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  • #18,301
  • Oct 30, 2014 6:35am Oct 30, 2014 6:35am
Quoting theDHT
{quote} Im with you Some very interesting possibilities here...
IF someone remembers, about 6 - 12 months back, I used to give mention "Bingo H1" calls, that's what applies here..

Now I call this: "Clean & Clear Bingo H1" CCBH1 on VVSA.

SL can be set to 1290 as well.

PS: For large accounts, advise not to lose more than 0.1 - 0.5% in one day.
Hello World!
  • #18,302
  • Oct 30, 2014 6:48am Oct 30, 2014 6:48am
Hi CT....
Can you elaborate further?
Thanks!
  • #18,303
  • Edited 7:16am Oct 30, 2014 7:05am | Edited 7:16am
Quoting skyhok
{quote} ... If this projection is correct, we are in wave (4) of wave [C] of A down. {image}
Yes, totally agree!

Predicting wave A is crucial. And we expect [2] to be a deep retrace (we'll never live that long to regret a bad call so don't worry...lol). We are lucky because this is usually less complicated than wave [4]. I'm not worried about the trend-channel cause log-scale can distort those... that is, the trend-channel should predict the termination of (5)@[1]. You can start generating probabilities from the relationship between (5) and (3) [and usually (1) but there is a fundamental problem here! Historically speaking, that is, e.g. from an international perspective etc]. Its a small miracle(!) that trendline (1)-(3) predicts [1], wow!!! Who said TA doesn't work!
  • #18,304
  • Oct 30, 2014 7:14am Oct 30, 2014 7:14am
Just closed 3000 point profit shorting gold USD , I see potential resistance around 1182.86, not sure what the price will do. If it goes further down for sure I'll continue shorting

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  • #18,305
  • Oct 30, 2014 7:19am Oct 30, 2014 7:19am
Quoting griffinssoul
{quote} Thanks so much skyhok! That is a monster! - Grand SuperCycle? Thank you for using a log-scale. Would it be better to switch to 1YR? Also I can't read the little numbers (prices)... sorry. Very exciting! 1792-present - that's crazy!!!!!!!!! This is predicting a major crash (correction) to wave A? What is the price/time range of A - just an estimate? You are an absolute superstar skyhok!!! This has so much information it will take me some time to analyse - if you can put in some prices at pivots and try the 1YR TF that would be amazing!!!
Go to:
http://www.businessinsider.com/long-...to-1792-2013-4
for the 1792-2013 chart.

I'm a bit short (not good) on time, while price wise 50% retracement of all time high is around 970.045. Expecting wave A of correction to drop slightly below that.
Elliott Wave for optimum entry, exit and risk management of trades
  • #18,306
  • Oct 30, 2014 7:22am Oct 30, 2014 7:22am
Quoting ClockTrader
@ 1206 Long from here with SL @ 1295 IF there is a huge bottom out during US session ahead, I'll give longs another shot. I got nothing right now but to try longs until 1290. Below that, I'm gonna give a pause. Trade Safe! PS: Advise not to lose more than 1-2% a day in small accounts.
CT, did u mean 1195? and 1190?
  • #18,307
  • Oct 30, 2014 7:22am Oct 30, 2014 7:22am
Quoting skyhok
{quote} Go to: http://www.businessinsider.com/long-...to-1792-2013-4 for the 1792-2013 chart. I'm a bit short (not good) on time, while price wise 50% retracement of all time high is around 970.045. Expecting wave A of correction to drop slightly below that.
Thank you so much skyhok!
  • #18,308
  • Oct 30, 2014 7:29am Oct 30, 2014 7:29am
Gold prices likely to re-test 1198, breaking which 1185 can't be denied; however, RSI nd MACD supports the price reversal till $1213.
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  • #18,309
  • Oct 30, 2014 7:40am Oct 30, 2014 7:40am
Quoting mcgross
{quote} CT, did u mean 1195? and 1190?
Use any depending on your MM

Quoting chaudh21
Hi CT.... Can you elaborate further? Thanks!
check that chart att..


PS: Hard to believe, M15 peaked out at 1205
Attached Image (click to enlarge)
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Hello World!
  • #18,310
  • Oct 30, 2014 7:43am Oct 30, 2014 7:43am
Quoting ClockTrader
{quote} IF someone remembers, about 6 - 12 months back, I used to give mention "Bingo H1" calls, that's what applies here.. Now I call this: "Clean & Clear Bingo H1" CCBH1 on VVSA. SL can be set to 1290 as well. PS: For large accounts, advise not to lose more than 0.1 - 0.5% in one day.
...a time to bring out the seasonal mean reversion playbook...

(maybe)

90% of people, are wrong about 90% of everything, 90% of the time...
  • #18,311
  • Oct 30, 2014 7:44am Oct 30, 2014 7:44am
Quoting Fx_Anil
Gold prices likely to re-test 1198, breaking which 1185 can't be denied; however, RSI nd MACD supports the price reversal till $1213. {image}
So, whats your call? entry? TP? SL?
Hello World!
  • #18,312
  • Oct 30, 2014 7:47am Oct 30, 2014 7:47am
Price needs to go above 1208-09, otherwise this could be going way down the hill....

I'll review this call around 12 pm.. NY (EST)
Attached Image (click to enlarge)
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Hello World!
  • #18,313
  • Oct 30, 2014 7:50am Oct 30, 2014 7:50am
auntie Yellen is coming so....there is still opportunity to go lower if it wants to
  • #18,314
  • Oct 30, 2014 7:58am Oct 30, 2014 7:58am
Quoting ClockTrader
{quote} So, whats your call? entry? TP? SL?

I continue supporting the bears. Entry near $1205 SL $1215 TP $1185
  • #18,315
  • Oct 30, 2014 8:07am Oct 30, 2014 8:07am
Quoting Fx_Anil
{quote} I continue supporting the bears. Entry near $1205 SL $1215 TP $1185
Thanks mate! You would be a great fella here if you could share calls in a technical way like that.
Hello World!
  • #18,316
  • Oct 30, 2014 8:23am Oct 30, 2014 8:23am
Hi all

Some big calls going on today, with vastly differing opinions both short and long. Strongly suggests to me we are likely approaching a pivotal moment.

Aside from anything else, the weekly chart has that triple bottom which is a huge support level imo.

Based upon that alone, I favour long, and will be lookng to enter when I see favourable set-up signals appear on the daily/h4 charts.

I tried a long yesterday but got stopped out, I'll try another again when/if price goes sub 1200, which to me still represents a reasonable value/risk trading level to go long.
  • #18,317
  • Oct 30, 2014 8:25am Oct 30, 2014 8:25am
Quoting ClockTrader
{quote} Thanks mate! You would be a great fella here if you could share calls in a technical way like that.
Thanks for appreciation I'll try my level best.
  • #18,318
  • Oct 30, 2014 8:51am Oct 30, 2014 8:51am
There are certainly a lot of buyers in the 1180 - 1200 area. Which might be a risk for them. The last upside rally was only 65 USD, which is not very impressive. Stay short below 1222, target 1185. Watch EURUSD for a break below 1.25 and SPX for a break above 2020, which will be gold negative.
  • #18,319
  • Oct 30, 2014 9:04am Oct 30, 2014 9:04am
Quoting Avshar
There are certainly a lot of buyers in the 1180 - 1200 area. Which might be a risk for them. The last upside rally was only 65 USD, which is not very impressive. Stay short below 1222, target 1185. Watch EURUSD for a break below 1.25 and SPX for a break above 2020, which will be gold negative.
IF this hits 1180ish area, I don't think it'll bounce from there, triple support is a delusional setup at the moment, IMHO.
Hello World!
  • #18,320
  • Oct 30, 2014 9:14am Oct 30, 2014 9:14am
hi, i'm long @ 1204 SL 1201 TP1 1215 h&s inverse in formation
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