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Gold techniques, systems, and individual trades

  • #61
  • Mar 31, 2010 10:31am Mar 31, 2010 10:31am
Quoting guitarjrb
I don't really know...too much indecision in the market, so i'm staying out until I see a clear direction. I'd buy a test of the recent lows of 1085 or so though.

I missed my entry at the upper trend line that's plotted on my earlier chart....that's what I get for not sitting in front of my comp all day right? lol. I'll hit the short button if it pushes upwards again around about the 1118 mark, else i'll hang out for another opportunity.
  • #62
  • Mar 31, 2010 8:20pm Mar 31, 2010 8:20pm
I'm going to wait for the price to drop from 1114.75 and for indications to point to a bullish move. The volume increase pattern seems like it will time to line up if the bearish movement is made slowly.

I'll keep you updated.

Also, I'm on spring break right now, so my trading might be limited, however since I operate in such a large time frame I shouldn't be hindered much
  • #63
  • Apr 1, 2010 8:05am Apr 1, 2010 8:05am
Quoting speedster239
I'm going to wait for the price to drop from 1114.75 and for indications to point to a bullish move. The volume increase pattern seems like it will time to line up if the bearish movement is made slowly.

I'll keep you updated.

Also, I'm on spring break right now, so my trading might be limited, however since I operate in such a large time frame I shouldn't be hindered much
I stopped out this morning on a short I had floating from overnight that I wasn't able to post about. I am now in buy the dip mode. The next trendline resistance is up in the mid 1130's and it looks a lot like a bullish breakout of a flag on the dailies.
  • #64
  • Apr 1, 2010 9:49pm Apr 1, 2010 9:49pm
Quoting guitarjrb
I stopped out this morning on a short I had floating from overnight that I wasn't able to post about. I am now in buy the dip mode. The next trendline resistance is up in the mid 1130's and it looks a lot like a bullish breakout of a flag on the dailies.
I'm going to buy in the low of this current bearish move. The volume indicator is lined up once again to show an increase in volume at the open of the us stock market which I feel will most likely be a bullish move.
  • #65
  • Apr 1, 2010 11:08pm Apr 1, 2010 11:08pm
Current outlook. I expect the bullish move to take place at the open of the US markets.
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  • #66
  • Apr 5, 2010 7:40pm Apr 5, 2010 7:40pm
Here's my analysis. I have to go, so I can't write a text explanation here, but the graphic is self-explanatory if you've read my others.
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  • #67
  • Apr 6, 2010 10:50am Apr 6, 2010 10:50am
Quoting speedster239
Here's my analysis. I have to go, so I can't write a text explanation here, but the graphic is self-explanatory if you've read my others.
Your analysis was very close...within a few dollars! Very nice, too bad I keep looking to short, else I would have been able to make a few $'s an oz by following the trend.
  • #68
  • Apr 8, 2010 4:17pm Apr 8, 2010 4:17pm
http://speedster239.byethost15.com/?p=28

My thoughts on high probability trades regarding trading in favor of the well-defined one hour/four hour trend.
  • #69
  • Apr 8, 2010 5:06pm Apr 8, 2010 5:06pm
Congratulations you guys - killing it
  • #70
  • Apr 8, 2010 7:03pm Apr 8, 2010 7:03pm
Quoting Sim
Congratulations you guys - killing it
Thanks Sim,
Feel free to join us in our gold trading escapades.
  • #71
  • Edited 10:31pm Apr 8, 2010 9:48pm | Edited 10:31pm
Here's my current outlook. I'd like to note that the peaks of volume or "tick movement" activity are almost always, consistently, 24 hours apart from one another. With that said, the next "rise in activity" (movement towards a peak) can simply be determined by waiting for the 16 to 19th hour from the last peak candle (count by starting with the candle after the peak). At this point the volume should be just about ready to start climbing. The peaks usually take place at 16:00 or 17:00 GMT+2.

All the best,
Vaughan

PS: All of my times will be in GMT+2 from now on since that is the timezone my broker quotes in.
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  • #72
  • Apr 9, 2010 2:36am Apr 9, 2010 2:36am
Quoting speedster239
Thanks Sim,
Feel free to join us in our gold trading escapades.
No balls for gold yet Maybe with a grown account


and some grown balls
  • #73
  • Apr 11, 2010 11:53am Apr 11, 2010 11:53am
Here's what i'm looking into this week. My previous H&S has obviously been negated, in the process, there is an inverted H&S on the daily chart that targets a test of the all time highs. Given that, i'll consider buying a test of the neckline at about 1141. Chart attached:
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  • #74
  • Apr 12, 2010 5:30am Apr 12, 2010 5:30am
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  • #75
  • Apr 12, 2010 9:49am Apr 12, 2010 9:49am
Here's my current outlook: The fast moving average has moved down through the slow moving average and indicates oversold conditions. The MACD also indicates oversold conditions and the volume pattern should repeat itself.

The price will either bounce now at the resistance level or level out and bounce on the next high of the volume pattern. At that point the fast moving average will move up through the slow moving average.

I have set a take profit at the sell price of the high before this dip, and subsequently a stop loss at the low before the high before this dip.
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  • #76
  • Apr 13, 2010 5:14am Apr 13, 2010 5:14am
Quoting speedster239
Here's my current outlook: The fast moving average has moved down through the slow moving average and indicates oversold conditions. The MACD also indicates oversold conditions and the volume pattern should repeat itself.

The price will either bounce now at the resistance level or level out and bounce on the next high of the volume pattern. At that point the fast moving average will move up through the slow moving average.

I have set a take profit at the sell price of the high before this dip, and subsequently a stop loss at the low before the...
You people are so much concentrating on technicals that you just dont pay any attention that these technicals go hand in hand with fundamentals too.
in the above mentioned chart, it has been signaled that it will move up from 1159/60 levels .... now here we are at 1148 ... now some other chartist would come and post another chart of break out or whtever .....

pls see to the facts that SPDR is (or was) on a buying streak .... and has already bot all time high of 1141.1 t/s of gold .... n talking about other nations (india, the largest consumer), besides from Re weakening or USD strengthening ... gold in india is still rising .... now wonder you would see some profit taking at any point of time ... to retest its last resistances of 1140 and 1127 .... and to start another rally towards 1240 or whatever .....

Pls also keep a close watch on greece and bailout news ... a lot would depend on that ... we have seem XAU rise upto 40 USD overnight ... so dont get surprised if the same things happens again in a reverse manner (may not be 40 this time but significant enuf to start hitting SL and the trail starts)

so pls guys ... with all your technical, have some fundamentals also backed up along..

Regards
  • #77
  • Apr 13, 2010 5:24am Apr 13, 2010 5:24am
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  • #78
  • Apr 13, 2010 5:29am Apr 13, 2010 5:29am
Quoting Cotton-I-Jo
Pls add some text for better explanation
  • #79
  • Apr 13, 2010 5:44am Apr 13, 2010 5:44am
Thanks for the insight....but....I trade what the market IS doing, not what I think its going to do. If you go back through the thread a bit, you'll see that us people are doing quite well and I personally don't have any use for fundamentals in my trading. I honestly don't care what SPDR is doing, I only care what Josh(Me) is doing. My opinion is that i'm sure SPDR is quite pissed for the decision to buy at the all time highs...they could have bought at 1060 a couple of months ago(we know the track record of funds these days). Also, its kind of hard to reference SPDR to someone who trades within hours/days rather than years. The price action is awesome in gold, it may rise 40 overnight, but it can fall just as fast. Based on historical price action, it falls faster than it rises.
  • #80
  • Apr 13, 2010 6:20am Apr 13, 2010 6:20am
Quoting guitarjrb
Thanks for the insight....but....I trade what the market IS doing, not what I think its going to do. If you go back through the thread a bit, you'll see that us people are doing quite well and I personally don't have any use for fundamentals in my trading. I honestly don't care what SPDR is doing, I only care what Josh(Me) is doing. My opinion is that i'm sure SPDR is quite pissed for the decision to buy at the all time highs...they could have bought at 1060 a couple of months ago(we know the track record of funds these days). Also, its kind of...
Well i m also not talking abt month and years ... even i trade on hourly or daily basis ... so when i am talking abt the price movement is due to SPDR buying .... then you would also see quite an effect when it STOPS buying (not talking about selling) .... I completely agree that GOLD is on a bull run ... but before the bull reaches its extremes we would see some pits made in (that what has happened today) ....
just a suggestion do keep a track on DXY and Indian gold index for better judgement and analysis ....
Yes I also sed the same ... if it can climb USD40 overnight then it can reverse so ... and when SL starts triggering, it makes the move even faster
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