Can you Trust the Line?
On original Chart, you can see one version.
Let's see other Version.
Everyone will have his own opinion and reasons why it has to be drawn different.
And everyone will have his own opinion whether the magic line is broken or not.
What I am looking at is 2 targets.
We completed first one, almost about to complete 2nd one, and hopefully complete the 3rd one.
prnt.sc/ffrdmt
But now In game 1251 - 1257 has joined to serve as a target for gold.
prnt.sc/ffre84
In past, I usually had troubles with these targets, because once I got one, I jumped straight in for it and had to sit in DrawDowns.
If you are following for longer time you know it.
As well you do know that all these targets always were reached.
Lately, I started to study the cycle for these targets ( time wise )
And usually, It is around a month. Basically, That means ( most of the time ) If I would now jump in sell for Target 1257 and 1251, there is 90% chance I would suffer DD for approx next 2 - 3 weeks. Meanwhile, I have the 1307 and it is around month still unseen and should be reached soon enough.
So To create little less MESS I will imagine there is no Magic Line, that every 2nd one count's to be broken and every 3rd one says it is not ( lol )
I do think we could climb up reaching 1307. And then on Intraday levels Look for a possible reversal.
Another possible scenario is that Magic Line 1285 which is our 2nd target, is reached and Gold is rejected down to Visit 1257.
I cannot know.
Anyway: For Buy at 1229 SL is moved to 1240. For Buy at 1233 SL is moved to 1240, for Buy at 1263 SL is moved to BE.
P.S Funny enough if Gold goes up and reaches 1307, or it doesn't matter what exact number it reaches when it comes back to reach 1257 ( And it will do it ) that means Magic Line get's Broken Down again? 6 Years we could not break it up and then once we do it we again break it down? Oh, my.
Let's see what's up with Gold.
Waiting for 1285 - 1307.
When Gold hits 1285 and Intraday Levels suggest a Bear I will Sell without closing 1229 and 1233 positions but closing just 1263.
Good Luck.
On original Chart, you can see one version.
Let's see other Version.
Everyone will have his own opinion and reasons why it has to be drawn different.
And everyone will have his own opinion whether the magic line is broken or not.
What I am looking at is 2 targets.
We completed first one, almost about to complete 2nd one, and hopefully complete the 3rd one.
prnt.sc/ffrdmt
But now In game 1251 - 1257 has joined to serve as a target for gold.
prnt.sc/ffre84
In past, I usually had troubles with these targets, because once I got one, I jumped straight in for it and had to sit in DrawDowns.
If you are following for longer time you know it.
As well you do know that all these targets always were reached.
Lately, I started to study the cycle for these targets ( time wise )
And usually, It is around a month. Basically, That means ( most of the time ) If I would now jump in sell for Target 1257 and 1251, there is 90% chance I would suffer DD for approx next 2 - 3 weeks. Meanwhile, I have the 1307 and it is around month still unseen and should be reached soon enough.
So To create little less MESS I will imagine there is no Magic Line, that every 2nd one count's to be broken and every 3rd one says it is not ( lol )
I do think we could climb up reaching 1307. And then on Intraday levels Look for a possible reversal.
Another possible scenario is that Magic Line 1285 which is our 2nd target, is reached and Gold is rejected down to Visit 1257.
I cannot know.
Anyway: For Buy at 1229 SL is moved to 1240. For Buy at 1233 SL is moved to 1240, for Buy at 1263 SL is moved to BE.
P.S Funny enough if Gold goes up and reaches 1307, or it doesn't matter what exact number it reaches when it comes back to reach 1257 ( And it will do it ) that means Magic Line get's Broken Down again? 6 Years we could not break it up and then once we do it we again break it down? Oh, my.
Let's see what's up with Gold.
Waiting for 1285 - 1307.
When Gold hits 1285 and Intraday Levels suggest a Bear I will Sell without closing 1229 and 1233 positions but closing just 1263.
Good Luck.
Comment:
Just 15$ away. So close and so far at the same time!
Comment:
I was checking Parent Nodes to Get validations.
1251 become invalid.
1257 is valid and there is 1268. How I got that I will explain in next post. It is sensitive for gold to hit 1307 in order for 1268 to activate. Let's see.
1251 become invalid.
1257 is valid and there is 1268. How I got that I will explain in next post. It is sensitive for gold to hit 1307 in order for 1268 to activate. Let's see.
Comment:
1257 become confirmed based on Analysis.
We have more steps to do it, but 1257 will be a target. Don't take my word for it, let the chart speak for it sooner or later.
I have calculated Entry ranges.
But if we hit 1307, based on pivotal movements we need to hit 1305 afterward's, in order to activate Closing 1M 113.
prnt.sc/fgm37n
Watching like a hawk.
Been a long time in this run and start to get nervous willing to close all positions finally, but let's see.
We have more steps to do it, but 1257 will be a target. Don't take my word for it, let the chart speak for it sooner or later.
I have calculated Entry ranges.
But if we hit 1307, based on pivotal movements we need to hit 1305 afterward's, in order to activate Closing 1M 113.
prnt.sc/fgm37n
Watching like a hawk.
Been a long time in this run and start to get nervous willing to close all positions finally, but let's see.