TheChartist_Code2trade

TheChartist_Code2trade

Draw Support and Resistance lines passing through multiple pivot points and closely aligning with the waves, but without cutting through too many candle bodies. Draw trendlines to identify the trend direction. Search for divergence in the 24K Oscillator or look for confluence between the price trendline and the oscillator trendline. Entry when a reversal...

TheChartist_Code2trade

A bullish price channel has formed. The candle pattern is valid. According to the financial insights and fundamental analysis I posted yesterday, XAU will reach 3k this year. The overall market is deteriorating slowly, but steadily The Chartist

TheChartist_Code2trade

Summary: Things are getting worse, slowly but worse, XAUUSD will reach 3K at the end of this year 1. Title: Xi’s Economic Adrenaline Shot Is Only Buying China a Little Time Source: Bloomberg Problem: China's economy faces a deflationary slump due to a property market crash, weak consumer demand, and trade tensions. Solution: The central bank launched...

TheChartist_Code2trade

This line bias is long, so I'm only looking for long positions despite the price appearing bearish. The bearish channel has broken out, and a new range is forming. Just follow the bias of the line and wait for better entries. The Chartist.

TheChartist_Code2trade Updated 

Price broke out of the Wyckoff range and changed the bias of the lines. I took a short position before, and now I’ll do the same. The Chartist.

TheChartist_Code2trade

Candle confirmed at the reaction zone. TP at otherline. The Chartist

TheChartist_Code2trade

Lidquid swept. Wait for better Long entry. The Chartist

TheChartist_Code2trade

2nd line formed. Wait for better entry. The Chartist

TheChartist_Code2trade Updated 

The first line of the range has formed. I have no idea where to take profit, Set the SL at the nearest high when the price closes above it. Enjoy your weekend! The Chartist

TheChartist_Code2trade

Wait for a clear range to form, don’t predict. Trade what you see, not what you think. By the way, here’s my drawing of a cat—a “doing nothing” cat.

TheChartist_Code2trade Updated 

XAUUSD Reaction zones 12/09/2024 Reversal zones for XAUUSD are identified based on line bias evaluation and criteria from the table for entering and exiting trades. The ZigZag indicator marks highs and lows, while the naked chart indicator is used to draw cleaner lines and reduce clutter. The Chartist

TheChartist_Code2trade

This is how I determine the trend when the price reacts at a reaction zone or line. I look at the nearest adjacent waves to see how the price behaves when it touches that zone. Sometimes, a line or zone may have both biases, but there are also zones with only one clear bias. The plan was to take profit and then sell, but it seems the reaction in this zone was...