ride the down portion of the wave, once if breaks down and retests
OK, I'll start off with a disclaimer. I am not an expert on EW theory - this is my first(ish) attempt If you see anything wrong with my counts, then please comment below. NOT A TRADING SIGNAL - ONLY LEARNING
Ok, usually my charts are a lot cleaner than this and before i post a trade idea, this is the process i usually go for. I look for confluences (as many as possible) and then go and take my trade. It's not always possible to have many confluences. So let me explain this idea for you# Confluences: 1. Looking at 50%-61.8% retracement from Gold plummeting from 2050...
Anticipating a H&S formation off the supply zone 136.2 You could take this trade earlier near the sell zone - but looking at the 4h candle shows some bullish reaction and may suffer some drawdown. GJ moves quick. My strategy would be to enter 0.5% on the Sell Zone and 2% on the Supply area marked up. SL above previous high Moving stops to break-even once the...
HUGE potential here I'm already in a small short position (No SL) -Will add a larger position if price reaches my target price range (1960-1970) with a stop loss of around 20pips Not trading advice or signal - idea only
NOT TRADING THIS MOVE! I think once more leg and drop it like it HOT. Every indicator is exhausted. This is a wave 5 bubble and when it pops, don't get burnt! Where it goes up to is anyone guess now - the yellow lines mark some daily candle resistances - but really this is nothing significant. - It's in the hands of the big banks now to wheel the retail traders...
Be careful and manage risk - gold's had a massive run up and may need a breather Trading idea only
Huge potential for a small risk. Price can overshoot so once in profit, manage your risk!
Long term trade - big account requires for drawdown. Do not trade with small equity SL should be as low as possible (my SL here is small risk) - i reckon it's time for this one to make some moves - to the moon Trading idea only - not a signal
Once the area gets rejected and 1-2-3 move out of the structure - sell stop to the gap
Gold broke out last week from 1786 and not retested. I believe a retest of this are is in play and i will only take buys when gold reacts bullishliy to this area. If it does't reach there - i wont chase it
I prefer to go long on these from support so Manage risk straight away price is being cornered, wait for the breakout to be safe - might be huge
This is by no means my idea (in full) - some tweaks made from TRADING RUSH video on MACD trading strategy so credit to them!
Possibly a good moment to long us30. Had a 500 point dump not long ago. Buyers may step in idea only- not a signal