GC made a false break down of balance. We should buy at first trend level 1322,8 with stop1, or wait for a correction wave to the balance levell 1311,9 with stop2
trade # 19 gc direction l Mar 7 18 entry price 1332 trade # 14 gc may 1400 call direction l Mar 7 18 entry price 4.8 trade # 7 gc may 1290 p direction l Mar 7 18 entry price 4.4
where is this going?...let's watch and see
GC is on the lower balance level on H1 timeframe and it's consolidating. If the price breaksout balance1 we will buy
I have a cool mate in my ForkTrading Group. He is trying things out, ask questions, sends me charts and throws comments in the blog section. Hi has quiet a good eye. And he's willing to learn. Today I got a chart about Gold from him. I gave him feedback, attached with this two charts. This one is a middle view of both. First I always want some context....
After the balance goes down the price is in down trend. If the price will return back to the lower balance level we'll sell it
I have been short gold for a few weeks now based on my personal (see attached.) Price has ripped up harshly but that isn't stopping me. Unless we poke above that high I am still short. Stop at 1366.6 Entry: Sell -2 @1343.4 T1: sell 1 contract at 1320.2 T2: Sell 1 contract at 1297.0 to close out position
As you can see, there's a huge bar screaming at us. It broke out of a pressure resistance. I expect it to pull back, just to scare everyone out of this long opportunity. My ForkTrading Members got a video today, how I would approach it to stalk a trade. Subscribe and get the videos I do for my FTG tribe (see footer here on TradingView). P!
Here are the days trades that BigPOW generated for multi day swing trades, actually ES triggered yesterday. GC long FEb 8 at 1320 NQ short Feb 8 6475 ES short Feb 7 2684 ZB short Feb 8 144'24 will keep updating as new trades hit and watch these trades. BigPOW is new adaptation of the Day trade Algo
GC is flatting between levels 1324.4 - 1318.9. And this levels are POC of last days. We can sell or buy GC on border of flat: sell1 - 1324.4 stop1 - 1327.2 target1 - 1318.9 buy2 - 1318.9 stop2 - 1316.3 target2 - 1324.4
buy - 1330.4 stop - under false break 1322.5 target1 - 1344.5 target2 - 1349.2
Double Re-penetration Pattern. Trade setup with Buy Stop position (EP) at 1337.5, Stop Loss (SL) at 1333 and Take Profit (TP) at 1342. Money Management I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD. Position Sizing 1 Tick = $100 1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons) It...
Turtle Soup. Trade setup with Buy Stop position (EP) at 1336, Stop Loss (SL) at 1329 and Take Profit (TP) at 1350. Money Management I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD. Position Sizing 1 Tick = $100 1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons) It is 7 Tick from EP...
1. Forks 2. Action/Reaction 3. Support/Resistance 4. Frequency Learn to earn is the best way to become a independent trader. Check out my website and start today. P!
On my private blog (see footer), I teach about the pure Action/Reaction and show prove of concept on the ES-E-Mini. Here we have Gold and this shall be a tiny appetizer, before you grab the whole menu. Watch and learn. P! §8-)
Topics I talk about: Swings Forks Tests & Retests Information from the Forks New peaces to the puzzle - Levels Potential trade
Late stock market cycle (may last longer than you think) is bullish for gold . A weaker U.S dollar may add acceleration to the velocity.
Gold Futures CME - GCZ2017 December 2017 Signal: Sell Limit - $1290.00 Take Profit - $1250.00 Stop Loss - $1325.00