Thanks budhi1976.
Now I have taken 100 points on the fall of gold.
I came in a little early. but then I saw all the patterns.
I was supposed to come in 60 minutes later. After the pink big dot

Brilliant! As long as you recognize the patterns, follow the rules, and pair them with solid money management, you’re on the right path to becoming consistently profitable.

Ababai wrote: Thu Jan 23, 2025 8:41 pm Thanks budhi1976.
Now I have taken 100 points on the fall of gold.
I came in a little early. but then I saw all the patterns.
I was supposed to come in 60 minutes later. After the pink big dot

i am fail again to close in the right place

Based on my experience, Heiken Ashi candle can be used for exit strategy, for example, once it change color (which means it shows weakening of current trend) and start to develop candle with only 1 wick, that's your signal to exit trade.

tmostafa007 wrote: Thu Jan 23, 2025 9:55 pm i am fail again to close in the right place

tmostafa007 wrote: Thu Jan 23, 2025 9:55 pm i am fail again to close in the right place

Greed can destroy, why didn't you close when you had more than 1000 points? With such a big move on a 1 minute chart a pullback is very likely. Set yourself rules and stick to them do not count on the market going your way indefinitely it must eventually turn around and you will be left with nothing. Xard has said many times to tear some meat off the bone and get out, there will be many more opportunities. The 1 minute chart is quick, if you want to earn more pips go to a 5 or 15 minute chart

Greg wrote: Fri Jan 24, 2025 12:17 am Greed can destroy, why didn't you close when you had more than 1000 points? With such a big move on a 1 minute chart a pullback is very likely. Set yourself rules and stick to them do not count on the market going your way indefinitely it must eventually turn around and you will be left with nothing. Xard has said many times to tear some meat off the bone and get out, there will be many more opportunities. The 1 minute chart is quick, if you want to earn more pips go to a 5 or 15 minute chart

I already caught the second move, and I did that. thanks bro for your advise it was risky but it's closed with green pips

Hello everyone,

I’ve marked a few points of interest on the attached chart and would really appreciate it if someone could explain them to me.

Additionally, I have a couple of questions regarding trading on the M1 time frame:

Which higher time frame(s) should one focus on when trading on the M1 chart?
What confluences to look for to increase the probability of trades?

Specifically, I was wondering if it’s a good idea to wait for an UP SQUARE and UP ARROW on the M5 chart as confirmation before taking an entry on the M1 chart.
Does anyone have experience with this approach or a similar setup?

Looking forward to your insights!

Today was another prime example at the DAX.
I let the trade run since this morning and the exit was at ADR 61.8.
Marked the points. I think many words are no longer necessary 'SECOND DOT'.
Why I held the trade for so long: The blue dot formed almost at OPEN and the green dot didn't break through the OPEN.