D1 Elasticity Pullback Trading

Keep it up, man

GU box, ema200, wpivot/wopen.

Just some thing for the newby chart followers. Today we officially crossed into a reversal on all Gold time frames from the daily down, that is of coarse untill we see chart peaks and troughs telling us otherwise. I shall let my charts do the talking. It is also possible we will get a three bar reversal to day on the weekly as well.
OPPS my break out box and targets on daily chart auto adjusted befor posting to a bigger sizebox, my first target is actually at the second resistance level. shown.

Moved stop to Weekly low which will give me around $26 if trade reverses so will leave settings now untill out taken either way.
Stop now at 3234.50. Gives me a $31.00 locked in.
I had moved stop down to just above the last peaks high on M30 as was not acting right at the time and to lock in a bit more profit. I gave it a bit of room to move and continue on its way down but was not to be.
Political and news events are certainly having the expected quick chart jumps ha.

Gold again after a long time. I've made mistakes by always buying high. Gold doesn't forgive mistakes. I can say that I was very misled by the fact that the price could not decide between roughly 6 and 8 hours.

Similar day for me mate can't win em all

NZDCAD
took a buy after it rejected from monthly open + elasticity on daily

We can work this out.

Keep trying..

jr , , depends , for a bit of "interjection" and a bit of the whole BUYING , SELLING thing and being "mislead" "it " could not decide for 6 hours or 8 , or maybe in that 6 or 8 hours things were being argued about , gone over, discussed and what not , taters being put in , taters being taken out , usually the way "it" or the "they" behind "it" makes it move , ya know those 2 things , "looks like" it got under some sh-t , would not have "looked like" that at the time tho , I can almost see where some one may have stepped out the saloon at high noon especially with chart box bottom "support" being there at the time , even on a M15 model

back to that 6 ,8 hours , obviously a couple things longer in above picture , so lets straiten that out a wee bit , not quite but close , stead of a 12 and 24 hour rough price average, a 6 and 4 hour ,
more apt to have the next one marked , but not in view yet , 5/ 1 , leading into omg the nfp, pretty big range , not to forgiving if "buying high" as of yet a wee bit more forgiving if selling low but ya know that whole "red news " coming an all , as said may not be one ya have marked which aint in view yet and that whole six or 8 hour thing
when did it become a bit more "forgiving" to buy high and can ya see your chart posted later , on the "omg its the nfp day it self and there ya go , a pretty "typical 30 hours at the shit show
it may "look" extremely different , but it aint the same ole "just another week" both started in same place and ended in same place an it took the lobbers a bit , they kept lobbing straw , its "under some sh-t , any give day there is the same ole sh-t , till the days there aint and it "seems like" it takes forever or much "whenever" for it things to happen , till it dont
glad to see ya dusted the "punt gun" off
same ole tune ,fiddle and for Mr G guitar, can be forgiving such as the other and just as unforgiving , even tho a sleepy azz currency pair , depending on how its actually viewed ,such as "same shit different name in top left corner , , hope all doing well

You caught me jr , Whatever you say, you're right.. Since gold moves faster, I tracked it at low tf (thinking I'd be in and out faster) and I can't didn't scale the chart, so I missed the forest. I'm just now realizing that I broke the form. I need to follow the procedure in the same way, even if it looks “different” as you say. Thanks for making me realize this jr, respect for the effort.

Hello all, a happy hunting to all. Lets see which pivot type is more accurate today.

Hello all. Gold is certainly rocking with some fantastic trade opportunities. Fibonacci and Camarilla pivots have certainly come out on top for use with gold well on the intraday trades for a start. There charts are certainly respecting the consensus points (pivots) very accurately. Look how the market takes off after breaking through the daily PP. Ive just had a another look at chart pivots and may have been a bit hasty in judging, when I zoomed out on the standard one and looked at the five days since beginning of month it also has a accurate monthly which needs more time to test. Woody pivots are worth a look at too. Happy hunting.

Keep trying sir

busy and not a lot of time so longer TF stoch trades today

last trade today

The summary of the day, the reason why the pips look so high is because I'm downsizing the lot and taking more shot. Good evening everyone.

Hello all. Looking for a on chart positive break out of box to show a trend resumption and then switch back to trading my favourite 30 min chart set ups. Happy trading.

Hello all, Winter has arrived here big time, so indoors for now. I shall with your acceptance attempt to explain from my angle why I trade the M30. So if you are a newbie just stick with me for a bit. There are four main reasons. 1. Gold at the moment is having fantastic stable periods with length. This will change at some point in the future where I will readjust my set to the time period gold is telling me to take max profit with safety.
2. M30 is allowing me to trade at any time of day because of the available multible powerful and strong chance chart entrys, this does not mean I can or will trade all of them. ( I do go back on chart and back fill draw trades missed, important for visual balance to market mood.) 3. M30 chart has been balancing with the tools used for a accurate early notice with the strong chance entries, where I only enter after a sequence of on chart price action. 4. M30 allows me to see upcoming trade setups early, with the extremely important point that trades can be entered better on my terms to counter slippage with on market entries. ( We also have a slow internet because of our remoteness ) Yes I have rambled on here to much, but I have many people to thank here on these forums. One very very important fact I know here is that you will never become a successful trader until you make the method your own, so if you are struggling but pick up just one bit of instruction with either method or system it could very well help you succeed. I suddenly clicked after a couple of pointers.
Lets just summarize a little. 1. M30 at the moment is the shortest chart period that fits the four to one risk to profit targets I use with a strong profit. 2. As said it puts up atleast several strong action trades a day with the option to close those targets early if action or rules do not act right. 3. Gives many additional chart confirmations. 4. Has a fantastic psychological balance, after reset stop to break even. Allows me tofall asleep with targets set, with absolutely no stress. Cool Ha.

Thank you :-)

Back to renko for intraday. I keep trading D1 but doing some structure trades during the session