Tip 4: AS Dive Is Not Good NewsTip 4: Slump in AS Time, but break out the decline starting point in EU Time, and then go up in the AM Time.
Tip 4 needs to meet four conditions as follows:
1. The price slumps quickly before UTC 2:00;
2. The price rallies quickly or continuously to the starting point of previous drop in two hours;
3. The price rally breaks out the drop starting point in EU Time or earlier and pulls it back to form a top to bottom.
4. The price keeps slowly rising in EU Time until UTC 11:00.
Usually, the price will continue to rise in AM Time. If the price drops before AM Time(often at UTC 11:00-13:00), it is likely to be a bearish trap.
There are two good buying positions:
1. Pullback after the breakout of the drop starting point,usually it is the bottom to top location;
2. Drop in AM Time, usually it is above the EU Time low point.
Tip 4 usually appears at the end of a long-term bearish quotation, and it may give signals the bottom has formed.The quick slump is just the final release of bear energy.
TIPS
Tip 3: AM Bound Is Difficult to ContinueTip 3: Soar in AS Time, but break out the rise starting point in EU Time, and then go down in the AM Time.
Tip 3 needs to meet four conditions as follows:
1. The price rockets quickly before UTC 2:00;
2. The price falls quickly or continuously to the starting point of previous rise before UTC 4:00;
3. The price rallies but no new high appears, and the rise starting point is broken out in EU Time or earlier;
4.The price keeps slowly falling in EU Time until UTC 11:00.
Usually, the price will continue to decline in AM Time. If the price rallies before AM Time(often at UTC 11:00-13:00), it is likely to be a bullish trap.It is good to sell at the pullback.
There are two good selling positions:
1. Pullback after the breakout of the rise starting point,usually it is the bottom to top location;
2. Rally in AM Time, usually it is the EU Time high point.
Tip 3 usually appears at the end of a long-term bullish quotation, and it may give signals the top is forming.The quick rise is just the final release of bull energy.
Tip 2: Drop, Drop, Then Rally Is a Bullish TrapTip 2: Decline in AS Time, continue in EU Time, and then rally before the AM Time is a bullish trap
Tip 2 needs to meet three conditions as follows:
1. In AS Time,the price falls slowly and no sharp rally appears;
2. In EU Time, the price continues the decline and breaks out the low point of AS Time ;
3. In the continuous drop,the main correction is single bullish candle or doji.
Usually, it is a healthy bearish market and the price will continue to decline in AM Time. If the price rallies before AM Time(often at UTC 11:00-13:00), it is likely to be a bullish trap.It is good to sell at the pullback which may be the location between AS Time’s low and EU Time’s high.
Tip 1: Rise, Rise, Then Drop is a Bearish TrapTip1: Rise in AS Time, continue in EU Time, and then drop before the AM Time is a bearish trap
This need to meet three conditions as follows:
1. In AS Time,the price advances continuously and no sharp drop appears;
2.In EU Time, the price continues to rise and breaks out the high point of AS Time ;
3.In the continuous rise,the main correction is single bearish candle or doji.
Usually,it is a healthy bullish market and the price will continue to increase in AM Time. If the price drops before AM Time(often at UTC 11:00-13:00), it is likely to be a bearish trap.It is good to buy at the pullback between AS Time’s high and EU Time’s low.
Time Table for Tips Before given details of tips, time should be defined and divided clearly at first because it is different from normal classification and it is very important for traders. This time division is based on the different regional active traders’ trade action.
Trade time division/time table
1. AS Time(UTC 0:00-2:00 )-obviously Asian traders are the main force in the market, and the main effective time is before UTC 2:00. Also I call it Morning Time because it is in the morning in Asia.
2. EU Time(UTC 10:00-11:00)-European market has opened already then, and also European traders has set their positions, so the direction of the market has been determined in all probability. I call it Afternoon Time because it is in the afternoon in Asia
3. AM Time(UTC 12:00-15:00)-American market begin to open and American traders begin to set their positions,also usually lots of important data will be released in this time zone and the market becomes active. I call it Evening Time because it is in the evening in Asia
4. Dawn Time(UTC 15:00- )-this time zone cannot be defined accurately because it cross all the AM Time,often it is after UTC 15:00. The main quotation usually has finished in AM Time and the market begins to enter correction stage that important support or resistance which is significant to next day 's trade creates in this time zone.
Above all, the time division must be remembered precisely because it will be used frequently in following tips.Another important thing is this time table is Summer Time for traders, EU Time and AM Time should be delayed one hour in Winter Time.
10 Tips for Intraday Gold Trading - GOLDEN RULE PREFACE
These tips are summarized from author's long-term gold trading experience, and these are tested and verified very useful and effective for intraday gold trading. Importantly, users must remember these tips are only just used for intraday gold trading, neither for other commodities or forex, nor for long-term or swing trade. If traders master these techniques efficiently and use these proficiently, it is very easy to trade gold and more profits will be taken.
These tips are classified into four categories: relay form, reversal form, sideways form and acceleration form.
Tip 1: Rise in AS Time, continue in EU Time, and then drop before the AM Time is a bearish trap
Tip 2: Decline in AS Time, continue in EU Time, and then Rally before the AM Time is a bullish trap
Tip 3: Soar in AS Time, but break out the rise starting point in EU Time, and then go down in the AM Time.
Tip 4: Slump in AS Time, but break out the decline starting point in EU Time, and then go up in the AM Time.
Tip 5: Soar in AS Time, but drop cannot break out the rise starting point in EU Time, and then shock in the AM Time.
Tip 6: Slump in AS Time, but rally cannot break out the decline starting point in EU Time, and then shock in the AM Time.
Tip 7: If the price keeps rising in dawn,then buy at the starting point of last rise in AS Time.
Tip 8: If the price keeps declining in dawn,then sell at the starting point of last drop in AS Time.
Tip 9: Slow rise will accelerate,then don’t copy the top and wait for rocketing.
Tip 10: Slow decline will accelerate,then don’t copy the bottom and wait for slump.
Tips all come in pairs because reverse application is in bullish and bearish market. Tip 1 and tip 2 are the relay form. Tip 3 and tip 4 are the reversal form. Tip 4 and tip 5 are the sideways form. tip 7-10 are the acceleration form.
I will detail all the tips to you and they may help your trade, but I cannot promise that these tips must help you to take profit because technology is a small part in trading.
Always bear this in mind: Market being a perilous place, be discreet when you invest.
Neot Buy op 19-04 Ma 50 is uptrend, Stoch is oversold, rsi (Momentum) increasing, price near 61.8% fib
5y tips for the gold bugsKey level indication to hold next days.
If it holds gold goes back up if it doesn't trend has changed
Bitcoin and crypto trading tips #1 - Trendlines and logarithmicHi
Below you can see the trendline in logarithmic view. Notice how the trend is now completely straight and lines up with the straight yellow trendline.
It's worth keeping in mind that not all trends will stick to the trendline in logarithmic view. You do still have trends that are moving so fast that they never return to a previous trendline until they begin a downtrend. However using the logarithmic for trendlines view can often give a better idea of where the price is likely to return to. The price will often never return to a trendline drawn using the non-logarithmic scale if the trend is a very healthy crypto trend.
If anyone has any further thoughts or disagreements about this I'd interested in hearing them.
Cheers,
Mark
XAUUSD: Potential for uptrend continuation, target pendingThere is one weekly target that hasn't been hit yet, and I suspect we might hit it very soon, so I'm willing to risk taking a long position here, with 23 point downside risk.
Let's see if we can attain the weekly 'Time at mode' target before our stop loss gets hit. You can risk between 0.5 and 1% on this trade, and then look to add as it moves in profit, further confirming the thesis.
If we get stopped, we might get a new chance to long next week. I'll update the chart as we move forward.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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