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  • #72,861
  • Apr 16, 2025 7:25am Apr 16, 2025 7:25am
Quoting d1zzy
{quote} Daddy J speaks later as well, loads of volatility to come I hope
doesnt matter now .. market already priced in the action ..
Candlesticks dont move markets, Volume does
  • #72,862
  • Apr 16, 2025 7:31am Apr 16, 2025 7:31am
Quoting PatienceFx
{quote} retail sales data coming up
Its US positive data, but i dont think its makes large movements..in Gold
follow the flow of music $
  • #72,863
  • Apr 16, 2025 7:36am Apr 16, 2025 7:36am
Quoting ganam
{quote} Its US positive data, but i dont think its makes large movements..in Gold
The correlation is spotty, risk on vs risk off - traces of it.

You can however still see the correlation on fx pairs like the euro dollar, pound dollar
  • #72,864
  • Apr 16, 2025 7:39am Apr 16, 2025 7:39am
Consolidation then rally
Either upward or downward?
  • #72,865
  • Apr 16, 2025 7:54am Apr 16, 2025 7:54am
Quoting d1zzy
{quote} The correlation is spotty, risk on vs risk off - traces of it. You can however still see the correlation on fx pairs like the euro dollar, pound dollar
Without a positive news from White House, a red day candle is expected for USD
follow the flow of music $
  • #72,866
  • Apr 16, 2025 8:12am Apr 16, 2025 8:12am
Quoting ganam
{quote} Its US positive data, but i dont think its makes large movements..in Gold
which one

https://tradingeconomics.com/united-states/indicators
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  • #72,867
  • Apr 16, 2025 8:13am Apr 16, 2025 8:13am
Gold is a real meme coin xD
Hakuna Matata!
  • #72,868
  • Apr 16, 2025 8:14am Apr 16, 2025 8:14am
opened a short order @3333, 0.01. no reason.... it's just sounds and looks nice! going to sleep.
  • #72,869
  • Apr 16, 2025 8:14am Apr 16, 2025 8:14am
i post this chart here before...i didnot expect it will work so fast...just a probability.

nvm: i didnot post this chart here before.
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  • #72,870
  • Apr 16, 2025 8:16am Apr 16, 2025 8:16am
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A pull back (reverse) is more likely to happen.
  • #72,871
  • Apr 16, 2025 8:37am Apr 16, 2025 8:37am
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  • #72,872
  • Apr 16, 2025 8:37am Apr 16, 2025 8:37am
Price might go both ways. Watch out guys.
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  • #72,873
  • Apr 16, 2025 9:01am Apr 16, 2025 9:01am
It takes 50 candles to go down... Then 1 candle crashes the whole 50 candles and goes up again....
This happens everytime
Hakuna Matata!
  • #72,874
  • Apr 16, 2025 9:05am Apr 16, 2025 9:05am
Quoting leonelaus
Expect another turn north side before a huge correction. Watch out
Here we go
  • #72,875
  • Apr 16, 2025 9:22am Apr 16, 2025 9:22am
Quoting Hoshey
It takes 50 candles to go down... Then 1 candle crashes the whole 50 candles and goes up again.... This happens everytime
dont watch every tick.
come every 4h to see if something going on.
the down move on LTF is easy money for the commercial.
  • #72,876
  • Apr 16, 2025 9:28am Apr 16, 2025 9:28am
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  • #72,877
  • Apr 16, 2025 9:30am Apr 16, 2025 9:30am
Quoting sashiko48
Price might go both ways. Watch out guys. {image}
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #72,878
  • Apr 16, 2025 9:33am Apr 16, 2025 9:33am
Quoting GhosTraderGT
{quote} {image}
it break 3317 and now maybe it is retest like on your picture
  • #72,879
  • Apr 16, 2025 9:47am Apr 16, 2025 9:47am
Quoting Hoshey
It takes 50 candles to go down... Then 1 candle crashes the whole 50 candles and goes up again.... This happens everytime
That candle is what traders call as an Absorption Candle . It typically forms when the market is building up orders and it happens both ways. Either accumulating longs or distributing shorts. Each drop you see isn't just a sell-off. its often the market soaking up liquidity. This is why candles are only 40% of the story. this is where footprint charts come into play. In the attached chart you will notice that aggressive shorts are actually being absorbed by resting limit buy orders a classic sign that buyers are stepping in quietly while price appears weak after making a high. When price starts moving against them (e.g. upward after absorption of shorts), thats when momentum is confirmed.

Absorption = intent, Confirmation = timing, Entry = precision. let the market show its hand after the absorption occurs.
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Candlesticks dont move markets, Volume does
  • #72,880
  • Apr 16, 2025 9:50am Apr 16, 2025 9:50am
Quoting Praetorion
{quote} That candle is what traders call as an Absorption Candle . It typically forms when the market is building up orders and it happens both ways. Either accumulating longs or distributing shorts. Each drop you see isn't just a sell-off. its often the market soaking up liquidity. This is why candles are only 40% of the story. this is where footprint charts come into play. In the attached chart you will notice that aggressive shorts are actually being absorbed by resting limit buy orders a classic sign that buyers are stepping in quietly...
Casually dropping gems on an online forum lol.
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