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  • #14,741
  • Aug 19, 2014 8:42pm Aug 19, 2014 8:42pm
fridays support was 1295.69
mondays was 1297.04

tuesdays was 1294.65

todays 1294.23

thursdays 1297.77 or higher depent on todays high

so todays support is the last declining support for gold,support will start rising and gold must stay above it,breaking it doesnt make sense,would raise the quastion of why breaking the daily resistance last week!! every trend has its flavor,and this one has its own ...gold now 1295.61......i give $3.5 for a certain clear break of any daily sup or res.
  • #14,742
  • Aug 19, 2014 9:08pm Aug 19, 2014 9:08pm
Quoting andexQ
{quote} Yes I say so (lower than 1295.18).. Why ? Because seller/supply still dominating gold without apparent interest from buyer/demand. Even at 1292 seller will still want to push lower, any up-move should be considered as reaction.

One more leg down on H4 before actual bottom on Daily to occur.. just my opinion.
  • #14,743
  • Aug 19, 2014 9:27pm Aug 19, 2014 9:27pm
Quoting wafiqsalameh
fridays support was 1295.69 mondays was 1297.04 tuesdays was 1294.65 todays 1294.23 thursdays 1297.77 or higher depent on todays high so todays support is the last declining support for gold,support will start rising and gold must stay above it,breaking it doesnt make sense,would raise the quastion of why breaking the daily resistance last week!! every trend has its flavor,and this one has its own ...gold now 1295.61......i give $3.5 for a certain clear break of any daily sup or res.
Better post
We'll whip you into fitness yet hehe.


The blue lines are key imo. A closed hourly break of any of these blue lines should confirm at the bare minimum a st trend but with likelihood of longer term consequences.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd #37.png Size: 70 KB
As the lights go by so too do the shadows move
  • #14,744
  • Aug 19, 2014 10:02pm Aug 19, 2014 10:02pm
A nice storm is possible before this weekend, maybe around FOMC.. I'll stay prepared....

42 longs
42 shorts
NET: NULL

view remains same as yest.. will trade safe....
Attached Image
Hello World!
  • #14,745
  • Aug 19, 2014 10:31pm Aug 19, 2014 10:31pm
Quoting ClockTrader
{quote} IF this has not bottomed out already, I expect this to bottom out in the 70ish - 80ish area latest by next weekend.
blew 4 longs, last night, seems support at 1296 didnt hold. Oh well, its a new day, new trades to be made.You win some you lose some.all that matters is what you have at the end of the month
  • #14,746
  • Aug 19, 2014 11:25pm Aug 19, 2014 11:25pm
Quoting froglicker
{quote} blew 4 longs, last night, seems support at 1296 didnt hold. Oh well, its a new day, new trades to be made.You win some you lose some.all that matters is what you have at the end of the month
Eagerly awaiting a bottom-out, most likely Thu and Fri shall be stormy. Once I see a possible bottom, I would like to buy (invest).
Hello World!
  • #14,747
  • Aug 19, 2014 11:38pm Aug 19, 2014 11:38pm
Hi CT,

Any VSA reading form your side today?
  • #14,748
  • Aug 20, 2014 12:27am Aug 20, 2014 12:27am
Quoting derict
Hi CT, Any VSA reading form your side today?
There was a bottom out on M30 (VSA) during the last US session, not a huge bar, but looks good. When Gold is falling badly, such bottom outs don't make any sense, yet a bounce cannot be ruled out.

Using Daily Clock Band (DCB), if 1289-91 can sustain a bounce is very much possible. BUT, thereafter, like I said earlier, stormy sessions on Thu-Fri are what I'm looking forward to..

I badly want a bottom-out, which means further downside.

I would like to trade safe for rest of the week, like sit on sidelines... maybe take a couple of longs with SL @ 1289-91
Hello World!
  • #14,749
  • Aug 20, 2014 12:33am Aug 20, 2014 12:33am
Quoting froglicker
{quote} blew 4 longs, last night, seems support at 1296 didnt hold. Oh well, its a new day, new trades to be made.You win some you lose some.all that matters is what you have at the end of the month
Even if a trader went into loss at the end of month, its alright IF

 

  1. He lost only pocket money (not much)
  2. He learnt from his mistakes and there were huge improvements in this trades.

Hello World!
  • #14,750
  • Aug 20, 2014 1:26am Aug 20, 2014 1:26am
Quoting ClockTrader
{quote} There was a bottom out on M30 (VSA) during the last US session, not a huge bar, but looks good. When Gold is falling badly, such bottom outs don't make any sense, yet a bounce cannot be ruled out. Using Daily Clock Band (DCB), if 1289-91 can sustain a bounce is very much possible. BUT, thereafter, like I said earlier, stormy sessions on Thu-Fri are what I'm looking forward to.. I badly want a bottom-out, which means further downside. I would like to trade safe for rest of the week, like sit on sidelines... maybe take a couple of longs with...
good morninig green day for all
Pivot: 1310

Analysis: Short positions below 1310 with targets @ 1292 & 1287.7 in extension.

Alternative scenario: Above 1310 look for further upside with 1317.5 & 1322.7 as targets.

Comment: A break below 1292 would trigger a drop towards 1287.7.

http://www.tradingcentral.com/newsletter/spacer10.gif http://www.tradingcentral.com/chart/...0820070504.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
  • #14,751
  • Aug 20, 2014 1:29am Aug 20, 2014 1:29am
Quoting verdisol
{quote} good morninig green day for all Pivot: 1310 Analysis: Short positions below 1310 with targets @ 1292 & 1287.7 in extension. Alternative scenario: Above 1310 look for further upside with 1317.5 & 1322.7 as targets. Comment: A break below 1292 would trigger a drop towards 1287.7. {image} {image} Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
Hello..from were You have this picture??
Same picture is sending to me..broker from Poland...XTB
  • #14,752
  • Aug 20, 2014 1:34am Aug 20, 2014 1:34am
Quoting capetown
{quote} Hello..from were You have this picture?? Same picture is sending to me..broker from Poland...XTB
I receive similar image (view) daily from Avatrade
Hello World!
  • #14,753
  • Aug 20, 2014 1:36am Aug 20, 2014 1:36am
Quoting ClockTrader
{quote} I receive similar image (view) daily from Avatrade
I have it from XTB Slovakia maybe some analyst makes it and they buy it from them...
  • #14,754
  • Aug 20, 2014 1:43am Aug 20, 2014 1:43am
all comes from TradingCentral..company of Trading analyses
  • #14,755
  • Aug 20, 2014 1:44am Aug 20, 2014 1:44am
Quoting capetown
{quote} I have it from XTB Slovakia maybe some analyst makes it and they buy it from them...
I find this analysis very bad, let price go up, the view will say buy buy buy

let the price fall, it'll start saying Sell, Sell

Does that make any sense?

The view tries to follow a trend on H1, thats it.

I wonder why brokers send such poor analysis to tens of thousands of their customers.

Maybe brokers are just concerned about the commission they make, all they want to see is people trading, loss or win, they don't care.

Now this reminds me Leonardo's movie "wolf of wall street"
Hello World!
  • #14,756
  • Aug 20, 2014 1:45am Aug 20, 2014 1:45am
Quoting capetown
{quote} Hello..from were You have this picture?? Same picture is sending to me..broker from Poland...XTB
Agora ,..http://www.tradingcentral.com/newsle.../logo_gkfx.pngDaily Technical Levels
all times learnning
  • #14,757
  • Aug 20, 2014 1:54am Aug 20, 2014 1:54am
Quoting ClockTrader
{quote} Even if a trader went into loss at the end of month, its alright IF He lost only pocket money (not much) He learnt from his mistakes and there were huge improvements in this trades.
hmm.
guess i will have to reevaluate my mindset, i think?
however, what I have in my account now is some spare money I could and would have otherwise blew on other non-educational things. The pips blew last night was house money, so I still have my capital. And I do analyze where I went wrong, be it a flimsy support i was clinging onto or reluctant to TP while I'm ahead. I guess last night was the latter, due to the fact I was reluctant to TP, trying to keep to my initial analysis. Pride, maybe?
I do still have a lot to learn from everyone here, and its been great so far!
  • #14,758
  • Aug 20, 2014 1:59am Aug 20, 2014 1:59am
My best wishes are with you mate!

Quoting froglicker
{quote} hmm. guess i will have to reevaluate my mindset, i think? however, what I have in my account now is some spare money I could and would have otherwise blew on other non-educational things. The pips blew last night was house money, so I still have my capital. And I do analyze where I went wrong, be it a flimsy support i was clinging onto or reluctant to TP while I'm ahead. I guess last night was the latter, due to the fact I was reluctant to TP, trying to keep to my initial analysis. Pride, maybe? I do still have a lot to learn from everyone...
Hello World!
  • #14,759
  • Aug 20, 2014 2:01am Aug 20, 2014 2:01am
Standard Bank SA - G10 Daily 20140820
Attached File(s)
File Type: pdf G10_Daily_20140820_061527547.pdf   82 KB | 537 downloads
  • #14,760
  • Aug 20, 2014 2:48am Aug 20, 2014 2:48am
Quoting ClockTrader
{quote} maybe take a couple of longs with SL @ 1289-91
took 1 long @ 1294 with SL @ 1289

Logic: bottom out on M30 (VSA)
Hello World!
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