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All Majors and Gold

  • #9,101
  • Edited 6:41am Dec 4, 2013 6:05am | Edited 6:41am
I am always fascinated by perfect reciprocal geometry in all apparently random event. There is almost always order in chaos. Take a look at this fascinating setup...
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 47 KB


If you're wondering how that comes about, then so am I. What is absolutely incredible is that these shapes are Fibonacci reciprocals of each other. They all form generally around market bottoms and tops before a deciscive price change. What's even more incredible is that these are timed for exactly London's lunch hour and the handover to the NYSE open prelude. Almost without fail we see something happen at this time.

Now a little further on in time and look what has happened with this geometry...

All added lines are parallel. The larger ellises are identical. The smaller ones are fib ratios of the larger one they are in. The market fits exactly into the smaller elipses and the larger ones. Does it mean anything? Probably. Do I know why? No. It is when someone can make sense of the patterns that a system is developed. Eventually this may be incorporated into my system, but for now it's just a phenomenon that occurs fairly regularly.
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 75 KB
You win, you lose. All else is history. The future does not exist.
  • #9,102
  • Dec 4, 2013 7:51am Dec 4, 2013 7:51am
Quoting The Rhodie
I am always fascinated by perfect reciprocal geometry in all apparently random event. There is almost always order in chaos. Take a look at this fascinating setup...{image} If you're wondering how that comes about, then so am I. What is absolutely incredible is that these shapes are Fibonacci reciprocals of each other. They all form generally around market bottoms and tops before a deciscive price change. What's even more incredible is that these are timed for exactly London's lunch hour and the handover to the NYSE open prelude. Almost without...


Interesting ....i am Always playing around with different setups ...mostly with linear regression channels and curved regression.
  • #9,103
  • Dec 4, 2013 10:57am Dec 4, 2013 10:57am
here's what happen today......

- when a major drop happen gold always tend to retrace as little as 23% and as high a 88%
- looking left on a chart you count to see how many drops have occurred from the trend reversal.....
so now take a look at this chart....
http://www.mql5.com/en/charts/112948...ets-pty?bind=1
Attached Image (click to enlarge)
Click to Enlarge Name: xauusddec3m30fibstarget.png Size: 99 KB

current short term fib targets....determines if we are going higher or just retracement from last Thursday's move
this 1230.61-1211.47=
23% 1226.88 done
38% 1223 next
50% 1221 potetntial but unlikely and if hit most likely will keep going lower

last Thursday's drop and reason for today's move, how high will be determined still....
1254.62-1217.66
23% 1226.88 done
38% 1231.78 missed by 10x pips
50% 1236.14 waiting
62% 1240.50 waiting
100% 1254.62 cover gap at 1251 then most likely drop again

a rise past 1251 should go for 1280
- the bull will try so hard to defend 1200 and 1180 but imo will break or reach those levels before 12/12/13
Wooooohooooo or Boooooohooooo
  • #9,104
  • Dec 4, 2013 11:01am Dec 4, 2013 11:01am
Quoting gnomoneey
here's what happen today...... - when a major drop happen gold always tend to retrace as little as 23% and as high a 88% - looking left on a chart you count to see how many drops have occurred from the trend reversal..... so now take a look at this chart.... http://www.mql5.com/en/charts/112948...ets-pty?bind=1 {image} current short term fib targets....determines if we are going higher or just retracement from last Thursday's move this 1230.61-1211.47= 23% 1226.88 done 38% 1223 next 50% 1221 potetntial but unlikely...
reading and looking at those points as a trader you look to the left and see where there are some significant SaR and where you as a trader might take a position. The more confluence you get then the stronger that price might get hit......but remember the trend is your friend....go against your friend and you might get burned.....
Wooooohooooo or Boooooohooooo
  • #9,105
  • Dec 4, 2013 11:05am Dec 4, 2013 11:05am
Quoting gnomoneey
{quote} reading and looking at those points as a trader you look to the left and see where there are some significant SaR and where you as a trader might take a position. The more confluence you get then the stronger that price might get hit......but remember the trend is your friend....go against your friend and you might get burned.....

This trend?
Attached Image (click to enlarge)
Click to Enlarge Name: Xau_dailytrend.png Size: 36 KB
And by the way I am now almost 100% convinced fundamentals have little to nothing to do with this symbol,or is there a more sinister reason for the earlier move today?
Officer ... I swear to drunk I am not God
  • #9,106
  • Dec 4, 2013 11:08am Dec 4, 2013 11:08am
Quoting gnomoneey
todays view of gold...... {image}
-target on this image hit....
- so what's next is the question
Attached Image (click to enlarge)
Click to Enlarge Name: xauusddec2m30fibstargetbottompeakbottom.png Size: 87 KB
Wooooohooooo or Boooooohooooo
  • #9,107
  • Dec 4, 2013 11:15am Dec 4, 2013 11:15am
Quoting Fidza
{quote} This trend?{image} And by the way I am now almost 100% convinced fundamentals have little to nothing to do with this symbol,or is there a more sinister reason for the earlier move today?
all I can do is watch the pattern it is drawing for me and take the most logical or illogical outcome....but if you follow this pair you can almost predict the direction it wants to do......of course you need some indicators to do.....

Sinister yes
Manipulation yes/no
Fundamentals - well it does have "mental" in it...so it will make you go crazy....and once you think crazy then maybe you might understand its mentally.....

all I can say is we are in the age of computers and algorithms....

btw thanks for posting Fidza....

G
Wooooohooooo or Boooooohooooo
  • #9,108
  • Dec 4, 2013 11:21am Dec 4, 2013 11:21am
Quoting gnomoneey
{quote} update from this mornings chart {image}
taking this chart and following same slope of the yellow tl and placing it on the highs before the drops gives you where the resistance could be and a target

Attached Image (click to enlarge)
Click to Enlarge Name: xauusddec2yellowchannelsupdate.png Size: 93 KB


updated today

pay attn. to current yellow tl
Attached Image (click to enlarge)
Click to Enlarge Name: xauusddec3m30fibstarget.png Size: 99 KB
Wooooohooooo or Boooooohooooo
  • #9,109
  • Dec 4, 2013 11:23am Dec 4, 2013 11:23am
Quoting gnomoneey
{quote} taking this chart and following same slope of the yellow tl and placing it on the highs before the drops gives you where the resistance could be and a target {image} updated today pay attn. to current yellow tl {image}
damn as i'm writing this happens...
-pay attn. again to resistance
Attached Image (click to enlarge)
Click to Enlarge Name: xauusddec3m30fibstargetupdate.png Size: 106 KB
Wooooohooooo or Boooooohooooo
  • #9,110
  • Dec 4, 2013 11:27am Dec 4, 2013 11:27am
Quoting gnomoneey
here's what happen today...... - when a major drop happen gold always tend to retrace as little as 23% and as high a 88% - looking left on a chart you count to see how many drops have occurred from the trend reversal..... so now take a look at this chart.... http://www.mql5.com/en/charts/112948...ets-pty?bind=1 {image} current short term fib targets....determines if we are going higher or just retracement from last Thursday's move this 1230.61-1211.47= 23% 1226.88 done 38% 1223 next 50% 1221 potetntial but unlikely...
50% 1236.14 done
- lets see if it closes above 1231.78 in the next h4 candle
Wooooohooooo or Boooooohooooo
  • #9,111
  • Dec 4, 2013 11:41am Dec 4, 2013 11:41am
Quoting gnomoneey
here's what happen today...... - when a major drop happen gold always tend to retrace as little as 23% and as high a 88% - looking left on a chart you count to see how many drops have occurred from the trend reversal..... so now take a look at this chart.... http://www.mql5.com/en/charts/112948...ets-pty?bind=1 {image} current short term fib targets....determines if we are going higher or just retracement from last Thursday's move this 1230.61-1211.47= 23% 1226.88 done 38% 1223 next 50% 1221 potetntial but unlikely...
62% 1240.62 done
so it looks like this is what's being played.
Wooooohooooo or Boooooohooooo
  • #9,112
  • Dec 4, 2013 11:53am Dec 4, 2013 11:53am
Quoting gnomoneey
{quote} 62% 1240.62 done so it looks like this is what's being played.
so, the 1254 is feasible now....it seems like that ya G.
Gold is my pleasure.
  • #9,113
  • Dec 4, 2013 11:57am Dec 4, 2013 11:57am
Quoting gnomoneey
{quote} all I can do is watch the pattern it is drawing for me and take the most logical or illogical outcome....but if you follow this pair you can almost predict the direction it wants to do......of course you need some indicators to do..... Sinister yes Manipulation yes/no Fundamentals - well it does have "mental" in it...so it will make you go crazy....and once you think crazy then maybe you might understand its mentally..... all I can say is we are in the age of computers and algorithms.... btw thanks for posting Fidza.... G

Yep I was trying to post something reasonable back and kind of got a little distracted by the +$20 move, its all happening ,that's about all I can say, hmmm will we see 1500 today
Officer ... I swear to drunk I am not God
  • #9,114
  • Dec 4, 2013 12:32pm Dec 4, 2013 12:32pm
any ideas for next hours?
  • #9,115
  • Dec 4, 2013 12:44pm Dec 4, 2013 12:44pm
Quoting wield
any ideas for next hours?
Yep take the "e" out of your name and that's what the next few hours might be
Officer ... I swear to drunk I am not God
  • #9,116
  • Dec 4, 2013 1:08pm Dec 4, 2013 1:08pm
Quoting wield
any ideas for next hours?
Fun is over until Asia
when we go down again
Wooooohooooo or Boooooohooooo
  • #9,117
  • Dec 4, 2013 1:14pm Dec 4, 2013 1:14pm
Quoting gnomoneey
here's what happen today...... - when a major drop happen gold always tend to retrace as little as 23% and as high a 88% - looking left on a chart you count to see how many drops have occurred from the trend reversal..... so now take a look at this chart.... http://www.mql5.com/en/charts/112948...ets-pty?bind=1 {image} current short term fib targets....determines if we are going higher or just retracement from last Thursday's move this 1230.61-1211.47= 23% 1226.88 done 38% 1223 next 50% 1221 potetntial but unlikely...
This played out perfectly.
Too bad for our Asian counterpart as they sleep thru this.
Wooooohooooo or Boooooohooooo
  • #9,118
  • Dec 4, 2013 1:26pm Dec 4, 2013 1:26pm
Quoting gnomoneey
{quote} This played out perfectly. Too bad for our Asian counterpart as they sleep thru this.
From this chart it looks like the channel you traced was broken on the upside today. Can you please elaborate a little more? thanks
  • #9,119
  • Dec 4, 2013 1:48pm Dec 4, 2013 1:48pm
Quoting Greener
{quote} From this chart it looks like the channel you traced was broken on the upside today. Can you please elaborate a little more? thanks
If it was me and I'm trying to learn I would duplicate these tl and the. Move them around to touch the peaks and see where they line up.
I will try to post a chart in a few hours
Wooooohooooo or Boooooohooooo
  • #9,120
  • Dec 4, 2013 2:02pm Dec 4, 2013 2:02pm
Quoting Greener
{quote} From this chart it looks like the channel you traced was broken on the upside today. Can you please elaborate a little more? thanks
current gold price is 1245.92

if this is the top then we can see this is the route it should take.....

Attached Image (click to enlarge)
Click to Enlarge Name: xauusddec3m30fibstargetupdatefilled.png Size: 101 KB
Wooooohooooo or Boooooohooooo
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