We cannot direct the winds but we can adjust our sail.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #11,703
- Edited 10:17pm Oct 5, 2011 9:34pm | Edited 10:17pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #11,704
- Oct 5, 2011 10:38pm Oct 5, 2011 10:38pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
And price on my chart shows consolidation with slight uptrend, but not really.
Come on folks, if it takes out Tuesday's high and breaks through Andrews Pitchfork (modified Schiff version) in honor of BBC Beeb
than maybe we have something. But until then downtrend is intact.
Oh and notice the indicator on the bottom - this is Tom DeMark's TD Pressure. See how the previous double tops had high readings - above 95.
Gold is currently flirting around the mid/high 70's. Wouldn't take much to hit those similar high readings. Time will tell, if it does, if it has the same reaction it does most times when these levels are attained.
Come on folks, if it takes out Tuesday's high and breaks through Andrews Pitchfork (modified Schiff version) in honor of BBC Beeb
than maybe we have something. But until then downtrend is intact.Oh and notice the indicator on the bottom - this is Tom DeMark's TD Pressure. See how the previous double tops had high readings - above 95.
Gold is currently flirting around the mid/high 70's. Wouldn't take much to hit those similar high readings. Time will tell, if it does, if it has the same reaction it does most times when these levels are attained.
- #11,705
- Oct 5, 2011 11:32pm Oct 5, 2011 11:32pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
Am i confusing you with DD.....
Dont you have positions opened from 18xx ?
Sorry Bro if I am
I know he mentioned He Only Buys But has never (to my knowledge) Closed.
Pretender?
Anyway. Who Cares.
Gold Up to a Dropped Ceiling on the H1. I dont Trade it (the H1) but I watch it for Early Warning.
I'm currently sucking a Teeny Buy that I'm glad I could ride because of the minimal size of my Lot Order... But...
This is Descision Time.
If we cannot Break to the Upside of 1,650, then I feel South we go. That and New "Recent Lows" (1,570)
If We Break 1,650 to the Upside...
there is an obvious Traffic Jam in the 1,650 -1,659 area
So what should we do?
If you, on your way to work, get caught in a T Jam, what do you do?
Turn around and go home Or suffer the slings & arrows to get to work?
Personally, I would (am) tickling Long lokking to get into that xxx50 xxx58 zone & will then set SL in the xxx50 range.
CHART: Gold H1
Rampant gets Sick.
Balance gets rich.
Trade Origin
Daily Gold
I know you work hard at getting this down...
Let me just mention this...
Doing the ICCE Method Exactly...There are not 2 (two) Successfull ICCE Traders doing it the same way. If they were, we would write an EA.
It has an art form. That means Study & that means empty classrooms.
Not to be dour, but my remaining time here is limited.
Enigma... I need your help. I know you have a metric tonne of ICCE in the fridge.
Please:
Post what you have to the ICCE Thread. (No sense plugging this one.)
I, will answer what/when I can.
Please don't let it fade; ICCE has merit.
Thanks to FF for allowing me.
B
- #11,706
- Oct 6, 2011 12:28am Oct 6, 2011 12:28am
- | Joined Feb 2010 | Status: Make Them Pay | 1,103 Posts
Am i confusing you with DD.....
Dont you have positions opened from 18xx ?
Sorry Bro if I am
Ravissek has posted charts somewhere with all his longs from ~1825 downward. Here it is:
http://www.forexfactory.com/showthre...33#post4996333
http://www.forexfactory.com/attachme...5&d=1317239702
Anything can happen.
- #11,707
- Oct 6, 2011 12:49am Oct 6, 2011 12:49am
- | Joined Feb 2010 | Status: Make Them Pay | 1,103 Posts
Interesting that Credit Suisse sees a gold recovery for the remainder of the year.
http://articles.economictimes.indiat...-and-palladium
I tend to agree because I think the USD index will eventually fall again, but this volatility is tough to stomach.
They say the best time to jump on board (in investing) is when everyone else is scared off, but I'm not sure gold investing compares well the ideal strategy in a bearish stock market - finding value in the wreckage....
Shame I only get this info from the internet though...
Anything can happen.
