faylee
Long

If the mentioned two condition is met, GO LONG!

FX_IDC:XAUUSD   GOLD / US DOLLAR
1455 21 44
Read the chart.
If break 1330, the trade will be closed.
PooyaSalehipour
3 months ago
i dont agree. Gold can drop to 1307 soon...
Reply
faylee PooyaSalehipour
3 months ago
Yep, many people think it'll fall.. but i amnot very agreed.
However, who knows. My trading plan is based on the two mentioned conditions.
And I can take the risk for the loss.
+3 Reply
PooyaSalehipour faylee
3 months ago
Is it possible to move $980.00 ???
+1 Reply
waterman PooyaSalehipour
3 months ago
Same as my plan. Thinking gold will break the TL from now is very ambitious.. They may be banking on poor US data and a would be dovish FED. minutes.
But the giant ( China) who support yellow metal is trapped by huge debt net. So gold will fall. even a weak US data.
+1 Reply
faylee PooyaSalehipour
3 months ago
Thank you for your sharing!
+1 Reply
Vincemushi faylee
3 months ago
Tomorrow i will wave count in other way. My heart feel to agree w/ you and i want to confirm.
Reply
SungPLM PooyaSalehipour
3 months ago
guess you were wrong xD
Reply
Victor.Y.F
3 months ago
Thank you! The previous low 1310 is the key support. Price could do a ping-pong game from 1310 to 1375 and it's waiting for the moving average caching up then go up again. Be patient.
Reply
faylee Victor.Y.F
3 months ago
1330is crucial. One it was broken out, a mid-term adjustment can be expected, 1310 cannot hold, maybe fall to 1240-1250.
Reply
gcplau
3 months ago
Interesting...I tend to put a limit buy for your C point and target for up as well. But your analysis is more thorough and better. But what's the difference to buy from the Minor C in compare to Minor E point? in terms of structure E is always safer.... but both Mc and Me point needs price-action & indicator confirmation, right?
Reply
faylee gcplau
3 months ago
Yes, usually "c" looks risky, "e" looks better. But still not safe, I think no entry is safe. I always think if I lost, I hope it is as less as possible.
Reply
gcplau faylee
3 months ago
Thanks for the sharing. Yes, I agree with you...always try to find an entry point that require less SL so as to improve the R/R, not sure if this logic is right. But finding such requires a lot of work and analysis and still no guarantee...so, finding a balance and an efficient way. When you call it abcde, is it more or less like Wave12345 ?
Reply
faylee gcplau
3 months ago
I agree with you.
abcde, is not 12345. 12345 is impulse wave in Eliot
Reply
OrelMely faylee
3 months ago
do you contemplate all that as elliot
bigflat?? ..
Reply
faylee OrelMely
3 months ago
My wave count is some different with Elliot
Reply
OrelMely faylee
3 months ago
nice... loock so interested
Reply
OrelMely
3 months ago
thanks for share... blessingss
Reply
faylee OrelMely
3 months ago
Thank you:)
Reply
hi Faylee,with due respect your wave count is wrong. Or your notations/labeling used are wrong. Right from where you started counting your wave (c) is not to be labelled as abc.....wave C is always 5 wave structure. in some cases wave (a) are 5 wave too (as in a zigzag). I will post a chart when i have time.
Reply
pcshu
3 months ago
Now , it is going up!Thanks
Reply
KaQing
3 months ago
Hey your setups are pretty impressive. Can you tell me where you learned the Elliot Wave Theory?
Reply
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