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  • #13,881
  • Aug 11, 2014 5:43am Aug 11, 2014 5:43am
Quoting lorix
watching this is very interesting and advise to be keep an eye this pattern could end all the bullish move if it break the 1300 in a down move {image}
Is the H&S pattern proper though? Please check the 1H graph again! It doesn't look like it. Im not sure, please correct me if I am wrong.

Thanks!
  • #13,882
  • Aug 11, 2014 5:46am Aug 11, 2014 5:46am
Quoting wafiqsalameh
ok ct coz of my( noob noise) its my last day here in ff.......wish u all good luck
Where ever you go, just make sure you do not post 10 x 1 liners in an hr. without any kind of analysis or theory to support. My best wishes are with you mate!
Hello World!
  • #13,883
  • Edited 6:03am Aug 11, 2014 5:48am | Edited 6:03am
Quoting wafiqsalameh
ok ct coz of my( noob noise) its my last day here in ff.......wish u all good luck
Mr. Salameh, please learn to deal with criticism. The world is hard and especially the financial world. If you're not yet skilled enough to make the right conclusions out specific information, please do yourself a favor and make no conclusions at all.

Every trader adds in its own way a value to the forum. And so do you. ClockTrader just asks you kindly to adjust your way of presenting your knowledge, recommendations and other information to the forum, so you can even add more value to the forum.

Head up, shoulders forward. And just do what you already did, adding value to the forum, but try to make your presentation of information more informative for the fellow traders.

Best regards,

Frietzak
  • #13,884
  • Aug 11, 2014 6:01am Aug 11, 2014 6:01am
Quoting rahimsaa
{quote} Is the H&S pattern proper though? Please check the 1H graph again! It doesn't look like it. Im not sure, please correct me if I am wrong. Thanks!
Rahimsaa my friend its a head and shoulders the chart is not complete yet waiting the price to form the right shoulder as long as price is lower than the high i pointed at,
the price will keep forming this shoulder once it break the neck line that pattern will be true so its good to keep an eye on so once it break to watch the price action after it to never miss the trade or trade it short with a stop loss over the high in case the pattern false ('',)
Senior Trader Multi-Account Manager
  • #13,885
  • Aug 11, 2014 6:13am Aug 11, 2014 6:13am
Quoting lorix
{quote} Rahimsaa my friend its a head and shoulders the chart is not complete yet waiting the price to form the right shoulder as long as price is lower than the high i pointed at, the price will keep forming this shoulder once it break the neck line that pattern will be true so its good to keep an eye on so once it break to watch the price action after it to never miss the trade or trade it short with a stop loss over the high in case the pattern false ('',)
Thanks Lorix. Please do give a heads up when the pattern is complete.

Thanks!
  • #13,886
  • Aug 11, 2014 6:14am Aug 11, 2014 6:14am
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDH1.png Size: 29 KB


- Fibo bounce off at 38.2 ( both 1H and 4H chart )
- hourly downward trend line broken ( seem legit )

Price heading for 1324 atleast?

Can someone advise me on my analysis?
  • #13,887
  • Aug 11, 2014 6:17am Aug 11, 2014 6:17am
Hi guys!

new to ff...am 19 years old,trying to learn as much as I can from all you brilliant people..cheers!
  • #13,888
  • Aug 11, 2014 6:24am Aug 11, 2014 6:24am
Quoting aneesh12shar
Hi guys! new to ff...am 19 years old,trying to learn as much as I can from all you brilliant people..cheers!
You are welcome here mate..
Hello World!
  • #13,889
  • Aug 11, 2014 6:27am Aug 11, 2014 6:27am
close my longs at 1310,xx
i want entering again at more low position (Long)
maybe again 1306 maybe 1302-1298
where are we? we are here. where are we going? ...
  • #13,890
  • Aug 11, 2014 6:47am Aug 11, 2014 6:47am
Watchin pinK to gimme a hint
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd #30.png Size: 68 KB
As the lights go by so too do the shadows move
  • #13,891
  • Aug 11, 2014 7:43am Aug 11, 2014 7:43am
Quoting aeternum
{quote} Hi, wouldn't the pennant in a down trend be a continuation of the down trend? I would like to know how you view this. http://www.babypips.com/school/middl.../pennants.html
Yes, classical pattern study generally teaches it's a continuation. While it often marks a continuation of the current trend, there are instances when symmetrical triangles mark important trend reversals. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #13,892
  • Aug 11, 2014 7:44am Aug 11, 2014 7:44am
I am watching the top channel TL of the 4hr XAGUSD chart. It is approaching again and perhaps may bo to continue the daily bo (TL from 27.8.13).
As the lights go by so too do the shadows move
  • #13,893
  • Aug 11, 2014 7:56am Aug 11, 2014 7:56am
Quoting eruc
close my longs at 1310,xx i want entering again at more low position (Long) maybe again 1306 maybe 1302-1298
seem we have same idea.

I m looking to load heavy long 1302 targeting several 100 $ increase.

you really that good with 1900% or you simply do not use stops?
  • #13,894
  • Aug 11, 2014 8:01am Aug 11, 2014 8:01am
Quoting heispark
{quote} Yes, classical pattern study generally teaches it's a continuation. While it often marks a continuation of the current trend, there are instances when symmetrical triangles mark important trend reversals. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout.
Yes I have experienced this a couple of months ago when both Gold and Silver broke above the wedge and Gold shot from 123x to 134x. I am already in positions now though, do or die?
A 1 pip gain is better than a 1 pip loss.
  • #13,895
  • Aug 11, 2014 8:36am Aug 11, 2014 8:36am
Hello, my name is Obaidah and im short gold addict .. I believe we'll see lower prices from here.
I recommend you read something else as this sentence is now concluded.
  • #13,896
  • Aug 11, 2014 8:42am Aug 11, 2014 8:42am
Please state why you believe gold will go down. Please post charts not random believes.
  • #13,897
  • Aug 11, 2014 8:46am Aug 11, 2014 8:46am
Bearish shooting star formed on Friday's COMEX gold futures daily chart .


Price remains supported above the 50 and 200 period moving averages amid geopolitical tensions.


However on Friday we saw outflows from holdings in SPDR Gold Trust (GLD) and the COT report showed that speculators cut their long positions in gold futures and options in the week to August 5th.
Attached Image (click to enlarge)
Click to Enlarge Name: comexgold811.png Size: 51 KB
  • #13,898
  • Aug 11, 2014 8:48am Aug 11, 2014 8:48am
Quoting fxsnakes
Please state why you believe gold will go down. Please post charts not random believes.
Fundamentals are suggesting lower prices for the rest of the week and volume on small time frames are full of lack of demand bars, I've been trading this thing way before you even came on the scene buddy, i don't trade random
I recommend you read something else as this sentence is now concluded.
  • #13,899
  • Aug 11, 2014 8:55am Aug 11, 2014 8:55am
Quoting Obaidah
{quote} Fundamentals are suggesting lower prices for the rest of the week and volume on small time frames are full of lack of demand bars, I've been trading this thing way before you even came on the scene buddy, i don't trade random
Indeed, it does appear that the Russian invasion of Ukraine may not happen after all. I have closed my longs (very small loss) and on side lines.
"The market can remain irrational longer than you can remain solvent"
  • #13,900
  • Aug 11, 2014 8:58am Aug 11, 2014 8:58am
Quoting Obaidah
{quote} Fundamentals are suggesting lower prices for the rest of the week and volume on small time frames are full of lack of demand bars, I've been trading this thing way before you even came on the scene buddy, i don't trade random
Calm down Buddy, didn't you see the smiley face
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