Daily bullish gartley

١٤ ديسمبر ٢٠١٧

Hi,
Gold completed a daily/weekly bullish gartley.
I'm targeting a bearish shark around $1347/1350.

I took long at 0.786 retracement of the gartley at $1237

١٤ ديسمبر ٢٠١٧

تم فتح الصفقة

٢٠ ديسمبر ٢٠١٧

ملاحظة

Took some profit on 67.
Shorted the Daily kijun, expecting a retracement to 1248/49.

٢١ ديسمبر ٢٠١٧

ملاحظة

Bearish 5_0 in H4 TF - TP1 1248.5

٢٦ ديسمبر ٢٠١٧

ملاحظة

Took some profits on first TP of the Gartley (0.382 of 1D) at $1282.
Out from previous short, re-took some short (avg $1280), expecting retracement (1249/50)

٣ يناير ٢٠١٨

ملاحظة

Hi,
All shorts (avg $1292) closed in losses at $1296.
I took some profit at $1311 and finally close my long at $1321 and short triggered (SL 1325).
This idea is still in play, but this rise has no volume and i don't like it.
Gold hitted the 0.707 retracement and, in general, is a good point for reversal.

eg. trump's election


And now.


Moreover $1321 is aligned with $1180 and $1047 in the Gann's square of 9.
So, i'm not too greedy, this long at $1237 gave me some good pips.
But, retracement is maybe on the table.

First TP at 1295/1300

١٣ يناير ٢٠١٨

ملاحظة

Short strategy for short-term retracement has failed.
SL short hitted at 28.5 / Long 28.5 - Waiting completion of initial idea.

If gold hits the PRZ (1347/1350), i'm expecting a retracement to $1292 at least (5-0 bullish pattern) / or better, $1249 to complete a Bullish Bat.
In both cases, Gold is on bullish mode in this early days of 2018. In Mid-term, we could see $1430 and $1530. Time will tell.




Long-term view
Bearish Butterfly at $1530 -> Return to normal ? / Big Short ?

١٥ يناير ٢٠١٨

ملاحظة

Near PRZ at $1247.
Long closed at $1242 / Starting to short SL above $1250

٢٤ يناير ٢٠١٨

ملاحظة

Pattern completed. Add short $1247. All SL above $1250.

Expecting a 50% retracement to complete a likely bullish 5-0.

٣ فبراير ٢٠١٨

ملاحظة

Extended Shark still active.
Target bullish 5-0 + Weekly kijun around $1300

٧ فبراير ٢٠١٨

ملاحظة

Likely H&S / TP $1288 / 0.618 retracement