Thread: To be right in trading one will need to be absolutely wrong

Originally Posted by ;

Price will invariably and constantly see intraday median level prior NFP and other key News Events and these will be the only outstanding time at which both the upper and lower tipping points may be deciphered concurrently so the trick is to watch out for the dual violation which will win the conflict of the afternoon. One of the couple intrigues when trading news occasions. GS

Just as what I've anticipated before it happens...

Originally Posted by ;

quote ! I left this call and now that the intraday holding level is breached I'd entered a trade @ the median level SL @ 11199 and @ 11170 and initial TP@ 11051. Price will be gunning for bear threshold amount @ 10999 and lets see if this level hold or not. All my called amounts are rigorously fib made before time and are definitive with SL and based. GS

I am getting out of the trade at b/e and is planning to flip my c/t trade back to bullish on the next p/b around 11145 using SL @ 11117 and initial TP @ 11230 and higher.

GL

GS.

Originally Posted by ;

quote I'm getting out of the commerce at b/e and is planning to reverse my c/t commerce back to bullish on another p/b around 11145 with SL @ 11117 and first TP @ 11230 and higher. GL GS.

Trade set up aborted. . .sitting on hand atm....

GS.

Hehe PA has turn to the upside my new trade collection is-
Entry- 11150-11168
SL- 11129
1st TP-11265

Hope PA wont attempt to whipsaw me but I'll be prepared if it happen....

GS

Originally Posted by ;

Hehe PA has turn into the upside my new long trade set is- Entrance - 11150-11168 SL- 11129 1st TP-11265 Hope PA wont try to whipsaw me but I'll be prepared if it happen.... GS

Cancel this pending order....

GS

I cannot make any additional pre trade calls cos if I could be allowed for intent. But the way I know the rules here I can share my take on all majors including Xau if asked to.

Cheers and Decent fortune...

GS

Today I shall just go over the current E/U PA which is in a bull trending mode and it looks like as it means the top end of the fractal which is @ 11370-11470 41, it is beginning to lose steam. The current bear brink is @11110 level. Now if this key bear threshold lvl is breached then it will trigger off 2 situations, firstly PA will combine and morph into range mode OR it can quickly transitioned to a bearish trending mode and in order for this to occur price is going to have to violate 11100 level with 11180 lvl holding down it.
In trending mode the perimeter is defined by Gann or diagonal ma trendlines with fib degrees while consol/rangey style is defined by horizontal trendlines or pivots with standard dev encouraged by fibs.

GS.

Originally Posted by ;

Now I shall only just discuss the current E/U PA that's in a bull trending mode and it appears like it is starting to lose steam as it approaches the upper end of this fractal which is @ 11370-11470 level. The current bear brink is @11110 level. Now if this key bear threshold lvl is broken then it will trigger off 2 situations, firstly PA will combine and morph into range mode OR it can immediately morphed into a bearish trending mode and in order for this to happen price is going to have to breached 11100 level with 11180 lvl holding down it. In trending...

My words hold true so now the key lvl to eyeball is 11228 which if breached double will ship this pairs into deeper correction testing that the bear brink lvl @ 11110. In case 11128 retains after price climbs over it following lvl being breached it means bulls is in control.

GS.

Originally Posted by ;

quote My words hold true so now the vital lvl into eyeball is 11228 that if breached twice will ship this pairs to deeper correction testing that the bear brink lvl @ 11110. In case 11128 retains after price climbs over it following lvl being breached it means bulls is still in control. GS.

11228 is being breached twice and therefore price will be attacking the bears threshold lvl@ 11130 and it looks like top is now temporary set up. Sell 35-50pips pullbacks to get 90pips first TP and SL 35pips previously sell entry. The following puzzle is if price will morph to a consol/rangey style or develop a hot one. So lets wait for the PA to reveal its hand.

GS

Originally Posted by ;

quote 11228 is being breached twice and therefore price will probably be attacking the bears threshold lvl@ 11130 and it looks like top is currently temporary in place. Sell 35-50pips pullbacks to get 90pips first TP and SL 35pips previously entrance that is sell. The puzzle will be whether price will morph to a consol/rangey mode or develop a one. So lets wait for the PA to reveal its hand. GS

So price failed to reach 4pips beyond the 11130 lvl and going ahead's quite likely price will unite prior Fed's announcement and if it fails to break above 11270 lvl then intraday bears may run riot to retest 10750 degree.