DislikedEvery Monday, my chart starts with horizontal lines in different colors to highlight key price levels. I watch for candlestick reactions at these levels to see if there will be a rejection or breakout. I rely on my 'A+ Setup,' which is based on my experience and how I track every tick of the candlestick movement. It’s hard to explain, but my decisions are grounded in the patterns I observe. In the morning, I first check the reaction at the high, mid, and low points of the previous US END session. After that, I look at the Asia kill zone to see how...Ignored
Before I say goodnight for today, I just want to share this once again about how I see the market, especially gold.
I would love to say that this method is the same as what banks do every 5 days a week in the market.
I call this the 'weekly template' or the backbone of my trading method.
On Monday and Tuesday, the market is usually making a base for the week's movement.
Monday and Tuesday will try to establish the high and low of the week, which I refer to as the High IB and Low IB.
On Wednesday morning, we use Fibonacci and pull it from the 0% to 100% range of the lowest and highest points of the previous two days. Then, I mark the High IB, Low IB, and Mid IB. The Mid IB will be a strong roadblock for the week.
On Wednesday, there will be a test and break of these key levels (High IB and Low IB).
When a breakout occurs, a pullback is likely to follow (Wednesday late day/Thursday). This is when we need to decide if it’s a pullback trend or a pullback reversal.
Friday, I call it 'Crash Day' because the market tends to move in both directions and crashes during the New York session.
This pattern repeats every week:
HIGH IB & LOW IB, followed by a TEST & BREAK, then a PULLBACK (either trend or reversal), and finally, a CRASH.
Try to look at the chart, backtest and I hope you guys can understand my explanation.
Goodnight
I would love to say that this method is the same as what banks do every 5 days a week in the market.
I call this the 'weekly template' or the backbone of my trading method.
On Monday and Tuesday, the market is usually making a base for the week's movement.
Monday and Tuesday will try to establish the high and low of the week, which I refer to as the High IB and Low IB.
On Wednesday morning, we use Fibonacci and pull it from the 0% to 100% range of the lowest and highest points of the previous two days. Then, I mark the High IB, Low IB, and Mid IB. The Mid IB will be a strong roadblock for the week.
On Wednesday, there will be a test and break of these key levels (High IB and Low IB).
When a breakout occurs, a pullback is likely to follow (Wednesday late day/Thursday). This is when we need to decide if it’s a pullback trend or a pullback reversal.
Friday, I call it 'Crash Day' because the market tends to move in both directions and crashes during the New York session.
This pattern repeats every week:
HIGH IB & LOW IB, followed by a TEST & BREAK, then a PULLBACK (either trend or reversal), and finally, a CRASH.
Try to look at the chart, backtest and I hope you guys can understand my explanation.
Goodnight
I don’t follow the crowd — I follow my system. The rest is just noise.
- #64,763
- Feb 15, 2025 7:34am Feb 15, 2025 7:34am
- Joined Jun 2013 | Status: enjoying life | 23,869 Posts
- #64,766
- Edited 11:51am Feb 15, 2025 11:00am | Edited 11:51am
- | Membership Revoked | Joined Feb 2022 | 2,509 Posts
Don’t focus on making $$$, focus on protecting what you have.
- #64,769
- Feb 15, 2025 12:02pm Feb 15, 2025 12:02pm
- | Membership Revoked | Joined Feb 2022 | 2,509 Posts
{quote} can you make forecast for next 3 years? What will be the price in 2028?
Don’t focus on making $$$, focus on protecting what you have.
- #64,770
- Feb 15, 2025 12:02pm Feb 15, 2025 12:02pm
- Joined May 2021 | Status: Trader | 7,225 Posts
_________ just Bought this indi [ HG=Holeee Grail] from bakker for 7.7K us$ and I will share this with you ppl Remember this = Sharin ist FOREX_Rule #1 {image} {image} {image}
People don't plan to lose. They lose because they don't plan.
To everyone… I’d like to get your opinion on somethingIs it bothersome if I share too much about my strategy here? Some people have told me that no one cares about the strategy I use, and that I don’t have a certificate to teach others. They’ve even told me to stop sharing my strategy and related stuff. But for me, I share because I believe someone might find value in a simple and uncomplicated approach. I’ve been in a position where not every technique or indicator works for everyone, as we all learn in different ways. I also enjoy...
