Gc!
GC - long opportunityGC is on the lower balance level on H1 timeframe and it's consolidating.
If the price breaksout balance1 we will buy
Gold - GC 1 hourI have a cool mate in my ForkTrading Group. He is trying things out, ask questions, sends me charts and throws comments in the blog section.
Hi has quiet a good eye.
And he's willing to learn.
Today I got a chart about Gold from him. I gave him feedback, attached with this two charts.
This one is a middle view of both.
First I always want some context. Especially if I go down below Daily timeframes.
And then I look for details.
Like the Sine-Wave, Intention, S&R etc.
Here's my thinking about a trade in GC 1H:
If anything, I would wait for a pullback in this hourly timeframe to go short.
What do you think?
Post your comment and if you like to learn to earn, get my free ForkTrading BLUEPRINT.
P!
Emilio
GC - sell opportunityAfter the balance goes down the price is in down trend. If the price will return back to the lower balance level we'll sell it
Short Gold_Daily Sell Signal_Overbought stochastic rolloverI have been short gold for a few weeks now based on my personal (see attached.) Price has ripped up harshly but that isn't stopping me. Unless we poke above that high I am still short.
Stop at 1366.6
Entry: Sell -2 @1343.4
T1: sell 1 contract at 1320.2
T2: Sell 1 contract at 1297.0 to close out position
GOLD - GC With a nice tellAs you can see, there's a huge bar screaming at us.
It broke out of a pressure resistance.
I expect it to pull back, just to scare everyone out of this long opportunity.
My ForkTrading Members got a video today, how I would approach it to stalk a trade.
Subscribe and get the videos I do for my FTG tribe (see footer here on TradingView).
P!
Some trade that BigPOW triggered todayHere are the days trades that BigPOW generated for multi day swing trades, actually ES triggered yesterday.
GC long FEb 8 at 1320
NQ short Feb 8 6475
ES short Feb 7 2684
ZB short Feb 8 144'24
will keep updating as new trades hit and watch these trades. BigPOW is new adaptation of the Day trade Algo
GC - flatGC is flatting between levels 1324.4 - 1318.9. And this levels are POC of last days. We can sell or buy GC on border of flat:
sell1 - 1324.4
stop1 - 1327.2
target1 - 1318.9
buy2 - 1318.9
stop2 - 1316.3
target2 - 1324.4
Gold Future (CME)Double Re-penetration Pattern. Trade setup with Buy Stop position (EP) at 1337.5, Stop Loss (SL) at 1333 and Take Profit (TP) at 1342.
Money Management
I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons)
It is 4.5 Tick from EP to SL, with 1 Con, I will lose 4.5 * $100 = $450
To lose 1,140 USD I need to open 1,140 / 450 = 2.53 Con
Then I will put 2 Contract
If I win, I will gain (1342 - 1337.5) * $100 * 2 Con = $900
Gold Future (CME)Turtle Soup. Trade setup with Buy Stop position (EP) at 1336, Stop Loss (SL) at 1329 and Take Profit (TP) at 1350.
Money Management
I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons)
It is 7 Tick from EP to SL, with 1 Con, I will lose 7 * $100 = $700
To lose 1,140 USD I need to open 1,140 / 700 = 1.62 Con
Then I will put 1 Contract
If I win, I will gain (1350 - 1336) * $100 * 1 Con = $1,400
GC - Gold Chart with 4 different concepts.1. Forks
2. Action/Reaction
3. Support/Resistance
4. Frequency
Learn to earn is the best way to become a independent trader.
Check out my website and start today.
P!
GC - Gold and a quick Action/Reaction lessonOn my private blog (see footer), I teach about the pure Action/Reaction and show prove of concept on the ES-E-Mini.
Here we have Gold and this shall be a tiny appetizer, before you grab the whole menu.
Watch and learn.
P!
§8-)
GC - Gold Weekly OverviewTopics I talk about:
Swings
Forks
Tests & Retests
Information from the Forks
New peaces to the puzzle - Levels
Potential trade
One leg down then Fasten seat belts Late stock market cycle (may last longer than you think) is bullish for gold . A weaker U.S dollar may add acceleration to the velocity.
Gold (Futures GOLD CME) Sell Limit - $1290.00 (Target $1250.00)Gold Futures CME - GCZ2017 December 2017
Signal:
Sell Limit - $1290.00
Take Profit - $1250.00
Stop Loss - $1325.00
