This is interesting. There is not much liquidity below 1805. Apparently most liquidity siting in the area of 1815-25. General buyer's ratio dropped to 72%

LunaticFinance

1805 is daily support. Price might go pick liquidity just below this level

LunaticFinance

I haven’t pump any equity and waiting the response of price at daily support 1805-1815. I think market is gonna try to grab liquidity just below this support before retracement starts.

Gold

Your SL is above daily support. Is this safe SL?

Gold

Yes things are not happening as expected. I was hoping spike to test daily support and move up for retracement but nothing happened. Lets see how market deal with huge numbers of buyers.

LunaticFinance

If price go up then i have M15 trend line at 1863 and M30 trend line at 1894. But there is strong resistance which have huge volume support at 1872. If price go to 1870 then i will definitely add short positions. Most of new traders like me who use ...

LunaticFinance

Is it based on weekly or daily timeframe? But yes most of cycles have bottom and it gives strong signal.

LunaticFinance

I have stopped adding more positions until my M5 trend line break by price. I took one short position for small profit.

LunaticFinance

I am fine with any retracement because it will give me chance to adjust my positions accordingly.

LunaticFinance

1858 or 1958?

LunaticFinance

Definitely you need to be very worried

LunaticFinance

Tomorrow is October 3

LunaticFinance

Yes at 1850

LunaticFinance

You have to draw trend line in the angle of that CMA to get full picture. As I did draw red line in the angle of CMA.

LunaticFinance

I really liked your 1920 target. I also wish the price to go there.

Gold

Whenever I explained this method to any one , I feel that I have obligations to acknowledge and appreciate the trader who taught me this method so thanks to Parisboy. Parisboy is amazing trader with advanced knowledge of waves and cycles based on ...

LunaticFinance

Do you also have same issue about CMA is not visible? Sinewave is just method to project the future price movement in visual way. Traders use their own trading system to get signals.

LunaticFinance

There is another strategy which traders apply to this which is more trend base. In picture 2 , if you connect point A and Point C then this is consider the trend line. Then many traders use their own trading system to look for signal in the ...

LunaticFinance

Bus driver in Toronto

LunaticFinance

Monday and Tuesday are my regular off days. I work on weekends.

LunaticFinance