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Break Through Trading

  • #401
  • Jan 8, 2025 12:51am Jan 8, 2025 12:51am
Quoting stevepatt
GOLD {image}
GOLD

Internal Structure
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250108_06.46.png Size: 60 KB
  • #402
  • Edited 1:32am Jan 8, 2025 1:17am | Edited 1:32am
Quoting stevepatt
{quote} GOLD Internal Structure {image}
Pending Sell Limit @ 2654.67
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250108_07.13.png Size: 61 KB
  • #403
  • Jan 8, 2025 7:45am Jan 8, 2025 7:45am
Quoting stevepatt
{quote} Pending Sell Limit @ 2654.67 {image}
GOLD Sell Limit Order @ 2662.00

Buy and Sell at the Extemes of the Ranges

FOMC RED News @ 19:00 (Uk Time)
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250108_13.36.png Size: 82 KB
  • #404
  • Jan 8, 2025 7:56am Jan 8, 2025 7:56am
Quoting stevepatt
{quote} GOLD Sell Limit Order @ 2662.00 Buy and Sell at the Extemes of the Ranges FOMC RED News @ 19:00 (Uk Time) {image}
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250108_13.52.png Size: 48 KB
  • #405
  • Jan 8, 2025 8:12am Jan 8, 2025 8:12am
Quoting stevepatt
{quote} GOLD Sell Limit Order @ 2662.00 Buy and Sell at the Extemes of the Ranges FOMC RED News @ 19:00 (Uk Time) {image}
GOLD Sell Limit Triggered @ 2662.00
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250108_14.09.png Size: 42 KB
  • #406
  • Jan 8, 2025 9:07am Jan 8, 2025 9:07am
Quoting stevepatt
{quote} GOLD Sell Limit Triggered @ 2662.00 {image}
GOLD Short TRADE (-1R)

GOLD Short Limit Order @ 2666.43
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250108_15.02.png Size: 49 KB
  • #407
  • Jan 8, 2025 9:21am Jan 8, 2025 9:21am
Quoting stevepatt
{quote} GOLD Short TRADE (-1R) GOLD Short Limit Order @ 2666.43 {image}
GOLD

Where Price is at the moment would you rather be Short or Long?
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250108_15.17.png Size: 33 KB
  • #408
  • Jan 8, 2025 9:40am Jan 8, 2025 9:40am
Quoting stevepatt
{quote} GOLD Short TRADE (-1R) GOLD Short Limit Order @ 2666.43 {image}
Short Limit @ 2666.43 Triggerd
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250108_15.36.png Size: 39 KB
  • #409
  • Jan 10, 2025 2:58am Jan 10, 2025 2:58am
Quoting EK-Trader
The goal is 2677 -2680 waiting!{image} Oops)) Recharged {image}
Closed the long at 2677
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 29 KB
  • #410
  • Jan 11, 2025 4:36am Jan 11, 2025 4:36am
Quoting EK-Trader
{quote} Closed the long at 2677{image}
Hi EK-Trader

Does your Trading Model allow you to Enter and Hold Trades like that all the time, or was that a one off?
What got you into the Long Trade where you did and why 2677 Target?
Unless there is a Consistant Method that will allow you take these Trades this will only be a one off
Sorry I don't mean to be negitive, it is a good Trade it will only be a Great Trade if you have a Consistant Entry Model for this Type of Trading
  • #411
  • Edited 12:41am Jan 13, 2025 12:29am | Edited 12:41am
GOLD

The scond Chart is the corrct one
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot Gold_20250113_06.23.png Size: 47 KB
Click to Enlarge Name: Spot Gold_20250113_06.36.png Size: 45 KB
  • #412
  • Jan 13, 2025 2:07am Jan 13, 2025 2:07am
hello guys , Good morning! Such a helpful and inspirational thread.
  • #413
  • Jan 15, 2025 2:35am Jan 15, 2025 2:35am
Quoting stevepatt
{quote} Hi EK-Trader Does your Trading Model allow you to Enter and Hold Trades like that all the time, or was that a one off? What got you into the Long Trade where you did and why 2677 Target? Unless there is a Consistant Method that will allow you take these Trades this will only be a one off Sorry I don't mean to be negitive, it is a good Trade it will only be a Great Trade if you have a Consistant Entry Model for this Type of Trading
This is just a technical analysis of the senior timeframe + the same structural analysis + wave analysis. In short, this is 15 years of experience and practice
Attached Image (click to enlarge)
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  • #414
  • Jan 21, 2025 12:35pm Jan 21, 2025 12:35pm
I'm a beginner. I was scalping On a 5 minute chart, I went long on that green candle indicated as "entry" in the screenshot below. I placed a stop loss just below the rectangle . First, I went in the direction of the trend, second, I bought at a support level that was touched multiple times (the trend line), thirdly, the level marked by the rectangle was a level that price previously rejected, before breaking upward, came down, tested the same level and went up. Thus the level served both as support and resistance previously. These are my confluences for this setup, but when I entered, just three candles later, the price moved drastically against me. This got me scratching my head. Whoever is reading this, do you think I did something wrong, is there a way that I would have known that the trade was likely to fail. Is there an indicator or a concept that I could have used to get a warning? I want to understand this please. And also after the break of the trend, the bearish move was a drastic one, this made me curious, did other traders enter like I did and placed their stop losses just below, and then when the price went down it triggered these stop losses, which helped cause the drastic decline. Am I right or wrong on this? Your answers will be greatly appreciated. Thanks .
Attached Image (click to enlarge)
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  • #415
  • Jan 26, 2025 4:32am Jan 26, 2025 4:32am
Stay Consistant in Reading Price
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 24th Jan. 2025.png Size: 37 KB
  • #416
  • Jan 26, 2025 4:43am Jan 26, 2025 4:43am
Quoting Kinglin
I'm a beginner. I was scalping On a 5 minute chart, I went long on that green candle indicated as "entry" in the screenshot below. I placed a stop loss just below the rectangle . First, I went in the direction of the trend, second, I bought at a support level that was touched multiple times (the trend line), thirdly, the level marked by the rectangle was a level that price previously rejected, before breaking upward, came down, tested the same level and went up. Thus the level served both as support and resistance previously. These are my confluences...
Why did you leave it so late to get in Long?
How many times had Price made a New High before you got into your Long Trade?
Look to Enter Trades after Price has Broken Structure for the First Time
  • #417
  • Jan 26, 2025 4:49am Jan 26, 2025 4:49am
Quoting EK-Trader
{quote} This is just a technical analysis of the senior timeframe + the same structural analysis + wave analysis. In short, this is 15 years of experience and practice{image}
Hi EK-Trader,
Are you looking to Switch to Shorter Term Trading?
Because if you aren't you won't learn anything about Higher Time Frame Trading from my Thread.
If that is typical of your Trading Stick to what you are doing, you definately don't need to complicate things by adding more Layers
Just an Observation
  • #418
  • Jan 27, 2025 5:38am Jan 27, 2025 5:38am
GOLD 5M Chart
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold Mini (10oz)_20250127_11.10.png Size: 53 KB
  • #419
  • Edited 8:28am Jan 27, 2025 8:08am | Edited 8:28am
Steve, do you have any reason you changed to 5M chart? Just curious....
Whenever you come back from some pause, it seems you come up with some changes.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #420
  • Jan 27, 2025 8:29am Jan 27, 2025 8:29am
Quoting heispark
Steve, do you have any reason you changed to 5M chart? Just curious....
Hi Justin,

It's just so I can get everything on the Chart without it being too blurred.
I do look at the 5M or 15M Chart to get a better idea of Structure
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