov 19, 2024 6:50am
Quoting Praetorion
{quote} oops.. Ukraine launched attack
OK, at what price on the chart did they launch the attack?
Basic market structure shows us potential support which was once a resistance and resistance which was once a support.
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  • #52,295
  • Nov 19, 2024 7:01am Nov 19, 2024 7:01am
We ride the winners
Attached Image (click to enlarge)
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  • #52,296
  • Nov 19, 2024 7:08am Nov 19, 2024 7:08am
Quoting BiteFX
{quote} The trend is my friend...I had to personalize this statement in my subconscious bro.
Which trend?

The up trend we are in over the last couple of days, or the down trend we've been in over the last 3 weeks?
  • #52,297
  • Nov 19, 2024 7:10am Nov 19, 2024 7:10am
Quoting azhantahir
Another reprice. Hopefully another 500 pips coming {image}
Already mentioned. Happy trading
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Look right, we'll see the signs
  • #52,298
  • Nov 19, 2024 7:14am Nov 19, 2024 7:14am
Quoting MrFanciful
{quote} Which trend? The up trend we are in over the last couple of days, or the down trend we've been in over the last 3 weeks?
The higher the better, start from monthly and go down till 4h
...I Bet You Ain't Never Seen A Donkey Fly!
  • #52,299
  • Nov 19, 2024 7:20am Nov 19, 2024 7:20am
Quoting MrFanciful
{quote} Which trend? The up trend we are in over the last couple of days, or the down trend we've been in over the last 3 weeks?
There are trends everywhere on the chart ...
But if you do a top down analysis, you will see the main trend.
From M1 to MN, which chart has been consistently doing HHHL, LLLH. And of course one month is far bigger than one minute. If you can answer that question, you will know the trend bro.
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  • #52,300
  • Nov 19, 2024 7:23am Nov 19, 2024 7:23am
Looks like the bears just woke up, how long for
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