be the first one to get in and the first one to get out, I like to positions myself early before hustlers get the trade crowded too much. when john paulson hit hard on the mortgage cds everyone thought he was crazy, now look what's he up to ...

The WoRmHoLe

some commentary on options/futures side, considering WP & MP it does make sense, any momentum build up north above MP will be a good signal to get in for a ride. Commentary & Analysis: You couldn’t tell it from the futures activity today, but there ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

dont forget MP and WP, which are 1514 and 1509, so a safe trade will be a break out of that range with TP set at 1540-1560 area.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Azim agreed completely that it's prolly the best. Im currently looking on D1 PB on gold/crude and looking to initiate some longs during asian session, depending on todays close, I think gold has enough time before important options/futures ...

The WoRmHoLe

this describes PA on gold well for right now for me it's a preferred scenario. lock in gains above 1500 and then retest ML @ 1550. image

XAU/USD & XAG/USD - Gold & Silver Traders Thread

PA tells you the story my friend. I do still hold the target for this quarter at 1395 at least, which is quarterly pivot. HOWEVER, considering latest PA across gold/oil/silver markets and that important options/futures expiration date (june 2011) is ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

image ok Azim I hear you, we zoom out, and by looks of it, the 75.62 is PPZ anyway, so rejection of recent MR1 and 75.62 being a PPZ at least suggests that gains on usdx could be short lived for now.

The WoRmHoLe

no further comment needed. If you think some superbowl match outcomes can be correlated with gold/usdx movement as well as gold/oil correlation, than good for you, you got yourself a winning system. if something doesn't quite add up, maybe you ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

USDX D1 pinbar & double top formation @ monthly R1 level, do your own homework though. image

The WoRmHoLe

image image image No debate just facts. Also if reputable clearance houses use this relationship for purposes of their trading, that also gives you some idea. The hedge fund, which I worked for some years ago also used this in their ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

sorry not much to comment on the forks, I just plot whatever suits the PA best, however I'm well aware of industry standards, as have studied babson, mikula, andrews, dologa, etc. I can say that out of the whole framework I like the action/reaction ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

earlier on someone was telling me there is no relationship between usdx, metals, crude oil, here's a good quote for your reference then.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

D1 PB is in process of forming, so close above 1497 today will actually indicate more upside on gold mid-term, if we close above 1497 today one could look to go long for 1540-1560, PB at a key level like this is very important on higher timeframe. ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

image Bernanke getting rid of evidence. no evidence no one to blame.

The WoRmHoLe

also if you check out USDX weekly R1 was tested and PA was rejected at R1 and there's a double top at that level as well. strong PA break of 75.14 on usdx will indicate further downside is being uncapped (back to MP/WP? at 74.20)

The WoRmHoLe

same deal on gold actually, close above 50 fibo and the closer the look of that PB to the text-book sample, the better. I will initiate longs if we close with strong PA above 50 fibo - this will mean more upside on gold mid-term. image

The WoRmHoLe

here's a chart dispatch from Moscow, Russia. image that's daily light crude, todays close is very important, if we can manage a PIN or close above 97 at least, that would mean more upside for metals and a correction on majors, however if we ...

The WoRmHoLe

that happens even to the best of us, however that's nothing compared to what I did on gold this week opener during asian session. I put a pending short order before going to bed and set an alarm, then suddenly at night the level was triggered and ...

The WoRmHoLe

GU looks like consolidating and sitting on 6240 hower looks dangerous and can prolly spike up higher at any rate.

The WoRmHoLe

also EU has done 300 pips this week, kinda close to it's natural weekly atr, aside from stellar weeks like the last week for instance. however prolly still got 100 or so pips on the downside, which could be cracked open soon, that kinda gets us to ...

The WoRmHoLe