Probability
GOLD (XAUUSD) - 2H Trend PositionI explain why on this particular time frame the 2H at this point in time there is a greater probability for the south.
Please note carefully for every probability estimate in one direction, there is a residual probability in the opposite direction (e.g. if 51% for the south there is a 49% chance for the north). There is no way I know to accurately assess or measure probability in any particular direction.
In other videos I showed how many missed the Gold storm (for the north).
Disclaimer : Whist the position shown is advantageous in probability terms for the south in my estimation, there is a clear indication of loss. I could be wrong - as I am a lot of the time. This means if you short this and lose your money, kindly sue yourself.
Short GoldGold has bumped its head on a historically strong resistance level at ~1560.
USDJPY has not confirmed gold's move since Dec '19.
USDJPY breaking out higher itself (bearish gold) so we should expect gold to readjust itself.
DXY in general has regained an important historical level + 61.8 fib of most recent trend which points the dollar higher (bearish gold).
Rerate should take it down to ~1533. If it loses that level then bears will take full control of gold.
AUD/USD LONG - HIGH PROBABILITY SETUPAUD/USD is at a monthly demand zone, there are numerous traps enticing retail traders to short. E.g. bouncing off the weekly trend line, and a so called area of resistance on the daily.
COT data also shows banks are becoming slightly bullish and reducing short positions.
A-la-la-la-le-LONG,
ah-long-long-le-long-long-LONG!
Don't short basically.
Ps. Trade prediction is not an entry yet, certain requirements still need to be met.
DAX - strong bearish divergence - Fight against probabability
In continuation to my previous chart on XETR:DAX , there is a continuation of the bearish divergence. This a signal that price action is not appropriately being reflected in the indicators and may see a halt or correction
Like I Said, I went through some data crunching and found the below interesting observations that make the current upward movement by DAX very encouraging (if you do believe in history) and hence the title fight against probability
Did you know from 1983 to 2018 (36 years history) for DAX
1. The Sept close candle has been in the Green 25 times and Red about 11 times (so Sept month being higher than previous month probability is about 70%
2.Oct and Nov close candle (that's posted in Nov and Dec respectively) has closed 24 times in Green and 12 times in Red (67% probability of ending higher than previous month)
3. All 3 months ending higher that the previous one probability is 30.56%
4. All 3 months ending in Red is a mere 5%
Year Sept Oct Nov (CANDLE CLOSE, POSTED IN SUBSEQUENT MONTH BEGINING) - G (Green) and R(Red)
1983 G, G, G,
1984 G, G, G,
1985 G, R, G,
1986 R, G, R,
1987 R, R, R,
1988 G, R, G,
1989 R, G, G,
1990 G, G, R,
1991 R, R,G,
1992 G, G, R,
1993 G, R, G,
1994 G, R, G,
1995 R, G, R,
1996 G, G, G,
1997 R, G, G,
1998 G, G, G,
1999 G, G, G,
2000 G, R, G,
2001 G, G, G,
2002 G, G, R,
2003 G, G, G,
2004 G, G, G,
2005 R, G, G,
2006 G, G, G,
2007 G, R, G,
2008 R, R, G,
2009 R, G, G,
2010 G, G, R,
2011 G, G, R,
2012 G, G, G,
2013 G, G, G,
2014 R, G, R,
2015 G, G, R,
2016 G, R, G,
2017 G, R, R,
2018 R, R, R,
2019 G, ?, ?
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USDTRY - LONG (Gradual)Our risk / reward ratio is 0.28 in the first field and 0.09 in the second field.
There was a close above 5.84.
Long positions can be tried in small lots.
However, losses can be a bit high since the bar cannot be sure without closing, so stoploss should be placed directly at 5.81 or 5.84.
Our sales level for the first area is 6.095.
If the first area breaks down, our sales level is 6.56.