GOLD / 0-5-9 pattern for a reversal.

已更新

One of Those days where there could be a bull, but for that:
Tag 1280.xx
Have a volatile break of 3 pivots upwards calculated from the 0-5-9 pattern.
In quant mathematics 0-5-9 is used in most frequency Trading robots used to identify reversals.
In most cases, such pattern needs a fundamental catalyst.

Failure to break 3 pivots or break of the 0-5-9 base level 1280.xx invalidates it.

Trading setup and orders can be seen in 2-100k challenge account, so I don't need to update a lot.
Login details have been provided in previous posts.

交易开始

So I have the buy open!
As you can see Gold did not invalidate the 0-5-9 pattern because it did not completely break the 1280.90 level by reaching exactly 1277.50
As you saw it stopped millimeters above my Stop Loss if you monitor my 2-100k account.
But it can invalidate it if does not break pivots and goes down.
So I will prefer to put a BE maybe!

注释

Okay, hello guys one more time!
I was busy and made the last update here in the sky!
I was teaching a new pilot in balloon flying, he had a 3rd exam flight today!
Here is one of the most beautiful moments, when you travel through the fog and then you see the sunlight while down there it is dark, foggy and cloudy!
We had a critical situation too, that I somehow managed to film!
It is very dangerous if under you there is one more balloon changing altitude aggressively. I didn't catch the whole moment as I was worried, but you can see how close the lower balloon traveled to us. In such situations, we would be okay, but the 2nd balloon could damage itself if it would hit our basket and in such situations, it just falls down!
It all went well though, and everyone is alive! :)
youtu.be/w4PiKfARdN0

Now about analysis!
If you monitor my 2-100k challenge account you saw the trade setup! I had pending order 1280.9 and SL 1277.5 just like here on the chart!
With spread counted in! Because if it would tag 1277.5 that means gold goes down lower! So there was no need to put it lower and lose more in such situation!
It stopped 1277.63 which means it's a failed breakdown.
But still, it has not managed to break pivots upside so anything can happen!
I have moved SL to BE because why shouldn't I.
If it goes up, then it goes, if not then I'll have a second try later!
We have a lot of news today, so let's see!
If it manages to break 3 pivots it is a confirmed 0.5.9 pattern reversal!
And if so, chances are big to travel up for some time - days - weeks.
0.5.9 patterns are rear on charts and not easy to spot, but if there is one, it is good to have a try. As well this trade is already risk-free for me!
Take care guys! I have a lot of stuff to do! One more flight today so I am not in front of charts.
Good Luck!

注释

Hello, guys!
Well, it's all good though but wanted to see the pattern work out itself today!
Anyway, it is still valid as this is not intraday!
All those requesting logins for 2-100k challenge will receive them shortly. Maybe today If I get things done.
But while it is not available fully, here is the login just to remind.
Broker Fxpro
Nr: 9080984
Psw: TheZabisyu
Server: Real 05

If I am lucky and the pattern is a valid one, and my BE is not taken this can be a nice run up to 1348 that can make a huge difference for 2-100k account since I will be adding by following intraday!

Today the reversal from 1277.6 was amazing! I was in a hot air balloon dropping eyes on the chart through mobile, and saying myself that SL will be hit. But Gold had to make 10 cents more for the break, and apparently, it did not want to.
So now the worst case scenario is a Break Even.
Take care!

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Close below 1287 wouldn't be good though.

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I have not done any additional analysis because I am lazy today, tired and it's Friday. Not willing to study the levels for tomorrow!
BE is set in place, the pattern is still valid unless proven otherwise.
Hopefully, it goes well!
In next Idea, I will explain what is 0.5.9 pattern and how it is found, and calculated.
Don't google for it, you will find 0 information.
If I decide to add any new trade maybe tomorrow just look it up in 2-100k account for yourself.

From Friday Night to Sunday I will be doing night flight with a balloon and will watch a sunrise at around 1-2km altitude. Will films some video.
Other than that, have a great weekend.
Good Luck.

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P.S I couldn't get the 2-100k site ready yet, so maybe tomorrow. I will update if so.

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All I see is the close is not Good for a bull in no way below 1287.
This is where the pattern needs a fundamental catalyst or something to push it up in a volatile manner. Or it goes back down.
Now really, I'm off! Once Again, Good Luck.

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Yo Brazzers! It stopped on the first Pivot. What a son of a ... right?
LOL

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Good Evening
Those requesting registration for 2-100k should've received login.
2-100k platform is ready.
So password provided for mt4 trading account that I posted here a couple times will be changed too.
Good Luck.

注释

Changed MT4 pw. Non-members can't have it!
Have a great weekend have some nice rest and with clean mind come back on Monday!

注释

Hi.
The pattern was invalidated before the close last Friday! The first pivot sent it down.
Still not bad given the fact that I had BE set on the trade so having a risk-free ride is always a good thing to have in trading.

Give me couple days off. I don't feel good!
All I can tell u is be careful with shorts in these conditions!
If you seel and you get money that's only good, just be careful.
I'll get better and post smth when I can.
Trade with care.

P.S I didn't have the chance to fly during the night because of the weather, but I took off around 4:00 am in the morning and had a chance to see the sunrise at 2km altitude.
Not a lot of footage but still something!
At the end of the video, I reached 2km and then decided it is time to go down bcz the weather under the clouds was already dangerous and was getting only worse. So I spent 3 hours above the clouds in between 1.3km - 2km altitude!
The highest I had been in a balloon is 8.9km altitude! :)
youtu.be/aU84tmN3enI