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  • #25,821
  • Jan 16, 2024 4:41am Jan 16, 2024 4:41am
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  • #25,822
  • Jan 16, 2024 4:43am Jan 16, 2024 4:43am
Quoting babayaga
{quote} nope

Maybe todays ~low will hold for some time.
  • #25,823
  • Jan 16, 2024 4:49am Jan 16, 2024 4:49am
Quoting Eren10
{quote} Maybe todays ~low will hold for some time.
what about daily pivot
?
dolce vita
  • #25,824
  • Jan 16, 2024 4:56am Jan 16, 2024 4:56am
Quoting babayaga
{quote} what about daily pivot ?

I haven’t used pivot points, maybe I should

What value are you using? 2034 and 2028 ?
  • #25,825
  • Jan 16, 2024 5:13am Jan 16, 2024 5:13am
Quoting Eren10
{quote} I haven’t used pivot points, maybe I should What value are you using? 2034 and 2028 ?
daily at 52-54th
!
and like yesterday London does not want them
dolce vita
  • #25,826
  • Jan 16, 2024 5:38am Jan 16, 2024 5:38am
Quoting babayaga
{quote} daily at 52-54th ! and like yesterday London does not want them

Maybe 2034~ could give larger reversal to 2050.
  • #25,827
  • Jan 16, 2024 6:08am Jan 16, 2024 6:08am
Quoting aahmad29
I have chosen two different way of trades because of volatility. Best way to trade FIBO volatility levels is during high volatility like red folder time. I have posted the levels for EURUSD and XAUUSD For Asian Session Buy Stop 0.236 TP1 0.382 (BE) TP2 0.5 SL Sell Side 0.236 Sell Stop 0.236 TP1 0.382 (BE) TP2 0.5 SL Buy Side 0.236 For London or NY session (having red folder) Buy Stop 0.618 TP1 1.236 (BE) TP2 1.618 SL 0.236 Sell Stop 0.618 TP1 1.236 (BE) TP2 1.618 SL 0.236 https://youtu.be/Li9M4z4DYhE
Both XAUUSD and EURUSD trades hit the profits TP1 and TP2.

Done for the day.
Love for all; Hatred for none.
  • #25,828
  • Jan 16, 2024 6:19am Jan 16, 2024 6:19am
Quoting Eren10
{quote} Maybe 2034~ could give larger reversal to 2050.
just my thoughts
if it's all real and gold broke the LOW of yesterday daily inside bar /58.49-45.69, H&L/
we'll see at least 2020(!!!) today
or
back to 2070
've got small long at 39.35 (SL 50 pips).., now added at 36.69 (SL 50 pips)
dolce vita
  • #25,829
  • Jan 16, 2024 6:22am Jan 16, 2024 6:22am
2032 or 2050??
Look right, we'll see the signs
  • #25,830
  • Jan 16, 2024 6:22am Jan 16, 2024 6:22am
Gold turned bearish end of last year when it did its completely insane and unhealthy 2150 spike. The 2090 roof formed on Dec 27 confirmed it. I think we could see 2010 and then 1980 again pretty soon.
  • #25,831
  • Jan 16, 2024 6:28am Jan 16, 2024 6:28am
2019 to 2045 area is a nightmare for me man. Not again.
Secret to the Price Action is Liquidity.
  • #25,832
  • Jan 16, 2024 6:30am Jan 16, 2024 6:30am
Quoting azhantahir
2032 or 2050??
probably 2042
first.., if up
dolce vita
  • #25,833
  • Jan 16, 2024 6:59am Jan 16, 2024 6:59am
Quoting Zebi
{quote} hes a fraud cause he doesnt trade...he makes his money from youtube views and mentorships or something like that...hes just a salesman he stole everything in his system from the oldtimers a 50-100 years ago...gave everything new names and the 20somethings buy into it all he does is show support/resistance trading and thats it his FVG is just the plain ole long candles midpoint that traders have used for a century LOL his quasimodo is just a damn head and shoulders pattern his order block is nothing more than an inside candle.... so the shit...
Woah, i got quoted haha. I must admit, i got enamoured with SMC/ICT for a while. However, 2 things stood out to me.

 

  1. I recognise ICT from LONG LONG ago when he was still posting here and on BabyPips. Before all this smart money jargon.
  2. I have a pretty in-depth knowledge of "retail" TA. I particularly studied the Crown/2B pattern in depth which basically a fake-out play. The cool kids call it the 2022-mentorship model. The whole ChoCh/MSS (Market Structure Shift) is just a crown/2b/quasimodo pattern. OTE (Optimal Trade Entry) is just 61.8% fib, which itself nothing magical - it just facilitates good R:R. Breaker Blocks are just Break-Retests. Reinventing the freaking wheel with a ton of unnecessary jargon. All that time can be better spent backtesting rigorously.


I think people wouldn't have much of a problem if ICT wasn't a narcissist who blew his MyFxbook account and if his followers weren't so cult-like. We would just relegate them to another fringe methodology of trading. I think the thing I can't stand the most is the whole YouTube biz that has exploded around ICT content that is especially filled with British teenagers.

Leave the Gun, Take the Armani
  • #25,834
  • Jan 16, 2024 7:23am Jan 16, 2024 7:23am
Quoting babayaga
{quote} just my thoughts if it's all real and gold broke the LOW of yesterday daily inside bar /58.49-45.69, H&L/ we'll see at least 2020(!!!) today or back to 2070 've got small long at 39.35 (SL 50 pips).., now added at 36.69 (SL 50 pips)
ok, out of my long
dolce vita
  • #25,835
  • Jan 16, 2024 7:35am Jan 16, 2024 7:35am
Quoting azhantahir
2032 or 2050??
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Look right, we'll see the signs
  • #25,836
  • Jan 16, 2024 7:37am Jan 16, 2024 7:37am
wait of closing this candle for long
Be Calm In Every Situation
  • #25,837
  • Jan 16, 2024 7:49am Jan 16, 2024 7:49am
All Short positions are closed Green, but missed my Long entry on 33...
But satisfied with today's overall pips...
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  • #25,838
  • Jan 16, 2024 8:25am Jan 16, 2024 8:25am
Quoting iusman23
{quote} I know support and resistance trading but I fail to enter a trade most of the times. Suppose I am certain that price will reject at resistance but what I do is I wait for a candle to close bearish on resistance and then next candle to break the lows of previous canlde. The issue I face is the first candle I wait for to close goes too long that my SL becomes a disaster (huge) for me. So I avoid entering such a trade. That's what made me look for SMC. I have mastered support and resistance already. But I guess I should learn FVG with that...
Listen bro, support and resistance work but it sounds like you have not done enough backtesting and forward testing to figure out how it works for you. Every strategy works like randomly buying or selling at any given area over 100 trades will net you a 50% win rate. The key is to find a system that you like; that fits your personality, then backtest, forward test it, and then create a trading plan. Your trading plan must address uncertainty. So for example, how do you enter the trade? How do you calculate your stop, TP? Also important is how do you know that your setup is invalidated. And the MOST IMPORTANT OF ALL is to use risk management. You will come out on top with risk management.
  • #25,839
  • Jan 16, 2024 8:29am Jan 16, 2024 8:29am
2013??
Look right, we'll see the signs
  • #25,840
  • Jan 16, 2024 8:36am Jan 16, 2024 8:36am
in this year till now....i didn't get any perfect entry till now.....i don't understand that is my strategy is wrong and i have to find a new strategy or i have to modify or work more in this strategy......can any mentor guide me?
Be Calm In Every Situation
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