Price closed to upper channel and let’s see if price retest lower channel

Gold

updated positions

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I am starting to add short positions from 1972 TP 1966 (or manually closed). Price is trying to retest the lower channel. Sell 1972 TP 1965 Buy Limit @ 1962 TP 1974

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So does it mean that now downtrend is starting and will last for 56 days and then again uptrend will start after 56 days?

Analysis and Trading based on Envelopes, Waves, Cycles

I am also trying to analyze based on trend and channel. There is not enough volume to analyze at this moment. Generally I am staying with buy side. On M15 TF , upward channel developed and upper channel broke by price but then retested lower channel ...

Gold

What is your analysis for next week? I just stayed away from trading on Friday but I think I will be looking for long positions.

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Closed all my positions 1981 -1967 (14) 1976 - 1967 (9) 1960 - 1967 (7) 1953 - 1960 (7) 1960 - 1954 (6) Net Loss = 3

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Thanks

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1953-1960 Hit TP Sell limit 1960 ativated and closed at 1954 Open Long positions 1981 1970 1960

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Thanks

Auction Market Theory and Market Profile

Now i have open positions for long. Below 1948, i will start to close trades in loss and will start adding short positions. 1981 May close at Loss at 1976 1976 May close at BE 1960 TP 1970 1953 TP 1960 Sell limit @1960

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Hi I am really sorry to ask this question because i am sure that you have already answered this but please can you share any material which can help me to understand interpretation of those letters in profile. Thanks

Auction Market Theory and Market Profile

This document is nice and easy to understand. I am new to learn market and volume profile. Do you have any indicator which can mark VAH and VAL area ? Because it will be easy to do backtest or we do not have any choice and we have to mark it ...

Auction Market Theory and Market Profile

Yes I have to go home and analyze my chart again , it is time to bring money management to close the trades in minimum loss. I think I should wait for another strong support 1948

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My all positions are based on volume analysis in M1 and M5 timeframe. Those positions have nothing to do with trend or against the trend.

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Yes sometimes I mention that like I mentioned in post #8056. But mostly I am assuming that if I mention that I am taking short position then it means volume is increasing toward selling and if I take long position then it means volume is increasing ...

Gold

Thanks. I also wanted to say that I am not good in analysis so it is useless to draw lines and post chart. I am doing analysis on the base of volume study on M1 and M5 chart. It is very hectic job to study M1 chart continuously with volume but I try ...

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I am starting buying again from 1981 TP 1990 because day close above 1976. Buy limit @1976 or may be 1977

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closed long positions 1987-1984 Loss 1977-1984 Profit

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Am i overlooking or is it really gap which is not filled 1990-1992?

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