Oil to Target 75 - The Force of Nature Is Superior to Iranian Conflicts
Originally Posted by stryker
I'm also bullish on OIL...
Currently on 8 hrs it is within a bull flag...
GL..
Hello Traders
Stryker is an absolute master of trend lines and great trader and interpreter of the market's many and tricky gyrations, but not withstanding the dangers of second guessing such an individual I and my CD Wave theory will do just that at this time. I don't see the US oil getting to the 111 zone. From current levels it will get increasingly bearish on its way to 75 and below. The market is now fully concentrating on completing the ninth step according to my theory since it has now complete the wave 8 move. Here are the charts.
Charts from today'sedition of the webinar Bulls vs. Bears @ The Trading Room 11:30 GMT Mon - Fri
Follow me on twitter: https://twitter.com/AlejandroDFX
Charts from today'sedition of the webinar Bulls vs. Bears @ The Trading Room 11:30 GMT Mon - Fri
Follow me on twitter: https://twitter.com/AlejandroDFX
Xau/usd
Square of nine , Décagon 180°
buy 1641$ 14 march
daily bollinger daily
5-0 pattern bullish ( invalid under 1641$)
over 1650$ bullish , under bearish
0.57% fibonacci pullback on A
1777$ for sell in swing trading , 20-21 march ( look at for C of Bat)
1632-34 holds for a push to 1665-67... A close higher on a 4 or 8 hrs and can expect a move into 1702-04.. Eventually 1740-45 is prime lvl from here onwards on a successful healthy bounce...
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
Is anyone else getting bad execution on their Gold trades? This week was long gold and had stop at 1676 only to be stopped at 1668.25.Slippage of $7.75! Requested an audit and turns out 'no technical issues with the trade'.
Anyone else unhappy with their metals or oil trade execution? Seriously considering stopping metal trading since this isn't the first time this happened to me and I don't mind taking a loss but such slippage throws my whole money management off track.
CD Wave Theory - Keeping It Simple with one ?? Only "Which Step is Market Doing"
Originally Posted by stryker
1632-34 holds for a push to 1665-67... A close higher on a 4 or 8 hrs and can expect a move into 1702-04.. Eventually 1740-45 is prime lvl from here onwards on a successful healthy bounce...
DX - at imp resis
GL...
Hello Traders
I am with Stryker's short term opinion on a gold retrace. The Levels I strongly believe gold will go back to are 1661 and 1680-2. See the attached 4hr chart which shows that gold completed the 7th step and is now doing step 8. Step eight likes to go back in the zone of 6 which will give the price target of 1680-2 but it could also terminate at the first level of resistance which is where the uneven waves 3 & 5 ended. Another possibility which is very low in my view is for gold to go back the where W4 ended at 1717. I Would say take back to 1717 from your mind and focus on 1661-1681 (first 2 heavy horizontal green lines) for the next turn and the resumption of the attack on 1522 and below. In accordance with the CD Wave Theory slogan "Keep it simple by asking yourself just one question. Which wave is the market currently doing? The emphatic answer to that is Wave 8 on the 4 hour time frame. You don't need to ask another question or look at indicators and bother your self with news. The market is doing step 8 and step eight has two primary areas that it usually target. They are the first two sets of uneven numbers above W7 (W3 & W5) and the alignment or close alignment with wave 6. End of story.
I am deliberately coming across very strong because the damn market is so simple it is a SIN how we complicate it. As a grown man I still cry inside and out at how long it took me to realize that. Best of luck to you all but please just keep your eyes on the first two horizontal green lines on the attached chart because those are the important areas for the next move south.
Charts from today'sedition of the webinar Bulls vs. Bears @ The Trading Room 11:30 GMT Mon - Fri
Follow me on twitter: https://twitter.com/AlejandroDFX
Charts from today'sedition of the webinar Bulls vs. Bears @ The Trading Room 11:30 GMT Mon - Fri
Follow me on twitter: https://twitter.com/AlejandroDFX
Xau/usd
Square of nine , Décagon 180°
buy 1641$ 14 march
daily bollinger daily
5-0 pattern bullish ( invalid under 1641$)
over 1650$ bullish , under bearish
0.57% fibonacci pullback on A
1777$ for sell in swing trading , 20-21 march ( look at for C of Bat)
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Originally Posted by stryker 
