#002 GOLD 12-HOUR EXTRAPOLATION
SUMMARY - This is the second 11/29, 15-min bar, 12-hour partially detailed, CONTINUOUS EVOLVING FORECAST for direction and shape of price action in FX_IDC XAUUSD gold ticker. Continuing from #001, this is now base case.
WARNING - As a precaution, the first rule of trading is don't lose money. As a reminder, the second rule of trading is don't forget the first rule. As usual, this MUST be used with continuing notes posted throughout duration of this forecast to supplement - not replace - your trading discipline and risk management. -- However, TradingView policies prevent me from updating regularly. So until that issue is solved, this is just a 12-hour view from my end. -- As of late, forecasts are once/twice per day to be continuously relevant. However, from here to March 10th, 2024, I will have to play it by ear as I have to pay more attention to execution and less to forecasting. As always, when price action disagrees with forecast meaningfully and I do not respond in time, SCRAP THE FORECAST and trade defensively.
HOW TO USE - Read the notes I add, they are continuously updated to be relevant as much as possible.
DETAILS - Links for most recent and relevant posts are below for background and how we got here. I recommend that you replay them (especially if you are new to us) occasionally as frame of reference, but most importantly, as evidence that these forecasts help you cash day in and day out. Ask my readers.
IF MY FORECASTS HELP YOU MAKE REAL MONEY - Help me out by spreading the word to people you know PERSONALLY. Word of mouth is the best way to help make this a thing. The more demand I have for this, the more posts on more tickers I will make. The current rates of followers and readership is really not worth it for me to keep going, but I keep trying to make you money. everyday If you don't have friends because your wife say they are too much fun, well then I guess hit the boost/like button.
WARNING - As a precaution, the first rule of trading is don't lose money. As a reminder, the second rule of trading is don't forget the first rule. As usual, this MUST be used with continuing notes posted throughout duration of this forecast to supplement - not replace - your trading discipline and risk management. -- However, TradingView policies prevent me from updating regularly. So until that issue is solved, this is just a 12-hour view from my end. -- As of late, forecasts are once/twice per day to be continuously relevant. However, from here to March 10th, 2024, I will have to play it by ear as I have to pay more attention to execution and less to forecasting. As always, when price action disagrees with forecast meaningfully and I do not respond in time, SCRAP THE FORECAST and trade defensively.
HOW TO USE - Read the notes I add, they are continuously updated to be relevant as much as possible.
DETAILS - Links for most recent and relevant posts are below for background and how we got here. I recommend that you replay them (especially if you are new to us) occasionally as frame of reference, but most importantly, as evidence that these forecasts help you cash day in and day out. Ask my readers.
IF MY FORECASTS HELP YOU MAKE REAL MONEY - Help me out by spreading the word to people you know PERSONALLY. Word of mouth is the best way to help make this a thing. The more demand I have for this, the more posts on more tickers I will make. The current rates of followers and readership is really not worth it for me to keep going, but I keep trying to make you money. everyday If you don't have friends because your wife say they are too much fun, well then I guess hit the boost/like button.
Note
11/29 5:44 PM - PLEASE BE AWAREa) while this is base case,
b) the rug pull zone is inching closer and closer
c) so either we spike all the way up and get rug pulled
d) or we go sideways, and get monkey hammered
e) but both of these events will finish before Friday is over
Note
6:20 PM I THINK IT FOLLOWS ORANGE FIRST DOWN, MAYBE A FAKE OUT.. MAYBE NOT...a) it makes the most sense here, to fake out going down...
b) if it's really a fake out
Note
7:08 PM FINAL ANSWER? I think so:Note
7:26 PM ET DON'T SWEAT THE DETAILS HERE:Note
a) in chart above, it doesn't matter ultimately...b) we just need to be at 48-50 ish around 4-5 AM ET...
Note
Comment:12:30 PM ET MY LACK OF UPDATES...
a) TradingView has told me that I can't give you that many updates...
b) this is essentially my last warning bc they've told me before and I don't want to get banned
c) the way to keep you updated w/o breaking that rule would be new post every 4-6 hours
d) I've thought of this before, and thought it was too annoying to do..
e) but we just might have to do that...
f) bc of the "constant updates" it give my post unfair visibility over other peoples
g) so instead of doing 12-hour, Iam going to have to 6 hour charts..
h) that way I THINK I can add a lot of updates to each post during the first 6 hours and it might work..
i) bc after 6 hours has passed, I wouldn't be "updating" that post anymore
j) and it might not work and they could shoot it down anyway
k) we will see
12:33 PM ET, IT NEVER MADE IT TO 48-50 AT 4-5AM (last note I added last night)
a) so does that mean full on bear?
b) I am not sure...
c) in theory, it does, I am trying to check all the blind spots before I post something
d) but I did say in the first notes at the top that you should BE AWARE WE were approaching a zone of selling
e) I still think so, I am just trying to double check my work
f) will post new chart #003 at 6-HOUR soon
Order cancelled
THIS POST HAS ENDED - HERE IS #003:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.