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Only Gold!

  • #18,921
  • Nov 9, 2014 6:20am Nov 9, 2014 6:20am
Quoting HiddenGap
{quote} Very nice. I hope you got some of it. No predictions. From my perspective, they (the Smart Money) really only gave one chance to get in on the 60 min. chart. Check out the chart below. Seeing the wide spread down bar on volume less than the previous two intervals, could have alerted one to what was going to happen. In VSA, we call this type of bar No Selling Pressure. Price does change behavior and the we then do see the bars turn Blue, Chart Mode turn Bullish and price trade above the BPL. What we would then want to see is a down bar on...
Hello HiddenGap, can't thank you enough for your post of VSA analysis on very recent development of Gold. I am learning VSA and practising it on my Gold trading. Your pointing to ND&NS candles really helpful for me so much. This was where I was totally embarrassed not knowing what to do and regretted after that If you can, please post your analyses on Gold here more often.

Regards,
Exciter135.
  • #18,922
  • Nov 9, 2014 9:25am Nov 9, 2014 9:25am
Quoting griffinssoul
{quote} Perhaps not the most popular view but I'm staying with previous analysis as nothing I've seen invalidates it, with the 1160 target reached this week (really should be a range as these estimates are crude). Will it be a Wave-5 extension, that's the question and again I drift back to the steep angle of decent? Who knows? "All that is gold does not glitter"
Maybe not a popular view among gold bugs but your numbers are spot on.There are multiple price gaps in gold, particularly the 1104/05. Also, there is a major annual balance point void and retracement failure from January 2010 @1035 so your 1025 price IS valid. There are 2 other interesting balance point void that may interest you, one @ 632 and 483. Who is ready to pick a bottom.

On the funnymentals side...unless there is a change in central banker attitude, we do not know where gold will go.
I may not be right...BUT, I am never wrong
  • #18,923
  • Nov 9, 2014 10:15am Nov 9, 2014 10:15am
Quoting hollowhead
{quote} I'm confused. Why would you think I'm referring to you?
my name is steve lol
  • #18,924
  • Nov 9, 2014 7:00pm Nov 9, 2014 7:00pm
Quoting griffinssoul
{quote} Well done Mastermind . Mixed bag of results when it comes to NFP etc,... but I was out beforehand (Griff's justa big chicken ... lol)
Closed out the trade first thing this morning for a healthy profit as it was in retrace mode.

Will re-enter once my analysis indicates a continued upward trend.

Have a great week trading everyone!

Masterrmind............
Master your Mind then Master your Trades
  • #18,925
  • Nov 9, 2014 8:09pm Nov 9, 2014 8:09pm
Quoting Waitnsee
hi - i had disaster friday with limit short order that i forgot about at 1155 = came back to find price at 165 but it went to 172 and i pullled a disaster trade down £3500 that day - my black friday - lesson learned never leave log out until you close out all including orders ... current price?
Waitnsee! Always heart-dropping to read - this is why I'm a big chicken! Double check everything / orders / pending etc are all clear... never trade during insane times, etc... I guess things like this are bound to happen?
  • #18,926
  • Nov 9, 2014 8:12pm Nov 9, 2014 8:12pm
Quoting Spartanholds
{quote} Maybe not a popular view among gold bugs but your numbers are spot on.There are multiple price gaps in gold, particularly the 1104/05. Also, there is a major annual balance point void and retracement failure from January 2010 @1035 so your 1025 price IS valid. There are 2 other interesting balance point void that may interest you, one @ 632 and 483. Who is ready to pick a bottom. On the funnymentals side...unless there is a change in central banker attitude, we do not know where gold will go.
Many thanks Spartanholds! That's very interesting...Mmmm. I generally like to ride to the bottom as opposed to picking where it should be... lol... always more fun!
  • #18,927
  • Nov 9, 2014 10:08pm Nov 9, 2014 10:08pm
Away on vacation, would like to only watch today.
Hello World!
  • #18,928
  • Nov 9, 2014 11:08pm Nov 9, 2014 11:08pm
Quoting ClockTrader
Away on vacation, would like to only watch today.
CT, now its time for me to give you some good advice - have a restful and happy vacation mate! Forget about work for a while (no peeking)...
  • #18,929
  • Nov 10, 2014 12:26am Nov 10, 2014 12:26am
A quite Price Action today.. Probably anticipating tomorrow's French and US holidays..
Expect choppy market these next couple days..

Trade safely, all..!
  • #18,930
  • Nov 10, 2014 2:57am Nov 10, 2014 2:57am
Quoting hollowhead
{quote} - abosultely.
Morning Steve hope your well, had my first trade in gold on friday ,very good in and out with the weekend ,got out tooo early thou,
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 62 KB
on the chart looking to buy pull back 1159.50 sl on the bottom and add 1176.5 open target for now,, Regards Billy
  • #18,931
  • Nov 10, 2014 3:37am Nov 10, 2014 3:37am
Quoting elbert3
{quote} Morning Steve hope your well, had my first trade in gold on friday ,very good in and out with the weekend ,got out tooo early thou,{image} on the chart looking to buy pull back 1159.50 sl on the bottom and add 1176.5 open target for now,, Regards Billy
Morning Billy. Welcome to the wonderful world of gold. Have a great week.
Steve
  • #18,932
  • Nov 10, 2014 6:11am Nov 10, 2014 6:11am
Quoting elbert3
{quote} Morning Steve hope your well, had my first trade in gold on friday ,very good in and out with the weekend ,got out tooo early thou,{image} on the chart looking to buy pull back 1159.50 sl on the bottom and add 1176.5 open target for now,, Regards Billy
Attached Image (click to enlarge)
Click to Enlarge Name: g15.png Size: 74 KB
took a sell before at 1168 you can see were it broken the line and looking to x for support and tp ,and long areas,,
  • #18,933
  • Nov 10, 2014 7:35am Nov 10, 2014 7:35am
http://www.theglobeandmail.com/repor...ticle21514818/

As price of gold drops, miners race to cut costs
  • #18,934
  • Nov 10, 2014 7:47am Nov 10, 2014 7:47am
Quoting elbert3
{quote} {image} took a sell before at 1168 you can see were it broken the line and looking to x for support and tp ,and long areas,,
I'm with you Billy - I'm still overall bearish on Gold and starting to build some more shorts.
  • #18,935
  • Nov 10, 2014 8:11am Nov 10, 2014 8:11am
Quoting hollowhead
{quote} I'm with you Billy - I'm still overall bearish on Gold and starting to build some more shorts.
i am glad were on the same page, makes me feel more safe ,,lol ,,you being the better trader ,, B
  • #18,936
  • Nov 10, 2014 8:16am Nov 10, 2014 8:16am
Quoting elbert3
{quote},,you being the better trader ,, B

  • #18,937
  • Nov 10, 2014 8:19am Nov 10, 2014 8:19am
Quoting hollowhead
{quote}
modesty
  • #18,938
  • Nov 10, 2014 8:53am Nov 10, 2014 8:53am
Quoting elbert3
{quote} modesty
Not at all Billy - I know my trading weaknesses and failiures and don't see them in your trading. In the end, as long as we are all moving in the right direction, learning from our mistakes, trading our plan/strategy and building our account, that's all that really counts. Seriously though, I've not seen you change your method, strategy or approach. You're consistent and disciplined and those are the two hallmarks of every good trader I know.
  • #18,939
  • Nov 10, 2014 9:39am Nov 10, 2014 9:39am
Quoting hollowhead
{quote} Not at all Billy - I know my trading weaknesses and failiures and don't see them in your trading. In the end, as long as we are all moving in the right direction, learning from our mistakes, trading our plan/strategy and building our account, that's all that really counts. Seriously though, I've not seen you change your method, strategy or approach. You're consistent and disciplined and those are the two hallmarks of every good trader I know.
x not really but thanks ,,, from where i sit your doing well ,regards
  • #18,940
  • Nov 10, 2014 9:43am Nov 10, 2014 9:43am
Quoting elbert3
{quote} Morning Steve hope your well, had my first trade in gold on friday ,very good in and out with the weekend ,got out tooo early thou,{image} on the chart looking to buy pull back 1159.50 sl on the bottom and add 1176.5 open target for now,, Regards Billy
Attached Image (click to enlarge)
Click to Enlarge Name: g3.png Size: 64 KB
pipsa away ,,on 5 min now see what its up to, could go long here ?? lets see
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