DislikedI do expect however, some type of retest of 4040 (look at the 1H bottom wick it left)Ignored
- #66,403
- Jul 23, 8:56am (4 hr ago) Jul 23, 8:56am (4 hr ago)
{quote} imho{image}
Professional Gold Trader (XAUUSD) | Contact via PM for collaboration or acc
Jan Muhammad Return Today:
na
- #66,404
- Jul 23, 9:01am (4 hr ago) Jul 23, 9:01am (4 hr ago)
- Joined Aug 2011 | Status: Trader | 4,938 Posts
{quote} I'm done bearish. Like I said yesterday, I will be a seller till bullish confirmation. IMHO
Observation is the path to discovery.
- #66,405
- Jul 23, 9:02am (4 hr ago) Jul 23, 9:02am (4 hr ago)
- Joined Jul 2011 | Status: Trader | 3,390 Posts
Holy Betting Grail strategy
- #66,406
- Jul 23, 9:02am (4 hr ago) Jul 23, 9:02am (4 hr ago)
- Joined Jun 2020 | Status: Q3 (July - Sept) - Trending | 3,787 Posts
{quote} برادر مکرم منڈے آئی بی سے کیا مراد ہے؟
Initial Balance (IB) is the price range established during the opening period of a trading session. It consists of:
- IB High – the highest price reached during the initial period.
- IB Low – the lowest price reached during the initial period.
For example:
- In many futures markets, the Initial Balance is defined as the first hour of the regular trading session.
- If the price trades between 4100 and 4112 during the first hour:
- IB High = 4112
- IB Low = 4100
- IB Range = 12 points
Why is the Initial Balance important?
Traders use the Initial Balance to:
- Identify the market's directional bias.
- Look for breakout opportunities above the IB High or below the IB Low.
- Measure the strength of intraday momentum.
- Define key support and resistance levels.
In general:
- A break above the IB High may signal bullish strength.
- A break below the IB Low may signal bearish strength.
- If price remains within the IB, the market is often considered balanced or consolidating.
In simple terms, the Initial Balance is the opening price range that traders use as a key reference for analyzing the market's direction and strength throughout the trading day.
Look right, we'll see the signs
- #66,408
- Jul 23, 9:04am (4 hr ago) Jul 23, 9:04am (4 hr ago)
- Joined Oct 2024 | Status: Trader | 1,469 Posts
GoldGod Flip3 Return Today:
na
- #66,412
- Jul 23, 9:08am (4 hr ago) Jul 23, 9:08am (4 hr ago)
- Joined Jul 2011 | Status: Trader | 3,390 Posts
{quote} You hit SL
I'm not quick enough to update all the movement
Holy Betting Grail strategy
- #66,413
- Jul 23, 9:09am (4 hr ago) Jul 23, 9:09am (4 hr ago)
- Joined Jul 2011 | Status: Trader | 3,390 Posts
Holy Betting Grail strategy
- #66,414
- Jul 23, 9:11am (4 hr ago) Jul 23, 9:11am (4 hr ago)
- Joined Apr 2026 | Status: Trader | 197 Posts
Red lines 5min higher lows. Wedge pattern. With support at this level from couple days ago. And we’ve had 0 any short term 5min higher lows today. Stopped out trailing on shorts don’t mind one retracement catch. Would be painful to enter to see a sweep 
happen.
happen.
- #66,416
- Jul 23, 9:17am (4 hr ago) Jul 23, 9:17am (4 hr ago)
- Joined Oct 2020 | Status: Trader | 14,341 Posts
Insane in the Brain..
