PITCHFORK - CFD XAUUSD Analysis Q3 2018Analysis for XAUUSD Q3 2018
Current price is around the lower line pitchfork
Best opportunity to go long
If the price make a reversal here and keep the momentum upwards
Price expectations are able to reach the median line
However bearish momentum is strong, confirmation price break lower line pitchfork
CFD
XAU/USD Still HOLD for me!XAU/USD still didn't show a clear path, but I would suggest on the Medium-term to accelerate back to 1300s! But for me now I will wait and watch because there might be a bit of room to the downside to go to drop till 1242 and then hike back in case no breakout confirmed! (That's way I will be extra cautious)
Has the uptrend ended?It was a story of five months ago when I made a move towards 2900.0.
Currently, it can be seen from the daily story that 2800.0 acts as a strong resistance, preventing up trend persistence.
Daily
I assume that this symbol is not considered an uptrend already.
However, most recently it is likely to consider trading using a support line from Double Zero 2700.0.
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1) Double Zero Judged that 2700.0 functioned as a resistance line.
long entry.
The first limit is under thin horizontal line 2738.6.
The second limit is under WePP (P) 2756.0.
2) It can not be determined that double zero 2700.0 functions as a resistance line.
There is MPP (P) 2678.0 under Double Zero 2700.0, so I do not think of a short. I will observe.
Finally, WePP and MPP will be updated on Monday as weekend and monthend are approaching.
Flexible response is required.
It is a good choice not to enter if you feel difficult.
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
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Has the uptrend ended?It was a story of five months ago when I made a move towards 2900.0.
Currently, it can be seen from the daily story that 2800.0 acts as a strong resistance, preventing up trend persistence.
Daily
I assume that this symbol is not considered an uptrend already.
However, most recently it is likely to consider trading using a support line from Double Zero 2700.0.
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1) Double Zero Judged that 2700.0 functioned as a resistance line.
long entry.
The first limit is under thin horizontal line 2738.6.
The second limit is under WePP (P) 2756.0.
2) It can not be determined that double zero 2700.0 functions as a resistance line.
There is MPP (P) 2678.0 under Double Zero 2700.0, so I do not think of a short. I will observe.
Finally, WePP and MPP will be updated on Monday as weekend and monthend are approaching.
Flexible response is required.
It is a good choice not to enter if you feel difficult.
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
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How long will the resistance of Double Zero 3.000 last?As last week, I am taking measure of double zero 3.000 to function as a resistance.
However, Please be aware that the low price is rising and it is a price move that has not given up trying to penetrate double zero 3.000 above.
But, at the moment, I consider a short as judging that double zero 3.000 has functioned as a resistance.
<< tactics >>
1) It was judged that double zero 3.000 functioned as resistance
short.
The 1st limit is above the thin trendline which is now reaching around 2.920.
The 2nd limit is thought to break the trend line and is on WePP (S1) 2.863.
However, if it reflect on WePP 2.952,we need to think about escape.
2) It can not be determined that double zero 3.000 functions as resistance
I will observe. Because there is an unknown the strength resistances above the double zero 3.000,MPP (R1) 3.028 and YPP (P) 3.052.
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
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How long will the resistance of Double Zero 3.000 last?As last week, I am taking measure of double zero 3.000 to function as a resistance.
However, Please be aware that the low price is rising and it is a price move that has not given up trying to penetrate double zero 3.000 above.
But, at the moment, I consider a short as judging that double zero 3.000 has functioned as a resistance.
<< tactics >>
1) It was judged that double zero 3.000 functioned as resistance
short.
The 1st limit is above the thin trendline which is now reaching around 2.920.
The 2nd limit is thought to break the trend line and is on WePP (S1) 2.863.
However, if it reflect on WePP 2.952,we need to think about escape.
2) It can not be determined that double zero 3.000 functions as resistance
I will observe. Because there is an unknown the strength resistances above the double zero 3.000,MPP (R1) 3.028 and YPP (P) 3.052.
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
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Does MPP (P) 22372.6 work?There is no trend, it is NK225 that goes between 22000 and 23000 range.
However, it is still difficult to understand price movements.
I think that there is no problem by doing both trading and selling.
<< tactics >>
1) MPP (P) 22372.6 can be recognized as functioning.
short.
There is WePP (S1) 22195.6 on the way, but thought to penetrate, it limits above 22000.0.
However, consider exit if it is reflect cleanly in WePP (S1).
2) MPP (P) 22372.6 cannot be recognized as functioning.
Pierce the MPP(P) upwards and recognize the support and consider the long.
I think that double zero 22500.0 is losing its function. But if it works I thinks of exit.
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- --------------------------
Does MPP (P) 22372.6 work?There is no trend, it is NK225 that goes between 22000 and 23000 range.
However, it is still difficult to understand price movements.
I think that there is no problem by doing both trading and selling.
<< tactics >>
1) MPP (P) 22372.6 can be recognized as functioning.
short.
There is WePP (S1) 22195.6 on the way, but thought to penetrate, it limits above 22000.0.
However, consider exit if it is reflect cleanly in WePP (S1).
2) MPP (P) 22372.6 cannot be recognized as functioning.
Pierce the MPP(P) upwards and recognize the support and consider the long.
I think that double zero 22500.0 is losing its function. But if it works I thinks of exit .
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
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Price is relatively low, looks like good place to accumulatePrice is relatively low, looks like good place to try some long positions. We are still in sell trend so be careful, build some low-cost pyramid with good RR ratio, at least 3:1.
My setup will take some Bitmex founding cash for sure, still more shorts than longs. I accumulated some contracts at 6034-6118, SL under 5900, be aware of big red candles with huge momentum, don't SL too thigh.
Will close the deal around 6400-6500 or sooner, depends on how market will behave, then we probably still heading for 4800-3600$.
Don't waste your fee money on Bitmex liqudation - open some stop market position over your liquidation price.
Natural gas that became difficult to penetrate 3.000?It was stopped cleanly at MPP 3.028 last weekend and pushed back, it raised it again, but this time it was pushed back to double zero 3.000.
weekly chart
In terms of weekly chart, it is sometimes the center of the range, and in the long term it is a market where we can not imagine which direction it will go.
In this situation, I think that we will continue to conduct short-term trade by seeing the young,and highly reliable resistance and support reactions.
1) Double Zero Judge that 3.000 functions as resistance.
Short and set limits above MPP 2.853 or above 2.900.
2) It is doubtful that double zero 3.000 is functioning.
Return to MPP 3.02 again or possibly reach YPP 3.052, so continue observation.
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- --------------------------
Would gold decide to Downtrend?It is gold down since last Friday, but it is currently staying under YPP 1269.009.
If YPP functions as resistance as it is, if the trend line of the weekly feet below (currently around 1242.000) also goes down, I think that it is the aspect of the downtrend.
weekly chart
As the most recent trade.
1) Judge that YPP 1269.009 functions as a resistance.
Short and set limit above MPP 1258.160.
2) Pull out YPP 1269.009
MPP 1278.303 is above YPP1269.009, I think that the immediate long is difficult.
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- --------------------------
S & P 500 cleanly responded to horizontal line 2738.6The S & P 500, which has continued to raise for a long time, stopped raising before 2800.0 and then backed down.
Currently it is stopped by the horizontal line near the high price of last month.
Horizontal line 2738.6 is
1) Functioned as a support line.
Long until MPP 2768.0 long.(long if it can attack safely WPP 2762.1 long)
2) It does not function as a support line.
Wait for functioning as a resistance or wait for other resistance and follow with a short.
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo Line: Horizontal line or Trend line seen by weekly or monthly
Indigo fine wire: Horizontal line or Trend line seen by 4hourly or daily
Dotted dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
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Gold descending wedge breakout + retest? **Drag chart across to view text
**Ascending wedge arrow should be "descending wedge"
TECHNICAL
Reason 1:
Pattern: Ascending wedge
1. Broken out of ascending wedge sideways
2. Retested ascending wedge upper descending trend line on 15/06/2018 during selloff
Reason 2:
-RSI oversold at similar levels to in the past
Reason 3:
-At lower limit of daily bollinger band
FUNDAMENTAL
-US trade war escalating with china, canada, france
Still fairly new to trading, appreciate any comments, tips etc. Just an idea. I am not advising to place a trade
ICON seems to have build a bottom @0.00025 Thnxforthe tip aidanbI invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought Bitcoin, Bitcoin Cash, Ethereum, XRP-Ripple, ReddCoin, FeatherCoin, Adcoin ( ACC ), Bunny Token and looking for others every day! Bunny Token gave me good profit so far! I bought these in Pre-sale. I expect this is going to become huge!
Interesting coins, which I am looking to buy:
- EOS
- QASH
- Bitcoin-Gold
Do you have some good tips for crypto coins? let me know!
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My strategy
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence.
How do I decide to open a position or not? First I analyse:
- Sentiment on the market
- Own created indicators
- Moving-averages and Bollinger-Bands
Trading means investing. Sometimes you lose more than you win in the beginning of a period!
Don't forget to follow me, so you get updated when I post new analysis. Also read my account to be informed about what I do.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
Bull Run Under Pressure. New Trend?With the rumor of possible boost in production from the OPEC and Russia as well as US over supply, Was 73.00 the top? We'll know after the meeting on June 22.
We're now at the 78.60% are which has a strong resistance level. Is this valid?
Entry: 66.00
SL: 67.00
TP1: 64.00
TP2: 63.00
Silver - Bearish pin bar sell signalA large bearish pin bar candlestick has formed off of a key resistance level in silver. Price has been mostly trapped within a sideways range for a number of months. Only once back in April did it try to break it which failed. This is another failed attempt at a bullish breakout and could see price falling lower in the coming days. These are the exact types of candlestick patterns from the exact levels that we want to be looking for and trading. One potential entry we be selling at 16.80 on a 50% retrace of the pin bar, or for a safer entry (with a smaller profit potential) would be to enter on the break of the pin bar at around 16.63. These numbers may vary depending on if you are trading silver using mini futures, micro futures, etf, or CFD. In any case a 50% entry and an entry on the break are 2 common ways to enter a trade from a candlestick signal. The near term support is 16.20-26.25 which would make for a potential profit taking level.
Nifty going down to 10200?Nifty appears to be correcting in an ABC pattern (bigger pink wave). It has completed the A wave and is currently going up in the B wave. B wave is expected to first first take Nifty down to around 10500 and then up to around 10730 (or at the most 10850) where wave C is expected start. Wave C could take Nifty down to 10220 though this level would also depend on the level of correction in wave B. Stay tuned!
Note: It is just for my own reference and is not a trading advice.
Morning Star setup from a pullbackCorn is in both a short and long term bullish trend. While the setup isn't perfect, it does offer a compelling buy signal in a currently bullish market. The Morning Star formed off of a pullback signally continued buying strength and is in line with the overall market strength.
SPX outlookAnother rebound off the 200dma, sets the SPX into a range between the 100&200dma, and also between 2 trend lines. CPI data tomorrow will determine whether we break to the upside, or push lower for another retest of that key 200dma support. Also good to note that the ~60 RSI level has not been broken on any bounce off the 200dma.
Platinum - Bullish BatWhat's up guys, here's a setup I've been looking at for a while. I'm not a position trader- I don't like to hold trades for any longer than a couple of weeks max. That aside, I have saw this pattern coming for almost 2 months since the B level was broken (one could have BAMM'd it!)
Here we have a bullish bat formation on platinum. The support level where the pattern falls has not been broken since 2016, and even that was brief. Since the chart in front of us began back in 2006 price has not been below the current support level for any longer than one month. For a precious metal of which there is less than one swimming pool on earth, price seems to be pretty low. This my prove to be a reasonable level for anyone looking to hold platinum long term.
Bat Ratios
B = 0.382-0.5
C = 0.382-0.886
D = 1.618-2.618
X to D = 0.886
Why $70 Oil Makes A Good Selling OpportunityYou can bet against the trend and lose your money. Or you can bet on the algorithm and make money. Today we look at the Crude Oil's future, literally. At $70 per gallon, crude seems way overpriced - at least to my estimated value which in my opinion should be right around $60, if not less. Let's watch what the market do.