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  • #14,101
  • Aug 13, 2014 5:31am Aug 13, 2014 5:31am
Quoting Verve
{quote} Now we just have the US retail data to get through, seems like a jagged pill until then
Gold 24hr Chart Indicators 13/08/14
Symbol Value Action
RSI(14) 53.694 Neutral
STOCH(9,6) 68.731 Buy
STOCHRSI(14) 93.799 Overbought
MACD(12,26) -4.380 Sell
ADX(14) 34.146 Neutral
Williams %R -31.640 Buy
CCI(14) 66.5010 Buy
ATR(14) 12.1714 Less Volatility
Highs/Lows(14) 2.5357 Buy
UltimateOscillator52.030 Buy
ROC 0.368 Buy
Bull/Bear Power(13)7.9860 Buy

Buy: 7 Sell: 1 Neutral: 3

Summary: STRONG BUY
  • #14,102
  • Aug 13, 2014 5:35am Aug 13, 2014 5:35am
Quoting Verve
Tuesday, August 12, 2014, the US Treasury Department reported that the U.S. Government had a budget deficit of $95 billion for the month of July 2014. http://www.bullfax.com/?q=node-us-de...-time-buy-gold Yorky JR Aug 13, 2014 09:03AM GMT U.S. Deficit At 102% Of GDP Hits Another Record. The US budget Deficit grew another $95 billion in July 2014 to a record $17.7 trillion. Historically (apart from the past 2 years when everything disconnected due to...
Hi,
Do the first two boxes starting from left represent incomplete PA?
A trade should be based on an assumption based on facts
  • #14,103
  • Aug 13, 2014 5:52am Aug 13, 2014 5:52am
Quoting Mave
{quote} Hi, Do the first two boxes starting from left represent incomplete PA?
To some perhaps, but im looking for three consecutive new highs / waves. Anyway its cancelled now.

So now there is one new lower wave, then see that pa moves over 5sma band then creating new low, would be second wave
Take profit with this method is very low, 10 pips lol
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  • #14,104
  • Aug 13, 2014 6:00am Aug 13, 2014 6:00am
a new support on the 4hrs came up 1306.71
  • #14,105
  • Aug 13, 2014 6:04am Aug 13, 2014 6:04am
Quoting Goldglobal
{quote} Gold 24hr Chart Indicators 13/08/14 Symbol Value Action RSI(14) 53.694 Neutral STOCH(9,6) 68.731 Buy STOCHRSI(14) 93.799 Overbought MACD(12,26) -4.380 Sell ADX(14) 34.146 Neutral Williams %R -31.640 Buy CCI(14) 66.5010 Buy ATR(14) 12.1714 Less Volatility Highs/Lows(14) 2.5357 Buy UltimateOscillator52.030 Buy ROC 0.368 Buy Bull/Bear Power(13)7.9860 Buy Buy: 7 Sell: 1 Neutral: 3 Summary: STRONG BUY
Did you ever do practice trading using all these indicators / schools?

You could also use strategy tester, go back in time and test all this as it were happening in real time (live) and see how much you make / lose.
Hello World!
  • #14,106
  • Aug 13, 2014 6:38am Aug 13, 2014 6:38am
After my last corrective count was invalidated; it now seems that a bullish impulse wave is in process.

We are right now at the start of the 3rd impulse wave which should take price to 1340-60 region.

Note: 1293-95 must hold for this count to remain valid.

*Also ideally I would like to see it bottom out at 1298-1300 but there is a possibility that the bottom is in at 1305 (as it so far keeps holding)*

https://www.tradingview.com/v/7e2W56nR/
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  • #14,107
  • Aug 13, 2014 6:38am Aug 13, 2014 6:38am
Once it gets newsy in an hr I'm quite sure nice and decisive PA will emerge on our charts. Sideways is always a possibility like $5 up / down from current price.

On other note, a fall of 5 - 10 $s and thereafter a nice bounce looks good for the remainder week. Nevertheless, I think I am prepared whatever the PA be. We can't be right all the time after all, so, better always be prepared for bad results.
Attached Image (click to enlarge)
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Hello World!
  • #14,108
  • Aug 13, 2014 6:41am Aug 13, 2014 6:41am
Quoting waleed.khan
After my last corrective count was invalidated; it now seems that a bullish impulse wave is in process. We are right now at the start of the 3rd impulse wave which should take price to 1340-60 region. Note: 1293-95 must hold for this count to remain valid. *Also ideally I would like to see it bottom out at 1298-1300 but there is a possibility that the bottom is in at 1305 (as it so far keeps holding)* https://www.tradingview.com/v/7e2W56nR/ {image}

Exactly waleed

i have the same opinion but with the 1st target of 1380-1400

and i expected it to bottom out 1290-1294
  • #14,109
  • Aug 13, 2014 6:47am Aug 13, 2014 6:47am
Quoting msh310
{quote} Exactly waleed i have the same opinion but with the 1st target of 1380-1400 and i expected it to bottom out 1290-1294

Big possibility for 1380 to be hit on the first impulse...if you take into account the larger fib ext values...

when I quote prices I refer to "candle closes" on the larger time frames; so it is possible that price could go to 1290 but It should close above 1293-95 on the daily for me...

Good luck!
  • #14,110
  • Aug 13, 2014 7:17am Aug 13, 2014 7:17am
Quoting heispark
Somethin gona happen..... up? or down? {image}
Quick entry/exit before news release. +25. Done for the day.
Attached Image (click to enlarge)
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #14,111
  • Aug 13, 2014 7:23am Aug 13, 2014 7:23am
Quoting heispark
{quote} Quick entry/exit before news release. +25. Done for the day. {image}
Hello World!
  • #14,112
  • Aug 13, 2014 7:36am Aug 13, 2014 7:36am
is it today my payday!!!
  • #14,113
  • Aug 13, 2014 7:37am Aug 13, 2014 7:37am
I sincerely hope the price will hit 1320
  • #14,114
  • Aug 13, 2014 7:37am Aug 13, 2014 7:37am
removed SL from 2 shorts

net: 10 shorts

4 with SL @ BE (app)

Nicely giving out peak-out signs..
Hello World!
  • #14,115
  • Aug 13, 2014 7:38am Aug 13, 2014 7:38am
Quoting actorial
I sincerely hope the price will hit 1320
No... 1335
Itchy Spirit Return This Year: na
  • #14,116
  • Aug 13, 2014 7:38am Aug 13, 2014 7:38am
Quoting wafiqsalameh
is it today my payday!!!
how far up according to you ?
  • #14,117
  • Aug 13, 2014 7:39am Aug 13, 2014 7:39am
Quoting Spiritwalker
{quote} No... 1335
1335 then

But 1320 im out with my TP
  • #14,118
  • Aug 13, 2014 7:40am Aug 13, 2014 7:40am
looks like not more than aug,8th high
  • #14,119
  • Aug 13, 2014 7:40am Aug 13, 2014 7:40am
Quoting actorial
I sincerely hope the price will hit 1320
Not far, @ 1314
Hello World!
  • #14,120
  • Aug 13, 2014 7:44am Aug 13, 2014 7:44am
Quoting lukaszm1
Still longs on board. Avg price ~1312. If it goes down -> will add some more. Targets ~1320-1330. Same with silver - long positions only. But a little more complicated ;-)

Lowest buy @ 1305 GOLD and 19.900 SILVER
AVG -> GOLD ~1309 SILVER ~19.970

TP -> GOLD 1318/1320/1324 SILVER 20.1/20.2/20.4

I hope this move will last few hours ... but I don't think all my TP will be hit by the end of the week.

Good luck!

____


But still ... already big profit baby!
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