faylee
Long

Time and Price calculation -- Not for Trade, not very accurate!

OANDA:XAUUSD   Gold
981 14 42
This chart only for analysis, not for trade.
Comment: remember this chart? under another post of mine. It's about the calculation of the retracement from $1274. At the time 0.618 is only a given fibo retracement target.
And according to 0.618 retracement level, it'll take 57bars, the price target is $1256.
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Comment: sorry, this is the previous chart i was talking about
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Comment: However, the retracement seems done at 0.5 level.
It took 48bars to reach the target 1260.
Then, I use it to calculate the Time and Price for next leg. See the chart below:
1.618 is a given fibo target level.
snapshot

The chart is only for analysis, not for trade!
Comment: This is the updated prediction
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Comment:
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Comment: $1307 is crucial and to bears, well worth a bet here, but NFP & the Election is coming, so it's still gambling. If after NFP can't get through $1307, there's no "E" on my last chart. only ABC structure completed, and may retrace "(D)".
holy crap faylee, your oct 25 chart is uncanny, amazing! Does the time&price extrapolation have a name? or are you developing it youreself.
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faylee dturtle712
haha,it's nothing new, price and time related, They're similar, price has its wave, so does the time frame.
Reply
faylee dturtle712
And that's why waves are moving in cycle.
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Well said re $1,307 level
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faylee VirtualFax
yes:)
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But what's in your view is important about 307? I know at least 3 different opinions about it.
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faylee VirtualFax
this is only analysis chart, as for trading,follow up the trending closly, watch the signal and price action.
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You're doing a great job! thanks for sharing your ideas with us.
Reply
faylee Soren_S
thank you:)
Reply
thank u
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