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  • #61,821
  • Jan 27, 2025 5:39am Jan 27, 2025 5:39am
Quoting Azen
{quote} Just a question. How do you confirm rejection?
I mentioned "rejection" because the price was unable to break through that area, followed by a sudden move down. I知 sure there are many solid ways to confirm a rejection, but I was simply responding to your analysis. I always follow your posts and those of other knowledgeable members here.

I知 new and trying to learn from all the seniors.

Could you please explain how you confirm a rejection? It would definitely help me strengthen my concepts and improve my logic.
  • #61,822
  • Jan 27, 2025 5:39am Jan 27, 2025 5:39am
i have a small sell setup
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  • #61,823
  • Jan 27, 2025 5:40am Jan 27, 2025 5:40am
Quoting schumat
{quote} Nobody owns the market and you cannot say for sure what is going to happen next as well. Remember price does not move in a straight line. {image}
I can say it's going up for sure because there's no way we see the 2750's again today, it's what I've been saying all day. Follow the trend! The market is telling us it's going up so why fight it
  • #61,824
  • Jan 27, 2025 5:41am Jan 27, 2025 5:41am
Quoting dele5000
Since it has swept the Asian low, it is highly likely that it will go to asian high and above, so if there will be sell opportunity, it is probably at asian high and above. It may not even give any sell signal again today since Asian low has already been swept
What if it sells? What if today is the day it sweeps both high and low?
  • #61,825
  • Jan 27, 2025 5:49am Jan 27, 2025 5:49am
Quoting schumat
{quote} What if it sells? What if today is the day it sweeps both high and low?
It won't sell, 0% chance of that happening now, I'm sorry to say but if you're not in buys you're destroying your own account
  • #61,826
  • Jan 27, 2025 5:51am Jan 27, 2025 5:51am
Quoting Commodities
{quote} It won't sell, 0% chance of that happening now, I'm sorry to say but if you're not in buys you're destroying your own account
0% chance? magic ball?
  • #61,827
  • Jan 27, 2025 5:51am Jan 27, 2025 5:51am
Quoting Xauusdscalpr
{quote} Not him but its usually when price reacts by retracing in the opposite direction
I believe this is somewhat the idea of rejection itself but the question remains, how do we know if the rejection is true and not fake? Do you have some idea?
  • #61,828
  • Jan 27, 2025 5:53am Jan 27, 2025 5:53am
Quoting Commodities
{quote} It won't sell, 0% chance of that happening now, I'm sorry to say but if you're not in buys you're destroying your own account
You must be new at trading if you think that way
  • #61,829
  • Jan 27, 2025 5:53am Jan 27, 2025 5:53am
Quoting Piplizer
{quote} I mentioned "rejection" because the price was unable to break through that area, followed by a sudden move down. I知 sure there are many solid ways to confirm a rejection, but I was simply responding to your analysis. I always follow your posts and those of other knowledgeable members here. I知 new and trying to learn from all the seniors. Could you please explain how you confirm a rejection? It would definitely help me strengthen my concepts and improve my logic.
Yeah. Thanks for your input, I was just asking if you have some idea to confirm rejections. Do you count the rejected candles, do you measure the size of the candle, do you measure the wicks, etc.?
  • #61,830
  • Edited 6:20am Jan 27, 2025 5:58am | Edited 6:20am
short 2771
vankiepsauff@gmail
  • #61,831
  • Jan 27, 2025 5:58am Jan 27, 2025 5:58am
Quoting Piplizer
{quote} I mentioned "rejection" because the price was unable to break through that area, followed by a sudden move down. I知 sure there are many solid ways to confirm a rejection, but I was simply responding to your analysis. I always follow your posts and those of other knowledgeable members here. I知 new and trying to learn from all the seniors. Could you please explain how you confirm a rejection? It would definitely help me strengthen my concepts and improve my logic.
i think you should study a bit about candle sticks, what you predict is just pure instinct i guess. resistance and support zone: there is both buy stop and sell limit. whoever is strong will move the price. candle stick movement gives some insight what can happen. there is otherway to predict but candle stick is the most commonly used i think.
  • #61,832
  • Jan 27, 2025 6:01am Jan 27, 2025 6:01am
Something about this move just doesn't look right, it looks like a massive trap, that 2755 region just hasn't been tested enough
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  • #61,833
  • Jan 27, 2025 6:02am Jan 27, 2025 6:02am
Quoting saal
gold Buy 2752 SL 2748 TP1 2756 TP2 2760 TP3 2764 TP4 2768 TP5 2772
SL was not accurate
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Success is not final, failure is not fatal... - Winston Churchill
  • #61,834
  • Jan 27, 2025 6:02am Jan 27, 2025 6:02am
Quoting Azen
{quote} Yeah. Thanks for your input, I was just asking if you have some idea to confirm rejections. Do you count the rejected candles, do you measure the size of the candle, do you measure the wicks, etc.?
The one thing I look for or am aware of to confirm a rejection is checking it across multiple timeframes. Beyond that, I知 not too familiar with other methods as I知 not that experienced at this stage.
  • #61,835
  • Jan 27, 2025 6:04am Jan 27, 2025 6:04am
Quoting Piplizer
{quote} The one thing I look for or am aware of to confirm a rejection is checking it across multiple timeframes. Beyond that, I知 not too familiar with other methods as I知 not that experienced at this stage.
I see. That looks good too.
  • #61,836
  • Jan 27, 2025 6:09am Jan 27, 2025 6:09am
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  • #61,837
  • Jan 27, 2025 6:10am Jan 27, 2025 6:10am
Quoting Tintin2014
{quote} i think you should study a bit about candle sticks, what you predict is just pure instinct i guess. resistance and support zone: there is both buy stop and sell limit. whoever is strong will move the price. candle stick movement gives some insight what can happen. there is otherway to predict but candle stick is the most commonly used i think.

Thank you for your input. Yes, you are right, I’m currently learning and focusing on price action and how the price reacts at support and resistance levels. I’m sure these aren’t the most solid ways to confirm what might happen, but I’m working on improving.

Could you please outline the important concepts I need to learn, along with candlestick movement, that you think are necessary for me at this stage?

I’m sure you have a good idea of my current learning level by now.
  • #61,838
  • Jan 27, 2025 6:14am Jan 27, 2025 6:14am
Quoting Azen
{quote} I see. That looks good too.
Could you please explain how you confirm rejection or continuation? This will help me learn more quickly based on your experience. I might gain some insights from your approach that could provide a roadmap for the concepts and logic I need to focus on moving forward.
  • #61,839
  • Jan 27, 2025 6:16am Jan 27, 2025 6:16am
Just under 2 hours until the current 4 Hour candle closes, if we see a flip after rejecting the open and "Opening low" that will be beautiful
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  • #61,840
  • Jan 27, 2025 6:17am Jan 27, 2025 6:17am
Quoting Azen
Let's see how it will react to this zone. Breakthrough, rejection, or range? {image}
By the way, it痴 rejected again from the same area with the same sudden move down. Am I right? If this is the second time, how would you interpret or conclude it?
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