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Make More Money - Eliminate DRAMA 11 replies

Just posting my trades, everyone is welcome but no drama 2 replies

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Gold with No Drama

  • #56,381
  • Jun 11, 12:41am (4 hr ago) Jun 11, 12:41am (4 hr ago)
Quoting Deal
{quote} Like anyother price... Right.... 1 candle low at 4117.84 and other candle high at 4117.84, expected a max body downside in weekly the sum is the same, yah.... In the chart since beguining of the week i guess.... {image}
Do you see 4175 today ?
  • #56,382
  • Jun 11, 12:42am (4 hr ago) Jun 11, 12:42am (4 hr ago)
Quoting Egidijusbal
{quote} Yes i waiting too , dont selling on fomo, we read candeles and waiting what they show us, but maybe you entry a little bit early maybe for your experience , bcs no HH . 1h. I wait that 1h close 4118 then pulback.
4116 is level from sellers will be going to active otherwise just offside from sell
  • #56,383
  • Jun 11, 12:43am (4 hr ago) Jun 11, 12:43am (4 hr ago)
buyers are full in control till 4120 to 4135 we better wait
  • #56,384
  • Jun 11, 12:47am (4 hr ago) Jun 11, 12:47am (4 hr ago)
Trend remains short. Retracement to 4106
  • #56,385
  • Jun 11, 12:48am (4 hr ago) Jun 11, 12:48am (4 hr ago)
Quoting Zebi
if this hourly candle closes above 4064 we prolly get a bounce overnite to 4130 before NY smacks it down again
surprisingly it's going well so far
  • #56,386
  • Jun 11, 12:49am (4 hr ago) Jun 11, 12:49am (4 hr ago)
quick nice tp <3
Attached Image (click to enlarge)
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  • #56,387
  • Jun 11, 12:50am (4 hr ago) Jun 11, 12:50am (4 hr ago)
Quoting Fdxb
{quote} Do you see 4175 today ?
What tool did you use this?
  • #56,388
  • Jun 11, 12:52am (4 hr ago) Jun 11, 12:52am (4 hr ago)
Quoting sunilpawar
I will look for sell at H1-20SMA/50SMA
Shorted at 4106 TP open SL 4125
The Phoenix Trader....
  • #56,389
  • Jun 11, 12:53am (4 hr ago) Jun 11, 12:53am (4 hr ago)
Quoting SibiSh
{quote} All low levels are tested except one 4090+.. if not today then most probably tomorrow we will see a new low may be 4030-36 or more low to 3980. Just my thoughts
After Hitting new low now watch 4113 then extension 4188 or 4219
Patience
  • #56,390
  • Jun 11, 1:06am (3 hr ago) Jun 11, 1:06am (3 hr ago)
Risky long to 4120
Insane in the Brain..
  • #56,391
  • Jun 11, 1:11am (3 hr ago) Jun 11, 1:11am (3 hr ago)
Quoting BeeTogether
Risky long to 4120
U mean you take long position now ?
  • #56,392
  • Jun 11, 1:12am (3 hr ago) Jun 11, 1:12am (3 hr ago)
Quoting sunilpawar
{quote} Shorted at 4106 TP open SL 4125
Closed 4077
The Phoenix Trader....
  • #56,393
  • Jun 11, 1:14am (3 hr ago) Jun 11, 1:14am (3 hr ago)
Quoting Esnnal
{quote} U mean you take long position now ?
yup closed my short before NY closed last night
Insane in the Brain..
  • #56,394
  • Jun 11, 1:17am (3 hr ago) Jun 11, 1:17am (3 hr ago)
Gold Updated Analysis
Gold remains under strong bearish pressure after breaking below multiple support structures and confirming a lower low formation near the 4023 area. Price is currently attempting a corrective rebound from the recent low but the overall market structure remains bearish as long as it trades below the descending trendline and the key resistance cluster around 4190-4235. There could be a potential retracement toward the 4152, 4192 and 4232 levels. Any recovery into these areas is likely to attract fresh selling interest. A rejection from the 4190-4235 region could trigger another leg lower toward 4000 and below while only a sustained break above the major resistance zone would weaken the current bearish outlook.
Trade Plan - Sell Setup
Sell Zone: 4190-4235
Targets: 4120, 4023, 3893
Invalidation: H1-H4 close above 4268
Attached Image (click to enlarge)
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Patience
  • #56,395
  • Jun 11, 2:11am (2 hr 51 min ago) Jun 11, 2:11am (2 hr 51 min ago)
Good analysis.
I agree that the structure is still bearish after the lower low around 4023 and the break of several support areas. For me the most important part now is not only the direction, but how price reacts if it retraces back into the 4190-4235 area.
If gold reaches that zone and starts rejecting quickly, then the bearish continuation idea makes sense. But if price accepts above that area and holds there, shorts become much less clean because the market may be trying to rebuild structure.
So I would read it like this:
1. Below 4190-4235, sellers still have control.
2. A weak pullback into that zone can attract new selling.
3. A strong reclaim above the zone changes the picture.
4. The 4023 area is important because if it breaks again, 4000 becomes a psychological magnet.
I like the invalidation idea above 4268. Without a clear invalidation, bearish plans can become emotional very quickly.
Just my view. Trade safe.
GDS Renko Research Studying Renko market structure, XAUUSD behavior
  • #56,396
  • Jun 11, 2:16am (2 hr 47 min ago) Jun 11, 2:16am (2 hr 47 min ago)
Quoting Fdxb
{quote} Do you see 4175 today ?
Closing above 4117.8 looks like....
but the way i am seeing building momentum cautiom that the tap in 4122 can trigger another big fall and at the end can be just a wick of 4117.8
closes matter
  • #56,397
  • Jun 11, 2:19am (2 hr 44 min ago) Jun 11, 2:19am (2 hr 44 min ago)
Should we buy now?
  • #56,398
  • Jun 11, 2:31am (2 hr 31 min ago) Jun 11, 2:31am (2 hr 31 min ago)
Quoting Deal
{quote} Closing above 4117.8 looks like.... but the way i am seeing building momentum cautiom that the tap in 4122 can trigger another big fall and at the end can be just a wick of 4117.8 closes matter
got scared so i closed
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  • #56,399
  • Jun 11, 2:33am (2 hr 29 min ago) Jun 11, 2:33am (2 hr 29 min ago)
BUY and safe

Now waiting for TP hit, from a distance, while watching movie
Attached Image (click to enlarge)
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Holy Betting Grail strategy
  • #56,400
  • Jun 11, 2:35am (2 hr 28 min ago) Jun 11, 2:35am (2 hr 28 min ago)
Quoting fxcontest
BUY and safe Now waiting for TP hit, from a distance, while watching movie {image}
where is your TP 4120?
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