Okay, guys,
Last 4 posted Transition Test charts:
DXY, perfect.
UJ, although rules were invalidated by the way how it tagged sub transitions, it went spot on tag the target. That means I have to tweak the formula but the result is okay.
GOLD, Perfect.
GBP/USD - False as it went up so sub transition calculations to see the extensions are wrong at a certain point.
What now? Now we want to see an up move. 1410 becomes a reversal transition and its target should be higher than the previous High 1452.
If that is true we are heading up, but be careful:
Other than that my time here is over for now. Was good to be back for some time.
Tips that I can give you for the long term:
Definitely have your eyes on GBPUSD as it will get strong, the First target to start with will be 1.3363, so find the entry as it is approaching the reversal point.
EUR/USD will hit the previous lows 1.04xx
Prosperous trading to everyone.
Last 4 posted Transition Test charts:
DXY, perfect.
UJ, although rules were invalidated by the way how it tagged sub transitions, it went spot on tag the target. That means I have to tweak the formula but the result is okay.
GOLD, Perfect.
GBP/USD - False as it went up so sub transition calculations to see the extensions are wrong at a certain point.
What now? Now we want to see an up move. 1410 becomes a reversal transition and its target should be higher than the previous High 1452.
If that is true we are heading up, but be careful:
Other than that my time here is over for now. Was good to be back for some time.
Tips that I can give you for the long term:
Definitely have your eyes on GBPUSD as it will get strong, the First target to start with will be 1.3363, so find the entry as it is approaching the reversal point.
EUR/USD will hit the previous lows 1.04xx
Prosperous trading to everyone.
Comment:
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Comment:
Almost forgat, those who enjoyed the template for Gold, here is the reference level for August = 1440.9, remember from this level count 5.9$ - 5.9, etc, downwards and upwards, then insert the fibs.
Here is another valuable level - 1417.3, what you need to do with this level is count + 17.7$ = 1435 / - 17.7$ = 1399.6 Place these two levels.
And then starting from these levels count 29,1$
So 1435 + 29,1$ = 1464,1$ + 29,1 = 1493,2 and so on!
Same for the downward move so 1399.6 - 29,1 and so on!
All these levels that you just place are impulse death levels. The chances that one of this level can provide a reversal and the death of the move are high. So you can get a good entry. You should add extensions as well which are 4.2$, so 29,1 + 4,2.that is super solid entry if gold is reversed from the extension not to speak about main levels of course.
That's about it.
Here is another valuable level - 1417.3, what you need to do with this level is count + 17.7$ = 1435 / - 17.7$ = 1399.6 Place these two levels.
And then starting from these levels count 29,1$
So 1435 + 29,1$ = 1464,1$ + 29,1 = 1493,2 and so on!
Same for the downward move so 1399.6 - 29,1 and so on!
All these levels that you just place are impulse death levels. The chances that one of this level can provide a reversal and the death of the move are high. So you can get a good entry. You should add extensions as well which are 4.2$, so 29,1 + 4,2.that is super solid entry if gold is reversed from the extension not to speak about main levels of course.
That's about it.
Comment:
Also, the level 1417.3 if broken one way or other ( downward - upward ) the chances are big that instrument ( gold in this case ) will hit the 17.7$ level that you draw from 1417.3 as I told you above. So in this case, if Gold goes up and you see it breaking 1417,3 chances that it reaches 1435 ( 1417,3 + 17.7$ ) are high, same if it goes down from Highs.
Comment:
prnt.sc/omp9xh
This is the impulse/move death levels I talked about as It may sound confusing. This is how it should look like. Pretty simple!
If you see gold dropping and reversing especially at the extension, this is a very good buy signal and vice versa. As well keep in mind that these extensions and levels have to be broken sharply. If you see gold dropping and slowly passing for example 1399.6 slowly passing the extension 1395.4 and not going anywhere, keep in mind it will be a buy, wait for gold to come back above the extension and buy with SL below the extension, same vice versa. Test this during August, and see the magic with all these things. Remember September different levels and these not usable.
This is the impulse/move death levels I talked about as It may sound confusing. This is how it should look like. Pretty simple!
If you see gold dropping and reversing especially at the extension, this is a very good buy signal and vice versa. As well keep in mind that these extensions and levels have to be broken sharply. If you see gold dropping and slowly passing for example 1399.6 slowly passing the extension 1395.4 and not going anywhere, keep in mind it will be a buy, wait for gold to come back above the extension and buy with SL below the extension, same vice versa. Test this during August, and see the magic with all these things. Remember September different levels and these not usable.
Comment:
New Month started, completely new levels given.
Please watch 1395 - 1399 area for buy! That should give you great entry. Watch the Gold bouncing off that level + extension
Please watch 1395 - 1399 area for buy! That should give you great entry. Watch the Gold bouncing off that level + extension
Comment:
Comment: Also, the level 1417.3 if broken one way or other ( downward - upward ) the chances are big that instrument ( gold in this case ) will hit the 17.7$ level that you draw from 1417.3 as I told you above. So in this case, if Gold goes up and you see it breaking 1417,3 chances that it reaches 1435 ( 1417,3 + 17.7$ ) are high, same if it goes down from Highs.
ok.
ok.
And as well EUR USD that I mention push-ups are available, but the EU will find it''s path to 1.04 together with falling Gold. I have spoken the directions, your job is to find the entry.
Good Luck.