₦airaland Forum

With FOMC minutes today.. markets would be mopping up liquidity up and down.. no trades for me today … let me see what FOMC has to offer

Omo I dun exit all my shorts ..DXY might play funny during Asia.. Gud nite all

Winnerrrr:
I'm actually still sitting on my hands because I haven't seen any setup yet on EU.

Karkinase, what's your biases on EU, seems like it'll sell massively tomorrow to daily support.

All things being equal we should see a sell off tomorrow on all **/USD pairs..

karkinase:
Nasdaq buy RsI confirmation

Mission aborted.. bastard is not moving

richgen:
Becoming a robot with no emotions to the outcome of my trade per time is what I'm thinking out loud here. Even if the trade is executed on HTs or LTs.

You can never be a robot bro.. cos u got blood running thru ur veins..this is why trading is hard

Another day at the office for market makers trapping both buyers and sellers..

Geovanni412:
Are you considering waiting for market to hit 1915 or 1922 before selling?

Or would you choose to enter at its current price?

You know that the current area has been gold's lowest point in over 5 months.

I’m on Gold short already that point is the daily FVG and bearish orderblock on H4

Nasdaq buy RsI confirmation

Geovanni412:
Why d blame?

Market can become bullish on. Xau from Wednesday through Friday depending on today's close

I feel Gold hasn’t gotten to it’s lows yet.. bears 🐻 are just using bulls to reload more short positions.

Gold and GU shorts opened let’s get to the lows.. price have been playing too much..

karkinase:
RSI signal for trend reversal and retracement,.. let’s feast. this was Gold RSI which gave every hint that it will go bullish

Gosh how did I draw this tin like this .. price has not broken the trendline yet .. still bearish

Omo this markets Ehn .. one moment you are buying the next moment sentiment is changing

RSI signal for trend reversal and retracement,.. let’s feast. this was Gold RSI which gave every hint that it will go bullish

zonall:
...that is the edge I talked about bro... M1 TF NY Session...🥂

that’s risky mehn…what if a spike had occurred

EQLs sniped on Gold successful

zonall:
XAUUSD {M1} - SELL
E: 1903.5
S: 1905.5
T: 1892.5

RR - 1: 6.5... 🥂

Why do you intend to sell from a low

Fire works in 5mins time

karkinase:
Buying GOld @ this current price .. price needs a correction. TP: 1924

Aborted .. Equal lows spotted. US PPI @ 1:30pm

Buying GOld @ this current price .. price needs a correction. TP: 1924

Dirty price action in GU n Gold..

zonall:
Could XAUUSD be setting up for a dump to 1878.5, with SL at 1915.5 from the current price of 1912.5?...

@Geovanni412 @karkinase @Bimmarlykay

@ this point I’m confused on what Gold wants to do next.. it’s a dangerous zone

Abeg who know any reasons why price bounced so fast ..

Two things might happen this US session .. it’s either we are seeing a USD short term retracement or an overall bullish reversal.. but one of them is sure to happen.

Exited all sells, seems USD is tryna play smtin funny

karkinase:
Today Monday we are sellling and sinking everything to the ground

My post at London session.. sink everywhere red

Winnerrrr:
Karkinase, can you spot this bullish OTE in EU on 15 minutes.

Is is ripe for a buy?

didn’t see this bro.. I was offline. Anyways everything for me since London has been sell sell…

VeeVeeMyLuv:
Wait first
Calm down

No red folders today .. make retail boys enjoy small na

Today Monday we are sellling and sinking everything to the ground

The reason why trading is difficult, you need to have strong analytical(technical) , psychological(emotion) , trade management and time(entry) skills coupled with understanding chart/price action jargons like orderflow, order block and liquidity

Geovanni412:
Eazy solution....

Market ranges 70% of time

So, if you are doing market analysis on weekly

Entry pts:
Your short order should be from the weekly high or open (if the bar was bearish) and from the weekly high or close (if the bar was bullish).

Depending on circumstances, you can short at middle of previous weekly bar as well but never short at weekly low

Instead short from 0.5 of the weekly range, if you see the right signals. (See e.g below for clarity)

Stop loss considerations:
Short at key levels from the previous week then use wide stop loss of like 60 pips initially, later on you can reduce it if you like.

Example:

Entering into a new week with eurusd

From the chart, you can see this
H - 1.106
C - 1.094
L- 1.092
O- 1.100

From this, if you believe it is a sell order, your entry should be from 1.106 or from 1.100

If you believe it is a breakout trade, which market rarely ever does, then you should consider using your trade method, entry from here : L - [(H-L)/2 ] = 1.092- [(1.106 -1.092)/2]
Answer = 1.085

So, your third possible consideration for short would be from 1.085 zone, but note that it is likely that the market may range upwards from there as well

If you do a backtest of 3-6 months or longer, you'll notice that this is how the market moves on the weekly

N/b: these rules are also applicable to the daily chart

Apt analysis on the weekly candle.. buh why not just use your Fib. tool.

realone12:
😂😂😂 although us30 is more volatile, but not as bad as gold in my opinion. gold literally sets traps everywhere.. if one trap doesn't catch you, the other ones must surely catch you 🤣

Gold is not difficult to trade for real.. it only hates getting in and out of positions (that’s the fastest way to get burnt.). Gold just needs you to stay in it for long periods.

Winnerrrr:
guys, what's the importance of doing a weekly analysis or plotting your chart against next week when the market structure can change at any given time?

isn't it better to analyze daily when you want to enter and trade what you see?

I did a weekly projection of EU last week and concluded that it'll be bearish and EU ranged throughout the week, I got burnt because I was fixated on my weekly bearish outlook.

Lol…but EU later became bearish na…
weekly analysis is good just be dynamic when trading