XAUUSD - GOLD - 12 hour bars - using Time At Mode

FX:XAUUSD   Gold Spot / U.S. Dollar
1797 9 35
This chart is the result of teamwork here at the "KEY HIDDEN LEVELS CHATROOM" you can find here at TradingView. Traders have asked for how to read the gold             chart and it has turned into a multi-hour conversation about the recent trends and trades using TIME AT MODE and how to derive the right time frame to trade on in any market.

Here you will find the many trade setups for XAUUSD             using the 12-hour time frame.



Short term downside target 1053.50, 1081 stop, 1069.50 entry.

Stop at 1081 and REVERSE and go long with 1069 stop.

Double the position if you see a range expansion rally up.

If after 5 bars we don't get to 1189 - then exit longs and go short with a stop at 1110. Doubling up at 1100 and targeting 1088 on the 2nd short position.

Sorry I rarely give that kind of specific trading advice, but it is warranted from this kind of tight situation. See the many notes on the chart.

10:25PM EST 11/17/2015
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Amazing chart, Target hit.
Thanks for sharing tim!
I think (hope!) there's a typo above 'If after 5 bars we don't get to 1189' - presumably you mean 1089, but I'm unclear what the chart shows should the short to 1053.50 be successful. Is the advice to then wait for 1081 for the long trade or go long from 1053.50? Or does the chart effectively expire if the short is successful?
timwest Finenance
Yes -1089 (Sorry!)
What's the meaning sell CCI (11) at +100 ? thank you
timwest jagusto2
What the pattern is looking for is basically an 11-day LOW after a 44-day high. It's a short term oversold in a longer term uptrend. And vice-versa on downtrends: Look for 44-day lows first, then 11-day high reading to relieve oversold readings to sell short.
timwest timwest
In general if you use a combination of indicators where 1 is 1/4 the time of the other, you can use the shorter/faster oscillator to help you time entries and exits on the longer term oscillator. Plus, add in very short term market momentum going in the direction of the longer term trend. So, you look for 4 steps forward, 1 step back, then a quarter step forward to jump on a trend.
jagusto2 timwest
Thank you
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