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  • #25,461
  • Jan 8, 2024 8:44pm Jan 8, 2024 8:44pm
Did you saw the 50 up candles without any pullback on Asia?

This is Negative Gamma, swings are exaggerated in one or another direction.

Market might be preparing for a big swing in a single direction without any pullback on CPI data, just like Dow did last CPI (12 days up in a row - with Negative Gamma previous to release).
  • #25,462
  • Edited 11:07pm Jan 8, 2024 10:55pm | Edited 11:07pm
Quoting Jonas4
Did you saw the 50 up candles without any pullback on Asia?
what time frame are you talking about?., and what pair?
...thank you
dolce vita
  • #25,463
  • Jan 8, 2024 10:58pm Jan 8, 2024 10:58pm
31.10 is a middle line of daily (20xx) for now

DeMark's range for today:
2037th DR1
2007th DS1
dolce vita
  • #25,464
  • Jan 8, 2024 11:05pm Jan 8, 2024 11:05pm
Situation 1: Gold will jump above 2036, take support and then continue its long PA to 2040-42 area.
Situation 2: Gold will break out below 2031 support and fall back to 2027-25 area if it goes through this area, look for 2019 again.
Secret to the Price Action is Liquidity.
  • #25,465
  • Jan 8, 2024 11:12pm Jan 8, 2024 11:12pm
Quoting iusman23
Situation 1: Gold will jump above 2036, take support and then continue its long PA to 2040-42 area. Situation 2: Gold will break out below 2031 support and fall back to 2027-25 area if it goes through this area, look for 2019 again.
yes, like all the time
one hundred pips up.., or down (?)

make your bet
dolce vita
  • #25,466
  • Jan 8, 2024 11:17pm Jan 8, 2024 11:17pm
Quoting babayaga
{quote} yes, like all the time one hundred pips up.., or down (?) make your bet
No betting in trading, I am waiting for breakouts simply.
Secret to the Price Action is Liquidity.
  • #25,467
  • Jan 8, 2024 11:22pm Jan 8, 2024 11:22pm
Quoting iusman23
{quote} No betting in trading, I am waiting for breakouts simply.
all my respect


and if it's false breakout(?), what is your action then?
may I ask?
thank you
dolce vita
  • #25,468
  • Jan 8, 2024 11:32pm Jan 8, 2024 11:32pm
Quoting babayaga
{quote} all my respect and if it's false breakout(?), what is your action then? may I ask? thank you
The simple solution to the fake breakout is, I wait for a candle to close outside the area. Suppose resistance at 35 and support at 31 today.
In sell situation, I wait for a candle to below 2031. No entry yet, wait for next candle to break the lows of previous candle. If it does break lows of previous candle, I enter the trade.
Now in other situation, if candle is closed below 2031 and next candle is trying to go up again, 2031 area will react as resistance.
Secret to the Price Action is Liquidity.
  • #25,469
  • Jan 8, 2024 11:48pm Jan 8, 2024 11:48pm
Quoting iusman23
{quote} The simple solution to the fake breakout is, I wait for a candle to close outside the area. Suppose resistance at 35 and support at 31 today. In sell situation, I wait for a candle to below 2031. No entry yet, wait for next candle to break the lows of previous candle. If it does break lows of previous candle, I enter the trade. Now in other situation, if candle is closed below 2031 and next candle is trying to go up again, 2031 area will react as resistance.
thank you, but what I was curious of.., do you put fixed TP&SL if you enter or you are watching "price action" (?)
than you
dolce vita
  • #25,470
  • Jan 8, 2024 11:51pm Jan 8, 2024 11:51pm
Quoting babayaga
{quote} thank you, but what I was curious of.., do you put fixed TP&SL if you enter or you are watching "price action" (?) than you
I do the both. I keep eyes on candles, if there is high volume, I hold the trade to my TP&SL. If the volume is low, I close my trade in profit when the candle is exhausted.
Secret to the Price Action is Liquidity.
  • #25,471
  • Jan 9, 2024 12:11am Jan 9, 2024 12:11am
Quoting iusman23
{quote} I do the both. I keep eyes on candles, if there is high volume, I hold the trade to my TP&SL. If the volume is low, I close my trade in profit when the candle is exhausted.
thank you
dolce vita
  • #25,472
  • Jan 9, 2024 12:19am Jan 9, 2024 12:19am
imo, today we can go up or down as usually.., and probably we expect up move ( because of "gold")
there is no clear direction.., at least for me
M30, ichi
Attached Image (click to enlarge)
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27-40th as levels & price into the cloud

H4, Stoch, divergence
Attached Image (click to enlarge)
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charting with fxstreet

H4,VolumebyPrice
Attached Image (click to enlarge)
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we are in the "gold" middle

so, let's keep it simple, stupid (KISS)
& stay safe
dolce vita
  • #25,473
  • Jan 9, 2024 12:34am Jan 9, 2024 12:34am
btw, there is no "big" news today
so, can we expect "pure price action" (?)
or
"smash" day
kind of rhetorical question
dolce vita
  • #25,474
  • Jan 9, 2024 12:57am Jan 9, 2024 12:57am
Quoting iusman23
{quote} The simple solution to the fake breakout is, I wait for a candle to close outside the area. Suppose resistance at 35 and support at 31 today. In sell situation, I wait for a candle to below 2031. No entry yet, wait for next candle to break the lows of previous candle. If it does break lows of previous candle, I enter the trade. Now in other situation, if candle is closed below 2031 and next candle is trying to go up again, 2031 area will react as resistance.
but what happens when you are waiting for second candle and in that candle it gives movement of 50 pips approx...i mean it goes to its support...and now in next candle it go up....so...what is your POV in that situtaion....hope so you understand me what i am telling you
Be Calm In Every Situation
  • #25,475
  • Jan 9, 2024 1:07am Jan 9, 2024 1:07am
Quoting babayaga
btw, there is no "big" news today so, can we expect "pure price action" (?) or "smash" day kind of rhetorical question
Good morning
Well, hope to see pure price action as yesterday
Ranges almost the same as yours, atm just enjoying the coffee, and thinking about first scalp with shorting...
Will see what second cup of coffee will tell me
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #25,476
  • Jan 9, 2024 1:11am Jan 9, 2024 1:11am
Quoting sambhav30
{quote} but what happens when you are waiting for second candle and in that candle it gives movement of 50 pips approx...i mean it goes to its support...and now in next candle it go up....so...what is your POV in that situtaion....hope so you understand me what i am telling you
For that, you look at M15 chart for clean entry.
Secret to the Price Action is Liquidity.
  • #25,477
  • Jan 9, 2024 1:13am Jan 9, 2024 1:13am
Quoting iusman23
{quote} For that, you look at M15 chart for clean entry.
yes i am using 15 tf mostly
Be Calm In Every Situation
  • #25,478
  • Jan 9, 2024 1:14am Jan 9, 2024 1:14am
2044-45 is a SELL Zone.
2019/2025 is a BUYing Zone.
waiting for London open.
Secret to the Price Action is Liquidity.
  • #25,479
  • Jan 9, 2024 1:15am Jan 9, 2024 1:15am
First for today,shorted.
tp 31-30. Trade safe
Attached Image (click to enlarge)
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Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #25,480
  • Jan 9, 2024 1:33am Jan 9, 2024 1:33am
Quoting SkullCandy
{quote} Good morning Well, hope to see pure price action as yesterday Ranges almost the same as yours, atm just enjoying the coffee, and thinking about first scalp with shorting... Will see what second cup of coffee will tell me
ciao,
I enjoyed my two
Attached Image (click to enlarge)
Click to Enlarge Name: Moka_Animation.gif Size: 46 KB

a few hours ago.., probably will repeat
have a nice day


P.S. it's moka-animation, just click...
dolce vita
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