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Short

GOLD UPDATE: RESETTING THE ROCKET FOR ANOTHER BLAST LATER

FX:XAUUSD   Gold / U.S. Dollar
1255 3 21
Congrats to all who dared listen to my trade post on Gold             last week. It has since dropped over +300 pips. And should be dropping even more! Stay short.

Six days ago, I posted this chart about Gold             and that I was selling Gold             and told whoever wanted to listen to also sell:
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Well, the above chart shows what has happened since I posted that trade on Gold             . And it isn't done dropping. I fully expect that Gold             will reach all the way down to the bottom TL of that EED             pattern I posted.

The recent price action has now created a POTENTIAL Bat pattern and that bat's completion ends below that EED             that I posted.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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Comment: Retrace within the downtrend. Now completed a perfect Gartley. Stay short.

snapshot
Comment: TRADE CLOSED. TP Hit. Pocketed over +700 pips on a +302 pips move

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Hello,
What book would you advice to learn about Harmonic trading?
Thanks
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I have a list of resources available on my website. just register and go to the resources section. go to: http://www.efxselect.com. Free registration.
+1 Reply
I made this chart 11 days ago, I like where you have your trendlines better, but same idea :) Cheers!
snapshot

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