INCOMPLETE PREPWORK FOR 30 HOURS for FX_IDC:XAUUSD by Binary_Forecasting_Service

INCOMPLETE PREPWORK FOR 30 HOURS

HEADER - This is a follow up of previous work. As a precaution, first rule of trading is don't lose money. As a reminder, second rule of trading is don't forget first rule. As usual, this is meant to used with - whenever possible - continuously updating notes. As always, when price moves against stated plan and updates have not been provided, assume plan is wrong, scrap it and trade defensively.

SUMMARY - So this is titled "incomplete" bc it's all the time I have today, and maybe tomorrow, and maybe the rest of the week. I am in the midddle of a family thing, so this stuff doesn't even register on the radar. With that said, I hope it is somewhat useful.

DETAILS - See previous posts for background.

NOTES - Probably not many this time around. When I am not watching, I can NOT SEE ANYTHING. So if it goes off script, SCRAP IT and trade defensively.

Note

5:39 AM ET - The two bolded lines are the ones that should play today.
a) either the one going up or the one going down
b) my instincts say it's the one going down
c) the caveat here is that I have terrible instincts, that's why I use so many analytical tools

Note

d) as a reminder, if my work is helping you trade, please spread it by word of mouth to someone you know
e) if you don't know anyone interested, please "boost" it

Note

f) 5:51 AM ET, for what's in the chart, READ the end of the last post for how we got here

Note

g) 5:52 AM ET, like last time EVEN THOUGH ORANGE IS BASE CASE..
h) we deal WITH BLUE FIRST
i) why?
j) bc price action is calling for it first

Note

k) while I expect blue to fail, I DON'T KNOW THAT ... AND NOBODY DOES

Note

l) would not be surprised for 1945 today.... I wouldn't
m) it's a war news cycle, it's all emotions

Note

10/17 10:32 PM ET --- just saw 1942.xx
a) I wrote just above here... "would not be surprised for 1945 today... I wouldn't"
b) well if you replay chart at top, I would describe price action like this...
c) so it's playing the upper trend line but WITH THE CURVE OF THE ORANGE ROUTE
d) so in a sense, it's trying to do both things...
e) so with this move, I am now looking for 2030 to close this week

Note

f) - w/ the caeveat that I am doing this post and maybe the rest of the week without thorough vetting...
g) first, extrapolation of what happens next

Note

h) so in chart above: that's what I mean by playing higher trend line w/ the look of the orange curve

Note

i) now replay the last post here, the point is to observe price doing bull-bear-back-to-bull pattern:

Note

j) in the previous post, in the notes I also posted this as "extension of volatile momentum"

Note

k) here is that extenstion OVERLAID WITH WHAT EXPECT TO HAPPEN NEXT:

Note

l) let's merge them and make it blue, and then add 2nd place extrapolation (not vetted):

Note

10/17 11:10 PM ET THIS POST HAS ENDED: WORKING ON THIS NOW:

Note

... I'm trying to find a route up again, like this but I don't see it yet...

Binary_Forecasting_Service

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.