Elliot Wave on Gold

I'm looking forward for a major reversal down bearish and perform right shoulder of the Head-and-Shoulder reversal pattern. Otherwise, please be extra careful if this scenario invalid when another further bullish happen to finish uncomplete b white, Double-Top pattern probably.

Elliot Wave on Gold

Daily Chart
I'm looking forward for a "Head and Shoulders" pattern to be valid. This might lead for a major reversal and a bearish trend.

H4 Chart
We might see another bullish movement until the price touch 61.8% Fibonacci retracement area, before expecting continuation reversal of bearish trend to c-white. If the price breaking further up, it might be just a "bull-trap" to complete sub wave inside b-white, as long as 100% of Fibo retracement remain intact.

Elliot Wave's Prechter Interview About Dollar, Stocks

Aug. 11 (Bloomberg) -- Robert Prechter, founder and chief executive officer of Elliot Wave International, talks with Bloomberg's Pimm Fox about the outlook for the U.S. stock market and dollar. He speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

Laporan video, sila klik di sini.

Elliot Wave on Gold

A valid pullback retracement will bolster sub-white counting, which 61.8% fibonacci retracement will be the next target, to complete sub-b white.

Be extra careful if there is another a strong bearish rally and followed by a breakout through lower red trendline, which indicate sub-a which is not complete yet.

Elliot Wave on Gold

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Elliot Wave on Gold

Weekly Chart

A pullback and a strong breakout through lower red trend-line will boost a-b-c in yellow major counting. Otherwise we might see another bullish trend to complete unfinished 5.

Daily Chart

A valid double top chart pattern will bring a major reversal.

H4 Chart

Otherwise, we will see another bullish rally to complete the 5th major bullish wave before expecting major reversal.

The Gift

It only takes willpower to give ourselves permission to make the experience.
Absolutely everything we do, give, say, or even think, it’s like a Boomerang.
It will come back to us...

If we want to receive, we need to learn to give first...
Maybe we will end with our hands empty,
but our heart will be filled with love...

And those who love life,
have that feeling marked in their hearts …

Why? (Part 4)

Because of how you reacted.

You really have no control over 10% of what happens in your life.

The other 90% was determined by your reaction.

Here are some ways to apply the 90/10 Principle.

If someone says something negative about you, do not be a sponge.
Let the attack roll off like water on glass.
You do not have to let the negative comments affect you.

React properly and it will not ruin your day.
A wrong reaction could result in losing a friend, being fired, or getting stressed out.

How do you react if someone cuts you off in the traffic?

Do you lose your temper?
Pound on the steering wheel? (a friend of mine had the steering wheel fall off),
Do you curse? Does your blood pressure skyrocket?
Who cares if you arrive 10 seconds later at work?
Why let the cars ruin your drive?

Remember the 90/10 Principle and don’t worry about it.

You are told you lost your job.
Why lose sleep and get irritated?
It will work out.

Use your worrying energy and time to find a new job.

The plane is late. It is going to mangle your schedule for the day.

Why take out your frustration on the flight attendant?
She has no control over what is going on.

Use your time to study, get to know the other passenger, why stress out?
It will just make things worse.

Now you know the 90/10 Principle.
Apply it and you will be amazed at the results.
You will lose nothing if you try it.

The 90/10 Principle is incredible.
Very few know and apply this Principle.

The result?

You will see it by yourself!

Millions of people are suffering from undeserved stress, trials, problems and headaches.

We all must understand and apply the 90/10 Principle.
It can change your life!

…Enjoy it...

Elliot Wave on Gold

(click picture to enlarge)
A pullback from 61.8% white Fibonacci retracement and follow by breakout to red lower trend-line would bolster White counting, which will be a major big downtrend/corrective wave.

Otherwise, sub 2 in white OR 5 in yellow is not complete yet.

Two different scenarios. Both started the same. Both ended different. (Part 3)

Here is what could have and should have happened.

Coffee splashes over you.
Your daughter is about to cry.

You gently say:
“It’s okay, honey, you just need to be More careful next time.”

Grabbing a towel you go upstairs and change your shirt.
You grab your briefcase, and you come back down in time to look through the window and see your child getting on the bus.
She turns and waves. You arrive 5 minutes early a cheerfully greet the staff.
Notice the difference?

Two different scenarios.
Both started the same.
Both ended different.

Now, I can control it, yes we can. (Part 2)

The answer is “D”

You had no control over what happened with the coffee.

How you reacted in those 5 seconds is what caused your bad day.

Ya, sedang bercakap tentang The 90/10 Principle.

Discover the 90/10 Principle, it will change your life (or at least, the way you react to situations).

Apa yang dimaksudkan atas Principle ini?

10% of life is made up of what happens to you.
…90% of life is decided by how you react…

Apa maksud sebenar-benarnya?

We really have NO control over 10% of what happens to us.
We cannot stop the car from breaking down.
The plane will be late arriving, which throws our whole schedule off.
A driver may cut us off in the traffic.

We have NO control over this 10%.

The other 90% is different.
You determine the other 90%.

How?... By your reaction.

You cannot control a red light.
However, you can control your reaction.

Do not let people fool you.
YOU can control how you react.

I just can't control it, we can't control it (Part 1)

Kamu sedang bersarapan pagi bersama keluarga kamu.
Anak perempuan kamu terlanggar akan secawan kopi, lalu menumpahkannya pada pakaian kerja kamu.

Kamu tidak boleh mengawal terhadap sesuatu yang telah berlaku.
You have no control over it.

Oleh itu, what happens next will be determined by how you react.

Kamu menyumpah-nyumpah.
You harshly scold your daughter for knocking the cup over.
She breaks down in tears.

Yang kemudiannya, kamu beralih pula pada isteri kamu, and you criticize her for placing the cup too close to the edge of the table.
A short verbal battle follows.

You storm upstairs and change your shirt.

Back downstairs, you find your daughter has been too busy crying to finish her breakfast and getting ready to go to school.
She misses the bus.

Your spouse must leave immediately for work.
You rush to the car and drive your daughter to school.

Disebabkan sudah lambat, kamu memecut kereta 120 kilometer sejam di kawasan 70 km/j speed limit zone.

After a 15-minute delay and throwing $60.00 traffic fine away, you arrive at school.
Your daughter runs into the building without saying goodbye.

After arriving at the office 20 minute late,
You realize you forgot your briefcase.

Your day has started terrible. As it continues, it seems to get worse and worse.
You look forward to coming home.

A) Did the coffee cause it?

B) Did your daughter cause it?
C) Did the policeman cause it?
D) Did you cause it?

Kapitalis itu sangat hodoh, tapi salahkah kita belajar dari kapitalis?

Pada 1845, seorang ahli teori dan penganut faham liberalisme, Claude Frédéric Bastiat menulis tentang pengeluar lilin yang mendesak kerajaan mengharamkan cahaya matahari.

Petisyen yang dibentangkan dalam dewan perwakilan Perancis turut disokong oleh, antaranya, pengusaha sumbu, kayu api, tanglung dan damar.

Dalam Petition of the Candlemakers (Petisyen pembuat lilin) yang terkenal itu, Bastiat mengkritik sinis dasar perlindungan terhadap produk tempatan dengan alasan keterbukaan pasaran adalah sesuatu yang alami.

"Kami menuntut tuan-tuan meluluskan akta yang mewajibkan penutupan semua jendela, bidai, langsir, lubang hendap, cermin - ringkasnya semua bukaan yang menyebabkan cahaya masuk ke dalam rumah yang menjejaskan industri kami.

"Kami bangga mengatakan, kami telah menyumbang kepada negara. Oleh itu, negara ini mestilah bersyukur dengan tidak mengkhianati dan mengetepikan kami menghadapi pesaing yang tidak sepadan," fiksyen Bastiat dipetik.

Bastiat mati meninggalkan dunia pada 24 Disember 1850.

What Is the Price of Becoming Rich?

There are many ways a person can become rich, and each one has a price.

You can become rich by marrying someone for his or her money. You can become rich by being a crook, a cheat, or an outlaw. You can become rich through inheritance. You can become rich by winning the lottery. You can become rich by being a movie star, a rock star, a sports star, or someone outstanding in one field or another. You can become rich by being greedy. You can become rich by being cheap. You can become rich by being financially smart. Or you can become rich by being generous.

The price of being financially free requires time and dedication to gain education, experience, and excessive cash (Three Es).

You know you are financially smarter or increasing in sophistication when you can tell the differences between:

1. Good debt and bad debt.
2. Good losses and bad losses.
3. Good expenses and bad expenses.
4. Tax payments versus tax incentives.
5. Corporations you work for versus corporations you own.
6. How to build a business, how to fix a business, and how to take a business public.
7. The advantages and disadvantages of stocks, bonds, mutual funds, businesses, real estate, and insurance products as well as the different legal structures and when to use which product.

Most average investors know only of:

1. Bad debt, which is why they try and pay it off.
2. Bad losses, which is why they think losing money is bad.
3. Bad expenses, which is why they hate paying bills.
4. Taxes they pay, which is why they say that taxes are unfair.
5. Job security and climbing the corporate ladder instead of owning the ladder.
6. Investing from the outside, and buying shares of a company rather than selling shares of a company they own.
7. Investing only in mutual funds, or picking only blue chip stocks.

To be a rich investor, you must have a plan, be focused, and play to win. An average investor does not have plan, invests in hot tips, and chases the hot investments products of the day flitting from technology stocks to commodities to real estate to starting his or her own business. It's okay to invest on a hot tip now and then, but please do not delude yourself that one hot tip will make you rich forever.

In addition to the Three Es, there are five Ds that were required to become very rich, especially when you start with nothing. They are:

1. Dream.
2. Dedication.
3. Drive.
4. Data.
5. Dollars.

Most people focus on the last two, data and dollars. Many people go to school and think that the education or data they gain there will get them the dollars. In other words, many people use the lack of education or money as their excuse for not being rich.

In reality, it is the focus on the first three Ds that ultimately gains you the data and dollars you need to become very, very rich.

In other words, the data and the dollars are derived from having a dream, being dedicated, and having the drive to win.

In my opinion, money is just an idea. If you think money is hard to get and you'll never be rich, then it will be true for you. If you think that money is abundant, then that can be true.

Trading for a living

You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody.

This is the life of a successful trader.

Many aspire to this but few succeed. An amateur looks at a quote screen and sees millions of dollars sparkle in front of his face. He reaches for the money -and loses. He reaches again -and loses more. Traders lose because the game is hard, or out of ignorance, or lack of discipline.

Dr. Alexander Elder