Some analysis I did live with my students. didn't post it in time before it played out but went almost exactly to how I drew it. Studying and hard work will pay off, just keep hustling! (you can see it better on m5 but it won't allow me to post it)
Some more posts till Feb 27th.
What is good here:
postimg.org
Nice " Closing 15/m6 " Binomial wave ( with previous uncompleted as a bonus ).
No " Closing 1/m113 " wave.
XO 90 Ratio on Fib 100 is just 0.780, with a bullish pressure, BUT with a possible break since %/216 value is 344.
1235.9 equals BL4 / 1237.5 equals XO 90 ration on Fib 0.618.
Last question before you decide to leave - please tell me what you study to trade so good on intraday basis, where can I learn the same.?
Got this type of a question today a lot after saying that I dedicate my time to other things now so cannot be in TV anymore.
So decided to make a last chart and give you a hint.
First of all I am not a trader, because I...
Gold is a ticking sell timebomb, signal from Friday is given.
Tricky part is where to sell, but we'll find that.
Likes, comments are not appreciated.
Hit that un-follow button as well.
Thank you.
1242 is XO90 level.
Once reached cycle UP closes in current cycle and cycle DOWN opens with new transitions.
If gold reach 1245.00 that is break in new cycle and it go higher.
If you remember when I post idea about sell from 1220 I mention we could have Key pullback.
And we pullback 40$ down.
Now gold come to same situation, and can have a key pullback again.
2...
Personal setup on XAUUSD
I have been long since the break of the median line in the daily channel around 1205 area. I will be holding for now targeting the 1250 levels if we see a break I will open another position targeting at least 1280.
Stop loss is already in profit so will let this trade playout over the week. I would not advice any new entries right now....
Received a lot of messages from followers that liked the tactics and fast recovery from bad situation
with proper analysis and plan making on time.
This Idea:
But remember that there are millions of situations. This time it was easier because of current market conditions. Next time it may not be that easy because there can be more difficult market conditions...
Although I am in sell position:
There is a long signal generated based on BL4 transitions that gould should reach 1236.2 ( is target )
And breakout higher than that to generate new transition signal.
If gold reach 1236.2 and don't break it by 1$ then that would look bearish to me.
If gold reach 1236.2 and breakout higher then gold should keep moving up.
We can...
We have 1380 Temporary ( TMP ) target and 1430 Permanent ( PV ) target, that we were looking for earlier.
But this drop create same levels downside.
And 1123-1135 now become Half Year Alteration decision zone.
You know what to do on either sides of that decision zone.
Meanwhile, “I Salute to our journey's end.”.
All the best in Trading and Life.
we are approaching a key resistance level at the 1232.75 zone. A bearish divergence started at the end of Jan and is still happening. I believe after price reaches the 1232 area we will see a correction happen and a downtrend to the 1196 zone before continuing bullish again.
