MetalCruisers

GOLD /500oz Swing / I was blind

FX_IDC:XAUUSD   GOLD / US DOLLAR
Hello guys.
I received a lot of heat for last Idea, because again a lot of people got margin calls.
But cmoon guys. I told you possible scenarios, I pointed it out, where daily swing can take us.
I updated that scary ones should Close buys, hedge their longs when MHI was reached.

But there is one thing that I didn't notice.. I was blind...
I just wanted so much for those people to save their accounts, but at some point for some of them it was laready too late to do something. I tried to update frequently.

Let's take a look at yesterday's levels.

It was too big Sell presure on Daily cycle, my mistake was that I did not notice Wave 6 when making Idea.. wave 6 is one of the strongest daily swing trading waves on this calculator.
http://prnt.sc/ciwkvt

It was way too strong. 3 pivots above... Sell starting right away on 1318. Market Heading point was 1317... It went stright up for sell, straight up to that 1318, where it got triggered..
I relied too much on all other levels, but they cannot resist wave 6... And it went stright down for that TP2.
I fail every time when I am trying to go against wave 6 swing... I don't understand why I did it again yesterday..
Then it got down and Broke Trend Identifier Sentiment.. that is not good... and that was it, dynamic swing gone... and there was no hope to break it... Standard behaviour after breaking TIS, sell on test back.
I am hedging this.. and sold right away at night when I noticed that Reversal zone will not be able to hold..
I am sorry for those who didn't survive. I cannot manage your trades guys.. But I did do wrong yesterday with going against wave 6 again.. and again, it proved to F me up.

Take care people... I wish you all a speedy recovery... for those who still are in, and survived this.. we have ahope for next week.. this time wave 6 is in Bulls favour.. I will post an idea Sunday.

TPP

P.S Yesterdays Idea below..
Comment: When I noticed wave 6 I did update you all on last Idea, soon enough.. Go thru Related Idea to see step by step.
Thanks for the posting mate.
I awaits your chart update as I'm preparing to long this week for Gold ;-)
Reply
Static points is to be seen this month, Longs will come. Now the question is how deep the Dynamic cycle will take us down.
But Like I said, wave 6 turned in bulls favour now.. it should be okay..
Reply
FreshOilTrader MetalCruisers
Very kind and smart approach. Have impressed by such detail and honest comments you provide for followers. Keep strong, I believe that Long is closer that we can imagine. Good luck in all of your trades.
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