XAUUSD:The price have meet the bigger pressure on day chartHi traders!I hold a point:Good charts does not more words to explain! Good luck!
Xauusdwave
GOLD / something more than Just a Price.Last question before you decide to leave - please tell me what you study to trade so good on intraday basis, where can I learn the same.?
Got this type of a question today a lot after saying that I dedicate my time to other things now so cannot be in TV anymore.
So decided to make a last chart and give you a hint.
First of all I am not a trader, because I have very poor knowledge about technical trading nor I have it about fundamental trading . So I don't consider myself to be a trader. Because I have no idea about how trend lines should be used, what is patterns, ABCD legs etc.
I am mathematician and spent a lot of time to learn mathematics, and when I started to understand and learn mathematics on quant level I saw a lot of interesting things about fibonacci. I started to look at it in different way.
All my trading calls and targets are set only using fibonacci absolute retracements . Then I invented a so called transitions, and Fibbs together with them drops a dynamite.
The thing is that Drawing fibonacci from H to L or Vice Versa is not that good. It is working of course. But you can get a lot better retracements and targets by using it in absolute way not drawing from H to L or VV .
You can get the point what I mean " Absolute way " only if you study quant maths, then you will see it.
Things that you should learn:
What is:
Perpendicular Bisector
Algebraic Sum formula
Linear Factorization
You can apply these 3 on Fibonacci tool and when you start to divide fibonacci numbers ( Yes you heard it right ) this is how you use fibbo in absolute way. But these 3 things above can help you more.
To find Transitions on chart
study about:
Binomial distribution
You know me saying BL12 BL4 - these are transition types. Each have their own nuances.
BL = Binomial Line.
Once you have that all, you will see the chart in different light!
I am sure about that.
I tried to apply this knowledge on long term trading calls, failed hard, maybe some day I get the right formula for that and the right pivotal sentiments. But on the other hand, why should I.
And a quick insight of what to expect on gold.
1230 is a must.
1223 is a probability.
If gold opens and first move after opening is down to 1230 right away, this could be a bull and not good for sells.
If gold opens and first move is up to 1235 without reaching 1230, I would be glad to seel for targets 1230 > 1223.
Either way looking for 1223 to be tagged.
So, good luck and all the best.
XAUUSD Weekly View: Remain bearish testing major resistanceSell below 1250.00. Stop loss at 1310.00. Take profit at 1125.00.
Reason for the trading strategy:
We remain bearish below 1250 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to 1125 support (swing low support, Fibonacci extension, Fibonacci retracement).
RSI (34) has made a bullish exit and warns off a potential further rise.
Stochastic (21,5,3) is seeing major resistance at 94% where we expect a reaction from.
GOLD / Brute Force1242 is XO90 level.
Once reached cycle UP closes in current cycle and cycle DOWN opens with new transitions.
If gold reach 1245.00 that is break in new cycle and it go higher.
If you remember when I post idea about sell from 1220 I mention we could have Key pullback.
And we pullback 40$ down.
Now gold come to same situation, and can have a key pullback again.
2 possible Targets on chart.
31.01 BL12 transition wave L was incorrect (1193 ) so Gold may want to fill it and make correct Low.
Good Luck.
GOLD / HedgeReceived a lot of messages from followers that liked the tactics and fast recovery from bad situation
with proper analysis and plan making on time.
This Idea:
But remember that there are millions of situations. This time it was easier because of current market conditions. Next time it may not be that easy because there can be more difficult market conditions and you need different tactics.
I want to make more complex situation and try to solve it afterwards again.
Hopefully that can bring some value in your trading experience.
1st rule - always keep trading even if in bad situation. Most people stop because of fear and emotions.
We will now create complex situation on account.
GOLD/ Testing Software / BL4 transitions.Although I am in sell position:
There is a long signal generated based on BL4 transitions that gould should reach 1236.2 ( is target )
And breakout higher than that to generate new transition signal.
If gold reach 1236.2 and don't break it by 1$ then that would look bearish to me.
If gold reach 1236.2 and breakout higher then gold should keep moving up.
We can see a bear flag very well can be seen on 1h TF if we refer to structure.
I am not taking this long . Just doing analysis and posting it for my personal journal / research.
Signal is not that strong but BL4's are great sub transitions and sometimes beat the BIG ones BL12's.
Entry for this long would be 1232.6
Good Luck.
XAUUSD we are approaching a key resistance level at the 1232.75 zone. A bearish divergence started at the end of Jan and is still happening. I believe after price reaches the 1232 area we will see a correction happen and a downtrend to the 1196 zone before continuing bullish again.
USDJPY short termprice keeps failing to break below the 112.28 zone which is a key support area. Another fail to break could allow long positions to be taken up to the 200ema(blue) once the 50ema(red) is broken or possibly even higher. There is a bullish divergence on both Momentum & MACD
Simple TIP.How much should I risk on this trade?
The question I get a lot in trading group.
When I hear it I ask a question back to that person.
How much you can afford to lose?
When I enter a trade I always think about how much I will be losing, and can I afford to lose that amount. We are small planctons here and nobody cares about us, so losing one can arrive very fast.
So I am always asking myself very simple question. How much I can afford to lose on this trade if my desired stop is hit!
I want to go in this trade with 100 lots I calculate the amount at SL level, and if I see that it is too big and I cannot afford to lose that much, I need to reduce the lot size till the point where I can say hey, if my SL is hit I can afford to lose that much, won't be a big deal!
Is how I determine the size I should be taking the position with.
Especially when working on profit goals.
Simple but yet helpful tip.
Always ask yourself that question and it will be easier for you to enter!
Good Luck.
Profit Goal Idea:
GOLDDynamics show Gold not ready for our 1430 PV target yet.
Good Luck.
P.S - Based on same calculation type.
GOLD / Bull the BearHey guys.
End of another month.
I hope that after reviewing your trading performance this month you can say you made it well .
New Month with new trades ahead.
I want to take time and play quick little game with you having a little rest.
Place your BET in comment section below - Will gold close Higher or Lower today than open price.
Lower - BEAR
Higher - BULL
Please do not use analysis on this call, but let it flow out from your heart / mind based on your feelings. Just Pure Feeling Inside.
And at the end of this day we get to know how many " Baba Vanga " we have here on Board!
All the best in new month ahead!
GOLDI would like to see buying on opening.
If so then great sell afterwards.
This is High Risk trade because Banks are watching TV posts and executing orders against us, so trade on your own risk. We can have this in profit only if Banks don't see it so please don't like this idea so it will not appear on main page!
Thank you.
GOLD / BL = 2x – 3, 3x5 +8x4When I make Gold 1220 short idea I say
postimg.org
And we have 40$ pullback.
Now BL4 float Higher than BL12 indicating vice versa = pulback up.
So if gold don't break 1181 we aim 1250.
If gold break 1181 we aim 1150.
Updating this idea with my decision Monday.
BL is advanced transitions that stand for Binomial Line.
The sum or difference of terms which have variables raised to positive integer powers and which have coefficients that may be real or complex.
We have total 12 BL type transitions.
Good Luck.
XAUUSDUSD Advance GBP Q/Q is negative so ill be looking to enter gold short with a 148pip TP and 44 pip SL depending on my entry.
XAUUSD short termIf USD Advance GBP Q/Q is positive ill be looking to enter gold long with a 150pip TP and 40 pip SL depending on my entry. Also Momentum and MACD both made a higher low where as market price made a lower low.
XAUUSD short term3 options for this.
a short position can be taken on a break and close below the 1200 zone which would open up the bottom and create a nice short position for 100-150 pips if not more.
a long can be taken after a break and close above the 1205.5 zone. This would open up the window to retest yesterday high. As well DXY looks to be pulling back up on the daily to create the right shoulder for a H&S.
if price retests and fails to break the 1200 zone you can look to take a long position from there and ride it up as well.
