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  • #35,141
  • Jun 28, 2024 10:07am Jun 28, 2024 10:07am
6h to rock the boat.
  • #35,142
  • Jun 28, 2024 10:27am Jun 28, 2024 10:27am
Quoting j4rvi5
hoping for some buys @2322-2319 . Reason is 4h, 1h, 30m Demand Zone {image}
2320 might not be a bad idea,
bowman will make it happen it didn't hit my limit order came straight down to 2325
there was a pump 2333 but my limit order was little away,
no problem next time,
buy i not a bad idea but i will be careful market will get slow after 2 hours,
and then open positions in weekends,
and Sunday we have France election also,
it will not effect the gold but who knows maybe,
so sell or buy either way be careful man,
Good luck
Don't compare your Trades with Others
  • #35,144
  • Jun 28, 2024 4:14pm Jun 28, 2024 4:14pm
Bank levels liquidity of orders being placed before price movement is let loose, and it appears to happen every day.
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  • #35,145
  • Jun 28, 2024 5:34pm Jun 28, 2024 5:34pm
Quoting krishn
Bank levels liquidity of orders being placed before price movement is let loose, and it appears to happen every day. {image}
Your English is very poor.
  • #35,146
  • Edited 7:42pm Jun 28, 2024 6:22pm | Edited 7:42pm
Quoting edge540
{quote} Your English is very poor.
Lol! I never thought that I was taking an English language test here. As you must very clearly see, nobody is writing a thesis in here for their graduation.

You must definitely attend to an online college class, and the sooner most probably yourself the better before opening one's big mouth spouting drivel.

Then, if you still feel that the English is lacking in meaning here, I suggest you take a deep breath and enjoy life rather than moaning and complaining. You may feel happier and calmer and also drink some water, take a chill pill or two rather than sipping beers every day. Your mind may be more at rest and refreshed afterwards.

Nobody is perfect, and don't believe that you are, therefore, teacher. Hopefully, this would stop giving you a constant headache as a so-called language inspector.
  • #35,147
  • Jun 29, 2024 1:54am Jun 29, 2024 1:54am
No commercial agendas here!
Sry traders!
It's all about Timing!!!
  • #35,149
  • Jun 29, 2024 6:33am Jun 29, 2024 6:33am
Quoting krishn
{quote} Lol! I never thought that I was taking an English language test here. As you must very clearly see, nobody is writing a thesis in here for their graduation. You must definitely attend to an online college class, and the sooner most probably yourself the better before opening one's big mouth spouting drivel. Then, if you still feel that the English is lacking in meaning here, I suggest you take a deep breath and enjoy life rather than moaning and complaining. You may feel happier and calmer and also drink some water, take a chill pill or...
I would like to test technically something..

Doesn't mean i am pointing you. Am following this forum thread for few members.

I saw your last post. I have some doubt with your chart. If you don't mind can you explain. Not only him/her.

Anyone please.
SURFER
  • #35,150
  • Jun 29, 2024 6:36am Jun 29, 2024 6:36am
Quoting krishn
Bank levels liquidity of orders being placed before price movement is let loose, and it appears to happen every day. {image}
____________ Thanks for ur Time + S$harin !
Don’t focus on making $$$, focus on protecting what you have.
  • #35,151
  • Jun 29, 2024 8:04am Jun 29, 2024 8:04am
Quoting edge540
{quote} Ihr Englisch ist sehr schlecht.
my English is even worse, interesting remarks from krishn
  • #35,152
  • Jun 29, 2024 8:13am Jun 29, 2024 8:13am
what is both Filagtition off trade please guide me all members
  • #35,153
  • Jun 29, 2024 10:33am Jun 29, 2024 10:33am
Quoting edge540
{quote} Your English is very poor.
English ain't shit in trading go be a grammar nazi elsewhere
  • #35,154
  • Edited 12:03pm Jun 29, 2024 11:00am | Edited 12:03pm
Quoting Elliottway
{quote} I would like to test technically something.. Doesn't mean i am pointing you. Am following this forum thread for few members. I saw your last post. I have some doubt with your chart. If you don't mind can you explain. Not only him/her. Anyone please.
Try to test and add the Bank-Levels indicator attached to the chart for your analysis to see where the Big Banks are placing their daily orders and when they are done price moves either up or down. Good luck on your analysis.

You may find obviously that at a time the big banks are placing their order for liquidity twice on the same day and price move vigorously then either on an uptrend or a downtrend. So test it first on your demo account and to check how to use this indicator.
Attached File(s)
File Type: ex4 Bank-levels.ex4   18 KB | 382 downloads
  • #35,155
  • Jun 29, 2024 11:22am Jun 29, 2024 11:22am
Quoting edge540
{quote} Your English is very poor.
language doesn't matter if you want to get information from others and in his scenario just look at his points not his english grammer.......TBH,nobody gives proper respect if you go to other countries.....english is jus a medium for doing contact with other and need good english i think it needs in a professional business meeting or else......look i want to say,just focus on main topics of him or else trader and use your little brain also....

no one are expert in english perfectly or else thing also
Be Calm In Every Situation
  • #35,156
  • Edited 2:14pm Jun 29, 2024 1:07pm | Edited 2:14pm
Last week 15 minutes chart XAU USD Price Action analysis. Please add your analysis when possible. Thanks.
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  • #35,157
  • Jun 29, 2024 1:54pm Jun 29, 2024 1:54pm
XAU USD 1 hour chart analysis and for next week with a probable price action.
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  • #35,158
  • Jun 29, 2024 5:30pm Jun 29, 2024 5:30pm
Quoting krishn
{quote} Try to test and add the Bank-Levels indicator attached to the chart for your analysis to see where the Big Banks are placing their daily orders and when they are done price moves either up or down. Good luck on your analysis. You may find obviously that at a time the big banks are placing their order for liquidity twice on the same day and price move vigorously then either on an uptrend or a downtrend. So test it first on your demo account and to check how to use this indicator. {file}
It is plotting a trendline at a specific time; for me, at UTC+5:30, it plots at 16:30 on my chart.
Is there anything special about that time?
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  • #35,159
  • Jun 29, 2024 5:45pm Jun 29, 2024 5:45pm
Quoting NolanFelix
{quote} It is plotting a trendline at a specific time; for me, at UTC+5:30, it plots at 16:30 on my chart. Is there anything special about that time? {image}
I am on European/London time with bank-levels indicator, and on my 1-hour chart it is plotting exactly like yours. I checked and see no differences.
  • #35,160
  • Edited 7:11pm Jun 29, 2024 6:58pm | Edited 7:11pm
XAU USD still appears bullish, however we still have to wait for Sydney and Asia market open to see the last candle on the next Fibonacci extension formation.

Currently, it is above the Fib golden zone for the uptrend. So if the Monday candle closes above 50 fib, then a buy order is valid.

A double bottom is likely forming for the retest to the neckline and then to the uptrend.

You will see a few examples of double bottom pattern below (note it is therefore not on a Gold specific chart).

Advantages

  1. You can trade double bottom patterns in any timeframe, from M5 to D1 or W1;
  2. Double bottom patterns often appear in the price chart;
  3. Double bottom patterns help to define pivot levels, which gives an advantage in analysis;
  4. you can trade double bottom patterns in Forex, cryptocurrency, stocks, bonds, and commodity market;
  5. Double bottoms trading has clear rules to determine entry and exit points, which reduces risks.

Drawbacks

  1. Along with double bottom patterns, there can be false breakouts and bullish traps. In particular, such things can happen in shorter timeframes, as the overall trend remains bearish in a longer timeframe. In this case, you will trade against the trend, which is not safe.
  2. There often can form a triple bottom pattern, confusing traders. In this case, the trade is entered not correctly. To reduce the risks of losing money, one should always set stop losses.

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