EURNZD, XAUUSD, EURUSD / Transitions
Updated
Feels so good receiving messages from old followers who remember transition trading and asked what happened with it.
Things change as time goes by. Just like this site, back in the day was like a room where VIP people would come to Smoke a Cigar and Drink Whiskey.
Now it feels like a place to come and smoke cheap cigarettes and poorly made Vodka while reading " yellow press ".
Transitions were unique, but they start to fail, to the point where they were no longer tradable. Something changed, and I still have no actual luck to find out what.
This is the Old transition formula that was used:
prnt.sc/ol56is
The thing I am certain about is that it is something to do with * ( multiplying ) values with Fibonacci numbers.
Something has changed there. Because I managed to get a precious transition on EUR NZD way higher.
prnt.sc/ol583t
As you can see it came pretty low, and if you still want a trade you can jump in EUR NZD at every pullback.
First Transition Target is 1.6320 and second 1.6000
Here is a little footage with possible transition targets for EUR USD, just like with Gold ( will mention lower ) I think we will have a push-up, but EUR USD is in front of a possible fall, Upside transition targets match with main Pivot marked in pink. Anywhere below the pivot completing transition targets EUR is at risk for the fall. But every transition target has to be activated by 20 pip break which is followed by 28 pip fail to consider the target being valid.
Targets you can write down for the downside are in the footage:
drive.google.com/file/d/1n0Ot50U9lg6CTnI8Q6j9XyxhpqYdcb37/view?usp=sharing
They should be working well. In the idea I posted about EUR USD - Draghi Millionaire, I posted a big move up, which was canceled by the behavior rules, because if I look at 303 length it is ok, but 505 is stronger and more important, and it's not showing upside targets.
Gold is interesting. I have tested more than 34 transition modules with 303 and 505 pip phase length and found one is really close to the truth.
If now I would have found truly the right one, I would be almost certain about the target. But this is a little bit confusing.
Since it is 80% close to the previous formula, I marked 2 targets.
1386 and 1277.
As well I marked 1467 because I think we will have one more push up but it should not exceed 1467 level by 10$
Actual Reversal Transition is 1459 + 4.2$ extension = 1463.20 usually these reversal transitions should be hit, so once again a push up is expected to that area. If so, then I will definitely use that area for sell, if not then I will monitor 83 length intraday transitions for sell opportunities.
Timeframe to reach 505 pip length transition target from now is 2 months, otherwise, it is considered a fail + as well it should not exceed the mentioned level otherwise it is considered as false too.
I will have a close watch at how it develops, and it would be a new beginning of re-crafted transitions that I could put to work again.
I will use the possibility to sell Gold for the big drop if this is valid.
Good Luck to everyone.
Things change as time goes by. Just like this site, back in the day was like a room where VIP people would come to Smoke a Cigar and Drink Whiskey.
Now it feels like a place to come and smoke cheap cigarettes and poorly made Vodka while reading " yellow press ".
Transitions were unique, but they start to fail, to the point where they were no longer tradable. Something changed, and I still have no actual luck to find out what.
This is the Old transition formula that was used:
prnt.sc/ol56is
The thing I am certain about is that it is something to do with * ( multiplying ) values with Fibonacci numbers.
Something has changed there. Because I managed to get a precious transition on EUR NZD way higher.
prnt.sc/ol583t
As you can see it came pretty low, and if you still want a trade you can jump in EUR NZD at every pullback.
First Transition Target is 1.6320 and second 1.6000
Here is a little footage with possible transition targets for EUR USD, just like with Gold ( will mention lower ) I think we will have a push-up, but EUR USD is in front of a possible fall, Upside transition targets match with main Pivot marked in pink. Anywhere below the pivot completing transition targets EUR is at risk for the fall. But every transition target has to be activated by 20 pip break which is followed by 28 pip fail to consider the target being valid.
Targets you can write down for the downside are in the footage:
drive.google.com/file/d/1n0Ot50U9lg6CTnI8Q6j9XyxhpqYdcb37/view?usp=sharing
They should be working well. In the idea I posted about EUR USD - Draghi Millionaire, I posted a big move up, which was canceled by the behavior rules, because if I look at 303 length it is ok, but 505 is stronger and more important, and it's not showing upside targets.
Gold is interesting. I have tested more than 34 transition modules with 303 and 505 pip phase length and found one is really close to the truth.
If now I would have found truly the right one, I would be almost certain about the target. But this is a little bit confusing.
Since it is 80% close to the previous formula, I marked 2 targets.
1386 and 1277.
As well I marked 1467 because I think we will have one more push up but it should not exceed 1467 level by 10$
Actual Reversal Transition is 1459 + 4.2$ extension = 1463.20 usually these reversal transitions should be hit, so once again a push up is expected to that area. If so, then I will definitely use that area for sell, if not then I will monitor 83 length intraday transitions for sell opportunities.
Timeframe to reach 505 pip length transition target from now is 2 months, otherwise, it is considered a fail + as well it should not exceed the mentioned level otherwise it is considered as false too.
I will have a close watch at how it develops, and it would be a new beginning of re-crafted transitions that I could put to work again.
I will use the possibility to sell Gold for the big drop if this is valid.
Good Luck to everyone.
Note
I don't know how many of you remember roll-over transitions. Basically on that template 1427 is a roll-over transition. I have not monitored that template for a long time, but based on old rules, this means today there could be a move. We have been slow on Gold now, so if the rules still work there should be an aggressive move based on this transition. Transition H is 1429.9 and Transition L is 1427.5, below it a bearish move is expected. Maybe a tag of 1386 is possible. Let's see.
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