I uploaded Weekly Average calculation analysis on Youtube, my youtube link is in description, go check it out.
By Average calculation ( 5 H / 5 = 5 L / 5 = 5 C / 5 = ) I get 1270.00, that wouldn't be so bad at all.
But be very carefull with 1257-1258. If this not broken, we can get down to 1238 in no time.
I will update my trades here, as well you can find login credentials in my website for real trading account, so you can see what I take and where I close 24/5
With the fact that Chinesse is back in the game, and US is going for Holidays, as well Average suggesting 1270, I think we may get back to 1300 area ( we never tested it after we broke it ) I guess they where in big rush with dumping the contracts on October 4.
For now I may buy on opening, but will see what the open price will be!
Don't be surprised to see gap!
Trade with care!
P.S Test Prophesy skills for Wednesday
I would love to have such friends too! My @$$ would be always covered!
1270 is uber strong for dynamic cycle. If we break that and enter 1300, static cycle starts again with tg 1330 then 1350.
Take a look - https://postimg.org/image/4wlganoqz/
BE UBER carefull with 1264.
At first glance it may look like a glitch, all 3 showing 1264, but it is because of extremely strong area that this level has become here!
I saw the same thing on October 4 when massive sell of happened!
I will close all my buys, every single of them there and go for a sell from there!
Because if this bad boy is going for another leg down to 1227.. I don't want to miss that!
Of course SL on the sell, because if we get over 1264 it's fine!
Debates live too!! Be carefull!
Place BE for those who are with me!
I am 21 lots sell on this!
Let's see what happens wednesday on FOMC when we trade it live!
I think that if Gold goes back to that 55 again it will smash it.
Holding the sells here. In no 100 years I will be buying under 64!
64 is strong as crap..
London was the main gold seller..
They may make it even more cheaper for China!
Mid term idea
Expect a pop! But don't get too excited in general below 72!
It is boring when it just goes up or down.. it is nice to see such active fight between em bulls and bears! Love it or Shove it!
Nearly all the systems use indicator to examine past trends and price actions that determines the next buy or sell. But, this system treats each month as a new period, where old supports as well as resistances should not be reused. In this system, each pair has a unique frequency, so the same calculation cannot be applied for other pair in dissimilar month.
At the end of each month, it can only be calculated to establish the phase for next new month. Every phase is stable which is comparable to the physics perception of wavelength and is using a permanent fibonacci distance 0% to 100%.
And later 2.618% at this point bulls will be in trouble.
NY may do it.!
If it is above 1258 most likelly we get sell setup for tomorrow, if below 1258, buy setup