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- waleed.khan replied Oct 20, 2014
HI griffinssoul Please see the XAUUSD 5 year chart with an overlay of the USD INDEX below. The USD INDEX is marked in blue. The Boxes marked in peach/beige are the times when the inverse relationship is broken. I think the inverse relationship is ...
- waleed.khan replied Oct 20, 2014
Hi Everyone! It seems we are going to see weakness for the usd index this week also...which can possibly be bullish for gold. There are still no reversal candles on the 1240 level on the daily chart, and hence price could extend its bullish run to ...
- waleed.khan replied Oct 9, 2014
url The past 4 days gold has been moving back up quite aggressively... This is typical behavior after a double or in this case a triple bottom... I expect price to keep retracing until the resistance zones marked... Watch for price action reversal ...
- waleed.khan replied Oct 1, 2014
Agreed CT! I have sell limits on that limit; with very small stop loss thresholds These past 2 weeks shorting on spikes have worked out very well... Of course this will not work at some point and turn around... But until its working why not keep at ...
- waleed.khan replied Oct 1, 2014
url I took some profit on target 2 and i'm generally still bearish... Will need a significant reversal candle on the daily to think otherwise...
- waleed.khan replied Oct 1, 2014
Nice to hear you were profitable!
- waleed.khan replied Sep 23, 2014
indeed... goodluck!
- waleed.khan replied Sep 23, 2014
True... although price has touched and rejected a resistance level... which is a good setup for a short..
- waleed.khan replied Sep 23, 2014
as far as a trade is concerned... i am still short biased and am looking to short at spikes like this... however the morning star is an early sign to be careful about... if price remains these levels all day today and breaks higher tomorrow then I ...
- waleed.khan replied Sep 23, 2014
A look at the inverse relationship between gold and the us dollar index Is it time for a short to medium term bottom in gold...? Could the same be said for the dollar? The stars seem to be indicating that... Silver has also posted a rejection pinbar ...
- waleed.khan replied Sep 18, 2014
GBp has taken off... high probability of no vote... any shocker is going to be a clear "short" but then If everyone thinks it should fall (where is the supply going to come from?) LOnger term investors...would they want to go long after ...
- waleed.khan replied Sep 18, 2014
Exactly... a no vote = stronger gbp but where is gold here...? a no vote = no change (thus no safe haven buying)
- waleed.khan replied Sep 18, 2014
lol... interesting way to look at it! However what is the correlation/logic between a no vote and gold bouncing up again?
- waleed.khan replied Sep 18, 2014
Price flirted wtih target 1 area... to me this is only a small retracement and a good opportunity to short again at 1224-27 level....
- waleed.khan replied Sep 16, 2014
Gold seems to have bounced off its resistance area and appears weak around the resistance at 1242.8. It is worth going short at these levels with stop loss above 1243-46 and aim for 1180 - 1215. However one should be careful by not risking to much ...
- waleed.khan replied Sep 11, 2014
Honestly IMO... I don't think there will be any drastic effects at all. To me the Russia/ukraine issue has now become a regional issue. There have been many attempts by ukraine to make it a global issue with global implications, but don't think that ...
- waleed.khan replied Sep 11, 2014
Well said... Knowing more is absolutely no harm...especially when it compliments other methods of trading...( just makes the picture even more clearer and crisp)
- waleed.khan replied Sep 11, 2014
No worries....you are welcome I personally believe that every trader should know about elliott waves... To me its the single most powerful tool for price projections. It gives context to "market structure". It gives a new meaning to "fibonacci" ...
- waleed.khan replied Sep 11, 2014
Indeed very subjective... However when 2 or more people have a similar count (the probability of it working increases). Elliott waves are all about finding the crowd mentality and how the patterns keep repeating again and again in a "fractal" like ...
- waleed.khan replied Sep 11, 2014
Spot on... Although it is easy to learn; it is hard and tedious to apply... ( I compare it to counting cards in black jack - in other words its a cheat sheet )