blake200

Looking for repeat pattern UPDATED

FX:XAUUSD   Gold / U.S. Dollar
188 3 5
Looking for repeat pattern to confirm trading plan
Comment: No Repeat Although I'm Still expecting a BEARISH movement which roughly follows my plotted course.

The market seems to be rather volatile today 7/72016. i will not be trading LONG until price exceeds new heights of say 1370. Or SHORT until price drops to 1355. but even then I still don't trust today's market so i will be waiting for retests in either direction.
Comment: I LEFT THE LATTER YELLOW PLOTTED COURSE OPEN ENDED AS I HALF EXPECTED SOME BULLISH UNCERTAINTY. AS WE CAN SEE THE PRICE BRIEFLY TOUCHED 1335.35 ON 07/082016 AT 12;00 ALMOST RIGHT ON QUE FOR THIS TRADING PLAN. (VERY EXCITING!!!)
Comment: BOUGHT AT 1328.54
Comment: JUST TOOK PROFIT AT 1342.00 AS IT MIGHT RETRACE TO 1338.00 AT WHICH POINT I MAY BUY AGAIN
Comment: HOWEVER WE REALLY CAN'T TAKE OUR EYE OFF THE BALL HERE
Comment: BEST BEING SAFE AT THE MOMENT!!
Comment: if i BUY at 1338.00 then i might put my SL at 1335.00 but i cant be sure until it's bounce back where i will very quickly cross reference tick volume, trend lines, 1M, 3M, 5M,10M AND 15M charts, linear regression, wilders smoothing and weighted moving average.
Comment: PS i always use these things to trade Gold at the moment.
Comment: (EARLY HEADS UP) 1350.00 MIGHT BE A SAFE PLACE TO CONFIRM BULLISH RALLY TOWARD 1370.00
Comment: Price breached RED LINE above LINE A so i'm expecting further regression
blake200 blake200
THE ABOVE CART; 3 POSSIBLE LONG ENTRY POINTS FOR A FALSE BEARISH MOVEMENT WHICH HAVEN'T PERHAPS BEEN WIDELY CONSIDERED.
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