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  • #17,941
  • Oct 23, 2014 4:51am Oct 23, 2014 4:51am
Quoting blue_z_zz
{quote} i got SL on my longs @ 1240 waiting to see how 1237 holds under that i might initiate a short {quote} were is your SL CT
I have not placed any SL on these yet. Price looks declining. IF this falls in the US session too, it could easily go below 1230
Hello World!
  • #17,942
  • Oct 23, 2014 4:52am Oct 23, 2014 4:52am
Quoting griffinssoul
{quote} Hi georgeben, could you please explain what a 'decending up curve' is please?
I had read the book of Robert Edwards's technical analysis of stock uptrend and learnt the term.
Decurve uptrend is oppose to accelerate uptrend and i had attach the photo of the book
But decurve uptrend seems not very common.
Attached Image
  • #17,943
  • Oct 23, 2014 4:57am Oct 23, 2014 4:57am
I am sitting for Fed Rate Decision next week.
In past few trading days, US dollar had smaller correction because people were talking about Fed is not in hurry to raise interest rate.
  • #17,944
  • Oct 23, 2014 4:59am Oct 23, 2014 4:59am
sl hit 1238
  • #17,945
  • Oct 23, 2014 5:06am Oct 23, 2014 5:06am
Quoting blue_z_zz
{quote} i got SL on my longs @ 1240 waiting to see how 1237 holds under that i might initiate a short {quote} were is your SL CT
Just closed all the 4 longs, trade went bad.
Hello World!
  • #17,946
  • Oct 23, 2014 5:12am Oct 23, 2014 5:12am
not quite sure if gold gonna goes up again?

I also didnt see any bull candle..

Just waiting on US news and opening.. US dollar index has come down too..
  • #17,947
  • Oct 23, 2014 5:14am Oct 23, 2014 5:14am
Quoting ClockTrader
{quote} I have not placed any SL on these yet. Price looks declining. IF this falls in the US session too, it could easily go below 1230
Steady as she goes my friends ... "all I ask is a tall ship and a star to steer her by". I'm focused on the star...
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 38 KB
  • #17,948
  • Oct 23, 2014 5:21am Oct 23, 2014 5:21am
Quoting Karpa
USD has been retracing since Oct 3rd and I think it's time for it to gain some strength again. Tomorrow there's important EZ data comming out as well as US unemployment claims, maybe the strongest gains will happen tomorrow. IMHO shorters would take proffit at around 1217
Hello golden mates
Due to not-so-good data set comming out, I'm moving my TP from 1217 to 1218
  • #17,949
  • Oct 23, 2014 5:24am Oct 23, 2014 5:24am
Quoting griffinssoul
{quote} Steady as she goes my friends ... "all I ask is a tall ship and a star to steer her by". I'm focused on the star... {image}
IF there is a bottom-out ahead in the US session, a nice & neat one, I might wanna re-load longs.

Too confusing right now, need a break.
Hello World!
  • #17,950
  • Oct 23, 2014 5:25am Oct 23, 2014 5:25am
Quoting griffinssoul
{quote} Steady as she goes my friends ... "all I ask is a tall ship and a star to steer her by". I'm focused on the star... {image}
do you think its going to go up again or go down?

from your picture it goes up..
  • #17,951
  • Edited 5:50am Oct 23, 2014 5:37am | Edited 5:50am
Quoting vp920b
{quote} do you think its going to go up again or go down? from your picture it goes up..
High probability of PA intersecting the free space where that circle is on the chart (actually lower that a bit so its inline)- there have been two significant events within that price range previous. A failed engulfing pattern, followed by indecision then an extension - very powerful PA. Ask yourself why didn't PA then retrace fully but instead formed a HL by a morning (doji) star formation (no real gaps in FX). However, what happens after that is anyones guess. (Ummm... or I could be completely wrong )
  • #17,952
  • Oct 23, 2014 5:40am Oct 23, 2014 5:40am
Quoting georgeben
{quote} I had read the book of Robert Edwards's technical analysis of stock uptrend and learnt the term. Decurve uptrend is oppose to accelerate uptrend and i had attach the photo of the book But decurve uptrend seems not very common. {image}
Many thanks georgeben! I have never heard that term before. I will look up the reference thank you!
  • #17,953
  • Oct 23, 2014 6:00am Oct 23, 2014 6:00am
Quoting griffinssoul
{quote} Steady as she goes my friends ... "all I ask is a tall ship and a star to steer her by". I'm focused on the star... {image}
The morning star patron has already hit its target of around $1332 in your chart

If you look at the Daily chart now you can see a New Morning star which targets around $1225
Attached Image (click to enlarge)
Click to Enlarge Name: analysis.jpg Size: 121 KB
Respect the inescapable certainity of Math
  • #17,954
  • Oct 23, 2014 6:08am Oct 23, 2014 6:08am
Quoting griffinssoul
{quote} High probability of PA intersecting the free space where that circle is on the chart (actually lower that a bit so its inline)- there have been two significant events within that price range previous. A failed engulfing pattern, followed by indecision then an extension - very powerful PA. Ask yourself why didn't PA then retrace fully but instead formed a HL by a morning (doji) star formation (no real gaps in FX). However, what happens after that is anyones guess. (Ummm... or I could be completely wrong )
Hi,

According to the weekly chart attached, my analysis suggests to me that price has plenty of scope to make 1300 plus in the coming weeks/new year, notwithstanding some pitfalls along the way. The dotted verticle line and red colours support my view for a long. On that basis a long term small position size uncomplicated investment is my idea of planning ahead, and using the smaller t/frames for intraday bread and butter etc.

We all see things differently of course, but thats my broad take on my projection ahead anyway for what its worth.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDWeekly.png Size: 18 KB
  • #17,955
  • Oct 23, 2014 6:18am Oct 23, 2014 6:18am
Quoting mact4
My two cents: According to my (very limited) understanding of Elliot Wave, we have a triangle with 5 3-wave substructures. ABCD has formed, with wave E still forming. {image}. Wave C is 78.6% of Wave A. So perhaps Wave E= 78.6% of Wave C (1345) ? The subwaves 1-2-3 follow a fib ratio. All quite interesting - unfortunately, it does not tell us where wave 1 (of the current wave E) will end, before the corrective wave 2. Also according to EW, after Wave E ends, price will continue in the direction it was in before this triangle started i.e. down, below...
Looks like Wave 2 of Wave E is underway
  • #17,956
  • Oct 23, 2014 6:18am Oct 23, 2014 6:18am
Quoting ClockTrader
{quote} IF there is a bottom-out ahead in the US session, a nice & neat one, I might wanna re-load longs. Too confusing right now, need a break.
I'm looking for some longs too, as lower TF such as m5/m15 printed some good PA and volume for longs, only H1 is weak, so i'll wait for it to turn up and load some
COT: The precious data ignored
  • #17,957
  • Oct 23, 2014 6:25am Oct 23, 2014 6:25am
[highlight=rgba(255, 255, 255, 0)]LARGE RISE: Economists forecast that weekly applications increased 16,000 to a seasonally adjusted 280,000, according to a survey by FactSet.[/highlight]

it is forecasted a red data for US's jobs this afternoon , but I dont know that the market how will act it!
  • #17,958
  • Oct 23, 2014 6:29am Oct 23, 2014 6:29am
Quoting Landline
{quote} Hi, ... We all see things differently of course, but thats my broad take on my projection ahead anyway for what its worth. {image}
...actually, I totally agree and you express it a lot better than I

On the other hand, I totally respect the views of Agent Orange and others... thereby sprinkling some seeds of doubt
  • #17,959
  • Oct 23, 2014 6:35am Oct 23, 2014 6:35am
1235 touched.. Good for another longs? Or wait till news coming up?
  • #17,960
  • Oct 23, 2014 6:43am Oct 23, 2014 6:43am
This dump is messing all longs, better not touch it yet if you want to go long, keep waiting for it, or short a potential bounce
COT: The precious data ignored
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