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  • #45,981
  • Oct 7, 2024 10:13am Oct 7, 2024 10:13am
Quoting azhantahir
{quote} Prices are already in. 10 days already in a squeezed area. Today is becoming 11 days.
yeh been consolidating forever
might even carry on for another 10 days
  • #45,982
  • Oct 7, 2024 10:14am Oct 7, 2024 10:14am
Quoting Mrbhatti
Looking at the breaks {image}
Its looking like it could go long
  • #45,983
  • Oct 7, 2024 10:15am Oct 7, 2024 10:15am
Quoting Interesting0
{quote} Profits a profit

100%
  • #45,984
  • Oct 7, 2024 10:15am Oct 7, 2024 10:15am
Quoting Interesting0
{quote} yeh been consolidating forever might even carry on for another 10 days
data has been good from u.s. and had no real move down so expectant of a real correction just needs a push but the war fear keeping it hung
  • #45,985
  • Oct 7, 2024 10:18am Oct 7, 2024 10:18am
Quoting Interesting0
{quote} yeh been consolidating forever might even carry on for another 10 days

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 63 KB

10 days already passed. we are in the consolidation of the week
Look right, we'll see the signs
  • #45,986
  • Oct 7, 2024 10:24am Oct 7, 2024 10:24am
Trading for today so far:

Attached Image (click to enlarge)
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  • #45,987
  • Oct 7, 2024 10:27am Oct 7, 2024 10:27am
add short at 2646.20
Sl : 2650.50
Tp : TBD
  • #45,988
  • Oct 7, 2024 10:28am Oct 7, 2024 10:28am
Quoting Orand
add short at 2646.20 Sl : 2650.50 Tp : TBD

To be honest, the Risk vs Reward is not high enough to trade in this PA...

I am on the sidelines, maybe I can find some entry point.
  • #45,989
  • Oct 7, 2024 10:29am Oct 7, 2024 10:29am
Quoting azhantahir
{quote} Major and Minor (SnR) D1 and H4 for current accumulations (W1 Area). Positions depend on what prices are doing. Take it for granted and hold it for granted. Please respect what prices are doing. Just a personal opinion. Trade safe. #SnR personal opinion (unknown and subjective based on trader methodology) {image}
I'm still a BUYER. Still focused on it. My priority only buying after intraday happens at buy-side liquidity. . Currently, prices already created a Lower Low of the day (internal mid-range). There should be another Higher High (internal mid-range) coming soon (by today or tomorrow). A new Higher High means continuing to sell (by today or tomorrow). Just a personal opinion. Trade safe

already 10 days into the consolidations of the week.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 80 KB
Look right, we'll see the signs
  • #45,990
  • Oct 7, 2024 11:14am Oct 7, 2024 11:14am
Quoting NrSLionHeart
{quote} To be honest, the Risk vs Reward is not high enough to trade in this PA... I am on the sidelines, maybe I can find some entry point.
Not quite agreed. RRR: When sideway, for swinger maybe not suitable coz the price can go to the upper point and at the same time go to the lower point. For Scalper or Intraday, maybe worthful. As a retailer trader, we have to use multiple methodologies before entries happen (multi-technical analysis + FA). Personally I'm a naked chart trader, using 3-4 methods at the same time. Price Actions, SnR, SMC Algorithm, BO and CRS. In the other ways, i have to choose either one WHAT SHOULD BE: WHO YOU ARE FOR TODAY (become a BUYER or SELLER). If i choose BUYER, WHAT KIND OF BUYER YOU ARE? (SCALPER, INTRADAY or SWINGER).. Lots of DICIPLINE to concluded. Only you knows WHO you are.

Just a personal opinion.
Look right, we'll see the signs
  • #45,991
  • Oct 7, 2024 11:18am Oct 7, 2024 11:18am
Quoting Orand
add short at 2646.20 Sl : 2650.50 Tp : TBD
sl almost hit , close this one with +20pip at 2644.20
  • #45,992
  • Oct 7, 2024 11:21am Oct 7, 2024 11:21am
Quoting azhantahir
{quote} Not quit agreed. RRR: When sideway, for swinger maybe not suitable coz the price can go to the upper point and at the same time go to the lower point. For Scalper or Intraday, maybe worthful. As a retailer trader, we have to use multiple methodologies before entries happen (multi-technical analysis + FA). Personally I'm a naked chart trader, using 3-4 methods at the same time. Price Actions, SnR, SMC Algorithm, BO and CRS. In the other ways, i have to choose either one WHAT SHOULD BE: WHO YOU ARE FOR TODAY (become a BUYER or SELLER). If...

I think it can often feel safer when price is uncertain and volatile as its up down up down, if it goes against you it normally gives you a chance to get out risk free or profitable.

Whereas when a strong trend is formed you better hope you picked the right side.

I also don’t stick to one method
  • #45,993
  • Oct 7, 2024 11:24am Oct 7, 2024 11:24am
Quoting AUsome
{quote} I think it can often feel safer when price is uncertain and volatile as its up down up down, if it goes against you it normally gives you a chance to get out risk free or profitable. Whereas when a strong trend is formed you better hope you picked the right side. I also don’t stick to one method
only you know yourself. The idea is there.
Look right, we'll see the signs
  • #45,994
  • Oct 7, 2024 11:26am Oct 7, 2024 11:26am
Quoting azhantahir
{quote} only you know yourself. The idea is there.
I know that I am a big risk taker haha, so I need to take steps to mitigate that
  • #45,995
  • Oct 7, 2024 12:03pm Oct 7, 2024 12:03pm
Is the current decline in gold price also the reason for the AUD to fall against other currencies? I try to understand the underlying fundamentals
  • #45,996
  • Oct 7, 2024 12:48pm Oct 7, 2024 12:48pm
Quoting TradinJu
Is the current decline in gold price also the reason for the AUD to fall against other currencies? I try to understand the underlying fundamentals
In normal case, then it could be, since Australia stay amongst gold exporters. But AUD weakness doesn't necessary align with gold. Fundamentally, USD is gaining favors because of strong NFP last Friday. Gold also stalled because of this too, but it not fall yet. You can see in bigger timeframe, like H4 for example, clearly in ranging. If gold should be weak like AUD, it should already break the range and going down more.....It can imply that gold still has high demand, but at the moment Bulls find little motivation to push it higher, maybe in the near future.
If you want to do more fundamentals, Monday after NFP is the best day to do the research since this time is when big traders, banks, institutions do what they projecting about future economy with the premise of NFP.
  • #45,997
  • Oct 7, 2024 1:44pm Oct 7, 2024 1:44pm
Quoting Orand
{quote} Short at : 2651.3 SL : 2655.3 TP : TBD
close this one at 2641.80
  • #45,998
  • Oct 7, 2024 1:45pm Oct 7, 2024 1:45pm
Quoting Orand
{quote} close this one at 2641.80
going down bro pretty confident now after fed comment… but profit banked is +++++
  • #45,999
  • Oct 7, 2024 1:49pm Oct 7, 2024 1:49pm
Quoting Interesting0
{quote} going down bro pretty confident now after fed comment… but profit banked is +++++
Want go to bed , need to reduce risk , though still got 1 position open ,
  • #46,000
  • Oct 7, 2024 1:51pm Oct 7, 2024 1:51pm
Quoting Interesting0
{quote} going down bro pretty confident now after fed comment… but profit banked is +++++
and we don't know what might happen between israeel and iran during thses nights
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