Begin. Cope with XAU/USD.
Fishing is among the most historical methods to get meals and there’s no one that doesn’t know easy methods to catch fish with a fishing rod.
Rod, line, float, weight and hook. What else is required, in addition to bait on a hook, as a way to catch fish? That is proper, you want the suitable abilities and expertise. The Russian proverb says so: “You may’t catch a fish out of a pond with out labor.”
Taking freshly dug worms with a fishing rod, you may go to the river for fish. I don’t assume it’s a smart concept to take with you one other kilogram of fish along with the worms as a way to catch a pair extra kilograms on the river with its assist.
What am I speaking about? Furthermore, buying and selling on FOREX is akin to fishing. Each right here and there require the suitable abilities and expertise, and right here and there “these thirsting to fulfill their starvation” try to get meals for themselves, and right here and there somebody doesn’t succeed in any respect. And sure, FOREX shouldn’t be a spot the place it’s good to include 1,000,000 to earn two. At FOREX, like going fishing, it’s good to come “with a fishing rod” and catch as a lot as your data, acquired abilities and accrued expertise in speculative buying and selling permit.
The query of worthwhile buying and selling on FOREX lies within the aircraft of selecting the required “fishing rod”. My selection of fishing rod is using the Niro Technique in speculative buying and selling – a technique for modeling the longer term dynamics of worth within the monetary market, which could be discovered by clicking on the hyperlink in the article “Apophenia as an apologist for clairvoyance in capital markets”.
There are a lot of sorts, strategies and strategies of fishing. Fishing could be industrial, sport, or beginner; Generally it’s winter, generally it’s summer season; generally river, lake, generally sea; it occurs from the shore, from a ship, from the floor of the ice, by coming into a physique of water, and generally underwater fishing; It may be float, spinning, backside, with using a spear, with taking pictures at fish from a bow, and generally with taking pictures from an underwater gun. Usually, for each style. Properly, the strategies of fishing and sorts of fishing gear are merely inconceivable to checklist or describe on account of their infinite quantity.
Do you perceive what I am getting at? Furthermore, deciding what to purchase and what to promote, the place to position take revenue and the place to position cease loss, is preceded by basic and technical analyses, the sorts of that are countless.
There are numerous methods to technically analyze charts, in addition to fishing strategies. My technique is the Niro Technique, it is no higher or worse than others, it is simply completely different.
The essence of the strategy for modeling the dynamics of quotes is to establish the fractal construction of the chart and describe it utilizing attractors from the Niro Alphabet.
If we contemplate the Niro Technique to be a fishing rod, then let the bait on the hook be a deposit of three USD, primarily equal to a worm strung on a hook, which has zero worth in comparison with fish that may be eaten or bought.
Let’s begin buying and selling gold (XAU/USD).
As of 08/18/2023, essentially the most possible fractal construction of the gold value dynamics chart is the fractal construction proven in Fig. 1-1.
In line with this fractal construction, the mannequin for the longer term dynamics of gold costs would be the continuation of the formation of the fractal indicated in Fig. 1-1 in blue.
This FMFS-I state of affairs for the event of gold value dynamics (Fig. 1-1) assumes that on the level with coordinates (09.26.2022; 1621.01), a fractal started its formation, which is indicated in inexperienced, and on the level with coordinates (20.03. 2023; 2009.68) this fractal has ended.
Mentioned inexperienced fractal fashioned as fractal F-#21 from Niro’s Alphabet of Attractors. Furthermore, the first phase of the inexperienced fractal was fashioned within the type of fractal F-No. 13, with an order one decrease, which is indicated in orange on the time interval (09.26.2022; 12.13.2022). The 2nd phase of the inexperienced fractal was fashioned within the type of fractal F-No. 24 on the time interval (12/13/2022; 12/22/2022). The third phase of the inexperienced fractal was fashioned within the type of fractal F-№22, which is indicated in purple on the time interval (12/21/2022; 03/20/2023).
Thus, we are able to assume that within the time interval (09/26/2022; 03/20/2023) the formation of the first phase of the fractal, indicated in blue in the fee vary (1621.01; 2009.68), occurred. If that is so, then the 2nd phase of this blue fractal was fashioned on the time interval (03/20/2023; 08/18/2023) within the type of a fractal with an order lower than one, which is indicated on the chart by fractal F-No. 21 from the Alphabet of Attractors Niro dark- purple colour.
The primary phase of this darkish purple fractal was fashioned on the time interval (03/20/2023; 05/26/2023) within the type of fractal F-№14, which has an order of 1 much less and is indicated in gentle brown. The 2nd phase of the darkish purple fractal fashioned as a mono phase on the time interval (05/26/2023; 06/02/2023). Properly, the third phase of this darkish purple fractal F-No. 21 was fashioned on the time interval (06/02/2023; 08/18/2023) within the type of fractal F-No. 23, which is indicated in pink on the chart.
Considering these assumptions, throughout the framework of the FMFS-I state of affairs, the upcoming dynamics of gold quotations must happen in an upward development throughout the framework of the formation of the third phase of the fractal, which is indicated in blue on the chart.
As of 08/18/2023, it was assumed that after the completion of the 2nd phase of the blue fractal on the time interval (03/20/2023; 08/18/2023), an explosive enhance in gold costs would observe, inside which the price of a troy ounce must exceed $2,100. Nevertheless, no explosive progress in quotations occurred and on the time interval (08/18/2023; 09/18/2023) a fractal construction was fashioned, inside which the worth of gold remained just about unchanged and remained in a slender vary at $1,900 per ounce (Fig. 1 -2).
Regardless of the sluggish progress of quotes, the FMFS-I state of affairs nonetheless stays a precedence for consideration. If that’s the case, then explosive progress in quotes ought to nonetheless be anticipated.
Evaluation of small fractal buildings exhibits that within the time interval (08/18/2023; 09/18/2023) fractal F-No. 34 from the Alphabet of Attractors Niro was fashioned, which is indicated in crimson on the graph. If this assumption is appropriate, then an explosive progress in quotes is feasible solely in a single case, if this crimson fractal is the first phase of a bigger order fractal F-No. 35, which is indicated in orange. On this case, we should always count on a pointy decline in gold costs as a part of the formation of the 2nd phase of the orange fractal, adopted by a pointy enhance in costs as a part of the formation of the third phase of the orange fractal in the direction of the extent of $2,100 per ounce (Fig. 1-2).
The orange fractal fashioned on this method would be the 1st phase of the fractal of 1 greater order, which is indicated in inexperienced on the graph (Fig. 1-2). After the completion of the orange fractal, gold quotations must lower as a part of the formation of the 2nd phase of the inexperienced fractal, after which the expansion of quotations will proceed at an excellent higher tempo, updating historic highs as a part of the formation of the third phase of the inexperienced fractal.
As of September 18, 2023, we are able to say that essentially the most acceptable second to purchase gold would be the completion of the 2nd phase of the orange fractal at one of many Fibonacci grid ranges (Fig. 1-3).
The size of the first phase of the orange fractal is 47.40 USD. The most definitely size of the 2nd phase of the orange fractal within the occasion of a pointy drop in quotes might be a size equal to 2.618 of the size of the first phase, that’s, equal to 124.09 USD. Thus, an appropriate quote for opening an extended place in gold might be within the vary from 1,812 to 1,815 USD per troy ounce (Fig. 1-4).
10/06/2023 after the completion of the 2nd phase of the orange fractal on the calculated level decided by analyzing the smallest fractal buildings of charts with minute time frames, an extended place in gold was opened with a quantity of 0.01 lot at a value of $1,813.56 per troy ounce (Fig. 1-5).
The closing of the each day candle on 10/06/2023 above the market entry level provides cause to imagine that the chosen mannequin is appropriate for the longer term dynamics of gold costs in response to the FMFS-I state of affairs (Fig. 1-5).
In anticipation of an explosive progress in gold costs, it was determined so as to add a pending purchase cease order with a quantity of 0.02 heaps at $1,873.56 per ounce along with the open lengthy place (Fig. 1-6).
Extra to return.
Learn all Diary entries on the costforecast web site on the hyperlink: https://costforecast.bitrix24.website/blog1-2-en/
