IvanLabrie
Short

Gold: Monthly downtrend and wave count

FX:XAUUSD   Gold/U.S. Dollar
a year ago
I decided to expand on my gold             analysis with the help of rgmov and neowave concepts.
I think that the monthly downtrend is still valid, and that we will visit the projected target at 913.82 in time, which might validate the wave count on chart.
I entered a pending order and got filled for a short at 1129.15, and SL at 1140.56, and also entered a sell stop at 1116.32, and SL at 1156.66. My 3rd pending was a limit sell at 1134.85 but didn't get filled yet (same stop as the 1st at 1140.56).
The optimal entry was highlighted in my previous publication, a short at the top and SL at 1171.89, which I sadly missed!
I'll update this publication with the daily chart as we progress.
I've been discussing these ideas with @look4edge, @ncoulb1, @sokow and @jangseohee. Make sure to check out their works.
Feel free to comment to enrich this discussion, and good luck if going short!
Ivan.
a year ago
Comment: I'm tempted to invalidate the count here, but not sure yet. Conflicting information between timeframes.
11 months ago
Comment: On track.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
VRShaiju
a year ago
Your labeling seems like you are wrong. I am EW trader trading only gold for last 4 years. The down trend should finish temporarily by mid of Sept.
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IvanLabrie PRO VRShaiju
a year ago
Please enlighten me. What's your current wave count here?
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VRShaiju IvanLabrie
a year ago
I will share a partial view Let me attach it
snapshot
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VRShaiju VRShaiju
a year ago
This is a bit old chart. We are in Down trend for another 7 years. But this is the only option I found Gold to be bearish for another years to come. TP- 600-300
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IvanLabrie PRO VRShaiju
a year ago
I don't use EWI school Elliott Wave labeling, that's why you think it's wrong.
It's a neowave interpretation in my case (a humble attempt, based on Glenn Neely's work)
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VRShaiju IvanLabrie
a year ago
Could you delete my Reply..:) So this will miss lead the students of EW :). It's my mistake
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IvanLabrie PRO VRShaiju
a year ago
What do you mean? Didn't quite get that.
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afzq VRShaiju
a year ago
yes after crossing bright chance for 1531
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snapshot


(You can't read the rgmov comments in the publication for some reason)

Daily view:

snapshot
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VRShaiju IvanLabrie
a year ago
How you find out (v) truncated? There is no reason to be truncated in a bullish trend? And we got Exactly @1920. Same way We stopped @ 1320 and $1180. I have full count from $300 to $1920 I paid for it. As of now we are in the mirror of the count which I am trading since 4 years. I cannot agree with this as EW count. Sorry.!
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IvanLabrie PRO VRShaiju
a year ago
You will never agree with it unless you use neowave, that's why.
Truncated fifth completing the expanding terminal impulse on chart, which ends a long term uptrend in gold. It's Glenn Neely's count up to that V. and the A down.
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VRShaiju IvanLabrie
a year ago
thanks for letting me know that. Its my mistake. Could you please delete those comments which is really miss leading neowave followers. Sorry
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forker PRO
a year ago
Ivan

Have the same direction.
Good for my confidence your TA §8-)

snapshot
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IvanLabrie PRO forker
a year ago
AR line there is interesting. Andrews material is really fascinating, seems like voodoo at times.
All these contemporary guys have interesting methods, Gann, Andrews, R. N. Elliott...
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forker PRO IvanLabrie
a year ago
LOL...voodooo §8-))

If you want to know more Ivan, her's a Basic Course i've created...it's raw and best, it's free ;-)

Have to go over the wordings etc..
I will add more content in a later course with videos etc.

Give it a try and PM me what you think if you like it:
http://mytradingcoach.usefedora.com/
Reply
look4edge forker
a year ago
very nice course, indeed, thumbs up, thx many times
+1 Reply
forker PRO look4edge
a year ago
Appreciate your feedback, thanks.
It's raw now...i plan to add much more...

enjoy and just ask if you have questions.
+1 Reply
look4edge forker
a year ago
got a script by Patrick Mikula The best trednline methods of Alan Andrews...

maybe not good to place, but a have seen you are doing "secondary" forks - here spx lower fork, looks interesting, is it showing sth. reliable?
snapshot
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look4edge look4edge
a year ago
btw. wl1 line of original fork was very effective, broken ytd
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forker PRO look4edge
a year ago
Sorry look4edge - dont get it.
I never heard of secondary forks...do you mean the reverse/pullback forks?

Pls. clarify so i can help you with this. ;-)
+1 Reply
d-e-f-l-a-t-i-o-n
+1 Reply
forker PRO NickCoulby
a year ago
Nick - beware of thoes words §8-))
+1 Reply
Here's Glenn Neely's count on which I molded mine, and added the extra analysis elements from time at mode: https://www.neowave.com/audiointerviews/20130801/6monthlyGOLD.pdf
You can read more about it at his website, if you browse the interviews. Some really great material there.
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forker PRO IvanLabrie
a year ago
TNX, will have look.
+1 Reply
snapshot


Placed pending sell stop, weekly and daily aren't 100% bearish yet, once we cross this level price might accelerate further and we can look to trail stops as we march towards the time at mode target at 913.

Entry: 1116.14
SL: 1156.51
TP: 913
Risk: 1%
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Two inside months so far, no bearish continuation in this timeframe yet.
This timeframe would appear neutral right now.
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dingying85 IvanLabrie
10 months ago
Gold indeed rise to your target 1150, could I short gold miners?
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IvanLabrie PRO dingying85
10 months ago
I'm short gold, gold miners, I'd have to check the chart.
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Comment removed
IvanLabrie PRO Deleted
a year ago
What's your agenda Dear Creep?
Go through my pastebin link in my profile..I can see the brilliance of your technical analysis in your publications by the way.
I'm humbled.
Reply
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