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Daily Trading with ST indicators

  • #41
  • Sep 26, 2006 10:06pm Sep 26, 2006 10:06pm
some technical patterns and indicators are suggesting that gold would be preparing to make a free fall in a few days.

current price- 591. below 583 would signal a start of serious selling down to 540 level.
  • #42
  • Sep 27, 2006 2:00pm Sep 27, 2006 2:00pm
Quoting Gold Trader
some technical patterns and indicators are suggesting that gold would be preparing to make a free fall in a few days.

current price- 591. below 583 would signal a start of serious selling down to 540 level.
Does these patterns take into consideration todays' price action?? What if Dec06 gold closed today above the 605, would it still be bearish or what?

In my own personal point of view, I think that if gold closed today above the 605 level, this will open room for further gains, at least for the short term....


Thanks,

Nader
  • #43
  • Oct 2, 2006 2:26pm Oct 2, 2006 2:26pm
Quoting narafa
Does these patterns take into consideration todays' price action?? What if Dec06 gold closed today above the 605, would it still be bearish or what?

In my own personal point of view, I think that if gold closed today above the 605 level, this will open room for further gains, at least for the short term....


Thanks,

Nader

Hi!

Gold closed under 600$. The monthly bar was bearish and had a low close. Daily put in a pin bar into 606$ resistance. This all suggests we could be going lower again.
Potential target areas remain to be 569$, then 550-540$(535$ tops, under that would mark an utter blowout) imho and under 582$ should accelerate progress towards these levels. I see this fitting in well with a generally dollar bullish picture on the monthly, however I am not fully convinced yet....but the fact that everyone has been ringing the dollars death knell for the whole year, I assume the quirky logic would be the opposite has to happen

Gonna be interesting to find out!

Best of luck with your trading!
Trust price. Know yourself.
  • #44
  • Oct 3, 2006 8:01am Oct 3, 2006 8:01am
Addon:
Just wanted to illustrate how even a super-simple approach with Vegas'-4h-Method would reap insane profits on gold these last 2 months, assuming that trend is still down..
As you can see, using either thirds or 2 halves, you could have made 800+ or 1400+ pips with this within a week on a proper primary short signal...
Currently a new primary short signal occured at around 601$ and is already +15$ or 150 pips.....I have traded from a daily pin instead and entered late.
I am currently forced to demo this as my broker has raised it's spread for gold to 1.2$. Looking for a new one atm and considering NEUIMEX.
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Trust price. Know yourself.
  • #45
  • Oct 3, 2006 8:55am Oct 3, 2006 8:55am
how are u able to get Gold quotes on MT4 ?
  • #46
  • Oct 3, 2006 9:03am Oct 3, 2006 9:03am
MigFX as well as Neuimex carry it, you can get it via market watch>> show all symbols and making a chart from that or using file/new chart and picking gold bullion...
Trust price. Know yourself.
  • #47
  • Oct 5, 2006 7:12am Oct 5, 2006 7:12am
Quoting iceburg501
how are u able to get Gold quotes on MT4 ?
When I rightclick on my marketwatch-window, I can choose symbols and then gold.
  • #48
  • Oct 5, 2006 9:37am Oct 5, 2006 9:37am
I have StrategyBuilderFX running on moneytec demo servers i got gold and indices in the quote panel now but they dont update......

on MT4 demo with IBFX there is nothing but Forex......

Thanks
  • #49
  • Last Post: Feb 2, 2011 9:37pm Feb 2, 2011 9:37pm
Quoting Gold Trader
in this thread, i will be posting some charts on gold (spot) with my own technical indicators.

gold trader
Hello Gold Trader,

I.m a newbie in this gold trading bussiness.
Could you please explain to me what are your own technical indicators and what is a ST indicator ?
Really appreciate your help in this.

.best regards
veryspecial1
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