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  • #1,501
  • Aug 20, 2025 1:37am Aug 20, 2025 1:37am
Quoting stevepatt
GOLD {image}
Breakout candle wasn't good but 1 candle pullback bouncing off breakout level.
I would say - valid entry.
Attached Image
I might be wrong , I have been wrong before
  • #1,502
  • Aug 20, 2025 1:38am Aug 20, 2025 1:38am
Lets zoom-in, what do u see?

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  • #1,503
  • Aug 20, 2025 1:39am Aug 20, 2025 1:39am
Quoting senjamerah
{quote} If I were referring to your chart, I wouldn’t have taken the trade. Looks like there’s a difference between the charts we’re using. It might not be a huge difference, but it’s enough to determine whether a setup is there or not. {image}
Hi Senjamerah,
Thanks for the reply.
Yes, I have noticed a difference between the Charts also.
I figure it depends on who's delivering the Feed
  • #1,504
  • Aug 20, 2025 1:42am Aug 20, 2025 1:42am
Quoting senjamerah
{quote} If I were referring to your chart, I wouldn’t have taken the trade. Looks like there’s a difference between the charts we’re using. It might not be a huge difference, but it’s enough to determine whether a setup is there or not. {image}
That is the problem with CFD brokers. Each has is own / bit different data feed for XAUUSD.
With futures contracts chart is same for all trades and does not matter what broker they use.
I might be wrong , I have been wrong before
  • #1,505
  • Aug 20, 2025 1:49am Aug 20, 2025 1:49am
Quoting senjamerah
Lets zoom-in, what do u see? {image}
This is what I am seeing
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  • #1,506
  • Aug 20, 2025 1:56am Aug 20, 2025 1:56am
Do as I suggested in post #1496. Eventually, you'll be able to feel the change or improvement in your skills yourself. Do it only during the Asia sessions.
  • #1,507
  • Aug 20, 2025 1:57am Aug 20, 2025 1:57am
Quoting stevepatt
{quote} This is what I am seeing {image}
Futures data feed is more like Oanda's but it has differences too.
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I might be wrong , I have been wrong before
  • #1,508
  • Aug 20, 2025 2:13am Aug 20, 2025 2:13am
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  • #1,509
  • Aug 20, 2025 2:20am Aug 20, 2025 2:20am
Quoting senjamerah
{image}
Candle closed above tails = trapped shorts will be stopped or forces out of trades = additional buying pressure.
I might be wrong , I have been wrong before
  • #1,510
  • Aug 20, 2025 2:27am Aug 20, 2025 2:27am
Breakout long. When level held, tails below, went long on inside candle break higher.
But got stopped out because I was greedy. Stop was only 7 tick and logical target,
closest horizontal above would have given me successful trade with good RR 2:1.
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I might be wrong , I have been wrong before
  • #1,511
  • Aug 20, 2025 3:04am Aug 20, 2025 3:04am
Contraction, do we have strong breakout soon ?
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I might be wrong , I have been wrong before
  • #1,512
  • Aug 20, 2025 3:15am Aug 20, 2025 3:15am
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  • #1,513
  • Aug 20, 2025 3:17am Aug 20, 2025 3:17am
Quoting senjamerah
{image}
left = quosimodo
right = manipulation
  • #1,514
  • Aug 20, 2025 3:42am Aug 20, 2025 3:42am
Quoting senjamerah
{image}
Good one, I missed that one. If one looks only for breakout, he is blind to other setups.
We contracted 1.5 hours I expected stronger move when we finally breakout.
Today FOMC minutes, I don't know, but traders may already wait it before we have stronger moves.

Entered short pre-breakout because of combi setup. RR good 1.5

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From Bob Volman's book, many know it, but few use it.


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I might be wrong , I have been wrong before
  • #1,515
  • Aug 20, 2025 4:01am Aug 20, 2025 4:01am
Yes RR only 1 on that breakout long. But as today FOMC minutes I expect only closes targets to be reached.
As usual I can be wrong about that.
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I might be wrong , I have been wrong before
  • #1,516
  • Aug 20, 2025 5:26am Aug 20, 2025 5:26am
At every candle low are lucky winners and losers.
This time it was me, the winner. RR 1.25
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I might be wrong , I have been wrong before
  • #1,517
  • Aug 20, 2025 6:13am Aug 20, 2025 6:13am
Breakout long. I like the level and the candle. Yes unfavorable RR<1 but "sure thing" target was reached.
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I might be wrong , I have been wrong before
  • #1,518
  • Aug 20, 2025 7:25am Aug 20, 2025 7:25am
This might be the last trade today. It takes quite a lot of time between breakout trades but it pays to wait.
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I might be wrong , I have been wrong before
  • #1,519
  • Aug 20, 2025 10:32am Aug 20, 2025 10:32am
Quoting Mandariin
This might be the last trade today. It takes quite a lot of time between breakout trades but it pays to wait. {image}
Hi Mandarin,
Nice Trading, you are certainly getting the hang of Break Out Trading
  • #1,520
  • Aug 20, 2025 8:37pm Aug 20, 2025 8:37pm
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