The thing about candles shouldnt they be called batteries i see it more as a + - in combination with imbalances could be very powerful in my opinion.
The weird thing is how i came up with it i just recogned it keeps responding to the opposite side of the candle/battery.
In combination with a volume based approached im currently testing it but im finding quite some succes this morning racked in a slobby 90 bucks and cameback up with 60 to 150 all though im starting to more observe instead of participate.
Especially since the market is wild right now just realize how big the move was last night i dont believe its without any reason this move has been made.
The only thing i know, is the extend of my own ignorance.
1 Hour TF shows how its gonna keep dropping, as we rejected higher price. An IFVG was formed, continuing the downtred. Price should in theory continue dropping, taking out prominent lows like the one I marked out.
So, oil unwound, gold spiked, i was sleeping through most of it tragically but you never know when cease fires are being announced! Bitcoin did NOT pullback, thinking itll go to $90K, holding longs. Gold will be strictly price action trading off the 5 min chart. Did 30% on the account today, not bad for missing 90% of the moves.
If I could manipulate gold price, i will do.like this when people are in fear and greed. {image}
Ignored
What I would do is contact Iran and tell them to say they sunk a US carrier, then call my friends to all pour hundreds of billions into sells, wait 30 minutes, then pump buys aggressively and say Iran lying.
Close the position near price, also left the other 2 breakeven.
Tomorrow we can go lower, so why not?
Thursday reversal and in my patterns i have 4613.835 aligned with a bearish monday...
Will found out if this was all news fomo or the start of a trend tomorrow...
Safe trades....
Also, my two cents, gold will continue higher, bear trap, as will bitcoin. Reasoning is oil will continue to drop and equities have topped out (record highs again and again) big money will rotate out into commodities and crypto.
So in my mind, do NOT hold shorts, you could get royally screwed as we move back to $5-$5500.
So im going on 2 years now trading $XAU, $EUR, $BTC
Ive learned the hard way thats for sure.
Don't waste time drawing ambitious lines on the chart or conceptualizing fib levels. Fib levels are for pineapples. You can draw whatever lines youd like or find a fib ratio that fits on some timeframe. Its only luck if it actualizes and then you think itll work again, which it wont.
Price action only.
Do not make the mistake of thinking you know whats going to happen next!
Anyways. Just my $0.02 once again.
Best of fortunes to all!
I just noticed the Daily chart flipped Bullish
This would support the dont hold shorts theory
Holding some profitable longs
As i said dont think youll know what will happen next
But given the geopolitics, equities, oil equation
And the bullish daily flip
I think nows a good time to hold longs
Also deployed algo on the 1 hour using auto ATR TPs
Fingers crossed!
{quote} Currently, I was the one sleeping, I was thinking whats going on, wheres my position, why did it go up so much?
Ignored
sorry bro saw your text now
now i think you got the answer
peace deal expected
btw
i am thinking these days
if ever i for myself find my setup for late ny to sydney i keep myself awake until tp or sl
because of these tweets
be realistic
unless you are a big investor who can move markets like trump then you can state this with real confidence
rn you yourself know it is not instant 6000
oh come on bro
yes these are indeed forecast of bigger banks by end of 2026
but not instantly
so just winding up within a day is what is best these days instead of holding
yesterday was an example of trap overnight
and btw 5000 cut one zero (man if 50k we wont be trading gold then we would be in graves or dead cause at that point war will be everywhere)
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