Nice chart. But divergence on what direction? To the downside?
Thnx
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Disliked{quote} May I ask about your target in this long position. For me, I am still thinking about a possible start of a long uptrend. ThnxIgnored
DislikedMy daily chart (below) makes me think the present downtrend is over. The hammer which has been made the day before yesterday looks like the ones in previous divergence points. When I study PA in previous turning points (with regard to trend) I notice that it tended to struggle in the opposite direction. This is what seems to me now. It SEEMS struggling down, while probably it may go up. I don't know how valid my observation is. There is also the stochastic and RSI readings. They both designate divergence. Any suggestions? Thank you all Edit, I forgot...Ignored
Disliked{quote} what is this man? this is ur personal issue between u n him, why u showing it to all here? really questionable character.. the issue here, was their trade call helping or not.. IMO its helping, y? becoz its quite accurate n they should be allow to keep posting here, for those who didnt agree then just ignore them, give other people choice, something we called it freedom unless that was not applicable here..Ignored
Disliked{quote} If you still not long, now is a opportunity. 3pm-4pm NY time is a common time to test previous or create a new high/low.Ignored
Disliked{quote} I have been long since the day before yesterday, from 1230, and I hope it will not get hit! My first target being the 61.8 fib (around 1277), and then higher.Ignored
http://img11.imageshack.us/img11/3831/ojuc.png
Disliked{quote} Sorry my friend but I don't agree with u ! to much selfish Now I completely understand you . You got ur fellows and all of you have same opinion. Communism died along with TITO !! Nowadays we practice Democracy !! I suppose u banned gemy ! who is the next ? of course me LaLineaIgnored
Disliked{quote} You can not agree with me all you want. In a Democracy people follow a loose or firm set of rules, some just simple etiquette others are LAWS, without this we have Anarchy. This is why there are forum moderators and people Like policemen and law and order. Innocent until found guilty at least in the USA. He was given a second chance and blew it. We are here to discuss a wide variety of trading aspects as many of the regular posters have different styles. Thus, many can learn a lot in a small period of time, as well people can adopt different...Ignored
Disliked{quote} I have been long since the day before yesterday, from 1230, and I hope it will not get hit! My first target being the 61.8 fib (around 1277), and then higher.Ignored
DislikedXAUUSD has been in a clear downtrend for a long time , and I do not think that there is a need to produce bullish scenarios and focus all our attention on it. I think the priority should be given to bearish scenarios . Yes, we all know that GOLD is the secure instrument and is always attractive to investors, that is why it will alwasy be valuable. But as "traders" we shud flow with the trend...and it is bearish at the moment !! {image} Here is my chart for XAUUSD and the green circle is my prediction circle where the price is supposed to be stopped...Ignored
Disliked{quote} Hi XT, I like so much your saying "We are here to discuss a wide variety of trading aspects as many of the regular posters have different styles. Thus, many can learn a lot in a small period of time, as well people can adopt different tools." This is exactly the most important thing for me. I am a beginner, but I got to know a number of things in this thread, especially through the explanations and chart analyses posted by the regular members (and I mention here you and venzen). Thanks a lot for your efforts in this forum, and keep it up...Ignored
DislikedIf you read back in the thread you will find all pertinent bearish levels at this point have been hashed out already. Surely you have been in a trade where you look back and say, "damn" the bottom was right there the whole time, why didn't I take that trade and let it ride. For instance, in the immediate sense. 1230 goes, we should see 1200, 1200 goes--> 1180 goes, 1150, 1100 1060, 1000 doubt even if this move continues down it will stay anywhere close to 1050/1075 for an extended period. Likewise, the physical market, jewelers, investors, etc banks,...Ignored
DislikedIf you read back in the thread you will find all pertinent bearish levels at this point have been hashed out already. Surely you have been in a trade where you look back and say, "damn" the bottom was right there the whole time, why didn't I take that trade and let it ride. For instance, in the immediate sense. 1230 goes, we should see 1200, 1200 goes--> 1180 goes, 1150, 1100 1060, 1000 doubt even if this move continues down it will stay anywhere close to 1050/1075 for an extended period. Likewise, the physical market, jewelers, investors, etc banks,...Ignored
Disliked{quote} Thank you very much for the answer... The problem is i do not check the thread very often...and mostly (whenever i check) I see bullish scenarios So thats just a coincidence...and I just wanted to share my perspective too... Thanks anyway...regards..Ignored
Disliked{quote} Good analysis! Just plus my source which could enhance your view: just seen CHina bought more gold from HK, and HSBC publish a report saying more gold and jewelry demand in the future. And my personal opinion is that we could see gold below 1200 or even 1000, but not soon, much dependent on the timing of tapering.Ignored