Simple Idea, never expect a fancy chart with x-mass tree on it. My charts are crap since I am not talanted artist.
But in most cases the crap is better than fancy.
Some people noticed me using JAFR, and I got questioned a lot. And yes the answer is all my strategy is built on JAFR. JAFR uses different way to draw Fibonacci, because it is used in absolute way where drawing Fibonacci tool on your chart from H to L or vice versa is incorrect. Software you see in screens I post is built only on JAFR.
Some people that read this article can pick it up and understand what is the formula behind it, but it is only 1 out of 10000 at best.
Remember that Price that you see on charts is something more than just a price.
Now let's move on to the idea.
I turned here, and I invite you to buy cheap baby bulls at 1252 or 1246, the thing is you may not get it cheaper.
In this idea, I totally forgat that we had a spike down already to 1241, based on JAFR you always count of the 7 constants from targets to say it is met. Since my target was 1238, based on JAFR we can say that since gold was at 1241 it can be counted as reached, so I am just saying that 1338 is not a must for me anymore to start buying.
Wave 6 dynamic floating TP 2 was 1237 yesterday, but with this Low 1249, floating points exit wave 5 and create bottom, now we have 0% 1246 together with wave 6 bottom 1244. So levels come together to create Swing bottom.
Plus all of a sudden Current gate along with triggered zone become 1252. as well Trend Identifier @50.
Market heading point lowest level lining up with all stated above:
My plan is simple, I will take little short from Transition levels to 1252,1250 area, where I buy Cheap Bulls at a discount price.
Transition levels are at 1256 1254, maybe even it is not worth selling, this small move, but I will.
If you buy, don't freak out if we see 46.. I add if Gold makes it there.
If you don't like this idea, no Cheap bulls for you dear!
See you on Europe session open.
I won't be on during Asia.
I like the fact that my followers account is recovering.
Small sell, and then buy limit.
Just woke up to close the trade. 61 is strong!
Small sell - profited.
Bull - Profited
Again sell - Profited,
Now buy - hopefully 4th round works too.
This is how swing trading works guys and gals!
Whole week was amazing so far.
Tomorrow we hope we get signal on Yellen speech and know the direction, so we end up this week with all trades in the money!
I put my TP there, and maybe even will go for sell from there, who knows, will see.
Be ready for some bottom buying here.
What bottom buying means is, we open BUY at the bottom, and keep it longer, and add buys on each breakout, and close it all at the top when time comes. Your equity is skyrocketing this way.
Floating waves creating bottom structure, wave5 floating upside, it is signaling a turn.
Don't freak out!
60 level failed. After Transition test it had to go up, and it cannot come below 58. It did come below 58. Please close this trade. We will have more to come tomorrow!
Today I am done, I had good calls, and nice daily trades. Tomorrow new swings come, and we will trade both events - Retail Sales and Yellen speech live, HFT is fixed.
This is it from me today, no trades will be taken!
Waiting for NY close.