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  • #17,181
  • Oct 8, 2014 4:00am Oct 8, 2014 4:00am
Quoting ClockTrader
{quote} Its climbing at a dead slow rate. IF I go by VVSA patterns, previous small peakouts would get invalidated once price reaches 1224 zone, IF it does. IF 1225 zone is yet to be captured, that also means we got a peakout pending. I hope this is a good hint of what I'm trying to say.
totaly agree mate it could clime more and it could reach the zone of 1265 to 1285

as up coming move target where its lower retracment high than the high before on weekly chart that could confirm the down trend triangle that would give a push back to test the low again and could break it to reach the 1100 1040 zone
if that happen and price found a low there that would be the end of the 4th wave from there there wont be any place for short where the coming wave after would be over the 1930 indeed
look at this chart made it fast for everyone i need to stepout ill back later on
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Senior Trader Multi-Account Manager
  • #17,182
  • Oct 8, 2014 4:04am Oct 8, 2014 4:04am
Quoting lorix
{quote} totaly agree mate it could clime more and it could reach the zone of 1265 to 1285 as up coming move target where its lower retracment high than the high before on weekly chart that could confirm the down trend triangle that would give a push back to test the low again and could break it to reach the 1100 1040 zone if that happen and price found a low there that would be the end of the 4th wave from there there wont be any place for short where the coming wave after would be over the 1930 indeed look at this chart made it fast for everyone...
1265-85 is too far for now, didn't mean that, not this week IMHO
Hello World!
  • #17,183
  • Oct 8, 2014 4:05am Oct 8, 2014 4:05am
Quoting Hunterrus
Situation: Price touched lower level of a sell zone which is still actual (1220-1217) Sold there with 5 lots (Yesterday sell limit) and made a new sell limit at 1219 with 1 lot Stops are 1223-1222; possible TP is at 1206-1207 for both (yesterdays buy zone) - but still need to look at the reaction of PRICE at these levels http://www.forexfactory.com/showthre...00#post7787300
As far as VSA is concerned, don't see a single reason why you would sell @ 1220

You should have waited for peakout, IMHO.
Hello World!
  • #17,184
  • Oct 8, 2014 4:08am Oct 8, 2014 4:08am
Quoting ClockTrader
{quote} As far as VSA is concerned, don't see a single reason why you would sell @ 1220 You should have waited for peakout, IMHO.
I sell on the third touch of this sell zone (1220-1217) - risky but there is some potential for sellers before the next ride UP! no need to wait for peak outs or smth. IMHO

Inserted Video


P.S> Smart is down today
Gold Annihilation System
  • #17,185
  • Oct 8, 2014 4:18am Oct 8, 2014 4:18am
Quoting Landline
Entered my initial long (small position) @1193.82.... let the game commence for me at least
Hi all,

A brief update where I'm at.....My inital entry position in tact still and I see no reason to change my view as bull power seems to be kicking in, but not yet in full flow imo.

I now plan to add a further larger long position however on the next pullback I see on the daily close, with an appropriate stop and partial take profit level as usual.

Nothing need be overly complicated and overly thought I think,.....main s@r (value zones) are basically the key for me along with a little bit of patience thrown in to give the trade a chance. News is of minimal interest to me and in fact nothing more than a distraction when trading daily t/f and above (apart from NFP), because as I've mentioned before, price is what matters nothing else, and any news during the day is captured by the daily candle, but I guess ultimately we all see it differently.

Enough for now, I'll post when I see the next logical add on entry for me, soon I'd anticipate

G/L
  • #17,186
  • Oct 8, 2014 4:22am Oct 8, 2014 4:22am
I would not short at this point my view this has now pushed into a cycle of correction from the fall from 1393 to 1183. This month the strategy would be to buy the dips .
  • #17,187
  • Oct 8, 2014 4:28am Oct 8, 2014 4:28am
Quoting rythmrig
I would not short at this point my view this has now pushed into a cycle of correction from the fall from 1393 to 1183. This month the strategy would be to buy the dips .
RIGHT
Gold Annihilation System
  • #17,188
  • Oct 8, 2014 4:33am Oct 8, 2014 4:33am
Quoting ClockTrader
{quote} This is the very nature of large seasonal waves, when falling, they won't give you an easy peak to short from and vice versa. My shorts been blowing, of course in green when aggregated. First set at 1215, second set @ 1217 and third set @ 1218. One big set will blow @ 1220, this one again in green (aggregate). I've been using these shorts like an insurance against my longs. The biggest challenge in going long for short or long term would be the multi-year bear phase we are going through. One could invest, invest and invest no matter how...
What are "seasonal waves"?

Imo gold's price behaviour has changed in the past few months, I have traded this for about 2 years and it was never this "grindy". Like crude oil, large moves in gold are almost always "algo slams" and large price bars, it very rarely grinds up or down for very long on any given day, much less weeks like what we are seeing now. Not too sure what caused this to changed, might have something to do with the proposal to get rid of the london fix and hedge funds getting out of gold (less players = less large moves).

Whatever it is this is very difficult to trade now, I get far more opportunities trading the DAX and SPX.
"Where you want to be is always in control, never wishing, always trading.
  • #17,189
  • Oct 8, 2014 4:35am Oct 8, 2014 4:35am
Quoting rythmrig
I would not short at this point my view this has now pushed into a cycle of correction from the fall from 1393 to 1183. This month the strategy would be to buy the dips .
Except that there are no dips to buy...
"Where you want to be is always in control, never wishing, always trading.
  • #17,190
  • Oct 8, 2014 4:37am Oct 8, 2014 4:37am
Quoting lorix
{quote} may price extend to 1224 zone from there ill add more shorts
1224 is where I start to short (see my previous post from Monday)
  • #17,191
  • Oct 8, 2014 4:37am Oct 8, 2014 4:37am
Quoting Landline
{quote} Hi all, A brief update where I'm at.....My inital entry position in tact still and I see no reason to change my view as bull power seems to be kicking in, but not yet in full flow imo. I now plan to add a further larger long position however on the next pullback I see on the daily close, with an appropriate stop and partial take profit level as usual. Nothing need be overly complicated and overly thought I think,.....main s@r ("s@r") (value zones) are basically the key for me along with a little bit of patience thrown in to give the trade...
Thats a very good entry, well done!
"Where you want to be is always in control, never wishing, always trading.
  • #17,192
  • Oct 8, 2014 4:37am Oct 8, 2014 4:37am
Interested to see how PA reacts between $1222-1231
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To live a successful life, we must lose our fear of being wrong
  • #17,193
  • Oct 8, 2014 4:42am Oct 8, 2014 4:42am
The gold price maybe affect by us index market, index drop around1.4%
  • #17,194
  • Oct 8, 2014 4:45am Oct 8, 2014 4:45am
next important level for now is 1222.. breaking out from this level the way it has crawled up today will assure that this rally will reach 1240 atleast,, from that point onward i will revise my view depending on the PA there.. sticking to long for now.. but i do have shorts to manage the floating i was carrying with longs.. one is now in red i missed out on closing it.. a penalty paid for leaving the market without green sl set.. but the other one in dark green.. i will keep it till i see a breakout of 1240..
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  • #17,195
  • Oct 8, 2014 5:28am Oct 8, 2014 5:28am
Quoting haider13
next important level for now is 1222.. breaking out from this level the way it has crawled up today will assure that this rally will reach 1240 atleast,, from that point onward i will revise my view depending on the PA there.. sticking to long for now.. but i do have shorts to manage the floating i was carrying with longs.. one is now in red i missed out on closing it.. a penalty paid for leaving the market without green sl set.. but the other one in dark green.. i will keep it till i see a breakout of 1240.. {image}
1233-37 FOMC ride down - supply there
Gold Annihilation System
  • #17,196
  • Oct 8, 2014 5:33am Oct 8, 2014 5:33am
Caught the bottom of this from Mondays low, looking to buy some more, I think this could be the move of the year if the bulls keep drinking.
  • #17,197
  • Oct 8, 2014 5:36am Oct 8, 2014 5:36am
hav 7 short of these = http://screencast.com/t/BzSdOIkG2S
  • #17,198
  • Oct 8, 2014 5:39am Oct 8, 2014 5:39am
Quoting Hunterrus
{quote} 1233-37 FOMC ride down - supply there
=======

= why u still on fking Demo ? ! ?
  • #17,199
  • Oct 8, 2014 5:45am Oct 8, 2014 5:45am
Quoting pips777
{quote} ======= = why u still on fking Demo ? ! ?
I've been doing this system for almost a year, now I am sure it is good, all happens in required time! waiting for the investor =)))
Gold Annihilation System
  • #17,200
  • Oct 8, 2014 5:52am Oct 8, 2014 5:52am
Quoting Hunterrus
{quote} I've been doing this system for almost a year, now I am sure it is good, all happens in required time! waiting for the investor =)))
=======

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