MGC1! trade ideas
Comex Gold - Are we Ready for Boom (Triangular Pattern)Educational Video : Triangle Pattern Unfolding Realtime
Triangle is an Elliott wave pattern seen during sideways market consolidations, it is composed of 5 corrective sequences. Triangle presents a balance of forces between buyers and sellers, causing a sideways movement that is usually associated with decreasing volume and volatility.
What Next?
Thrust Possible beyond 2015$ & Comex Gold can attempt previous highs of 2075-2078 zone.
Thanks for watching
[POSITIONAL] GOLD SHORT BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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gold mcx or gold spot bull flag analysisgold mcx or spot stucking in tght range due to upcoming expiry or any news-- where 4 th hrs chart made bull flag along with cme gold if break or cls abv uper range in gold or cme like 59600-700 or 1995 thna mkt full bull zone again or where flag support 59400 or 1948 break this range than mkt bear hand only till than mkt up dwn only try to sell or buy with support or resistance line
gold mcx analysis 4th hrs chart belowgold mcx analysis 4th hrs chart below----gold made support zone 58300-270 if stya blw or cls blw see 57700-600 soon or if hold support mkt again bounce back ready or resistance 58760-77 if sustain abv mkt bull rally 58909--59000+++++ more in trade hrs will update
gold spot or gold mcx analysis blelowsupport 1960--1966$- stya blw nxt dwn will start -1942-1933$-1910$ . or resistance 1990$ abv may rally till 2000-2004$ or break with volume or cls bav 2 days 2010 soon 2030-53+++++++ or no cross 1990 or hold blw 1990 than again dwn sell on rise good way
mcx gold stya blw 59200 sell on rise must soon 58930-829++ expect
gold mcx analysis with shoting star pattern belowgold mcx analysis with shooting star pattern below---gold daily chart made shoting star pattern which is near term indicate bear mode yes 59856 blw gold may be test 59144+++ or blw 59100 or close blw thna u will see 58550-310+++++ over all hold this pattern high than mkt sell on rise or if hold support 59100 thna mkt again jump till 59500-700+++++
[ Positional ] GOLD Short Betr: R is 1: 2
Rest as per Charts
Note -
One of the best forms of Price Action is not trying to predict. Instead of that, ACT on the price. So, this chart says "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level that says "Buy if it breaks, " you should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta", "Bounce", "3BB" or "Entropy" - My own systems.
=======
I won't personally follow any rules. If I "think" (It is never a gut feeling. It is always some reason.) that the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is primarily the "Day's High".
In the case of Positional trades, it is primarily the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
=======
[MCX] Gold Fake Breakout Meanreversion BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
=======