Hi All
That is my private appraisal /Skill Sharpening of Daily Road Map Strategy based on what I see in the market such as chance.
Will Be Trading Any Opportunities coming thru the flow GOLD- FX- STOCKs - E-mini's Etc.... whenever my numbers fit I exchange it
Note: NO INDICATORS MADE OR CREATED BY ME, I've traded the markets for Several Years. Mainly INDICES and STOCKS. Using TDAmeritrade- Interactive Brokers and today I can attempt with forex....maybe.
I stopped trading for awhile and I joined the automobile business ( good money trading automobiles. LOL ).
Almost done there
My wish to get back into trading
So here I am here sharpening my skills learning from alot of you and hopefully you'll find something from me too.
I will attempt to explain things, though im not a fantastic teacher. However its simple fibo and range size. Nothing for this.
I look at Bulk Spread and SMA to confirm fad and break outs. And possible ending of motions.
I also look at open gaps and 1st hour trading breakouts ( stocks only)
you can use any charting platform. All you will need is fibo volume pivot weekly or monthly range per week or monthly and curve fitted couple of ticks to create a tradable picture possibility
Rules:
Respect respect respect
am here to have fun. If this thread can assist you in your trading, then use it,
or even, proceed to next thread. You're welcome to enter and help enhance my trading and yours
How I do the fibo. You can create it your self.
50 percent of monthly or weekly or pivot
Hi-Lo added on FIBO 50 percent or 100 percent Fibo ( Depending on where current price is. I figure )
And Curve Fitted. . SEEMS to DO Well for me personally.
I will Post as many chance since I could see. USE AT YOUR OWN RISK. No Advice or Recommendation I made to anyone except commenting in my posts.
Time Frame 30MIN
My analysis is simple of HLC (pivot) and FIBO
Indiors used: SMA 20 on 30min chart optional
Volume Indior (for VSA) Optional
FIBO ( Range and duplie stages )
Strategy: Buy Above or Sell Below 23.6 fibo
Buy Above or Sell Below 76.3 fibo
I shall Post as many chance as I can see. USE AT YOUR OWN RISK. No Advice or Recommendation I made to anyone except commenting in my posts.
THIS CHART EXPLAINS
GOLD: Currently trading in 1274.20 which is 23.6percent amount, any break above this amount indies price will proceed a second range phase up. Which could mean 14pts
this movement could come in over next few days.
Before this happens. The market will initially attempt to buy the lows. Or buy a flat under ( loading the firearms ) someplace around 1271.00 100% amount before we could see highs
The way to exchange this situation: I'd wait and see whether price goes under 23.6% amount , then wait 1271 or 100% amount to buy. If price opens above 23.6 amount I'd wait for a return or near pull back as possible toward 23.6% amount and implement buy order.
Targets: Are the next 76.4% amount 1281.00 then onto 23.6percent 1288.00
Good Luck.
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