๐งฉGOLD does it again. Still bearish overall.
Gold continues to hold bearish structure
๐ Text marks:
๐นIL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF , as itโs own IL.
๐นph, pl = protected high or low, which holds current structural impulse.
๐นbos = break of structure . Based on candle body close below/above previous structural impulse.
๐นrsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
๐นif ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
๐นliq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
โ๏ธDisclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
๐I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
๐Thanks for your BOOSTS and support๐
๐ฌSend your comments and questions below, share your ideas and charts, I'll be glad to talk to you๐ฌ
๐ Text marks:
๐นIL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF , as itโs own IL.
๐นph, pl = protected high or low, which holds current structural impulse.
๐นbos = break of structure . Based on candle body close below/above previous structural impulse.
๐นrsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
๐นif ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
๐นliq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
โ๏ธDisclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
๐I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
๐Thanks for your BOOSTS and support๐
๐ฌSend your comments and questions below, share your ideas and charts, I'll be glad to talk to you๐ฌ
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