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  • #14,641
  • Aug 18, 2014 9:37am Aug 18, 2014 9:37am
Quoting froglicker
Crazy day at work, just got home to a computer. 3 longs triggered at 1301,1300,1298. 1296 resistance should hold, lets see where it goes. Happy trading, everyone!
Another long taken at 1297.

For the chart people, here's mine.
be warned, i'm not very good at gold yet, but i try to keep with my analysis.
So we have 3 buys here, i know i have 4, but i'm running on 2 brokers, one which is a minilot account.
Anyway, resistance at 1296 area, followed by the candles enclosed within a range, which I expect to see a breakout within the week or next.
Buying the lows and selling the highs atm.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB


Edit: added 2nd paragraph n chart
  • #14,642
  • Aug 18, 2014 9:40am Aug 18, 2014 9:40am
descending triangle in a downtrend
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Click to Enlarge Name: Image1.jpeg Size: 161 KB
  • #14,643
  • Aug 18, 2014 9:44am Aug 18, 2014 9:44am
Quoting pat.van
{quote} Hi, thanks for the update. Just sharing with you how I see the waves coming along. This is on 15min, basically a zooming of 5th wave on 1hour per your count. I see this as an impulse wave down, trying to complete its minor 5th wave. If you try to project this out using fib expansion cluster between 4-i-ii and ii-iii-iv, area of support should be 1296.3 (around current price), 1294.4, 1290.0 and so on.....so hopefully any of these levels could hold so we still have a good bullish formation on the higher timeframes. {image}

How are you seeing your 4th wave count... Sideways (triangle) or a zigzag... ( Is it satisfying the rules of alternation <2nd wave>?)

This is how I am seeing it so far... hopefully the current candle will close up and this should start the up-cycle; if not then we could go lower to the levels you mentioned. I have the 2nd wave down as sideways (flat)... and hence 4th down as a zigzag ( which gives provision for the current up wave to be still labelled as a c wave with a pending 5th or then a new impulse cycle...

https://www.tradingview.com/x/hVUyhvgT/
  • #14,644
  • Aug 18, 2014 9:49am Aug 18, 2014 9:49am
Quoting Ck87
Incredible, new highs on US tech again… man this market never stops.

I'd be ready to head to the exits later this year.
"The market can remain irrational longer than you can remain solvent"
  • #14,645
  • Aug 18, 2014 9:50am Aug 18, 2014 9:50am
Waiting for a break of a blue line for the next step of our journey.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd #36.png Size: 73 KB
As the lights go by so too do the shadows move
  • #14,646
  • Aug 18, 2014 10:07am Aug 18, 2014 10:07am
Quoting qaiser4u007
{quote} Today i will follow you Ct
Badly craving for a peak-out, even a decent one on M15 (VSA), will sell..
Hello World!
  • #14,647
  • Aug 18, 2014 10:07am Aug 18, 2014 10:07am
Quoting iwishtowin
{quote} Sure ClockTrade point taken. attached screenshot of my mt4. {image}
Thanks mate!

Your indi looks beautiful....
Hello World!
  • #14,648
  • Aug 18, 2014 10:08am Aug 18, 2014 10:08am
Quoting pat.van
{quote} Hi, thanks for the update. Just sharing with you how I see the waves coming along. This is on 15min, basically a zooming of 5th wave on 1hour per your count. I see this as an impulse wave down, trying to complete its minor 5th wave. If you try to project this out using fib expansion cluster between 4-i-ii and ii-iii-iv, area of support should be 1296.3 (around current price), 1294.4, 1290.0 and so on.....so hopefully any of these levels could hold so we still have a good bullish formation on the higher timeframes. {image}

Yes I get your count now... it does satisfy the 5th impulse logic...
  • #14,649
  • Aug 18, 2014 10:18am Aug 18, 2014 10:18am
buy limit @ 1297,00
The best thing that can happen to you is to find out where you're wrong.
  • #14,650
  • Aug 18, 2014 10:34am Aug 18, 2014 10:34am
Buying Silver, Gold nad EurUsd like crazy 0_o
  • #14,651
  • Aug 18, 2014 10:35am Aug 18, 2014 10:35am
I dont know if any one trade oil in here i am long on oil now @ 93.58
Senior Trader Multi-Account Manager
  • #14,652
  • Aug 18, 2014 10:36am Aug 18, 2014 10:36am
My view of gold is that if gold daily close below 1312 then it will sure to go 1265-1260.
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  • #14,653
  • Aug 18, 2014 10:38am Aug 18, 2014 10:38am
Quoting Asifurrahim
My view of gold is that if gold daily close below 1312 then it will sure to go 1365-1360. {image}
You mean 1265-1260?
  • #14,654
  • Aug 18, 2014 10:39am Aug 18, 2014 10:39am
Quoting lukaszm1
{quote} You mean 1265-1260?
yes sorry my typing mistak
  • #14,655
  • Aug 18, 2014 10:41am Aug 18, 2014 10:41am
Quoting lorix
I dont know if any one trade oil in here i am long on oil now @ 93.58
93.58?

what oil are you seeing? or are you talking about a limit order?

we post oil comments over here: http://www.forexfactory.com/showthre...487323&page=13
  • #14,656
  • Aug 18, 2014 10:44am Aug 18, 2014 10:44am
Quoting waleed.khan
{quote} 93.58? what oil are you seeing?
my view of buy level oil is 90 or 89 with tight sl maximum 50 pips
  • #14,657
  • Aug 18, 2014 10:49am Aug 18, 2014 10:49am
Quoting waleed.khan
{quote} 93.58? what oil are you seeing? or are you talking about a limit order? we post oil comments over here: http://www.forexfactory.com/showthre...487323&page=13
Thx man didnt see that.
i trade WT oct contract
Senior Trader Multi-Account Manager
  • #14,658
  • Aug 18, 2014 10:50am Aug 18, 2014 10:50am
Quoting Asifurrahim
{quote} my view of buy level oil is 90 or 89 with tight sl maximum 50 pips

Please try posting about oil in that thread...{the pure gold only bugs don't like it} - thank you

*but on what basis do yo want to take buys at 90 or 89 - whats the rationale?
  • #14,659
  • Aug 18, 2014 10:51am Aug 18, 2014 10:51am
Quoting waleed.khan
{quote} Please try posting about oil in that thread...{the pure gold only bugs don't like it} - thank you *but on what basis do yo want to take buys at 90 or 89 - whats the rationale?


http://www.forexfactory.com/showthre...487323&page=13
Hello World!
  • #14,660
  • Aug 18, 2014 10:55am Aug 18, 2014 10:55am
Quoting waleed.khan
{quote} How are you seeing your 4th wave count... Sideways (triangle) or a zigzag... ( Is it satisfying the rules of alternation <2nd wave>?) This is how I am seeing it so far... hopefully the current candle will close up and this should start the up-cycle; if not then we could go lower to the levels you mentioned. I have the 2nd wave down as sideways (flat)... and hence 4th down as a zigzag ( which gives provision for the current up wave to be still labelled as a c wave with a pending 5th or then a new impulse cycle... {image}
Thank you for your post Waleed.
My personal opinion => very educated as elliotican
Sorry for my poor english
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