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Elliottway replied Jan 2, 2025It's important not to judge others without understanding them first. Judging people without knowing them is not good manners. Even if I use AI to align the text, there's no problem with that. I'm just trying to share a clear message in this forum. ...
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Elliottway replied Jan 2, 2025Have you ever shared a long term hold strategy and successfully reached your target before? If so, could you please tag that message for my understanding? Thank you.
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Elliottway replied Jan 2, 2025Smart individuals always find ways to simplify their approach. If you label it as AI, that isn't acceptable and indicates that you are not ready to evolve or improve yourself.
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Elliottway replied Jan 2, 2025Frustration with the overuse of basic trading concepts and techniques that haven't evolved much over time. It's true that many traders, especially those who offer mentorship, often rely on well known but generic strategies like trend following ...
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Elliottway replied Jan 2, 2025I'm not sure why, but whenever I say buy "no one agrees" or anyone suggest a sell setup, everyone seems to agree. However, when the market moving up, they all start to sell and try to catch the top. Soon, price will find the resistance, it will drop ...
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Elliottway replied Jan 2, 2025Buy scaled in at the 2636 level and am now waiting for a breakout above the 2648-2650 range.
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Elliottway replied Jan 2, 2025The range between 2648 and 2650 is expected to hold for some time. There is likely to be a period of consolidation within the range of 2636 to 2650. However, it is highly probable that the price will break above this level soon.
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Elliottway replied Jan 2, 2025Market is relatively easy to predict once we focus on monitoring invalidated levels. By identifying these levels, we can determine whether the trend will continue or reverse. Market manipulation is often exaggerated, as it plays a smaller role than ...
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Elliottway replied Dec 31, 2024The price has reached 2625, and it is expected to retrace. It will likely remain within the range of 2618 to 2629 for the time being.
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Elliottway replied Dec 31, 2024The long position was scaled in at the 2610 level, with the expectation that it will reach between 2621 and 2625.
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Elliottway replied Dec 30, 2024My ultimate target is 2594. I plan to sell if the price rises above 2619.
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Elliottway replied Dec 27, 2024Everything is proceeding according to plan. The opening fluctuation today provides a useful indication for understanding the price action. Let's continue moving with the flow.
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Elliottway replied Dec 27, 2024However, the H4 close should be above 2629. If it’s not, we will need to reassess and find an alternative approach.
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Elliottway replied Dec 27, 2024The level at 2614-8 is a good entry point for a buy. I plan to enter at this level in anticipation of an upward move.
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Elliottway replied Dec 27, 2024It seems like planning to trap the sellers. I expected this move. Alright, let's try gold. I already know where you are headed with this.
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Elliottway replied Dec 27, 2024Great analysis! You have provided a detailed overview of the market dynamics over the last few days, highlighting key movements, setups, and the impact of spreads. Your approach of avoiding trading in the last few days of the year makes sense, as ...
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Elliottway replied Dec 27, 2024Yes, exactly! This analysis is based on technicals and price action, focusing on key support and resistance levels. The targets are derived from historical price movement and common chart patterns, such as retracements and breakouts. By keeping an ...
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Elliottway replied Dec 27, 2024If the price drops from 2644-2646, the first target would be 2614-2616. After a possible retracement, the next target could be 2600-2602, which would serve as a key support level, potentially turning into resistance if prices move upward. However, ...
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Elliottway replied Dec 27, 2024Traders should be cautious around the 2644-6 level, as there is a high probability of a reversal at this point. Given that it's Friday, it's advisable to trade cautiously, considering the potential for increased volatility and market movements.
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