Gold (XAU/USD) with BiteFX | Crypto Craft

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Gold (XAU/USD) with BiteFX

  • #1
  • First Post: Edited Sep 25, 2025 12:27am Feb 18, 2025 4:24am | Edited Sep 25, 2025 12:27am
Advice: read everything you can on trading the forex market until you find what works best for you.
Here...
Primary Market Structure used is CHOCH and BOS.
“Ask, and it will be given to you; seek, and you will find; knock, and it will be opened to you.
For everyone who asks receives, and he who seeks finds, and to him who knocks it will be opened. Matthew 7:7-8
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  • #2
  • Feb 18, 2025 4:29am Feb 18, 2025 4:29am
Quoting BiteFX
Advice: read everything you can on trading the forex market until you find what works best for you. Here... H1 is the timeframe. 23 is the value for all indicator(s) parameter used. Primary Market Structure used is CHOCH. “Ask, and it will be given to you; seek, and you will find; knock, and it will be opened to you. For everyone who asks receives, and he who seeks finds, and to him who knocks it will be opened. Matthew 7:7-8
Attached Image (click to enlarge)
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When market is making HH in an uptrend, the five candles inside the blue box above is what forms our sell CHOCH. And vice versa.
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  • #3
  • Feb 18, 2025 4:49am Feb 18, 2025 4:49am
Quoting BiteFX
{quote} {image} When market is making HH in an uptrend, the five candles inside the blue box above is what forms our sell CHOCH. And vice versa.
Sometimes they can be less or more than five.

We trade limit orders only. With specific or mental SL.
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  • #4
  • Feb 18, 2025 4:52am Feb 18, 2025 4:52am
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  • #5
  • Feb 18, 2025 7:48am Feb 18, 2025 7:48am
[trích dẫn=BiteFX;15153939]{hình ảnh}[/trích dẫn]
Hello BiteFX, can I ask what parameters you use for ichimoku? Can you share the script? Thank you.
  • #6
  • Feb 18, 2025 7:55am Feb 18, 2025 7:55am
Quoting anhkklun
[trích dẫn=BiteFX;15153939]{hình ảnh}[/trích dẫn] Hello BiteFX, can I ask what parameters you use for ichimoku? Can you share the script? Thank you.
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  • #7
  • Feb 18, 2025 8:40am Feb 18, 2025 8:40am
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  • #8
  • Feb 18, 2025 10:33am Feb 18, 2025 10:33am
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  • #9
  • Feb 18, 2025 10:47am Feb 18, 2025 10:47am
Excellent method - it gives very good results
I am impressed
  • #10
  • Feb 18, 2025 10:52am Feb 18, 2025 10:52am
Quoting rjngh2005
Excellent method - it gives very good results I am impressed
Thank you too much for your kind words.
I am glad I am able to help someone make some extra money trading.
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  • #11
  • Feb 18, 2025 10:58am Feb 18, 2025 10:58am
Some say resistance, others say supply zone, some more say order block.
S$ LO taken first, let's wait for market to play out the probability.
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  • #12
  • Feb 18, 2025 12:43pm Feb 18, 2025 12:43pm
Quoting BiteFX
{quote} {image} When market is making HH in an uptrend, the five candles inside the blue box above is what forms our sell CHOCH. And vice versa.
Please explain the CHOCH in more details.
Thank you
  • #13
  • Feb 18, 2025 2:22pm Feb 18, 2025 2:22pm
Quoting aelimian
{quote} Please explain the CHOCH in more details. Thank you
CHOCH is change of character.
I use one H1 TF candle to represent bullish movement and bearish movement respectively. Say Blue and Red.
Find a set up like that image I shared on your H1 TF chart.
Next, plot a horizontal line at it's close (the bearish close).
Drop down to 30m chart, extend the line to the lowest close of the two 30mins candles inside the H1 bear candle in your set up. This is BOS(Break of Structure).
When another bear candle closes below that BOS bear/red close, you have your CHOCH.
If there is a bearish divergence supporting the CHOCH and a break below our Ichimoku up cloud set up, we have a sell reversal day.
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  • #14
  • Feb 18, 2025 2:30pm Feb 18, 2025 2:30pm
Quoting BiteFX
{quote} CHOCH is change of character. I use one H1 TF candle to represent bullish movement and bearish movement respectively. Say Blue and Red. Find a set up like that image I shared on your H1 TF chart. Next, plot a horizontal line at it's close (the bearish close). Drop down to 30m chart, extend the line to the lowest close of the two 30mins candles inside the H1 bear candle in your set up. This is BOS(Break of Structure). When another bear candle closes below that BOS bear/red close, you have your CHOCH. If there is a bearish divergence supporting...
These closes are also known as liquidity/stop hunt levels.
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  • #15
  • Feb 18, 2025 2:43pm Feb 18, 2025 2:43pm
Quoting BiteFX
{quote} These closes are also known as liquidity/stop hunt levels.
Those are the levels where you are likely to put your SLs when you are buying. The blue candles on the left and right of those red candles makes the formation our typical BOS. If you drop down to lower TFs you will see for yourself.
Now, when a bear candle closes below any of these closes, it is our typical CHOCH here.
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  • #16
  • Feb 18, 2025 11:03pm Feb 18, 2025 11:03pm
We have bearish CHOCH from BOS at 2933.35 and 2931.05 respectively.

2934.90 is bullish CHOCH. Telling us that market will make new ATH again. But wait for sell to finish up what it started.

Let's see what confirmations the cloud and momentum will give.
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  • #17
  • Feb 18, 2025 11:31pm Feb 18, 2025 11:31pm
Other indis show signs of potential sell reversal. We are waiting for cloud.
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  • #18
  • Feb 18, 2025 11:34pm Feb 18, 2025 11:34pm
Quoting BiteFX
Other indis show signs of potential sell reversal. We are waiting for cloud. {image}
If market continues up, we will find an entry point, and join the movement.
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  • #19
  • Feb 19, 2025 12:23am Feb 19, 2025 12:23am
Quoting BiteFX
{quote} If market continues up, we will find an entry point, and join the movement.
how much your aim price higher last in your technical ? i see now gold moving very fast
  • #20
  • Feb 19, 2025 1:30am Feb 19, 2025 1:30am
Quoting MoneyX2plyr
{quote} how much your aim price higher last in your technical ? i see now gold moving very fast
I am expecting a sell reversal from that high. So the current highest high on the chart is my SL. If that is breached, then I will find a buy entry position.
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