D1 Elasticity Pullback Trading

GOLD MTFs
trend has been holding well

Dancing between the fibs..

PC

Just testing waters,
On NY Open, I was waiting price to reach DPivot or DL3 with huge M15/M30 - H4 elasticity, but after seeing rejection to the 50% fib on the H4 + The huge wick from the last swing low saw a opportunity for longs. Added more positions on H1/H4 sync.
There was a small reversal for the recent swing high/low till 50% fib. (Great level to add more positions)

And just followed stoch till the cycle ended, added positions o DOpen and closed just before the H4 wicks.

XAUUSD
We are on all time highs, so i was just looking at longs, saw WH3/4 as a good level due to a previous reaction at that level, but this was 10m before NY open so I wanted to wait to se what price wanted to do during the first 10-15M of NY Open. Saw a oportunity after price did not react at DR3 so I added a position looking to scalp till WH4, there was no reaction so I aimed 127.2 fib level.
(Blue line entry, red line closed price)

Just showing what I did, still in the early learning period.
Thanks to everybody in this thread for what you have teached me.

wick to wick on the 5 min 0.618lvl

XAUUSD
Spooky morning for me, saw price overall exhausted, and was looking for shorts once the H1-H4 stoch cycle had ended.
DH4 + DR1 + QH3/4 Seemed a good price level, knew price would highly likely reach till DR1 and react imediatly, so added sell limit with a very thin SL (200 points / 20 pips).
In charts Im trying to focus more in H1 as a believe M15 charts plays around with psychology, focus on quality trades, and ridding the the swing, "Why eat the crumbs when you can eat the whole pizza"
Im looking at DH3 for plausible targets although stochs might speak louder.

Just showing what I did, still in the early learning period.

Price reached 100+ pip from my entry, although at i got stopped out at BE+1, I belive price is looking for more liquidity before the swing, I see WR2 + PDH + Wich rejection as next level, wick doesn't seem big enough so PDH could be nice for a entry.
Although looking for elastic trades must be the move, thefore no more shorts for me.


Just showing what I did, still in the early learning period.

XAUUSD
I rather center my trades in elastic stoch at the start, on the
Emas; H1 chart saw price enter a compresion area, while the M15 chart entered a extreme elastic confrontation between "investors" and "traders"
Saw DH3 + Dmid + Wh4... as a strong price level for a reversal. Though price would reach DMid as a strong last liquidity price level before a reversal.


I ghbdr said "a fisherman waits stand at position the fish to come to his net. He does not run to the fish. The fish goes to him."
Im looking at DHigh for plausible targets although stochs might speak louder.

Just showing what I did, still in the early learning period.

Took profits in DR1 after i saw a reaction, price might reach DOpen before a reversal? who knows i will keep an eye

I trully belive theres great traders in this thread, that migh be able to answer my question;
Regarding yesterdays entry on gold, studying the price action from yesterday’s session and I’m hitting a wall trying to understand the institutional logic behind a specific level. During the Asia session, I was watching DR1 / DH4. It initially rejected price, but was then overrun multiple times (liquidating the sellers). To my eyes, it looked like the selling power at DR1 was completely exhausted because the level kept getting pierced (red boxes on my chart). And therefore there where no longers sellers at that price. Fast forward to the NY Open: I took an entry at DMid (yellow line). I expected DR1 to be "clear" since it was already liquidated in Asia/London. Instead, price reacted to DR1 with heavy rejection not once, but twice before finally continuing toward D High.

- My Question: Why does a key level that showed clear "exhaustion/liquidity clearing" in the Asia session suddenly become a point of heavy institutional defense during the NY Open?

M15 chart from yesterday:

Another example in USD/JPY from yesterday;
Where during london session, price wicked through through DL3 and closed way over the key level [what I see as liquidating sellers at that point] but 2h price retouched DL3 [What I understand as price reaching for liquidity before continuing with the trend], so my question why was DL3 used as a liquidity pool if we saw just 2h before how price had already used it as a liquidity pool. And how i see it, no more sellers at that level.

Thanks to everybody, solving this doubt would be very helpful.

Ask that to the algos manipulating the markets all the time

just play with the trend, your key price levels and you'll be good my man.

This is tipycal behavehour. Sup becomes res. They call them flip zones. They are used both ways

thanks ghbdr

Playin the pattern. some tgts up there on HTFs. Gumps protected

Addin

Missed the sweet spot at last ext. But got in at the next one. Anyway done for today. More than enough banked. Have a nice weekends folks!