PRS LIVE#4 SLOW YOUR ROLL BEARS, GOLD ISN'T FINISHED UNTIL 2300.
THIS IS DRAFT 2, DERIVATIVE MAP AND TRADING GUIDE. THIS HAS SEVERAL TRADE IDEAS, SO LET'S GO ONE BY ONE.
First, please like/follow for my sake. The easiest way to support is tapping that like button. Or donate for my kids who I neglect in order to bring you these fantastic trading ideas.
For the record PRS LIVE is 2-0 in posted entries/exits. #1 and # 2 are closed.
#1 (XAUUSD) entry 1955, stopped out 2044
#2 (BTCUSD) entry 11040, exit 11639 (this was mislabeled as #3 in one of the posts, but #3 is DOW short)
#3 Dow short is ongoing.
This is #4. We previously left off at my first attempt to call the top after bribery from ZainyZain99 -
- where I stated that the "light" gray route, based on historical volatility, was still a big dog Thursday night. After a 3% drawn down on an extremely bullish position, the light gray route has now become the odds on favorite for the next 40 days. How can a path change so much so quickly? I think it was really doing this move the entire time. But the lead in is so similar to 1980 blow off top that I can't walk away until it's unproven. What about 2011 route. I can say we are not going that route at this time, DESPITE THE SIMILARITY OF ENTIRE RUN SINCE 1670. The part of the work that allows me to forecast this next 40 days this way (AGAINST ALL PROFESSIONAL CLAIMS OF GOLD GOING TO HELL IN A HAND BASKET) is a secret sauce that I'm going to have to keep secret.
THE FIRST TRADE IS LONG ANY DISCOUNT ON SUNDAY OPEN W/ SL AT 2018 AND CLOSE AT THE FIRST RED BUBBLE.
In this situation, any discount will happen The first 4-5 hours after Sunday open in attempt to retest 2015. Please use discretion in shorting gold in a bull market. In any case, the channel drawn above should hold for first 3 weeks, avoid shorts unless at resistance line.
Will update if have time...
First, please like/follow for my sake. The easiest way to support is tapping that like button. Or donate for my kids who I neglect in order to bring you these fantastic trading ideas.
For the record PRS LIVE is 2-0 in posted entries/exits. #1 and # 2 are closed.
#1 (XAUUSD) entry 1955, stopped out 2044
#2 (BTCUSD) entry 11040, exit 11639 (this was mislabeled as #3 in one of the posts, but #3 is DOW short)
#3 Dow short is ongoing.
This is #4. We previously left off at my first attempt to call the top after bribery from ZainyZain99 -
- where I stated that the "light" gray route, based on historical volatility, was still a big dog Thursday night. After a 3% drawn down on an extremely bullish position, the light gray route has now become the odds on favorite for the next 40 days. How can a path change so much so quickly? I think it was really doing this move the entire time. But the lead in is so similar to 1980 blow off top that I can't walk away until it's unproven. What about 2011 route. I can say we are not going that route at this time, DESPITE THE SIMILARITY OF ENTIRE RUN SINCE 1670. The part of the work that allows me to forecast this next 40 days this way (AGAINST ALL PROFESSIONAL CLAIMS OF GOLD GOING TO HELL IN A HAND BASKET) is a secret sauce that I'm going to have to keep secret.
THE FIRST TRADE IS LONG ANY DISCOUNT ON SUNDAY OPEN W/ SL AT 2018 AND CLOSE AT THE FIRST RED BUBBLE.
In this situation, any discount will happen The first 4-5 hours after Sunday open in attempt to retest 2015. Please use discretion in shorting gold in a bull market. In any case, the channel drawn above should hold for first 3 weeks, avoid shorts unless at resistance line.
Will update if have time...
Comment:
Note: the slope of that channel maybe "may seem a little high", but that's a fair forecast for the specific situation we are in.
Comment:
UPDATE: Monday morning
The plan is working, but I would raise your SL to 2037 just to make sure you get something out of this first move.
The plan is working, but I would raise your SL to 2037 just to make sure you get something out of this first move.
Comment:
9:40 AM Raise SL to 2040. If this is going to work, it has to be moving higher.