Marenno
Long

XAUUSD LONG ENTRY LEVELS, EURO SESSION ONLY

FX:XAUUSD   Gold/U.S. Dollar
75.0% More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones

Average ((V+OI)/2) Put call ratio is negative, so most of the market participants do have a bullish view on the instrument, knowing that most market participants can be wrong, it has to be similar to your own opinion to follow this direction, in case of this report, direction has to be the same with my MTFFC's direction







Next webinar (London time): 18/08/16 10:00 youtube.com/c/marenno

How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.







Currently there are no clear patterns on a chart (it doesn't mean that there are no level limit entries and places for stop entries)

We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
1W NR4; 1W NR7; 1M NR4; 1M NR7;
Learning material:
How to count option levels: http://marenno.com/index.php/counting-option-levels/
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Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 1361.80
Option level R3 1358.70
Option level R2 1355.90
Option level R1 1353.60
Option level S1 1344.80
Option level S2 1344.80
Option level S3 1344.80
Option level S4 1344.80

Session (current session only) levels:
r3 1360.91
r2 1358.33
r1 1355.74
p 1353.44
s1 1350.85
s2 1348.55
s3 1345.96

I really hope that sharing of my routine with you, will help you in your trading.

Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.

Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
youtube channel:
youtube.com/c/marenno

Using:
http://marenno.com/index.php/how-to-use-volume-and-open-interest-option-levels/

Counting:
http://marenno.com/index.php/counting-option-levels/

Banned: https://www.facebook.com/marennoacademy/
MANOLIS PRO
3 months ago
Thanks Marenno, great info .very useful. :)
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