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coyoteuglyxxx replied Dec 23, 2021GU Price is well ahead of its time (above the red trendline) at the moment, and this creates price - time imbalance. It needs to go back to the red trendline to balance itself, where price and time are equal and in equilibrium. Then she will create ...
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coyoteuglyxxx replied Dec 23, 2021Stopped out. Lost 6 pip. GU is bullish atm. Long again at 1.3409
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coyoteuglyxxx replied Dec 23, 2021This is GU’s second attempt this month to break out of the box on daily TF. I’ll keep my longs for now. Otherwise she’ll go back towards 1.3267
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coyoteuglyxxx replied Dec 22, 2021GU Yesterday’s daily candle closed within the top 10 % of the length of the bull move, suggesting that the big boys are keeping their long positions open overnight, expecting the bull move to continue as a breakout of the box on the D1 chart. A ...
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coyoteuglyxxx replied Dec 22, 2021I think you are spot on with your short entry, just look how the price created an imbalance after bouncing off the red equilibrium line in the second harmonic square. This is one of the cheapest and safest possible entries on any pair or ...
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coyoteuglyxxx replied Dec 22, 2021GU Previous SL hit with a loss of 11 pip. Trying another short at 1.3355, just below the black trendline, where the next resistance is. Last attempt for today with 13 pip SL
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coyoteuglyxxx replied Dec 22, 2021GU All longs closed. Now expecting a sell setup, placed a limit order with a small SL at 1.3344. In case the price does not touch 1.3344, I’ve got another sell order at 1.3312 expecting GU to drop lower. In theory, if the price stays below the blue ...
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coyoteuglyxxx replied Dec 22, 2021Use the rectangle tool in MT4. On 5M chart attach the rectangle to either an established top or bottom. The size of the rectangle on 5M is 288 candles (24 hrs) wide and 90 pip high (90 is the average GU ADR these days). Set up the fibo tool to ...
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coyoteuglyxxx replied Dec 22, 2021No snow yet. Just a bit of frost during the night. Parts of Scotland only have a bit of snow I think.
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coyoteuglyxxx replied Dec 22, 2021The comment is highly appreciated! This strategy allows me to test a trade with a very, very tiny SL, while the bounce off the trendline could be a good turning point with a very large profit and R:R ratio. The key is where to start your calculation ...
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coyoteuglyxxx replied Dec 22, 2021GU add longs, expecting a swift move towards 1.334x where the resistance is
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coyoteuglyxxx replied Dec 22, 2021SL hit again, 11 pip loss in total on GOLD today. Small loss, acceptable. Not taking any more trades on GOLD.
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coyoteuglyxxx replied Dec 22, 2021Possible short setup later on, if and when she gets there
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coyoteuglyxxx replied Dec 22, 2021GU still in the long. Expect a bounce off the blue line
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