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Only Gold!

  • #17,901
  • Oct 22, 2014 7:52am Oct 22, 2014 7:52am
Quoting Karpa
we have CPI numbers today. Good numbers = strong USD
I was expecting better than 0.1%
Recent unemployment rate went down 0.2% and non-farm employment change went up 32k
  • #17,902
  • Oct 22, 2014 7:54am Oct 22, 2014 7:54am
Quoting vp920b
news has not been so well for US Dollar but it shoots up to the north.. Where can gold be going? I do longs on 1243 now. Cheers
I believe still early to go long from here. It should cam down before. Hope am wrong and you make profit
  • #17,903
  • Oct 22, 2014 7:57am Oct 22, 2014 7:57am
cheers mate..

might go long again from 1240..

US data is not great but it shoots gold down.. I have no idea what's wrong..
  • #17,904
  • Oct 22, 2014 7:58am Oct 22, 2014 7:58am
Just closed the shorts in 1240is range.
Attached Image
Hello World!
  • #17,905
  • Oct 22, 2014 8:00am Oct 22, 2014 8:00am
Quoting goldstreet
{quote} where u think guys its heading? Could it touch 1235?
1235 is not too far. I'll wait for 12 pm NY for the day to peak out.
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 17 KB
Hello World!
  • #17,906
  • Oct 22, 2014 8:02am Oct 22, 2014 8:02am
Quoting ClockTrader
{quote} 1235 is not too far. I'll wait for 12 pm NY for the day to peak out. {image}
Hi CT do you have any idea which level is good for buy/long golds?

I only have 1244 and 1240 support from my mentor chart.

Thanks
  • #17,907
  • Oct 22, 2014 8:06am Oct 22, 2014 8:06am
Quoting ClockTrader
Just closed the shorts in 1240is range. {image}
Closed all the shorts.
Hello World!
  • #17,908
  • Oct 22, 2014 8:07am Oct 22, 2014 8:07am
Quoting vp920b
{quote} Hi CT do you have any idea which level is good for buy/long golds? I only have 1244 and 1240 support from my mentor chart. Thanks
Like I've said before, IF I were to buy, I would wait for clean & clear bottom out on VVSA-H1
Hello World!
  • #17,909
  • Oct 22, 2014 8:13am Oct 22, 2014 8:13am
how to analyse VVSA actually?

I still have no idea and hunterrus is no longer sharing his method.

Thanks
  • #17,910
  • Oct 22, 2014 8:16am Oct 22, 2014 8:16am
Quoting ClockTrader
{quote} As you may know by now that I trade VVSA & seasonal waves. By 2020, I hope to get seasons working even in bad multi-year trends. Pending Sell orders at lower or higher levels do not fit at all in my strategy. I would like to sell when it peaks out. So, I have to watch PA all the time.
Kindly correct me if i'm wrong.. you hope to get seasons working by trading your fancy VVSA & seasonal waves?
  • #17,911
  • Oct 22, 2014 8:20am Oct 22, 2014 8:20am
Quoting vp920b
how to analyse VVSA actually? I still have no idea and hunterrus is no longer sharing his method. Thanks
http://www.forex-central.net/Volume-...alysis-VSA.php

https://www.google.co.uk/?gws_rd=ssl...analysis+forex

Quoting Karpa
{quote} Kindly correct me if i'm wrong.. you hope to get seasons working by trading your fancy VVSA & seasonal waves?
I can't share everything I do mate. I am sure you would respect privacy of any investor / trader here. However, I'm sharing every single thing I do in this account.

Secondly, Golden seasons are not working like a clock, so, I'm not following them blindly.

Thirdly, if VVSA looks fancy to you, I don't mind at all. But, be informed that I've spent countless hours to research & develop my system. This is about making living.
Hello World!
  • #17,912
  • Oct 22, 2014 8:31am Oct 22, 2014 8:31am
Respect above all, no intention to violate anyone's privacy.
Thanks again
  • #17,913
  • Oct 22, 2014 8:50am Oct 22, 2014 8:50am
Quoting vp920b
how to analyse VVSA actually? I still have no idea and hunterrus is no longer sharing his method. Thanks
Hi,

We all must develop something we understand and works. I have simplified my method over the months, which includes volumn as part of that which I have marked with an arrow on attached chart.

Essentially, I am interested in entering a trade in my case, when all signals are either black or red.

An examples shows a 15m chart in progress,and the verticle dotted line indicates where a good set up would have been.

This method works very well for me, it is simple and doesnt require much discretion when to enter, it either has 5 signals or it doesnt.

I'd suggest developing a system that you understand, and is simple to impement,....then test it to know what may need tuning to gain best results for you. Remember we are all different, and see things very differently to oneanother, the key however is to make the system you apply your own, then of course you will only have yourself to blame if it fails you, and you will know what areas need fixing. Then once you have mastered the method, and its proven to be reliable, it will always then come down to you own persona MM, no matter how good your system is.

Hope that has helped in some way....good luck.
Attached Image (click to enlarge)
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  • #17,914
  • Oct 22, 2014 9:34am Oct 22, 2014 9:34am
Quoting Landline
{quote} Hi, We all must develop something we understand and works. I have simplified my method over the months, which includes volumn as part of that which I have marked with an arrow on attached chart. Essentially, I am interested in entering a trade in my case, when all signals are either black or red. An examples shows a 15m chart in progress,and the verticle dotted line indicates where a good set up would have been. This method works very well for me, it is simple and doesnt require much discretion when to enter, it either has 5 signals or it...
When you say it has 5 signals or it doesn't you mean they all have to be black? What indicators are you using?

Thanks
  • #17,915
  • Oct 22, 2014 10:53am Oct 22, 2014 10:53am
Time to sit on sidelines until I see reasonable volatility. Might miss the train to North, but, I know for sure there would be zillion opportunities if I play right & have patience.

I'll call it a day now, not a bad day it was.
Hello World!
  • #17,916
  • Oct 22, 2014 11:39am Oct 22, 2014 11:39am
Quoting Thfc1964
{quote} When you say it has 5 signals or it doesn't you mean they all have to be black? What indicators are you using? Thanks
Hi,

I added the chart and simple explanation to give vp920b a heads up that whilst volumn has an important role, it needs to be supported with other confirmations. Equally important though regarding his post, was to give some guidelines about developing his own personalised system, which may have also been useful for others.

A method is a method, mine is my own, not the best no doubt, but its robust enough without multicoluured lines everywhere... I like simplicity and this works for me, which is the message I was trying to get across earlier and would recommend to anyone developing their own system.

No doubt you too have your own system, and all I'd say is simplify it where you can. For example, I prefer using bar type indicators because they offer less ambiguity than squigly lines in general along with standard colurs, red and black ....for me all red means buy.... all black means sell, (that includes the candle colour too btw), making the 5 signals im interested in, and then making sure they are in the correct place (OB/OS areas).

KISS is the name of the game so far as I'm concerned.
  • #17,917
  • Oct 22, 2014 10:42pm Oct 22, 2014 10:42pm
Too cloudy, too confusing, would wait until NY session before entering next set of trades. Got a clean slate right now.

Trade Safe, Love & Respect MM!
Hello World!
  • #17,918
  • Oct 23, 2014 12:28am Oct 23, 2014 12:28am
Quoting ClockTrader
Too cloudy, too confusing, would wait until NY session before entering next set of trades. Got a clean slate right now. Trade Safe, Love & Respect MM!
@1243

Too boring, initiated a set of longs, will enter turbo mood and trade both directions using VVSA if required. I am expecting reasonable good volatility in the US session ahead.

Logic: A small bottom-out on M30 looks worth testing, will add more longs on lower level, if there is another bottom-out.
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 22 KB
Hello World!
  • #17,919
  • Oct 23, 2014 12:57am Oct 23, 2014 12:57am
Quoting ClockTrader
{quote} @1243 Too boring, initiated a set of longs, will enter turbo mood and trade both directions using VVSA if required. I am expecting reasonable good volatility in the US session ahead. Logic: A small bottom-out on M30 looks worth testing, will add more longs on lower level, if there is another bottom-out. {image}
I still prefer longs (scalping basis).

H4 Chart with comments

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDrH4_1.png Size: 72 KB
No guts, no glory
  • #17,920
  • Oct 23, 2014 1:16am Oct 23, 2014 1:16am
Quoting abokwaik
{quote} I still prefer longs (scalping basis). H4 Chart with comments {image}
Great Chart! but H4 chart looks like decending up curve.
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