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  • #16,661
  • Sep 26, 2014 11:06am Sep 26, 2014 11:06am
I've been expecting a reversal in trend around this day. I hope Bulls take charge next week. Monday may go zigzag, up and down as usual, yet, I feel Bears are pretty much done.

I hope nice Bull show takes place during next 4 - 8 weeks. At this point I give up hope of 1450 and levels like 1300-1350 would suffice. Wish you all a great weekend!
Hello World!
  • #16,662
  • Sep 26, 2014 11:13am Sep 26, 2014 11:13am
Quoting ClockTrader
I've been expecting a reversal in trend around this day. I hope Bulls take charge next week. Monday may go zigzag, up and down as usual, yet, I feel Bears are pretty much done. I hope nice Bull show takes place during next 4 - 8 weeks. At this point I give up hope of 1450 and levels like 1300-1350 would suffice. Wish you all a great weekend!
Care to share your reasons as to why bears are pretty much done?

My view is slightly different I expect 1200 to say byebye by next week.
  • #16,663
  • Sep 26, 2014 12:16pm Sep 26, 2014 12:16pm
Quoting theDHT
{quote} dude, i hope thats a typo, and there are supposed to be some zeros at the end of that number!!! you cant even pay the electric + internet bill with that number you posted!!
I said more than 30$. Can be anything depending on account size and risk taken.
  • #16,664
  • Sep 26, 2014 12:24pm Sep 26, 2014 12:24pm
Quoting eugenyk
{quote} why not? if his account is not big enough, it is better to earn less then loose more!

Well that is the point that i was also talking about. i wanted to just conclude that i am a small investor and was earning less profits. I specifically mentioned this point because one of member was asking me if that 8 to 10$ per day is sufficient for me or not. I dont want to specify his name. But had just replied him saying like thats enough for my extra expenditures.

The best thing is i used to be a noob when i just entered this thread. Most of them were asking me to learn before taking risk against XAU.
At the same time, most of them helped me in replying to the silly questions that i have posted. I was happy to say that i earned 230$ this month with all the upto date analysis by senior members. All that is only from XAU/USD pair and no other pair was traded this month completely. In my view till now thats a hell lot of money that i earned in a month.
Looking to learn more professional skills.

A special thanks to ClockTrader, lorix, theDHT and FX_Anil
  • #16,665
  • Sep 26, 2014 1:25pm Sep 26, 2014 1:25pm
i see many of you expecting gold to go up, but i am still bearish and expects it to go down further by next week.
  • #16,666
  • Sep 26, 2014 1:36pm Sep 26, 2014 1:36pm
Well said AnilLonely end is already quite positive. But it seems that we are surrounded by SuperStarTraders. forward
Belive & Achieve
  • #16,667
  • Sep 26, 2014 3:28pm Sep 26, 2014 3:28pm
Quoting TemplarFx
Well said AnilLonely end is already quite positive. But it seems that we are surrounded by SuperStarTraders. forward
Thanks
  • #16,668
  • Sep 26, 2014 3:41pm Sep 26, 2014 3:41pm
I am thankful to ClockTrader for sharing very helpful things here and taking care of this interesting community he started. I am also thankful for all the others that share from their experience and knowledge. ClockTrader and the others make me enjoy trading real money in spite of my ignorance and lack of skills. I keep a low profile and listen to the experienced ones. Trading will make me a rich man. Later I may have something helpful to share. I hope you all will have a happy weekend. God bless you all.
  • #16,669
  • Sep 26, 2014 5:54pm Sep 26, 2014 5:54pm
Yeah have a nice weekend guys. I will follow this thread and from time to time I will post my view too. Good mature discussion here love it. Peace
  • #16,670
  • Sep 27, 2014 12:28am Sep 27, 2014 12:28am
Quoting Lolaso
{quote} Care to share your reasons as to why bears are pretty much done? My view is slightly different I expect 1200 to say byebye by next week.
I've been talking about this whole month and been explaining why, IMHO here it is once again..

 

  1. Seasons
  2. Seasonal Patterns

Attached Image(s) (click to enlarge)
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Attached Image
Hello World!
  • #16,671
  • Sep 27, 2014 4:38am Sep 27, 2014 4:38am
Quoting ClockTrader
{quote} I've been talking about this whole month and been explaining why, IMHO here it is once again.. Seasons Seasonal Patterns {image}
If we look at the 'Gold Seasonal 30 Years', specifically the trend in month September, it goes up strongly. But we see big fall instead in September 2014 so far. How should we as traders understand & respond to that CT? Kindly advise please.

Thanks.
  • #16,672
  • Sep 27, 2014 6:01am Sep 27, 2014 6:01am
Quoting wibie g
{quote} If we look at the 'Gold Seasonal 30 Years', specifically the trend in month September, it goes up strongly. But we see big fall instead in September 2014 so far. How should we as traders understand & respond to that CT? Kindly advise please. Thanks.
Before I say anything, I would like to clarify that I am a Gold bull and I am not here to make anyone uncomfortable.

If you notice, it may be true that January is higher than June. But if you look closely, we have fresh lows from 1900 highs. Not only that, 2013 June was a huge bear. Yes it was followed up with a move up but that was no bullish move. January 2014 ended lower. This would probably be the first time (as far as I can tell from his charts) that January closed below June. Seeing as we retraced this much from 1900 and broke through some big support levels, this down move could very well continue.

Again I emphasize I am a Gold bull. But I am not going to put words like "I expect..", "I think.." or "I hope..". It is doing what it is doing. I wish everyone all the best in trading the next week and weeks after.
A 1 pip gain is better than a 1 pip loss.
  • #16,673
  • Sep 27, 2014 8:31am Sep 27, 2014 8:31am
Quoting AnilLonely
{quote} Well that is the point that i was also talking about. i wanted to just conclude that i am a small investor and was earning less profits. I specifically mentioned this point because one of member was asking me if that 8 to 10$ per day is sufficient for me or not. I dont want to specify his name. But had just replied him saying like thats enough for my extra expenditures. The best thing is i used to be a noob when i just entered this thread. Most of them were asking me to learn before taking risk against XAU. At the same time, most of them...

hey man, i meant no disrespect! do whatever works for ya...

cheers
90% of people, are wrong about 90% of everything, 90% of the time...
  • #16,674
  • Sep 27, 2014 8:57am Sep 27, 2014 8:57am
Quoting theDHT
{quote} hey man, i meant no disrespect! do whatever works for ya... cheers
I didn't misunderstood you. As topic came i just revealed this point, nothing other than that.

What ever some experts say that may be true. The first thing that i learnt form this forum is " Not to follow even if some expert advises you, i should do my analysis and ask the experts if i am on the track or not.

By the way have a gr8 weekend
  • #16,675
  • Sep 27, 2014 9:32am Sep 27, 2014 9:32am
To me the Trend is clearly down, so i'm posting Gold's chart which includes its close companion Silver to speak for themselves.

Attached Image
  • #16,676
  • Sep 27, 2014 10:30am Sep 27, 2014 10:30am
every little bit helps. article discusses gold-based nanostructure that provides light-gathering enhancement for any photovoltaic cell, increasing efficiency by 10%. 10% does not sound like very much but is in fact a monstrous step up. Apparently, this use of gold might find its way into ubiquity in solar cell manufacture, not literally overnight, but yes virtually overnight....

http://phys.org/news/2014-09-scienti...ower-gold.html
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,677
  • Sep 27, 2014 3:13pm Sep 27, 2014 3:13pm
My Idea
Attached Image (click to enlarge)
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Ro IMRAN Ro
  • #16,678
  • Sep 28, 2014 3:17am Sep 28, 2014 3:17am
Quoting AnilLonely
{quote} I didn't misunderstood you. As topic came i just revealed this point, nothing other than that. What ever some experts say that may be true. The first thing that i learnt form this forum is " Not to follow even if some expert advises you, i should do my analysis and ask the experts if i am on the track or not. By the way have a gr8 weekend

this is true in all things... especially trading...
you must own your own ideas, and win or lose by your own hand...

have a good weekend
90% of people, are wrong about 90% of everything, 90% of the time...
  • #16,679
  • Edited 8:04am Sep 28, 2014 5:18am | Edited 8:04am
Hi, this is what Im seeing in GOLD... so I thought I might share my views, I hope some folks find it useful... cheers!

Gold Composite View

Summary: While prices may break to the upside from here, GOLD remains in a down trend in the longer term. Theres no point trying to catch a falling knife, selling pressure has been strong, and the down move has momentum behind it. Therefore, I suggest waiting for a confirmation of the reversal, before committing to a countertrend position.
As always, keep eyes on other instruments/asset classes for confirmation of the direction of GOLD. Specifically JPY, JGB's (10yr), ES & UST's (10yr)

Weekly

  1. Price is in a clear downtrend
  2. Current price has taken out June lows, suggesting further downside in the medium/longer term
  3. Confluence of Fib levels, Time Cycles and other studies suggests that there may be institutional/smart money buyers at the current levels

Daily

  1. Time pivot suggests that a short term bottom was due on/around the 24th of September
  2. The next time pivots occur in mid/late october and may coincide with a major swing high
  3. Upside will likely be contained by retracement levels / breakout targets of the current swing

Hourly

  1. Potential 5 point reversal pattern is in the making
  2. Wait till pattern is confirmed or invalidated before committing

Charts:
Weekly

Attached Image (click to enlarge)
Click to Enlarge Name: GOLD Weekly 9.28.14.png Size: 64 KB


Daily
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD Daily 9.28.14.png Size: 64 KB


Hourly
Attached Image (click to enlarge)
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90% of people, are wrong about 90% of everything, 90% of the time...
  • #16,680
  • Edited 5:04pm Sep 28, 2014 8:19am | Edited 5:04pm
Quoting AnilLonely
{quote} Well that is the point that i was also talking about. i wanted to just conclude that i am a small investor and was earning less profits. I specifically mentioned this point because one of member was asking me if that 8 to 10$ per day is sufficient for me or not. I dont want to specify his name. But had just replied him saying like thats enough for my extra expenditures. The best thing is i used to be a noob when i just entered this thread. Most of them were asking me to learn before taking risk against XAU. At the same time, most of them...
You are welcome hope ull start a career full of success (",)
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