Trades: XAUUSD The Stair of Profit
I love to be with XAUUSD when she shows hers gentle side. Earn profit bit by bit … enjoy hers dance …
I love to be with XAUUSD when she shows hers gentle side. Earn profit bit by bit … enjoy hers dance …
I love to watch the early sign of a reversal pattern.
We are waiting for a complete reversal patterns.
When we can’t trade in a big move, we are looking for weaker wave.
Switching between TF is critical for trader.
Many asked, what is Market Range? Is it a terminology that I made?
Just google it and the answer is bellow
Market Range
Market range is the difference between the highest and lowest price of a market over a specific period of time. It’s a key indicator of volatility.
How to calculate market range
Uses of market range
Range-bound market
A range-bound market is a market that moves between a certain high price and low price. The highs mark resistance, and the lows indicate support.
Range trading
Range trading is a strategy that involves buying near support levels and selling near resistance levels. It’s often used by beginners because of its simplicity.
Range patterns
There are several types of range patterns, including symmetrical triangles, ascending triangles, descending triangles, rectangles, and rounded ranges.
Market Phase has been a subject for debate.
Here is the principle of Market Phase
Since I’m dealing with two ways trading instrument, it’s not clear between accumulation and distribution. Both of them are easier to identified as sideways.
From here we have 3 phases only.
More details can be found here:
Actually, there is no more secret in trading. Why so many people do fail? All the secret is out there???
Even our lovely BabyPips Academy provide all of them, but still many can’t make it ? Why … why and why ?
hi @TYGMedia, nice setups and explanations above.
KFC IMO is better than MCD
Hi @tomo22 ,
Yup, I ordered KFC for my late night snack. My life isn’t healthy lately.
Hi @Sufshiken,
no worry. Your perspective is similar with mine.
It’s depend on how we trade with these perspective.
Hi @tomo22,
For me, that wasn’t a gap. It was R2S (Resistance To Support).
A gap needs 2 bases. When the bases cant be seen, it wont be a gap.
hi @TYGMedia, yes i thought the same thing during my placement of trade, however, i became greedy and thought the setup was good.
maybe writing a set of rules on a whiteboard in front of me can help
hi @TYGMedia,
this is updated 1hr GAP GBP/USD
PA is sideways atm however, with FA we can move
retesting base perhaps?
we have fundamental report coming out at 6:00PM AEST
nevermind market continues sideways
@TYGMedia, yes i got out of that trade during the news and took some profit not much.
How can we identify how risky a gap or risk in general in trading GAP ?
Hi @tomo22,
Risk can be seen by comparing LTF and HTF. when both of them are synchronized, risk will be lower.
hi @TYGMedia, this makes sense! I was wondering what your thoughts may be on Outside and inside days in Al brooks books?
he talks about how context is the most important factor for theses days and without good context they are useless.
some parts of brooks is pretty hard to understand sometimes.