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  • #421
  • May 24, 2026 10:10am May 24, 2026 10:10am
Quoting stevepatt
{quote} Hi Medici, Thank you. I like to use a little more Detail. {image}
Of course, more Detail would be needed to turn the levels into a structure that allows for identification of setups, entries and exits.
  • #422
  • May 24, 2026 10:27am May 24, 2026 10:27am
Quoting stevepatt
{quote} BUT, how do you use that Detail to see Setups and Enter Trades? {image} {image}
That's the question, how to turn price data into structure and structure into entries and exits.

If you are asking me, I don't trade time based charts. What I've discovered is that all liquid markets trading around the clock, such as CME/Globex futures, share an identical underlying Market Geometry once the time dimension has been filtered out by modelling the market based on discrete steps in price instead of discrete steps in time. In other words, you can trade all markets with the same model once adjusted for volatility. What differs between Gold and the Nasdaq index, for example, is not the structure of the market, but only a volatility parameter and the process of unfolding through time - entities that can be separated out, analysed, and integrated into one's approach to trading, choice of instrument, etc.

Having said that, I feel a certain nostalgia for my fx trading days.

Not sure that's what you asked for....
  • #423
  • May 24, 2026 10:57am May 24, 2026 10:57am
Quoting medici
{quote} That's the question, how to turn price data into structure and structure into entries and exits. If you are asking me, I don't trade time based charts. What I've discovered is that all liquid markets trading around the clock, such as CME/Globex futures, share an identical underlying Market Geometry once the time dimension has been filtered out by modelling the market based on discrete steps in price instead of discrete steps in time. In other words, you can trade all markets with the same model once adjusted for volatility. What differs...
Hi Medici,
It was more a question, to myself, of how to turn Levels that get Drawn on a Chart, for me that's Structure, into being able to see Setups, Entries and Targets from those Levels.
I must admit your Method of Trading does feel a lot more Sophisticated than mine.
But, that's the whole point with Trading, there is no Right or Wrong Way, it's about finding OUR Sustainable Edge in the Market.
  • #424
  • May 25, 2026 1:24am May 25, 2026 1:24am
Monday 25th May 2026
GOLD
Pending Short Trade @ 4567.00
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: XAUUSD_5m(44).png Size: 192 KB
  • #425
  • Edited 2:30am May 25, 2026 1:35am | Edited 2:30am
Quoting stevepatt
{quote} Hi Medici, It was more a question, to myself, of how to turn Levels that get Drawn on a Chart, for me that's Structure, into being able to see Setups, Entries and Targets from those Levels. I must admit your Method of Trading does feel a lot more Sophisticated than mine. But, that's the whole point with Trading, there is no Right or Wrong Way, it's about finding OUR Sustainable Edge in the Market.
I see, my mistake.

As to my method being sophisticated, aspects of the modelling may be but trading it is boringly simple, as it should be according to the Fit Trader Mom video you shared.

And at the core it's based on the simple observation that time is an arbitrary variable imposed on a price continuum, which introduces a distortion. If one instead models the market by measuring distinct units of price displacement the distortion is removed and the structure of the market becomes clear.

And one could introduce a couple of moving averages to create Structure, identify Setups, Entries, and Exits.

That is how I started with range bars in fx years ago, and it works equally well for Gold. It would also enable you to cut your stop distance to about half or so.

Below a 50 tick range bar chart from Friday and also a 25 tick Renko chart for comparison.
Attached Image(s) (click to enlarge)
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  • #426
  • May 25, 2026 1:49am May 25, 2026 1:49am
Quoting stevepatt
Monday 25th May 2026 GOLD Pending Short Trade @ 4567.00 {image} {image}
Monday 25th May 2026
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_5m(45).png Size: 247 KB
  • #427
  • Edited 3:22am May 25, 2026 2:09am | Edited 3:22am
Quoting medici
{quote} I see, my mistake. As to my method being sophisticated, aspects of the modelling may be but trading it is boringly simple, as it should be according to the Fit Trader Mom video you shared. And at the core it's based on the simple observation that time is an arbitrary variable imposed on a price continuum, which introduces a distortion. If one instead models the market by measuring distinct units of price displacement the distortion is removed and the structure of the market becomes clear. And one coould introduce a couple of moving averages...
Hi Medici,
I agree Price is Linear by Nature and using different Time Candles is completely Arbitary.
Price will always Target Liquity for the Fuel it needs to move from Level to Level.
It's like the Chart I Posted above it's NOT the Time Frame I am using but more where I THINK Liquidity MIGHT be Sitting to Push Price Lower.
Of course Price might just Rocket Higher.
As Retail Traders we don't know, with certainty, where Liquidity is Sitting we can only use what will put Probability on our side.
Thank you for your insight
  • #428
  • May 25, 2026 3:27am May 25, 2026 3:27am
Quoting stevepatt
{quote} Hi Medici, I agree Price is Linear by Nature and using different Time Candles is completely Arbitary. Price will always Target Liquity for the Fuel it needs to move from Level to Level. It's like the Chart I Posted above it's NOT the Time Frame I am using but more where I THINK Liquidity MIGHT be Sitting to Push Price Lower. Of course Price might just Rocket Higher. As Retail Traders we don't know, with certainty, where Liquidity is Sitting we can only use what will put Probability on our side. Thank you for your insight
GOLD
A Line Chart and a couple of EMAs to illistrate the Linear Nature of Price
Attached Image(s) (click to enlarge)
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  • #429
  • May 25, 2026 3:38am May 25, 2026 3:38am
Quoting stevepatt
{quote} Monday 25th May 2026 GOLD {image}
Monday 25th May 2026
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_5m(47).png Size: 211 KB
  • #430
  • May 25, 2026 4:59am May 25, 2026 4:59am
Quoting stevepatt
{quote} Hi Medici, I agree Price is Linear by Nature and using different Time Candles is completely Arbitary. Price will always Target Liquity for the Fuel it needs to move from Level to Level. It's like the Chart I Posted above it's NOT the Time Frame I am using but more where I THINK Liquidity MIGHT be Sitting to Push Price Lower. Of course Price might just Rocket Higher. As Retail Traders we don't know, with certainty, where Liquidity is Sitting we can only use what will put Probability on our side. Thank you for your insight
Very true. It's all about hunt for liquidity, and also the group psychology of markets.

What attracted me to range bars back in fx days was the possibility of continuing to make good profits while intraday volatility reduced significantly, much like it is in Gold today.

I thought I should give the interested reader an idea of what that could look like. The chart below is loosely modeled on our very successful system from fx days. In terms of hit rate and reward to risk ratio it beats trading off levels, like it did in those days. Again from the Friday session.
Attached Image (click to enlarge)
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  • #431
  • May 25, 2026 7:32am May 25, 2026 7:32am
Quoting stevepatt
Monday 25th May 2026 GOLD Pending Short Trade @ 4567.00 {image} {image}
Monday 25th May 2026
GOLD
Short Trade Result (-100) Pips (-1R)
What I was hoping to do was to Exit the Short Trade @ BE+ on the Pull Back

Long Trade @ 4556.00
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_5m(48).png Size: 258 KB
  • #432
  • May 26, 2026 12:41am May 26, 2026 12:41am
Quoting stevepatt
{quote} Monday 25th May 2026 GOLD Short Trade Result (-100) Pips (-1R) What I was hoping to do was to Exit the Short Trade @ BE+ on the Pull Back Long Trade @ 4556.00 {image}
Monday 25th May 2026
GOLD
Long Trade Result +210 Pips +3R

Tuesday 26th May 2026
Pending Short Trade @ 4537.00
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_5m(49).png Size: 252 KB
  • #433
  • May 26, 2026 7:36am May 26, 2026 7:36am
Quoting stevepatt
{quote} Monday 25th May 2026 GOLD Long Trade Result +210 Pips +3R Tuesday 26th May 2026 Pending Short Trade @ 4537.00 {image}
Tuesday 26th May 2026
GOLD
Short Trade @ 4537.00 Target Hit +330 Pips +3R

I'm getting better @ Reading Price Action on GOLD, there is a LOGIC to it
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: XAUUSD_1h(11).png Size: 269 KB
Click to Enlarge Name: XAUUSD_5m(49).png Size: 252 KB
  • #434
  • May 26, 2026 8:13am May 26, 2026 8:13am
Quoting stevepatt
{quote} Tuesday 26th May 2026 GOLD Short Trade @ 4537.00 Target Hit +330 Pips +3R I'm getting better @ Reading Price Action on GOLD, there is a LOGIC to it {image} {image} {image}
Tuesday 26th May 2026
GOLD
How many just SEE NOISE and how many can SEE the DETAIL?
If YOU can SEE IT you can see it, I don't think it can be taught.

It was when I realised NOT EVERYONE SEES PRICE THE SAME WAY that I started to make Progress with my Trading.
I know most of you will just be reading another Post BUT I hope some will SEE IT.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_5m(51).png Size: 312 KB
  • #435
  • May 26, 2026 8:32am May 26, 2026 8:32am
Quoting stevepatt
{quote} Tuesday 26th May 2026 GOLD How many just SEE NOISE and how many can SEE the DETAIL? If YOU can SEE IT you can see it, I don't think it can be taught. It was when I realised NOT EVERYONE SEES PRICE THE SAME WAY that I started to make Progress with my Trading. I know most of you will just be reading another Post BUT I hope some will SEE IT. {image}
Tuesday 26th May 2026
GOLD
Pending Short Trade @ 4535.00
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: XAUUSD_5m(52).png Size: 217 KB
Click to Enlarge Name: XAUUSD_1h(13).png Size: 176 KB
  • #436
  • May 26, 2026 8:58am May 26, 2026 8:58am
Quoting stevepatt
{quote} Tuesday 26th May 2026 GOLD Pending Short Trade @ 4535.00 {image} {image} {image}
Tuesday 26th May 2026
GOLD
Will Liquidity get Swept??
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_5m(53).png Size: 177 KB
  • #437
  • May 26, 2026 3:11pm May 26, 2026 3:11pm
Quoting stevepatt
{quote} Tuesday 26th May 2026 GOLD Will Liquidity get Swept?? {image}
Tuesday 26th May 2026
GOLD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSD_1h(14).png Size: 215 KB
Click to Enlarge Name: XAUUSD_5m(54).png Size: 248 KB
  • #438
  • May 27, 2026 12:27am May 27, 2026 12:27am
Quoting stevepatt
{quote} Tuesday 26th May 2026 GOLD {image} {image}
Wednesday 27th May 2026
GOLD
Pending Long Trade @ 4500.00 BRN
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_5m(55).png Size: 272 KB
  • #439
  • May 27, 2026 1:51am May 27, 2026 1:51am
Quoting stevepatt
{quote} Wednesday 27th May 2026 GOLD Pending Long Trade @ 4500.00 BRN {image}
Wednesday 27th May 2026
GOLD
Long Tradew Result (-90) Pips (-1R)
It was a Risky Long Trade with no HTF Break of Structure

Pending Short Trade @ 4505.00
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: XAUUSD_1h(15).png Size: 177 KB
  • #440
  • May 27, 2026 9:33am May 27, 2026 9:33am
Quoting stevepatt
{quote} Wednesday 27th May 2026 GOLD Long Tradew Result (-90) Pips (-1R) It was a Risky Long Trade with no HTF Break of Structure Pending Short Trade @ 4505.00 {image} {image}
Wednesday 27th May 2026
GOLD
Attached Image(s) (click to enlarge)
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