GC - long opportunityWe see that the price rebounded from the lower balance level. And now you can buy gold at trend level 1312.7 with stop under the lower balance level (1301.6)
Gc!
GC - No Chance For Gold Anymore.Sounds dramatic?
...I think it is.
Every commodity has it's price. But only the one that Humans are giving it.
Why has Gold failed so many times to make new highs? Why did the Bank of Canada sold (most or now all?) its Gold in 2016?
Yes, I know, we don't trade on fundamentals, but pure price and Action/Reaction. However, sometimes fundamental facts have their merit.
Away from the fundamentals and on to the real "meat":
The white up sloping Fork projects the most probable path of price. Even the Centerline was hit a couple times, without any clear indication to close or even stay above the balance.
Instead price dropped, gone sideways and then it happened...the L-MLH (Lower-Medianline-Parallel) was broken.
A simple break by itself is no intention to proceed the journey to the South. But when the L-MLH was tested a couple times, then the time is ripe to bring the wounded booty down to the ground.
Like a predator is hunting as economically as possible, saving energy and looking for signs for high probability success, we as Forkers are sitting patient...until the time has come, which is now.
Real Forkers are now short this market and stalk the booty until it's out of energy and ready for the final hit...
Let's have a feast at the Centerline...
§8-)
P!
GOLD likely to breakout before June! Target $1520 (GC1! GLD)Hey,
We've long been waiting for this inverse head & shoulders to come to fruition. As we can see, we broke out of the downtrend in 2016 but the 1360-1365 neckline has been tested multiple times. Finally it seems like we're ready to break out, how do we know?
1. The last low has not hit the ascending support of the latest move up. This means it's likely getting closer for a parabolic move.
2. GLD 130 & 131 May Calls are starting to get bought pretty heavily.
3. Consistent new short term highs and lows.
I went ahead and started building a GLD call position into the end of today. I distributed them at $128-130 from May-July.
XAUUSD 60 MIN short moving average failureXAUUSD 60 MIN short moving average failure POST US Easter Holiday squeeze
Potential ETP-4 PatternToo early to tell about this trade until i see the sonar results but the setup is a potential for the week ahead. I like the risk vs reward and the range bound with the pattern so this is good. Need to check news, price action when we enter the reversal but over all the setup is one to watch. Thumbs up if you agree!
gold weekly chart looking mighty ripebeen a nothing trade for as long as i can remember. we finally gonna get a breakout here?
GC - long opportunityGC 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
long in GOLDtrade # 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
GC - long opportunityGC is on the lower balance level on H1 timeframe and it's consolidating.
If the price breaksout balance1 we will buy
Gold - GC 1 hourI 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. Especially if I go down below Daily timeframes.
And then I look for details.
Like the Sine-Wave, Intention, S&R etc.
Here's my thinking about a trade in GC 1H:
If anything, I would wait for a pullback in this hourly timeframe to go short.
What do you think?
Post your comment and if you like to learn to earn, get my free ForkTrading BLUEPRINT.
P!
Emilio
GC - sell opportunityAfter 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
Short Gold_Daily Sell Signal_Overbought stochastic rolloverI 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
GOLD - GC With a nice tellAs 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!
Some trade that BigPOW triggered todayHere 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 - flatGC 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
Gold Future (CME)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 is 4.5 Tick from EP to SL, with 1 Con, I will lose 4.5 * $100 = $450
To lose 1,140 USD I need to open 1,140 / 450 = 2.53 Con
Then I will put 2 Contract
If I win, I will gain (1342 - 1337.5) * $100 * 2 Con = $900
Gold Future (CME)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 to SL, with 1 Con, I will lose 7 * $100 = $700
To lose 1,140 USD I need to open 1,140 / 700 = 1.62 Con
Then I will put 1 Contract
If I win, I will gain (1350 - 1336) * $100 * 1 Con = $1,400
GC - Gold Chart with 4 different concepts.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!
GC - Gold and a quick Action/Reaction lessonOn 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-)
