GcNaif

Trade plan for March 21/22, 2016 - Asian session

FX:XAUUSD   Gold/U.S. Dollar
536 11 26
Analysis is based on Clones (a concept by @nmike).

Buy Levels: if a candle closes above 1247 then next levels are 1253 - 1257
Sell Levels: If a candle closes below 1240 then next levels are 1236-1231, if needed i will add more Clones to downside.

a. What are Clones: Clones is a concept shown to me by fellow Tradingview trader @nmike . Its based on important area where the price ranged/consolidated for a while.

b. How to Draw Clones: Pick the area where the price ranged/ranging, you can use pivots to find the range. Once the range is detected draw a box ,named it as reference range and the Clone the ref range box and put it one above n below reference range.

Note: this is not a trade advice/signal. These are just the levels that can be used for taking trade decision,,stoploss and take profits. Please do your own due diligence before placing the trade.

Facebook             Group : /groups/1661468780781762/
I am a Chart Slave.Thank you TradingView and @nmike.
I'm bullish on this market, so I would also buy on the bottom just when it reaches the limit of the fork.
snapshot
Reply
GcNaif MOD purpurato59
a year ago
thanks for sharing
Reply
Heelfan23 PRO
a year ago
I like the thought process. I know a guy who does a similar process with the open from the Asian session to the open of the London session, calls it Standard Deviation. I'm am also seeing a possible 3 drives, on the hourly, looking for the move to the upside. 1259 will be the 61.8 retracement. Good Luck, and thanks for the info!!!!!!
Reply
GcNaif MOD Heelfan23
a year ago
thanks ,green pips to you as well
Reply
Heelfan23 PRO Heelfan23
a year ago
Great job!!! This one worked out well. 1259 worked out perfect on the 61.8 retracement of the 3 drives, with extra confidence on the clone.
Reply
Neel_K PRO
a year ago
Attack of the clones! All played out as u scripted! Good one
Reply
GcNaif MOD Neel_K
a year ago
Thanks Neel
Reply
VanTuan
a year ago
do you have more examples or website to see clones?
Reply
VanTuan VanTuan
a year ago
I mean How to draw range Clones
Reply
GcNaif MOD VanTuan
a year ago
no there are no websites on Clones , you can visit @nmike profile on tradingview, he has some cool chats/examples
Reply
VanTuan GcNaif
a year ago
Pls tell me that I understand Clone right or wrong on AU H1
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out