Loads of traders - mainly gamblers and those on small time frames - were taken out by a panic in the Gold markets which were affected by bond markets and stock market flake out of 3,500 points (DJI).
True traders - not gamblers - had an idea what was going on.
In this screencast I show an opportunity to go long - subject to acceptable controlled losses - and based on probabilities arising from the technical picture at this time.
NOTE carefully that this is not advice or a guarantee. For every probability estimate in one direction, there is a residual probability in the opposite direction (to be managed by a stop-loss).
See also
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
I really like your analysis. The two methodologies we use are significantly different. But the results are so close. Why? .... In my opinion, because they use other types of indicators, they have in common that these indicators are calculated using the ATR or ATR formula. It can also be seen that the wave sequences or even the fractals are not interpreted by themselves but in an ATR environment. Same-wave pairs grow at higher volatility, decrease at lower volatility. That is why I think it is very important that you apply it very well to monitor the underlying ATR values in parallel with stock market wave movements.
shiva42
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thank you guys, i am really happy to follou you, and finally we have and really BIG picture and we expect long long run...
Captain_Walker
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@shiva42, It could be rough ride but for those who take larger time frames and hold, they're likely to succeed in the end (subject to acceptable stop-losses).