MetalCruisers

GOLd /500oz swing / Small Sell?

FX_IDC:XAUUSD   GOLD / US DOLLAR
6 months ago
Hello Guys and Girls.
This is the week I been waiting for, just because it will be one of the most profitable weeks in long time.
Wednesday We will be turning on High Frequency Robot before FOMC and I will be opening positions right before the EVENT.

Let's take a look at Monday.
In last Ideas I said wave 6 has turned in our Favour.

Wave 6 TP1 is 1305             , meanwhile wave 5 50% level is 1303. Now they two come together to suggest possible turning point. And just in case there is Second one. But anyway wave 6 now is very strong in Bull favour!
http://prnt.sc/cjivyf


Although for Monday I am suggesting to go on Sell from 1311.
It is market heading point, it is MID point from Swing area.
But be ready for Gold             to turn around at any time, and if you are Biased for Sell long time, you should re-think your investing.

There is one point that is CRITICAL and if Gold             breaks it I will think before I enter Buy then.
http://prnt.sc/cjizch

But while New static cycle is not entered these are the targets Gold             should see till the end of this year!
They become invalid if 1290 broken.
http://prnt.sc/cjizxm

I will be looking for sell from 1311.
But be cautious, when Gold             Pops, you won't be able to react on that as it will be fast. ( Based on market behaviour and static cycles given to me )

Trade with Care.
And be ready for Wednesday, I will be going live on Periscope and Calling the Dirrection minutes before FOMC even happens, although This time it is more than sure it will be long against USD, but who knows what cann             happen, that;s why to be sure we use HFTM.

TPP
6 months ago
Comment: Don't Forget to leave bad comment, call names, be smart, unfollow, and Dislike this Idea. I am talking with Holly Grails here. We have a lot of them...
6 months ago
Comment: Sell at 1311 has been entered.
TP 1303.
6 months ago
Comment: For those who don't have to hedge, and are pain free, I suggest you to not take this sell. But wait for clear long signal.
But still it should go lower.. Decide yourself guys!
6 months ago
Comment: HEDGE sell TP moved to 1305 from 1303..
No more longs waiting down there, I have enough Long positions.. just waiting to get in profit..
Before FOMC Gold can be tricky.. Expect spikes back and forth.. It has to kick out and stop out as many as it can, before the big move either up either down..
6 months ago
Comment:
GOLD / Mistake / Timing is the key!
6 months ago
Comment: Price just hit the 2nd point from MHI and stoped there.
Now we could see Gold reaching Towards daily level, that works just like MHI.
The thing is, Current swirl is at the same place where wave 6 sell Pivot H is.. If this region is not broken upwards, no hope for daily bulls.
Let's see how this develops.. while not above Current Swirl, it is Bearish.
http://prnt.sc/cjmn0i
6 months ago
Comment: LOL. Heading towards daily Reached while typing.
Let's see what happens now.
This point had to be reached as it is every day " Heading towards daily " the name says it... Let's see what happens now.
Test current swirl? Go downn?
6 months ago
Comment: Okay, we may complete AFT section Buy signal.
1315.. Pivot H from Bear teritory..
1316 current swirl ( swing H on daily )..
Down from there?
Still no hope while 1316 not broken..
Still Holding Hedge sell open.
6 months ago
Comment: http://prnt.sc/cjmoz4
6 months ago
Comment: About to tag Buy TP, and current swirl level.
If your trading setup is suggesting Sell you can do that after this is tagged.
Either we break out to daily bull zone, either we go down again from now on.
6 months ago
Comment: Buy TP and current swirl hit... Mr, GOLD... now you decide.. there is a bull zone above swirl, or bear zone under it.. Please lead us where you want to go!
Thank you!
6 months ago
Comment: I entered one more hedge sell smaller risk here. I just don't believe it is that easy.. Taking a nap.
Take care guys.. see you later!
6 months ago
Comment: Boring day... No big change in H L C what means the same levels remain for tomorow, while some minor changes.! Let's see.
6 months ago
Comment:
GOLD / 500oz swing / High Frequency /Building Permits Direction
All trading ideas are traded and updated frequently @:
http://www.metalcruisers.com
CagatayCetin
6 months ago
Hey Mosh, I'll be looking forward for your update on Wednesday. Though I have a question for you. I've seen a certain action over and over again in the past. Right before the news/data/announcement we see a sudden change in price. Let's say price is going sideways around 1325, 30 seconds or something before the event, price suddenly goes up to 1330-1335, and then pulls back to 1315-1320. After that news come, it generally goes up again for 1335+... So when your HF signal tells you to long, you share it and we long. In just a few seconds we take a 10-dollar profit there and immediately selling at that point seems weirdly logical. Do you have any similar experience and what do you recommend to do during such moments?
Reply
MetalCruisers PRO CagatayCetin
6 months ago
Don't generalize things. It is not always happening. It can spike, you take that 10$ profit and sell it if you wan't, but there are news when if I say let's say LONG, it can go long, long, long, without turning around.
For example on this FOMC event I will not be working with TP level. If it will be long by HF machine, I will consider keeping the position open not for 10$ move but more.
Reply
MetalCruisers PRO CagatayCetin
6 months ago
NFP events are very stable. If it goes long it goes long without turning around, same with short.. 95% of cases.
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CagatayCetin MetalCruisers
6 months ago
Cool man, thanks for clearing that up for me. I don't know your HF machine's algorithm but I assume it uses some combined data from price, volume, relative strength, etc... So I think it is actually reflecting the market's general tendency right before the event. Let's assume you long it but the news come with a great big surprise of a rate hike (changing it from 0,50% to 0,75%). It is not likely to happen but I just wonder what if. You won't be able to react in time while the price is dropping like Niagara and servers can't process your orders immediately, so where would you keep your sell stop?
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MetalCruisers PRO CagatayCetin
6 months ago
Bro.. if Rates are at 0.5%... and there would be a rate hike incomming to 0.75%.. HF never would show me a long signal. If that happens, it will already show Price is going for short.
And no it does not use any of things stated above.. and I cannot disclose on what it is built on, but for sure nothing ordinary or standard you or someone else knows.
Cheers.
Reply
CagatayCetin MetalCruisers
6 months ago
Oh.. Now that is even more intriguing and mythical! :D Just kidding... Since you explained it, I'll respect your signal without worrying about an opposite movement. Cheers bro.
Reply
MetalCruisers PRO CagatayCetin
6 months ago
If people lose money on my call it is their fault not mine. I got so far all calls pocketed, profited!

Last Idea
GOLD / 500oz swing / HF Algorithm before Retail Sales.


I took fantastic profits on my personal accounts from this spike up!
Because how You use it is, you set the TP, but you take the trade with BIG lot size.. you can afford to risk.
TP is used so you can Pocket the money in case it turns around.. because manually it can be difficult.
I had 20 pip TP on that.. It moved 30 I guess, but still.. profit from that 20 pip TP was enormous!
Reply
CagatayCetin MetalCruisers
6 months ago
However 20 pips for FOMC would be madness :) I think (from past experience and today's market structure) Gold will probably make more than a 30-dollar up move till Yellen's speech unless another FOMC member takes stage at the news time and sabotages the momentum with some gibberish about December rate hike possiblity and s***. They did it in the past, so who knows what they are up to this time.
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MetalCruisers PRO CagatayCetin
6 months ago
Yes, possible, but I think it will not change the fact of Investors selling USD.. Of course they WILL talk Shait again about.. ohh.. but we will hike in December for sure... I don't know.. how Investors will react on that BS.. But we can expect all kinds of a surprises! lol
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Motosierra
6 months ago
ak47 reloaded! hahaha...
Reply
MetalCruisers PRO Motosierra
6 months ago
Ye have some fresh bullets man! :D
Reply
Hello, Excellent approach. Really fantastic analytics. Believe you are the best trader in Gold here. Wish you a huge profits and really joy and happy in a life.
Could you look at this setup (https://goo.gl/vY1R10). What do you think about it? I am waiting for it for a long time. Have had dreams to see it this week but seems like Gold is in a Flat now. Seems like not all the dreams comes true. But anyway, will see soon. Good luck to all of your trades and best wishes from my side.
Reply
MetalCruisers PRO FreshOilTrader
6 months ago
I am good at Daily swing trading, not so good at predicting large long term movements, man. I found Daily swing trading more profitable than Long term Position trading, and waiting for some targets to be reached.
Your target's are good, wait for FOMC and let's see. FOMC will ge fresh Midterm direction to USD, maybe after FOMC getting out of LONGs will not be a good IDEa, and we can hold them Longer. Cheers man.
Reply
albertwt
6 months ago
Thanks for sharing this graph.
I'll wait your update before placing the buy this week man.
Reply
MetalCruisers PRO albertwt
6 months ago
Yes, I can't wait to turn HF on and see what it gives before FOMC!! oh my...
+2 Reply
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