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Why I See The Huge Sell-Off Intensifying:Please read

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https://www.tradingview.com/x/VuM5wRyf/

I have been so focussed on the VIX index. I wish I had checked its weekly stochastic levels in advance like I regularly do with Precious metals and Forex sometimes when i trade.

The USDX is pushing off this massive W/bottom on the 2 hour time frame. Imagine the double whammy effect this will have with the VIX and USDX rallying concurrently. Just my thoughts.

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Trade: Short XAU USD
At current market price, Sell
Stop Loss: 2500.30

註釋

Getting back to the bullish W/bottom on the USDX. It exists on the higher timeframes & price would need to reach 101.83 thereabouts for the breakout to really take effect. But it's why I see the Short trade next week for Gold and Silver. The price is getting run down from here. I said last weekend on a thread hear that the gold price might get down to 2434 this week. That might not happen today, but you never know. But next week, certainly it might.

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here.

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RE: Gold Short from Market Price 2493
Stay short now. There is a lot of price weakness under 2482
Bring your Stop Loss down to break even. Then you have a free trade:)

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The VIX INDEX I think is setting up for another run. It needs to break this trend line up around the orange line.

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Vix Index was retracing to its 61.8 level where it got support. Then formed a bullish W/bottom. Gold temporary rally is my feeling.

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Short XAGUSD @ Current Price > than 27.50
SL: 28.13
* I encourage you to risk only 0.25% to 0.5% of your TOTAL CAPITAL.

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* We ride off the back of the VIX Index which is right now forming a bullish W/Bottom on the 5m & 10m timeframe. A bullish Vix will be good for a Short in Silver.
* Apologies if you got stopped out of the Gold Short earlier. Breakeven if you moved your stop up as I suggested.
You could also get back in with a similar trade
SHORT GOLD @ 2493.50 to 2494 level.
SL: 2501.25.

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It's been a tough and not so easy trading week. Thank you for joining me once again. I've only been writing posts & ideas for a month or so but I already have some loyal followers.
Next week will be another difficult week, I think we can count on that. One thing I am mindful of next week is to not put out trade-suggestions too early. Today I don't think I even put out a Trade suggestion to go Long after the economic data, but the inference was that I was encouraging people to get Long merely by displaying Fib levels. Next week I wait until the 'dust-settles' so to speak. Often there are too many false-breaks up or down at the start of the NY session or following economic data. The market makers set the trap and then reverse the market. That is exactly while I will wait next week until I completely digest everything. I always prefer to protect your capital, not only mine. Speaking of which, I have not had a good week. I am only near break-even, I made come greedy costly mistakes. One thing I have to constantly pinch myself about and be aware of, is to only increase the betting amount when I am completely confident and certain about the direction of the trade. My weakness is to bet too big when I don't have those perfect trade setups. It's called greed.
I will monitor those short trades in silver and gold until NY ends. Have a safe and relaxing weekend.
Regards
Chris

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Short Gold & Silver
VIX is getting a bit sleep late afternoon in NY.
But there is this super low time frame setup that Im hoping will pump up vix soon and aid our shorts very soon.

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Once this H&S gets some traction it should lift VIX and also trigger the W/bottom. So im hoping for a big finish.

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A lift of the VIX and Short our trades out a bit. Stohastics and Rsi low timeframes about to cross up.

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A rallying USDX next week will be very impactful on the Gold Price. These Bullish Double Bottoms are higher time frame Daily (right) 120m(left). A break of the $ above 101.85 will trigger a big rally in the dollar. This will be impactful on the Gold price for the most part in a negative Short sort of way. I will be keeping a close eye on the VIX next week as well.

手動結束交易

The VIX did come home rallying as I thought it would, however, it did not have much impact on our Shorts so late in the session perhaps. Going into next week Short is not a bad spot to be but I have closed the trade manually & you can close out your positions if you wish, I'm sorry to say for a small loss. Take care everyone. Catch you next week. Australia out.
Chris

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ONE LAST THING: There is a HUGE buy opportunity coming soon in BITCOIN BTCUSD. More next week on that. It will be a BUY LONG opportunity. HUGE!

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BCHUSD: HUGE OPPORTUNITY NOW if you trade BITCOIN.
DAILY HEAD N SHOULDERS..... DAILY CHART.... WHY IT'S SO BIG.
PRICE IS AT THE NECKLINE. I DONT BELIEVE IT HAS RETESTED AS SUCH.
IT'S A SHORT-SELL.

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HERE IS THE CHART.... ITS A DAILY CHART.
I suggest to trade it you draw your neckline similar to mine on the Daily and then to trade it drop to a small timeframe like the 5m.

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Guys, potentially from how I was taught to calculate H&S TP levels.... TP is potentially massive down at 28.

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The Bitcoin Trade I mentioned for next week....It's actually setting up now.... ITS A BUY_LONG....Basically it's severely oversold... TAke a look anyhow BTCUSD

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UPDATE BITCOIN:
Guys this is severely oversold. This is the trade you could possible ride all the way to the WEEKLY Cup & Handle. This is gonna fly guys.

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* Just for Disclosure because I hate for you to miss out:
I am also long on ETHUSD (severely oversold)
SOLUSD (severely oversold)
BTCUSD (especially severerly oversold on all timeframes)
I am short on BCHUSD Daily Head n Shoulders.

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BTCUSD
The most recent retrace...the fib levels were rejected...too much buying coming in.

手動結束交易

ONLY BCHUSD: It got caught up in the sell H&S but turns out its severly oversold as well. I closed out at a small loss. I was up nice in profit before it turned around. Be careful if you shorted it. Get out.

取消訂單

Closed out longs on Crypto. It gets better next week.