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  • #72,881
  • Apr 16, 2025 7:52am Apr 16, 2025 7:52am
Quoting d1zzy
{quote} Casually dropping gems on an online forum lol.
well aren't you getting yourself a crash course ...
Candlesticks dont move markets, Volume does
  • #72,882
  • Apr 16, 2025 8:04am Apr 16, 2025 8:04am
100% in the month traveled, it is in wave 5 due to divergence, so it should go up a little more. If it makes a correction it will look for that sell candle, and then continue to go up. After that comes a good correction because it is already at the annual R382.
Attached Image (click to enlarge)
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  • #72,883
  • Apr 16, 2025 8:05am Apr 16, 2025 8:05am
I think gold is fueling to fly before mr powell shit
  • #72,884
  • Apr 16, 2025 8:09am Apr 16, 2025 8:09am
Quoting PatienceFx
{image}
everyone has their own style of trading, my style is investment trading, i just look at supply demand, no indicators
  • #72,885
  • Apr 16, 2025 8:14am Apr 16, 2025 8:14am
Quoting PatienceFx
{quote} everyone has their own style of trading, my style is investment trading, i just look at supply demand, no indicators
when gold broke this triangle it was not aiming for a short setup
Attached Image (click to enlarge)
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  • #72,886
  • Apr 16, 2025 8:17am Apr 16, 2025 8:17am
Lets see patience fx
  • #72,887
  • Apr 16, 2025 8:18am Apr 16, 2025 8:18am
Foe those who planning on short on Powell speech..

DONT.

maybe 30m/1h later.
  • #72,888
  • Apr 16, 2025 8:19am Apr 16, 2025 8:19am
Quoting PatienceFx
{quote} when gold broke this triangle it was not aiming for a short setup {image}
You analysis market on H4 time frame buddy? it will need wide stop loss, right?
HappyTrading
  • #72,889
  • Apr 16, 2025 8:20am Apr 16, 2025 8:20am
Quoting PatienceFx
{quote} when gold broke this triangle it was not aiming for a short setup {image}
changing to something much better and automatic
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 25 KB
  • #72,890
  • Apr 16, 2025 8:21am Apr 16, 2025 8:21am
Quoting Praetorion
{quote} That candle is what traders call as an Absorption Candle . It typically forms when the market is building up orders and it happens both ways. Either accumulating longs or distributing shorts. Each drop you see isn't just a sell-off. its often the market soaking up liquidity. This is why candles are only 40% of the story. this is where footprint charts come into play. In the attached chart you will notice that aggressive shorts are actually being absorbed by resting limit buy orders a classic sign that buyers are stepping in quietly...
where i can get that orderflow chart?
  • #72,891
  • Apr 16, 2025 8:21am Apr 16, 2025 8:21am
Quoting dailyprofit
{quote} You analysis market on H4 time frame buddy? it will need wide stop loss, right?
please do not follow me
  • #72,892
  • Apr 16, 2025 8:24am Apr 16, 2025 8:24am
Gold seems constipated while doing its shit atm
  • #72,893
  • Apr 16, 2025 8:24am Apr 16, 2025 8:24am
Quoting PatienceFx
{quote} please do not follow me
my dreams are wild
Attached Image (click to enlarge)
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  • #72,894
  • Apr 16, 2025 8:28am Apr 16, 2025 8:28am
Quoting Praetorion
{quote} That candle is what traders call as an Absorption Candle . It typically forms when the market is building up orders and it happens both ways. Either accumulating longs or distributing shorts. Each drop you see isn't just a sell-off. its often the market soaking up liquidity. This is why candles are only 40% of the story. this is where footprint charts come into play. In the attached chart you will notice that aggressive shorts are actually being absorbed by resting limit buy orders a classic sign that buyers are stepping in quietly...
Thanks so much
Hakuna Matata!
  • #72,895
  • Apr 16, 2025 8:32am Apr 16, 2025 8:32am
Less go guys tighten your seatbelts
  • #72,896
  • Apr 16, 2025 8:39am Apr 16, 2025 8:39am
Quoting PatienceFx
{quote} please do not follow me

just want to get a new perspective buddy...
i like the concept "trade without indicator"
HappyTrading
  • #72,897
  • Apr 16, 2025 8:39am Apr 16, 2025 8:39am
bears ?
Attached Image (click to enlarge)
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  • #72,898
  • Apr 16, 2025 8:42am Apr 16, 2025 8:42am
Quoting dailyprofit
{quote} You analysis market on H4 time frame buddy? it will need wide stop loss, right?
You're late by like 2 hours but ideally around 3285-3290 region
  • #72,899
  • Apr 16, 2025 8:42am Apr 16, 2025 8:42am
Quoting Pranjal
Sell 3125. Stop loss 3180. Target. 2830. Bye
I was badly wrong. Still looking at Monthly and weekly chart this movement may not sustain. It needs a big consolidation or slow retracement to cool down. A test of 3000 seems good option. Also If Trump and Xi make a deal on tariff then it will dump otherwise big consolidation for few months.
  • #72,900
  • Apr 16, 2025 8:43am Apr 16, 2025 8:43am
Amazing gold...
today is enough, time to sleep.. almost 11 pm here...
HappyTrading
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