I was thinking to post this when Gold hit's 1348 as a review idea. But then I thought it would be wrong, because " after the fact " posting " I knew it " type thing etc is not welcome!
And the question - If Gold doesn't hit 1348 - would you post such idea then?
So with that in mind! Let's go by parts!
In the Last Idea, I mentioned 1348 and 1270 ( long term post )
Everything was okay! The first move was down and triggered my lowest entry 1314 and went up!
At that point because of the storm, I lost internet connection because local ISP provider's signal towers went off.
I was out of the chart and not being able to recalculate so I lost the track!
Gold went lower than 1314 to 1310. I described why 1310 in updates. That one was clear!
But it kind'a kept going lower and I decided to close my buys.
Then after getting into charts and recalculating clearly what happened. Level 1304 brought my attention, and I described that I am buying Gold in last updates.
My entry is 1305.21
The one reason for entering long again is 1322. The tendency pivot that was not reached yesterday!
And the second most reason for entering long - 1348.
Take a look at this idea - History repeats itself?
What I find funny is that!
In this idea, I bought/published idea at 1204-1205 region!
Now I have bought at 1304-1305 region.
In this idea, the target was 1247
Now I target 1348.
In this idea, Gold reached Monthly key level 1198.
Now Gold hit key level ( 1304 - 1303 ).
And in this idea using Accumulation software there was always a PKA/L3 pivot upwards!
Basically, what that means is that if you recalculate every hour you see where the PKA pivot is if it is an upside, it indicates an upward trend, the tricky part is that you have to know how to read it correctly! The fact that it indicates upward trend didn't mean that I had to buy all over the place on every dip! It just indicated that generally - we go up.
And now doing accumulation tests absolutely the same picture - PKA points upward.
Right now, right here the same situation!
Part 1 was the initial move down in this important week. First move in new week DOWN. If you know me and my trading you know how important are first moves in trading, not only daily, but weekly and monthly as well.
Part 2 will be the break of 1322, matches with a trendline.( Sorry to those that will try to short the T-line pullback as your acc balance will go short )
Part 3 1348 Hit.
I am not doing this right now just because of some non-sense saying - history repeats itself. Either way, it would be awesome to see this chart doing the same as the one posted before with FOMC.
I am not doing this now because I am getting back in Long-Term trading again! NO! I made the buy based on intraday levels, and I will keep doing intraday. The only thing is that I can do intraday and move my SL to BE and escalate the trade in more profits if this hits 1348. While following up on intraday and adding if necessary.
And remember what I said in the last update after I closed my Monday buys in -
8 hours ago
Comment: Gold will pay me back for today. Mark these words Carl. I'm just waiting for close.
1304 - 1303 is super strong!
For now, I have SL below 1303.
If we break 1309 at 1312 I will move SL to BE.
We need to break 1309 then 1312 then 1316 and then 1322... our 1322.
Thank you guys for all! Y'all my flowers, much love!
P.S in last update, I stated I sold USDJPY. I closed the sell! Because the software for UJ trading ( the same I have for Gold ) is rented out to a company until 2018.
So actually I did it blindly just because of Gold buy. But it was not right! UJ has his own levels and pivots that I cannot see atm. So no blind trading just because of smth.
And the question - If Gold doesn't hit 1348 - would you post such idea then?
So with that in mind! Let's go by parts!
In the Last Idea, I mentioned 1348 and 1270 ( long term post )
Everything was okay! The first move was down and triggered my lowest entry 1314 and went up!
At that point because of the storm, I lost internet connection because local ISP provider's signal towers went off.
I was out of the chart and not being able to recalculate so I lost the track!
Gold went lower than 1314 to 1310. I described why 1310 in updates. That one was clear!
But it kind'a kept going lower and I decided to close my buys.
Then after getting into charts and recalculating clearly what happened. Level 1304 brought my attention, and I described that I am buying Gold in last updates.
My entry is 1305.21
The one reason for entering long again is 1322. The tendency pivot that was not reached yesterday!
And the second most reason for entering long - 1348.
Take a look at this idea - History repeats itself?
What I find funny is that!
In this idea, I bought/published idea at 1204-1205 region!
Now I have bought at 1304-1305 region.
In this idea, the target was 1247
Now I target 1348.
In this idea, Gold reached Monthly key level 1198.
Now Gold hit key level ( 1304 - 1303 ).
And in this idea using Accumulation software there was always a PKA/L3 pivot upwards!
Basically, what that means is that if you recalculate every hour you see where the PKA pivot is if it is an upside, it indicates an upward trend, the tricky part is that you have to know how to read it correctly! The fact that it indicates upward trend didn't mean that I had to buy all over the place on every dip! It just indicated that generally - we go up.
And now doing accumulation tests absolutely the same picture - PKA points upward.
Right now, right here the same situation!
Part 1 was the initial move down in this important week. First move in new week DOWN. If you know me and my trading you know how important are first moves in trading, not only daily, but weekly and monthly as well.
Part 2 will be the break of 1322, matches with a trendline.( Sorry to those that will try to short the T-line pullback as your acc balance will go short )
Part 3 1348 Hit.
I am not doing this right now just because of some non-sense saying - history repeats itself. Either way, it would be awesome to see this chart doing the same as the one posted before with FOMC.
I am not doing this now because I am getting back in Long-Term trading again! NO! I made the buy based on intraday levels, and I will keep doing intraday. The only thing is that I can do intraday and move my SL to BE and escalate the trade in more profits if this hits 1348. While following up on intraday and adding if necessary.
And remember what I said in the last update after I closed my Monday buys in -
8 hours ago
Comment: Gold will pay me back for today. Mark these words Carl. I'm just waiting for close.
1304 - 1303 is super strong!
For now, I have SL below 1303.
If we break 1309 at 1312 I will move SL to BE.
We need to break 1309 then 1312 then 1316 and then 1322... our 1322.
Thank you guys for all! Y'all my flowers, much love!
P.S in last update, I stated I sold USDJPY. I closed the sell! Because the software for UJ trading ( the same I have for Gold ) is rented out to a company until 2018.
So actually I did it blindly just because of Gold buy. But it was not right! UJ has his own levels and pivots that I cannot see atm. So no blind trading just because of smth.
Comment:
1309 is not broken yet!
1309.50 is the pivot, High is 1310.49. I need at least 10 cents more to say it is a safe break!
But I think we will be good anyway!
Like I said, gold's gonna pay me back and the payback day is arriving.
1309.50 is the pivot, High is 1310.49. I need at least 10 cents more to say it is a safe break!
But I think we will be good anyway!
Like I said, gold's gonna pay me back and the payback day is arriving.
Comment:
I moved SL to BE. Failure to break 1309 and moving down is not good. Better safe than sorry.
Comment:
Good thing is we broke 1309.2 although it is not as strong as 1309.5 but still :)
Comment:
Gold needs to break 1310 now.
1309 is not important after las recalculation.
Other than that it can move to test 1304.
That means BE for me.
Idk guys... I have so great feeling about this trade. It can take my BE and reverse and I am left out then.
Lets see the close price and new data.
1309 is not important after las recalculation.
Other than that it can move to test 1304.
That means BE for me.
Idk guys... I have so great feeling about this trade. It can take my BE and reverse and I am left out then.
Lets see the close price and new data.
Comment:
Great that I closed my blind UJ trade with 700 dollars profit. See how it move more up but gold stay where it is. It has its own pivots and moving frequency.
Comment:
Today Gold need to do a massive break because 1304 is very strong today. So in order to break it gold needs high volume for that. I was hoping we move more up and break 1309 1310 at least. The problem is that tomorrow 1304 become not strong on intraday basis and will need much less power to break it.
Comment:
I have moved SL back below 1303. I just don't think there will be a volume to break it today. I have great entry don't want to lose it.
1305.21 is good enough
1305.21 is good enough
Comment:
Exact place of SL for me 1301.90
Risk reward ratio is still good.
Anywhere below 1303 sl is ok
Risk reward ratio is still good.
Anywhere below 1303 sl is ok
Comment:
Great to consider removing BE. This is called exhaustion! Sent down from 1309 area but was not even able to tag 1304 and going back up. Very great sign!
Holding 1305.21
Holding 1305.21
Comment:
Although 1309.5 is not that important anymore as 1310.01 became after recalculation, it is still great to see 1309.5 being broken. The tendency will be UP.
youtu.be/0uTzw4u_nQU