Gold with thedaytrader

Quoting thedaytrader

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{quote} TP set at 8 points, trail is on ...

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Quoting thedaytrader

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{quote} I first take the next 4hr fractal (main) (in case of short bounce, next low-fractal and vice versa)... then in some cases I go down to 1hr fractal and do the same... I rarely go down to 15-min if its in a good trend...

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Quoting przfx

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{quote} Thanks for answering! In which cases do you go down to 1hr (or even lower time frame) fractal?

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Quoting mngnglkl

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Thanks for starting the thread @thedaytrader. Like you I was also not allowed anymore to post on the Gold Forum. My view on Gold last night and has not changed yet: 1. Wait for price to break 3400 (it did!) 2. Wait for price to test 3400 again (it seems going there) 3. Look closely the price action once there. 4. Open trade based on the price action and candle patterns. Here is a short video I posted on YT yesterday. I make videos since it helps me organize thoughts and hopefully also help others who are able to watch it. https://youtube.com/shorts/GRVXBPDzr...4rWDpK-dHPAUQN...

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Quoting mngnglkl

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Thanks for starting the thread @thedaytrader. Like you I was also not allowed anymore to post on the Gold Forum. My view on Gold last night and has not changed yet: 1. Wait for price to break 3400 (it did!) 2. Wait for price to test 3400 again (it seems going there) 3. Look closely the price action once there. 4. Open trade based on the price action and candle patterns. Here is a short video I posted on YT yesterday. I make videos since it helps me organize thoughts and hopefully also help others who are able to watch it. https://youtube.com/shorts/GRVXBPDzr...4rWDpK-dHPAUQN...

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Quoting wikigold

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{quote} brother i am new here please guide me upcoming gold trading

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Quoting newmilly

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Hi so your freedom of speech gets taken away if you say something that they dont agree with in the Gold forum?

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Quoting newmilly

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Any way back to business. Gold turned on the long term trendline 3420 and should be heading down to around the 3340 area. We are heading into the end of a bullish triangle coinciding with month end. I am expecting Gold to drop to around 3350 and then range between the low and around 3420 until close of business today. Trade carefully today and hopefully we can help each other make some money

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Quoting notabdullah1

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intreseting 4hr candle guys ......tells us alot {image}

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Quoting newmilly

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Any way back to business. Gold turned on the long term trendline 3420 and should be heading down to around the 3340 area. We are heading into the end of a bullish triangle coinciding with month end. I am expecting Gold to drop to around 3350 and then range between the low and around 3420 until close of business today. Trade carefully today and hopefully we can help each other make some money Edit: I entered at 3410 TP 3350 SL 3315

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Quoting thedaytrader

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{quote} Cool.. whats the logic of 3415 SL (I assume it was 3415) ? Just money management or some technical point ?

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Quoting newmilly

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{quote} Initial SL was 3420 but moved it to 3415 for better management yes. There is also still the chance of a retest of yesterday's high.

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Quoting notabdullah1

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{quote} i will be down bad for selling at 30 or even 23-24 with sl at 40 and tp at the depth of oceans

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Quoting newmilly

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{quote} Initial SL was 3420 but moved it to 3415 for better management yes and its above the longterm trendline There is also still the chance of a retest of yesterday's high. {image}

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