Only Gold! | Page 973 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #19,441
  • Nov 22, 2014 8:45am Nov 22, 2014 8:45am
Quoting Kah
Closing the week with the same advice - again and again during the week, I reiterated, better sell the peak outs and remain on the sidelines otherwise. Think not twice but thousand times before going long in Gold. We must not do Revenge Trading. If we do so and go against the trend of the market then even GBP 500,000 aren't enough. Cheers, KAH
With respect :

My Weekly posts here for the last 3 weeks were anticipating up moves.
If you check weekly chart you'll see 3 consecutive Green Weeks, Not easy ones though.
However I've made around 20% ROI during these 3 weeks BUYING Gold, you can check my TE if you like.

Each follows his own analysis, When you know what you're doing, you can make money either way.

Wish you all profitable trading ...
No guts, no glory
  • #19,442
  • Nov 22, 2014 9:00am Nov 22, 2014 9:00am
Many people here insist that Gold should reach 1050 level before rebound, may I ask for a justification for that if possible ... Thanks.
No guts, no glory
  • #19,443
  • Nov 22, 2014 3:21pm Nov 22, 2014 3:21pm
Gold & US$ are usually heading in opposite directions. The most recent short-term trends are both up. Good for the GOLD bulls?
Attached Image (click to enlarge)
Click to Enlarge Name: Gold-1.png Size: 51 KB
  • #19,444
  • Nov 22, 2014 7:19pm Nov 22, 2014 7:19pm
Hi All, I already take my long since Friday, targeting 2100pips (hopefully.. )
Wish me luck..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 14 KB
  • #19,445
  • Nov 22, 2014 11:08pm Nov 22, 2014 11:08pm
Hi Traders, wow... what a week of trading. Just a quick review of XAU for the week ahead - nice progression on the EW chart [skyhok's chart http://www.forexfactory.com/showthre...17#post7876017 ]. So what I thought I'd do is review the ichi analysis from last week [http://www.forexfactory.com/showthre...49#post7874749]. In alignment with skyhod's chart we see on the 4H TF (first chart) that we have a strong TK cross [from last week we had a Kumo break-out - a strong bullish signal in this case which was fully confirmed] which should get us to a Kumo-bounce on the D1 (this would be the target set by skyhod - wave-[a]). Looking at the D1 TF, it looks like a Kumo-twist is possible and might coincide with the Kumo-bounce should that happen. However, what we really want to see is a HL, in the zone shown in the second chart (which would be skyhod's wave-[b]). The W1 TF still shows everything in a bearish state [PA shows shows large wicks/hammers and Price has close above the Tenkan-sen - I draw no direct conclusion from these at this stage (apart from their relation to the Lower TF's)].
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 40 KB
Click to Enlarge Name: Image2.png Size: 49 KB
Click to Enlarge Name: Image3.png Size: 42 KB
  • #19,446
  • Nov 22, 2014 11:29pm Nov 22, 2014 11:29pm
Quoting abokwaik
{quote} With respect : My Weekly posts here for the last 3 weeks were anticipating up moves. If you check weekly chart you'll see 3 consecutive Green Weeks, Not easy ones though. However I've made around 20% ROI during these 3 weeks BUYING Gold, you can check my TE if you like. Each follows his own analysis, When you know what you're doing, you can make money either way. Wish you all profitable trading ...
Great trading abokwaik!!!
  • #19,447
  • Nov 22, 2014 11:56pm Nov 22, 2014 11:56pm
Quoting griffinssoul
{quote} Great trading abokwaik!!!
Thanks. It was a tough week. Gold bears are not surrendering easily.
I hope your doing well. I like your analysis, although I never understood Heiken Ashi , Too complicated for me.

My weekly view follows ...
No guts, no glory
  • #19,448
  • Nov 23, 2014 12:03am Nov 23, 2014 12:03am
Weekly Chart :

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDrWeekly_Nov23.png Size: 57 KB

 

  1. 3 Bullish Hammers (make that 2)
  2. Bullish Divergence
  3. Close above previous support (1182)

All currencies are falling against USD while Gold managed to close in Green.
USD is strong, Gold is recovering. Imagine if USD weakens...

I still prefer the Long side. Buying pullbacks above 1182.
If my analysis work, I think we'll have a monthly close around 1240.

No guts, no glory
  • #19,449
  • Nov 23, 2014 12:03am Nov 23, 2014 12:03am
Quoting abokwaik
{quote} Thanks. It was a tough week. Gold bears are not surrendering easily. I hope your doing well. I like your analysis, although I never understood Heiken Ashi , Too complicated for me. My weekly view follows ...
I think it feels like we are getting ready for the holiday season... and PA is jumping around... lol. Plus, I've heard the Russians are buying up Gold at a furious pace...? Heiken Ashi Ichimoku is hard to learn at first but its really powerful cause you only have to glance a the chart to see trend (for that TF). I got spanked on Gold and so switched quickly back to pairs... ended up being a good decision - you have to think quick and adjust fast in this biz.
  • #19,450
  • Nov 23, 2014 12:03am Nov 23, 2014 12:03am
Mr A .ur confused with Ichimoku cloud and HeikinAshi
Whats That? you're trading What?
  • #19,451
  • Nov 23, 2014 12:08am Nov 23, 2014 12:08am
Quoting Qed
Mr A .ur confused with Ichimoku cloud and HeikinAshi
Exactly !. strange names .. ha.
No guts, no glory
  • #19,452
  • Nov 23, 2014 12:10am Nov 23, 2014 12:10am
heres a pic using HA smoothed XAUUSD daily
Attached Image (click to enlarge)
Click to Enlarge Name: ha smoothed.jpg Size: 79 KB
Whats That? you're trading What?
  • #19,453
  • Nov 23, 2014 12:11am Nov 23, 2014 12:11am
Quoting abokwaik
Weekly Chart : {image} 3 Bullish Hammers (make that 2) Bullish Divergence Close above previous support (1182) All currencies are falling against USD while Gold managed to close in Green. USD is strong, Gold is recovering. Imagine if USD weakens... I still prefer the Long side. Buying pullbacks above 1182. If my analysis work, I think we'll have a monthly close around 1240.
Great chart abokwaik. Why do I always get excited to see such charts... LOL! Watch out, the previous PA (above your hammers... ) which shows a bullish engulfing pattern that was even confirmed but failed on the W1 TF anyway... we need a HL to click into a higher gear IMO...
  • #19,454
  • Nov 23, 2014 12:15am Nov 23, 2014 12:15am
Quoting Qed
heres a pic using HA smoothed XAUUSD daily {image}
Oooo... nice!
  • #19,455
  • Nov 23, 2014 12:16am Nov 23, 2014 12:16am
Quoting griffinssoul
{quote} I think it feels like we are getting ready for the holiday season... and PA is jumping around... lol. Plus, I've heard the Russians are buying up Gold at a furious pace...? Heiken Ashi Ichimoku is hard to learn at first but its really powerful cause you only have to glance a the chart to see trend (for that TF). I got spanked on Gold and so switched quickly back to pairs... ended up being a good decision - you have to think quick and adjust fast in this biz.
In the beginning of my Forex journey, I studied all indicators, I even built some EAs around them, including Ichimoku. Then I discovered Simpler is Better. Now I am relying mostly on candle stick patterns, S/R levels, trend lines, volume. As for indicators I use mainly MAs on higher time frames plus RSI for divergence.

I think this is more than enough for good trading IMHO.
No guts, no glory
  • #19,456
  • Nov 23, 2014 12:19am Nov 23, 2014 12:19am
sorry didnt realise the "sessions " didnt show up on daily asia /europe/usa
Attached Image (click to enlarge)
Click to Enlarge Name: sessions.jpg Size: 76 KB
Whats That? you're trading What?
  • #19,457
  • Edited 12:31am Nov 23, 2014 12:20am | Edited 12:31am
Quoting abokwaik
{quote} In the beginning of my Forex journey, I studied all indicators, I even built some EAs around them, including Ichimoku. Then I discovered Simpler is Better. Now I am relying mostly on candle stick patterns, S/R levels, trend lines, volume. As for indicators I use mainly MAs on higher time frames plus RSI for divergence. I think this is more than enough for good trading IMHO.
Absolutely abokwaik! I just use EWT & Ichi for structure. On the 1H I go in with trendlines & S&R - PA is always first... lol. Vol is also good but I just check it more than use it for entry...? Oh, and I just started to look @ TMS on FF...
  • #19,458
  • Nov 23, 2014 12:52am Nov 23, 2014 12:52am
Quoting Qed
sorry didnt realise the "sessions " didnt show up on daily asia /europe/usa {image}
Hi Qed, IMO it would be better to have those colours on the bottom of the charts like in the shape of overlapping bars perhaps? It tends to hide/mask PA which is really bad.... IMO
  • #19,459
  • Nov 23, 2014 1:43am Nov 23, 2014 1:43am
I dont actually use the smoothed HA ,, I was just showing what is available out there, and yep agree it does cover up PA , the smoothed would prob be quite usefull if it was in window of its own down the bottom. I must look into that cheers Q
Whats That? you're trading What?
  • #19,460
  • Nov 23, 2014 1:47am Nov 23, 2014 1:47am
Quoting griffinssoul
{quote} Hi Qed, IMO it would be better to have those colours on the bottom of the charts like in the shape of overlapping bars perhaps? It tends to hide/mask PA which is really bad.... IMO

HI all,

can anyone mind sharing this HA smoothed indicator. thanks
12 traders viewing now