GOLD - S/R zones & GAP formation descriptions
Обновлено
Hello Community!
Check out my swing & intraday key zones for my trading and also check descriptions of very famous Price Action formation called Gap. Full descriptions inside this idea.
🎉Gap Formation:
Gap is an anomaly in price movement caused by the initiative of buyers or sellers. As part of a rapid movement, the buying or selling volume is not offset by the counterparty and a so-called single-Gap volume is created. We can tell this from the chart simply by the fact that there is a so-called volume hole between the three candles. There is no common point between the first and third candle. Gap is a very popular and effective formation, in which we expect to fill the missing volume and the so-called closing of the gap, which will occur in most cases, but we do not know when it will occur. We also use the Gap formation as an indication of a new movement. Where we try to enter in the direction of a newly started trend during pullback. The gap serves as a very significant S / R zone. In our Price Action Pack Gap formation, you can easily recognize the form by coloring the candle blue or purple.
🎉More descriptions about my trading.
I am not patterns trader. My strategy and edge is looking for strong volume zones where Big players were trading. And if a market will come to this zones, I want to trade there again with them. So every day I prepare key levels and key zones and I am waiting when a market will come there.
📲In the chart you can see Long / Short levels into which I enter directly through the limit and then I control them based on the volume . If the market does not respect the level and starts to form a volume in the negative zone, I try to end the position at the breakeven point or stoploss. I set the Profit Target according to RRR or according to key levels and S / R zones. These levels can also be traded from the other side, support becomes resistance and vice versa.
❗️First of all, when I have the level ready, I have to set a Stoploss.
Stoploss is determined by several criteria. First of all, it must not be too far away and also it must not be in an area that serves as a magnet such as POC , Key Levels or a stoploss zone, where the market will run out of liquidity.
Summary:
Stoploss determined by.
✅1. Pivot High / Low
✅2. Logical zone according to VolumeProfile
✅3. Low Volume Node and High Volume Node
✅4. Outside of key levels
🎉 Management Rules:
✅When I see in negative zone 5 minutes whole candles ( for short level "over" the level for long level "below) I move my Take Profit to BreakEven point and I want to exit position on Entry point or my Stoploss.
✅ When 80% of profit is reached I am moving my Stoploss to BE point.
Hope it helps,
Have a nice day!
Check out my swing & intraday key zones for my trading and also check descriptions of very famous Price Action formation called Gap. Full descriptions inside this idea.
🎉Gap Formation:
Gap is an anomaly in price movement caused by the initiative of buyers or sellers. As part of a rapid movement, the buying or selling volume is not offset by the counterparty and a so-called single-Gap volume is created. We can tell this from the chart simply by the fact that there is a so-called volume hole between the three candles. There is no common point between the first and third candle. Gap is a very popular and effective formation, in which we expect to fill the missing volume and the so-called closing of the gap, which will occur in most cases, but we do not know when it will occur. We also use the Gap formation as an indication of a new movement. Where we try to enter in the direction of a newly started trend during pullback. The gap serves as a very significant S / R zone. In our Price Action Pack Gap formation, you can easily recognize the form by coloring the candle blue or purple.
🎉More descriptions about my trading.
I am not patterns trader. My strategy and edge is looking for strong volume zones where Big players were trading. And if a market will come to this zones, I want to trade there again with them. So every day I prepare key levels and key zones and I am waiting when a market will come there.
📲In the chart you can see Long / Short levels into which I enter directly through the limit and then I control them based on the volume . If the market does not respect the level and starts to form a volume in the negative zone, I try to end the position at the breakeven point or stoploss. I set the Profit Target according to RRR or according to key levels and S / R zones. These levels can also be traded from the other side, support becomes resistance and vice versa.
❗️First of all, when I have the level ready, I have to set a Stoploss.
Stoploss is determined by several criteria. First of all, it must not be too far away and also it must not be in an area that serves as a magnet such as POC , Key Levels or a stoploss zone, where the market will run out of liquidity.
Summary:
Stoploss determined by.
✅1. Pivot High / Low
✅2. Logical zone according to VolumeProfile
✅3. Low Volume Node and High Volume Node
✅4. Outside of key levels
🎉 Management Rules:
✅When I see in negative zone 5 minutes whole candles ( for short level "over" the level for long level "below) I move my Take Profit to BreakEven point and I want to exit position on Entry point or my Stoploss.
✅ When 80% of profit is reached I am moving my Stoploss to BE point.
Hope it helps,
Have a nice day!
Заметка
Daily, weekly, monthly Value Area key levels Заметка
Orderflow zones Заметка
Weekly VWAP 
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.