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  • #2,621
  • Feb 25, 2014 8:59am Feb 25, 2014 8:59am
Triangle break.. you still can buy ....i dont buy this Because I have a sufficient amount ...and the stop on zero...

take profit in the pivot point plus AB=CD

stop under sma 400
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  • #2,622
  • Feb 25, 2014 9:03am Feb 25, 2014 9:03am
Quoting EatPIPs
Consumer Confidence expected 80 could lead to a spike north.
78.1.

Positive stops in place. Im done for the day.
To live a successful life, we must lose our fear of being wrong
  • #2,623
  • Feb 25, 2014 9:05am Feb 25, 2014 9:05am
Quoting Nitsan_Levi
More buy from 5min chart Triangle +AB=CD +SMA400+ PIVOT POINT TAKE PROFIT 1 CAN BE IN 1340 OR 1350 {image}

thats it... I close 80% of the new postion.
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  • #2,624
  • Feb 25, 2014 9:06am Feb 25, 2014 9:06am
Quoting EatPIPs
{quote} 78.1. Positive stops in place. Im done for the day.
Quoting Nitsan_Levi
{quote} thats it... I close 80% of the new postion. {image}

Hello World!
  • #2,625
  • Feb 25, 2014 9:11am Feb 25, 2014 9:11am
THIS pivot point is one of the reason i close 80% of the new postion....
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  • #2,626
  • Feb 25, 2014 9:11am Feb 25, 2014 9:11am
Quoting EatPIPs
{quote} 78.1. Positive stops in place. Im done for the day.
Quoting Nitsan_Levi
{quote} thats it... I close 80% of the new postion. {image}
68.5
very well for this day
  • #2,627
  • Feb 25, 2014 9:15am Feb 25, 2014 9:15am
Quoting Nitsan_Levi
THIS pivot point is one of the reason i close 80% of the new postion.... {image}
Hi Nitsan, what pivot is that? Is that a weekly, daily or? On my set up none of my pivots are on that, just wondering what I missed
  • #2,628
  • Feb 25, 2014 9:22am Feb 25, 2014 9:22am
Quoting timecapsule
{quote} Hi Nitsan, what pivot is that? Is that a weekly, daily or? On my set up none of my pivots are on that, just wondering what I missed
see the pic...
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  • #2,629
  • Feb 25, 2014 9:24am Feb 25, 2014 9:24am
Quoting Nitsan_Levi
{quote} see the pic... {image}
Oh! I understand now, didnt see the timeframe of your chart, thanks for the info!
  • #2,630
  • Feb 25, 2014 9:31am Feb 25, 2014 9:31am
Do you think is there posibility to GOLD go back for 1332 today?
  • #2,631
  • Edited 10:07am Feb 25, 2014 9:45am | Edited 10:07am
the 1340 area is where the big drop from 1580 stopped and then took 2 months to break thru that, a major resistance area. IF it can break thru and hold there will likely be another big climb up. and so far there has not been much of a pull back so im expecting it to break it, but it could take a while. also hitting a channel i drew from the the previous major lows

not good risk reward on a longer time frame trade IMO
chart is a daily
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  • #2,632
  • Feb 25, 2014 10:44am Feb 25, 2014 10:44am
what about pending order

Entry SELL 1345
TP 1338
SL 1352

NEED YOUR ADVICE GUYS , ANY RECOMMENDATIONS ???
  • #2,633
  • Feb 25, 2014 10:49am Feb 25, 2014 10:49am
Just finished a back study, this is repeat of cycle that started in May-2012, Bulls took control @ 1468, peaked out around 1906, now this doesn't mean that it'll fall like a rock off the cliff after peaking out. This one has been a whopping climb in a bearish environment.

If this doesn't show a nice fall during the remainder week, I'll stop expecting comeback of Bears. I can pick dates from history as old as you want of similar cycles & future too in exchange for good resource/tools. Too good & worth following in future too, after all, its all predictable. Only problem, hope a cycle like this doesn't overlap with a Bad cycle in future. Once again, I am strongly convinced that making fortune is very much possible here.

I better go sleep before I crash like a sick dog on my chair.

Have a good one you all!
Hello World!
  • #2,634
  • Feb 25, 2014 10:59am Feb 25, 2014 10:59am
Quoting KamilM
Do you think is there posibility to GOLD go back for 1332 today?
to 1332 i dont think ...but maybe now we will se some fall to sma 32 or to the trend line of the triangle

because of AB=CD + PIVOT POINT + AB=CD TRENDLINE (Channels) + FIBO 161.8

I DONT TAKE THIS SHORT....I STILL WAIT FOR 1390 FOR CLOSE ALL MY LONG
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  • #2,635
  • Feb 25, 2014 3:25pm Feb 25, 2014 3:25pm
Its been almost a month of Straight UP, with narry a pull back in sight. Even the tiresome range of January 2014 seems upward trending in retrospect. It is rare to see a run of over 1,000 pips without some type of retrace or pull back to the 32% level. One has to ask how much more is left?

I have tightened my stop to lock in 660 pips and look for things to get volatile from here. I imagine, but cannot say for sure, that there will be a huge exhaustion spike higher as all the late comers join the rally. (a bull trap). I speculate that it will take a long hard pull upward to sucker in enough longs to generate the volume needed to turn the market or at least flatten it out some. I am very cautious of any further rallies and will be tightening my stops accordingly to keep as much as possible.

Any stop I place from here is a "stop and reverse" so as to catch any potential down volatility...a suspect a large range coming...I would like to trade it from the top down.
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  • #2,636
  • Feb 25, 2014 4:41pm Feb 25, 2014 4:41pm
stuffed full of pips no end in sight
could go more i guess
  • #2,637
  • Feb 25, 2014 7:42pm Feb 25, 2014 7:42pm
Quoting gspajon
Its been almost a month of Straight UP, with narry a pull back in sight. Even the tiresome range of January 2014 seems upward trending in retrospect. It is rare to see a run of over 1,000 pips without some type of retrace or pull back to the 32% level. One has to ask how much more is left? I have tightened .. {image}
Your timely long direction & action on it is admirable.

Repeat: If it doesn't fall sometime during the remainder week, I'll stop expecting a fall, thereafter, take one week break, sit on sidelines to re-create strategy. I'll continue to day trade both ways as I have been lately.
Hello World!
  • #2,638
  • Feb 25, 2014 9:12pm Feb 25, 2014 9:12pm
ongoing rise resembles gold's previous ascents(which all failed) and recent bitcoin ascent(although not as feverish). We all know how they ended, they all crashed eventually. as its rise due to speculation and nothing else.
  • #2,639
  • Feb 25, 2014 10:57pm Feb 25, 2014 10:57pm
Quoting Halba
ongoing rise resembles gold's previous ascents(which all failed) and recent bitcoin ascent(although not as feverish). We all know how they ended, they all crashed eventually. as its rise due to speculation and nothing else.
Mate, I request you to take a look at Gold's past trend of 10 years & more if possible. On a decade level, Gold was, is & will always be Bullish. This is how I see Gold.

But a decade? a decade? that's a very long period, isn't it? Even for a long term investor.. in that case .. if one traded through Golden Seasons, one would never fail. Buy / Sell within 12 months. On a track of 10 years, there can be one bumpy year, nevertheless, its rewarding.

Even though I'm badly expecting a 1-2 week short period ahead, I wouldn't be surprised if the Bulls continue to carry on. Maybe PA goes sideways for a few days & then Bulls resume? I've been testing ultra-tiny shorts in a demo to test the behavior, all failed until yesterday.

Day trading using Clock-Waves on M5 & M15 have been my flavor lately. I'll continue with these until I see a nice seasonal opportunity.
Hello World!
  • #2,640
  • Feb 25, 2014 11:53pm Feb 25, 2014 11:53pm
starting to resemble bitcoin hype
+300 pips in 1 week
+1500 pips this year so far.

no dip at all this week.
is this the stockmarket or something?
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