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All Majors and Gold

  • #8,861
  • Nov 7, 2013 5:00am Nov 7, 2013 5:00am
Quoting blacksnake
Bro, i have a very bad condition now, -$1000 i sold gold at 1309, because of wednesday report, i tought it will break 1304. what do you think about gold today? will it come down?? and how if its come down, how far can it goes?? i put a SL @ 1323, how if it breaks 1323??and again how far can it goes? please help... i need ur advice...

Mate, Gold can be a real bitch. To trade gold you need deep pockets & wide stops. I believe gold will come down & very soon. However Spike retraces up to 1325 can still be expected. I would move your stop loss to 1330 if you can. I'm targeting 1303 on the way to 1266 but expect the unexpected on the way, it's a very manipulated pair. cheers.
Money Makes Money
  • #8,862
  • Nov 7, 2013 5:25am Nov 7, 2013 5:25am
Quoting KiwiOz
{quote} Mate, Gold can be a real bitch. To trade gold you need deep pockets & wide stops. I believe gold will come down & very soon. However Spike retraces up to 1325 can still be expected. I would move your stop loss to 1330 if you can. I'm targeting 1303 on the way to 1266 but expect the unexpected on the way, it's a very manipulated pair. cheers.
Thank you bro... will take into consideration or i will hedge it...
  • #8,863
  • Nov 7, 2013 3:55pm Nov 7, 2013 3:55pm
gold view
1307.74
with current ecbrate decrease, gdp and unemployment resutls today
-we started by getting whipsawed with suprise -0.25% rate decrease for euro which brought us back to 1326 area....
then the gdp and unemployment results came very good for usd brought the price from 1322 to 1296 area
so question now is what's going to happen tomorrow nfp numbers..which should be negative because of government shutdown....
im seeing price testing 1326 again...a close tonight above 1315 should bring us to test 1326 high again.....anything below 1311 should again test 1296 imo....a break tomorrow during 1296 points towards 1260
Wooooohooooo or Boooooohooooo
  • #8,864
  • Nov 7, 2013 6:08pm Nov 7, 2013 6:08pm

blacksnake.

Bro, i have a very bad condition now, -$1000 i sold gold at 1309, because of wednesday report, i tought it will break 1304. what do you think about gold today? will it come down?? and how if its come down, how far can it goes?? i put a SL @ 1323, how if it breaks 1323??and again how far can it goes? please help... i need ur advice...


Quoting KiwiOz
{quote} Mate, Gold can be a real bitch. To trade gold you need deep pockets & wide stops. I believe gold will come down & very soon. However Spike retraces up to 1325 can still be expected. I would move your stop loss to 1330 if you can. I'm targeting 1303 on the way to 1266 but expect the unexpected on the way, it's a very manipulated pair. cheers.
Hi blacksnake. Did you manage to ride out the spike yesterday.? If so you must have got back into profit. I am expecting another spike today with the NFP to around 1316, followed by a move to 1290.
Attached Image (click to enlarge)
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Money Makes Money
  • #8,865
  • Nov 8, 2013 3:59am Nov 8, 2013 3:59am
hi guys interesting link thought will share with you for the evening news, so that u can plan your trades accordingly, dnt hurry in making decisionshttp://www.efxnews.com/story/21556/t...scenarios-citi hi gno how u doing, long time...
  • #8,866
  • Nov 8, 2013 5:52am Nov 8, 2013 5:52am
Quoting KiwiOz
blacksnake.Bro, i have a very bad condition now, -$1000 i sold gold at 1309, because of wednesday report, i tought it will break 1304. what do you think about gold today? will it come down?? and how if its come down, how far can it goes?? i put a SL @ 1323, how if it breaks 1323??and again how far can it goes? please help... i need ur advice... {quote} Hi blacksnake. Did you manage to ride out the spike yesterday.? If so you must have got back into profit. I am expecting another spike today with the NFP to around 1316, followed by a move to 1290....
Yah... Thank u so much ^^v
  • #8,867
  • Nov 8, 2013 11:17am Nov 8, 2013 11:17am
Quoting gnomoneey
gold view 1307.74 with current ecbrate decrease, gdp and unemployment resutls today -we started by getting whipsawed with suprise -0.25% rate decrease for euro which brought us back to 1326 area.... then the gdp and unemployment results came very good for usd brought the price from 1322 to 1296 area so question now is what's going to happen tomorrow nfp numbers..which should be negative because of government shutdown.... im seeing price testing 1326 again...a close tonight above 1315 should bring us to test 1326 high again.....[b]anything...
1260 when Obama and bernake speaks?
Wooooohooooo or Boooooohooooo
  • #8,868
  • Nov 8, 2013 12:07pm Nov 8, 2013 12:07pm
Quoting gnomoneey
{quote} 1260 when Obama and bernake speaks?
What you think G?

Don't mind the channels, you know they are f'd anyway, and I drew them on a different tf.
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,869
  • Nov 8, 2013 6:25pm Nov 8, 2013 6:25pm
Quoting Mr. Scott
{quote} What you think G? Don't mind the channels, you know they are f'd anyway, and I drew them on a different tf. {image}
i'm drinking and charting.....

I have similar target at 1157....doing on w1
and 100% target at 1069 still....in many ways I can get this target....
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  • #8,870
  • Nov 8, 2013 6:32pm Nov 8, 2013 6:32pm
gold view for Monday open

max retrace at 1297
then down again target still 1255
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  • #8,871
  • Nov 8, 2013 7:42pm Nov 8, 2013 7:42pm
Quoting gnomoneey
{quote} i'm drinking and charting..... I have similar target at 1157....doing on w1 and 100% target at 1069 still....in many ways I can get this target....
So redid levels on different feed as not crazy about structure due to wicks and large tf.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,872
  • Nov 10, 2013 10:38am Nov 10, 2013 10:38am
Scott.....

please tell me if I did this gartley right? or any experienced hew out there



Attached Image (click to enlarge)
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thanks,
G
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  • #8,873
  • Nov 10, 2013 10:55am Nov 10, 2013 10:55am
Quoting gnomoneey
Scott..... please tell me if I did this gartley right? or any experienced hew out there {image} thanks, G
There is leeway here G. The important point is B or the fib retracement of that first swing that establishes your first triangle.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,874
  • Nov 10, 2013 10:57am Nov 10, 2013 10:57am
gold view for next few days...
fib
1313-1281
23% 1289 done
38% 1293 high probability with Iran weekend news plays any part?
50% 1297 most likely high probility
61% 1301 if reached and goes higher then we will see going back to 1313

on the downside

a drop from1297-1301 most likely
-Friday a bounce off daily s2-1281- pivot
and 1265 is seen still at s3
-once we go lower 1265 this is seen to really go for lower target of 1035 at least....
Wooooohooooo or Boooooohooooo
  • #8,875
  • Nov 10, 2013 11:04am Nov 10, 2013 11:04am
Quoting Mr. Scott
{quote} There is leeway here G. The important point is B or the fib retracement of that first swing that establishes your first triangle. {image}
I guess I was close enough .....now lets see if this occurs....its been like 4 mths for me waiting to get to 1035
Wooooohooooo or Boooooohooooo
  • #8,876
  • Nov 10, 2013 11:13am Nov 10, 2013 11:13am
who's up for some hmmmmmm patterns

look at this...tell me where i'm going with this with fib relationship
Attached Image (click to enlarge)
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  • #8,877
  • Nov 10, 2013 11:30am Nov 10, 2013 11:30am
hi gno and scott, can u shed some light on silver as i am having more confidence on it rather than gold, and it looks more promising as well cos the corelation between the both does not seem right as of now, and its giving more of a bullish side feelings
  • #8,878
  • Edited 12:08pm Nov 10, 2013 11:49am | Edited 12:08pm
My analysis on the upcoming week (11.11-15.11)

usdchf - wait for weekly sell +/- 0.9325. target 0.8924.

gold - 40 week sell finished with 3-wave correction followed by weeks of sell then 2 weeks of buy and two last weeks of sell. That created consolidation with bigger bear power. Looks like sell to me. We are going to see something on 1188 and either we will go insane long or we will go towards 1000 which is what I think smart money wants to correct to the long time trend line. Besides the biggest economical issues are probably going to come out in 1st quarter of 2014.

gbpusd - we have a good daily range so I think even 1.60676 is possible because current daily deviation allows us even to go to 1.6100 yet monday is lazy and will squeeze the bands. So tuesday 1.60676+ and then a way open for weekly shorts.

eurusd - we are going to 1.3200. That is 4th wave in 3rd longer wave.

audusd - that's a sell for sure. It won't stop here and will fight at 0.92900. Momentum is strong on weekly and daily (OsMA) so i see even +/- 0.9100 this week.

nzdusd - sell,too. It haven't had power to hit its resistance around the level of the h&s formation it was creating, and that shows a strong bearish sentiment. 0.80500 this week? What I don't like about this setup is that on H1 we see that it's the third time in demand zone. There is also a lot of place till the first supply zone. I'm not sure if they are going to push it down through the zone even on monday because otherwise it will complicate the setup. A 50% correction to 0.83000 and then the 4th attack?

Opinions?
  • #8,879
  • Nov 10, 2013 5:26pm Nov 10, 2013 5:26pm
Gnomoneey - answer: pop'n drop.
  • #8,880
  • Nov 10, 2013 5:50pm Nov 10, 2013 5:50pm
Quoting Smithy1
Gnomoneey - answer: pop'n drop.
Smithy1 are you asking question or making a statement?
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