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QO1! trade ideas

The New Competition is apon us📈 Upcoming CME Trading Competition: What Traders Should Know 📈 The CME Group is gearing up for its annual trading competition, and it's an excellent opportunity for traders to showcase their skills in a simulated, risk-free environment. Here are some key points to keep in mind: Key Factors to Watch Out For Real-Time Data Feeds: Ensure you have access to accurate and timely market data. Diverse Asset Offerings: Familiarize yourself with the various asset classes available, such as agriculture, energy, metals, equity indices, interest rates, and foreign exchange. Competition Environment: Understand the rules and regulations to avoid disqualification. Psychological Pressure: Stay calm and composed, as the competitive environment can be intense. The Importance of Backtesting Backtesting is crucial for developing a robust trading strategy. By using historical data, you can simulate trades and analyze the effectiveness of your strategy5. This helps in identifying potential flaws and refining your approach before risking real capital. Inspirational Quote To wrap things up, here's a quote by the legendary trader Jesse Livermore: "The game of trading is the greatest game in the world. If you are wise enough to learn it, you can do anything you want to do." Best of luck to all participants! May your strategies be sound and your trades profitable. 🚀
COMEX:GC1!
by Uniden202
100Pts Long on GOLD / 5R Multiple for DA HOUSE Recap!!COMEX:GC1! "2025 For a greater reward, we must go to the valley to CONQUER!!" -500KTrey Here in this video I have gone into great detail about our system; Confluence Profile 500K (Expectational Order-Flow + PA) 20pt Stop / 5R Run... Well DONE!! Enjoy. Stay Dedicated. Stay Focused. Seek Inspiration!! Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well an Abundance of low hanging fruit awaits us." -500KTrey +Shalom
COMEX_MINI:MGC1!
by TreyHighPwr
Gold Looks Towards 2700 $Gold Futures Short at 2730 $ as Double Top Pattern formation completed and Neck Line is Broke successfully with retest done in H1 time frame. Expected fall towards 2700 $ which will be Profit Taking level. Characteristics of a Double Top Pattern: Two Peaks: The price creates two nearly equal highs, indicating strong resistance at that level. The peaks are separated by a pullback (called the "valley"). Support Breakout: The pattern is confirmed when the price breaks below the "neckline" (the horizontal line connecting the lowest point of the valley). Volume: Volume is typically higher during the first peak and lower during the second, showing weakening bullish momentum. Bearish Implication: When the neckline is broken, it suggests a potential downtrend, as buyers fail to push the price higher.
COMEX:GC1!Short
by asiangoldtraders5
Long positions feasible as gold tests resistance levels next wee - Key Insights: The recent performance of gold indicates its positioning at critical resistance levels, particularly around $2720. The potential for upward movement remains if it breaks through these levels. Traders should focus on managing risks given the high volatility, and beginners are encouraged to practice with a demo account before engaging in live trading. - Price Targets: Next week targets for long positions are T1: $2750, T2: $2785. Stop levels are S1: $2710, S2: $2680. This setup suggests a cautious approach while betting on gold’s ability to breach key resistance. - Recent Performance: Gold exhibited significant fluctuations this past week, stabilizing around the $2750 mark. Its performance stands out particularly as other financial sectors have excelled, though gold remains intertwined with evolving market conditions reflecting investor sentiment. - Expert Analysis: Analysts continue to express a cautiously optimistic outlook for gold in light of shifting economic indicators. While volatility remains a concern, the sentiment among experts suggests that a breakout above $2720 could signal renewed interest from commodity investors, especially during uncertain economic times. - News Impact: Positive earnings announcements from major banks have created a ripple effect, fostering speculation about a possible shift of capital from equities into commodities. This environment encourages attention towards gold as a safe haven or alternative investment during times of market turbulence, underscoring gold's importance in a well-rounded investment strategy.
COMEX:GC1!Long
by CrowdWisdomTrading
Master ICT Weekly Profiles❔ What Are ICT Weekly Profiles? ICT Weekly Profiles are conceptual frameworks designed to illustrate common patterns of price behavior observed during a trading week. These profiles help traders analyze and anticipate potential market movements based on historical tendencies and recurring patterns. Each ICT Weekly Profile has distinct characteristics, providing insights into how price action might unfold within a given week. However, it is essential to emphasize that these profiles are not definitive predictions but tools for understanding market tendencies and guiding decision-making. Detailed explanations of each ICT Weekly Profile, accompanied by examples, are provided below. 🌟 Classic Tuesday Low of the Week Bullish In a bullish scenario, the market often exhibits a manipulative move on Monday, hovering above a higher time frame discount array. By Tuesday, the price typically retraces into this higher time frame discount array, establishing the low of the week before resuming its upward trajectory. To anticipate this behavior, it is crucial to identify the higher time frame discount array. If the market does not drop into the discount array on Monday, it is highly likely that Tuesday will see a drive lower, forming the weekly low during the London or New York session. 👉 Classic Tuesday High of the Week Bearish In a bearish scenario, the market may exhibit a manipulative move on Monday, hovering below a higher time frame premium array. On Tuesday, the price typically rises into this higher time frame premium array, establishing the high of the week before resuming its downward trend. To effectively anticipate this behavior, it is essential to identify the higher time frame premium array. If the market does not rise into the premium array on Monday, it is highly probable that Tuesday will witness a drive higher, forming the weekly high during the London or New York session. ℹ️ Wednesday Low of the Week Bullish In a bullish market, price action often exhibits manipulative behavior on Monday and Tuesday, hovering above a higher time frame discount array. On Wednesday, the price typically drops into the higher time frame discount array, establishing the low of the week before resuming its upward movement. Key Insight: To anticipate this phenomenon, it is crucial to identify the higher time frame discount array. If the market does not drop into the discount array on Monday or Tuesday, it is highly likely that Wednesday will see a drive lower, forming the weekly low during the London or New York session. 🔗 Wednesday High of the Week Bearish In a bearish market, price action often displays manipulative moves on Monday and Tuesday, hovering below a higher time frame premium array. On Wednesday, the price typically rises into the higher time frame premium array, marking the high of the week before continuing its downward trajectory. Key Insight: To anticipate this phenomenon, understanding the higher time frame premium array is essential. If the market does not rise into the premium array on Monday or Tuesday, it is highly probable that Wednesday will see a drive higher, forming the weekly high during the London or New York session. 🟢 Consolidation Thursday Bullish Reversal In a bullish market, price may consolidate from Monday through Wednesday before running the intra-week low and rejecting it, forming a reversal. How to Anticipate: Identify the higher time frame discount array. If price fails to drop into the discount array earlier in the week, Thursday may see a drive lower due to market-moving news or an interest rate release, typically around 2:00 PM (New York local time). ⓘ Consolidation Thursday Bearish Reversal In a bearish market, price may consolidate from Monday through Wednesday before running the intra-week high and rejecting it, forming a reversal. How to Anticipate: Recognize the higher time frame premium array. If price fails to rise into the premium array earlier in the week, Thursday may see a drive higher triggered by market news or an interest rate release around 2:00 PM (New York local time). 📈 Consolidation Midweek Rally Bullish When price is bullish and consolidates from Monday through Wednesday, it may run into the intra-week high and expand higher into Friday. How to Anticipate: Look for a scenario where price has yet to reach the higher time frame premium array but has recently rallied from a discount array and paused without any bearish reversal signals. This suggests the price is preparing to expand higher towards the premium array. 🔴 Consolidation Midweek Decline Bearish When price is bearish and consolidates from Monday through Wednesday, it may run into the intra-week low and expand lower into Friday. How to Anticipate: Identify if price has yet to reach the higher time frame discount array but has recently declined from a premium array and paused without any bullish reversal signals. This indicates the price is likely to expand lower towards the discount array. ⛔ Seek and Destroy Bullish Friday This is a neutral to low-probability profile. From Monday to Thursday, price consolidates while running shallow stops above and below the intra-week high. On Friday, it runs the intra-week high and expands higher. How to Anticipate: Such conditions often arise during periods of interest rate announcements or Non-Farm Payroll reports, especially in the summer months (July and August). It is advisable to avoid trading under these conditions due to increased unpredictability. ⚡ Seek and Destroy Bearish Friday This is a neutral to low-probability profile. From Monday to Thursday, price consolidates while running shallow stops above and below the intra-week high. On Friday, it runs the intra-week low and expands lower. How to Anticipate: This profile is common during major news events, such as interest rate announcements or Non-Farm Payroll releases in the summer months (July and August). Trading in these conditions is best avoided. 🧠 Wednesday Weekly Bullish Reversal In a bullish market, price consolidates from Monday through Tuesday, drives lower into a higher time frame discount array on Wednesday, inducing sell stops, and then reverses strongly. Key Characteristics: This pattern often occurs when the market is trading at long-term or intermediate-term lows. Institutional buying is paired with sell-side liquidity, typically targeting sell stops. 💪 Wednesday Weekly Bearish Reversal In a bearish market, price consolidates from Monday through Tuesday, drives higher into a higher time frame premium array on Wednesday, inducing buy stops, and then reverses strongly. Key Characteristics: This pattern commonly appears when the market is trading at long-term or intermediate-term highs. Institutional selling aligns with buy-side liquidity, typically targeting buy stops. 🎉 Conclusion ICT Weekly Profiles are structured frameworks designed to identify recurring patterns in price movements over the course of a trading week. These profiles encompass various scenarios, including bullish and bearish trends, midweek reversals, and periods of consolidation. By studying these patterns, traders can anticipate potential weekly highs and lows by analyzing price behavior on specific days, such as Monday through Wednesday.
COMEX:GC1!Education
by CandelaCharts
2025-01-16 - priceactiontds - daily update - goldGood Evening and I hope you are well. comment: The bull channel is clear and valid until broken. I do think a bigger pull-back is overdue but until then, bulls are in control. current market cycle: trading range key levels: 2670 - 2770 bull case: Bulls want to print above 2761 and make a new high above the December high. If they can get it, we could see more upside to 2800 since there is no more resistance afterwards. the bull channel is tight and no matter how you count it, we had at least 3 legs up and betting on a 4th is a losing strategy in most cases. Invalidation is below 2700. bear case: Bears doing not enough and if they fail at 2761, we will go 2800+ again. Not much to interpret here. We are still in a bull channel on the 1h tf and bears would need a 1h bar close below the 20ema for a start. The previous times we got above 2740, we printed huge bear reversal bars and I am hoping for another one tomorrow. Bears are also seeing this as at least 3 legs up and they want another decent pull-back for at least 50 points like the prior ones. Invalidation is above 2765. short term: Neutral. Waiting for bears to come around here at big resistance. If they fail, we see 2800 soon. No bigger interest in buying this. medium-long term - Update from 2024-01-02: If we break strongly above 2700, we will likely retest 2740-2760 and depending on that move, we will either stay inside the big range 2560 - 2760 or retest 2800 or even higher. current swing trade: None trade of the day: Buying the double bottom on the 1h tf at 2722 before EU open. Otherwise just any pullback to the 1h 20ema.
COMEX_MINI:MGC1!
by priceactiontds
Gold's shakeout may not be overLast week in a video I expressed my concerns that the start-of-year gains were a bit suspect. So it is interest to see that a bearish engulfing day formed around a resistance cluster including a weekly VPOC and trendline from the record high. Prices remain within a small symmetrical triangle on thew daily chart which could really break either way, but with such a strong bullish trend on the weekly, any retracement seems likely to be shallow. I also see gold hitting record highs this year. For now, the leg lower from Friday's high appears to have formed in one way within the triangle, which implies at least one leg lower within it. Bears could seek to fade into moves towards 2700 and target the HVN around 2646 or the lower trendline of the triangle. Matt Simpson, Market Analyst at City Index and Forex.com
COMEX:GC1!Short
by CityIndex
GC LONG from 2675-2680 targeting 2700-2710Gold future contract was traded in an up trend for the past following days, after the huge correction we had from 2760 to the ~2600 level. from there - we gained momentum and buyers that took the price all the way up to 2710 again. yesterday we got a big daily correction candle that took us back to 2680. 2675-2680 is a big AOI for this asset, and I expect buyers to come in and make the price bounce around 1% back up (2700-2710), where I will want to take profit and recalculate the odds for holding it to 2750 or let go. Stop would be bellow 2670-2675, good luck BHNVN
COMEX:GC1!Long
by HagaiVinik