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  • #14,661
  • Aug 18, 2014 11:14am Aug 18, 2014 11:14am
Quoting waleed.khan
{quote} Yes I get your count now... it does satisfy the 5th impulse logic...
Ah ok!
  • #14,662
  • Aug 18, 2014 11:47am Aug 18, 2014 11:47am
Quoting lengzhai
{quote} Thank you for your post Waleed. My personal opinion => very educated as elliotican Sorry for my poor english

No worries & thanks

*just hope the price level holds*
  • #14,663
  • Aug 18, 2014 11:53am Aug 18, 2014 11:53am
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?
see my chart i trade only with Fibonacci tool.
Attached Image (click to enlarge)
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  • #14,664
  • Aug 18, 2014 12:10pm Aug 18, 2014 12:10pm
Quoting Asifurrahim
{quote} see my chart i trade only with Fibonacci tool. {image}

I think you are also using october contract values...

I agree though, I think your buy levels coincide with $93 on comex; which is the fib extension level and a support area from the last top. Price has to retrace at some point...

However if geo political risks escalate then price could shoot up from these levels only.

Thanks for sharing your chart!
  • #14,665
  • Aug 18, 2014 12:22pm Aug 18, 2014 12:22pm
sloowww monday
  • #14,666
  • Edited 2:11pm Aug 18, 2014 1:45pm | Edited 2:11pm
Quoting Ck87
sloowww monday
yep:but today only gold as i predict on average price from last week,was trading natural gaz,kkkkkkand tomorrow low long..
sorry fellers this is what i get every day cause i\m a complete nob and learning,but this chart is wright first rs> was achieved.
Pivot: 1317.5

Analysis: Short positions below 1317.5 with targets @ 1292 & 1287.7 in extension.

Alternative scenario: Above 1317.5 look for further upside with 1322.7 & 1329 as targets.

Comment: The RSI is mixed.

http://www.tradingcentral.com/newsletter/spacer10.gif http://www.tradingcentral.com/chart/...0818070419.gif
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
all times learnning
  • #14,667
  • Aug 18, 2014 5:20pm Aug 18, 2014 5:20pm
I just short the gold at 1298.24 (",)
Senior Trader Multi-Account Manager
  • #14,668
  • Aug 18, 2014 6:12pm Aug 18, 2014 6:12pm
Seeing mixed signals in coming days now… Maybe another nice leg down. Good time to have clarity and have no open positions for me.
  • #14,669
  • Aug 18, 2014 9:33pm Aug 18, 2014 9:33pm
Added 2 longs (against 6 active shorts)

Net Position now: 4 shorts

Logic: Completely out of logic, working on hunch. VSA bars too confusing to conclude anything..

Additionally, applied SL on these shorts using DCB (see att.), might apply BE SL on shorts lying @ 1307 later....
Attached Image
Hello World!
  • #14,670
  • Aug 18, 2014 10:08pm Aug 18, 2014 10:08pm
Quoting ClockTrader
Added 2 longs (against 6 active shorts) Net Position now: 4 shorts Logic: Completely out of logic, working on hunch. VSA bars too confusing to conclude anything.. Additionally, applied SL on these shorts using DCB (see att.), might apply BE SL on shorts lying @ 1307 later.... {image}
Added 2 more longs on the same lines..

NET: 2 shorts..
Hello World!
  • #14,671
  • Aug 18, 2014 10:30pm Aug 18, 2014 10:30pm
Getting a feel good factor about +ve SL on shorts lying in the vicinity..

IF price climbs, I'll apply nice & clean SL on longs.

THUS, IF there is too much volatility, longs & shorts shall close mitigating risk.

DOWNSIDE: I'll have to watch the price whole day long and act carefully in the US session.
Attached Image
Hello World!
  • #14,672
  • Aug 18, 2014 11:01pm Aug 18, 2014 11:01pm
Quoting ClockTrader
Getting a feel good factor about +ve SL on shorts lying in the vicinity.. IF price climbs, I'll apply nice & clean SL on longs. THUS, IF there is too much volatility, longs & shorts shall close mitigating risk. DOWNSIDE: I'll have to watch the price whole day long and act carefully in the US session. {image}
Still total of 4 longs on my side, as per my chart last night.
SL's at a conservative 1305, taking into consideration the support of 1306 area.

Been reading up on VSA, taking my time to digest the posts on sonic R on VSA, lets see where this journey takes me
  • #14,673
  • Aug 18, 2014 11:02pm Aug 18, 2014 11:02pm
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  • #14,674
  • Aug 18, 2014 11:26pm Aug 18, 2014 11:26pm
Possible hidden divergence on my H1 chart for a down leg, but anticipating a big candle either up/down, this 2 days.
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The only winner is the one who survive the longest...
  • #14,675
  • Aug 18, 2014 11:46pm Aug 18, 2014 11:46pm
I believe its too early to product buy or sell until Us market is on.
however am too bull on gold and it will beat 1308. Imo only
  • #14,676
  • Aug 19, 2014 12:06am Aug 19, 2014 12:06am
Quoting froglicker
{quote} Still total of 4 longs on my side, as per my chart last night. SL's at a conservative 1305, taking into consideration the support of 1306 area. Been reading up on VSA, taking my time to digest the posts on sonic R on VSA, lets see where this journey takes me
I didn't get ya mate. You got 4 longs? Howcome SL @ 1305? this must be TP, rt?

Current Price is @ 1299
Hello World!
  • #14,677
  • Aug 19, 2014 12:22am Aug 19, 2014 12:22am
Quoting ClockTrader
{quote} I didn't get ya mate. You got 4 longs? Howcome SL @ 1305? this must be TP, rt? Current Price is @ 1299
woops, sorry there. Swamped with a tad too much work, got my numbers mixed.
SL 1295, in anticipation to resistance at 1296.
1305's my TP, may close early depending on the price..
  • #14,678
  • Aug 19, 2014 12:51am Aug 19, 2014 12:51am
Quoting froglicker
{quote} woops, sorry there. Swamped with a tad too much work, got my numbers mixed. SL 1295, in anticipation to resistance at 1296. 1305's my TP, may close early depending on the price..
:-)
Hello World!
  • #14,679
  • Aug 19, 2014 12:52am Aug 19, 2014 12:52am
Quoting froglicker
{quote} woops, sorry there. Swamped with a tad too much work, got my numbers mixed. SL 1295, in anticipation to resistance at 1296. 1305's my TP, may close early depending on the price..
You'l be right. Should make 1306..
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  • #14,680
  • Aug 19, 2014 1:23am Aug 19, 2014 1:23am
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