Leaving this station for now.
Two trades running one SHORT trade on DXY.
And LONG trade on GOLD.
DXY is the payer:
Meanwhile gold is the game player.
Two reasons for me being too early in gold buy trade is, that I know how many people ( my followers ) are out there with bad long positions, and when you know that gold is targeting 1383, you want it to happen so...
If you remember the ThanksGiving Idea where I gave out gold phase template ( not available anymore ) we hit 50% on that template in the current phase.
If you remember the rules when break 76.4 target 50, if break 50 target 23.6.
50% is very sensitive here.
If broken, we have 3 possible targets 23.4 > 100 > 76.4 ( on chart )
Today 1185 did the...
Hello.
This will be the same chart layout as posted before:
But I want to explain more about what we have here.
I was waiting for this scenario but it did not happen till gold hit 1160.
Friday close price was 1177.4 and this is what I am looking for!
postimg.org
What we can see is that all 3 transitions ( marked in yellow ) are below ( lower ) than close...
I reserve all rights to say that gold bears is finally done, because second template with levels now work in confluence with my dynamic level template.
See what happens when dynamic level template and 2nd template both indicate SHORT.
So far I have suffered 25$ drawdown, which is not the worst case.
I will qoute one of my follower saying " I am early but I'm...
Friday ( December 2 ) I will make sure I have access to my High Frequency Trading Machine so I can inform you whether we are getting bad or good NFP report, what means either gold more down or up.
Those who are following me for a while now know how we traded NFP and other events, those who don't know, either study my past ideas related to HFT or just don't trade...
This idea is more for my record / journal.
Currently I experienced max draw down 25 dollars so far on Long gold trade which is actually not the worst drawdown seen considering that there are people with long entries above 1300
I have a bad entry and timing on this trade.
But I am a man that trust in my own strategy even if I lose.
It's already enough seeing...
New month, means new data and full recalculation, is what I was working on.
Bear key levels are way too deep down, not even near where we are now.
Everything under Permanent Volume yearly target ( 1180 that I mention ) is a part of SL hunt game.
Frequency rollover yesterday completed and gold is ready for this new month.
HINT - I will enjoy Monday ( December 5 )...
Nothing change on intraday basis, the only difference is that some levels today move below close price are located
@1187.
Therefore we may se bullish Asia.
1185 > 1182 support bulls too.
I stick to my initial trade/ idea anyway:
Some followers do request intraday idea updates as a follow up to our long term trade, so here it goes.
Majority of my followers are long from green rectangle area.
Some got 1174, some 1180, some 1185.
My current " set and foget " long is 1185.
Close price above 1192 is amazing sign intraday and gold should now go up to re-visit 1197 again as it is a Heading...
If you don't understand what is that mess on the chart, this idea can give you an insight.
On my gold table I have done selling it both Temporary and Permanent Volume targets are reached, and those who care fundamentals, don't worry no rate hike will ocurr this year, since gold has spoken.
I have set my buys on gold for now. Next place where I am about to...
Hi. Spent long time analysing the gold. I strongly believe in my calculations that gold is done dropping for now.
It came to see both my temporary target 1193, and permanent volume target 1180.
This was the bear pancake, now bring the Jam.
By frequency calculations gold has to fall like under 1170 and spend there at least 3 days to say that bulls are not...
Wanted to make this clear with big picture.
As you know I told you gold is to reach 1383 at least.
But can fall to 1193 ( not obligated )
If gold falls I will buy at 1194.00 , 1186.00 and 1181.00.
If gold does not fall, I will buy from 1235.00.
For a target 1383.00 > 1393.00 > 1430.00.
I don't see gold going lower than 1180.00 because the target 1383 is not...
As in life the same in forex , sometimes we create a problem . And we always think that problem needs to be solved with our interaction, but in 99% of cases because of emotions we make the problem more complicated thus creating even bigger problems .
Sometimes just a pure time / patience can solve the problem without our interaction. All we have...
Welcome to the new week of trading.
I plan to sell around 1210ish and finally get my 1193 if situation doesn't change.
And 1193ish is where I start to look for em bottom buys.
Bifurcation theory I recently apply on trading so after some tests we'll see what's up!
I will update as always.
Cheers.
