DislikedUnless you're just scalping, IMHO this is a must-read........
http://kingworldnews.com/kingworldne...Yesterday.html
beebIgnored
Lehman Sisters Wouldn't Have Failed
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
DislikedUnless you're just scalping, IMHO this is a must-read........
http://kingworldnews.com/kingworldne...Yesterday.html
beebIgnored
Dislikedregarding BE, my experience is that if price moves up more than the 10 wk avg range, move your stop up to BE or BE +1... just my rule of thumb.Ignored
DislikedI share your bias, I am just thinking in case of another leg down.
I don't believe it will have the juice to go much further than that.
Hell, at 1600 per ozt down from almost 2k is a nice discount.
The buyers will be back and when they come this channel is going to blow out again.Ignored
DislikedUnless you're just scalping, IMHO this is a must-read........
http://kingworldnews.com/kingworldne...Yesterday.html
beebIgnored
Dislikedoh yeah forgot to mention sivler levels...
33 is current Venus and Pluto support... and 36 is the next resistance.
Attachment
so any longs i think that is the next target and "watch level" as well.
hey X about "BE" it goes back to the topic of the trading memes of "not giving substantial profit to become substantial loss"
lelts say u got a $100 USD long on Gold btu ur target is around $150 USD (nice one X! ) and then u dont use a BE stop or a +1 or similar techniques. what if the market spikes back...Ignored
DislikedSuggest spending some time listening to this:
http://kingworldnews.com/kingworldne...ld_Market.html
SI Daily:
http://www.screencast.com/t/G1GFQJcNvUJx
Closer:
http://www.screencast.com/t/oflnKrDs8cYU
GC Daily:
http://www.screencast.com/t/x79bzHhqXIJY
beebIgnored
DislikedHonestly this whole Greece thing is a never ending saga. Eventually Germany will bend for the greater good of the Euro and it should resolve itself.
I am beginning to feel it's relation to gold is waning.
It's like the boy who cried wolf except for six months.
Then again, if Greece really fvcks up and get's the boot who knows. I highly doubt the likelihood of that happening.Ignored
DislikedInteresting, one of my brokers has just lowered margins on gold, silver & other metals from 7% to 4% "due to recent changes in market volatility" !!
Funny, that is exactly the same line they used when they increased margins a while back, and I think things are more volatile now than they were then!Ignored
DislikedX, I adjusted wave counts for xaueur and xauusd. Both are very bullish. I don't have a good alternate count for XAUEUR, but XAUUSD count is less reliable. The later will be invalid if 1694 is not broken within 34 hours. Of course, 1660 level should not be violated.
cheers!Ignored
Dislikedregarding BE, my experience is that if price moves up more than the 10 wk avg range, move your stop up to BE or BE +1... just my rule of thumb.Ignored
DislikedThat would seem to be a breakout....
At which point in day trading would be an optimal exit.Ignored
DislikedPut a standard ATR (length 14) indicator on your chart and you will plainly see this is not the case.
In Sept/Oct last year ranges were between low $50's to mid $60's. Since it has been a steady decline and now ranging between mid to high $20's.Ignored
Dislikedbounce up from 1670 and 32.76 noted, lets see if NY gives us a bounce up at 1687.Ignored