RSI oversold - Ready for a further long?
We are trading near the mangenta box`s bottom. Let`s Play the same again like in my former views?
My illustrated "Box-Analysis" is still active.
Possible Levels for a new Long entry are the fibos. To Play the box, the Price ideally will turn around between the min and the normal correction Level (38,2- 0,5) = 1330
This would be the entry for the risk loving countertrader, the falling-knife-catcher ;-)
The "Patient Trader" Version has to wait till the Price Drops through the mangenta box`s bottom (stopsell / tp bottom blue box)
For a better understanding, feel free to read my former views.Best Regards Mary
Former Views:
September: Gold = 1435$?
I nearly can`t believe that my former views were all slam-dunks! :-) Crazy!
Currently we still have a pure bullish Situation in this TF.
The requirement for a further upwave to 1435$:
Beating the mangenta Box can be seen as the first longsignal, but not the "real" one.
Only trading above the blue Box will activate the flag and open the way up to 1400$. 1375$ is the Level to watch!
Trading below 1300$ will destroy the bullish Setup.
2 interesting Trading Boxes Part II
Please read my former view first (see below)
These hours we have reached the TP of my former view (see below)- the bottom of the illustrated blue box! So i have to update my view.
We played the in my main view illustrated variante no. 2 (mangenta box - see below).
Now i see the chance to play variante 1 of the Blue Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.300$. Box TP1 would be the bottom and upper edge of the mangenta box and than the upper edge of the blue box again
At the blue box`s bottom we have a classical action point were a decision has to be made. Here you could make a straddle - that means you open 2 positions, one long at the present level and a stoppsell order below todays low with a sl near above the blue boxs bottom edge.
The streesed out BBs, the four times bought supportlevel and the bullish wedge in combination with an oversold RSI could be a nice anticyclical and risky longchance.
We are here: also enar the next longterm action point
2 interesting Trading Boxes!
Since July, a Trading Box appeared: 1306$ - 1375$.
Within that Box, we can see the next shortterm Box which reaches from 1330$ to 1356$
Interesting are the edges from each Box.
Trading ideas Blue Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.300$. Box TP1 would be the upper edge
On the other side, the Risk Lover could sell the upper edge @ 1.375$ (SL near above that Level) TP=Box`s Bottom
2.The cyclical patient Trader would prefer waiting till we break through one of the Box`s edges (Stoppbuy or Stoppsell with a closely SL near the edge)
Trading Ideas Mangenta Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.330$. TP1 would be the upper Boxedge mangenta, and TP2= upper BoxEdge Blue. On the other side, the Risk Lover could sell the upper edge @ 1.356$ (SL near above that Level) TP1=Mangenta Box`s Bottom/ TP2 Blue Box`s Bottom
2.The cyclical patient Trader would prefer waiting till we break through one of the Box`s edges (Stoppbuy or Stoppsell with a closely SL near the edge) TPs are the edges of the blue Box
My illustrated "Box-Analysis" is still active.
Possible Levels for a new Long entry are the fibos. To Play the box, the Price ideally will turn around between the min and the normal correction Level (38,2- 0,5) = 1330
This would be the entry for the risk loving countertrader, the falling-knife-catcher ;-)
The "Patient Trader" Version has to wait till the Price Drops through the mangenta box`s bottom (stopsell / tp bottom blue box)
For a better understanding, feel free to read my former views.Best Regards Mary
Former Views:
September: Gold = 1435$?
I nearly can`t believe that my former views were all slam-dunks! :-) Crazy!
Currently we still have a pure bullish Situation in this TF.
The requirement for a further upwave to 1435$:
Beating the mangenta Box can be seen as the first longsignal, but not the "real" one.
Only trading above the blue Box will activate the flag and open the way up to 1400$. 1375$ is the Level to watch!
Trading below 1300$ will destroy the bullish Setup.
2 interesting Trading Boxes Part II
Please read my former view first (see below)
These hours we have reached the TP of my former view (see below)- the bottom of the illustrated blue box! So i have to update my view.
We played the in my main view illustrated variante no. 2 (mangenta box - see below).
Now i see the chance to play variante 1 of the Blue Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.300$. Box TP1 would be the bottom and upper edge of the mangenta box and than the upper edge of the blue box again
At the blue box`s bottom we have a classical action point were a decision has to be made. Here you could make a straddle - that means you open 2 positions, one long at the present level and a stoppsell order below todays low with a sl near above the blue boxs bottom edge.
The streesed out BBs, the four times bought supportlevel and the bullish wedge in combination with an oversold RSI could be a nice anticyclical and risky longchance.
We are here: also enar the next longterm action point
2 interesting Trading Boxes!
Since July, a Trading Box appeared: 1306$ - 1375$.
Within that Box, we can see the next shortterm Box which reaches from 1330$ to 1356$
Interesting are the edges from each Box.
Trading ideas Blue Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.300$. Box TP1 would be the upper edge
On the other side, the Risk Lover could sell the upper edge @ 1.375$ (SL near above that Level) TP=Box`s Bottom
2.The cyclical patient Trader would prefer waiting till we break through one of the Box`s edges (Stoppbuy or Stoppsell with a closely SL near the edge)
Trading Ideas Mangenta Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.330$. TP1 would be the upper Boxedge mangenta, and TP2= upper BoxEdge Blue. On the other side, the Risk Lover could sell the upper edge @ 1.356$ (SL near above that Level) TP1=Mangenta Box`s Bottom/ TP2 Blue Box`s Bottom
2.The cyclical patient Trader would prefer waiting till we break through one of the Box`s edges (Stoppbuy or Stoppsell with a closely SL near the edge) TPs are the edges of the blue Box
註釋
we dipped the mangenta box bottom ! (below the bottom is the shorting-zone) 註釋
they bought the first dip - let´s see...if we can trade above the box`s bottom, i hold the long. below that box you could open a shortposition as well (hedge) 註釋
last chance to retrace ....kissed the holy 61,8 註釋
dipped the mangenta box 註釋
trading below 1320 is bearish註釋
still bearish..will we really aim the blue box`s bottom again? 註釋
xau did it again :-) kissed blue box`s bottom (2 Dollars away) the mangenta "patient-trader-trade" worked again - wow - now the aggressive countertrade could play the "blue-box-bottom" again with a long.....the patient bo-trader has to wait till we brak through the blue box! cheers 註釋
1300 is the Level to watch..here is the crr for an anticyclical longtry nearly perfect but risky (falling knife) Trading below 1300$ coul initiate a temporarily massive selloff註釋
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oh oh 註釋
Blue Box botttom as entry worked again! 註釋
this H&S should help our Long :-) Nice!! 註釋
blue box trade in full swing :-) 註釋
reached again tp (mangenta box) YESSS!!! that`s really amazing... 註釋
yihaa...my followers should know what do do..reached next Action Point again....blue box trade was super - now the next mangenta trade is in full swing...save your entry, and quickly Change your Position if we could break through the mangentas bottom again -good luck 註釋
next ultrashort flag attack 註釋
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next H&S? 註釋
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xau left the box and dived into the sell area down to the blue`s box bottom. the flag is nearly history...i think a flag retrace should not be more than the fib 0,5. let`s see 註釋
RSI is oversold - it could be an ugly beartrap註釋
After the mangenta short trade reached the tp today, you followers perhaps opened the always mentioned "blue box" patient -shorttrade...- today we see the big dynamicTrendbreak - this also was the start of the "bluebox" trade . xau is Kissing the EMA 200 at the moment ..RSI oversold now..
Is this level the level for a little rebound up to thtodays breakout level, the 38,2 fibo?
註釋
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