Ouro/Dólar AmericanoAtualizado PRS LIVE 5 ENDGAME UPDATE, 1695 BY 9/16, MAYBE BY 9/11.
I THOUGHT ALL DAY ABOUT 10/05 DATE & REALIZED I WAS OVERTHINKING. I HAVE CONVICTION THAT THIS WILL TAG 1695 BETWEEN 9/10 AND 9/16. LIKELY CLOSER TO 9/10.
Notes:
- For those that are new, I keep track of listed trades to prove my system legit. So the trades are numbered.
- The previous trade's entry was PRS LIVE 4.4, long Friday's close at 1939, target 2015, SL 1920.
- The next trade is PRS LIVE 5 to short the next move to 2015, I changed numbering so I can recall it later specifically.
- I had this guy complain that I change my ideas too much. For you to understand my process, go to my avatar page and LOOK AT THE PREVIOUS 9 CHARTS. The first of them is "THE BOTTOM SHOULD BE IN", where I called the bottom TO THE HOUR. I did not recommend a trade in that post and said those were my early thoughts. If you trade gold at any length, you will come to learn that these giant A-B-C'S (3 step massive corrections) are known for being unpredictable. If you look at the next 8 idea/charts posted following that, they are more or less the same idea. After an explosive top at 2075, we crashed 213 points in a couple of days. If it did not recover that 10% in the next 4 days to close the WEEKLY bar strongly, they crash is on, it's just a matter of where the second top or in this case, third top will be. These massive moves have draw downs that end in 8-9 weeks, but 90% of the move usually finishes in n 6-7 weeks depending how much of an extreme. That said, the route down has the same look BUT ARE NEVER REALLY THE SAME. The firs leg down is over (1862), I had thought the second leg back up was over a few days ago at 2015, but the buying out of futures just does not show ANY WEAKNESS THE NEXT 3 DAYS. For whatever reasons, futures buying is MORE THAN MAKING UP FOR PRIOR WEAKNESS IN SPOT STATUS QUO WEAKNESS IN GLD ETF. What tends to happen here is an attempt to to tag 2015 again, but figuring out when that will be is the really difficult part.
I am essentially trying to find the "high r/r short", but I have to recognize when I things change DESPITE HOW STRONGLY I FELT ABOUT IT. I enter every trade with conviction, but I will drop it in a heart beat if facts have changed. If you have difficulty with this, you are - without a doubt - a day trader or a short term trader. I have explicitly stated that PRS is an intermediate trading system. If you are a short term day trader or tactical trader, find someone THAT FITS THAT PROFILE to follow. If you follow my ideas, please actually read what I write including updates to each idea as I post them. Otherwise, applying the charts on incomplete information will hurt you. You are better off NOT FOLLOWING ME. Find a tactical trader or a really long term trader, which ever fits your schemes. The reason is short term trades end quickly with tight stops w/o consideration of other time frames whereas really long term trades don't require adjustments often. The adjustments are in intermediate time frames. I avoid the word swing trading because I disagree with the terminology.
I have been searching for "the route to 1670". I've explained this enough in the previous 10 posts that I will not go over it again. The previous post prior to this I had moved the crash back to late September or early October because I was really shocked that buying came in at 1911 on Friday. I wrote 4.4 to go long but then immediately questioned if I have done enough work. So I looked through PIMA and wrote "I DON'T THINK WE GET GET TO 2050-2060" and provided volume evidence for why. I wrote PRS LIVE 5's first piece in a "once bitten, twice "shy" state of mind and move the crash back too many days. Finally decided today to stop overthinking, and say what the charts say. I've said this other times before, I CAN'T PROMISE I WILL BE RIGHT, BUT I GUARANTEE YOU I HAVE COMPLETED DUE DILIGENCE.
Notes:
- For those that are new, I keep track of listed trades to prove my system legit. So the trades are numbered.
- The previous trade's entry was PRS LIVE 4.4, long Friday's close at 1939, target 2015, SL 1920.
- The next trade is PRS LIVE 5 to short the next move to 2015, I changed numbering so I can recall it later specifically.
- I had this guy complain that I change my ideas too much. For you to understand my process, go to my avatar page and LOOK AT THE PREVIOUS 9 CHARTS. The first of them is "THE BOTTOM SHOULD BE IN", where I called the bottom TO THE HOUR. I did not recommend a trade in that post and said those were my early thoughts. If you trade gold at any length, you will come to learn that these giant A-B-C'S (3 step massive corrections) are known for being unpredictable. If you look at the next 8 idea/charts posted following that, they are more or less the same idea. After an explosive top at 2075, we crashed 213 points in a couple of days. If it did not recover that 10% in the next 4 days to close the WEEKLY bar strongly, they crash is on, it's just a matter of where the second top or in this case, third top will be. These massive moves have draw downs that end in 8-9 weeks, but 90% of the move usually finishes in n 6-7 weeks depending how much of an extreme. That said, the route down has the same look BUT ARE NEVER REALLY THE SAME. The firs leg down is over (1862), I had thought the second leg back up was over a few days ago at 2015, but the buying out of futures just does not show ANY WEAKNESS THE NEXT 3 DAYS. For whatever reasons, futures buying is MORE THAN MAKING UP FOR PRIOR WEAKNESS IN SPOT STATUS QUO WEAKNESS IN GLD ETF. What tends to happen here is an attempt to to tag 2015 again, but figuring out when that will be is the really difficult part.
I am essentially trying to find the "high r/r short", but I have to recognize when I things change DESPITE HOW STRONGLY I FELT ABOUT IT. I enter every trade with conviction, but I will drop it in a heart beat if facts have changed. If you have difficulty with this, you are - without a doubt - a day trader or a short term trader. I have explicitly stated that PRS is an intermediate trading system. If you are a short term day trader or tactical trader, find someone THAT FITS THAT PROFILE to follow. If you follow my ideas, please actually read what I write including updates to each idea as I post them. Otherwise, applying the charts on incomplete information will hurt you. You are better off NOT FOLLOWING ME. Find a tactical trader or a really long term trader, which ever fits your schemes. The reason is short term trades end quickly with tight stops w/o consideration of other time frames whereas really long term trades don't require adjustments often. The adjustments are in intermediate time frames. I avoid the word swing trading because I disagree with the terminology.
I have been searching for "the route to 1670". I've explained this enough in the previous 10 posts that I will not go over it again. The previous post prior to this I had moved the crash back to late September or early October because I was really shocked that buying came in at 1911 on Friday. I wrote 4.4 to go long but then immediately questioned if I have done enough work. So I looked through PIMA and wrote "I DON'T THINK WE GET GET TO 2050-2060" and provided volume evidence for why. I wrote PRS LIVE 5's first piece in a "once bitten, twice "shy" state of mind and move the crash back too many days. Finally decided today to stop overthinking, and say what the charts say. I've said this other times before, I CAN'T PROMISE I WILL BE RIGHT, BUT I GUARANTEE YOU I HAVE COMPLETED DUE DILIGENCE.
Nota
THIS IS THE EVOLUTION OF MY THOUGHTS SINCE FRIDAY CLOSE (28 HOURS, NO TRADING):1) Put this up first because LONG IS THE TRADE.
2) Double check the work bc I REALLY DON'T THINK WE GET PAST 2020 OR SO.
3) Planning ahead for THE MASSIVE SHORT THAT IS COMING.
4) This piece you are reading, once my mind have settled.
Nota
I forget to ask often, but please CLICK LIKE FOR MY CHILDREN.Nota
Nota
BTW: PIMA IS SAYING PERFECT 30 DAY STRADDLE IF YOU CAN HANDLE PRICE SWINGS. IF NOT ABSOLUTELY PERFECT 90 DAY STRADDLE, YOU CAN WIN THEM BOTH.Nota
SUPPLEMENT FOR NEXT 4 DAYS!! 
Nota
CLOSE 4.4 LONG 1939 AT 1932.83 11:22 AM CT -- FOR RECORDSNota
Nota
GLD IS SAYING IT IS GOING TO 164 SOMETIME ON WEDNESDAY. SO DROP OF 17.50. IMPLYING GOLD WOULD DROP 185.Nota
That means a 1750 price for XAUUSD AND 1760 PRICE FOR GC1!. And no the futures chart does NOT say that. This is a tricky area.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.