{quote} Thanks for the Wolf of Wall St inspiration. Gold Right Now above 1500 again. Stuck in a reasonably tight range in October so far. Agree - buying dips for the most part.
Can you afford to take that chance?
- #861
- Oct 8, 2019 2:35pm Oct 8, 2019 2:35pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
- #865
- Oct 10, 2019 12:18am Oct 10, 2019 12:18am
- Joined May 2019 | Status: iTrade | 1,838 Posts
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
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Right now gold is looking like an excellent buying opportunity. Since it fell and hit that low last week, it's been pretty bullish. Kind of a quiet bullishness. But it's about to break out IMO. {image}
Well you chart was OK untill now....
Here in Europe pn the 4hr chart?????...
You only see what you focus on . See also here:
https://www.metalsmine.com/showthrea...2#post12551492
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today:
na
- #867
- Edited 7:08am Oct 10, 2019 2:33am | Edited 7:08am
- Joined Jul 2012 | Status: Trader | 31,780 Posts
It's better to be out wishing to be in... than to be in wishing to be out!
- #868
- Edited 11:32am Oct 10, 2019 8:44am | Edited 11:32am
- Joined Jul 2012 | Status: Trader | 31,780 Posts
It's better to be out wishing to be in... than to be in wishing to be out!
- #869
- Oct 10, 2019 10:43am Oct 10, 2019 10:43am
- Joined May 2019 | Status: Trader | 1,178 Posts
Right now I see Gold/Silver ratio in a sideways mode for some time, but I think time is coming now, with the indian festive season and the marriage season fast approaching, for Gold/Silver ratio to take another leg down.
One of the most auspicious days for Indians to buy Gold and Silver is Dhanteras, which is falling on 25th Oct this year.
A break below 81.74 would conclusively prove that the new downtrend is emerging.
One of the most auspicious days for Indians to buy Gold and Silver is Dhanteras, which is falling on 25th Oct this year.
A break below 81.74 would conclusively prove that the new downtrend is emerging.
- #871
- Oct 10, 2019 7:40pm Oct 10, 2019 7:40pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
{quote} Well seen Dutchy, look @ 4H chart enclosed, the price melted down the 1500 bottom.............again {image}
I had my fishing net filled with SL@1500
Once in a while I know what to do right
Enclosed the 5' chart
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today:
na
In my previous overview about #Gold (visit my profile for more details), I wrote this maket did trading in the range of balance between 1500-1520 levels. As a result, we got the formation of a big "bell shape" in market profile (left side indicator).
Yesterday, we got the first clue about future direction with the breaking of minor blue support line.
1) Selling of pressure to break down the minor blue support line
At the opening of today's session, chart confirmed the market's intention.
2) Trap for bulls at the opening of the session (I use data from Moscow exchange, futures section). Green clusters represent: a) buyers are entering Trap b) sellers are knocking out from good positions
3) Another portion of genuine Supply (Selling Pressure).
So, Buying Culmination + EVRT on 03/Oct revealed its power - the Market broke down 1500 level. It should act as resistance. Sentiments are negative. Next week should produce the development of decline. Breaking out above 1500 with the bullish style will invalidate the bearish course.
Yesterday, we got the first clue about future direction with the breaking of minor blue support line.
1) Selling of pressure to break down the minor blue support line
At the opening of today's session, chart confirmed the market's intention.
2) Trap for bulls at the opening of the session (I use data from Moscow exchange, futures section). Green clusters represent: a) buyers are entering Trap b) sellers are knocking out from good positions
3) Another portion of genuine Supply (Selling Pressure).
So, Buying Culmination + EVRT on 03/Oct revealed its power - the Market broke down 1500 level. It should act as resistance. Sentiments are negative. Next week should produce the development of decline. Breaking out above 1500 with the bullish style will invalidate the bearish course.
Oleg Alexandrov, market analyst. Find me in Google
- #877
- Oct 11, 2019 12:34pm Oct 11, 2019 12:34pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
So happy with the gold market right now... price gives us a chance to RIDE up again, for FREE Wonder that will happen next week... I might increase my BUY positions, should all goes well... I also love if we do not agree on the BUY because someone has to pull it down also so that we can enter the BUYs many times... so that we get more profits to just entering/buying it once and wait We also get the flexibility to be out of the potential spikes, if we see it coming and also... using tighter leverage because of that
Wonder that will happen next week... I might increase my BUY positions, should all goes well... I also love if we do not agree on the BUY because someone has to pull it down also so that we can enter the BUYs many times... so that we get more profits to just entering/buying it once and wait We also get the flexibility to be out of the potential spikes, if we see it coming and also... using tighter leverage because of that Can you afford to take that chance?
So happy with the gold market right now... price gives us a chance to RIDE up again, for FREE
In that scenario, running the risk, that when the support crashes, you lost your profits from the 1480 B?
Is thatwhat you do, or do I have it all wrong??????
PS: I have such a strategy, where I risk my profits as in this exemple
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today:
na
- #879
- Edited 11:40am Oct 13, 2019 11:21am | Edited 11:40am
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
{quote} So do you mean AuricF that when you have ex. a B@1480 in profit now, that you are willing to let these profits melt again as there may be a correction/retest of 1480? And then, when the bottom holds firm, you buy into new positions? In that scenario, running the risk, that when the support crashes, you lost your profits from the 1480 B? Is thatwhat you do, or do I have it all wrong?????? PS: I have such a strategy, where I risk my profits as in this exemple
And also compare to if that is better than just BUY and HOLD... Much more exposed that way, maybe, specially at higher leverage... More about my system here..But if I would be able to ENTER the market at the BOTTOM (or PEAK)... to be able to pinpoint, lock-it at the optimal, almost EXTREME point... then I would much prefer to do that, enter good position at high-leverage and DO NOTHING
I call this method "SINGLE STRIKE".. but I consider it too risky to play with large enough amount... Might do this in parallel, with much smaller deposit... But since I am in it for a longer ride... I just prefer to PULL-OUT and start again latter, so it lasts longer and to reduce the risks Can you afford to take that chance?