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  • #29,201
  • Mar 22, 2024 2:16am Mar 22, 2024 2:16am
Quoting Elliottway
Really, Parveenverma is good soul. I am really happy today. Your hint made my day. I will search liquidity level for all the time frame. Depends on volatile strength, minimum or maximum retracement level - liquidity level = position. Tp will set depends on the atr from tf liquidity level. Let me try this rule..
Parv is good people and always has a valid opinion. I always appreciate their posts.
TechKnow
  • #29,202
  • Mar 22, 2024 2:23am Mar 22, 2024 2:23am
Quoting parveenverma
{quote} 2165 is 4H 61.8% support level on my chart and 2159-60 is a hidden liquidity zone that need to be tested before any price rise. A lots of bulls hidden in that area but if bears will take control there in fight then they will again reach in their zone and price may continue drop after that. Trade safe
So Buddies .....2165 hit. I booked my 1st lot of GOLD Sells for today and made remaining trades risk free till 2059-60.Trade safe
  • #29,203
  • Mar 22, 2024 2:23am Mar 22, 2024 2:23am
Quoting parveenverma
{quote} If you want to trade forex market than only real thing to follow is " LIQUIDITY".
any guidance in this ? Trying to learn how to. Many thanks
  • #29,204
  • Mar 22, 2024 2:34am Mar 22, 2024 2:34am
Quoting susu.chuen
{quote} any guidance in this ? Trying to learn how to. Many thanks
You can found lots of articles related to market liquidity on internet.Google it and start your study and then follow it.Trade safe
  • #29,205
  • Mar 22, 2024 2:40am Mar 22, 2024 2:40am
its time for a reverse. Who follows me ?
  • #29,206
  • Mar 22, 2024 3:07am Mar 22, 2024 3:07am
Hi all! After a good day yersterday, a new one which will be difficult. I am waiting for 2158/2159 to take longs on Gold.

Trade safe all!
  • #29,207
  • Mar 22, 2024 3:12am Mar 22, 2024 3:12am
LO
There is a lot to do for Gold, intraday, I am optimist
Attached Image (click to enlarge)
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  • #29,208
  • Mar 22, 2024 3:45am Mar 22, 2024 3:45am
Time for some support, back in to long @ 2165.

Only a correction imo, it's a good chance for bulls to double up and get rid of bad entries they made on 2200+
ma ma make me happy
  • #29,209
  • Mar 22, 2024 3:51am Mar 22, 2024 3:51am
Quoting Techknow
Can wiggle down a little more if it wants, no worries. Either way is fine. {image}
Trickle trickle trickle
Attached Image (click to enlarge)
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TechKnow
  • #29,210
  • Mar 22, 2024 3:52am Mar 22, 2024 3:52am
Quoting hanzohas
time for some support, back to long @ 2165.
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  • #29,211
  • Mar 22, 2024 3:55am Mar 22, 2024 3:55am
Quoting Jolita
{quote} Ohh, I should have listened to my GT feeling to close in profit in the morning, retraced to 2079. I would think may go to 2200, this was on my old chart. But we are at highs, retest will follow, gap still not closed etc, if small it's keep it and add on to reduce, but you judge your situation as I don't know your weight.

Gold made a nice retrace from 2223 highs , 2140 in a making
  • #29,212
  • Mar 22, 2024 3:55am Mar 22, 2024 3:55am
I check the daily chart. this fall confirmed yesterday opening time. opened above the day before yesterday closing price. Refer the attached 4H/daily chart
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Attached Image
SURFER
  • #29,213
  • Mar 22, 2024 3:56am Mar 22, 2024 3:56am
Quoting hanzohas
Time for some support, back in to long @ 2165. Only a correction imo, it's a good chance for bulls to double up and get rid of bad entries they made on 2200+
But be aware, this is possibly no more than a correction. For shorts it is better just to hedge.
ma ma make me happy
  • #29,214
  • Mar 22, 2024 4:00am Mar 22, 2024 4:00am
Hope everyone is watching how the weekly candle closes later today. If it closed in this current position price action could look like this. Obviously things can change a lot before the close, but this is how it could currently look. Will update later on
Attached Image (click to enlarge)
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TechKnow
  • #29,215
  • Mar 22, 2024 4:01am Mar 22, 2024 4:01am
Isabella_D FYI in case you joined me on this, closing my USDCHF as well.

also possible resistance incoming, but the overall trend is bull, imo.

Attached Image (click to enlarge)
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ma ma make me happy
  • #29,216
  • Mar 22, 2024 4:04am Mar 22, 2024 4:04am
Also Gold: I like to see both sides the best I can to always be aware what can happen. If gold does not close above the purple TL and or red line, we could also see this action in gold next week.
Attached Image (click to enlarge)
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TechKnow
  • #29,217
  • Mar 22, 2024 4:33am Mar 22, 2024 4:33am
On the smaller time frames here, the hourly, this is what I'm watching. Looking for a close above the descending TL. It would give a very nice risk-to-reward to add long here with a very small defined Stop loss.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2024-03-22_16-32-40.png Size: 37 KB
TechKnow
  • #29,218
  • Mar 22, 2024 4:38am Mar 22, 2024 4:38am
Scalp selling at 2168.5 stop-loss 2173 take profit 2159 or close at least 50 pips profit but, i will aim 2156 near.
SURFER
  • #29,219
  • Mar 22, 2024 4:40am Mar 22, 2024 4:40am
Quoting hanzohas
My dear loser friend, here is your chance to shine. Use this support @ 2165 as an opportunity to double up longs and slay all the dragons together. Make sure to join The Bear Parade when you are done with your conquest.
We know you are out there! We see you buddy!
TechKnow
  • #29,220
  • Mar 22, 2024 4:40am Mar 22, 2024 4:40am
Quoting Loserone
In whole world I am the only one who baught at 2204
My dear loser friend, here is your chance to shine.
Use this support @ 2165 as an opportunity to double up longs and slay all the dragons together.
Make sure to join The Bear Parade when you are done with your conquest.
ma ma make me happy
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