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  • #1,741
  • Dec 10, 2013 8:47pm Dec 10, 2013 8:47pm
Does the chart make sense??


just discuss and feel free to comments ^^

so personally think that base on technical , it will continue up till the top then coming down...

i use very basic knowledge coz just newbie...

H4 - no more down going? is U turn due to hit the previous high peak?
Attached Image (click to enlarge)
Click to Enlarge Name: H1 waves.jpg Size: 147 KB


so is Daily chart turn to go up, if hit the top of the trend line, might coming down again, well, just my point of view.
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Chart.jpg Size: 199 KB
  • #1,742
  • Dec 11, 2013 2:25am Dec 11, 2013 2:25am
I am still holding shorts from 1340-60 ... been waiting for 1260+ ..finally got hit ... will add few more shorts there . Max expecting 1270-80 ..if it . Breaks .1300-30 ...however my .target same 1180-50 ..good luck all
  • #1,743
  • Dec 11, 2013 4:59am Dec 11, 2013 4:59am
Quoting ClockTrader
{quote} Thanks for being around. So what exactly do you wish to share/show? I'm not really proficient in understanding charts like these.
Well , the first highlighted formation is an inside bar , which is a potential reversal and symbolizes the unclearity in the social psychology. So it seems that 1180 is one of the potential reversals in the monthly chart. And the price has given another chance to the bulls by retracing back most of the first impulse wave. furthermore the second highlighted formation (which is neither completed , nor confirmed at the moment) looks like a pinbar for the moment. So if this month's candle ends like a pinbar, and if the next month's candle confirms the bullish pinbar , then it will be logical to jump in the bullish trend...

As a summary , there are bullish signals in GOLD , and I am one of those bulls since 1240s , targeting 1283 as TP1. Time will show everything..

Regards ...
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #1,744
  • Dec 11, 2013 6:59am Dec 11, 2013 6:59am
I found this very impressive, thought I should share with you guys.
Attached Image
Hello World!
  • #1,745
  • Dec 11, 2013 7:27am Dec 11, 2013 7:27am
Quoting ClockTrader
I found this very impressive, thought I should share with you guys. {image}

lol

very deep meaning man..
  • #1,746
  • Dec 11, 2013 9:50am Dec 11, 2013 9:50am
quick question for you clock trader...

If I understand your method correctly...for the long term, I should be looking to sell this current rally in Gold. Is that correct? I've seen you post numerous times, sell January...buy June.

Did I understand you correctly?
  • #1,747
  • Dec 11, 2013 10:04am Dec 11, 2013 10:04am
Quoting gspajon
quick question for you clock trader... If I understand your method correctly...for the long term, I should be looking to sell this current rally in Gold. Is that correct? I've seen you post numerous times, sell January...buy June. Did I understand you correctly?
Yes dear, as per my "Golden Seasons Theory" current rally should culminate sometime after mid of Jan. It can extend sometimes up to Feb, but, this time it appears in late Jan.

Yea, I always say below & its based on observation of last 10 years in the charts, [see Page-15].

Buy in June, Sell in Jan

Retain some if you can

Its rhymes quite well, doesn't it?
Hello World!
  • #1,748
  • Dec 11, 2013 10:13am Dec 11, 2013 10:13am
Quoting ClockTrader
{quote} Yes dear, as per my "Golden Seasons Theory" current rally should culminate sometime after mid of Jan. It can extend sometimes up to Feb, but, this time it appears in late Jan. Yea, I always say below & its based on observation of last 10 years in the charts, [see Page-15]. Buy in June, Sell in Jan Retain some if you can Its rhymes quite well, doesn't it?
thank you...I will be observing very closely...my method of trading follows the 4 hr movements quite well and if I can link that to the weekly candle on a monthly basis, this theory would work well for me...but I will watch and observe first.

thank you again for your information and for freely sharing this idea.
  • #1,749
  • Dec 11, 2013 10:55am Dec 11, 2013 10:55am
Bears still too strong above 1260 (epic zone 1260-1270)
  • #1,750
  • Dec 11, 2013 6:51pm Dec 11, 2013 6:51pm
Quoting Super_Mario
Bears still too strong above 1260 (epic zone 1260-1270)
:-)
Hello World!
  • #1,751
  • Dec 11, 2013 7:50pm Dec 11, 2013 7:50pm
Quoting gspajon
{quote} thank you...I will be observing very closely...my method of trading follows the 4 hr movements quite well and if I can link that to the weekly candle on a monthly basis, this theory would work well for me...but I will watch and observe first. thank you again for your information and for freely sharing this idea.
You got like ~6 months for next clean & easy entry, no sweat!
Hello World!
  • #1,752
  • Dec 11, 2013 9:02pm Dec 11, 2013 9:02pm
Quoting davidsayli
Can anybody show RSI on H4 chart please?
What does RSI mean? I thought you were a technical trader.

How about Daily or monthly or yearly chart? Nobody talks about them much in this forum.
Hello World!
  • #1,753
  • Dec 11, 2013 9:44pm Dec 11, 2013 9:44pm
Quoting ClockTrader
{quote} Yes dear, as per my "Golden Seasons Theory" current rally should culminate sometime after mid of Jan. It can extend sometimes up to Feb, but, this time it appears in late Jan. Yea, I always say below & its based on observation of last 10 years in the charts, [see Page-15]. Buy in June, Sell in Jan Retain some if you can Its rhymes quite well, doesn't it?


Hi CT, i'm newbie and scalper, just curious. how many pips roughly you can earn for long position? 600-900 ? and how many pips net after deducted by swap fee?
Thanks
  • #1,754
  • Dec 11, 2013 11:48pm Dec 11, 2013 11:48pm
Quoting Nvn
{quote} Hi CT, i'm newbie and scalper, just curious. how many pips roughly you can earn for long position? 600-900 ? and how many pips net after deducted by swap fee? Thanks
> how many pips roughly you can earn for long position?

----> Countless

> and how many pips net after deducted by swap fee?

----> Check below to know more about swap fee:

http://en.wikipedia.org/wiki/Interest_rate_swap
Hello World!
  • #1,755
  • Dec 12, 2013 3:13am Dec 12, 2013 3:13am
It's bears trap )
Bullish gold at @1252 and buy limit @1242
Long term target - 2100
  • #1,756
  • Dec 12, 2013 4:37am Dec 12, 2013 4:37am
Quoting stormex
It's bears trap ) Bullish gold at @1252 and buy limit @1242 Long term target - 2100
I would like to stay focused today & tomorrow & make decisions on Monday :-)
Hello World!
  • #1,757
  • Edited 4:54am Dec 12, 2013 4:43am | Edited 4:54am
Quoting ClockTrader
{quote} I would like to stay focused today & tomorrow & make decisions on Monday :-)
I think Majors will fall soon for long term, euro and cable and people will go into gold to hedge risks and price will be around @1600-1700 next year.
Selling here is self-killing i think
Also, "banks" telling that price will fall to 1000-1100, i don't believe them )))
Also, selling euro and cable with small lots (cause we can reach new highs for short time), If i will right, my deposit will be gold-hedged))
  • #1,758
  • Dec 12, 2013 5:00am Dec 12, 2013 5:00am
Quoting ClockTrader
{quote} I would like to stay focused today & tomorrow & make decisions on Monday :-)

Clock, Do inform us about your long term positions and Targets.
  • #1,759
  • Dec 12, 2013 5:15am Dec 12, 2013 5:15am
@ClockTrader
I am sensing a dip from here. I have buys above and some buy limits around 1232
any suggestions for long term trade
Ehtesham Bokhari
  • #1,760
  • Dec 12, 2013 6:19am Dec 12, 2013 6:19am
Quoting stormex
It's bears trap ) Bullish gold at @1252 and buy limit @1242 Long term target - 2100
Perhaps it was only an unwinding of long positions and/or short covering? U.S. news will be solidify intermediate trend.

I'm still in a few shorts. Rode the bull higher and added some shorts at 1264...and just took some off the table, but planning to ride the rest at least to 1200.
"The market can remain irrational longer than you can remain solvent"
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