No attacks just gold trades/analysis

Quoting canyouu

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{quote} even 4480 could trigger the sells but 4486-90 is the best for me but now buy yet until maybe 4433-25 {image} even 4480 could trigger the sells but 4486-90 is the best for me but now buy yet until maybe 4433-25

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Quoting canyouu

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{quote} A sell at 4486-90, sl at 4500 and tp at 4440/35, i believe market will go down to do a proper test somewhere 4440-30 before the buy resumes again {image} A sell at 4486-90, sl at 4500 and tp at 4440/35, i believe market will go down to do a proper test somewhere 4440-30 before the buy resumes again

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Quoting mloistianto

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Wow that is a dangerous reaction. I am staying out for now. If this move up proved to be a false break to clear seller, i will wait below to buy later today. Cheers

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Quoting canyouu

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{quote} when market is trading on major zone or between major zones these moves are likely to happen

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Quoting canyouu

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{quote} when market clears the low it reverses for entry then more sells and that is what happening but I don't see the buy happening now until 4433-25 or anywhere from 4446

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Quoting canyouu

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{quote} i guess that is what they call it turtle soup strategy and I don't know the reason for the name

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Quoting canyouu

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{quote} when market is trading on major zone or between major zones these moves are likely to happen

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Quoting Anxnd

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{quote} I'm in sell buddy 4992 what's your tp?

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Quoting mloistianto

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{quote} Yes it seems this time it works just as you predicted. Let us see how this plays out. Hopefully i could get a chance to buy later today. Cheers

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Quoting mloistianto

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{quote} SL hit @4470

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Quoting canyouu

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{quote} when you see that a trade will fail but price could reverse in your direction after it test the next zone please try and close even if it's 50 pips or less from entry and rather trade again at the next zone because it gives you to use a reasonable sl again or reduce losses completely, yesterday after i saw the trade had become invalid i closed at entry with no loss and entered again at 4482 and after i saw price was finding it difficult to move above 4495 i knew it was risky so I brought sl to 4477 which was just part of the entry i gave...

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Quoting canyouu

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{quote} your sl was at 4470 and it could have even touched 4469 and reverse to buy more which you would be out because you were holding the first sell you couldn't increase the sl a bit

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Quoting mloistianto

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{quote} Yes it seems this time it works just as you predicted. Let us see how this plays out. Hopefully i could get a chance to buy later today. Cheers

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Quoting canyouu

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{quote} not that the buy yesterday didn't have a good reason behind it ooo, i guess market set a trap by not testing 4446 or 4433-28 ideally and that is what I wait to find

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Quoting Anxnd

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{quote} 4477 is worth to wait let's see

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Quoting Anxnd

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{quote} SL hit 4482 what's going on?

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Quoting mloistianto

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{quote} From what i learned, based on the structure, this is in the middle of big move. so maybe it is common for gold to behave like this before it moves. So Accurate SL will help. Thats why i am staying out for now, if it shows more clearer pattern and rejection, i will join. Cheers

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