AlphaDreams

AlphaDreams Updated 

Overall, I still see EW taking us lower. We are currently in an intermediate upward cycle from 1315-8 to 1327-9 before it takes us to new lows. I'll post lower timeframe charts below as we have a bull run until back on track for bear. BULL: now, 1315/18 to 1327ish. BEAR: after that target reached or close, we'll head back south 1310, first part of wave 5 complete.

AlphaDreams Updated 

Just for reference. Make your own decisions.

AlphaDreams Updated 

Where are we looking at the 1 month chart? Keeping this in mind while trading can help you make long-term decisions. Monthly is typically used for long-term investors but are useful to traders to know where we are on a larger wave time frame. Again, not a trade. Hope it helps.

AlphaDreams Updated 

D is now complete. Entered trade with 1 lot, added 1 more at 1314. TP 1 - 1322 TP 2 - 1331 TP 3 - 1344 (for @uadog)

AlphaDreams Updated 

Waiting to complete D. Once complete looking for 1326, over 1329 we'll continue higher. If it pushes lower past 1300 a run higher is invalid and I'll be looking for 1297.

AlphaDreams Updated 

I, as many, were waiting for lower numbers to be reached with gold. I am bad at closing when full targets not met so I'm posting this to keep me on point while gold may retrace before completing. The funny thing is that I'm expecting a retrace after, of course, when the pattern does complete. So, I'll check my math since it's always a bit off here in TV but...

AlphaDreams Updated 

Is gold going to range before getting to a larger channel or break much lower before it climbs. This shows a short-term trade I'm currently in but it's mainly so I can keep a bigger picture view moving through the next few months through elections and the end of the year, start of new year.

AlphaDreams Updated 

USOIL shows bearish gartley H4 TP1 43.2 TP241.67 SL 46.6

AlphaDreams Updated 

Bearish Bat. Two formed on M15 one with lower entry and that is what looks like is happening. TP1 1343 TP2 1339 SL 1354 Entered trade at 1354.7 GC or 1349ish.

AlphaDreams Updated 

Tight stop loss makes then one easy to try. If D reached and completed, I'll enter short at 1354. Stop loss at 1356, if the bull runs. TP1 1345 TP2 1340

AlphaDreams Updated 

Entered trade at 19.7 Looking for 19.95 TP1 and 20.15 TP2

AlphaDreams

I am watching, as many are, the current US indexes and their recent all-time highs. We've hd record day independently but Friday they all hit new highs. People I know are shorting SP500, buying gold like crazy, etc. but though this is an epic day, it might not be done climbing yet. Now, I agree that things will reverse. But it's a matter of when that will secure a...

AlphaDreams

Buy gold when the U.S. dollar crosses below its 7-week EMA and to sell gold when the dollar crosses above its 7-week EMA

AlphaDreams Updated 

There was a final push at the end of Friday's large decline that kept killing my scalps for gold to go back up. Bad for the scalps but it did push it down enough to validate, in my calculation, the final leg of the bat formation. Now, I'm looking to retrace to the Fibo .382 mark with a target of 1352. This is my first bat and retrace trade to post so I'm only...

AlphaDreams

We didn't break the upper trendline and came down to break through the smaller TF lower trendline to find more buyers. Indexes continue to drop so we'll watch where gold finds ground to push from. Either 1370 or if it needs more buyers and better timing (the end of the week maybe with new economic press) we'll hit 1350 before higher targets.

AlphaDreams Updated 

I waited for some type of direction tonight but nothing. We'll see how rates reports have an affect if any in the morning. Typhoon in China kept volume low. I'm waiting to higher or lower entries in either direction. It needs to move down to gain strength to push higher rather than weak movements. Buyers need to feel they have a true opportunity and with the US...

AlphaDreams Updated 

Many of us have watched as Yellen and others give indications to US rate hikes and how/when they should help the economy. Japan has waited even longer for their rate decision. In gold we've seen spikes, pullbacks and consolidation but the night is upon us in the US and the day has come overseas. Let's see how it plays out. I'm basing FIBO off of lows and highs,...

AlphaDreams Updated 

It's easy to get caught up in the news. I learned the hard way a few times that having a bigger plan is crucial rather than trying to chase the outcome of news events. But with care trades can be made whether it's scalping, trend-trading or ranges. This isn't a trade but just a bigger perspective we can reflect upon afterwards. I'll append close-ups below...