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  • #57,241
  • Dec 23, 2024 8:15pm Dec 23, 2024 8:15pm
Quoting Deal
{quote} The question is what to follow... I can not see another bias on Monthly if not Bullish, but in the opposite Daily is bearish and weekly also bearish. I go day by day with sentiment bearish without ignore bullish patterns but with caution reducing my risk. To engage a little more in bullish i woul like to see 4H close above 2633.910, keeping in mind The Supply with confluence with volume in the zone 2646/2652. The 4 hour doesn't fully break a swing to the upside and the same to the downside. So no Bias to 4 Hour also. We should end the month...
I completely agree with your statement regarding bearish sentiment. However, as you mentioned, while acknowledging the bullish pattern, it’s important to reduce risk and sometimes follow the bullish move. Now, regarding the 2633 supply, your analysis identified this level, which serves as a resistance for a bearish move. When considering a potential bear move from 2724, after the FOMC, you confidently identified that the maximum range would be 2633 or 2656. I also shared this same view and followed your analysis, especially after the weekly close. As you often say, today’s scenario may not be the same as tomorrow’s, and last week’s situation is different from this week’s. Trends can change quickly from day to day, so we must stay sharp with our analytical skills to confirm the right moves. I’ve shared my input regarding the consolidation range, and it seems the market has adhered to that analysis. I’m happy to follow the trend, but when the market shifts its pattern, I will adapt promptly.

Quoting Praetorion
{quote} These are the times when prices get manipulated . notice the volume during 830 am that pumped making everybody chasing Money .. well they ended getting added with a letter K to the word where money turned monkey .. .. that happened during the CME session that kicks in and dumps price hard notice the red candle.. apart from this price also reacts to DIBS timings which happens during 600 GMT which closely aligns with NY Midnight. these are the three to 4 times in a day where price gets manipulated by the institutional liquidity. of...
Thank you for detailed reply. This approach works effectively because it combines my strategy with yours indirectly. In one of my posts, I discussed the Elliott Wave Theory alongside volume-based analysis. By incorporating your three market manipulation techniques with session patterns, I am now implementing this alongside the Elliott Wave Theory. This combination allows us to predict market movements accurately across any timeframe by utilizing volume identifiers.

Quoting PatienceFx
{quote} i have drawn 1 & 2 complete the rest {image}
The market is currently approaching an irregular correction pattern, which could either be the 2nd or 4th wave. We can identify which one it is based on how it develops. At the moment, the pattern appears to be a 3-3-5 structure, which suggests it is likely the 4th wave. However, there is some uncertainty, as it could also be part of a 333 pattern in a larger cycle. The irregular pattern is forming well, and the 2608 level is expected to mark the end of wave C. The low on Monday will correspond to wave A, while the high on Monday will be part of wave B. This gives us an idea of what to expect next.
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  • #57,242
  • Dec 23, 2024 9:07pm Dec 23, 2024 9:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-12-24 040326.jpg Size: 148 KB
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #57,243
  • Dec 23, 2024 9:12pm Dec 23, 2024 9:12pm
Quoting Elliottway
{quote}It looks like sellers are holding on, trying to sell at the 2619 and 2627 levels. These levels are stopping them from making a move, and if the price breaks above these levels, they could be caught on the wrong side of the trade. Similarly, if the trend turns downward, buyers could also be at risk. In this case, sellers might get trapped as the market moves against them.
The market is currently reacting to the 2619 level, which can be seen as a manipulation, or perhaps a tactic we’ve come to recognize through experience. Many inexperienced retail traders may end up doubling their positions here. However, if we see any volume surge, we should not compromise on expecting a downward move, as this could also be a trap for buyers. The market is inherently uncertain and doesn’t always follow the patterns outlined in Elliott Wave Theory. The use of wicks and candle closes on higher timeframes is a common tactic to hunt stops and wipe out retail traders. We must avoid falling into this trap and not give them the opportunity to manipulate us.
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  • #57,244
  • Dec 23, 2024 9:24pm Dec 23, 2024 9:24pm
Quoting fxcontest
Still...holding Buy {image}
Preparing more Buy
Holy Betting Grail strategy
  • #57,245
  • Dec 23, 2024 9:26pm Dec 23, 2024 9:26pm
Quoting Lloyd628
{image}
Breakouts happen because of buying and selling pressure. In technical analysis, it's important to look at patterns on higher timeframes. When two trends intersect, it can lead to a breakout. Also, when a trend changes, the trendline is often retested. I don't usually check for these things because I don't draw trendlines. You might want to double-check them.
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  • #57,246
  • Dec 23, 2024 9:35pm Dec 23, 2024 9:35pm
Quoting Elliottway
{quote}I completely agree with your statement regarding bearish sentiment. However, as you mentioned, while acknowledging the bullish pattern, it’s important to reduce risk and sometimes follow the bullish move. Now, regarding the 2633 supply, your analysis identified this level, which serves as a resistance for a bearish move. When considering a potential bear move from 2724, after the FOMC, you confidently identified that the maximum range would be 2633 or 2656. I also shared this same view and followed your analysis, especially after the weekly...
2633 is a monthly open, a strong resistance in lower TF's that can lead to bad readings if our eyes don't see the higher picture.
Is not the break for both sides in lower TF's that will tell us a bias. It is a defining price for the Month and we need December ends first.
We are in the middle of a bears and bulls battle in a manner of speaking, in a really sharks fight.
Is hard to give a clear bias at this stage, so going for probabilities is why bearish seems more concensual for day trade, not saying that i will not trade bullish.
  • #57,247
  • Dec 23, 2024 9:39pm Dec 23, 2024 9:39pm
m30
Attached Image (click to enlarge)
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vankiepsauff@gmail
  • #57,248
  • Dec 23, 2024 9:42pm Dec 23, 2024 9:42pm
d1
Attached Image (click to enlarge)
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vankiepsauff@gmail
  • #57,249
  • Dec 23, 2024 9:52pm Dec 23, 2024 9:52pm
Quoting Elliottway
{quote}I completely agree with your statement regarding bearish sentiment. However, as you mentioned, while acknowledging the bullish pattern, it’s important to reduce risk and sometimes follow the bullish move. Now, regarding the 2633 supply, your analysis identified this level, which serves as a resistance for a bearish move. When considering a potential bear move from 2724, after the FOMC, you confidently identified that the maximum range would be 2633 or 2656. I also shared this same view and followed your analysis, especially after the weekly...
In perspective of weekly with this image what is most likely to happen?
Didn't missing something in this movement?
If does not happen, bears don't take his objectives and are traped by the bulls in a monthly perspective is why until weekly closes below 2633 they are in the fighting.
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  • #57,250
  • Dec 23, 2024 10:00pm Dec 23, 2024 10:00pm
Quoting fxcontest
{quote} Preparing more Buy
More Buy 2617 - 18
Holy Betting Grail strategy
  • #57,251
  • Dec 23, 2024 10:07pm Dec 23, 2024 10:07pm
Pending Sell 2629 - 31 and watching 2635 close
Holy Betting Grail strategy
  • #57,252
  • Dec 23, 2024 10:23pm Dec 23, 2024 10:23pm
Auto Elliott wave indicator

Chritsmas Gift to all
Attached File(s)
File Type: ex4 Auto Elliott Waves Indicator.ex4   2.9 MB | 446 downloads
  • #57,253
  • Dec 23, 2024 10:43pm Dec 23, 2024 10:43pm
just finished writing this code, a complete swiss knife.

on Left is RSI values on different time frames to sense (General Trend))
on top the two numbers is pip difference from m5 100 & 200- sma
on chart the weekly fibop levels with week open & m5 100 & 200 sma levels (in green)

so just one look gives what trade to take and targets

now i feel safe
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 21 KB
  • #57,254
  • Edited 11:00pm Dec 23, 2024 10:49pm | Edited 11:00pm
Hello Guys during End of the year holidays and new year,
it will be risky to trade GOLD,
but Yen is not bad to trade this week,
i will enter at 157.30
looking for 156.50
maybe 156.00 maybe hold half trade.
EURJPY also looking like big boys are getting out profit taking mostly because of holidays,
done forget yen havs moved almost 400 pips,
so 100 pips or even 50% retracement will be normal,
specially during holidays,

hopefully they will pump up the price to 163.60-80
so i can sell that is the plan,
JUST MY 2 CENTS.
Good luck guys,
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Don't compare your Trades with Others
  • #57,255
  • Dec 23, 2024 10:55pm Dec 23, 2024 10:55pm
Quoting DubaiFX
Hello Guys during End of the year holidays and new year, it will be risky to trade GOLD, but Yen is not bad to trade this week, i will enter at 157.30 looking for 156.50 maybe 156.00 maybe hold half trade. EURJPY also looking like big boys are getting out profit taking mostly because of holidays, done forget yen havs moved almost 400 pips, so 100 pips or even 50% retracement will be normal, specially during holidays, hopefully they will pump up the price to 163.60-80 so i can sell that is the plan, JUST MY 2 CENTS. Good luck guys, Thank you For...
just helping you with 2024 annual fibo using 2023 high and low valid till 31st december 2024
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 23 KB
  • #57,256
  • Dec 23, 2024 10:55pm Dec 23, 2024 10:55pm
Quoting Elliottway
{quote}You might want to double-check them.
Nah. I prefer the KISS-way.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #57,257
  • Dec 23, 2024 11:00pm Dec 23, 2024 11:00pm
gold gave beautiful trade levels this year
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDWeekly.png Size: 23 KB
  • #57,258
  • Dec 23, 2024 11:07pm Dec 23, 2024 11:07pm
Quoting fxcontest
{quote} More Buy 2617 - 18
1st TP below 2624
Holy Betting Grail strategy
  • #57,259
  • Dec 23, 2024 11:07pm Dec 23, 2024 11:07pm
Quoting PatienceFx
just finished writing this code, a complete swiss knife. on Left is RSI values on different time frames to sense (General Trend)) on top the two numbers is pip difference from m5 100 & 200- sma on chart the weekly fibop levels with week open & m5 100 & 200 sma levels (in green) so just one look gives what trade to take and targets now i feel safe {image}
looking good so far
general idea is that as long as price is above m5 100 & 200 sma my buy trade remains open.

once price breaks below both i sell

i am just moving relative to historical price
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 21 KB
  • #57,260
  • Dec 23, 2024 11:13pm Dec 23, 2024 11:13pm
Quoting Deal
{quote} In perspective of weekly with this image what is most likely to happen? Didn't missing something in this movement? If does not happen, bears don't take his objectives and are traped by the bulls in a monthly perspective is why until weekly closes below 2633 they are in the fighting. {image}
Based on my analysis, I believe that the target of 2678-88 will eventually be reached. This is a conclusion I have drawn from careful observation. I want to reassure you that your strategy is sound, and the key is to stay focused on the plan. There's no need to overthink or confuse the situation. just stick to the approach you outlined. Today is crucial, and I believe you are in a strong position. I also feel that you have a solid ability to play intraday trades effectively.
Additionally, if the market does take a downturn from here, it could indicate a significant economic shift in the gold market worldwide. However, I don't anticipate gold reacting in such a way. Gold has always been viewed as a safe haven asset, and in times of economic uncertainty, it typically holds its value. So, I believe that gold won't behave in a way that would suggest an extreme change. Keep following your plan, and everything should fall into place.
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