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Only Gold!

  • #11,961
  • Jul 21, 2014 9:21am Jul 21, 2014 9:21am
Quoting MikiFX
{quote} For example, to try to be more humble and less proud to others. Specially when others comments were not referring to me.
Thanks for your time, have a nice day!
Hello World!
  • #11,962
  • Jul 21, 2014 9:36am Jul 21, 2014 9:36am
Quoting ClockTrader
On a broad level on H4, this has been more like a sideway show.. {image}
Only to add a symmetric triangle.
So, some resolution can be expected soon. Letīs see...

Attached Image
  • #11,963
  • Jul 21, 2014 9:36am Jul 21, 2014 9:36am
For Fellas who are new here, plz take a look at Golden Seasons in the att. img

Buy in June, Sell by/in Jan

this trend has sustained for over 30 yrs on a broad level. (ever since trading started)

There are some hiccups at certain points.

PS: Meant for seasoned investors not traders
Attached Image (click to enlarge)
Click to Enlarge Name: Golden-Seasons-2014.PNG Size: 47 KB
Hello World!
  • #11,964
  • Jul 21, 2014 9:37am Jul 21, 2014 9:37am
Quoting ClockTrader
{quote} Thanks for your time, have a nice day!
Same to you and a profitable one
  • #11,965
  • Jul 21, 2014 9:45am Jul 21, 2014 9:45am
Feels so good when Gold is not falling, can't hedge or play tricky trades with contracts.

Deeply in love with Golden Seasons! Way to make money for lethargy people like me.
Hello World!
  • #11,966
  • Jul 21, 2014 9:46am Jul 21, 2014 9:46am
Quoting taciho
{quote} 0 level : 1391,97 100 level : 1240,23 brings 61.8 to:1334,32
Hey dude wat do u think for 1240 and 1345 for uptrend......in base on Fibonacci...
  • #11,967
  • Jul 21, 2014 10:52am Jul 21, 2014 10:52am
I think I shall have to wait for a major PA to breakout of the recent range (H4)

Like I said earlier, if it falls way low, I'll utilize VSA to enter for seasonal longs, if it peaks out, I would like to hedge the longs.

IF I am wrong, the recent longs will blow @ 1306 giving me a small loss.

Patience would be the key.

Time to call it a day, wish you all a nice one!
Hello World!
  • #11,968
  • Jul 21, 2014 11:13am Jul 21, 2014 11:13am
Break out of triangle, targeting 1,330. 1,311 holding as decent support. A breakdown and back to 1,300
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-07-21-TOS_GC.png Size: 161 KB
When the facts change I change my mind, what do you do sir
  • #11,969
  • Jul 21, 2014 11:33am Jul 21, 2014 11:33am
One major political factor that we should consider, the crisis in the middle east. If the crisis escalates ,gold should continue rallying heading to the previous high around 1345. If both parties set on a table and reach a size fire agreement, then the gold should head down to the previous 1290.

I am keeping one eye on the chart and the other one on the news!
  • #11,970
  • Jul 21, 2014 11:51am Jul 21, 2014 11:51am
Quoting bkoori
One major political factor that we should consider, the crisis in the middle east. If the crisis escalates ,gold should continue rallying heading to the previous high around 1345. If both parties set on a table and reach a size fire agreement, then the gold should head down to the previous 1290. I am keeping one eye on the chart and the other one on the news!
Totaly Agree With you Bro,i m Also Waiting for a mojor break out but it is not expected To early,we will remain in a tight Side way for A couple of Days
  • #11,971
  • Jul 21, 2014 12:31pm Jul 21, 2014 12:31pm
tik tak, tik tak, tik tak...............

DRT
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-07-22_003032.png Size: 32 KB
  • #11,972
  • Jul 21, 2014 1:29pm Jul 21, 2014 1:29pm
regardless this week should be a corrective week for gold/silver since next week most ppl expect it to start momentum..
So i just placed a short term short entry and i'll be managing a trailling stop from there to auto enter a buy around 20,42 (silver price)
  • #11,973
  • Jul 21, 2014 1:34pm Jul 21, 2014 1:34pm
Is the upload button working for everyone?
  • #11,974
  • Jul 21, 2014 1:48pm Jul 21, 2014 1:48pm
Quoting trendsbhatti
{quote} GTI Forex
i suggest u should withdraw ur money and deposit in a reliable one because it seems suspicious..
P.S. Trade with the discipline of Money Management and Risk Management.
  • #11,975
  • Jul 21, 2014 2:21pm Jul 21, 2014 2:21pm
I am allways ofraid of flat graphics like today, no trend, entering long, soon short , later long... ahh i am confused, where we areanbody see trend???
No matter how much you know, your words worth only as much as the other per
  • #11,976
  • Jul 21, 2014 2:23pm Jul 21, 2014 2:23pm
Quoting EatPIPs
{quote} Price has respected the 50% fib from the previous down move to $1318 - this small retrace to $1310 is healthy, even if it falls to $1305-1306 down to $1304 (78%) its sustainable. For the current bull run to remain in play the next upward run should/must get to $1331 - $1332 levels (23.6%). A solid 4HR close below $1303 would have me reconsider near term targets from bulls to bears. However we are still within the current upward channel with room for further downside if it decides to drop more. Patience is the key to trading as we all know....
I did not know much before joining this forum and whatever I have learnt so far is from you, Sameer (Clock Trader), Nitsan n few more on this forum.

I m sharing 2 charts.. one is making triangle and it can break upside to validate ur bull run call which is more likely as daily low is getting higher. but the other chart is making me confused please correct me if I m doing any mistake. other chart shows price at SMA400 which I think a signal of drop down to SMA300 @1298 and further SMA200 @1285. So the triangle in first chart may breakout downside.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLD.SPOTDaily.png Size: 35 KB
Click to Enlarge Name: GOLD.SPOTDaily2.png Size: 40 KB
P.S. Trade with the discipline of Money Management and Risk Management.
  • #11,977
  • Jul 21, 2014 2:23pm Jul 21, 2014 2:23pm
The other thing, flat markets consumes your Money, u think u r on the right way, later you will see that u r wrong way but 30 minutes later you understand that u were right way
No matter how much you know, your words worth only as much as the other per
  • #11,978
  • Jul 21, 2014 2:26pm Jul 21, 2014 2:26pm
Quoting waleed.khan
Is the upload button working for everyone?
yes i just uploaded 2 pics of charts.. u can also comment/suggest ur experience on that
P.S. Trade with the discipline of Money Management and Risk Management.
  • #11,979
  • Edited 3:30pm Jul 21, 2014 2:47pm | Edited 3:30pm
Quoting farukh
{quote} yes i just uploaded 2 pics of charts.. u can also comment/suggest ur experience on that
I don't know why I cant...

Hi Farukh; when one is new to trading they should stick to one method of trading (and see if it works for you for atleast 3-6 months before moving on... )

I see that you are working with Nitsans moving average method...

In terms of your chart; I would just like to say that at this price level it is too hard to tell which way the market is headed and it might be to early to start making a triangle too also when "C" leg of the triangle isn't clearly formed (The fact that a doji is on the verge of being posted on the daily chart also doesn't help)...

Other than that a triangle/wedge pattern usually follows the direction of the trend (which according to the daily chart right now is "in some books" bearish engulfing)

Good Luck to you!
  • #11,980
  • Jul 21, 2014 3:20pm Jul 21, 2014 3:20pm
SO it finally works...

This scenario is based on the idea that we will have a bullish run from here...

Chart one ties into chart two's gartley completion at point D...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: goldelliottwavescenario1july21.png Size: 56 KB
Click to Enlarge Name: Goldgartleyjuly21.png Size: 99 KB
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