Wonderfull RISK FREE sell can be opened right at Sub Transition.
Why it is risk free? Well you know my trading, if transition is broken upwards, it will come back to test it, so if our sell goes wrong, we can close it later at BE ( 0 loss )
Sell setup is a lot stronger than buy setup!
Bulls need to break that 1269 sub transition to get back up!
We have a great setup where - Heading towards daily ( level from market trend pointer ) is right at Sub transition!
Creating nice blocking setup to go short!
Although MHI ( market heading indicator ) is 1$ lower at 1268, and it may be that gold goes down from that level as it aligns with main transition, but I will be patient and wait for 69 to enter, and I hope I wont regret it.
P.S - This trade will be TP open with SL on BE as it goes down ( if goes )
Like I said my trading strategy and knowledge uses only JAFR. Nothing else!
Here is small article on it:
Transitions are nothing esle than Fibonacci levels and Pivots.
But they are calculated using JAFR and Time from Clock.
You take price, and you take time from clock ( without seconds ) Let's say Price is at 1260.00 and time is 12:00. You use 1 Hour ahead it would be 01:00. So you have two parts 1260 and 0100, you apply Gold constant number 28 on it, some other JAFR formulas and you get = price, that you put on chart. It is very complicated, and I know 5% from all I should know, so I am still learning. But real JAFR masters that know 100% of JAFR, can be considered as a Holly Grail! Unfortunatelly they don't spend time in chats, forums, and don't share signals with fellow people!
So I have still a lot to learn.. that will take years! But I'll be there some day!
As well this software is all built on JAFR:
I hope I answer your question!
I am holding my long that I risked to take at 1266
I have 1261 as a target from yesterdays Transition levels!
That said I closed my longs and I am flat now!
If we break 1266.00 downwards and go down to 1261ish area I would go long from there!
For now flat!
Although I am not sure anymore because of 1266.00 and what it did... Trade this signal on your own risk! I was not thinkinh that it will break 1266.00 first before going up... that being said.. 1266.00 deleted risk free chance! Now it is not risk free because after break it will not be obligated to come back to 1269 thus giving no chance to close it at BE if smth goes wrong.
If you don't know what that means.. then stop investing!
Wait with patience and stop calling it is short right now. Short it can be only if it goes down and clean break of 1268.1 happens. Stop these emotions. If it goes down.. Good.. No entry good!! Sometimes no position is the best position!
First it deleted 1266.00 and made sure it has no things to do there.. got up to second transition 1268.1 broke it upwards but came back to test it BEFORE it reached 3rd transition 1269.7..
It just deletes all sell setups.. and this behaviour reminds me a Flyday!
I have remowed Sell pending from 1269.7 and if it goes up to 1269.7 I will not be selling there.
That being said, I am flat now, and will see the next opportunity!
If it does the same behaviour with 1269.7 breaks up and comes back to test it, I have a feeling that gold will be serious about breaking 1276 today.
Be carefull guys!
I will update if I spot something, but discipline is discipline!
The only thing saying it could go down is 1261, nothing else! So from here it is a 50 / 50 chance after it deleted all confirmations!
Be very very careful!
Now to enter back we need break back below 1269.7.
It cannot be counted as a clear break above! So I would say Sub Transition is not broken yet!
I will hold my short at 1269.7 open!
News That come out should hit this down, and we should see Daily swing TP 1261.
If gold falls down and smashes 1268.1 and does not test it, we will look for buys later tomorrow!
That being said - I am holding short here!
Risky, but I do!
Well this idea and trade took little away from me, but gave it all back on the drop! I took the profit and got to sleep!
Let me see whats going on and publish for Friday!
You talk like it was flying up 10$ in a second!
It moved 3 dollars way from 69..
You have to plan your trading on Price action!
Yes I was in sell.. My SL got hit at 1272... I reentered right away, made back and gained profit and closed the chart!
I just cannot give you good trades all the time.. sometimes it is tricky and hard... it takes a lot to plan a trade and monitor how it works! If you think it is simple, well okay.
There is nothing BIG yesterday..
Yes I should not close the buy at 1266.00.. Yes I should not use SL at 72 etc etc..
But cmoon people it is hard and tricky sometimes!