Gold

Quoting Fadhl

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Sell Lmt order 3357 {image}

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Quoting MoneyPrinte

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Is Price Action Really All We Need? A Realization MOMENT For the longest time, I used to believe and even preach that price action was everything. I bought into the idea that it was the purest, most noise-free, leading tool out there. No indicators. No confusion. Just raw market structure. I believed that was the real traders way. And honestly, it served me well to a point. But one day, something shifted. I began to realize that this belief, like most things in trading, isnt universally true it depends on your personality, your perspective, and...

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Quoting philippw.

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{quote} This. When I write I see a bearish trend, then I refer to the price channel you can see on H4 / D1 chart, not the weekly which is of course strong bullish. And I absolutely know that this price channel MIGHT be only a wedge correction move and it can still breakout upside from this perspective. BUT right now, the channel is intact and so I see what I trade and opened a short position before market close on friday: Entry: 3355.77 (0.05 lot) SL: 3366.14 (around 2% risk) TP: 3321.13

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Quoting thebigshot

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{quote} Fundamental shaped the behaviour, Behavior attract perception of Fear of missing out or Fear of losing Which translate into market structure. The market structure is representative of the "fundamental and flow of funds(behaviour)" As a result of which, the price structure (flow of funds=> funds representing the orders => flow of orders => Order book) take such a form that illustrates the market structure (Market behaviour or Fundamental). Now left to say, Does price action (price structure) builds on its own? Nope. It simply shows the market...

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Quoting RoelsMajor

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{quote} My method uses BE+, and it’s already been activated — risk-free now. The bottom of range 2 should be lower, even though the move down is kind of slow… what’s the term? Grinding lower? Range 2 is only at 267 pips so far. That’s usually the pattern — on EURUSD, also GBPUSD, and EURAUD most often. I’m still not sure if TP got hit. Patience and discipline, Lel {image}

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Quoting rosalieone

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{quote} {image}

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Quoting rosalieone

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{quote} what do you mean ?

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Quoting philippw.

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{quote} Closed one position manually at 3326. I have another sell position (smaller one --> 0.03) still open, which I'll let run a bit further down. My thesis worked, gold will with high probability enter a retracement phase / follow the bearish price channel on H4 / D1. Next good sell entry will be around 3340, if price reaches that level next hours. Btw my postings take forever to be visible, cause I'm too newby here.

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Quoting RoelsMajor

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{quote} Very good trade with the proper risk, Entry, SL and TP. By the way, your current risk per trade is much smaller compared to your first and second trades in the explorer, which had 100% risk (100 pips). Why the change of mind? Even so, it's extremely difficult to achieve the result 15x (1400%+), even if you use the Gung-Ho risk.

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Quoting philippw.

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{quote} To be honest, to that time I was reaaally convinced that the super overbought gold price had to come down a good amount, that is why I was holding the positions for some days. But actually this was not really a "pro" trade. As we all know, trade what we see, not what we believe. But hey, it worked. In the end. Probably will never do this kind of trade again.

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Quoting Fadhl

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{quote} TP1 hit and moved STP at BE. {image}

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Quoting ihtishammee

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I think price has shift to bulls????

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Quoting RoelsMajor

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Long Gold/USD 1 unit, R 0.5%, 267 pips. TP 1R Add 1 Unit Buy Stop 89 pips above, R 0.5%, 267 pips. TP 1R BE+ after 33% TP {image}

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Quoting PatienceFx

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{quote} H1 20 SMA is the only resistance left

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