mickni38

mickni38

Daily Chart: Elliot wave and fake breakout. This week there is a lot of news on the program. Expect a fake breakout to take liq or maybe even a double fake breakout. My guess is that first it take liq down and after that takes liq up, and then a big move downside

mickni38

Waitingg, waiting, waiting now there is wyckoff I hop for 1% this this time. But today it is friday 17.50 so maybe it is not a got time to do a trade. But I hope it will hold with my 0.10% stop loss

mickni38

Gold have going up in three big steps, so now it is time to go DOWN for a while. why ? - it is still a down trend when looking at daily. - no important US financial meetings before friday - there is divergence (1H) - a LOT of imbalances - a break of structure (1H right now) - the 1700 seems like a good point to go long again There is also a FIB area(yellow) but...

mickni38

Earlier today I got 50p that was ok. The pair did not rise as expected and went up, down, up and down again. But now I will try again for a VL (Very Long) I enter right now, so lets see what the night/morning brings SL = 0.10%

mickni38 Updated 

Another Guess from me. As everything else in Forex trading here is another guess. We all have an analysis that look like this, and the banks knows that :-) So maybe I should try to do the oppesit next time I come up with an analysis. But for now I will try this... Note: Instead of waiting for the price to come down to the buy zone, I will take a 50P short down...

mickni38

Monday-Tuesday "guess" from me Monday: reaching 1.000 when London starts, look after a dobbel top or inverted pin hammer befor going short on a big 100p retracement, to the green area. tuesday: from green area you can go long the the red area, and from here it can be either further long up to 1.000 or short to 0.975

mickni38

Going short right after London session start. A double 5M top starts the trade We are now up so it is time to go down, a lot of liq is waiting beneath.

mickni38

The EU and US session is about to overlap and gold is down and touching the 1700 three times on the 5M. We have asian and EU high of the day at almost at the same level so take some pips :-) before 16.00 EU time. And there is a good divergence for long. Stop loss at 0.10% Lets see if my analysis will give some money.

mickni38

50P on gold before all the meetings in US. set stop loss under YL (Yesterday low) if the 50P is not there before 14.30 (Copenghagen time) then take profit, just to be sure lets see if my analysis holds :-)