Last question before you decide to leave - please tell me what you study to trade so good on intraday basis, where can I learn the same.?
Got this type of a question today a lot after saying that I dedicate my time to other things now so cannot be in TV anymore.
So decided to make a last chart and give you a hint.
First of all I am not a trader, because I have very poor knowledge about technical trading nor I have it about fundamental trading. So I don't consider myself to be a trader. Because I have no idea about how trend lines should be used, what is patterns, ABCD legs etc.
I am mathematician and spent a lot of time to learn mathematics, and when I started to understand and learn mathematics on quant level I saw a lot of interesting things about fibonacci. I started to look at it in different way.
All my trading calls and targets are set only using fibonacci absolute retracements. Then I invented a so called transitions, and Fibbs together with them drops a dynamite.
The thing is that Drawing fibonacci from H to L or Vice Versa is not that good. It is working of course. But you can get a lot better retracements and targets by using it in absolute way not drawing from H to L or VV.
You can get the point what I mean " Absolute way " only if you study quant maths, then you will see it.
Things that you should learn:
What is:
Perpendicular Bisector
Algebraic Sum formula
Linear Factorization
You can apply these 3 on Fibonacci tool and when you start to divide fibonacci numbers ( Yes you heard it right ) this is how you use fibbo in absolute way. But these 3 things above can help you more.
To find Transitions on chart
study about:
Binomial distribution
You know me saying BL12 BL4 - these are transition types. Each have their own nuances.
BL = Binomial Line.
Once you have that all, you will see the chart in different light!
I am sure about that.
I tried to apply this knowledge on long term trading calls, failed hard, maybe some day I get the right formula for that and the right pivotal sentiments. But on the other hand, why should I.
And a quick insight of what to expect on gold.
1230 is a must.
1223 is a probability.
If gold opens and first move after opening is down to 1230 right away, this could be a bull and not good for sells.
If gold opens and first move is up to 1235 without reaching 1230, I would be glad to seel for targets 1230 > 1223.
Either way looking for 1223 to be tagged.
So, good luck and all the best.
Got this type of a question today a lot after saying that I dedicate my time to other things now so cannot be in TV anymore.
So decided to make a last chart and give you a hint.
First of all I am not a trader, because I have very poor knowledge about technical trading nor I have it about fundamental trading. So I don't consider myself to be a trader. Because I have no idea about how trend lines should be used, what is patterns, ABCD legs etc.
I am mathematician and spent a lot of time to learn mathematics, and when I started to understand and learn mathematics on quant level I saw a lot of interesting things about fibonacci. I started to look at it in different way.
All my trading calls and targets are set only using fibonacci absolute retracements. Then I invented a so called transitions, and Fibbs together with them drops a dynamite.
The thing is that Drawing fibonacci from H to L or Vice Versa is not that good. It is working of course. But you can get a lot better retracements and targets by using it in absolute way not drawing from H to L or VV.
You can get the point what I mean " Absolute way " only if you study quant maths, then you will see it.
Things that you should learn:
What is:
Perpendicular Bisector
Algebraic Sum formula
Linear Factorization
You can apply these 3 on Fibonacci tool and when you start to divide fibonacci numbers ( Yes you heard it right ) this is how you use fibbo in absolute way. But these 3 things above can help you more.
To find Transitions on chart
study about:
Binomial distribution
You know me saying BL12 BL4 - these are transition types. Each have their own nuances.
BL = Binomial Line.
Once you have that all, you will see the chart in different light!
I am sure about that.
I tried to apply this knowledge on long term trading calls, failed hard, maybe some day I get the right formula for that and the right pivotal sentiments. But on the other hand, why should I.
And a quick insight of what to expect on gold.
1230 is a must.
1223 is a probability.
If gold opens and first move after opening is down to 1230 right away, this could be a bull and not good for sells.
If gold opens and first move is up to 1235 without reaching 1230, I would be glad to seel for targets 1230 > 1223.
Either way looking for 1223 to be tagged.
So, good luck and all the best.
Comment:
Was away for couple days, came in just to follow up on this and received some hate from holly grails ( we have a lot of them ). Yes you are right my Son this trading is absolute garbage my friend you are totally right. I am still trying to become such professional like you all are but I am struggling very hard and have to deal with it.
I know that on your level of trading once you open sell gold drops once you open buy gold shoots up, damn I would like to master it, and would pay you millions if you could teach me.
I have never been an entry master, and I have no big faith in my entries but I have faith in targets produced.
Sometimes I don't know the sequence of them, all I can know is that they are achieved.
And this is where I turn on patience.
I had that 1242 on radar way before:
postimg.org/image/rhl9y0sxr/
But well it came just now.
So All I need is patience when being this much and more down:
postimg.org/image/6a8voqfpb/
To a little bit better now:
postimg.org/image/9a5wo8eft/
And I know the gold hit the target and problem will be solved.
Because for Monday setup and trading plan looks very good, and plenty to come.
Like my good friend tells me - Money management solves any problems.
As well in 8 trading days I was able to accumulate 4.2k net profit on 14k account that I share the investors login with, and plenty more to come, and I always can't understand why all those pro's aka ( I told you.. ) guys.... only talk but can't come up with the same. Why scared to show your trading table!?
This is just a follow up on the last idea...
Have a good one brother!
All the best!
I know that on your level of trading once you open sell gold drops once you open buy gold shoots up, damn I would like to master it, and would pay you millions if you could teach me.
I have never been an entry master, and I have no big faith in my entries but I have faith in targets produced.
Sometimes I don't know the sequence of them, all I can know is that they are achieved.
And this is where I turn on patience.
I had that 1242 on radar way before:
postimg.org/image/rhl9y0sxr/
But well it came just now.
So All I need is patience when being this much and more down:
postimg.org/image/6a8voqfpb/
To a little bit better now:
postimg.org/image/9a5wo8eft/
And I know the gold hit the target and problem will be solved.
Because for Monday setup and trading plan looks very good, and plenty to come.
Like my good friend tells me - Money management solves any problems.
As well in 8 trading days I was able to accumulate 4.2k net profit on 14k account that I share the investors login with, and plenty more to come, and I always can't understand why all those pro's aka ( I told you.. ) guys.... only talk but can't come up with the same. Why scared to show your trading table!?
This is just a follow up on the last idea...
Have a good one brother!
All the best!
Refer to My previous Idea GOLD / #LOVEGOLD.
We were looking for target 1229.
I made this update that you can find there:
postimg.org/image/oeturl8q7/
But now look at the chart at that moment 1222.5 did not come and gold go up to 1229.