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  • #3,241
  • Mar 10, 2014 4:32am Mar 10, 2014 4:32am
Still not able to break and find a continuation from 1332 support that I placed last week.

There currently 3 prices that are important to me:

1337
1341
1346

Im long again from this morning, gonna manage the trade as PA develops from these prices.

If 1327 breaks and holds then I would be looking at shorts again.
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To live a successful life, we must lose our fear of being wrong
  • #3,242
  • Mar 10, 2014 4:58am Mar 10, 2014 4:58am
Quoting EatPIPs
Still not able to break and find a continuation from 1332 support that I placed last week. There currently 3 prices that are important to me: 1337 1341 1346 Im long again from this morning, gonna manage the trade as PA develops from these prices. If 1327 breaks and holds then I would be looking at shorts again. {image}
. It is just Monday, we have a week ahead. Will see how long the minor support 1327 hold.
  • #3,243
  • Mar 10, 2014 4:59am Mar 10, 2014 4:59am
GOLD
Gold in the spot market struck a high of 1352.76 and a low of 1328.80 on Friday as gold retreated for a second day as US jobs data backed the case for the Federal Reserve to keep on reducing stimulus. The better than expected payrolls data weighed on gold, but losses were limited by the political situation in Ukraine. Gold futures fell to a one week low on Friday, after better than expected US nonfarm payrolls data underlined the view that the Federal Reserve will maintain the current pace of reductions to its stimulus program. SPDR Gold Trust, the world's largest gold backed Exchange traded fund, said its holdings rose 1.50 tonnes to 805.20 tonnes on Friday. DAILY TECHNICAL RESISTANCES AND SUPPORTS
CURRENT PRICE: 1333.90
RESISTANCES: 1337.70 1341.60 1344.70
SUPPORTS: 1325.50 1321.70 1317.40
  • #3,244
  • Mar 10, 2014 5:44am Mar 10, 2014 5:44am
Quoting Nitsan_Levi
MORE BUY 1H GARTLEY + SMA300 great risk/profit ratio here.. {image}
Hey all

UPDATE

still wait for take profit or stop from the last week GARTLEY+SMA300

today sma 400 hold and look nice
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  • #3,245
  • Mar 10, 2014 6:01am Mar 10, 2014 6:01am
Quoting ozboy
Guys, my plan for today After 4 times shake out and create double top. Instead go short, I tried some long with tight SL just below the lower structure .. looking for the higher structure before London if possible. Otherwise, i will take few pips loss. {image}
I'm out and wait for new opportunity
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  • #3,246
  • Mar 10, 2014 6:34am Mar 10, 2014 6:34am
Quoting namaus
{quote} . It is just Monday, we have a week ahead. Will see how long the minor support 1327 hold.
Yes for sure. We are currently trading in last weeks consolidation zone so until another breakout, it's just a waiting game. Scalpers paradise nonetheless.
To live a successful life, we must lose our fear of being wrong
  • #3,247
  • Mar 10, 2014 7:07am Mar 10, 2014 7:07am
Looks good, feels good, so far pretty good, Au @ 1339
Hello World!
  • #3,248
  • Mar 10, 2014 7:16am Mar 10, 2014 7:16am
Hey Clock

GOLD patterm for long look very good...


I welcome you to vist in my new Thred here

http://www.forexfactory.com/showthre...=474527&page=2
  • #3,249
  • Mar 10, 2014 7:45am Mar 10, 2014 7:45am
Quoting Nitsan_Levi
{quote} Hey all UPDATE still wait for take profit or stop from the last week GARTLEY+SMA300 today sma 400 hold and look nice {image}
I think it won't touch over 1350 as the price is weak. Gold opened under week pivot, while weekly and daily chart is almost overbought... It has tested sma 400 1 time if it goes to it it'll break IMO.
  • #3,250
  • Mar 10, 2014 7:58am Mar 10, 2014 7:58am
Quoting pouyanv
{quote} I think it won't touch over 1350 as the price is weak. Gold opened under week pivot, while weekly and daily chart is almost overbought... It has tested sma 400 1 time if it goes to it it'll break IMO.

As I see it we have 4 professional buy against 1 professional sell

and I dont calculated the trend traders

and the GARTLEY PATTERM is the strongest of all strategies (big money love it becuse of the win/loss ratio and becuse algo trading cant see it)

GL HF
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  • #3,251
  • Mar 10, 2014 8:10am Mar 10, 2014 8:10am
Quoting Nitsan_Levi
{quote} As I see it we have 4 professional buy against 1 professional sell and I dont calculated the trend traders and the GARTLEY PATTERM is the strongest of all strategies (big money love it becuse of the win/loss ratio and becuse algo trading cant see it) GL HF {image}
Your pattern is right bro and also sma. But as the chart is overbought and it has broken H4 increasing channel i would wait a bit But your strategy and opinion is great always. keep up the good work!
  • #3,252
  • Mar 10, 2014 8:45am Mar 10, 2014 8:45am
Quoting Nitsan_Levi
Hey Clock GOLD patterm for long look very good... I welcome you to vist in my new Thred here http://www.forexfactory.com/showthre...=474527&page=2
I just subscribed to your thread mate. Kudos to you!

Please see if you can write an article about your trading system. I really wish to learn from you.
Hello World!
  • #3,253
  • Mar 10, 2014 9:54am Mar 10, 2014 9:54am
Another line that has been attracting a lot of action. Its late but might come into play later
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A trade should be based on an assumption based on facts
  • #3,254
  • Edited 1:33pm Mar 10, 2014 11:06am | Edited 1:33pm
Damn i missed the short train.Had a sell limit at 1344.00 but moved higher
  • #3,255
  • Mar 10, 2014 11:10am Mar 10, 2014 11:10am
Quoting Mave
Another line that has been attracting a lot of action. Its late but might come into play later {image}
Great Mave!!!
At the moment price rebounded exactly on this trendline... north direction!
If you do not know who you are, the Forex is the worst place to find you
  • #3,256
  • Mar 10, 2014 11:29am Mar 10, 2014 11:29am
What do you think about? W1 chart

Attached Image (click to enlarge)
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If you do not know who you are, the Forex is the worst place to find you
  • #3,257
  • Mar 10, 2014 11:35am Mar 10, 2014 11:35am
Quoting skassacomput
What do you think about? W1 chart {image}
Nice chart mate. It is also the iH&S pattern.
  • #3,258
  • Mar 10, 2014 11:43am Mar 10, 2014 11:43am
Quoting skassacomput
{quote} Great Mave!!! At the moment price rebounded exactly on this trendline... north direction!
I'm looking for a close over 1340.78/1341.47 on 1H to go long.
A trade should be based on an assumption based on facts
  • #3,259
  • Mar 11, 2014 1:47am Mar 11, 2014 1:47am
if we can break 1346.80 we can see 1353 try.
  • #3,260
  • Mar 11, 2014 2:59am Mar 11, 2014 2:59am
http://www.gold-eagle.com/article/20...ar-commodities nice one to read.
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