for day trades use a day trade trigger.. for swing trades we need to see that 8 cross below the 34 to fire off again..This zone as long as we hold and trigger were shooting for targets to the upside again which takes you to 64 and 66. again NO TRIGGER NO TRADE
Lets take a look at gold.. Always remember unless the zone breaks the trades still valid.. golds taking the scenic route.. so will see what this ends up wanting to do.. but bias is of course still up into 1600 or until we takeout the daily zone. Always remember not all trades are gonna work.. its part of the game
These are the new key levels to focus on. NO TRIGGER NO TRADE..just like always..SETUP+TRIGGER=TRADE ENTRY..AND THEN YOU MANAGE. Were traders here.. we dont try and predict the markets..we just trade the trend and play the pull backs within that trend. Sometimes they work sometimes they dont.. we just wanna control our risk and let the markets decide whats next.
oil does have support at this last low with timing cycles coming in. move into hurdles (that box) is the first target and if we can clear that 60 bucks is the second target. Stops always go below the zone. ALWAYS know when your wrong a trade.
Alright well failing here isnt good. I thought wed clear this. Gold may be consolidating in a bigger range for a little bit now if we cant clear this in the next few trading days. This is the first sign of some kind of high being in place. Will see how this plays out. Stops at break even
screencast-o-matic.com ignore the chart.. this was the only way i could post the video..... This was for my trading room... basics of symmetry. Gold does have support here so watch for triggers but its not the point of this
If anyones looking for something that keeps them on the right side of the market..is very objective... and tells you where to buy all in one.. thats the wave.. its very simple... its the 3 EMAs.. the look back is 21.. But ones on the high... low... and then close.. it creats a wave like you can see and over time ill teach how to use it. I can assure anyone that...
This is my next gold setup... IF WE DONT COME DOWN TO IT, I WONT BE INTERESTED I DONT CHASE... I WAIT FOR PULL BACKS OR I DONT GET IN
NO TRIGGER NO TRADE!! This is how i run symmetry.. youll find that a lot of corrections are similar in size... break of symmetry is the first sign of a trend change..very objective ..no subjectivity