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  • #8,081
  • May 5, 2014 1:38pm May 5, 2014 1:38pm
Quoting XediAnakin
Catastrophic Meltdown Coming to America-Doug Casey Investor/author Doug Casey says most Americans are ill-prepared for what is coming. Casey explains, “This huge recession that started in 2007, and the bottom was 2009 and 2010, has cyclically recovered. So, people think it’s going to be happy days again, but it’s not. The way the government engineered this recovery is by creating trillions in currency units, and as we speak, they are creating $55 billion a month more by buying government bonds and mortgage securities. All of this paper money which...
Usually these horror stories come out in buckets when market is about to fly to new highs
  • #8,082
  • May 5, 2014 1:42pm May 5, 2014 1:42pm
Quoting waleed.khan
{quote} Have you gone long already...? If you haven't I suggest not too as volume and volatility has died out and in asia session market can retrace a little too.. Today I bought at 1307 and sold at 1312 (on its retracement). I now have buy orders at 1312 and stop orders at 1299. Hopefully the market is going to catch a direction at these points by asia or europe sessions later... Its very tough to judge at this stage the exact point for a retracement and getting into a position now with an unconfirmed trend can lead to losses...
no still holding lol
Attached Image (click to enlarge)
Click to Enlarge Name: g10.png Size: 98 KB
looks like it is trying to get a cross over orange 50 on top is strong short signal and a signal has appeared, 1309 could become resistance to upper ?? are you still short ?? regards
  • #8,083
  • May 5, 2014 1:45pm May 5, 2014 1:45pm
Quoting Super_Mario
{quote} Usually these horror stories come out in buckets when market is about to fly to new highs
thats the point.........
Nothing Is Certain In The Universe
  • #8,084
  • May 5, 2014 1:51pm May 5, 2014 1:51pm
Quoting waleed.khan
{quote} Have you gone long already...? If you haven't I suggest not too as volume and volatility has died out and in asia session market can retrace a little too.. Today I bought at 1307 and sold at 1312 (on its retracement). I now have buy orders at 1312 and stop orders at 1299. Hopefully the market is going to catch a direction at these points by asia or europe sessions later... Its very tough to judge at this stage the exact point for a retracement and getting into a position now with an unconfirmed trend can lead to losses...
Attached Image (click to enlarge)
Click to Enlarge Name: g11.png Size: 114 KB
still long trend emas 10 top 20, middle 50 bottom,, any other time yes long,,,but look right in the middle the 100 is sitting with the 20,, you would think this is the stronger point ?? but then before that you have the 10 and 200 sma,, so which one do you play off or tp if short ?? this is not an easy call, go long to early get reverse to the 100 ?? dont go long there miss the boat ??? lol
  • #8,085
  • May 5, 2014 1:53pm May 5, 2014 1:53pm
Quoting elbert3
{quote} no still holding lol{image} looks like it is trying to get a cross over orange 50 on top is strong short signal and a signal has appeared, 1309 could become resistance to upper ?? are you still short ?? regards
I'm not short...I'm sitting out. I had gotten in at 1307 hoping for a continuation to 1318 plus...but then i got out on 1312 on its retracement. Right now I have buy orders on 1312 and sell orders on 1298... So hopefully I will get triggered somewhere in this range by europe open!

But my bias is still on the upside!
  • #8,086
  • May 5, 2014 1:56pm May 5, 2014 1:56pm
Quoting XediAnakin
Catastrophic Meltdown Coming to America-Doug Casey Investor/author Doug Casey says most Americans are ill-prepared for what is coming. Casey explains, “This huge recession that started in 2007, and the bottom was 2009 and 2010, has cyclically recovered. So, people think it’s going to be happy days again, but it’s not. The way the government engineered this recovery is by creating trillions in currency units, and as we speak, they are creating $55 billion a month more by buying government bonds and mortgage securities. All of this paper money which...
This article sounds like it was written 4 years ago!
Inflation is not the problem...it is deflation! So far qe appears to have worked as they are already tightening and reducing Qe whilst the economy appears to be doing well...
The problem is in the future is not going to be inflation; but deflation and if the U.s can grow without needing further stimulus!
  • #8,087
  • May 5, 2014 2:05pm May 5, 2014 2:05pm
Quoting waleed.khan
{quote} I'm not short...I'm sitting out. I had gotten in at 1307 hoping for a continuation to 1318 plus...but then i got out on 1312 on its retracement. Right now I have buy orders on 1312 and sell orders on 1298... So hopefully I will get triggered somewhere in this range by europe open! But my bias is still on the upside!
Attached Image (click to enlarge)
Click to Enlarge Name: g12.png Size: 106 KB
yes me too, this is were the 1307.5 comes into it switch back to the 4 hour the 10 imght just come up to that number,, so i am still looking here ?? tp and long same
  • #8,088
  • May 5, 2014 2:14pm May 5, 2014 2:14pm
Quoting elbert3
{quote} {image} yes me too, this is were the 1307.5 comes into it switch back to the 4 hour the 10 imght just come up to that number,, so i am still looking here ?? tp and long same
The peach line is 20 ema on the 1hr?
I think pa is done for the day...its probably gonna go sideways to slightly lower and then come back up....right now

I am looking at this new 5 min scalping system...which seems pretty good! & it is indicating that upward momentum is on its way...

Even though the system seems to work best with higher volatility!
  • #8,089
  • May 5, 2014 2:14pm May 5, 2014 2:14pm
Quoting waleed.khan
{quote} This article sounds like it was written 4 years ago! Inflation is not the problem...it is deflation! So far qe appears to have worked as they are already tightening and reducing Qe whilst the economy appears to be doing well... The problem is in the future is not going to be inflation; but deflation and if the U.s can grow without needing further stimulus!
Attached Image (click to enlarge)
Click to Enlarge Name: g14.png Size: 122 KB
lst one,, to the left you can see resistance from the past as you pull away from the chart now you can see the 10 just popped out the tl,, this could be the confirmation long,,, sorry seems i have exhausted the scenarios ,, after all this it goes to 1226 lol gl
  • #8,090
  • May 5, 2014 2:20pm May 5, 2014 2:20pm
Quoting elbert3
{quote} {image} lst one,, to the left you can see resistance from the past as you pull away from the chart now you can see the 10 just popped out the tl,, this could be the confirmation long,,, sorry seems i have exhausted the scenarios ,, after all this it goes to 1226 lol gl
LOL

Theres too much on the weekly and daily to suggest that the price is gonna go up!
  • #8,091
  • May 5, 2014 2:35pm May 5, 2014 2:35pm
Gold Daily

Breaking above the DTL caused by the initial sell-off
Bouncing off the 200 sma

Technical formation - Falling wedge
High probability formation

The pattern is breaking out to the upside - as per normal and forecasts price will reach 1387 -> allow for two weeks

The pattern fails if price closes below 1270 (That won't take as long)

Enjoy
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold (-).png Size: 31 KB
  • #8,092
  • May 5, 2014 2:47pm May 5, 2014 2:47pm
Howdy Gold Traders,

I don't post much here at FF, but I'm always lurking

I have started analyzing gold (I ususally trade ES) and just have a quick question for you all.

What are your thoughts/concerns with Gold's correlation to equities? Strong/Weak correlation?

What I'm really getting at is; for gold to go up, do equities generally need to be dropping, or can they move fairly independently?

Thanks so much and good luck this week!
  • #8,093
  • May 5, 2014 2:54pm May 5, 2014 2:54pm
Quoting NWSTrading
Howdy Gold Traders, I don't post much here at FF, but I'm always lurking I have started analyzing gold (I ususally trade ES) and just have a quick question for you all. What are your thoughts/concerns with Gold's correlation to equities? Strong/Weak correlation? What I'm really getting at is; for gold to go up, do equities generally need to be dropping, or can they move fairly independently? Thanks so much and good luck this week!
It is generally considered that they and by they I mean (Spx500, Dow & nasdaq primarily); are inversely correlated for the better part of the year...

Just overlay a chart of gold with one or all of these equities and see for yourself!

Cheers!
  • #8,094
  • May 5, 2014 3:02pm May 5, 2014 3:02pm
Quoting waleed.khan
{quote} right now I am looking at this new 5 min scalping system...which seems pretty good! & it is indicating that upward momentum is on its way... Even though the system seems to work best with higher volatility!
I think this scalping system has potential! gonna observe and test it more!
  • #8,095
  • May 5, 2014 3:30pm May 5, 2014 3:30pm
Quoting waleed.khan
{quote} It is generally considered that they and by they I mean (Spx500, Dow & nasdaq primarily); are inversely correlated for the better part of the year... Just overlay a chart of gold with one or all of these equities and see for yourself! Cheers!
Here is a chart of gold and spx!
Attached Image (click to enlarge)
Click to Enlarge Name: dsgg.png Size: 55 KB
  • #8,096
  • May 5, 2014 4:17pm May 5, 2014 4:17pm
My view:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 125 KB
If you do not know who you are, the Forex is the worst place to find you
  • #8,097
  • May 5, 2014 5:24pm May 5, 2014 5:24pm
Quoting ClockTrader
{quote} Can you please elaborate these acronyms EO and SO ? If you are risking 1 - 2% of your account, I say, kooool.
EO= Entry Order = Buy limit orders incrreasing in lots. SO=Sell limit order
  • #8,098
  • May 5, 2014 5:31pm May 5, 2014 5:31pm
Quoting waleed.khan
{quote} Here is a chart of gold and spx! {image}
stay short and forget about new highs soon, Goldman Schan makes the market and target is $1150 .

the opposite of what made Gold Rally from $400 to $1800 is happening now.
  • #8,099
  • May 5, 2014 7:14pm May 5, 2014 7:14pm
Quoting acidguy
{quote} stay short and forget about new highs soon, Goldman Schan makes the market and target is $1150 . the opposite of what made Gold Rally from $400 to $1800 is happening now.
Interesting..
  • #8,100
  • May 5, 2014 7:44pm May 5, 2014 7:44pm
Quoting bernbeach
{quote} EO= Entry Order = Buy limit orders incrreasing in lots. SO=Sell limit order
Thanks mate!
Hello World!
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