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  • #16,881
  • Oct 1, 2014 11:26pm Oct 1, 2014 11:26pm
bad data coming from usa, this thing is going to explode to the upside $1260 at least, anyway long term target look $1090
  • #16,882
  • Oct 1, 2014 11:28pm Oct 1, 2014 11:28pm
Quoting acidguy
bad data coming from usa, this thing is going to explode to the upside $1260 at least, anyway long term target look $1090
What's that bad data?
  • #16,883
  • Oct 1, 2014 11:29pm Oct 1, 2014 11:29pm
Quoting actorial
Bear should be coming home to sit for awhile more. Market is like over bought in so many TF I believe the spike up just now is to sweep small time sellers. 1205 will be an intresting line to look at now. IMHO
Including weekly? When a correction finally happens it normally wont concern itself with st tf's and instead will become an indicator of trend imo.


But yah this is prob just an opportunity to sell the rally.
As the lights go by so too do the shadows move
  • #16,884
  • Oct 1, 2014 11:32pm Oct 1, 2014 11:32pm
Quoting Matts Micro
{quote} Snap {image}
Cup and Holder pattern ? means Going UP ?
  • #16,885
  • Oct 1, 2014 11:53pm Oct 1, 2014 11:53pm
Quoting ffmklee
{quote} Cup and Holder pattern ? means Going UP ?

http://www.investopedia.com/universi...#axzz1ffsgS5Hn
As the lights go by so too do the shadows move
  • #16,886
  • Oct 2, 2014 12:31am Oct 2, 2014 12:31am
Still bearish
  • #16,887
  • Oct 2, 2014 12:32am Oct 2, 2014 12:32am
Price showing reversal to go back down again from the Weekly Pivot level ($1219.74)..
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1 - Todays Position.png Size: 40 KB
  • #16,888
  • Oct 2, 2014 12:41am Oct 2, 2014 12:41am
Should make new high for today from here imo.
As the lights go by so too do the shadows move
  • #16,889
  • Oct 2, 2014 12:57am Oct 2, 2014 12:57am
Quoting Matts Micro
Should make new high for today from here imo.
Confused atm, EU is out of sync.
As the lights go by so too do the shadows move
  • #16,890
  • Oct 2, 2014 1:02am Oct 2, 2014 1:02am
I do not think cup and handle is valid as it need a uptrend movement, form a Cup and handle, continue to move upward.

We shall see.....
  • #16,891
  • Oct 2, 2014 1:06am Oct 2, 2014 1:06am
Quoting actorial
I do not think cup and handle is valid as it need a uptrend movement, form a Cup and handle, continue to move upward. We shall see.....
The BO from the C&H is over and done with over 60 pip move. It can continue into the trend however.
As the lights go by so too do the shadows move
  • #16,892
  • Oct 2, 2014 1:14am Oct 2, 2014 1:14am
Quoting Matts Micro
{quote} Confused atm, EU is out of sync.
Trust in Frankie to destroy any good TA. The spike on EU etc earlier looks like a stop hunt and is now on way back down.
As the lights go by so too do the shadows move
  • #16,893
  • Oct 2, 2014 1:47am Oct 2, 2014 1:47am
Quoting Spec_And
{quote} And gold is barely higher even though SPX got hammered... Fund managers probably took this opportunity to sell gold to buy more stocks on the dip. I will agree that today's price action (for gold) looks constructive, at least the pumps are not getting dumped immediately now, but gold is still in a down trend... might be worth taking a very small long with a tight SL... I can't be arsed to trade gold now though, its too slow and choppy, the opportunities are all in the stock indexes now.

youre right, this is indeed highly suspicious behavior...

it really makes me think that we may be lined up for a 15% correction in SPX... first time in a long time...
either that or the floor is about to fall out from under gold and we drop to 900

dunno which is more likely... but considering the internals of the equity markets, combined with all the macro/geopolitical overlays, i think the former...
anyway, I guess we will know soon enough
90% of people, are wrong about 90% of everything, 90% of the time...
  • #16,894
  • Oct 2, 2014 1:48am Oct 2, 2014 1:48am
Hang on tight boys and girls.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDhrl.jpg Size: 231 KB
  • #16,895
  • Oct 2, 2014 1:53am Oct 2, 2014 1:53am
Really look forward for Gold to break downwards now.....

A double top and crossed 1218.

previous Head and shoulder was ignored totally although it form very nicely.

15mins chart

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 40 KB
  • #16,896
  • Oct 2, 2014 2:03am Oct 2, 2014 2:03am
critical level
H1
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD H1 10.2.14.png Size: 31 KB
90% of people, are wrong about 90% of everything, 90% of the time...
  • #16,897
  • Oct 2, 2014 2:19am Oct 2, 2014 2:19am
Quoting Matts Micro
This is the hrly UJ pattern I mentioned, currently on a knifes edge atm. UJ hit a well document high today of 110 and though many (almost all I think) believe it will go higher it could be an excuse for a decent pullback. The 1 day correlation on myfxbook currently stands at -98.3% so is worth watching imo. {image}
(UJ)
This is pretty well what I was expecting. Could see a pullback to BO TL, likely with HH's. ECB and NFP upcoming so....
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd #54 (UJ).png Size: 62 KB
As the lights go by so too do the shadows move
  • #16,898
  • Oct 2, 2014 2:54am Oct 2, 2014 2:54am
Quoting wibie g
Price showing reversal to go back down again from the Weekly Pivot level ($1219.74).. {image}
And it came down quite strongly from the Pivot apparently...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1 - Todays Position.png Size: 39 KB
  • #16,899
  • Oct 2, 2014 3:16am Oct 2, 2014 3:16am
Good Afternoon folks. was a bit busy and was not able to spend some time on this thread and on forex.

Today opened my day with a fresh 6$ Green till now. Hope to see some more by end of this day.
  • #16,900
  • Oct 2, 2014 3:25am Oct 2, 2014 3:25am
1223-1224 is the line I'm looking at to start building a short position again. Thoughts?
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