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  • #40,001
  • Aug 28, 2024 5:51am Aug 28, 2024 5:51am
New EW update,
Expecting a deep retracement, since previous swing high failed to break.
Attached Image (click to enlarge)
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May PA guide us all, Ramen
More time in the market, does not mean you trade better!
  • #40,002
  • Aug 28, 2024 6:03am Aug 28, 2024 6:03am
Nothing but SL this week.
  • #40,003
  • Aug 28, 2024 6:03am Aug 28, 2024 6:03am
Quoting Whale
{quote} Without stoploss?
Always with a stop loss.
Split position is an entry strategy. You split the risk between the different levels you consider as support.
Ex: Entry at 2500, 2495 and 2490, all stops at 2480.
Its one position split in 3.
Easier when you don't know where retracement may end but you are confident on more upside.
We watch the charts from every angle so you don't have to!!
  • #40,004
  • Edited 6:37am Aug 28, 2024 6:16am | Edited 6:37am
Quoting profits7
{quote} _______________ new Batch , start All Over Again {image}
_________ @ steffile , just Ignore da Noise [ after da fact CRAP ]

I just Pay attn. to Pedro + TechKnow !
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Don’t focus on making $$$, focus on protecting what you have.
  • #40,005
  • Aug 28, 2024 6:16am Aug 28, 2024 6:16am
Quoting pedro319
{quote} Always with a stop loss. Split position is an entry strategy. You split the risk between the different levels you consider as support. Ex: Entry at 2500, 2495 and 2490, all stops at 2480. Its one position split in 3. Easier when you don't know where retracement may end but you are confident on more upside.
Or wait until Price established the risk.
Lower timeframe market structure shift, Swing Failure, Trendline breakout, Chanel breakout, Candlesticks ranging (at least 3 30mins candlestick hold) at your considered support.
This way we dont get caught trying to catch top/bottom, but PA itself project the probability whether the support/resistance level will hold or break.
The same apply to every level, except the level where Price run to it on economic data release but failed to break it. The only level i trade without having a reversal signal, cause the failed to break the key level itself is the reversal signal and confirmation.

But everyone has their own way approaching the market. And i think this is what makes the market gorgeous.
More time in the market, does not mean you trade better!
  • #40,006
  • Aug 28, 2024 6:16am Aug 28, 2024 6:16am
Quoting pedro319
{quote} Always with a stop loss. Split position is an entry strategy. You split the risk between the different levels you consider as support. Ex: Entry at 2500, 2495 and 2490, all stops at 2480. Its one position split in 3. Easier when you don't know where retracement may end but you are confident on more upside.
thanx.

My entry base 1h max.
so sl for such a lot pips are too much for me.
i can always re-enter if it SL hit
  • #40,007
  • Aug 28, 2024 6:20am Aug 28, 2024 6:20am
Quoting profits7
{quote} _________ @ steffile , just Ignore da Noise [ after da fact CRAP ] {image}
I got it, and still stick with the plan. Thank you, Sir!
  • #40,008
  • Aug 28, 2024 6:21am Aug 28, 2024 6:21am
Quoting worldbankinc
{quote} NEW : Signal 44-2024 has just released over weekend {image} {image}
UPDATE : BUY entry still in play. Waiting patiently for the take profit

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #40,009
  • Aug 28, 2024 6:22am Aug 28, 2024 6:22am
2500 heavily guarded, next attempt either break through or back up at 2515-2520 again, Daily changed structure to bullish again, guess it's only a matter of time until price starts rallying to the upside as well.

Too confusing
Fate goes ever, as fate must.
  • #40,010
  • Aug 28, 2024 6:24am Aug 28, 2024 6:24am
Quoting Fardeen1209
{quote} Or wait until Price established the risk. Lower timeframe market structure shift, Swing Failure, Trendline breakout, Chanel breakout, Candlesticks ranging (at least 3 30mins candlestick hold) at your considered support. This way we dont get caught trying to catch top/bottom, but PA itself project the probability whether the support/resistance level will hold or break. The same apply to every level, except the level where Price run to it on economic data release but failed to break it. The only level i trade without having a reversal signal,...
I don't work like that, most of my trades are in anticipation, it fits everything else I see across markets as well.
Thanks for reply.
We watch the charts from every angle so you don't have to!!
  • #40,011
  • Aug 28, 2024 6:29am Aug 28, 2024 6:29am
Quoting Techknow
Chart update from the other day {image}
Sorry, I could not update in time. I took this cheeky short here; I will set stops to profit now.
TechKnow
  • #40,012
  • Aug 28, 2024 6:30am Aug 28, 2024 6:30am
Let's see if we get this on H1.
One of my favourite market patterns.
W&R
Attached Image (click to enlarge)
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We watch the charts from every angle so you don't have to!!
  • #40,013
  • Aug 28, 2024 6:30am Aug 28, 2024 6:30am
Quoting pedro319
Let's see if we get this on H1. One of my favourite market patterns. W&R {image}
Seems highly likely as long as we are above 2500
TechKnow
  • #40,014
  • Aug 28, 2024 6:32am Aug 28, 2024 6:32am
Quoting Techknow
{quote} Seems highly likely as long as we are above 2500
The move up can also start a bit lower.
W&R its just one candlestick.
We watch the charts from every angle so you don't have to!!
  • #40,015
  • Aug 28, 2024 6:33am Aug 28, 2024 6:33am
My view on XAUUSD.
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  • #40,016
  • Aug 28, 2024 6:37am Aug 28, 2024 6:37am
Quoting pedro319
{quote} The move up can also start a bit lower. W&R its just one candlestick.
might close doji bearish or even flip and close doji bullish, in any case if it does i'll be a nice setup for COMEX open to bring volume up
  • #40,017
  • Aug 28, 2024 6:41am Aug 28, 2024 6:41am
Quoting pedro319
{quote} The move up can also start a bit lower. W&R its just one candlestick.
If it breaks down below, it will most likely hit 2475 ish before its next bounce.
TechKnow
  • #40,018
  • Aug 28, 2024 6:42am Aug 28, 2024 6:42am
DXY
Have you seen one of these?
Attached Image (click to enlarge)
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We watch the charts from every angle so you don't have to!!
  • #40,019
  • Aug 28, 2024 6:44am Aug 28, 2024 6:44am
Quoting Techknow
{quote} Sorry, I could not update in time. I took this cheeky short here; I will set stops to profit now.
Seems like my image disappeared so i updated it. Just to keep it real. Stops in profit and ill look for any sign of turn around to take full TP. 2475 is screaming my name though, lets see if 2500 hold first.
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TechKnow
  • #40,020
  • Aug 28, 2024 6:45am Aug 28, 2024 6:45am
Quoting pedro319
DXY Have you seen one of these? {image}
Quite rare and powerful formations. Seen no more than 50 in my entire time trading.
TechKnow
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