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Only Gold!

  • #21,261
  • Jan 12, 2015 4:18pm Jan 12, 2015 4:18pm
Quoting mdrive
{quote} i hope you are trading with micro account or demo.
by careful i mean tight sl and light long
Mining gold
  • #21,262
  • Jan 12, 2015 5:06pm Jan 12, 2015 5:06pm
Quoting mdrive
{quote} i hope you are trading with micro account or demo.
and what is the difference if I trade micro, standard.... Or demo with my post? I just wanted to say that traders who are proposing longs should be carefully. Don't you remember when 30 days ago, or something like that, gold went 80 dollars down then up all in one day, half of the day.
Mining gold
  • #21,263
  • Jan 12, 2015 5:16pm Jan 12, 2015 5:16pm
gold daily as I see it , cupand handle with inverted HS pattern looking for longs >1325+
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Whats That? you're trading What?
  • #21,264
  • Jan 12, 2015 5:31pm Jan 12, 2015 5:31pm
Quoting Qed
gold daily as I see it , cupand handle with inverted HS pattern looking for longs >1325+ {image}
cup handle formation thats a new one lol
  • #21,265
  • Jan 12, 2015 5:46pm Jan 12, 2015 5:46pm
http://www.incrediblecharts.com/topic/Chart_Patterns dont know if this is allowed but excellent descriptions of patterns ok so slightly back to front .....
Whats That? you're trading What?
  • #21,266
  • Jan 12, 2015 9:23pm Jan 12, 2015 9:23pm
Elliottwave Vs Fibonacci
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Ro IMRAN Ro
  • #21,267
  • Jan 12, 2015 9:36pm Jan 12, 2015 9:36pm
Correlation with commodity currencies like NZD and AUD seems to be at an all time low. Makes me really wonder whats moving the GOLD further up, any higher it would be breaking my markers as mid-term resistance at 1242. Which makes me very uncomfortable .

However, for scalpers out there, now is the opportunity for a short with good R:R ratio.

Good luck!
Luck shines on the positive.
  • #21,268
  • Jan 12, 2015 9:37pm Jan 12, 2015 9:37pm
Quoting Qed
gold daily as I see it , cupand handle with inverted HS pattern looking for longs >1325+ {image}
this is something new to me too, how do you calculate the parabolic curve? why is it important to hold gold price?
  • #21,269
  • Jan 12, 2015 9:41pm Jan 12, 2015 9:41pm
Quoting YvetteTeo
Correlation with commodity currencies like NZD and AUD seems to be at an all time low. Makes me really wonder whats moving the GOLD further up, any higher it would be breaking my markers as mid-term resistance at 1242. Which makes me very uncomfortable . However, for scalpers out there, now is the opportunity for a short with good R:R ratio. Good luck!

In the same boat, trying to find the catalyst to both gold and silver going up..
No idea, have not spent too much time on it to be honest but some thoughts.

 

  1. Oil has moved a bit last night and today dropping to current 47.73
  2. US still has a mixed outlook with some expecting S&P 500 at 2300 handle during 2015 while others anticipate a crash and all bubbles to burst
  3. Russian Billionaires may have found a way to purchase more gold through India and China (just speculation on my behalf)

A genius is born every minute, me I am lucky if my socks match.
  • #21,270
  • Jan 12, 2015 9:51pm Jan 12, 2015 9:51pm
Quoting whackdiddy
{quote} In the same boat, trying to find the catalyst to both gold and silver going up.. No idea, have not spent too much time on it to be honest but some thoughts. Oil has moved a bit last night and today dropping to current 47.73 US still has a mixed outlook with some expecting S&P 500 at 2300 handle during 2015 while others anticipate a crash and all bubbles to burst Russian Billionaires may have found a way to purchase more gold through India and China (just speculation on my behalf)
Try looking at dow30, s&p500 and NQ100 future, you may have your answer there.
  • #21,271
  • Jan 12, 2015 10:05pm Jan 12, 2015 10:05pm
Quoting TotallNewbie
{quote} Try looking at dow30, s&p500 and NQ100 future, you may have your answer there.
yeah I know S&P etc. have dropped in a big way..
But gold has not really been a safe haven for a little while, dropping from 1800 handle to 1100 handle even during some crisis moments..
Many things last year should have pushed Gold back up, yes there were some small bull runs but not much considering Ukraine, ISIS, MH17, threat of WW3, cold war, etc...
A genius is born every minute, me I am lucky if my socks match.
  • #21,272
  • Jan 12, 2015 10:06pm Jan 12, 2015 10:06pm
Quoting TotallNewbie
{quote} Try looking at dow30, s&p500 and NQ100 future, you may have your answer there.
Thanks for the suggestion! I've checked out the indices whilst preparing my short trades but find very little correlation between them and GOLD. The indices peaked out last week but we didn't see GOLD taking a bashing.
Luck shines on the positive.
  • #21,273
  • Jan 12, 2015 10:43pm Jan 12, 2015 10:43pm
Quoting berda
{quote} Hi CT, hope you can share the "holy grail" to us.. may you're right with your system.. amen
I've already devoted almost a decade, on & off.. spent countless hrs.. not to mention the resources / softwares I bought.. Guess what its costing might be?

I would be happy to share some calls.. before that I need to be sure what I'm talking..

IF it works.. I can always share a call when things look good..

BUT, of course.. it would be stupid to share how it works..
Hello World!
  • #21,274
  • Jan 12, 2015 10:59pm Jan 12, 2015 10:59pm
Quoting YvetteTeo
{quote} Thanks for the suggestion! I've checked out the indices whilst preparing my short trades but find very little correlation between them and GOLD. The indices peaked out last week but we didn't see GOLD taking a bashing.

I would prefer to buy around 1233 s/l 1228 t/p 1250
  • #21,275
  • Jan 13, 2015 12:46am Jan 13, 2015 12:46am
Triangle on a daily chart with a false breakdown on the downside. Is the downtrend already over ?

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Value is nothing, Price is everything
  • #21,276
  • Jan 13, 2015 12:56am Jan 13, 2015 12:56am
Quoting musti
According to elliot wave analysis n fib, it should go up to the range of 1235-1270 in the upcoming first 2 weeks of january.... {image}
2
like I said on 31st dec gold will go up to 1235-70 in the first 2 weeks of january, n there it goes........ :-)
  • #21,277
  • Jan 13, 2015 1:08am Jan 13, 2015 1:08am
Quoting musti
{quote} 2 like I said on 31st dec gold will go up to 1235-70 in the first 2 weeks of january, n there it goes........ :-)
january is the best month for GOLD<
read this:
http://www.forexlive.com/blog/2014/1...the-gold-bugs/
  • #21,278
  • Jan 13, 2015 1:36am Jan 13, 2015 1:36am
Quoting Qed
gold daily as I see it , cupand handle with inverted HS pattern looking for longs >1325+ {image}
If you could stretch the handle a little more like the cup, it would look like something else that I'm sure everybody look for. J/K
Success - It's not always what you see
  • #21,279
  • Jan 13, 2015 1:46am Jan 13, 2015 1:46am
Gold might be building something here, least to the 1255 and 1265, over the last will be impressive run to 1300
  • #21,280
  • Edited 3:19am Jan 13, 2015 1:47am | Edited 3:19am
Quoting Qed
gold daily as I see it , cupand handle with inverted HS pattern looking for longs >1325+ {image}
1240 &1255 are levels for next dn leg small below 1200 again bfr last try bull success or fail again at top 1255/1240 whatsover.a success brk 1255 will print more strong bull /reverse signal.after all gold is strongest amongst currency values rt now.lets see where it tops mow.take care.little sick this winter,so no position now but will wait for any down next to buy only.fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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