2nd Possibility...

Only Gold!

Gold daily chart wave count and possible scenario... 1277 must hold in order for this wave count to remain applicable....

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Glad to know... GL! Have a good one...

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That is extremely wise and a good observation... Indeed it it breaks those levels then we could go way down and you are better off buying again at more lows... Great to see you have flexibility and not "extremely rigid" about your positions... as it ...

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got stopped out at breakeven... Short again at 1297 sl at 1313... If price rises will short again (% based) until 1313 gets taken out...

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That was well played... Only blip in that is the buys on 1337... but i guess that will be a different story when price is above 1400

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Got triggered at 1299 ...... sl moved to 1298.4 - Tp1 1285 Hmm... hopefully this will not bounce back as a pinbar reversal candle on the daily... Even if it does that might just give me a better short placement; a little ...

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That's a fair comment

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Thats very true... ( I had been wanting it to go down from 1330... but it just shot up higher) Indeed 6 weeks of rallying and one day just took out a months worth of gains... It will/would take a lot for price to stay above 1300.

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Don't worry After 106.9 we have 1.06750-00 at 61.8 fib level... which also happens to be the last top on the hourly (last line of defence)! You are good until then! But i am gunning on 1.06900 to hold as it should mark the start of wave 3...

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In my view; this is only correcting (retracing)... The trend is well in tact as long as we make higher highs and higher lows from now on... I would not worry until price crosses and closes below 1.06900.

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Totally! I was dumbfounded by that leg up from 1330... didn't fit in the ew moves...but as long as one is aware of important levels... money can be made and "saved" if you put appropriate stop losses... I would expect the same when the market ...

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99.89 is a very important level on the weekly chart... if price closes below this level on the weekly bar; this could signal more selling in the coming weeks... Hopefully this level right now until 99.89 should hold and form a support layer.... ...

US Crude Oil with smart VSA and Dark Seasons [only]

99.89 is a very important level on the weekly chart... if price closes below this level on the weekly bar; this could signal more selling in the coming weeks... Hopefully this level right now until 99.89 should hold and form a support layer....

US Crude Oil with smart VSA and Dark Seasons [only]

Welcome back from your break Mitch... ( you missed the move up ehh?) Holding the same view... expect would look to short at a break of 1300 and tp 1280... Even though long now to 1328 is also a good trade.. but should only be taken with a strict sl ...

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Doesn't matter... IMO Fibs are only as good as giving them context --- without a context they become useless... 50 day moving average is common in the industry and used by many people...hence it too becomes important! But no way am I going to rely ...

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According to Bo Gold topped out on june 27th-july 1st Now we go into summer low.... url

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same can be said about the 50 ema and 150 ema on the daily chart...

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Wow... That's a big move overnight (luckily got out at break even)... The wave structure is finished/broken as 1324-1328 was taken out... Now lets see this correction and wait for something more convincing to develop...

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You know what... that post by FXanil is kind off troubling me (just the last bit regarding "a high CAD to boost exports)... So I went back to the original post and the conversation between Fx anil and workingforex; and workingforex implied the same ...

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