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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

  • #57,021
  • Jun 12, 4:00pm (9 hr ago) Jun 12, 4:00pm (9 hr ago)
Quoting sunilpawar
{quote} Oops prophecy
Well it worked
The Phoenix Trader....
  • #57,022
  • Jun 12, 4:00pm (9 hr ago) Jun 12, 4:00pm (9 hr ago)
Quoting sunilpawar
{quote} My chart shows todays's closing between 4216-4220
Even I am able to predict not bad
The Phoenix Trader....
  • #57,023
  • Jun 12, 4:03pm (9 hr ago) Jun 12, 4:03pm (9 hr ago)
Quoting sunilpawar
{quote} Even I am able to predict not bad
Have you got tomorrows Lottery numbers please?
  • #57,024
  • Jun 12, 4:50pm (9 hr ago) Jun 12, 4:50pm (9 hr ago)
One Trump post is enough to move the market these days!
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  • #57,025
  • Jun 12, 7:12pm (6 hr ago) Jun 12, 7:12pm (6 hr ago)
Structure
Gold had a strong bullish recovery from the 4023–4045 area up into the 4235–4277 zone. After that impulse, price stopped trending and started moving sideways. Right now, price is around 4216, sitting inside a consolidation range.
The main range looks like:

  1. Resistance: 4235–4256
  2. Support: 4208–4192
  3. Deeper support: 4171–4150

Pattern and candlestick read
This looks like a bullish recovery followed by consolidation, almost like a bull flag / range after impulse. However, price has failed multiple times near 4235, so buyers need to prove themselves again.
The recent candles are small-bodied and sideways, which means indecision. There is no strong bearish engulfing breakdown yet, but there is also no clean bullish breakout yet. So this is a decision zone, not a chase zone.
Best trade plan
Bullish setup
Buy only if price holds 4208–4192 and gives bullish rejection.
Entry: 4208–4215
Stop loss: 4188
TP1: 4235
TP2: 4256
TP3: 4277
Cleaner breakout buy:
Entry only after M30 closes above 4235–4240
Stop loss: 4215
TP1: 4256
TP2: 4277
Bearish setup
Sell only if price rejects 4235 or breaks support.
Entry: 4230–4235 if bearish rejection prints
Stop loss: 4257
TP1: 4208
TP2: 4192
TP3: 4171
Breakdown sell:
If M30 closes below 4192, wait for a retest of 4192–4200 from underneath.
Targets: 4171, then 4150.
Conclusion
For now, I would call this neutral-to-bullish while above 4192, but not a clean buy unless price holds support or breaks above 4235. The sell becomes cleaner only if price loses 4192 or rejects hard from 4235.
ForexFactory style paragraph
XAUUSD M30 is consolidating after a strong bullish recovery from the 4023–4045 area into the 4235–4277 zone. Price is currently ranging around 4216, with support at 4208–4192 and resistance around 4235–4256. The structure looks like a bull flag or continuation range, but buyers still need a confirmed break above 4235 to continue higher. I prefer buying support only if 4208–4192 holds with bullish rejection, targeting 4235, 4256, and 4277. A clean M30 close below 4192 would invalidate the bullish range and open downside toward 4171 and 4150.

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  • #57,026
  • Jun 12, 8:42pm (5 hr ago) Jun 12, 8:42pm (5 hr ago)
Quoting Deal
Has anyone here read about Gann's theories? Price and time? Now add average and volatility to what he says... Last week someone ask me opinion to what book to read... Well start by Gann. Is not so crazy like people think.... A little bit of this, a little bit of that, and a little bit of thinking outside the box might surprise you all.
Hello Deal,

GANN has many methods and they are all accurate, all you need is to master one of them and apply it to your trading, just make sure you don't mix and match between them so you don't lose accuracy since each method has it's own rules.

most common method is "squaring price and time" so you can find the 1*1 angle for diagonal market moves, this method share the same basics of Fibonacci measuring rules except the %'s, GANN divide price and time equally. also this method have 3 types of measuring, waves, periods, extreme starting point. I find the period squaring is the best/simplest for modern day trading.

the example below might explain the rules of the method measuring (I hope).

Gold, Year Period, measuring 2025(closed period) to get the accurate S/R levels for 2026:
blue box= 2025 price and time square
time= 2025 start/end divided by 1/8's
price= 2025 high/low divided by 1/8's
diagonal grid= 2025 1*1 square divided by 1/4's
red angles= major down/up angles 1/4 1/2 3/4

keep in mind, Fibonacci & GANN are measuring schools, both use math to project accurate future S/R levels, they are not strategies.

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #57,027
  • Jun 12, 10:54pm (2 hr 59 min ago) Jun 12, 10:54pm (2 hr 59 min ago)
Quoting cameron777
{quote} Have you got tomorrows Lottery numbers please?
07, 14, 23, 38, 41, 49. If you hit the jackpot, my consulting fee is a flat 10%.
The Phoenix Trader....
  • #57,028
  • Jun 12, 11:18pm (2 hr 34 min ago) Jun 12, 11:18pm (2 hr 34 min ago)
Finally funded by FTMO.
Thank you all, this group has really helped me evolve as a trader.
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  • #57,029
  • Jun 13, 12:34am (1 hr 18 min ago) Jun 13, 12:34am (1 hr 18 min ago)
Quoting Zebi
{quote} its all nonsense unless iran gets their stolen money back then i can see them sign a 60 day ceasefire....that will will give the evil axis partnership time to resupply so irans missiles wont be hitting israel anymore so if it was me i wouldnt do it since the only way we get true peace is killing as many israelis inside their borders as possible otherwise they will keep stirring trouble and attacking others like turkey and egypt like pollard has said Former Israeli-American spy Jonathan Pollard stated that Israel should prepare for potential...
Hi Zebi,

LOL I have the same question for you, in a way are we still bearish? The weekly kinda looks like it, but the break through the 200 DMA makes me uncertain. I have a sell at 4100 which I would like to close. Thursday everything was fine until I went to get some takeout, and as I left the drive thru the spike upwards happened. Best is I thought of closing it as the drop was looking stretched by then, but I was also thinking it wants to touch 4000, as it only went down to about 4020 in the week... Hope you're having a great weekend
"Who Dares Wins"
  • #57,030
  • Edited 1:12am Jun 13, 12:52am (1 hr 1 min ago) | Edited 1:12am
Quoting IvySh13
{quote} It works bro very well, may be you need to understand entry, my entries all going good, I have updated so enter only when it hits red band and green band.
It falied completely but any ways -

Quoting IvySh13
{quote} It works bro very well, may be you need to understand entry, my entries all going good, I have updated so enter only when it hits red band and green band.
it kept showing sell and institutions are seeling and boom there was a STRONG bull candle - it works just like other tools 50% of time -
  • #57,031
  • Jun 13, 1:19am (34 min ago) Jun 13, 1:19am (34 min ago)
Quoting Forgediron
{quote} You're as bad as Riz. He said they need to prepare for war, not start a war. You know the difference right? Egypt and Turkey, not usually the best of friends, have begun holding hands again, doing joint military exercises together. Egypt have also started troop deployment and building military infrastructure within the demilitarised Sinai area, in violation of the peace agreement. Or did that slip your mind....? Who's looking to START a war again....? Israels enemies have been trying to kill Israelis within it's borders for nearly 80 years....
The guy is poultry manure. In fact, that might be too generous.
he’s the concentrated essence of human garbage.

Just block him and move on. He’s not worth a second of your time.
  • #57,032
  • Last Post: Jun 13, 1:49am (3 min ago) Jun 13, 1:49am (3 min ago)
Centcom official
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