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- zusch replied Nov 12, 2013
Looks like tradeable double bottom on 1hr chart.
- zusch replied Jul 23, 2013
Gold still in a downtrend. Watch for $GLD to close under 129. Should that happen, gap down tomorrow and further selloff is likely.
- zusch replied Jan 18, 2013
Price has got to bounce one of those lines eventually..
- zusch replied Jan 17, 2013
url Follow up that article with... url
- zusch replied Jan 14, 2013
This is my sentiment exactly. Charts just look indecisive. Price needs to consolidate like BBKing is also saying.
- zusch replied Jan 14, 2013
I would say the bias is for gold to head upwards in the next 3-4 months, but now doesn't seem the time to be buying. Last week was an inside bar, but the weekly chart action is not very clear. I'm waiting until next month at least before I start ...
- zusch replied Dec 10, 2012
163.20 on GLD has a chance to be the bottom in my opinion. Not really the cleanest looking charts I've seen, but a viable entry time that is low risk.
- zusch replied Oct 19, 2012
I believe in only taking trades that are low risk. Low risk trades tend to yield a much greater reward. That is the opposite of what most traders believe, which is that more risk equals more reward. Risk:reward ratio can only be calculated at the ...
- zusch replied Oct 19, 2012
I'm not sure how any of my posts translated to that. Conversely, cashing in on winning positions because you think you "know" that a trend is about to stop because of a resistance level is just as disastrous in my opinion. We still agree on that ...
- zusch replied Oct 19, 2012
I don't know how you are able to be smarter than the market, but I guess continue to do what you're doing. I know I had described my Fib method before and it turned out that I was explaining it to you. url
- zusch replied Oct 19, 2012
I use candles and Fibonaccis in a way that requires no subjectivity. I don't know what is normal, but the beauty of technical analysis is always in its simplicity. More retrace = less power. Less retrace = more power. When I see an attractive ...
- zusch replied Oct 19, 2012
I see what you are seeing when I draw the Fibs from June lows to October highs, but they really don't seem like important levels. Fibs for me can only be used when analyzing the previous candle whether that be daily, weekly, or monthly. For instance ...
- zusch replied Oct 18, 2012
I don't have a futures chart available, only GLD, but 1775 is close to where the month opened so yes I agree we need to get there at least. That would mean the monthly candle closes as a inside-ish bar. Basically the candle can't finish red, and the ...
- zusch replied Oct 17, 2012
Computer problems are solved and now gold seems to be in a weird spot. The 61.8% retrace of last month ($167.30) was almost hit but bounced. I would have liked to see a stronger up day yesterday than what happened, but for now the monthly hindsight ...
- zusch replied Oct 6, 2012
I also see a possible reversal pattern on gold. Fridays daily candle was a bearish outside day after Thursday's breakout of last months highs. Friday should have been another green day, but instead a bearish engulf happened. That is very worrisome. ...
- zusch replied Oct 4, 2012
All eyes on gold!
- zusch replied Oct 3, 2012
One could argue that all instruments are manipulated...
- zusch replied Oct 3, 2012
Metals are just like any other instrument and don't needed to be traded in a special way. The best trading methods can seamlessly be applied to all asset classes because the best trading methods keep it simple.
- zusch replied Sep 29, 2012
I hope everyone wasn't scared by last weeks minor retracement and held their silver & gold. Now that the monthly candles are closed and look like more bullish action is coming. 1750 and the 38.2% retrace are in confluence so that would be the first ...