Here is my warplan on the 4 hrs chart for the next few days.
First of all Monday is holiday in the USA so I dont expect too big volume or big things to happen tomorrow on the market.
If some extra stuff is happening it will happen today. This is just the perfect date for gold to bounce on low volume for 4-5 days.
If the US dollar is starting to weaken for a few days it will be the perfect opportunity for gold to make a mini rally.
Most of the bulls will think that we are running to new highs again so they will start to long gold like crazy. So all the fighters who went long with me in the trade idea yesterday will be watching this rally in the first row.
But as we reach the 50 EMA - most probably this is the point when I would like to sell my longs to the late bulls - we say goodbye to the bull brothers and start to short this rigged market in the hope of the ride in the panic selling stage.
The tag of the 50 EMA is the perfect spot where one could add to the short positions or enter a short trade.
If the rally will be too strong I might change this short exit and long open point. Now the 50 EMA seems to me the perfect point but it could change.
I will set this idea as a long trade. But these gold trades are getting so complex that i would like to set :
long for 4 days and short after tagging the 50 EMA - but that's not possible
The good point to enter this long was when I posted the trade idea. Now it's a bit late. If you want to trade this, trade with small money. The big money will be at the panic selling.
So please don't ask me on Monday is it good to enter a long now. :)
I will post a few updates here in 5 minutes wich are interesting.
First of all Monday is holiday in the USA so I dont expect too big volume or big things to happen tomorrow on the market.
If some extra stuff is happening it will happen today. This is just the perfect date for gold to bounce on low volume for 4-5 days.
If the US dollar is starting to weaken for a few days it will be the perfect opportunity for gold to make a mini rally.
Most of the bulls will think that we are running to new highs again so they will start to long gold like crazy. So all the fighters who went long with me in the trade idea yesterday will be watching this rally in the first row.
But as we reach the 50 EMA - most probably this is the point when I would like to sell my longs to the late bulls - we say goodbye to the bull brothers and start to short this rigged market in the hope of the ride in the panic selling stage.
The tag of the 50 EMA is the perfect spot where one could add to the short positions or enter a short trade.
If the rally will be too strong I might change this short exit and long open point. Now the 50 EMA seems to me the perfect point but it could change.
I will set this idea as a long trade. But these gold trades are getting so complex that i would like to set :
long for 4 days and short after tagging the 50 EMA - but that's not possible
The good point to enter this long was when I posted the trade idea. Now it's a bit late. If you want to trade this, trade with small money. The big money will be at the panic selling.
So please don't ask me on Monday is it good to enter a long now. :)
I will post a few updates here in 5 minutes wich are interesting.
Comment:
ZOOM
Comment:
Dollar is leading.
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Message for SHORTS:
Guys don't freak out that I'm long now. More and more followers are coming and I try to offer them short term trades and later they can join us the big panic selling party. If I tell them to go short they would be in a loosing position. SO I tried this short term trade idea with the long and the DCL.
And it worked. This long bounce will be a weak one. We are just spies between the bulls and will jump out at the top of the bounce.
Guys don't freak out that I'm long now. More and more followers are coming and I try to offer them short term trades and later they can join us the big panic selling party. If I tell them to go short they would be in a loosing position. SO I tried this short term trade idea with the long and the DCL.
And it worked. This long bounce will be a weak one. We are just spies between the bulls and will jump out at the top of the bounce.
Comment:
If we take out the lows (1217-18) the DCL has fallen.
Then we go lower and have a lower DCL. And a bounce from there.
Gold is tryineg to confuse us. Small bounces like this are very hard to trade in gold.
Simply toooooooooo volatile.
Time is the key : it was a very long daily cycle. Time is on the DCL side - I mean the DCL was yesterday...
Watch the EurUsd. It's doing fine we tested back the breakout.
Then we go lower and have a lower DCL. And a bounce from there.
Gold is tryineg to confuse us. Small bounces like this are very hard to trade in gold.
Simply toooooooooo volatile.
Time is the key : it was a very long daily cycle. Time is on the DCL side - I mean the DCL was yesterday...
Watch the EurUsd. It's doing fine we tested back the breakout.
Comment:
Thats why I told the short not to freak out. Small bounce and we will sweat blood to make money on the longs now.
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Gold is pinned down...
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I closed all my gold shorts in the hope of the DCL.
ANd half of my DUST positions
No stop run at the lower low.
ANd half of my DUST positions
No stop run at the lower low.
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Notice the divergencies on the 4 hrs chart
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Just noticed that we amost tagged the 3rd level at the end of the 3rd wave.
Comment:
3rd wave done we tagged the 3rd level.