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  • #17,741
  • Oct 19, 2014 2:04am Oct 19, 2014 2:04am
Quoting griffinssoul
{quote} There were 8 win and 3 lose for the engulfing pattern that I counted on the 1W TF going back a number of years. The ecstasy of Gold, "There are two types of people in this world my friend, those with loaded guns and those that dig, you dig." {image}
Totally agree.
  • #17,742
  • Oct 19, 2014 2:30am Oct 19, 2014 2:30am
Quoting ArchStanton
{quote} Totally agree.
Many thanks for the confirmation ArchStanton - "Unk, unk, it's got No Name on it?"
  • #17,743
  • Oct 19, 2014 2:49am Oct 19, 2014 2:49am
Calls without analysis don't help anyone whereas a post with analysis + chart could enlighten (help) someone. This is a place where we share / contribute & socialize.

We come here to help each other, don't we? Lets keep the essence of this thread alive. Even one analysis a day and then you can refer to it several times would help.
Hello World!
  • #17,744
  • Oct 19, 2014 3:17am Oct 19, 2014 3:17am
Quoting griffinssoul
{quote} Hi Mave, thanks for commenting on your concept. I'm wondering how that works? Do we need to know which broker this happens with or does it happen to every broker (equally and at the same time?)? What are the implications if it doesn't happen equally across brokers? That is, is this a broker dependent method? If it is then does this mean only traders with that broker will have privileged information over those who don't? This is interesting and I would appreciate further information.Thanks!
Do you really trade? This is a serious question. Besides that you didn't even read the reply completely because i can't say what is wrong with your understanding of the market with that reply when every question you asked can be answered if you think for a minute.One thing you're right about is people do have privileged info. and previous week was market maker's week.
A trade should be based on an assumption based on facts
  • #17,745
  • Oct 19, 2014 3:23am Oct 19, 2014 3:23am
Quoting ClockTrader
Calls without analysis don't help anyone whereas a post with analysis + chart could enlighten (help) someone. This is a place where we share / contribute & socialize. We come here to help each other, don't we? Lets keep the essence of this thread alive. Even one analysis a day and then you can refer to it several times would help.
CT, it is an observation and you can understand why market makers push the price up or down. But it is an observation is what it really is, also it comes true everytime. That is why i said "for what its worth" . One would have to check orsoemhing a lot of charts to find such instances to see what happens next.
A trade should be based on an assumption based on facts
  • #17,746
  • Oct 19, 2014 6:12am Oct 19, 2014 6:12am
Quoting Mave
{quote} Do you really trade? This is a serious question. Besides that you didn't even read the reply completely because i can't say what is wrong with your understanding of the market with that reply when every question you asked can be answered if you think for a minute.One thing you're right about is people do have privileged info. and previous week was market maker's week.
My apologies Mave, I am finding it hard to follow what you are saying. Let's leave it at that, shall we, I thank you for your time.
  • #17,747
  • Oct 19, 2014 12:26pm Oct 19, 2014 12:26pm
Quoting griffinssoul
{quote} My apologies Mave, I am finding it hard to follow what you are saying. Let's leave it at that, shall we, I thank you for your time.
You're most welcome.
A trade should be based on an assumption based on facts
  • #17,748
  • Oct 19, 2014 10:08pm Oct 19, 2014 10:08pm
Long term Bearish on gold. I still expect the market to test $1180
But short term gold is still trying to make up its mind - Wedge is starting to get very thin.
Will add to my position depending on direction of breakout
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Respect the inescapable certainity of Math
  • #17,749
  • Oct 19, 2014 10:14pm Oct 19, 2014 10:14pm
I've been following this for a while and it could likely create a bull market with a "yes" vote imo.

http://www.wallstreetdaily.com/2014/...old-vote-merk/
As the lights go by so too do the shadows move
  • #17,750
  • Oct 19, 2014 10:30pm Oct 19, 2014 10:30pm
Quoting ClockTrader
{quote} Minor but clean bottom-out on M15 IF there was a clean & clear bottom-out on H1, I would be loading shit loads of longs.. {image}
Hi CT, I'm looking at the 1H TF. Remarkably (once again), inline with what you anticipated. What are your thoughts if I may ask?
  • #17,751
  • Oct 19, 2014 10:31pm Oct 19, 2014 10:31pm
Quoting Agent Orange
Long term Bearish on gold. I still expect the market to test $1180 But short term gold is still trying to make up its mind - Wedge is starting to get very thin. Will add to my position depending on direction of breakout {image}
  • #17,752
  • Oct 19, 2014 10:42pm Oct 19, 2014 10:42pm
Quoting Matts Micro
I've been following this for a while and it could likely create a bull market with a "yes" vote imo. http://www.wallstreetdaily.com/2014/...old-vote-merk/
Knew nothing about this until you brought it to my attention.....could have serious implications for Gold, EURO and USD. Maybe some interesting times ahead
Respect the inescapable certainity of Math
  • #17,753
  • Oct 19, 2014 10:53pm Oct 19, 2014 10:53pm
Quoting Agent Orange
{quote} Knew nothing about this until you brought it to my attention.....could have serious implications for Gold, EURO and USD. Maybe some interesting times ahead
Hi Agent Orange, you're taking a short, I'm assuming, given the change in return% I went short off the 1237 level (as describe above, 17718) with a tight SL 37.70
  • #17,754
  • Oct 19, 2014 11:15pm Oct 19, 2014 11:15pm
Quoting griffinssoul
{quote} Hi Agent Orange, you're taking a short, I'm assuming, given the change in return% I went short off the 1237 level (as describe above, 17718) with a tight SL 37.70
Im in a short at the moment (long term target), but will either hedge my position if wedge is broken to upside or add to my position if broken to downside
Respect the inescapable certainity of Math
  • #17,755
  • Edited 11:27pm Oct 19, 2014 11:17pm | Edited 11:27pm
Quoting Agent Orange
{quote} Im in a short at the moment (long term target), but will either hedge my position if wedge is broken to upside or add to my position if broken to downside
I really like the way you plan things and think here Agent Orange! I got stopped out - had SL moved to BE + (a bit more) anticipating a breakout low (I've got CT's analysis of a clean bottom-out on the 1H TF in the back of my mind...)
  • #17,756
  • Oct 20, 2014 12:34am Oct 20, 2014 12:34am
Quoting griffinssoul
{quote} Hi CT, I'm looking at the 1H TF. Remarkably (once again), inline with what you anticipated. What are your thoughts if I may ask?
Cleaned my slate. Net position NULL. Awaiting volatility on H1.

I would like to see some volatility in South by this weekend. IF there is a nice bottom-out, I would like to load longs, would sit on sidelines till then.
Hello World!
  • #17,757
  • Oct 20, 2014 12:40am Oct 20, 2014 12:40am
Quoting ClockTrader
{quote} Cleaned my slate. Net position NULL. Awaiting volatility on H1. I would like to see some volatility in South by this weekend. IF there is a nice bottom-out, I would like to load longs, would sit on sidelines till then.
Many thanks CT! I was watching 1237 level (plus/minus 5 pipettes) seems like an important (local, 15M TF) level - took a bit of a risk but I got good (local) PA to go short - didn't workout. Now, it might close over 1237
  • #17,758
  • Oct 20, 2014 2:03am Oct 20, 2014 2:03am
me personally would not short gold at this time as I explain in my previous posts

for today im looking for a price to stay above 1237 and a break of Thursdays highs more like 1242-3

next target will be 1270's and we will see what happens after that
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Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #17,759
  • Oct 20, 2014 2:57am Oct 20, 2014 2:57am
Quoting Matts Micro
I've been following this for a while and it could likely create a bull market with a "yes" vote imo. http://www.wallstreetdaily.com/2014/...old-vote-merk/

thanks matt I think other central banks will follow
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #17,760
  • Edited 3:40am Oct 20, 2014 3:16am | Edited 3:40am
Quoting blue_z_zz
{quote} thanks matt I think other central banks will follow
Welcome

This move is instigated by the Swiss people (to their credit imo). To my understanding it is to put the brakes on the central bank and government from devaluing the Swiss franc in the printing presses. The Gov/Bank is fighting the move. What the ramifications will be and if others take up the fight will be something to watch.
As the lights go by so too do the shadows move
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