Time@mode — Trading Ideas on TradingView

Gold elliott wave and time@mode analysis (2016-06-25)Gold was bottomed at December 3rd last year and was confirmed at December 17th with a double bottom. I made an elliott wave analysis previously and pointed that the five waves down were finished and would start a three waves correction. From elliott wave analysis the wave A correction has raised from 1046.23 to 1263.37 with 70 days. Then it underwent an expanding triangle correction for 109 days which is wave B. It broke out of the correction region at Friday. If this breakthrough is confirmed in the following week, gold will head for higher. I made a time@mode analysis based on @Tim West and @Ivan Labrie's method. Price target: TP1: 1391 TP2: 1463 Time target: T1: August 31th T2: November 04th Good luck for everyone! Notes: Pay attention to whether the breakthrough will be confirmed in the following week. If it does, gold is in wave C.

Bitcoin - BTCUSD - Bitstamp -Time@Mode Rally Complete Bitcoin rallied to the time@mode targets based on the methodology I have presented here at TradingView. You can do the analysis yourself by following the guidelines. The analysis on the left hand side of the chart is untouched from the last chart I published (see link below for original chart). The current rally completed an 11-day rally out of the 11-day mode that was created at the 243 level. The range around the mode was 258 to 234, which when you add the 24 point range to the 243 level provided an upside target of 267 which the market reached in 4 days. The action since then is also bullish and the mode is rising and there are many bullish signs within the price action that are long term bullish. The buyers are aggressive and they are clearing out the sellers. I look forward to pointing out the next trade as it sets up. Tim 11:53PM July 9, 2015

USDCAD - Daily Time@Mode Analysis - Top Reached Thanks to @IvanLabrie who is constantly following and trading FOREX who pointed out this chart to me this morning, but it was so clear I felt it was worth showing all of you. The pattern here is as clear as you want to find in a trade setup. @IvanLabrie caught it nicely in his analysis and here it is plain and simple. #1 - Start the trend at the lowest price on the chart. #2 - Find the most common price since the low (disregard all price action to the left, initially) #3 - Find the range around the most frequent price (aka - mode). #4 - Project up the range starting from the mode to get a target price. - Enter long when you see range expansion from the mode and a low > mode. #5 - Exit at the target. You can exit and go short too at the target, but that is another style of trading that you may only want to do once you have piled up some profits first. The best way to sell at the extreme is to wait for the range of trading to contract, as it did in this example yesterday. And you you can sell with 1 average range as your stop loss and target the mid-point of the range initially. You can add to your position as the market falls under the highest low, as it has done today. You want to see "range expansion" to the downside to confirm your trade as soon as possible too, which is happening right now as I type. Range expansion is when the decline today is greater than the range of trading yesterday. The KEY to this too is the Trend Indicator at the bottom which shows the path of least resistance of the market by looking for this indicator to be on a 2-month high to look for longs and a 2-month low to look for shorts. The key is that selling short up here is a contra-trade to the trend, so you don't get greedy when trading against the trend, rather, you look for fast profits and if they don't emerge, you walk away. Feel free to send charts to me or to publish charts that set-up with this methodology so we can all find great trades together. Time@Mode Tim 8:52AM July 9, 2015