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  • #841
  • Sep 1, 2011 10:02pm Sep 1, 2011 10:02pm
Quoting patguchi
dude you clearly have some issues. why do you have the need to dog chartists or the other thread? if you read the previous posts you will see that it was already been posted. in my charts 1643 is my target drop before it jumps back again. i would post it but the way you treat people in threads tells me i shouldn't because of fear of being ridiculed.

you seem to be making wild sage assertions without posting any computations or analysis. am i to just take your word for it like gold? excuse the pun
I was not talking about you. I meant the so-called CHARTISTS Thah only show up when the gold is climbing and AFTER every new high come and say my chart predicted this!!!

Now look at the other CENSORED thread: the gold bulls do not post simply because they are not sure themselves of the gold current trend. They encourage every newbie to buy gold simply to have more victims for their own trades.
  • #842
  • Sep 1, 2011 10:35pm Sep 1, 2011 10:35pm
Quoting Fmfx
I was not talking about you. I meant the so-called CHARTISTS Thah only show up when the gold is climbing and AFTER every new high come and say my chart predicted this!!!

Now look at the other CENSORED thread: the gold bulls do not post simply because they are not sure themselves of the gold current trend. They encourage every newbie to buy gold simply to have more victims for their own trades.
there was no encouraging to buy over there. only points of view. if peeps were encouraged by points of view then it's up to them to take a position. it's the same here. if peeps were encourage to go bear then that's up to them. that's why there are disclaimers.

you got valid and great views on the direction of gold. it just leaves a bad taste in my mouth when you keep dogging other peeps.
  • #843
  • Sep 2, 2011 12:57am Sep 2, 2011 12:57am
Quoting patguchi
there was no encouraging to buy over there. only points of view. if peeps were encouraged by points of view then it's up to them to take a position. it's the same here. if peeps were encourage to go bear then that's up to them. that's why there are disclaimers.

you got valid and great views on the direction of gold. it just leaves a bad taste in my mouth when you keep dogging other peeps.
Fair enough and thanks. I might sound bitter but have followed tha thread for a long time. If you go back enough, you see the so called masters were much less egocentric. At some point that thread began to become fully one sided and people went as far as praising others who never revealed their losing threads.

And the fact that that particular guy has left the thread among those who post less and less goes to show they really do not have a valid points. They basically repeat the long term bulish gold trend (which is very well arguable by itself) and forget traders COULD LOSE AND MAKE MONEY IN BOTH DIRECTIONS.

Honestly, I am glad that guy gave up. He had very low confidence and proved it by always asking others for reasons, proofs, etc. Everybody can pit up forks and draw random lines. Did he ever warned about a $200 fall in 48 hours? He basically repeated what more experienced traders had been saying for a while: gold has gone up too much, too fast...

Good trading
  • #844
  • Sep 2, 2011 1:01am Sep 2, 2011 1:01am
By the way, I think beep is a "SHE"
  • #845
  • Sep 2, 2011 1:48am Sep 2, 2011 1:48am
Prepare yourself for a thrust. If triangle is forming - today (possible with payrolls) we will see next one powerful move in Gold.

There are two ways to trade triangle. First - is trying to catch top of triangle (sell-limit from 1842).

Second - is trying to catch first phase of thrust. To do this place sell-stop on 1810 with stop 1842. If count is correct - we will see big drop with target around 1635 beginning today.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2011-09-02 at 9.44.08 AM.png Size: 33 KB
  • #846
  • Edited 5:00am Sep 2, 2011 4:50am | Edited 5:00am
Quoting Fmfx
Fair enough and thanks. I might sound bitter but have followed tha thread for a long time. If you go back enough, you see the so called masters were much less egocentric. At some point that thread began to become fully one sided and people went as far as praising others who never revealed their losing threads.

And the fact that that particular guy has left the thread among those who post less and less goes to show they really do not have a valid points. They basically repeat the long term bulish gold trend (which is very well arguable by itself)...
that's fair it's good to know where you are coming from. good trading

to gold: the increase is scary. might be a pump and drop. i'd personally wait for a big drop before committing to bigger price targets. scalping maybe a good decision right now if you're iching to get in
  • #847
  • Sep 2, 2011 5:54am Sep 2, 2011 5:54am
Good day to all. My long position that I'd been holding on to for the past 2+days closed at 1850.00 while I was asleep. Stop Loss was at 1850.00. I shall not disclose my entry position because I am happy not because of the number of pips that I earn but LESSONS LEARNT. Yes, the lessons that we've heard over and over again:
1. "Trade what you see and not what others say".
2. K.I.S.S - Keep It Simple for Success
I must confess that over the past two days I was fighting hard against the temptation to close my long because of many forum contributors predicting how low and in some case how low & fast gold was going to fall. However, my reasons for holding on to my long position was that the price action has been bouncing off and not closing below the BB mid band on the daily chart - a sign of of possible rebound.
I trade XAU/USD on the 15 minute chart using the 1hr, 4hr and Daily charts as my direction indicators.
  • #848
  • Sep 2, 2011 5:57am Sep 2, 2011 5:57am
Quoting Tsotsi
Good day to all. My long position that I'd been holding on to for the past 2+days closed at 1850.00 while I was asleep. Stop Loss was at 1850.00. I shall not disclose my entry position because I am happy not because of the number of pips that I earn but LESSONS LEARNT. Yes, the lessons that we've heard over and over again:
1. "Trade what you see and not what others say".
2. K.I.S.S - Keep It Simple for Success
I must confess that over the past two days I was fighting hard against the temptation to close my long because of many forum contributors...
Ooops forgot to upload my Daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.png Size: 72 KB
  • #849
  • Sep 2, 2011 6:10am Sep 2, 2011 6:10am
Quoting Tsotsi
Ooops forgot to upload my Daily chart.
good job. i need to drill what you said into my head. made a mistake by not entering near the 1705 because 1685 seemed so near
  • #850
  • Sep 2, 2011 6:22am Sep 2, 2011 6:22am
my guess ...if the pattern is true ... we can see a minor spike wave upper from the a-c channel ... good luck ..

http://i53.tinypic.com/f3z68z.png
  • #851
  • Sep 2, 2011 6:53am Sep 2, 2011 6:53am
Quoting patguchi
good job. i need to drill what you said into my head. made a mistake by not entering near the 1705 because 1685 seemed so near
Thanks Patguchi. Wish you a pleasant weekend ahead.
  • #852
  • Sep 2, 2011 7:09am Sep 2, 2011 7:09am
Correction to my post at 846, my stop loss setting was at 1800.
  • #853
  • Sep 2, 2011 7:35am Sep 2, 2011 7:35am
Gold gonna be bullish all the way to 2000?

Since I saw that the non-farm employment of US is big 0, not even a single number.

Any clue/idea?

Thanks
  • #854
  • Sep 2, 2011 7:52am Sep 2, 2011 7:52am
We might see a new record high today .

Reasons
1 Non farm payroll extremely bad
2 Rising tensions in middle east Syria and Libya
3 Turkey expelling Israeli ambassador
3 Worries starting again in Portugal
5 EU problems persist
6 7.1 magnitude Earthquake in Alaska.

My view is it should at-least be over 1900 before weekend
MMMYYYKKK
  • #855
  • Sep 2, 2011 8:48am Sep 2, 2011 8:48am
Quoting selcuklu
my guess ...if the pattern is true ... we can see a minor spike wave upper from the a-c channel ... good luck ..

http://i53.tinypic.com/f3z68z.png
i think pattern topped at .. 188x.....
  • #856
  • Sep 2, 2011 8:52am Sep 2, 2011 8:52am
Quoting selcuklu
i think pattern topped at .. 188x.....
are you using neowave?
  • #857
  • Sep 2, 2011 8:57am Sep 2, 2011 8:57am
Quoting The Oracle
are you using neowave?

yes .
  • #858
  • Sep 2, 2011 9:16am Sep 2, 2011 9:16am
Quoting selcuklu
yes .
Then probably you wrong Its not a triangle anymore... In contracting triangles wave-e can't break a-c trend line as much as we see now... We have to choice again previous Flat scenario.
  • #859
  • Sep 2, 2011 9:33am Sep 2, 2011 9:33am
Quoting ph3onix
Then probably you wrong Its not a triangle anymore... In contracting triangles wave-e can't break a-c trend line as much as we see now... We have to choice again previous Flat scenario.

thanks ..maybe i am wrong. but it is not a contracting .. i think a neutral triangle .
  • #860
  • Sep 2, 2011 9:34am Sep 2, 2011 9:34am
Quoting selcuklu
thanks ..maybe i am wrong. but it is not a contracting .. i think a neutral triangle .
Neutral also wrong idea. The ONLY triangles where wave-e could explode and break a-c trend line deep - are the expanding triangles.
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