faylee
Long

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

OANDA:XAUUSD   Gold
979 14 40
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)".
no idea waht that means 175x2.618=283?
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the chart is very good
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faylee gfeng
thank you:)
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thank u
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faylee KanokpojThongjub
welcome
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You're doing a great job! thanks for sharing your ideas with us.
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faylee Soren_S
thank you:)
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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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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.
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faylee dturtle712
And that's why waves are moving in cycle.
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