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  • #73,761
  • Apr 23, 2025 6:28am Apr 23, 2025 6:28am
Quoting MrGoldie
{quote} I'm just scribbling on my pad 3332 today's daily candle support changed to resistance, waiting fr it to break or if supports selling to 3380-72 Inturn breaks of 3332 I like too see 3360 3386(today's top) 3416 DPP Both possible so waiting {image}

Weekly candle close above 3392 makes new ath next week
3500-20possible
Be prepared for the Global Panic
  • #73,762
  • Apr 23, 2025 6:33am Apr 23, 2025 6:33am
Short at : 3336.50
Sl : 3344
TP : Open
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  • #73,763
  • Apr 23, 2025 6:33am Apr 23, 2025 6:33am
Quoting MrGoldie
{quote} I'm just scribbling on my pad 3332 today's daily candle support changed to resistance, waiting fr it to break or if supports selling to 3380-72 Inturn breaks of 3332 I like too see 3360 3386(today's top) 3416 DPP Both possible so waiting {image}
M5 breaks confirms ,3360 92 will be tested ?or more to shoot
Be prepared for the Global Panic
  • #73,764
  • Apr 23, 2025 6:35am Apr 23, 2025 6:35am
Quoting MrGoldie
{quote} M5 breaks confirms ,3360 92 will be tested ?or more to shoot
m5 too small to make significant changes in pa bro, needs to be liq sweep or bos in htf
  • #73,765
  • Edited 6:46am Apr 23, 2025 6:36am | Edited 6:46am
Quoting Oskarius
Please look at the 1H chart and refer to your own propabilities. "Inverted hammer. It appears in a downtrend and suggests a possible change in trend direction. As with most one or two candlestick patterns, it is important to get confirmation, in this case confirmation of growth. This can occur, for example, in the form of an open of the next session above the body of the inverted hammer. Since the close occurred near the low, and in the meantime the price has risen to a much higher level, confirmation becomes extremely important." For me...
I've looked at hourly data from Jan 2019 to current, found 152 inverted hammers (filtered by close below prev. 15 candles). Then traced the price 50 hours into the future:

Attached Image (click to enlarge)
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The data forms a roughly triangular or cone-shaped pattern on a scatter-plot with significantly higher density of points in the upper left region.
I.e. moderate profits with smaller drawdowns - meaning that both directions can be traded with ~same probability
That's common for every pattern (unfortunately)
Air force
  • #73,766
  • Apr 23, 2025 6:36am Apr 23, 2025 6:36am
30M closed extremely 'shy' compared to the prev 30m high. I'm looking for some type of liq sweep to then get in on a wave of some sort, News may be the catalyst. Price may now potentially just consolidate

As long as this 1H candle close to open NY session does not close above LDN current High, will be happy.
  • #73,767
  • Apr 23, 2025 6:49am Apr 23, 2025 6:49am
Quoting Erebus
{quote} Job of Gold to catch as many traders' wrong way as possible, did catch you?
no i didnot but i had silver short order open which triggered. if i didnot sleep i could have made 100USD, by the time i woke up profit was showing only 14USD.
  • #73,768
  • Apr 23, 2025 6:50am Apr 23, 2025 6:50am
Quoting MRProfit21
{quote} m5 too small to make significant changes in pa bro, needs to be liq sweep or bos in htf
Attached Image (click to enlarge)
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Be prepared for the Global Panic
  • #73,769
  • Apr 23, 2025 6:52am Apr 23, 2025 6:52am
If can overcome the 3339 hurdle it will run.
  • #73,770
  • Apr 23, 2025 6:53am Apr 23, 2025 6:53am
Quoting Bakker
If can overcome the 3339 hurdle it will run.
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  • #73,771
  • Apr 23, 2025 6:57am Apr 23, 2025 6:57am
Quoting MrGoldie
{quote} {image}
yeah I don't really know how to read that bro
  • #73,772
  • Apr 23, 2025 6:59am Apr 23, 2025 6:59am
Quoting MRProfit21
Gold's considered a 'safe haven' right ? Check out US Stocks at the moment (us30, nas, sp). Look at their GAPS. Looks like Gold is coming down for now so they can carry on putting more money in stocks
Yep its called carry trades, check it out worth knowing about it specially trading gold.
  • #73,773
  • Apr 23, 2025 7:02am Apr 23, 2025 7:02am
Quoting MRProfit21
{quote} yeah I don't really know how to read that bro
I too
Wednesday some call it as retracement day .
3283 I'm on bearish mode today, and closing the day at the price of 3310 would be good
Be prepared for the Global Panic
  • #73,774
  • Apr 23, 2025 7:02am Apr 23, 2025 7:02am
Quoting d1zzy
{quote} Yep its called carry trades, check it out worth knowing about it specially trading gold.
haha got that from FTMO academy bro
  • #73,775
  • Apr 23, 2025 7:02am Apr 23, 2025 7:02am
pmi should be bought , is it ?
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  • #73,776
  • Apr 23, 2025 7:04am Apr 23, 2025 7:04am
Not yet done with the downturn it seems
  • #73,777
  • Apr 23, 2025 7:05am Apr 23, 2025 7:05am
Quoting d1zzy
{quote} Yep its called carry trades, check it out worth knowing about it specially trading gold.
100%. Selling Gold gives great swap.
  • #73,778
  • Apr 23, 2025 7:06am Apr 23, 2025 7:06am
Quoting Tintin2014
{quote} no i didnot but i had silver short order open which triggered. if i didnot sleep i could have made 100USD, by the time i woke up profit was showing only 14USD.

Silver making southwards move right now.
  • #73,779
  • Apr 23, 2025 7:08am Apr 23, 2025 7:08am
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  • #73,780
  • Apr 23, 2025 7:12am Apr 23, 2025 7:12am
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