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Missed the Gold Drop? Re-Entry Strategy After Key RejectionOverview: The provided XAU/USD charts show a market structure that's testing key liquidity zones (LQZ) and possibly forming reversal patterns. Your trading archetype, a mix of Bold Maverick and Analytical Rabbit, suggests that you likely lean towards taking calculated risks but need confirmation before executing trades. This archetype blend requires balancing decisive action with thorough analysis, especially when you miss an initial trade idea. 1. Multi-Time Frame Analysis: 4H Chart: The price reached a significant resistance at the 4H LQZ around 2531.595, forming a double top structure within a descending channel. This zone is a potential area for strong reversals. The recent rejection at this resistance indicates a potential shift in market sentiment from bullish to bearish. 1H Chart: There's a descending channel visible, suggesting a bearish trend in play. Price is currently at a 1H LQZ around 2494.550, which has acted as support in the past. The rejection at the upper boundary of the descending channel aligns with a confluence at the 4H resistance, enhancing the likelihood of a reversal. The current price action is consolidating around this 1H LQZ, indicating potential for either a bounce or a further decline. 15M Chart: Shows a recent sharp decline from the 4H LQZ, confirming the bearish momentum. The price is currently hovering around a minor support within the larger 1H LQZ. The rejection from the 4H resistance, coupled with the bearish momentum on this lower timeframe, reinforces the potential for further downside. 2. The Rule of Three & Patterns Within Patterns: The "Rule of Three" indicates that after three touches to a support/resistance level, a breakout is more likely​​. The charts show multiple touches on both the descending trendline and support level, suggesting an imminent breakout or breakdown. The structure seen in these charts is a descending channel within a larger potential double top, a clear example of "patterns within patterns." This amplifies the probability of a significant reversal​. 3. Entry Types and Missed Opportunity: Since you missed the initial trade, you could look for: Reduced Risk Entry: Wait for a pullback to the LQZ after a confirmed breakout below the current 1H LQZ. You could then enter a short position, targeting a lower liquidity zone or the next support level. This approach is less aggressive and aligns with your analytical nature​. Re-Entry Strategy: If the price revisits the 4H LQZ and shows signs of rejection again (like a bearish engulfing pattern or strong wick rejections), this could offer a new entry point for shorts. 4. Psychological Coaching: As a Bold Maverick, it's essential to stay disciplined and not chase the trade you missed. Instead, analyze the market's next move: Mass Psychology: Recognize that other traders might also be reacting to the missed opportunity, leading to a possible pullback (which you can capitalize on). Stay focused on your strategy and avoid the temptation to overtrade or enter prematurely out of frustration. Final Thoughts: Given the charts' current state, patience is crucial. Wait for the market to present a clear re-entry opportunity that aligns with your mix of risk-taking and analysis. Watch for a strong, confirmed break below the 1H LQZ or a pullback to the 4H LQZ with a bearish confirmation before entering your next trade.
OANDA:XAUUSD
by MommaPreneur
How not to miss an opportunity. I found out about Bitcoin many years ago when it was in prime time only to be associated with organized crime , scams, and money laundering. And that remained deep in my mind. Since jail seemed a bad idea, I convinced myself that crypto it’s not for me. As time went by, I didn’t see the good fortune because my mind was still relating Bitcoin to a dark area . Something kept me from buying and I didn’t know what. As I was on the dark side, I am now thinking that the ones who listened to another side of the story, the winning side, greatly benefit from it. Later I found out that psychologists have a name for my burden and it’s called Anchoring bias . It is described that first introduced knowledge on a subject has a great impact on our later decisions . The first details I come upon Bitcoin unconsciously affected my judgment and kept me in a do not act state of mind and made me miss my chance. That’s when I found some ways to improve my decision-making process and to look at data from another perspective , which I am going to share with you. But first, let’s take a glimpse at anchoring bias, an error of our mind present in many aspects of our lives, which usually works against us. Picture yourself in a shop on Black Friday. Would you buy an item for 150$ and how would that make you feel if you knew that it was discounted from 200$? We tend to look at the price of 200$ as an anchor that quickly drives our behavior to a decision to act. Similar to adjustment bias, comparing the 200$ item now seems like a bargain. The same thing happens in trading. How do we know whether a stock is overpriced or not? By comparing it with past quotations that act as an anchor. Is BTC overpriced at 20k? We all would agree that in 2017 it was, but how about now? These anchors make us act unwisely and take unconscious decisions with small returns. This could lead to unsatisfying results, frustration, or wipe our account over the long run. Once you get better at identifying the anchoring bias, you can use it to your advantage. Think about what makes good and strong support & resistance. The perception is that a large number of investors credit that bid as a fair value for them. So what should we do? T o have a better understanding of what drives our choice it’s important to double-check our mindset, emotions, and the data that we encounter. Does it help us or it could be a potentially harmful anchor? What is the context of the news? In the example above, could we consider solely that 150$ is a fair price, without the 200$ price before the discount? Also, if you have a strong assumption about a subject, try to look at other points of view, not to change your mind but just to reinforce the reasons you already have. Remember that the first step into overcoming a bias is to be aware of its presence and next just look inside you to find proof that drives your decisions. So, let’s recap Find context - Figure out if the price you set for your buy order is a fair one or if you find it good compared to the day before. Find anchor - Do I want to invest in this company I have never heard of before just because my cousin thought it was a good idea? Observe - Do I have doubts about this buy? Do I follow my plan or I am unconsciously driven to make this purchase Review - Have I looked at other oppions?
COINBASE:BTCUSD
by TheSimpleThinking
The less sense it makes the better ! ! !Everybody is waiting to short S&P 500 because of covid consequence worldwide. 1. More people play the markets today than a year ago 2. More people are waiting to short the index than a year ago Everyone playing the markets long enough is seeking for revenge for 2 simple reasons 1. Exited the market too soon 2. Missed the market rally Of all the people being playing this 11 year bull market most of them missed the latest rally and now are pissed and looking to SHORT!SHORT!SHORT! Forget about it! why? because you all think about it...
SP:SPXLong
by Philoslother
Simple pivot strategyFree money. Price usually never misses daily pivot. And if price does miss pivot during a day - it will come back to that level sometime later. God knows when but it will. This applies to all pairs but works very well in gold as you see. If you see price open with a gap away from the daily pivot - you can safely target daily pivot 90 percent of time it will hit it. Those 10 percent of times when price might miss a pivot happen during the strong trends. Actually a missed daily pivot or two marks a START of a strong TREND. Test various instruments yourself and just get convinced. The same applies to weekly and monthly pivots. With missed weekly pivots you can catch dozens of pips. GOOD LUCK!
OANDA:XAUUSDEducation
by ICFX
4
EURUSD MISSED MISTAKE! Evening all, So if you go back and look at the EURUSD trade we was looking at to sell! 1st mistake was not seeing the daily trend! Thankfully we did not enter the EURUSD Sell trade as it went passed our trendline! but that's no excuse! This published chart here is what we should have been looking at! We missed out on 5%+ good RR!!! We will try not make that mistake again we where trying for the divergence scalp as well!! +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ NOTE!! Any losing trades I will go back on and show you why I entered (if entered) or what we missed as a whole!! Stay in touch hit the follow!!
by theexchangefx
4
Where was I over the last 62 days?!Trends are not easy to spot when they're developing. I'm sure I looked at AUDCAD many times across several time frames in last 80 days. Now I'm seeing the trend on 12H better, having missed the boat several times! Jeeez this is so annoying! I suspect that several times I must have thought, "Nah.. it's about to reverse soon. " - and just ignored it very swiftly. This is a mistake, that I need to self-correct. Do share your lessons learned too. :) :)
Education
by Captain_Walker
Learn from my mistakeWell folks, it happened today. TSLA went crazy. And I missed it. Well, most of it. I was watching it like a hawk to break out of its coil yesterday. It didn't but I knew it could today, but due to some others that were losers right off the bat for me this morning, I wasn't paying enough attention to remember how big of a deal a break would be. I did manage to buy one call at the break and make $140 profit, but missed out on $600 more by selling way too early, and only went in small due to the losses on the day shaking me up psychologically. Moral of the story, if you get a chart that's doing what you hope, go big (still keeping a stop loss of course) and let it ride, even if you've lost some that day.
NASDAQ:TSLALong
by StonksCrypto
At Market Cypher Short!Hey guys, Just found an at market Cypher pattern on AUDUSD 4H following our loss on this pair last week. I actually missed the conventional .786 entry however the pattern is still valid as X @ 0.7680's hasn't been broke. This is actually giving us a much better Risk Reward, especially for a Cypher pattern. Note - if X had been broken this would be an invalid trade and I wouldn't enter it - unless of course I was already in. Will be looking for a press lower in this - trading fibonacci targets. Keep an eye out! Fibsii Team.
Short
by FIBSII