tntsunrise
Long

Gold 4H Bat Pattern for Long Entry

FX:XAUUSD   Gold / U.S. Dollar
4311 34 80
Gold             4H Bat Pattern:
Ready to Long at 1051.07
SL: 1042
TP1: 1065.42
TP2: 1074.32
TP3: 1098
Price Action and together with the RSI
Oversold will make this trade
even safer!
Trade active: Order filled at 1051
Comment: nice reversal
Comment: TARGET 1 HIT: 1063. +120 PIPS
Comment: TARGET 2 HIT! +220 PIPS. LEFT 1/3 POSITION AND JUST LET IT RUN.
Comment: Perfect, Gold breaks up 1100
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thanks for sharing
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I think so
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sir, do you think we can have short at 1074? at the 0.5 after completion of cypherpattern in h1 chart
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Hello, pls take a look at chart. Blue line is a point where gold one time jump UP (20/07/2015) . Now it's trying crossing both line ( blue and main support ) I think we must wait and after confirmation under blue line enter with short.
snapshot
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I don't think so, I think gold has their own behavior
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it's ok. this is trading plan. it is not about whether gold will perform in which way or in what kind of behavior, the key thing is: if gold really come to 1051 ,we can have a good long opportunity.
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EL_KHIBRATTOR tntsunrise
I love this...Don't trade what you think rather Trade what you see ;)
I'm impressed @tntsunrise by your way of analysis...Keep going (y)
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same idea here
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That D point is the beggining of a huge move, not only the patterns profit targets.. Nice setup mate..
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Does it means your previous analysis about entry at 1062.50 is cancelled?
Gold Look Closely at 1062.50
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tntsunrise TOP Frank Cowperwood
Nope. It is still Valid. the 1062.50 is a fresh 0.618 level that haven't been tested yet. this Bat pattern gives better entry point, but it is a potential one, doesn't mean that it will definitely form.
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Thanks! Of course. I understand that it is not definitely form.
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tntsunrise TOP Frank Cowperwood
Welcome. So look closely of the price action at this two level!
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Much appreciated also TNT. Ask I write gold is tanking in Asia down to 1066 area.
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Nice as always.. i saw you are long from 1062.5 as well.. so if gold goes above 1085.. do you think this Bat pattern will be still valid?
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tks. once the C point exceed the A, the BAT is invalid
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jhakas tntsunrise
thx. for clearing.. gold so far is bullish with printing bullish candles on 1hr and on small tf. now gold is above 1074.5.. i think it will go for c. and possible a. as well.. it is holding nice nfp low.. many are targeting 1105 as per abcd pattern..
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EL_KHIBRATTOR tntsunrise
Your setup still valid and if the price fall down and exceed the D leg it's invalid then ?

Thanks
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tntsunrise TOP EL_KHIBRATTOR
EXCEED D LEG IS OK. AS LONG AS DID NOT STOPPED ME OUT
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dejanlukic8888 tntsunrise
Don't you think if Gold drops belowe 1043 it will go for Lower Lows?
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tntsunrise TOP dejanlukic8888
yes you are right. That's why we are trading this plan: SL 1044.
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loyababa tntsunrise
Is 1036 not a safer zone to go LONG? Need to se if this was a dead cat bounce. Thanks
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agree with you
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thank u sir!
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thanks
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thanks
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Hi. Just curious, do you move your stops to BE after 1st target reached? How's your money management? Thank u, sir.
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yes. move it to BE. when 1st Target hit
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it's very good
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when your TP2 hit where do you put the SL and you plan to keep it running the trend right? when should I move SL
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tntsunrise TOP ong.w.sukmaha
MOVE SL TO BREAK EVEN
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Very nice again TNT!
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GOLD HAS REACHED 1370 , 3200 pips
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