- Search Metals Mine
- 65 Results (1 Thread , 64 Replies )
- 7bit replied Jun 20, 2013
strike!
- 7bit replied Dec 29, 2011
This pattern extends to at least 1290 (161%, my usual target for these kinds of patterns) and when doing the 200% extension (happens quite often) it would reach as low as 1140! My bet is: Gold will reach 1140. image
- 7bit replied Oct 31, 2011
I think its time now. Silver: Target 20.00$, stop 35.70$ Gold: probably similar (exit gold short when silver hits the target (probably at 1400), stop 1755).
- 7bit replied Oct 23, 2011
It is 661 pips. 1 pip in gold is a price difference of the gold price of 0.01$
- 7bit replied Oct 6, 2011
I'm still waiting for the above numbers, nothing has changed technically.
- 7bit replied Oct 5, 2011
When all speculators have taken their profits (or their losses), when the gold price is back at normal levels (normal == the prices at which it is traded most of the time). Then Gold will behave normal again.
- 7bit replied Oct 5, 2011
1.4 lots are 140 ounces? (I only trade at Oanda, so I don't know how your br0ker handles it)
- 7bit replied Oct 5, 2011
This means you have averaged down your breakeven point to below 1700 already? You must have a lot of buys already and more than doubled your long exposure during the last weeks. I would be VERY interested to know how many ounces you are long already ...
- 7bit replied Sep 29, 2011
Why don't you close your buys and wait until its going up again (if this ever happens) before you reopen them? Why don't you make money with shorts while it is going down? Why are you throwing your money out of the window?
- 7bit replied Sep 28, 2011
Every support is demand. Otherwise price would just fall through and not be supported. A descending triangle is *always* a reason for me to *immediately* open a short position, target is the support line minus the height of the triangle plus a few ...
- 7bit replied Sep 27, 2011
50% level and target of bullish pattern is 35.14 At 35 I will enter short, Target $20. I am not trying to long it because I don't want to fight the trend which is *down*.
- 7bit replied Sep 27, 2011
Fib level is right here at 33.00 It might bounce earlier and deeper than you expect.
- 7bit replied Sep 27, 2011
It *is* wrong. Close the trades before its too late.
- 7bit replied Sep 26, 2011
I have better targets for Gold and Silver now: Gold: 1720 Silver: 35 These are the 50% retracements and the 200% expansions of the reversal patterns (both are the same, almost to the pip exact) I think it is a good idea to exit *all* your remaining ...
- 7bit replied Sep 26, 2011
Its funny how the M5 chart is mirroring the daily chart: image
- 7bit replied Sep 26, 2011
at what price will you stop trading and close the trades? or does this scenario not exist in your plan? what if it simply does not rise anymore? have you ever thought about this possibility?
- 7bit replied Sep 26, 2011
gold retest of ~1700, then short again silver retest of ~32 then short again of course it could also continue further down without retesting these levels, the bears are strong.
- 7bit replied Sep 25, 2011
I have tried a lot of things with pattern recognition, machine learning, etc. and also some statistical arbitrage strategies but none of this has found its way into a reliable automatic trading system for me. Its still only research and ...
- 7bit replied Sep 25, 2011
In the end it will not matter whether it was price suppression, manipulation, fraud or a totally normal correction that will look totally healthy on the monthly chart or even the bursting of a bubble. In the end all that counts is that you are not ...
- 7bit replied Sep 25, 2011
I was not talking about price suppression or physical supply or demand (quite the opposite, I even admitted that fundamentals might still point upwards), I was talking about the observed facts that price never moves in a straight line, no matter how ...