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QUICK AND EASY WAY TO MAKE A CHART (GAPS) - PLTRIF your an advanced trader and good at charting, you likely won't find this information useful. In the future, I'll have more educational posts that go in depth, but this one is for the newbies. STEP 1 - Find your gaps (circled in blue) ONLY MARK GAPS THAT HAVE YET TO CLOSE STEP 2 - MARK your GAPS with a Horizontal Line (alt + h) STEP 3 - DUPLICATE your Horizontal lines (CTRL + CLICK each line while holding ctrl to multi select lines, CTRL + SHIFT + CLICK AND DRAG to duplicate) STEP 4 - These are now your long term trading zones (COLOR Lines accordingly, TIP - Try not to pick colors that blend together) red and green do not mean buy/sell, they mean top of the gap, and bottom of the gap, 4.22% or so... It doesn't need to be exact. STEP 5 - Line thickness (IF multiple lines stack up, you can create a thick line to simplify chart. KEEP IT SIMPLE, REMEMBER, this is not to be exact, this is to create zones to prepare you for future movements based on past gaps) Why is this useful? Well, if you know a price gap is statistically likely to close, then you can be pretty certain that at some point in the future, that gap will close, meaning price will return to @ or above the price gap. With this in mind, you can plan ahead and start to realize when your emotions are getting the best of you. This is also great because you can do this on any time frame with candles. Why ISNT this useful? Well, this gives you no indication of timing. Past results don't guarantee future results. AND this gives you no indication of current price action. In other words, a GAP could form and close 2 years later, and the entire time before it closes, price keeps going lower and lower. Good luck, and remember, this is just a quick and easy way for newer users to identify potential price targets, while limiting emotion in decision making.
PEducation
by nicktussing77
1
CHFJPY Short Analysis + Trade IdeaCHFJPY 4HR Analysis + Trade Idea by OfficialKieranTrewick Looking for a 4HR fractal pivot rejection off 170.750-171.000 to provide good entries for shorts down to 169.500 - 167.000, The daily trend is very strong with chfjpy ongoing since 2021 and with multiple recent rejections off the latter side it seems it may be loading up for the surge into ATNH but with how strong of a resistance there has been at 171.500 i am not sure if this will be anytime soon, and with how strong the trend has been there is definitely room for some exhaustion down to 165-163 without affecting any long term market structure. Currently where the inner trend meets the underside of the largescale trend within a large range zone block trapped between 50% and a strong resistance level, the key here is just patience and waiting for the right confirmations to play out. On friday I already entered a short position with my VIP group from around 170.850 with various take profits levels down to 170.750, 170.500, 170.250, and 169.250.
Short
by OfficialKieranTrewick
How To Analyze Any Chart 📚 Gold Example 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Today we are going to go over a practical example on #GOLD , but you can apply the same logic / strategy on any instrument. Feel free to ask questions or request any instrument for the next episode. 📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management. Good luck! Remember, all strategies are good if managed properly! ~Rich
OANDA:XAUUSDEducation
by TheSignalyst
37
Gold xauusd Intraday Signal 19-09-23R3 LRS 1944 (SMC Supply Area) R2 MRS 1938 (SMC Supply Area) R1 HRS 1934 S1 HRB 1929 S2 MRB 1919 S3 LRB 1909 (SMC Demand Area) SELL> 1934 - 1938 BUY> 1919 - 1929 FOLLOW UP D1 On support Sma44/1927 Sma200/1923 W1 On support Sma44 / 1915 MN 38.2% / 1903 Macro Fibo at strong Support OBSERVATIONS: Golden Cross in H1, meeting of SMAs in H4, All large time frames’ SNRs on support. What else a trader required whose work plan is totally based on technical analysis? We are in bullish trend. All level sells will be high risk and we should consider to find a comfortable buy position. For a reminder, above 1918-23 we are bullish and below we are bearish is observed. For the day most comfortable place to buy is between 50%/1922 and 38.2%/1925. SMC and Sma44 both are in this range. Good luck.
FXOPEN:XAUUSD
by wajidalikhan2123
Gold xauusd intraday signal 14-09-23R3 LRS 1924 R2 MRS 1915 R1 HRS 1910 S1 HRB 1909 S2 MRB 1906 S3 LRB 1898 BUY> If the price gets rejection from 0.0%/1905 then an entry around 1906 otherwise buy around 1898-1903 SELL> If the price gets in touch with 38.20%/1913 and Sma44 aligns with it then selling will be essential around 1912-15 FOLLOW UP D1 Sma200 acted as support for three days 1917-18-19 and now at resistance 1920 W1 Sma44 1910 Now will serve as Resistance MN 38.2%/1903 Macro Fibo as Support OBSERVATIONS: The green marked arrow act as support for the whole day at 1909. There are more resistances in larger time frames present in fibo range than support H1 is in down trend so a sell entry is much safe. However as retracement is always due we cannot over look buying opportunity also.
FXOPEN:XAUUSD
by wajidalikhan2123
Gold xauusd intraday signal 13-09-23By the Grace of All Mighty Allah. Alhamd o Lillah, it is being second month of my posted signals that we are in consistent winning ratio of 7:10. After taking multiple TPs from 23 and 28 entries. Only one in sell at 1928 is still active. Finally D1 showed the first way point as price crossed the strong hold of Sma200 in it. W1 Sma44 was kissed at 1910 and penetrated a bit also. MN 1903 is nearing day by day. Keeping all facts of larger time frames, here is the work plan for Wednesday. The black path line is showing a possible DB at 0%/1907 and may lead the price towards 50%/1919 where Sma200 of D1 at 1920 has become resistance. This is the point of sell. Consequently there is a good buy position at 0%/1907 if rejected. However if the DB fails and 0%/1907 got broken then on return from 38.2%/1903 MACRO FIBO a rejection may occur at 0%/1907 making a sell opportunity. Subsequently an immediate sell can be initiated at 23.6%/1913 also. My work plan is to wait for the price to get rejected from 1907 to take a buy or on break of 1907 wait further for the price to return from 1903 to be rejected from 1907 to take a sell. However Wednesday is also a big news day so our very first option is to avoid any un necessary entry. The work plan is affordable well before this news event.
FXOPEN:XAUUSD
by wajidalikhan2123
Gold xauusd Intraday Signal 12-09-23Please do not get bored from the review I gave for our last trade session. It is a learning process for all of us to review and revise our achievements and mistakes. Well, Monday blues turned out to be a happy day, my previous sell entry and sell at 1920 got BE hit respectively but buy at 1917 gave the TP. Later on our group decide to jump in on a confirm rejection at 1929 and we took 1928 and 1923 sells. I have TP my 1928 sell first lot and again second is on BE. However 1923 is still open. D1 Sma200 defended well for the fourth day and kept the price above 1918 and now it is serving at 1919. However the upper side long wicks made are a sign of selling pressure. W1 and MN TFs are still near their respective supports. Fellows must be wondering why I am so much observing larger time frames because all of the work plan is being done on H1 TF for Intraday. Here is the answer, when larger TFs are near to their SNRs, a possible reversal or retracement could happen and it helps a lot to decide more confirmed entries secondly it also help to decide TP for the second lot we take. For example D1 support is falling between our well tested ranged SNR 1918-23. Ok for Tuesday session, a sell chance is at 50.0%/1923.60 where Sma44 is also aligned. For a buy opportunity we still have 100.0%/1916.51 and the D1 support 1919. Also SMC demand/buy range falls in between. So the work plan is to place PO at 1823 for sell and 1918 for a buy but on rejection from 100.0%/1916.51 level. Due to down trend in H1 a confirmed rejection is required to pick a buy entry.
FXOPEN:XAUUSD
by wajidalikhan2123
Gold xauusd Intraday Signal 11-09-23I remember on Thursday we got two BE hits and we rested and call the day off. Friday turned out to be profitable and we got two TP hits but it was only due to group discussion and a team work. Very realistic live market trading. My second lot in sell at 1926.91 is still intact. Lets have an over view of market position as it is a week end and we have a break to relax and cover up all TFs. So, in monthly TF the price is leaning towards its support area 1903/38.2% MACRO FIBO. W1 TF is also dropping towards Sma44 support 1907. So the D1 TF is going to play a vital role in clarifying the way point because its Sma200 have supported the price at 1917 and now it is serving as support at 1918. We may see last three candles were well kept online with it. Now we can observe our H1 TF for our work plan. Having in mind all those large TF support areas, The SMC indicator is showing demand/buy area from 100%/1916 to 78.6%/1919 provided Sma44 is aligned with 61.80%/1921. So we are range bound on our tested 1918-23 Ranged SNR. It will be also Monday, price may hover around 1916-21. We have to enter the market with BE technique. On Break/Rejection at 1921, I will BE it on reaching 1919 in sell and 1923 on buy. Similarly on Break/Rejection at 1916, I will BE it on reaching 1914 in sell and 1918 on buy. Set your alarms as Trading View for two points 1921 and 1916 and then act accordingly. Don’t waste your time watching the monitor unless you are a Scalper. My sentiments are more towards selling. Do not enter blindly, compare your work with mine and if you feel unity in them, go for it. Good luck.
FXOPEN:XAUUSDShort
by wajidalikhan2123
3