Gold with No Drama

Quoting Mr.fabby

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{quote} I want to be a seller here but because of the gap up opening i not entering will wait for the price to close the gap first and break the opening fractal

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Quoting Deal

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4h is trying again break her resistance, price range in every time frame since monday open I go in 3 Be hit and the next will be the same... Now the entry become Asia window low, not good. EDIT: Done in 1m lol {image}

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Quoting Mr.fabby

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{quote} Don't fight asia open give a better price level And for me this gap is filled in asia opening let see

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Quoting Deal

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I will let micro and focus on the fractal, price continue very messi even in 4h, so 4h closing below 5026.605 the potential target continue be 4971 above 5051.195 is needed the close to measure the target but will be around 5103. Unless we break Monday high don't see much for this week...

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Quoting Mr.fabby

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{quote} Edit 5047 is sell area for me and asia opening need to tap this Just my opinion

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Quoting kttradess

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{quote} how do you make these conclusions? for example you said if we dont break monday high, then itll be not much movement for the whole week

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Quoting Deal

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{quote} Ny, monthly, 4h daily, all have resistance there, is not easy, the support is not like that, at least don't have a monthly resistance, i prefer a break below, less 1 wall and is not any wall, is monthly. Despite that all the targets that a break point are also randomly a monthly level, wich means we are in the worst fk... zone to trade... 50%

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Quoting kttradess

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{quote} how do you make these conclusions? for example you said if we dont break monday high, then itll be not much movement for the whole week

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Quoting Deal

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{quote} Monday is the weekly open, if you notice in your charts when a fractal open is not broken you range all the time untill it breaks... And a range basically is not going anywhere... Not only that your are in the monthly fractal open range... For day trade we concentrate in weekly that is a good range to trade, but without breaking the fractal open is not trending. You can check by daily in 4h what happen this 2 days, we never fully close 4h open and what was the results of that? back to thE same place... EDIT: And check also prior 2 days when...

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Quoting kttradess

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{quote} wow this is why i lvoe this forum, i learnt something new. thanks a lot for that. could you or mr fabby explain what fractal means, and in your experience is it always monday that sets the range, im going to backtest and check this, thanks a lot once again... you too mr fabby

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Quoting Mr.fabby

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{quote} Bro you will learn alot Deal has a lot knowledge i regularly read his post and also for the fractal you can see this image There are alot of triangle inside a triangle some are facing up and some are facing down Like we have 5 d1 candle in 1w candle and 6 4h candle in 1d candle so understanding weekly price we need to understand its fractal also same for the Day and any other timeframe {image}

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Quoting kttradess

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{quote} wow this is why i lvoe this forum, i learnt something new. thanks a lot for that. could you or mr fabby explain what fractal means, and in your experience is it always monday that sets the range, im going to backtest and check this, thanks a lot once again... you too mr fabby edit: nvm mr fabby did say that the daily is fractal of the weekly... whats the fractal of the daily, 4H?

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