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  • #461
  • Mar 3, 2017 12:19pm Mar 3, 2017 12:19pm
Quoting 90strader
once again, thanks for all of yours support here and in the private msg. this is why i like this forum I didn't trade today, but i am happy to see those sword lines in this current still work well {image} i also come up with the idea below (BUT i have to say i am never good at Elliott wave) i think the RED 3 4 fit more than the BLUE 3 4 5 for those rules but under the circumstances now, i cannot imagine what can lead to a strong buying force on GOLD or lead to a weak USD i am interested in yours...
#461

Infinitus at FF here is the specialist in Elliott waves. Ask him. He gives qualified answers.

In the absence of a better alternative
It could be a coign of vantage not to trade in these days.
I often interrupt my trading due to the fact that I haven't get enough profit-oriented analysis data.
The market seems not to be in a favord session for profitable trades every time.
If so then I go out, stay on the sideline and wait, several days, several weeks, several months.

Gold & Silver
Gold seems for me, (like the silver market) in an unstable state currently.
My multiple time frame analysis indicates...it could go down,..it could go up.
So what? In that case I stay on the sideline and wait, (...maybe with some scalping trades here and there or silver long with less risk and not much investments) & I hope for better days when trading gold & silver again with more risk and motivational inputs.

Do not exert any pressure on...
You could allow yourself a break. Your profit data are awfully good. Why should you risk it now in an uncertain market environment?
I would wait,....next chance will coming up, ...maybe end of mars/april when shareholders say "sell in mai and go away".
Kindest regards
  • #462
  • Mar 3, 2017 1:03pm Mar 3, 2017 1:03pm
Hi 90s, i suggest you to keep into account, let's say 100k, and withdraw earnings.
Avarice, pride and fear, make ourselves our worst enemy
  • #463
  • Mar 3, 2017 2:25pm Mar 3, 2017 2:25pm
Quoting jetclub.fx
Just a bit of TA... You can see a long pin bar on the XAU/USD daily chart (3/1) that open at 1246.06 and closed @1247.22. The low was 1237.03. So, that was a clear rejection of the lower levels reflecting a 24 hours span. The trend is still strongly bullish and does not look like any sign of reversing. Nothing is guaranteed but technically the XAU has always responded without surprises to the pattern we're seeing right now. Patience might prove to be the right approach. I have positions on the EUR/USD and I'm not modifying anything.
The EUR/USD went 100 pips to the upside since my last comment. The 1223 level on the XAU is an important support level going back to Feb. 9th. Yellen just said the economy has been "remarkably resilient" and a rate hike is coming this month if things stay on track. Read my last post and draw your own conclusions. XAU looks like it just paused to take a breather and will resume direction. It has already.
  • #464
  • Mar 3, 2017 2:29pm Mar 3, 2017 2:29pm
Quoting 90strader
once again, thanks for all of yours support here and in the private msg. this is why i like this forum I didn't trade today, but i am happy to see those sword lines in this current still work well {image} i also come up with the idea below (BUT i have to say i am never good at Elliott wave) i think the RED 3 4 fit more than the BLUE 3 4 5 for those rules but under the circumstances now, i cannot imagine what can lead to a strong buying force on GOLD or lead to a weak USD i am interested in yours...

Hi Forexcube and the Gang :-)

Hi 90strader,

with Gold it is very hard to judge at the moment. Sentiment readings are around 60% bulls (so can go either way).

Let us first look at the long term prospects of Gold in order to get a trading perspective. Please remember, that EW is not about right or wrong count in the end, but simply to try to find the most probable count at the time of the trade.

Gold weekly TF

since the very high Gold has concluded a 5 waves down at the beginning of 2016, and since then it is consolidating. The consolidating pattern so far looks like a bigger evolving ABC-flat, where we are now in impulsive wave C (up). An ideal upside target would be something between 1400 and 1450, but extended 1550 would be no surprise.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_XAU_USD_Weekly_snapshot.png Size: 80 KB


So what are the shorter term perspectives?

On your chart you have labelled a finished impulse 1-2-3-4-5. That would be one correct assessment. In this count we would have a slight wave 1 wave 4 overlap, making this impulse to a leading diagonal.

A leading diagonal is most of the time followed by a very deep retracement (around 80%).

From a probability point of view, a leading diagonal is kind of rare stuff, so the odds are against us here.

Add to that, that most of the time waves in Gold tend to have the longest waves (extended waves) in its wave 5's.

Here again, the odds would be against us.I am not saying it is impossible, but we would need a bit more luck here.

At the moment I would count it a follows:

Gold daily TF:

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_XAU_USD_Daily_snapshot.png Size: 57 KB





red 1 is clearly an impulse
blue 1 is clearly an impulse

green a looks like a zigzag
green b looks like a zigzag
green c looks pretty impulsive

green C is around 138% of green a, which qualifies greatly for an ABC-flat

We can not know, if wave blue 2 is concluded with this abc-flat, or if a broader pattern is evolving. So far price has not managed to drop below the support shelf around the 1217 level

This count gets invalidated with movement below the red wave 2 at 1180.55



Hope it helps.

Thank you for your kind words, Forexcube.

By coincidence I wondered this evening, where you are hiding, what you are doing, and saw your comment regarding EW and me :-)
  • #465
  • Mar 3, 2017 2:38pm Mar 3, 2017 2:38pm
Can I ask, on with the broker Pepperstone what is the usual spread on XAU/USD?
  • #466
  • Edited 2:53am Mar 4, 2017 1:17am | Edited 2:53am
Quoting 90strader
once again, thanks for all of yours support here and in the private msg. this is why i like this forum I didn't trade today, but i am happy to see those sword lines in this current still work well {image} i also come up with the idea below (BUT i have to say i am never good at Elliott wave) i think the RED 3 4 fit more than the BLUE 3 4 5 for those rules but under the circumstances now, i cannot imagine what can lead to a strong buying force on GOLD or lead to a weak USD i am interested in yours...
In the long run Gold price is moving UP. Since September 2011 Gold was in a deep long correction lasted more than 4 years till December 2015.
According to Weekly charts now we are in the 3-rd positive moving wave which may last from 1 to 2-3 years with target about 1585.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDWeekly.png Size: 85 KB

According to Daily charts I see the end of 4-th corrective wave and the begining of 5-th moving wave which may last from 3 to 6 months with taget about 1324. It is wrong to state for sure that the 4-th corrective wave has finished and we may believe that it can go some deeper but I'm holding long positions and should refuse from this H4 chart scenario under only one condition if Daily Gold price close below 1181. We may consider a nice pin-bar of yestoday's close as good confirmation of 4-th wave end. Another alternative scenario is that the 3-rd wave has not finnished and may be extended and now we are not in the end of 4-th corrective wave but it doesn't change much as I strongly believe that anyway we are in the UP movement.
I'm mostly algotrader and not a scalper holding positions usually from weeks to months when trading manualy.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 76 KB

P.S. BTW your H4 EW count with 3 & 4 RED points is correct but 3 & 4 & 5 BLUE points are wrong as the 4-th wave may not cross (drop lower) the 1-st wave according the EWT in Frost and Prechter edition.

Just my humble opininon.

Quoting PegasusFXM
Can I ask, on with the broker Pepperstone what is the usual spread on XAU/USD?
Do not know about Pepperstone but IC Markets live spread on Gold is about 15 points average.
BR, alex
  • #467
  • Mar 6, 2017 3:04am Mar 6, 2017 3:04am
Hello Mr.90s,

it is time to trade. Do not dig yourself more up...

You have to move on.

If you don't, your dream is not gonna come any closer to you anyway. It is you, who has to come closer to your own dream.

Wake up and trade.

Fuck everyone else. Let them speak anything and everything.

Draw your sword lines.

Trust your system.

You will win 10-20 times in a row until your next big loss.

That is not a problem.

Start trading!
Maadik Hugiis. IQ 69.
  • #468
  • Mar 6, 2017 4:15am Mar 6, 2017 4:15am
Quoting MoneyZilla
Hello Mr.90s, it is time to trade. Do not dig yourself more up... You have to move on. If you don't, your dream is not gonna come any closer to you anyway. It is you, who has to come closer to your own dream. Wake up and trade. Fuck everyone else. Let them speak anything and everything. Draw your sword lines. Trust your system. You will win 10-20 times in a row until your next big loss. That is not a problem. Start trading!
-------
go brush ur fukkin teeth & leave him alone = draw ur own fukkin lines
da n0o0b + $hit_Disturber
  • #469
  • Mar 6, 2017 4:32am Mar 6, 2017 4:32am
Quoting pipsy7
{quote} ------- go brush ur fukkin teeth & leave him alone = draw ur own fukkin lines
Ok, Sir! Thank you, Sir! Going for brush now, Sir! Teeth. Teeth. Bad bread! Bad bread!

I hard brush now, Sir! You smart! Very Smart! Thank you Sir Pips! iLikeYou, Sir Pips!
Maadik Hugiis. IQ 69.
  • #470
  • Mar 6, 2017 7:52am Mar 6, 2017 7:52am
Quoting hilmy83
good stuff. keep going at this rate and you'll own Hong Kong
Hi,

while I believe you are great trader and your results are impressive I dont get the stats
if
-41.8% -HK$67,116

than how could be
638.2% HK$132,935

?
I like what I trade, I trade what I like
  • #471
  • Mar 6, 2017 9:07am Mar 6, 2017 9:07am
Quoting PegasusFXM
Can I ask, on with the broker Pepperstone what is the usual spread on XAU/USD?
around 15-20 points
  • #472
  • Mar 6, 2017 9:09am Mar 6, 2017 9:09am
Quoting togr
{quote} Hi, while I believe you are great trader and your results are impressive I dont get the stats if -41.8% -HK$67,116 than how could be 638.2% HK$132,935 ?
-41.8% is this month
638.2% is this year

  • #474
  • Mar 6, 2017 8:22pm Mar 6, 2017 8:22pm
Quoting 90strader
{quote} -41.8% is this month 638.2% is this year
it's amazing result already... 638.2%/41.8%=15+. For me, 100%/20% =5+ is totally acceptable , haha...

40+% DD is painful, but it comes along with your dream (buying HK flat), I think this somehow suffering is worth. Keep going!

幸福與苦難，像是金幣的兩個面，不分彼此
  • #475
  • Mar 7, 2017 12:30am Mar 7, 2017 12:30am
Hi 90strader,

I am in HK trading forex as well.

Nice forum and amazing result, hope you success!
  • #476
  • Mar 7, 2017 12:36am Mar 7, 2017 12:36am
Quoting togr
{quote} Hi, while I believe you are great trader and your results are impressive I dont get the stats if -41.8% -HK$67,116 than how could be 638.2% HK$132,935 ?
He made a withdrawal along the way.
  • #477
  • Mar 7, 2017 1:10am Mar 7, 2017 1:10am
Quoting johNal
{quote} He made a withdrawal along the way.
It's funny about this comment and you know why? Because we rarely see any live trade explorers withdrawing REAL money out from them. Most explorers are either in demo and you cannot really withdraw play money (maybe brokers should implement an option for people to withdraw their demo money into their account) or live explorers who got busted after few months.

That is why most members here are surprised why there is a negative drawdown/return but still overall profit. Out of all my years in this forum, i have only seen less than 5 explorers withdrawing real significant money here. (please, dont tell me withdrawing $100 is really worth mentioning, anything less than 5-10k is basically ignorable)

Because it is RARE!!!!!!
  • #478
  • Mar 7, 2017 1:41am Mar 7, 2017 1:41am
Quoting CrocodileRex
{quote} It's funny about this comment and you know why? Because we rarely see any live trade explorers withdrawing REAL money out from them. Most explorers are either in demo and you cannot really withdraw play money (maybe brokers should implement an option for people to withdraw their demo money into their account) or live explorers who got busted after few months. That is why most members here are surprised why there is a negative drawdown/return but still overall profit. Out of all my years in this forum, i have only seen less than 5 explorers...
read #296 and #313 and continue read forward from there...don't really get what your argument is though.
Nothing stands in the way of a person's will -THE MYSTICS
  • #479
  • Mar 7, 2017 1:59am Mar 7, 2017 1:59am
Quoting Patrich
{quote} read #296 and #313 and continue read forward from there...don't really get what your argument is though.
been reading since the beginning of this thread. No argument here at all. Just simply stating the fact that OP is doing a very good job here despite all the pressures of opening a live explorer in this forum.

And the fact that those thousands of other systems listed in FF don't have any explorer attached to it. Get what i mean? It's ridiculous we are trying to learn here from the blind. Very irony if you ask me. And yet here i am here everyday.

/end rant
  • #480
  • Mar 7, 2017 2:23am Mar 7, 2017 2:23am
Quoting CrocodileRex
{quote} been reading since the beginning of this thread. No argument here at all. Just simply stating the fact that OP is doing a very good job here despite all the pressures of opening a live explorer in this forum. And the fact that those thousands of other systems listed in FF don't have any explorer attached to it. Get what i mean? It's ridiculous we are trying to learn here from the blind. Very irony if you ask me. And yet here i am here everyday. /end rant
Nothing stands in the way of a person's will -THE MYSTICS
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