Get started

EW

Massive Swing Opportunity on XAUUSD (Gold) Hi Trader, please look at my attached idea to get all the informations you need for the trade. We had a massive buying movement on yesterdays NY session which led us to new highs. Nonetheless I am still seeing a possible bearish outlook which would lead us to 1680s area once again, before we see the bearish case to be invalidated. This is due to daily timeframe which printed an obvious Zig Zag correction of the previous bearish movement from top at 1830 area. Looking at the inner wave structure of the bearish sell-off, it gives me reason to think that we may be in multiple Zig Zags, which would then lead to more selling pressure towards 1680s. That said, we are going to play this short very tight since this idea can be invalidated with new highs above yesterdays session. That way, we will have tiny losses in comparison to what we are able to achieve. Also, we'll be forced to cut our positions due to invalidation and reflect once again what is going on with XAUUSD. We wish you all the best! RL from RT_Trading_
OANDA:XAUUSDShort
by RT_Trading_
8
21/10/11 - GBPUSD is in a Flat ABC Correction - By RT_Trading_Good morning everyone, Today we are looking at are Forex chart as I think this could be an amazing swing opportunity for us. Sadly I didn't had the time to post this analysis when GBP hit our 124% entry which would be for you guys obviously the best entry too. I suggest to entry sells, when GBP is done retracing the previous sell-off movement that saw on 124% extension. Maybe there will be the possibility of another entry that is as good as ours. As you can see flat ABC's are very common in the market and they are a classical ''Bull Trap'' which occurs after a sell-off on a ''breakout''. Most traders would see this as a bullish breakout, but we are one step ahead and choose to sell at this point. We are pretty confident with this trade since the first cycle contains exactly 5 waves which are required for the first correction of this impulse. Since GBP is very bullish a flat is nothing to be amazed of, since Flats mostly occur when the market is very bullish. As always: You can read all information you need for your trade out of the chart. We are looking forward to your feedback! Have a good start into the week. This is no financial advice. RL from RT_Trading_
Short
by RT_Trading_
3
Dollar (DXY) is Heading Towards New Lows (Bottom Year 2024)Hi Trader, Today we are not coming up with an Intraday Chart. This time we are looking at the Dollar Index on monthly chart, to get an idea about where the direction of it will be in the longterm. This bigger picture should help us in our trading decisions when it comes to pairs that correlate with DXY such as XAUUSD (Gold) or the Dow Jones Index. Keep in mind, that my analysis is made out of technical tools. I'm not a fan of trading based on fundamentals even tho I am very interested in geo-economical events and I think that a large knowledge around economics is very important, no matter if you are a trader or not. My statement is: Technicals are way ahead of fundamentals. For example: R.N. Elliot calculated the bottom of the Dow Jones during the Cuba Crisis, not with the help of fundamental knowledge, but with the methods he built up during his studies. That said, what is next on DXY? As you know, I only use the Elliot Wave Theory for my analysis. According to this theory, we are currently in the a correctional zig zag, which occurs after the first cycle that consists out of 1-5 impulsive waves. Since we are currently looking at the monthly chart, it is unfortunately not possible for us to validate the individual waves, as we need smaller time units for this. But don't worry, I've checked them carefully. So you can assume that my count is correct. Anyway, we are currently in the C wave, which is the last corrective wave in the Zig Zag. If we look at the smaller time units we can see that we are currently in the fourth wave of the C wave, which is why the price has risen in the last few weeks and months. This wave 4 can retrace up to 50% of the movement of wave 3. I have marked this 50% Fibonacci level for you. I don't assume we will touch it, but it is still possible. Should we actually hit this top, I assume that this will be the trigger for a series of massive sell-offs, which will give the Dollar Index new lows. Two zones are relevant for us: The C = A extension at 87,415 and the 162% extension at 77,757. The impact should happen in 2023-2024. I calculated this using Fibonacci timeframes. As always, we look forward to your feedback! This is no Financial advice. RL from RT_Trading_
TVC:DXYShort
by RT_Trading_
21/10/07 - XAUUSD (Gold) Is In Flat Correction - By RT_Trading_Hello Trader, I'm happy to provide you with a new Idea based on XAUUSD (Gold) . Our last Analysis and forecasts had an accuracy of around 90% . We are very proud of our work so far. We also want to say thank you for the amazing feedback we got from your side. I can only repeat myself: Feel free to write us a personal message if you have any questions according to your trading and your possible trading improvements. We will help you where we can. That said, what is Gold doing next? By giving it a closer look on 15 minute timeframe, it looks like Gold has done building up its first impulsive wave that is made out of 1-5 wave in which wave 5 is an ending diagonal . After such a diagonal, a correction is the consequence. Since Gold is becoming very bullish we made a new high within this correction. This brings me to the conclusion that it can only be a flat pattern in which wave B exceeds the beginning point of wave a . Most traders would see this as a ''breakout'' and would start longing based on this PA. Nonetheless, we know how Banks play and we always are one step ahead. We engaged our Short entries at the top of wave B on the 124% Fibonacci Extension . Our RR will be amazing. Since a Flat can't exceed 124% we are allowed to easily get an invalidation area - this on the other hand allows us to play this short with a super tight stop - that means if we win our reward will be huge in comparison to our risk. If this Analysis fails (because you can never know if you are right or wrong), our loss will be minimized and we won't endanger our profits we made this week. That said, we wish ya'll the best of luck and a profitable day. This is no financial advise, RL from RT_Trading_
OANDA:XAUUSDShort
by RT_Trading_
10
21/10/05 - XAUUSD (Gold) Forming ABC Correction - By RT_TradingHi Trader, After our latest huge success I want to update the current XAUUSD Chart as I start to recognize a clear price action. The fact that Gold didn't make a new high trapped a lot of Elliot Wave traders since most were expecting another Leg up to complete the inner Cycle of Wave 5 which would then conclude to a bearish ABC correction of the overall cycle. What happened to Gold is a so called ''failed fifth'' where the fifth wave of a cycle cannot exceed above wave 3. This a uncommon price action and is a clear sign of weakness that shows us that bears are slowly getting into control. So what's next? Since I always look into inner counts of each wave I have found an invalidation point according the bullish scenario, where wave 5 would make a new high before it starts retracing. Therefore I assume that we move currently in Wave a. Wave a is a correctional wave that occurs after a completed Cycle of 5 waves and is also made out of 5 waves. In this case I expect that we are currently building up wave 4 which usually builds up the form of a triangle before wave 5 starts the next impulsive move - in this case downwards. We can expect that wave a lands between 38% - 50% of the major cycle. This is where I will place my buying orders to catch up the move of wave b, that should retrace at least 50% of the movement of wave a. Exactly here is the point, where I will close my orders to look for a good short swing and catch the whole move of wave c. That said: I wish ya'll the best and a profitable week. This is no financial advice, RL from RT_Trading_
OANDA:XAUUSDShort
by RT_Trading_
12
How to Elliot Wave - Based on XAUUSD (Gold) - By RT_Trading_Hi Trader, My name is Raffa and I am one of the two members of RT-Trading. We are a very passioned trading duo and our main goal is to change the trading market, at least when it comes to working with the future customer. Lately the reputation of trading coaches has suffered tremendously due to bad signal groups. That is exactly what we want to change. We also provide signals in our group, but only when we are sure of our cause. Still, our primary goal is to teach future traders to make their own decisions based on their expertise. We want to bring this expertise closer to you step by step. Today we want to start exactly with that. My trading expertise is based on one of the oldest charting techniques that exists alongside the Dow theory - The Elliot Wave Theory. The Elliot Wave Theory was founded by R. N. Elliot in 1934 and today represents one of the most important milestones in chart analysis. Elliot found that the markets move in repetitive patterns that are characterized by waves. These waves happen everywhere. Be it in the commodity, stocks or forex market - they are ubiquitous. This tutorial is intended to bring you closer to the Elliot Wave theory using the current Gold ( XAUUSD ) chart, so that you can successfully incorporate it into your trading. If you have any questions in this regard (since not all rules can logically be covered by a chart), don't be afraid to write us a private message. So, let's get started. First of all, I would like to clarify why I use the gold chart to bring you closer to the Elliot Wave theory. R. N. Elliot has done most of his research on the Dow Jones Index and the Gold Chart. So the Elliot Wave Theory, at least in my experience, is optimal to apply to these charts. But it also works with Bitcoin , for example. The EW theory is a theory that is applied to the trend of the market. A distinction is made between bull and bear markets. It works identically in both cases, except that the chart is inverted. A distinction is made between motif and correction waves. Motive waves consist of a total of 5 waves, which differ in waves 1-5. Correctional waves are waves that occur after the success of the 5 previous motive waves. For the waves 1-5 a distinction is again made between wave 1, 3, 5 and wave 2 and 4. As you can see in the chart, waves 2 and 4 are corrective waves of motive waves 1, 3 and 5. The Fibonacci number sequence plays here an extremely important role. Fibonacci retracements and Fibonacci extensions are essential when it comes to calculating the exact impact of individual waves. Therefore, I ask you to deal with it on our YouTube channel. As you can see, each impulsive wave consists of 5 more inner waves - also a rule by Elliot to help you explain your count as correct. Wave 2, on the other hand, consists of the correctional waves A, B and C, which in most cases form a zigzag and require a retracement of at least 50% of wave 1. Let's continue with wave 3. The basic rule is that wave 3 must never be the shortest wave - NEVER! This rule is essential to properly applying this theory, so burn it into your mind. Wave 4, on the other hand, normally retraces 38% of wave 3, but never more than 50% and it must not touch wave 1 - except in a diagonal. We'll talk about the special diagonal shape in a moment. What also often happens when it comes to wave 4 is that it usually forms a triangle that consists of a total of 5 inner waves. They are identified as waves ABCDE. Now we come to the last wave of the bull market - wave 5. It can often be the longest in commodities , which means that a long entry at the bottom of wave 4 at around 38% is the most money-making swing trade. Now we have a special case of wave 5. Wave 5 has formed a diagonal that allows wave 4 to touch the top of wave 1. Furthermore, a diagonal is characterized in that wave 1 is the longest and each subsequent wave is shorter than the last. So here too, wave 1 is the longest, but 3 is never the shortest. If you had recognized this diagonal early enough, you would have been able to place the first short entries and have achieved an enormous swing trade with regard to the correctional waves ABC . Now we come to the end. Corrective waves ABC . The waves ABC can also consist of 5 inner waves, but this is not a must. They can also consist of waves ABC or, as here, the special case WXY, which was formed in wave B. Wave WXY is nothing more than a double zag. As you can see, every single wave (i.e. W, X and Y) consists of another zigzag . That was it. What is really interesting for us in this case is the landing of wave A and wave C. The following applies: Always pay attention to the inner wave formation of the individual waves. In this way you can see when a wave has reached its end or whether another wave is missing. Typically, wave A retraced between 38% and 50% of the total movement of waves 1-5. Wave B, on the other hand, retraces at least 50% of wave A and wave C assumes the extension of wave A. We measure the low point of wave A and pull the Fibonacci extension to the high point of wave B and thus get the end point of wave C. The end point of wave C can be either the 62%, 100% or 162% extension of wave A. . On this chart, wave C has bottomed at 162% percent. At this point, for example, we went long and gave our members this signal - which I find extremely successful That was it. That's the Elliot Wave Theory. We went through a complete cycle of wave 1-C and now expect a new bullish cycle that starts again with wave 1. Here you have the chance to apply your knowledge to the gold market and see whether the market is formed on this knowledge. I can say from my experience that the Elliot Wave Theory has changed my view of the market tremendously and has allowed me to become a successful trader. For me it is clearly the key to success. Dear trader, if you enjoyed the tutorial, I would be happy if you liked your site. You would support us enormously with it. RL from RT-Trading
OANDA:XAUUSDLong
by RT_Trading_
2
21/09/30 - Gold (XAUUSD) Hit Ultimate Bottom - by RT_Trading_Hi Trader, I'm happy to provide you with my new idea on XAUUSD (Gold). As you have read in our Telegram Group last XAUUSD analysis perfectly hit our target of 1725.5 - it even went further by 4 more points hitting the maximum of 1721.71. While price was falling step by step, price action became clearer and clearer with every day. What I spotted is this diagonal that has built up itself. When it hit our target of 1725 it finalized its building up progress. Diagonals are very common in the markets and a powerful tool, especially when it comes to the applying of Elliot Waves. Those diagonal can occur in normal market conditions when waves do built up - such as Wave 1 for example - or when it comes to the last Wave, Wave 5 or in this case Wave C. Those diagonal are called "Ending Diagonals" because they initiate a trend reversal. So what's next? Since we can see that such a Diagonal occurred in the Wave C progress and the fact, that Wave C is the exact projection of 1.618 of Wave a, this means that we have multiple confirmations for a trend reversal. Therefore, we do close happily our short positions and defiantly start longing Gold on its way up. I'm very confident that our trades will play out well, since we have already seen a lot of reaction at the bottom of 1721.71. Our take p rofit target will be 1878.27 which would be equal to a 155 $ for XAUUSD. What do you guys think? This is no financial advice. RL from RT_Trading_
OANDA:XAUUSDLong
by RT_Trading_
6
21/09/23 - Gold (XAUUSD) Next short leg ahead - by RT_Trading_Hi Traders, I’m glad to provide you my latest Idea about Gold (XAUUSD). The last Idea was pretty accurate and definitely a profitable one. Nonetheless, price action changed a lot due to FOMC release, where we saw a fast increase in the price followed by a big sell-off to 1760 area during Asian Session. What I noticed is that we built up a diagonal pattern, which often occurs in the first wave of a new impulse. A diagonal pattern is categorized in 5 waves in which every new impulsive wave, means wave 1,3 and 5, is shorter than the previous one – usually it takes the length of 0.618 or at least lesser than exactly the same of the previous. Here it is the case. The sell-off started at the 0.618 point of wave 5, which signals me a validation of the Diagonal. So. Whats next? I expect a correctiv pattern to occur, means ABC. I assume that currently we are building up B which tells me to book the profit we made with the last Analysis and look for possible short entries. I highlighted those possible Short position for you as always in grey. Stay calm, put your orders and don’t get trapped. This move looks like a big bullish move but is typical for a wave B movement which is followed by another sell-off – Wave C. What do you guys think? This is not financial Advice. RL from RT_Tradin_
OANDA:XAUUSDShort
by RT_Trading_
6