{quote} Now we have broken out of the Weekly correction, I'm looking at the structure differently as a contrasting flat. From the Monthly we seem to be pushing up strongly. Meaning the bulls are in control of the market. But I need to see a small correction on the daily to confirm the new trend. For now, I will be buying with caution on 15 mins pullback. {image} {image}
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Buying gold. Weekly correction is over. Trend changed to Bullish. Analysis are never 100 percent accurate and should never be used alone. This why proper money management and emotional discipline must be applied to trades.
{quote} Buying gold. Weekly correction is over. Trend changed to Bullish. Analysis are never 100 percent accurate and should never be used alone. This why proper money management and emotional discipline must be applied to trades. {image}
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We are getting a daily correction for more upside. Will be taking the sell first and then the buy next week.
{quote} Buying gold. Weekly correction is over. Trend changed to Bullish. Analysis are never 100 percent accurate and should never be used alone. This why proper money management and emotional discipline must be applied to trades. {image}
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The past few weeks has been unpredictable. Not hitting my targets and missing trades. Market is still adjusting to the trend change.
I'm expecting a daily correction for a 4th wave before we continue upside. And it looks like we are getting that correction now.
So today will be a sell and we see what pattern forms next.
{quote} The past few weeks has been unpredictable. Not hitting my targets and missing trades. Market is still adjusting to the trend change. I'm expecting a daily correction for a 4th wave before we continue upside. And it looks like we are getting that correction now. So today will be a sell and we see what pattern forms next. {image}
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Trade invalid. Any buy will be above 3672, after 15 mins pullback.
{quote} Trade invalid. Any buy will be above 3672, after 15 mins pullback.
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Gold reached all time high. Every 15 mins correction is a buy. I'm taking 2 to 4 R:R since we don't know how high we will go before a daily correction happens.
Thanks to my journaling here, I've been consistent with my wins and sticking to my strategy.
{quote} Gold reached all time high. Every 15 mins correction is a buy. I'm taking 2 to 4 R:R since we don't know how high we will go before a daily correction happens. Thanks to my journaling here, I've been consistent with my wins and sticking to my strategy. {image}
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Looks like the correction I anticipated is over. Buy strong on 1 hr. Already in the trade
{quote} Today is a mess. Are we getting one more down? Well, I will be buying until the weekly candles closes. {image}
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Not taking this sell. Don't know how low we will go, so I'm waiting to buy lower. The Bulls are still in charge and I don''t see any reversal signs on the daily to confirm this sell will go below 3702.
{quote} Not taking this sell. Don't know how low we will go, so I'm waiting to buy lower. The Bulls are still in charge and I don''t see any reversal signs on the daily to confirm this sell will go below 3702. {image}
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That sell didn’t go lower as I anticipated. I'm more confident in the buy. I have two entries. Taking anyone that plays out on 15 mins. And it looks like we are breaking out into a new impulsive wave. Meaning the buy will be strong. But be cautious since today is Friday (close of daily candle and all).
{quote} That sell didn’t go lower as I anticipated. I'm more confident in the buy. I have two entries. Taking anyone that plays out on 15 mins. And it looks like we are breaking out into a new impulsive wave. Meaning the buy will be strong. But be cautious since today is Friday (close of daily candle and all). {image}
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This trade took too long to play out. Now we have confirmed a new bull run. So next week we will be buying.
{quote} That sell didn’t go lower as I anticipated. I'm more confident in the buy. I have two entries. Taking anyone that plays out on 15 mins. And it looks like we are breaking out into a new impulsive wave. Meaning the buy will be strong. But be cautious since today is Friday (close of daily candle and all). {image}
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October is looking like a strong bull trend. I will be entering on a 15 mins break and retest. R:R 2/3:1. We might get a short Weekly reversal before the bull trend fires up considering September candle was sharp. So I will be cautious this week and watch market momentum.
Edited: I thought we have entered October. Hahahahaha... Well, my bias remains the same. Now let's see if September ends with a bullish or bearish candle. Still I'm being conscious of my trades- risking and taking small targets
{quote} October is looking like a strong bull trend. I will be entering on a 15 mins break and retest. R:R 2/3:1. We might get a short Weekly reversal before the bull trend fires up considering September candle was sharp. So I will be cautious this week and watch market momentum. {image}
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Trade invalid. Let's wait for the 1 hour correction to be over then we buy lower.
{quote} Trade invalid. Let's wait for the 1 hour correction to be over then we buy lower.
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First trade went down smooth. I don't think this fall will be the only correction. It's too sharp to be a one impulse correction.
I think we will get a B and a C before we continue the bigger buy. So I will be trading both buy and sell signals as the come. This will be short trades of 80 to 100 pips moves.
{quote} First trade went down smooth. I don't think this fall will be the only correction. It's too sharp to be a one impulse correction. I think we will get a B and a C before we continue the bigger buy. So I will be trading both buy and sell signals as the come. This will be short trades of 80 to 100 pips moves. {image} {image}
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Good. I like when the market corrects. It gives me confidence that the next trade will be low risk. We might correct half of the daily bull candle @3794. This another confluence why I think the impulse will not be the only correction. Today might be sells. Let's see.
{quote} Good. I like when the market corrects. It gives me confidence that the next trade will be low risk. We might correct half of the daily bull candle @3794. This another confluence why I think the impulse will not be the only correction. Today might be sells. Let's see. {image}
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How far will the C go? Guess we will find out tomorrow.
{quote} Good. I like when the market corrects. It gives me confidence that the next trade will be low risk. We might correct half of the daily bull candle @3794. This another confluence why I think the impulse will not be the only correction. Today might be sells. Let's see. {image}
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Pattern change. I was expecting an abc correction but we didn't get that. Now I'm looking to buyat 15 mind pullback.
{quote} Are we finally getting the C or totally changing trend to bearish? I will confirm total sell when we break and retest 3738 {image}
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Is the daily correction over? Or are we heading for more downside? It doesn't look like we are done with the correction.
Honestly I'm not confident buying Gold at this zone considering the daily is giving strong rejection the area. Any buy will be high risk until we break above 3896. Still I will be taking short trades on 5 mins, both buy and sell as their appear.
{quote} Is the daily correction over? Or are we heading for more downside? It doesn't look like we are done with the correction. Honestly I'm not confident buying Gold at this zone considering the daily is giving strong rejection the area. Any buy will be high risk until we break above 3896. Still I will be taking short trades on 5 mins, both buy and sell as their appear. {image} {image}
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I don't like setups that go both ways. Let's see how this will play out.
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