I have to re-chart this because that was fast and may have turned out to be even better as expected.
I came to charts minutes after opening, willing to execute a trade or put a stop order and all I saw was number 1320.
Too fast and furious to execute anything.
Good thing is I was waiting for Close before I post a chart! I wanted to do it before the close and that would lead followers to be in this trade already which would be painful now!
We actually reached my 3rd target 1320 and 1320 is a keylevel ( monthly ).
I have executed my trade at 1320.12 instead of having 1310, which now can be way better if it gets to 1306.
Gold is the real Boombastik Telefantastik.
Should I have a title on this chart - The Death of Gold?
I hear rumors a lot of people need it right now very badly.
Let's see how this works!
I came to charts minutes after opening, willing to execute a trade or put a stop order and all I saw was number 1320.
Too fast and furious to execute anything.
Good thing is I was waiting for Close before I post a chart! I wanted to do it before the close and that would lead followers to be in this trade already which would be painful now!
We actually reached my 3rd target 1320 and 1320 is a keylevel ( monthly ).
Gold is the real Boombastik Telefantastik.
Should I have a title on this chart - The Death of Gold?
I hear rumors a lot of people need it right now very badly.
Let's see how this works!
Comment:
Aim 1306.
Comment:
I did a Sentiment recalculation with this new H.
I have seen DCP being lower than MUMP 12 times in a period of 4 years.
prnt.sc/ge8dl5
We could have a bearish surprise today ladies and gents.
I have seen DCP being lower than MUMP 12 times in a period of 4 years.
prnt.sc/ge8dl5
We could have a bearish surprise today ladies and gents.
Comment:
if 1317 broken, second sell at 1315.90 executed.
Trade active:
1315.9 executed. Gate to 1311 open
Comment:
3rd position at 1309.90 if 1311 broken. Then gate to 1305 open.
Comment:
After break 1317 downward now test back of 1317 happening. so if fall then do it now.
Comment:
Test backs are healthy for a direction. If break and then test back it leaves no sign upward/ n vice versa in buying situations. Let's See. I'm done broadcasting, Goodnight.
Comment:
Very great in my opinion. With little DD but now in great profit already!
Let's see what today close will give us!
But with the DCP lower than MUMP like I said, be ready for a possible Bearish surprise.
We have to close the month below 1300 right? :)
Let's see what today close will give us!
But with the DCP lower than MUMP like I said, be ready for a possible Bearish surprise.
We have to close the month below 1300 right? :)
Comment:
1306 hit 14$ Gain in pocket!
I have sell from 1320.12 and from 1315.9.
I did not add after break of 1311 because I was not in charts.
Move SL to BE and enjoy risk free trade!
We may have far more to fall. Very nice sell and day in general!
Good Luck Guys!
I will post intraday setup for tomorrow what I see, but next couple days I will not post any new chart for now!
Just Aim for 1299 and let's see are we getting 1270 which I am still not sure of. But since we have a lucky position we may find out with no risk!
Thanks for support.
I have sell from 1320.12 and from 1315.9.
I did not add after break of 1311 because I was not in charts.
Move SL to BE and enjoy risk free trade!
We may have far more to fall. Very nice sell and day in general!
Good Luck Guys!
I will post intraday setup for tomorrow what I see, but next couple days I will not post any new chart for now!
Just Aim for 1299 and let's see are we getting 1270 which I am still not sure of. But since we have a lucky position we may find out with no risk!
Thanks for support.
Comment:
Now 1 hour left to close and I update intraday for Wednesday
Comment:
Sentiments - DCP is still the same no change! So this may be just one little leg of what bear can do. But let's see
Comment:
I don't know actually. It is mixed!
Gold has a potential to reach 1313.
But in front around 1311, we have our pivot which is way stronger.
1313 is a must that is sure.
But here are two options. We break 1311 and open the gate up to 1317, on the other hand, we don't because of 1313.
1311 is stronger level category than 1313 today. BUT if we look at breakout analyses after a break of 1311 which open gate to 1317 in between that 1313 can stop it and it is not obligated to reach 1317.
If I have to answer your question do I add any new sell now? No. Just because I have great sell position from 1320 and because I am not sure will we need to go to 1270 yet. What I do feel based on DCP and MUMP ( picture above in another update ) is that we will end this month lower than 1300.
Okay, long story short - If you are desperate to sell more do it if we reach 1313.
If we stop at 1311 and fall down then 1313 will be left as a sign that Gold will come back up and will start to accumulate. So 1313 will be our target then for later.
But if we break 1313 then we can go back up to 1317. But not right away.
Gold has a potential to reach 1313.
But in front around 1311, we have our pivot which is way stronger.
1313 is a must that is sure.
But here are two options. We break 1311 and open the gate up to 1317, on the other hand, we don't because of 1313.
1311 is stronger level category than 1313 today. BUT if we look at breakout analyses after a break of 1311 which open gate to 1317 in between that 1313 can stop it and it is not obligated to reach 1317.
If I have to answer your question do I add any new sell now? No. Just because I have great sell position from 1320 and because I am not sure will we need to go to 1270 yet. What I do feel based on DCP and MUMP ( picture above in another update ) is that we will end this month lower than 1300.
Okay, long story short - If you are desperate to sell more do it if we reach 1313.
If we stop at 1311 and fall down then 1313 will be left as a sign that Gold will come back up and will start to accumulate. So 1313 will be our target then for later.
But if we break 1313 then we can go back up to 1317. But not right away.
Comment:
With not Right away - I mean today did you see when I update about the break of 1317 and put Sell order at 1315.9 because gate open to 1311 and 1306 in general!
Se what market did it break and fly up to 1325 and only then come back! So how can you even put a stop loss somewhere and hope it will not get hit?
I read breakouts as signs! If level is broken that means gate is opened to new target but IT DOESN'T HAVE TO GO THERE RIGHT AWAY
Se what market did it break and fly up to 1325 and only then come back! So how can you even put a stop loss somewhere and hope it will not get hit?
I read breakouts as signs! If level is broken that means gate is opened to new target but IT DOESN'T HAVE TO GO THERE RIGHT AWAY
Comment:
And if it doesnt go right away you call it what? False breakout. Which doesn;t exist for me. Today we break 1317 open gate to 1311, oh false breakout came back up.
SL hit... etc.
But it still comes back and reaches target.
The fact that you want Gold to reach target after it does a breakout is wishful thinking, you want it. I say it because that thinking cost me money back in the day. It breaks gives a target but does not travel right away. Let it do its stuff and it comes to reach it later then.
Right money management solves any problems!
So try to sell at 1313 but I have no idea about SL, decide where you put it.
I still aim for 1299 in this swing.
And mysterious 1270 if 1276.6 pivot was broken we reach 1270. If it was not we don't! I think it was. Friday when Yellen spoke.
Let's see how this all works out.
I don't sell for now because I have enough from 1320 and 1315.
I may try 1313 myself, will see.
Again aim 1299 and aim for close below 1300 mark for this month.
DCP and MUMP sentiments ain't joking that much.
I will be back in charts Thursday evening and hopefully enjoy close below 1300 with you guys. Hopefully.
Take care.
SL hit... etc.
But it still comes back and reaches target.
The fact that you want Gold to reach target after it does a breakout is wishful thinking, you want it. I say it because that thinking cost me money back in the day. It breaks gives a target but does not travel right away. Let it do its stuff and it comes to reach it later then.
Right money management solves any problems!
So try to sell at 1313 but I have no idea about SL, decide where you put it.
I still aim for 1299 in this swing.
And mysterious 1270 if 1276.6 pivot was broken we reach 1270. If it was not we don't! I think it was. Friday when Yellen spoke.
Let's see how this all works out.
I don't sell for now because I have enough from 1320 and 1315.
I may try 1313 myself, will see.
Again aim 1299 and aim for close below 1300 mark for this month.
DCP and MUMP sentiments ain't joking that much.
I will be back in charts Thursday evening and hopefully enjoy close below 1300 with you guys. Hopefully.
Take care.
Comment:
I had some comments in private about First chart that suggested sell at 1311.
That I executed an order there and I just say I did not to think I am ok with the situation. I just want to point out this one as well.
You have to be lunatic if u think you had or I had any chance to do it! The sell setup was invalidated immediately.
The opening price was already above 1311 with the gap! If I am willing to sell from 1311 and put SL above why the hell I would sell above 1311? How would that make any sense? And the first 1 min candle went up like nuts.
Take a look at my chart.
prnt.sc/geob9y
And the reason to sell from 1320 was simply my last Long target that I considered ( in other chart ) and monthly keylevel, which is not broken because monthly keylevel break is considered 10$ if less it is not broken!
And in first lines I wrote this could turn out even better that it was before!
1306 a must.
Sell from 1310-11 a 4-5$ gain to 1306.. Sell from 1320 a 14$ Gain, is a difference right?
That's it.
That I executed an order there and I just say I did not to think I am ok with the situation. I just want to point out this one as well.
You have to be lunatic if u think you had or I had any chance to do it! The sell setup was invalidated immediately.
The opening price was already above 1311 with the gap! If I am willing to sell from 1311 and put SL above why the hell I would sell above 1311? How would that make any sense? And the first 1 min candle went up like nuts.
Take a look at my chart.
prnt.sc/geob9y
And the reason to sell from 1320 was simply my last Long target that I considered ( in other chart ) and monthly keylevel, which is not broken because monthly keylevel break is considered 10$ if less it is not broken!
And in first lines I wrote this could turn out even better that it was before!
1306 a must.
Sell from 1310-11 a 4-5$ gain to 1306.. Sell from 1320 a 14$ Gain, is a difference right?
That's it.
Comment:
Intraday is turning to buy setup.
If we tag 1305 the first move is considered to be DOWN.
If we then go up to reach 1313 we break 1311 and 1313.
Not good conditions to sell then.
If we tag 1305 the first move is considered to be DOWN.
If we then go up to reach 1313 we break 1311 and 1313.
Not good conditions to sell then.
Comment:
So far as you can see rejection from 1311 as it is stronger than 1313 while not broken.
1305 is the same category level. If tagged can send Gold up, and 90% the 1311 and 1313 then are smashed in pieces and 1317 is reached.
1305 is the same category level. If tagged can send Gold up, and 90% the 1311 and 1313 then are smashed in pieces and 1317 is reached.
Comment:
Go to settings and set Broker to remove pending order from 1313 if 1305 reached.
Fxpro provides such cool option.
Fxpro provides such cool option.
Comment:
I sold from 1313 and that so far is too good to be true, lol
Comment:
1305 that I mention now was in play. Rejected. Sell is ok but need to see what happen
Comment:
1310 intrady swing mid now reject up move. Have a chance to continue down and break 1305
Comment:
1311 again. Lets see. If we go up then we go 1317 probably.
Comment:
Maybe it is just a correct testback/ tag of 1313. Exact price is 1313.90.
If so we are ready to make the drop to 1299.
If break like said 1317
If so we are ready to make the drop to 1299.
If break like said 1317
Comment:
Lovely. I added again on 1313 because after Gold go up break 1311 and reach 1313 then it break 1311 down again giving a target 1304.16 it was just a correct tag of 1313.90 area and 1305 hold so it go up test it. Nice to have considered all possible options to be flexible
Comment:
I thought I will not have time till Thursday but I have found it so that's why I keep posting.
Very hard trading day but very interesting!
Just wanted to shout out some review of today!
The game with Pivots!
Let's remember what levels I mention.
1311
1313
1305
1304
# 1313 is a must that is sure. But in front around 1311, we have our pivot which is way stronger. # So First 1311 rejected Gold and it went Down and it almost turned to Buy Setup if we would tag 1305 which is the same category level as 1311.
# Intraday is turning to buy setup.
If we tag 1305 the first move is considered to be DOWN. #
We did not tag it and went up to reach 1313.
Sell was executed and Gold went Down. But after that 1305 block it and sends it up. Since We tagged 1313 first it could not be considered as a buy setup seeing 1305 rejecting gold up.
I was thinking we may just re-test 1311 and then keep moving. I had my SL on BE. But then I figured out that maybe the tag of 1313 is not exact. Sometimes 00 after the comma matters, sometimes they don't. I then removed SL from BE because of two reasons! It reach 1313 and then broke down 1311 which gave a target 1304, as I was writing that 1304 was reached, and 2nd I thought it was just a harder and more precious tag of 1313.90 area. Pivot 1 is 1313.60 and Pivot 2 is 1313.90. Then I added to Sell one more time and it reached that 1304, then it quickly tested back 1311. It was a pretty hard day trading day just because of these games in between these levels to find out what Gold is willing to do. Anyway I have written it all down as it went by in updates, but today was interesting indeed to see the play with 1311, 1313, 1305, 1304.
So I have sell from 1320.21 1315.9 and now 1313.00 and 1313.38
Keen to see the setup for tomorrow.
I am done with this idea, too many updates.
Very hard trading day but very interesting!
Just wanted to shout out some review of today!
The game with Pivots!
Let's remember what levels I mention.
1311
1313
1305
1304
# 1313 is a must that is sure. But in front around 1311, we have our pivot which is way stronger. # So First 1311 rejected Gold and it went Down and it almost turned to Buy Setup if we would tag 1305 which is the same category level as 1311.
# Intraday is turning to buy setup.
If we tag 1305 the first move is considered to be DOWN. #
We did not tag it and went up to reach 1313.
Sell was executed and Gold went Down. But after that 1305 block it and sends it up. Since We tagged 1313 first it could not be considered as a buy setup seeing 1305 rejecting gold up.
I was thinking we may just re-test 1311 and then keep moving. I had my SL on BE. But then I figured out that maybe the tag of 1313 is not exact. Sometimes 00 after the comma matters, sometimes they don't. I then removed SL from BE because of two reasons! It reach 1313 and then broke down 1311 which gave a target 1304, as I was writing that 1304 was reached, and 2nd I thought it was just a harder and more precious tag of 1313.90 area. Pivot 1 is 1313.60 and Pivot 2 is 1313.90. Then I added to Sell one more time and it reached that 1304, then it quickly tested back 1311. It was a pretty hard day trading day just because of these games in between these levels to find out what Gold is willing to do. Anyway I have written it all down as it went by in updates, but today was interesting indeed to see the play with 1311, 1313, 1305, 1304.
So I have sell from 1320.21 1315.9 and now 1313.00 and 1313.38
Keen to see the setup for tomorrow.
I am done with this idea, too many updates.