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Only Gold!

  • #17,801
  • Oct 20, 2014 8:44pm Oct 20, 2014 8:44pm
It could help you friends.
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  • #17,802
  • Oct 20, 2014 9:22pm Oct 20, 2014 9:22pm
Quoting shaban010
It could help you friends. {image} {image}
Thanks for showing that shaban010. Very helpful. Do you put the first waves in by hand or is it a program that calculates the waves or perhaps it just makes a forecast after manual entry? Thanks!
  • #17,803
  • Oct 20, 2014 9:23pm Oct 20, 2014 9:23pm
Quoting RAW-Trader
Gold next level should be 1265-70 and then way down. lot of cash can be made from current level to that level and on way back
  • #17,804
  • Oct 20, 2014 9:52pm Oct 20, 2014 9:52pm
Initiated a small set of shorts, will build up these if PA supports the call.
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Hello World!
  • #17,805
  • Edited 11:07pm Oct 20, 2014 10:50pm | Edited 11:07pm
Quoting ClockTrader
Initiated a small set of shorts, will build up these if PA supports the call. {image}
Hi CT, there seems to be a stop-volume for the shorts there on your chart (to the right, see below)... looks like a lot of shorts perhaps... 1H TF looks good, lots of wicks pointing north...
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  • #17,806
  • Oct 20, 2014 11:23pm Oct 20, 2014 11:23pm
too many people believe gold is in multi years down trend...
  • #17,807
  • Oct 20, 2014 11:33pm Oct 20, 2014 11:33pm
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  • #17,808
  • Oct 20, 2014 11:38pm Oct 20, 2014 11:38pm
Quoting Mr.Kane
{image}
Well done!
  • #17,809
  • Oct 20, 2014 11:45pm Oct 20, 2014 11:45pm
Quoting zew
too many people believe gold is in multi years down trend...
Maybe you are looking at lower TFs, did you observe monthly TF? I bet not.
Hello World!
  • #17,810
  • Oct 20, 2014 11:46pm Oct 20, 2014 11:46pm
Quoting Mr.Kane
{image}
Glad for you mate!
Hello World!
  • #17,811
  • Oct 21, 2014 12:12am Oct 21, 2014 12:12am
Quoting lorix
hello How is everyone doing (",)
Fine, thank you. How are you?
  • #17,812
  • Oct 21, 2014 12:43am Oct 21, 2014 12:43am
Quoting abokwaik
Notice that last 2 days High were broken, with no much re-action to the down side so far. Could it try to break Wednesday's High too (1250) ? , lets see.
Well, It surely did, but can it hold there now ?
No guts, no glory
  • #17,813
  • Oct 21, 2014 12:55am Oct 21, 2014 12:55am
Quoting abokwaik
My view on GOLD taken from my Trading Journal Post 23 and 24. Monthly Chart: {image} 1180-1182 had provided support for the 3rd time, but no highs created. We have Triple Bottom (no break-out yet). Just before 61.8 Fibo. retracement (61.8 was never touched) RSI Divergence: RSI is showing Higher Lows. BUT RSI is showing Higher Highs while price is making Lower Highs !!! October is Bullish until...


I think this still holds.

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No guts, no glory
  • #17,814
  • Oct 21, 2014 1:00am Oct 21, 2014 1:00am
Quoting abokwaik
{quote} I think this still holds. {image}
Full credit to you abokwaik!!! Spotting that engulfing pattern was the ice breaker as far as I was concerned (although I still covered both ends, just in case @ the 1237 level)
  • #17,815
  • Oct 21, 2014 1:32am Oct 21, 2014 1:32am
Quoting ClockTrader
Initiated a small set of shorts, will build up these if PA supports the call. {image}
yep, a failed effort to rise

volumes are pretty low as well
  • #17,816
  • Oct 21, 2014 1:54am Oct 21, 2014 1:54am
Quoting ClockTrader
Initiated a small set of shorts, will build up these if PA supports the call. {image}
Good luck with them, i'm still waiting for a strong setup before shorting. The moves are very slow so far
COT: The precious data ignored
  • #17,817
  • Oct 21, 2014 2:00am Oct 21, 2014 2:00am
H&S on Broken Trend Line : M5 for scalpers
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No guts, no glory
  • #17,818
  • Oct 21, 2014 2:07am Oct 21, 2014 2:07am
Quoting abokwaik
H&S on Broken Trend Line : M5 for scalpers {image}
Ooops, sorry for that, you can not trust an M5 chart.
No guts, no glory
  • #17,819
  • Oct 21, 2014 2:13am Oct 21, 2014 2:13am
Quoting abokwaik
{quote} Ooops, sorry for that, you can not trust an M5 chart.
You can trust any chart, things is it bounced twice at yesterday's high.

And higher tf were not fully ready for a short yet. H1 is bullish so far, i'll still be looking for shorts though so i can buy a dip later unless we reach near 1,270/90 before any dips
COT: The precious data ignored
  • #17,820
  • Oct 21, 2014 2:22am Oct 21, 2014 2:22am
from last week or so every time I visit the thread I read people posts shorting and or waiting to short only a few has been long and enjoying the ride

why are you guys just go with the trend and stop trying to find a top and trade what is in front of you
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
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