save this darn thing on u screen and read it every day befor u start trading
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #16,123
- Edited 10:52pm Feb 4, 2012 10:51pm | Edited 10:52pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
both technical and fundamental indi were screaming at 1760 that short gold
but since I have 2 mnth old buy @1793 couldn't take that
my believe in demand supply have increased more
Test 1,743, 1,750 & 1,763 thereafter.
B
Edit* Add. Will try to get a couple @ 1,722 or so.
- #16,128
- Feb 5, 2012 9:34am Feb 5, 2012 9:34am
I expect Demand to rise from Here. Not a Perpetual Bull but Bullish from here.
Test 1,743, 1,750 & 1,763 thereafter.
B
Edit* Add. Will try to get a couple @ 1,722 or so.
now i'm scared of gold after this shitty daily bar
i desperately wants to close my order
hope it respects daily demand and continue move up from 1700
- #16,129
- Edited 12:53pm Feb 5, 2012 10:01am | Edited 12:53pm
There is something that is intriguing me. I've read that an impulsive wave must be faster than a corrective wave.
Now, it took 18 days to bring price from 1762.90 to 1522.40 and 25 days to get back to 1762.97.
So far, this wave is slower than previous one.
In fact, since September High, bearish waves are faster than bullish waves.
If this is an impulsive wave 1802,70 must be reached and exceeded at or before Feb 17.
Or should I stop comparing waves speeds?
Now, it took 18 days to bring price from 1762.90 to 1522.40 and 25 days to get back to 1762.97.
So far, this wave is slower than previous one.
In fact, since September High, bearish waves are faster than bullish waves.
If this is an impulsive wave 1802,70 must be reached and exceeded at or before Feb 17.
Or should I stop comparing waves speeds?
It was a double typo. I meant 1762.90 and 1762.97. Dangerous, eh?
Let's Liquidpaper it.
Thanks.
PD Higher price was 1920.70.
Now, it sounds like an informative post, Thanks, i was wandering about the 18 and 25 days stuff as well, so now it all makes sense
- #16,133
- Feb 5, 2012 1:34pm Feb 5, 2012 1:34pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Great rules! Thanks for posting, a refresher is always necessary!
read with me
i know its the weekend but i did remember those rules, its posted at the grave yard read and pic the ones u feel its will help u with u trading
save this darn thing on u screen and read it every day befor u start trading
10 GOLDEN TRADING RULES FOR SUCCESS IN FUTURES & FOREX TRADING
It is a well known fact that 90 percent of investors lose money in futures and forex trading, 5-7 percent break even and only 3-5 percent make money. Given the high casualty...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #16,134
- Feb 5, 2012 1:40pm Feb 5, 2012 1:40pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
