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Posts posted by CGETrading
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The cycle indicator that I am using for MT4 can be downloaded here<--
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This week gold closed above the important 2K level, a closing below would have suggested a mass exit to the downside (Trap Play). Gold remains bullish for now - as long as this level holds on a weekly closing basis.
A close below the 2K level would suggest a possible decline down to1.9K, but for now the uptrend remains intact with daily and weekly cyclical support aligning at the psychological 2K level.
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Today is NFP, a lot of volatility is expected. Todays close (weekly close) will determine the short term future. Support stands at 2K.
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NUMBER 3: FX Capital Flow Scanner [Download Link, Zip File]
- Perfect for all levels of trading experience, beginner or professional
- You will always know what to trade and in what direction
- You can add any currency related symbols such as Gold (XAU/USD), Silver (XAG/USD) and Bitcoin (BTC/USD)
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28 major currency pairs as default settings
How does it work?
The model have two important moving averages, one fast (5) and one slow (12), they are used to determine whether the direction of a currency pair is bullish, bearish or neutral. Example, when the model is measuring the strength of EUR, it will look at all EUR related pairs (EUR/USD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/NZD, EUR/AUD, EUR/JPY) to see what pairs are trading with, against or neutral with EUR and score the order flow of EUR accordingly. EUR is measured against 7 other currencies, so the score range from -7 to +7.+7 is the highest score possible and means that EUR is making gains against all other major currencies. Therefore the order flow is strong because EUR is being bought on a global scale. There is a genuine interest to buy EUR so to speak.-7 is the lowest score possible and means that EUR is decreasing in value against all major currencies. Therefore the order flow is weak because EUR is being sold on a global scare. There is no interest in purchasing EUR, only selling.When the scanner have performed the order flow analysis on all currencies it will combine the strongest against the weakest and display the results on the dashboard. These will be the pairs with least resistance moving forward and the best pairs to trade. You can double-click on the pairs listed on the dashboard to open a new chart. In parameters you can select what template the new chart will open with. -
NUMBER 2: MIDAS Trading Tools [Download Link, Zip File]
MIDAS which is an acronym for Market Interpretation/Data Analysis System is the innovative work of the late technical analyst Paul Levine. Levine strongly believed that the dynamic interplay of support and resistance and accumulation and distribution are the ultimate determinants of price behavior. After examining and rejecting all of the standard technical analysis techniques for determining support and resistance, he came up with a new approach - MIDAS!
The introduction of the MIDAS Trading Tools indicator has been a culmination of my trading experience and creative application. New ideas have been implemented and collaboration with other traders such as Robert Young (US) have helped make this indicator enriched and dynamic. In the readings below, you will find the description of the variables that make up the indicator.
MIDAS Trading Tools consists of TWO stand alone indicators for each type of market environment:
- MIDAS Support/Resistance Curves - reveals powerful support & resistance levels as well as a method to gage the relative strength of a given trend
- MIDAS Top-Bottom Finder Algorithm - monitors the available fuel in an accelerated trend to predict the top or bottom based on the cumulative volume
How To Use: Basic Strategy & Concept
- Identify the origin of a trend in any market.
- Attach MIDAS to your chart.
- Click and hold on the Red vertical line and drag it to a recommended anchor point.
- Wait for price to pull back to the MIDAS Support/Resistance curve and generate a buy or sell signal.
- Enter the market when a signal is formed with a minimum risk to reward ratio of 1:1+.
- If price accelerates away before pulling all the way back to the MIDAS Curve; fit the Top-Bottom Finder to the present pullback(s) (by adjusting the cumulative volume in the bottom right corner) to predict the top or bottom.
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When the Top-Bottom Finder burns out at 100%, a retracement to the MIDAS Support/Resistance curve becomes likely.
If you are brand new to the MIDAS Trading System and interested in discovering the powerful trading method developed by the late Paul Levine, I recommend reading: MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Todays Markets. The authors walk you through the wonderful MIDAS world and explain its variations with copious charts and examples. Start off by reading the introductory chapters, then jump to the very practical money-making Chapter 8 and apply the principles yourself. -
Learn more about Martin Armstrong and his model here,
- The Forecaster (Documentary): https://theforecaster-movie.com/vod-bonus-material/
- Daily Blog: https://www.armstrongeconomics.com/
- Socrates Model: https://standard.socratesplatform.com/
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Here are some links from previous World Economic Conferences (WEC), hosted by Martin Armstrong.
There is a lot of good information about technical analysis and financial markets in these videos 😉
Berlin Part 1 https://vimeo.com/166052005 Password: 16WEC314 927
Berlin Part 2 https://vimeo.com/166055663 Password: INTERNALONLY314
Berlin Part 3 https://vimeo.com/166058670 Password: INTERNALONLY314
Berlin Part 4 https://vimeo.com/166104782 Password: INTERNALONLY314
Saturday WEC Part 1 https://vimeo.com/194583828 Password: SAT001216Saturday WEC Part 2 https://vimeo.com/194744050 Password: SESS31112
Sunday WEC Part 1 https://vimeo.com/194850637 Password: 16CONF314
Sunday WEC Part 2 https://vimeo.com/194892973 Password: WEC1185AE
San Diego Tech Analysis https://vimeo.com/189322541 Password: 102816SD -
If you have questions, please feel free to ask. I will do my best to assist 🤗
MIDAS Trading Tools and the FX Capital Flow Scanner will be uploaded shortly. -
After a decade of trading experience, I've successfully created three highly effective indicators tailored for various market conditions: Martin Armstrong Cycles, MIDAS Trading Tools and the FX Capital Flow Scanner. I'm excited to now share them with the IG Community! 😊
These indicators are designed specifically for use on the MetaTrader 4 terminal. The indicators will expire 2025.01.01 ->1 year license. If you wish to continue using them after expiration, please contact me for an extended personalized license.
NUMBER 1: Martin Armstrong Cycles [Download Link, Zip File]
Martin Armstrong Cycles applies an untraditional type of technical analysis to your charts which is designed to capture the ANGLE of the market, RAPID RALLIES and DECLINES, PRICE REVERSALS and PRICE FLIPS.I recommend all traders to apply cycles to their charts, because they reveal the true nature of markets. Everything in the universe has a cycle to it - and so does price!
Analytical Benefits using Cyclical Analysis
- The ANGLE of the cycle gives you a ROADMAP into the future as to what type of move you can expect
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The STEEPER the angle the greater the tendency for a market to rally or decline RAPIDLY
- The Break-Line represents the CYCLICAL LIMITS of price - an important PRESSURE POINT in the market
- If price breaks the Break-Line chances are high that a RAPID RALLY or DECLINE will follow
- The Reversals tells you when a market could BREAK to the upside or downside
- Buy/Sell signals are formed when price breaks through a reversal on a CLOSING basis
- Trap Plays are formed when price breaks a reversal but then IMMEDIATELY closes back ENGULFING the breakout bar, causing a MASS EXIT
- The Trap Play has the HIGHEST WIN RATE out of 80.000 DIFFERENT PATTERNS!
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Price Flip 9 warns of a potential DIRECTIONAL CHANGE
- Buy Setup occurs when there are 9 CONSECUTIVE closes lower than the close 4 bars earlier
- For Sell Setup, the requirements are OPPOSITE, there are must be 9 consecutive closes higher than the close 4 bars earlier
- Countdown 13 calculates the trends length to identify the moment of its FADING and the emerging of a NEW CYCLE
- The Risk Level associated with Price Flip 9 and Countdown 13 defines the LEVEL of which price should turn within
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The US30 is nearing exhaustion with the MIDAS Top/Bottom Finder curve approaching its 100% burnout threshold. A retreat to the weekly cyclical support level is anticipated, and this pullback is expected to be limited to 1-3 time units.
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1 hour ago, THT said:
Basic chart reading
THT
Thanks for sharing @THT
I highly doubt that gold will fall below the 1900 level, which is the lowest support level on the monthly time frame.
Right now, the current pullback in gold is nothing but a FALSE MOVE to the downside which ALWAYS takes place before a REAL BREAKOUT. This FALSE MOVE can last no longer than 1-3 time units and is simply the REQUIRED movement of markets.
Gold is setting up for a major sling-shot to the upside.
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Here we go!!! Gold making record highs 🚀🚀🚀
The level to watch going forward is 2133 👀, which is the weekly cyclical resistance. We need a close (preferably 1%) above this level at the end of the week before moving any higher. High volatility is to be expected throughout December.
🤑
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Update: Gold closed ABOVE 2000 for the first time (on a monthly basis) and is now pushing higher towards the all time high which stands at 2080.
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Update: We are now currently trading above the 2000 level. Resistance stands at the 2007 area, which is the level we need to CLOSE above this week before we can see an advance to the upside.
If we close above resistance this week then a close above 2000 becomes likely this month! 🤑
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On 02/11/2023 at 16:17, Carl-Gustav said:
Daily Time Frame: MIDAS Top-Bottom Finder reached 100% today, indicating that the fuel associated with the current uptrend has FADED. A pullback to MIDAS now becomes likely which is in alignment with cyclical support.
Weekly Time Frame: Price is trading between weekly resistance and the break-line generated from the low (origin of uptrend) creating a bullish Pennant pattern. Major support currently lies at 1940.
Monthly Time Frame: Here we have a Trap Play to the upside! This is a significant event, warning of a potential WATERFALL EVENT TO THE UPSIDE. The angle of the light-red colored cycle is revealing the direction and angle of the market going forward (a future roadmap).
What to make of all this? Buy Gold!
at 1940 🚀
Update: 1940 level holding strong, will we break above 2000 this month? 😄
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Update: EUR/USD has surpassed its target and is pushing higher!
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Update: 3 Bullish Reversals Elected! Which means price has broken through an important high - or in this case 3 important highs. We should see price pushing higher from here.
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Bought:
445 Turbos/Knockout: 1.06563 * -
Spotted a "Short Term" buying opportunity on EURUSD H1/H4 Chart(s). Expecting price to find support at the 1.07 level, which is a round psychological number. Currently looking for a break above the upper cycle channel on the H1 chart.
Bought:
45 Turbos/Knockout: 1.06563
50 Turbos/Knockout: 106074Target: 1.0745
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Read more about the 3 Time Unit Reaction Rule here: https://www.armstrongeconomics.com/armstrongeconomics101/basic-concepts/the-3-unit-of-time-reaction-rule/
The Monthly Trap Play will challenge a break (and most likely break) above the 2000 level before February 1st 2024.
The ECM is poiting to a major turning point in the economy come May 7/8th 2024. -
Daily Time Frame: MIDAS Top-Bottom Finder reached 100% today, indicating that the fuel associated with the current uptrend has FADED. A pullback to MIDAS now becomes likely which is in alignment with cyclical support.
Weekly Time Frame: Price is trading between weekly resistance and the break-line generated from the low (origin of uptrend) creating a bullish Pennant pattern. Major support currently lies at 1940.
Monthly Time Frame: Here we have a Trap Play to the upside! This is a significant event, warning of a potential WATERFALL EVENT TO THE UPSIDE. The angle of the light-red colored cycle is revealing the direction and angle of the market going forward (a future roadmap).
What to make of all this? Buy Gold! at 1940 🚀
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XAU/USD Forecast for 2024->2032
- First Target: $3000
- Long Term Forecast: $6000
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23 minutes ago, MongiIG said:
Hi @Carl-Gustav
The MIDAS Top/Bottom Finder does it predict the top or bottom in an accelerated trend ?
In your view will gold still be bullish since it has reached the 100% or it will retrace lower.
Hi @MongiIG
That is correct, it predicts the end of a market sentiment: Top or Bottom. The key to understand the Top/Bottom finder is to acknowledge that something DIFFERENT than what is occurring will happen at 100% burnout.
Gold in my view is still bullish, at least on the weekly level from a cyclical perspective. The Blue lines on the chart represents cyclical support (and resistance) as well as the market ANGLE that we are in, right now.
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The MIDAS Top/Bottom Finder burned out at 100% and the market fell approximately 600 pips. A Temporary High is now in place.
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at 1940 
Gold 2024 Commodity BOOM! (ECM) 🚀
in Commodities
Posted · Edited by Carl-Gustav
H4 Time Frame: Made an interesting observation. Looks like gold is in "Cycle Pattern #2"...
Daily Time Frame: Gold is currently challenging cyclical support - an important level, a closing below would suggest a further decline, unless price creates a bearish reversal by immediately closing back inside the cycle. If this happens, we will have a low or temporarily low in place.