REBOOT PART 4: GOLD CRASH ALL THE WAY UP, FOR REAL!
Please like/follow for my sake.
This is continuation of my REBOOT series. Since the REBOOT 1, I'm batting 7 for 7 in my trade ideas, including silver, ES, GDX and GDXJ. Scan thru them and hit replay on each one (the play button is on the right of the chart, a lot of people don't realize that for whatever reasons). It will surprise you how accurate it is turn for turn. I can promise it's worth your time.
I've been writing about gold for a few months. I took a break in between to revamp my trade system because I couldn't make XAUUSD and GC1! agree with each other. Then I realized that they don't have to agree, I just had to find out which one was the driver at that time. And right now, futures are driving up again. I continuously update later with critical evidence/information relating to this trade idea so check back often for the supporting evidence.
Thanks for checking this out, hope it makes you money.
This is continuation of my REBOOT series. Since the REBOOT 1, I'm batting 7 for 7 in my trade ideas, including silver, ES, GDX and GDXJ. Scan thru them and hit replay on each one (the play button is on the right of the chart, a lot of people don't realize that for whatever reasons). It will surprise you how accurate it is turn for turn. I can promise it's worth your time.
I've been writing about gold for a few months. I took a break in between to revamp my trade system because I couldn't make XAUUSD and GC1! agree with each other. Then I realized that they don't have to agree, I just had to find out which one was the driver at that time. And right now, futures are driving up again. I continuously update later with critical evidence/information relating to this trade idea so check back often for the supporting evidence.
Thanks for checking this out, hope it makes you money.
Comment:
Now back to the order again:
black < BLUE < RED < GRAY < PURPLE < ORANGE
I didn't capitalize black because the Period for the black line is so short that I don't bother create more than one line to predict its movement. I do for the rest of the colors. I usually have a few for blue, but a lot more fore the other colors because their period is so long that you can mistake a wrinkle for a bottom about to happen.
But look at each blue bounce, not big. Red bounces are bigger. Gray bounces are even bigger. Which means the purple bounces are going have to bigger than that.
So what about when the reds are smaller than they should be? Since RED < GRAY, red bounces are smaller when gray is falling or flat, because gray is the longer trend. At the same time on the left of the chart above, purple is still falling, so the red bounces when purple and gray is falling SHOULD be smaller.
black < BLUE < RED < GRAY < PURPLE < ORANGE
I didn't capitalize black because the Period for the black line is so short that I don't bother create more than one line to predict its movement. I do for the rest of the colors. I usually have a few for blue, but a lot more fore the other colors because their period is so long that you can mistake a wrinkle for a bottom about to happen.
But look at each blue bounce, not big. Red bounces are bigger. Gray bounces are even bigger. Which means the purple bounces are going have to bigger than that.
So what about when the reds are smaller than they should be? Since RED < GRAY, red bounces are smaller when gray is falling or flat, because gray is the longer trend. At the same time on the left of the chart above, purple is still falling, so the red bounces when purple and gray is falling SHOULD be smaller.
Comment:
SO HERE IS THE NEXT ZOOM OUT:
FIrst, the chart above where I said "THAT MEANS A COMPLETION OF A PURPLE BOTTOM? Well we already have a purple ONE and we about to do a purple TWO. So Imagine how big that is going to be. But what is crazy here is: THAT MEANS WE ARE ABOUT TO COMPLETE AN ORANGE BOTTOM... BUT ORANGE IS NOT FALLING
AGAIN, WE ARE ABOUT TO COMPLETE AN ORANGE BOTTOM WHILE ORANGE IS ALREADY MOVING UP.
So that's why I am predicting a straight up move to 1845. There are many, many, many more reasons but this is one of the foundation of my work: THE TRUE MEANING OF DOUBLE BOTTOM.
There some other scenarios:
See where I put red 1 and red 2F, that's because red 2 failed, hence 2F. But why does it fail here? Look at purple about to curve down. Since the order is:
black<BLUE<RED<GRAY<PURPLE<ORANGE
.. if purple is about to curve down, HOW CAN RED MOVE UP IF IT'S, 2 DEGREES SMALLER?
BUT HOW DO I KNOW PURPLE IS ABOUT TO FALL??? Well, I don't know and can't know for sure, BUT IF I MAP ALL THE REGRESSIONS LEADING UP TO IT LIKE THIS NEXT CHART:
FIrst, the chart above where I said "THAT MEANS A COMPLETION OF A PURPLE BOTTOM? Well we already have a purple ONE and we about to do a purple TWO. So Imagine how big that is going to be. But what is crazy here is: THAT MEANS WE ARE ABOUT TO COMPLETE AN ORANGE BOTTOM... BUT ORANGE IS NOT FALLING
AGAIN, WE ARE ABOUT TO COMPLETE AN ORANGE BOTTOM WHILE ORANGE IS ALREADY MOVING UP.
So that's why I am predicting a straight up move to 1845. There are many, many, many more reasons but this is one of the foundation of my work: THE TRUE MEANING OF DOUBLE BOTTOM.
There some other scenarios:
See where I put red 1 and red 2F, that's because red 2 failed, hence 2F. But why does it fail here? Look at purple about to curve down. Since the order is:
black<BLUE<RED<GRAY<PURPLE<ORANGE
.. if purple is about to curve down, HOW CAN RED MOVE UP IF IT'S, 2 DEGREES SMALLER?
BUT HOW DO I KNOW PURPLE IS ABOUT TO FALL??? Well, I don't know and can't know for sure, BUT IF I MAP ALL THE REGRESSIONS LEADING UP TO IT LIKE THIS NEXT CHART:
Comment:
This is with all of the standard regressions turned on with out the multiple bollinger bands on. See how I CAN'T KNOW PURPLE IS ABOUT TO GO DOWN AT RED 2F, but it's a really decent guess if I can see all 8 lines leading from gray to purple. USUALLY (bc I post several different types of charts), the layers go like this:
black 1, BLUE 5-6, RED 9, GRAY 9, PURPLE 9, ORANGE 9
with the bold lines being the MAJORS and the rest minors. In this chart you can see only 3 orange minors go down, so we're a LONG way from orange going down. this explains 1 of the multiple angles I view. Why? Because whether or not a regression is curving depends on which one you choose. Therefore if you choose 1 time frame, you can see 1 "angle" of price. A decent production involves 6, a strong one 9-18. That's why in REBOOT 3.21, you'll see post 8 charts in the updates labeled 1 of 8, 2 of 8, 3 of 8, 4 of 8... and so on.
I have found that this method works better than all other methods I have ever seen in terms of mapping price turn for turn. I call this PIRL (when periods of the layers/colors are arbitrary, and POIR when the periods of the layers/colors are based on calendar time).
PIRL is Pham Infinite Regression Layering
POIR is Pham Organic Infinite Regression
They are the same idea applied differently.
But this is 1 of the foundations, there's the PIVO OR POIV which is my volume derivative. It's that mess of an indicator usually running at the bottom.
PIVO and POIV work like MACD, but is volume weighted like Chaikin Oscillator. But where MACD/Chaikin use 1-3 lines, here I make a line FOR EACH INDIVIDUAL LINE IN PIRL/POIR. So that's why there's 0-line, and their crossing hold the same meaning as it does in other volume indicators. This thing is so much more valuable than I can explain.
PIVO is PHAM INFINITE VOLUME OSCILLATOR
POIV Is PHAM ORGANIC INFINITE VOLUME
They are the same thing but applied differently, in the same manner of PACB and PANB. I've already posted the scripts for PACB and PANB. They are multiple bollingers that accompany regression lines, with their periods matching the MAJORS in each regression color.
The organic series are pretty awesome but so complicated bc they are determined by how bars tradingview use per day for whatever instrument you are watching, AND IT VARIES. For example, on a 4 hr bar chart for a week you will get 10 4-hr bars. That's bc each day is 6.5 trading hours, therefore needs 2 4 hour bars. But Tradingview, and EVERYONE ELSE TOO, uses 2 4-hr bars per day. But that would mean a week is 4x10=40 hours, not 6.5*X5= 32.5 hours. THIS IS REALLY IMPORTANT WHEN YOU CACULATE REGRESSION LEVELS FOR ZOOMING.
This is with all of the standard regressions turned on with out the multiple bollinger bands on. See how I CAN'T KNOW PURPLE IS ABOUT TO GO DOWN AT RED 2F, but it's a really decent guess if I can see all 8 lines leading from gray to purple. USUALLY (bc I post several different types of charts), the layers go like this:
black 1, BLUE 5-6, RED 9, GRAY 9, PURPLE 9, ORANGE 9
with the bold lines being the MAJORS and the rest minors. In this chart you can see only 3 orange minors go down, so we're a LONG way from orange going down. this explains 1 of the multiple angles I view. Why? Because whether or not a regression is curving depends on which one you choose. Therefore if you choose 1 time frame, you can see 1 "angle" of price. A decent production involves 6, a strong one 9-18. That's why in REBOOT 3.21, you'll see post 8 charts in the updates labeled 1 of 8, 2 of 8, 3 of 8, 4 of 8... and so on.
I have found that this method works better than all other methods I have ever seen in terms of mapping price turn for turn. I call this PIRL (when periods of the layers/colors are arbitrary, and POIR when the periods of the layers/colors are based on calendar time).
PIRL is Pham Infinite Regression Layering
POIR is Pham Organic Infinite Regression
They are the same idea applied differently.
But this is 1 of the foundations, there's the PIVO OR POIV which is my volume derivative. It's that mess of an indicator usually running at the bottom.
PIVO and POIV work like MACD, but is volume weighted like Chaikin Oscillator. But where MACD/Chaikin use 1-3 lines, here I make a line FOR EACH INDIVIDUAL LINE IN PIRL/POIR. So that's why there's 0-line, and their crossing hold the same meaning as it does in other volume indicators. This thing is so much more valuable than I can explain.
PIVO is PHAM INFINITE VOLUME OSCILLATOR
POIV Is PHAM ORGANIC INFINITE VOLUME
They are the same thing but applied differently, in the same manner of PACB and PANB. I've already posted the scripts for PACB and PANB. They are multiple bollingers that accompany regression lines, with their periods matching the MAJORS in each regression color.
The organic series are pretty awesome but so complicated bc they are determined by how bars tradingview use per day for whatever instrument you are watching, AND IT VARIES. For example, on a 4 hr bar chart for a week you will get 10 4-hr bars. That's bc each day is 6.5 trading hours, therefore needs 2 4 hour bars. But Tradingview, and EVERYONE ELSE TOO, uses 2 4-hr bars per day. But that would mean a week is 4x10=40 hours, not 6.5*X5= 32.5 hours. THIS IS REALLY IMPORTANT WHEN YOU CACULATE REGRESSION LEVELS FOR ZOOMING.
Comment:
IN SUMMARY FOR THURSDAY NIGH:
WE NEED A SECOND BLUE BOTTOM. WHICH WILL CAUSE GOLD PRICES TO SKY ROCKET. IT'S JUST WAITING FOR NFP.
WE NEED A SECOND BLUE BOTTOM. WHICH WILL CAUSE GOLD PRICES TO SKY ROCKET. IT'S JUST WAITING FOR NFP.
Comment:
I missed at comment on that red 0 on the previous chart, where it goes it precedes the red 1-2. This is situation where you can tell at red 1 that red 0 and red 1 was not enough to pull up gray 1. Why? You can tell bc there's 8 minor gray lines and they are not all ready to go yet.
Comment:
BTW...
It doesn't work the same with SMA and EMA. I've tried it that way too. BUT AT CRICTICAL JUNCTURES, IT'S BETTER IF YOU HAVE ALL 3.
It doesn't work the same with SMA and EMA. I've tried it that way too. BUT AT CRICTICAL JUNCTURES, IT'S BETTER IF YOU HAVE ALL 3.
Comment:
10:42 PM.
HERE IS THE SAME CHART ABOVE, BUT ZOOM IN ON 7 MINUTE BARS. WHICH MEANS THE COLORS MOVE UP BASED ON HOW MANY ZOOMS. THIS HAS BEEN ZOOMED TWICE. SO NOW BLUE ABOVE, IS GRAY DOWN HERE. AND RED ABOVE IS PURPLE DOWN HERE.
HERE IS THE SAME CHART ABOVE, BUT ZOOM IN ON 7 MINUTE BARS. WHICH MEANS THE COLORS MOVE UP BASED ON HOW MANY ZOOMS. THIS HAS BEEN ZOOMED TWICE. SO NOW BLUE ABOVE, IS GRAY DOWN HERE. AND RED ABOVE IS PURPLE DOWN HERE.
Comment:
Comment:
UPDATE 11:53
FORGOT TO POST THIS, BUT WE HAD CONFIRMATION FORM POVI FOR 135 MIN BARS AT 6AM THURSDAY.
FORGOT TO POST THIS, BUT WE HAD CONFIRMATION FORM POVI FOR 135 MIN BARS AT 6AM THURSDAY.
Comment:
SAME FOR GC
Comment:
UPDATE: 11:56 PM
The last 2 POVI 4 time frame charts are explored/explained int REBOOT 3.21 IMMEDIATE FRACTAL.
The last 2 POVI 4 time frame charts are explored/explained int REBOOT 3.21 IMMEDIATE FRACTAL.
Comment:
7:46 AM NFP 2.5 MILLION. AND SO?
LETS WAIT TIL OPEN. THERE HASNT BEEN ENOUGH VOLUME TO CHANGE TREND IN PIVO DESPITE THE SMACK DOWN.
LETS WAIT TIL OPEN. THERE HASNT BEEN ENOUGH VOLUME TO CHANGE TREND IN PIVO DESPITE THE SMACK DOWN.
Comment:
8:30 FRIDAY MORNING
Comment:
THERE'S MAJOR SUPORT 1675-1695 THAT'S REALLY HARD TO BREAK.
Comment:
LAST UPDATE FOR THIS IDEA:
1. THE INTERMEDIATE TREND THROUGH JUNE 18 IS UP, EXPLOSIVE UP.
2. THAT HAS NOT CHANGED.
3. IF XAUUSD CLOSE UNDER 1675, THATS A GIANT PROBLEM.
4. SO LONG TO 6/18 STOP LOSS 1675.
*Personally, I think I misunderstood what Tradingview is for. It doesnt seem like they support serious people who want to showcase their work. Why would I put so much work into something and show it to 2 people a day? I WOULDN'T.
They track your chat and police what you say when they dont even know what you are talking about. Thats not something Im ok with, that's called "thought police". I left communism in 1993, for good.
And to tradingview, you guys have the best platform for a trading community I've ever seen. But you are suppposed to support serious peole who create great content and value for your platform hence your business.
If you want good content, you have to support good people. But it doesnt seem like you know what that is. I dont know why you banned my son, my wife and try to chase me out. But I have more self respect than that.
Have a good day everyone.
1. THE INTERMEDIATE TREND THROUGH JUNE 18 IS UP, EXPLOSIVE UP.
2. THAT HAS NOT CHANGED.
3. IF XAUUSD CLOSE UNDER 1675, THATS A GIANT PROBLEM.
4. SO LONG TO 6/18 STOP LOSS 1675.
*Personally, I think I misunderstood what Tradingview is for. It doesnt seem like they support serious people who want to showcase their work. Why would I put so much work into something and show it to 2 people a day? I WOULDN'T.
They track your chat and police what you say when they dont even know what you are talking about. Thats not something Im ok with, that's called "thought police". I left communism in 1993, for good.
And to tradingview, you guys have the best platform for a trading community I've ever seen. But you are suppposed to support serious peole who create great content and value for your platform hence your business.
If you want good content, you have to support good people. But it doesnt seem like you know what that is. I dont know why you banned my son, my wife and try to chase me out. But I have more self respect than that.
Have a good day everyone.
Comment:
THIS IDEA CLOSES TUESDAY 6/09 END OF DAY.
Comment:
FINAL UPDATE: IF YOU WENT LONG LAST WEEK WITH ME. CLOSE NOW.
Comment:
GO HERE FOR THE THE CORRECTED CURVE TO THIS CHART (CLOSES 6/16)
GO HERE FOR FINAL LONG TERM REGRESSIONS
GO HERE FOR FINAL LONG TERM REGRESSIONS
Comment:
END OF UPDATES.
FOR THE NEXT FEW POSTS I WILL TRY EXPLAIN 1 OF THE FOUNDATIONS OF MY WORK. IT MIGHT SEEM COMPLICATED, BUT BEAR WITH ME IT'S REALLY EASY. THIS IS THE CLASSIC DOUBLE BOTTOM.
First, the regression order for this (and all my charts lately) are.
black < BLUE < RED < GRAY < PURPLE < ORANGE
So check out this chart right above, it is 1-hr bars right now for XAUUSD. On the left see where red is falling and there is a blue 1-2? At the 2nd blue is where red gets pulled up. This has to do with the ratio of regression lines. So the first blue 1-2 makes the red 1 bottom. So in the right side, the same thing has to happen for the red 2 to go up, another blue 1-2. We already blue 1, we need blue 2. But if we get blue 2, we will have a second blue 1-2 to complete the red 2 bottom. That also means we will have a complete red 1-2 because we already have the red 1 bottom on the left. But also notice there is a gray 2 label. Then look at the zoom out in the next chart:
So in the zoom out, you can see where there is already complete gray 1 bottom. Again, it has a complete red 1-2. Red 2 bottom has a complete blue 1-2. But the Red 1 bottom has an incomplete blue 1-2, it's more like 1-1.5 because it's more than 1 but less than 2. But that's ok, you get the idea. So now we are about to COMPLETE A GRAY 1-2. THAT MEANS A COMPLETION OF A PURPLE BOTTOM.