GOLD / Comprehensive Intraday Analysis / FOMC Edition
Hello, guys! This one will be very Comprehensive because I will not be able to be in front of chart tomorrow especially during the FOMC.
First, 1270 mentioned before! I now say based on my analysis that 1270 is trashed from my view!
Or should I make a louder statement? Okay - The Death of 1270! Does it sound better? lol
When it comes to my trading, it is very dangerous because I need super right price feed data!
For example, I don't know what source Tradingview charts use for Price feed, but this price ( High, Low, Close, Versatile Pivot Lows, and Highs and other prices I need ) is the worse I have ever seen in my life when it comes to trading. If I would use Tradingview price feed for my calculations I would blow my account in no time just because Artificial intelligence would display me absolutely different levels. If High of the previous day is 1310.18, the low of the previous day is 1303.67 and close is 1305.70 I get one picture for the next day, but if High is for example 1310.20 ( 2 cents higher ), Low is for example 1303.66 ( just 1 cent higher ) and close is for example 1305.64 ( 6 cents lower ) I get absolutely different levels and projections for the next day!
I did a lot of analyses about 1276.6 and was it really broken that day ( Friday ) and I came to the conclusion that it was not! I trust my Price feed provider more than anything else because while programming all my trading calculators and finding dynamic pivots in the market I used only their price feed ( won't name the company ).
They display the L that day was 1276.38 and that means there was no break of 1276.6 by 1$
So I am scraping out 1270 from my trading book!
Now about the current view!
I have gone through all levels since 1357 on intraday basis ( yes I have a time machine :D )
Let's start by the highest level!
Monthly key level 1354 was broken and Versatile Pivot tag targets were given - 1359 / 1364 / 1369 and 1374
Some days before there was a series of Versatile Intraday Pivot Tags and it creates series of next Versatile Pivot tags, which did not arrive, but should.
But there was no continuation!
Versatile Pivot Tags - Break of Dynamics - Versatile Pivot Tags, to complete the inversed intraday L P C math pattern.
Next, 1348 Tendency Pivot ( 1348 D3 with Sub pivot on Top ) not reached! And accumulation calculations show a bullish tendency.
Next, Do you remember the day we sold 1334? By Sub Pivot analysis there was 1332.01 sub pivot that corresponded to 1339 ( 2 weeks mathematical cycle pattern )
So after break in 2 weeks should tag the H sub pivot ( which is 1339 in this case )
Next, 1322 the unreached Tendency Pivot on Monday. do you really think Gold can afford to not reach it? I don't think so!
Next, We all know this week is important, as well does the market itself. So the first move down in this week, especially on the key level of the month is healthy for Bulls.
This part is done ( I will not count everything, there are other small things like sentiment pivot breaks up n down that creates sequence ) but everything stated above is called - Sentiment. It is great to stick the puzzle together to know a general sentiment.
I am not falling in love with something, I am just making an educated decision here.
Current day - Today the tendency pivot and sub was 1309.2 and 1309.5 after recalculation next sub was 1310.1
Didn't break them and went down, with massive exhaustion signs. Was not even able to tag 1304.
I will make intraday post after the close because I need more time to calculate it all and provide you with all pivots and levels to watch out, as well I will explain why I have SL moved to 1298 and what are the reasons for it.
One of the reasons for it is the fact that I will not be able to even look at the chart the whole day, I will have the first look in it only like 1 hour after the FOMC. So there is no way I can intraday trade it.
About other reasons - after the close today!
First, 1270 mentioned before! I now say based on my analysis that 1270 is trashed from my view!
Or should I make a louder statement? Okay - The Death of 1270! Does it sound better? lol
When it comes to my trading, it is very dangerous because I need super right price feed data!
For example, I don't know what source Tradingview charts use for Price feed, but this price ( High, Low, Close, Versatile Pivot Lows, and Highs and other prices I need ) is the worse I have ever seen in my life when it comes to trading. If I would use Tradingview price feed for my calculations I would blow my account in no time just because Artificial intelligence would display me absolutely different levels. If High of the previous day is 1310.18, the low of the previous day is 1303.67 and close is 1305.70 I get one picture for the next day, but if High is for example 1310.20 ( 2 cents higher ), Low is for example 1303.66 ( just 1 cent higher ) and close is for example 1305.64 ( 6 cents lower ) I get absolutely different levels and projections for the next day!
I did a lot of analyses about 1276.6 and was it really broken that day ( Friday ) and I came to the conclusion that it was not! I trust my Price feed provider more than anything else because while programming all my trading calculators and finding dynamic pivots in the market I used only their price feed ( won't name the company ).
They display the L that day was 1276.38 and that means there was no break of 1276.6 by 1$
So I am scraping out 1270 from my trading book!
Now about the current view!
I have gone through all levels since 1357 on intraday basis ( yes I have a time machine :D )
Let's start by the highest level!
Monthly key level 1354 was broken and Versatile Pivot tag targets were given - 1359 / 1364 / 1369 and 1374
Some days before there was a series of Versatile Intraday Pivot Tags and it creates series of next Versatile Pivot tags, which did not arrive, but should.
But there was no continuation!
Versatile Pivot Tags - Break of Dynamics - Versatile Pivot Tags, to complete the inversed intraday L P C math pattern.
Next, 1348 Tendency Pivot ( 1348 D3 with Sub pivot on Top ) not reached! And accumulation calculations show a bullish tendency.
Next, Do you remember the day we sold 1334? By Sub Pivot analysis there was 1332.01 sub pivot that corresponded to 1339 ( 2 weeks mathematical cycle pattern )
So after break in 2 weeks should tag the H sub pivot ( which is 1339 in this case )
Next, 1322 the unreached Tendency Pivot on Monday. do you really think Gold can afford to not reach it? I don't think so!
Next, We all know this week is important, as well does the market itself. So the first move down in this week, especially on the key level of the month is healthy for Bulls.
This part is done ( I will not count everything, there are other small things like sentiment pivot breaks up n down that creates sequence ) but everything stated above is called - Sentiment. It is great to stick the puzzle together to know a general sentiment.
I am not falling in love with something, I am just making an educated decision here.
Current day - Today the tendency pivot and sub was 1309.2 and 1309.5 after recalculation next sub was 1310.1
Didn't break them and went down, with massive exhaustion signs. Was not even able to tag 1304.
I will make intraday post after the close because I need more time to calculate it all and provide you with all pivots and levels to watch out, as well I will explain why I have SL moved to 1298 and what are the reasons for it.
One of the reasons for it is the fact that I will not be able to even look at the chart the whole day, I will have the first look in it only like 1 hour after the FOMC. So there is no way I can intraday trade it.
About other reasons - after the close today!
Комментарий:
I'm one lucky bastard so far to remove BE from 1305 ( update in the last idea ) I sensed it.
Комментарий:
To answer some Q - this is how my chart looks like! Nothing fancy, just the indicator that shows me prices ( in rectangles ) that I need. And all are color coded.
prnt.sc/gn691l
:)
prnt.sc/gn691l
:)
Комментарий:
Wanted to take some minute to write you about www.itrader.com broker!
Never ever conduct any business with this broker!
Trading is money business, and it is important to have the right tools for running a business!
A buddy of mine entered ( by mistake ) sell at 1306 today! Then the other minute he realized the mistake and tried to close the trade, and guess what.
A message - Trading is Disabled, please verify option parameters and try again later!
Seriously? They never issued anything about Disabling trading today, and it is a clear technical problem! The trade is going against him, he is not able to close it ( we are not talking about micro lot trading. He has 15 standard lots in sell and every dollar higher is not pleasant thing to see ) Furthermore staff is not picking up the phone, live chat is off, no response to emails! This just shows what Itrader company, in general, is about! So never ever conduct any business with this company and save your money. Mark Itrader in your " red book " so when you search for a broker, you know what to avoid!
Never ever conduct any business with this broker!
Trading is money business, and it is important to have the right tools for running a business!
A buddy of mine entered ( by mistake ) sell at 1306 today! Then the other minute he realized the mistake and tried to close the trade, and guess what.
A message - Trading is Disabled, please verify option parameters and try again later!
Seriously? They never issued anything about Disabling trading today, and it is a clear technical problem! The trade is going against him, he is not able to close it ( we are not talking about micro lot trading. He has 15 standard lots in sell and every dollar higher is not pleasant thing to see ) Furthermore staff is not picking up the phone, live chat is off, no response to emails! This just shows what Itrader company, in general, is about! So never ever conduct any business with this company and save your money. Mark Itrader in your " red book " so when you search for a broker, you know what to avoid!
Комментарий:
We broke 1309.5 and 1310.5 :)
Комментарий:
Here come the intraday analyses.
As I won't be able to update here nor manage the trading.
Intraday seems to be pretty great for the bull!
We have a clear rejection at 1304 monthly key level!
and 1304 stays very strong for intraday as well.
First Bear exhaustion sign was yesterday when it reached 1309 1310 was not able to break it and was sent down but was exhausted to even test 1304... Lol
Here are the levels! for today.
Good thing is that we closed above 1310.6 that means phase points up.
Bad thing is that we have 1311 - 1312 region in front of us!
If we break 1311 the tendency will be up for the day! Then the next blocker is 1315. If we break 1315 we have a greater chance to see our unseen 1322.
Downside 1304 remains strong!
The first move I would prefer down to 1309.xx zone rather than first up to 1311 - 1312 zone.
On the way down we have blockers at 1308 then the big one at 1303 - 1304.
There is no need actually to type this all down as I won't be able to trade and update it all as we go! I just give you the levels to look for.
The reason why I put SL so far below at 1298 is that today is a hard day.
Gold will def make lows n highs and will do all kinds of fake surprises! It will be a hard day for those having tight stops. So knowing that I won't be able to monitor charts, and knowing that we have a FOMC day I choose wider stop at a reasonable level, rather than use a tight one!
Chances are big to start the day by moving up and reaching 1322. But for that break of 1311 would be a great start.
Everything stated in the description is just for the sentiment! As I think that we are to push up! And I trade what I believe in. If my stop is hit, that is fine! And if it goes down that is fine as well! As an intraday trader, I will have another day... But I will be happy for the folks that have sells at 1250 -1260 - 1270 as they will be able to get on the surface. But the sentiment for Bear is not that Good!
If Gold reaches 1322 my buddy will manage to move SL to BE for my 1305.21 entry! And if my Stop is hit I just lose a portion of profits I have made last week with intraday calls! Never be afraid to lose the profit! You didn't have it and it doesn't belong to you while in your broker account.
Other than that SL will remain at 1298. Beca\use break of 1298 means 1271.
#####
As I won't be able to update here nor manage the trading.
Intraday seems to be pretty great for the bull!
We have a clear rejection at 1304 monthly key level!
and 1304 stays very strong for intraday as well.
First Bear exhaustion sign was yesterday when it reached 1309 1310 was not able to break it and was sent down but was exhausted to even test 1304... Lol
Here are the levels! for today.
Good thing is that we closed above 1310.6 that means phase points up.
Bad thing is that we have 1311 - 1312 region in front of us!
If we break 1311 the tendency will be up for the day! Then the next blocker is 1315. If we break 1315 we have a greater chance to see our unseen 1322.
Downside 1304 remains strong!
The first move I would prefer down to 1309.xx zone rather than first up to 1311 - 1312 zone.
On the way down we have blockers at 1308 then the big one at 1303 - 1304.
There is no need actually to type this all down as I won't be able to trade and update it all as we go! I just give you the levels to look for.
The reason why I put SL so far below at 1298 is that today is a hard day.
Gold will def make lows n highs and will do all kinds of fake surprises! It will be a hard day for those having tight stops. So knowing that I won't be able to monitor charts, and knowing that we have a FOMC day I choose wider stop at a reasonable level, rather than use a tight one!
Chances are big to start the day by moving up and reaching 1322. But for that break of 1311 would be a great start.
Everything stated in the description is just for the sentiment! As I think that we are to push up! And I trade what I believe in. If my stop is hit, that is fine! And if it goes down that is fine as well! As an intraday trader, I will have another day... But I will be happy for the folks that have sells at 1250 -1260 - 1270 as they will be able to get on the surface. But the sentiment for Bear is not that Good!
If Gold reaches 1322 my buddy will manage to move SL to BE for my 1305.21 entry! And if my Stop is hit I just lose a portion of profits I have made last week with intraday calls! Never be afraid to lose the profit! You didn't have it and it doesn't belong to you while in your broker account.
Other than that SL will remain at 1298. Beca\use break of 1298 means 1271.
#####
Комментарий:
Hey, man, how you can trade using only mathematics!? Well simple answer, market moves are based on the psychological factor as we humans trade it. Greed, Emotions, Fear it's all the Psychological factor and human nature! The Psychological factor can be calculated with mathematics. Everything in this world has signs in math. and with math, we can explain a lot of things!
Hey man what exactly you use for trading! 90% Fibonacci and 10% pivots or aka divided Fibonacci's in other words! We have ordinary retracements and then we have sub retracements/pivots that can be gathered by dividing Fibonacci numbers so you get more retracements! Absolute ones I would say! It's all done with math again.
And who said that you have to draw Fib tool from H to L or Vice Versa!? that's fine but I am not doing that! Drawing Fib from H to L and Vice versa " after the fact " ...
It's all already in there, separated in phases.
Every month new phase chart!
This is how my Fibo chart looks like.
Fibos are already there! Why wait for some H and L to draw them?
It is there in phases! Each phase has rules and once entered into new phase it again works with the new phase.
Intraday trading for me starts from Yearly High Low Close!
I needed last years High, Low, Close to calculate Base Line for this whole year! Then to work for a current month I need previous month High, Low, Close to get Baseline for this month! Then Yearly Base Line and calculate the difference between yearly baseline and monthly baseline! Because the number I get after calculating the difference between yearly and monthly baselines is where the Fibo phases start. If the difference is 5.9$ then I know that first phase from Monthly baselines has to start 5.9$ above the baseline and phase itself cannot be longer than 59$.
Then to know the intraday I have to do the same actions get the difference from 3 lines and know where the phase starts for every day! And to get a more detailed intraday view is where I have to divide daily fibs.
No drawing from H to L or whatever.
It's all on the chart already, just have to find it. And again math can help!
If I would master the big Fibs and how to divide them correctly then I would be precious with long-term calls as I am with Intraday trading which is my element.
But I still don't know where is the mistake with it! I have good targets, but super bad entries, so that means long term I have a mistake in some calculations that I am exhausted to look for!
Much Love my flowers and I wish you luck today!
I have said it all, but the chart will speak for itself at the end of the day!
<3
Hey man what exactly you use for trading! 90% Fibonacci and 10% pivots or aka divided Fibonacci's in other words! We have ordinary retracements and then we have sub retracements/pivots that can be gathered by dividing Fibonacci numbers so you get more retracements! Absolute ones I would say! It's all done with math again.
And who said that you have to draw Fib tool from H to L or Vice Versa!? that's fine but I am not doing that! Drawing Fib from H to L and Vice versa " after the fact " ...
It's all already in there, separated in phases.
Every month new phase chart!
This is how my Fibo chart looks like.
Fibos are already there! Why wait for some H and L to draw them?
It is there in phases! Each phase has rules and once entered into new phase it again works with the new phase.
Intraday trading for me starts from Yearly High Low Close!
I needed last years High, Low, Close to calculate Base Line for this whole year! Then to work for a current month I need previous month High, Low, Close to get Baseline for this month! Then Yearly Base Line and calculate the difference between yearly baseline and monthly baseline! Because the number I get after calculating the difference between yearly and monthly baselines is where the Fibo phases start. If the difference is 5.9$ then I know that first phase from Monthly baselines has to start 5.9$ above the baseline and phase itself cannot be longer than 59$.
Then to know the intraday I have to do the same actions get the difference from 3 lines and know where the phase starts for every day! And to get a more detailed intraday view is where I have to divide daily fibs.
No drawing from H to L or whatever.
It's all on the chart already, just have to find it. And again math can help!
If I would master the big Fibs and how to divide them correctly then I would be precious with long-term calls as I am with Intraday trading which is my element.
But I still don't know where is the mistake with it! I have good targets, but super bad entries, so that means long term I have a mistake in some calculations that I am exhausted to look for!
Much Love my flowers and I wish you luck today!
I have said it all, but the chart will speak for itself at the end of the day!
<3
Комментарий:
Found a minute to let you know that it would be healthy that 1310 is not broken by 1$ down as it will have a tendency to test 1304.3 then.
Better Hold and Reach 1316, this way breaking 1311 - 1312 giving a target 1321 - 1322.
Booyah!
Better Hold and Reach 1316, this way breaking 1311 - 1312 giving a target 1321 - 1322.
Booyah!
Комментарий:
Hello, Guys! Seems I am done with my stuff faster than I thought and I am back home!
Looking at the chart!
All's good so far!
See how Gold stop at 1309,6 today when I told that we should not break 1310 by 1$. :)
We made Versatile Pivot tag on intraday basis!
1311 - 1309 - 1316 - 1310.
We reached 1316 and fell down now to 1310.
Today on intraday basis if I would be all in charts these would be our intraday trades!
Long from 1310 to 1316 and short from 1316 to 1310.
Now 1310 is the key, if we hold above it's all ok!
If we break it by 1$ we need 1304 1303.
I don't know what will happen on Fomc, nobody knows! I just keep my faith in what I have here on the charts! Till I win or till I Lose! ;)
Looking at the chart!
All's good so far!
See how Gold stop at 1309,6 today when I told that we should not break 1310 by 1$. :)
We made Versatile Pivot tag on intraday basis!
1311 - 1309 - 1316 - 1310.
We reached 1316 and fell down now to 1310.
Today on intraday basis if I would be all in charts these would be our intraday trades!
Long from 1310 to 1316 and short from 1316 to 1310.
Now 1310 is the key, if we hold above it's all ok!
If we break it by 1$ we need 1304 1303.
I don't know what will happen on Fomc, nobody knows! I just keep my faith in what I have here on the charts! Till I win or till I Lose! ;)
Комментарий:
It is not Good that we stop at 1316, but it is good that we broke tendency pivot 1311.
:)
:)
Комментарий:
Guys!!
If you have buys around 1304-1306 area just like I have and you are scared, move SL to BE. Don't risk!
Now 1310 hold so far! but be ready for spike down to 1304 if 1310 is broken!
Or it can actually fall down and not go up! I am not a holy grail to tell you that!
But above 1310 - 1304 it is a safe spot for bulls!
I keep my SL 1298 like stated for now!!
I have huge faith and trust in the fact that Gold will shoot up, based on all my calculations that it accumulated the bull the whole time, and that intraday is looking perfect! Once again I am not a holy grail!
And I will believe that we are going up until the chart proves me wrong!
If you have buys around 1304-1306 area just like I have and you are scared, move SL to BE. Don't risk!
Now 1310 hold so far! but be ready for spike down to 1304 if 1310 is broken!
Or it can actually fall down and not go up! I am not a holy grail to tell you that!
But above 1310 - 1304 it is a safe spot for bulls!
I keep my SL 1298 like stated for now!!
I have huge faith and trust in the fact that Gold will shoot up, based on all my calculations that it accumulated the bull the whole time, and that intraday is looking perfect! Once again I am not a holy grail!
And I will believe that we are going up until the chart proves me wrong!
Комментарий:
There is nothing much to update anymore! If Gold is going up it will just go up!
8 minutes.
Good Luck guys! And all the best!
8 minutes.
Good Luck guys! And all the best!
Комментарий:
I think we should be ok :)
I found something about 1309.6 that describes this move down!
Press conference ahead!
Keeping the SL 1298!
Fighting till the last minute!
1304.7 and the whole 1304 1303 area ahead!
I found something about 1309.6 that describes this move down!
Press conference ahead!
Keeping the SL 1298!
Fighting till the last minute!
1304.7 and the whole 1304 1303 area ahead!
Комментарий:
need more down to 1304.7 at least.
Комментарий:
All downside targets reached in this phase!
If we break down, 1303 then it is game over for my trade!
As it has reached all needed here on intraday basis after 1310.6 break so, either.. or either! :)
If we break down, 1303 then it is game over for my trade!
As it has reached all needed here on intraday basis after 1310.6 break so, either.. or either! :)
Комментарий:
1303 holding so far! This level needs 5$ break ( from another system ) is why SL on this trade is 1298.
I know I could just put a BE on 1305.21 entry and be in a safe spot already and watch from aside! But this is not about money. This is about testing the levels with full faith!
Otherwise, how can you risk your money on something that you can't have faith in!!
Fighting here, what else I can do :)
I know I could just put a BE on 1305.21 entry and be in a safe spot already and watch from aside! But this is not about money. This is about testing the levels with full faith!
Otherwise, how can you risk your money on something that you can't have faith in!!
Fighting here, what else I can do :)
Сделка закрыта: достигнута стоп-лосс цена:
Out!
Комментарий:
I am always amazed how "one hit wonders " come here only after Stop is hit!
wahhaahaha
Where you at when the trade is active with your comments, or where is your idea and analysis?
Once the Stop gets's hit all of a sudden monkeys jump out of the jungle, common in Tradingview.
Waiting for close to jump on the next trade. Will post after the close.
2-100k Challenge site is having a delay with uploading but should be running tomorrow.
wahhaahaha
Where you at when the trade is active with your comments, or where is your idea and analysis?
Once the Stop gets's hit all of a sudden monkeys jump out of the jungle, common in Tradingview.
Waiting for close to jump on the next trade. Will post after the close.
2-100k Challenge site is having a delay with uploading but should be running tomorrow.
:shows them the doors:
The intraday update will be here after the close.