My Introduction

Youre welcome aboard

Welcome to the group, It’s great to have another experienced price action trader in the room. I’m currently analysing a golf trade on spotting an accumulation level @ 4171 level to 4220 level waiting for a sweep above the 4220 level and a break below the 4171 level to look for sells from. 4171 to 4219 level. How can your FIMWET strategy analyse this same trade

Welcome to the group, It’s great to have another experienced price action trader in the room. I’m currently analysing a golf trade on spotting an accumulation level @ 4171 level to 4220 level waiting for a sweep above the 4220 level and a break below the 4171 level to look for sells from. 4171 to 4219 level. How can your FIMWET strategy analyse this same trade

The FIMWET principle is an Acronym that stands for Specific actions I must take when doing a Top down Analysis on assets I intend to trade. Each timeframe is tied to specific Timeframe, and 15mins is mostly for executions not Analysis for me. However, this is my Projection on Gold.. possible two scenarios, a break and retest for a further decline, or a break and retest, for a push upwards

Thank you for having me on board. I appreciate it

But from my own view on gold looking at it critically after breaking down to 4050 level it will definitely retest the 4123 to 4137 level before a decline but a break above that 4137 level calls for a trend change on gold

Scenario 1 played out. Gold broke below and retested, then continued further down

Welcome I have some trade map out I want to also share with you on EURUSD,

The pair has been showing some heavy decline due to fundamental factors and the risk off environment right now, so I came up with a plan to scalp eurusd, from the rejection of my Asia session lows @ 1.13511 once a key level is broken to the upside and I will buy to the Asia high @ 1.13819 , its just a scalp ,the scalp doesn't follow the trend but it's just a short trade

How did your Scalps on EURUSD go? sorry i'm just seeing this your quote.

Gold respected the level properly, but had a long view of gold since Wednesday Fed rate cut, I marked the 4023 level to be swept and it has been taken out successfully

cool

I was stopped out at 1.13378 but my gold scalped help @4058 to 4065 , Eurusd subtracted the money so I took what I got and currently am taking BTC, but it's a pending order

So when Peter rob you, you go and rob Paul instead. Nice one. Anyways with where Gold is currently at, except for scalps, i'll just sit on my hands till it decide whether it will respect the @4000-3915 Major support region

Gold currently accumulating around the 4042 and 3958 level, a strong break out of that zone will give a clear direction, but also watch for a fake out, at the 4042 level emphasis on 4042

Took Silver instead.

I guess you got stopped out at 56.138, because of the sweep

Gold currently accumulating around the 4042 and 3958 level, a strong break out of that zone will give a clear direction, but also watch for a fake out, at the 4042 level emphasis on 4042

on Gold, a break out from that flag will lead to a strong bullish move to the upside.