Hola, Guys!
This idea should be a great example of how important is the first move!
If there is a Bull Gold after opening will first Tag D2 pivot ( 1330.6 - 1328.7 ) zone and then it should continue upward move without hesitation.
If the first move is UP to D3 1333 area then it is not that simple as it can then go down and break D2 pivot area!
OR it can do the first move UP break 1333 area then pull back to D2 zone and again continue upwards!
Because if D3 pivot is broken Gold has a tendency to continue the path the way the D3 was broken after a pull back.
SO 3 options!
Clear Bull - Move down to D2
More Complex - Move up to D3
Pretty Bullish - Move up, break D3, move down to D2, then UP.
As you may know, I have buy positions @ 1333, 1327, 1324
Pending orders were set for more buy @ 1330.7, 1328.9
Overall Intraday looks pretty bullish.
Target the same - 1348.
Booyah!
Previous Idea!
This idea should be a great example of how important is the first move!
If there is a Bull Gold after opening will first Tag D2 pivot ( 1330.6 - 1328.7 ) zone and then it should continue upward move without hesitation.
If the first move is UP to D3 1333 area then it is not that simple as it can then go down and break D2 pivot area!
OR it can do the first move UP break 1333 area then pull back to D2 zone and again continue upwards!
Because if D3 pivot is broken Gold has a tendency to continue the path the way the D3 was broken after a pull back.
SO 3 options!
Clear Bull - Move down to D2
More Complex - Move up to D3
Pretty Bullish - Move up, break D3, move down to D2, then UP.
As you may know, I have buy positions @ 1333, 1327, 1324
Pending orders were set for more buy @ 1330.7, 1328.9
Overall Intraday looks pretty bullish.
Target the same - 1348.
Booyah!
Previous Idea!
Comment:
The first Move was Up to D3 ( no break yet )
So what I am doing here is opening Sell position ( hedge ) not closing Buys!
I closed only 1333 buy because of this first move up!
I set BE for buy @ 1227 - 1224
I removed Pending orders!
I set SL for sell 1335.9
So what I am doing here is opening Sell position ( hedge ) not closing Buys!
I closed only 1333 buy because of this first move up!
I set BE for buy @ 1227 - 1224
I removed Pending orders!
I set SL for sell 1335.9
Comment:
Such Spot on quick D3 tag - is a bearish sign too!
Nothing big happened! Just hedging! If we go up, I just close the Sell and keep enjoying my buy, if not I close the buy with some profit and enjoy Sell.
Simple!
Be careful!
Nothing big happened! Just hedging! If we go up, I just close the Sell and keep enjoying my buy, if not I close the buy with some profit and enjoy Sell.
Simple!
Be careful!
Trade active:
And yes! Sell is active at 1333.7
Comment:
If u ask me hey what's up with 48 target? Nothing. I'm just being flexible and reading what AI is writing me down. I have paid a lot for falling in love with something in trading! Intraday has the power to be flexible!
If we are going down then we are going to 1318.
Why?
Because the first move up was spot on and quick!
Because 1228 is an intraday power level.
At some point, it is a very tough level for buying, but in most cases, I read it as a bearish sign as well!
The more power the level has, the bigger the magnet it is and the bigger the breakout is!
Let's see! what happens! :)
Good night!
If we are going down then we are going to 1318.
Why?
Because the first move up was spot on and quick!
Because 1228 is an intraday power level.
At some point, it is a very tough level for buying, but in most cases, I read it as a bearish sign as well!
The more power the level has, the bigger the magnet it is and the bigger the breakout is!
Let's see! what happens! :)
Good night!
Comment:
And yes why 1318?
Well, it all started with that 39 if u remember.
prnt.sc/gjke8e
But every day there are new levels though, but still, the chain could complete itself!
Later today we shall see which option developed.
Well, it all started with that 39 if u remember.
prnt.sc/gjke8e
But every day there are new levels though, but still, the chain could complete itself!
Later today we shall see which option developed.
Comment:
Oh yes, almost forgot the promise to upload the track.
It is not mastered yet, so the quality is bad, and it's a draft and has a long time till it get's officially published, but still, the quality depends on your setup.
This is a woofer lo-fi house track with ABCD envelopes lower than 14 octanes so obviously not for laptop speakers lol.
youtu.be/yfA88UCSD-w
It is not mastered yet, so the quality is bad, and it's a draft and has a long time till it get's officially published, but still, the quality depends on your setup.
This is a woofer lo-fi house track with ABCD envelopes lower than 14 octanes so obviously not for laptop speakers lol.
youtu.be/yfA88UCSD-w
Comment:
As well watch the action at 1230 if we turn around and go back up then we break D3 because if after such first move up we ain't going down but after tag D2 back up then we ain't going down at all! If so after the D3 break I will buy more on a pull back.
I think we will break D2 then 1328 and after that, on the pull back I will add more to sell positions. Just because of this First Move Productions!
Sorry for a lot of updates, just writing down the logic and actions that could be done on all these levels!
I think we will break D2 then 1328 and after that, on the pull back I will add more to sell positions. Just because of this First Move Productions!
Sorry for a lot of updates, just writing down the logic and actions that could be done on all these levels!
Comment:
As you can see we tagged 1330.6 ( D2 ) spot on and stop. Now like I said if we go back up the chances are we break D3. It is from experience reading behavior not that I see it happening!
The first move was clear UP spot on if this changed to bear then no need to mess with something up there again.
It may just happen that with this Sell entry 1333 we may catch a possible big move!
That is what is great about intraday if u have it dialed in and you follow every move.
The first move was clear UP spot on if this changed to bear then no need to mess with something up there again.
It may just happen that with this Sell entry 1333 we may catch a possible big move!
That is what is great about intraday if u have it dialed in and you follow every move.
Comment:
Not much time to be here and update. Will do so later. Just keep in mind that we broke D2 downwards by 1$.
1330.6 L is 1329.2
Tendency is to continue the path the way D was broken after a pullback.
Pay attention to details.
That is why this option was named More Complex. Cheers
1330.6 L is 1329.2
Tendency is to continue the path the way D was broken after a pullback.
Pay attention to details.
That is why this option was named More Complex. Cheers
Comment:
On the other hand Like I said if this is bear then there was no need to come back up.
Keeping the previous trade plan on table.
See you later.
Keeping the previous trade plan on table.
See you later.
Trade active:
Opened second sell here at the top. SL the same.
Keeping buys open as well with BE
Keeping buys open as well with BE
Comment:
I will close my 1327 1324 buys if we move back down and set SL to be for both Sells.
Again if this turned to be a bull no need to Go back down to D2 now.
It is not wise to trade actually here in between D2 and D3. D1 is right above D3 by the way. Because Like stated this is more complex now and it indeed is. But I try to read the sentiment and the break of D2 down there is not good for Bull at the moment.
This move up from D2 to D3 is not good for bear at the moment. Lets see
Again if this turned to be a bull no need to Go back down to D2 now.
It is not wise to trade actually here in between D2 and D3. D1 is right above D3 by the way. Because Like stated this is more complex now and it indeed is. But I try to read the sentiment and the break of D2 down there is not good for Bull at the moment.
This move up from D2 to D3 is not good for bear at the moment. Lets see
Comment:
As I was typing we move down
Comment:
If we go down chances are we hit 1228. 1228 on intraday basis needs a powerful break. Tons of pivots there. If intraday break happens then it should be a massive red candle to break such level in most cases
Comment:
Damn 1328...
Comment:
Okay I am closing my buys and taking cash in pocket from them. Sl for both sells moved to Be. Not wise as it can hit BE but I have reasons to do it
Comment:
I can always buy back after a breakout of D3 :) so risk reward in between both D's is awesome anyway lol
Comment:
Moment of Truth at 1328... O_o
Comment:
Grab a popcorn, watch that 1328 fight! :d
Conor McGold vs Pivot Money 28weather
Conor McGold vs Pivot Money 28weather
Comment:
So far the lowest is 1327.5 but the Pivot is 1328.3 no break yet! Damn. Need 1,1$ at least to be safe.
Comment:
1328 done!
I did a recalculation after this break taking in new L and C.
The next problem is 1326 ( small one )
Now we should have a pullback to 1328-29 area and should continue down to 1322.
But the sentiment feel was good! Glad I pocketed profits from buy 1327-1324 and opened second sell!
That first D2 break by 1$ decided this move!
Overall Aim 1322 guys!
1326 is the last small " I screw with u " level...
Now really have to go! Enjoy! And put BE to SL for your sells.
I did a recalculation after this break taking in new L and C.
The next problem is 1326 ( small one )
Now we should have a pullback to 1328-29 area and should continue down to 1322.
But the sentiment feel was good! Glad I pocketed profits from buy 1327-1324 and opened second sell!
That first D2 break by 1$ decided this move!
Overall Aim 1322 guys!
1326 is the last small " I screw with u " level...
Now really have to go! Enjoy! And put BE to SL for your sells.
Comment:
Comment:
1322 reached.
And guys important thing. I would offer you to trail the stops! I'll be doing the same!
Because as I wrote:
####
It may just happen that with this Sell entry 1333 we may catch a possible big move!
That is what is great about intraday
#####
As well I hope you sold more at 1228
#####
I think we will break D2 then 1328 and after that, on the pull back I will add more to sell positions
#####
Look at The break of 1228
#####
1328 is an intraday power level.
At some point, it is a very tough level for buying, but in most cases, I read it as a bearish sign as well!
The more power the level has, the bigger the magnet it is and the bigger the breakout is
#####
And as well remember this one:
prnt.sc/gjke8e
Don't be tight with trailing though!
After today's close, I will get new daily general levels and have a new plan for tomorrow!
So far all is good.
I hope with these constant updates I have shown you the power of the First move and how it can decide the daily move!
The first move is important on any tradable thing not only in gold.
And guys important thing. I would offer you to trail the stops! I'll be doing the same!
Because as I wrote:
####
It may just happen that with this Sell entry 1333 we may catch a possible big move!
That is what is great about intraday
#####
As well I hope you sold more at 1228
#####
I think we will break D2 then 1328 and after that, on the pull back I will add more to sell positions
#####
Look at The break of 1228
#####
1328 is an intraday power level.
At some point, it is a very tough level for buying, but in most cases, I read it as a bearish sign as well!
The more power the level has, the bigger the magnet it is and the bigger the breakout is
#####
And as well remember this one:
prnt.sc/gjke8e
Don't be tight with trailing though!
After today's close, I will get new daily general levels and have a new plan for tomorrow!
So far all is good.
I hope with these constant updates I have shown you the power of the First move and how it can decide the daily move!
The first move is important on any tradable thing not only in gold.
Comment:
A'right! I am home now and want to write a review about today.
The first thing that confused some ppl that wrote me PM's is:
You always say that break is 1$, D3 was broken by 1$ for sure but you said it is not!
Well, it is not always! It depends on a lot of other factors and Sub Pivots! This is something I have learned and improved.
D3 was 1332.9 but Sub Pivot was 1334.2 In cases when Sub P is less than 2$ from D level I count in both level Difference, t.i - 1334.2 - 1332.9 = 1.3$
So 1332.9 = 1.3 is 1334.2.
So the break would be 1334.2 + 1$ = 1335.2 + spread ( Safe level 1335.9 was mentioned as SL for my sells )
I hope that is clear! Every day there are different nuances and situation DEPENDS on level displacement!
Now, which option did we have? 2nd one!
More Complex!
We went down to D2 and then turned back up! That would be a Clear Buy setup IF not only the break of D2 afterward!
I was ready for my SL to be hit when it traveled back up, but then it fell down and broke 1330.6 by 1$ ( no sub pivots around ) and when D levels are broken it has a tendency to continue the path the way the D was broken!
Then it went back up again that could be considered as a pull back! And that is why I decided to close buys and add more to sell position.
It could be more complex - it could as well break D2 then go up and break D3 and then I would have to do a recalculation to see the sentiment since both D's would be broken! That would be the tricky part!
And Boom we went down, with a massive candle we broke 1328 there was a small pullback up to almost 1328 and more down, I hope that you used that to add more as I wrote there is an opp to add once broken!
I came to TV as an intraday trader and I am happy to be back in intraday ( having some time for it ) as well mathematics has given me an ability to improve.
Back in the day trust me I would put a Line at 1330.6 and say once we reach this BUY. I limit myself. But now I have learned to read possible options and ways how the day could develop rather than just focusing on what I want to see!
Today is a great example. Look at the chart! I was willing to have a buy. I even draw big green candles pointing 1348. But having these options in mind and reading the way the market develops on intraday basis saved me profit and even doubled it.
For now, I have 3 sells opened 1333.7 1333.1 and 1227.8.
And yes, do you remember 1270? It will get interesting because it is close to 1-month time frame since I got that level as a target! If you know what I mean!
Only oldest followers of mine will understand what I mean lol.
Maybe... who knows!
But I am out of this, and doing the only intraday!
Waiting for close to see new pivots and get the picture of possible first move productions.
The first thing that confused some ppl that wrote me PM's is:
You always say that break is 1$, D3 was broken by 1$ for sure but you said it is not!
Well, it is not always! It depends on a lot of other factors and Sub Pivots! This is something I have learned and improved.
D3 was 1332.9 but Sub Pivot was 1334.2 In cases when Sub P is less than 2$ from D level I count in both level Difference, t.i - 1334.2 - 1332.9 = 1.3$
So 1332.9 = 1.3 is 1334.2.
So the break would be 1334.2 + 1$ = 1335.2 + spread ( Safe level 1335.9 was mentioned as SL for my sells )
I hope that is clear! Every day there are different nuances and situation DEPENDS on level displacement!
Now, which option did we have? 2nd one!
More Complex!
We went down to D2 and then turned back up! That would be a Clear Buy setup IF not only the break of D2 afterward!
I was ready for my SL to be hit when it traveled back up, but then it fell down and broke 1330.6 by 1$ ( no sub pivots around ) and when D levels are broken it has a tendency to continue the path the way the D was broken!
Then it went back up again that could be considered as a pull back! And that is why I decided to close buys and add more to sell position.
It could be more complex - it could as well break D2 then go up and break D3 and then I would have to do a recalculation to see the sentiment since both D's would be broken! That would be the tricky part!
And Boom we went down, with a massive candle we broke 1328 there was a small pullback up to almost 1328 and more down, I hope that you used that to add more as I wrote there is an opp to add once broken!
I came to TV as an intraday trader and I am happy to be back in intraday ( having some time for it ) as well mathematics has given me an ability to improve.
Back in the day trust me I would put a Line at 1330.6 and say once we reach this BUY. I limit myself. But now I have learned to read possible options and ways how the day could develop rather than just focusing on what I want to see!
Today is a great example. Look at the chart! I was willing to have a buy. I even draw big green candles pointing 1348. But having these options in mind and reading the way the market develops on intraday basis saved me profit and even doubled it.
For now, I have 3 sells opened 1333.7 1333.1 and 1227.8.
And yes, do you remember 1270? It will get interesting because it is close to 1-month time frame since I got that level as a target! If you know what I mean!
Only oldest followers of mine will understand what I mean lol.
Maybe... who knows!
But I am out of this, and doing the only intraday!
Waiting for close to see new pivots and get the picture of possible first move productions.
Trade closed manually:
I closed all my sell positions! I am doing approx close price calculations! It looks tricky! So better money in the pocket rather than pennies.
I can always enter again.
I can always enter again.
Comment:
This Low is not Logic today! I don't understand it! We have 2 hours left to make L 1329.xx at least... Otherwise, it just doesn't make sense on any calculations with no matter what close price is used.
Let's seed.
Let's seed.
Comment:
Sorry L 1319.xx not 29.xx
Comment:
Meanwhile:
www.zerohedge.com/ne...-rigging-gold-prices
www.zerohedge.com/ne...-rigging-gold-prices
Much love and thanks in advance.