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Daily Trading with ST indicators

  • #1
  • First Post: Aug 13, 2006 3:27am Aug 13, 2006 3:27am
in this thread, i will be posting some charts on gold (spot) with my own technical indicators.

gold trader
  • #2
  • Aug 13, 2006 3:36am Aug 13, 2006 3:36am
according to some of my techinical indicators, gold is bearish. i expect gold to be moving lower next week. but moving above 640 will invalidate my opinion.

gold trader
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  • #3
  • Aug 13, 2006 6:41pm Aug 13, 2006 6:41pm
short gold @ 632.2
stop: 637

gt
  • #4
  • Aug 13, 2006 7:15pm Aug 13, 2006 7:15pm
interesting thread, what timeframes are you trading?
Relax and be happy.
  • #5
  • Aug 13, 2006 7:32pm Aug 13, 2006 7:32pm
Are you trading Futures or is this something different? What are the contract costs?
  • #6
  • Aug 13, 2006 7:46pm Aug 13, 2006 7:46pm
Quoting Gold Trader
short gold @ 632.2
stop: 637

gt
I am also short on gold but i think your stop at 637 is too tight as there is correction expected on hourlies which may spike up to 640.My stop is beyond 640 and target is 575.It may take time but it will touch this level.
  • #7
  • Aug 14, 2006 12:19am Aug 14, 2006 12:19am
if you trade physical gold, the meaning is:

we should sell gold now. we can buy back when it is lower. i.e. around 600~ 620 level. but that is what we are monitoring when it would turn up again.

to trade on short side, you can trade futures or cfd. to trade 1 futures contract, you will need around $ 3700~4000.

it is true. my stop is a little tight. but if it is a stopout, we can sell again at 640 level. then if it falls back down to 630, we can profit 30 pts ($3) extra (640-637).

gt
  • #8
  • Aug 18, 2006 1:31pm Aug 18, 2006 1:31pm
gold fell around $20 since i posted my call.

here is the chart, why i want to short.

i will post some more analysis during this weekend.

gt
Attached Image
  • #9
  • Aug 18, 2006 1:49pm Aug 18, 2006 1:49pm
It's an interesting thread. Thanks for sharing this with us. I'll check it out during the weekend and see if I can trade along with you. Is your approach technical only?

Quoting Gold Trader
gold fell around $20 since i posted my call.

here is the chart, why i want to short.

i will post some more analysis during this weekend.

gt
  • #10
  • Aug 18, 2006 4:09pm Aug 18, 2006 4:09pm
my system is purely based on technical analysis. it generated 7000 pts in 1 month.

gt
  • #11
  • Aug 20, 2006 7:55am Aug 20, 2006 7:55am
Good Luck! Right now my focus is Forex. However, I'd like to take Gold Spot market more serious and maybe within a few month from now enter it.



Quoting Gold Trader
my system is purely based on technical analysis. it generated 7000 pts in 1 month.

gt
  • #12
  • Aug 20, 2006 8:22am Aug 20, 2006 8:22am
here is a chart showing gbp/usd as of 18-aug. you can see the indicators at the bottom of the page.

gbp/usd rallied around 600 pts in a few days.

you can see how some of my indicators worked last week on gbp/usd, eur/usd, and gold here.


good luck

gt
Attached Image
  • #13
  • Aug 29, 2006 1:41am Aug 29, 2006 1:41am
sell gold (spot) - 617
stop - 621.5

gt
  • #14
  • Aug 29, 2006 2:55am Aug 29, 2006 2:55am
Quoting Gold Trader
sell gold (spot) - 617
stop - 621.5

gt

hi

whats your target for this trade?

thx
  • #15
  • Aug 29, 2006 3:00am Aug 29, 2006 3:00am
target could be around 608, 602
  • #16
  • Aug 29, 2006 2:58pm Aug 29, 2006 2:58pm
my target 608 was a direct hit. gold could not reach 602 today.

stop should be at 617 (entry).

gt
  • #17
  • Aug 29, 2006 10:50pm Aug 29, 2006 10:50pm
Do you trade Silver or only Gold ??? If you trade Silver, tell me your opinion about it & the difference between their charts in your opinion....


Thanks,

Nader
  • #18
  • Aug 30, 2006 12:02am Aug 30, 2006 12:02am
silver (spot) - 12.00 is very very strong support.
as long as silver is closing above 12 there could be a potential up move.

gt
  • #19
  • Aug 31, 2006 12:11pm Aug 31, 2006 12:11pm
...we got a pin bar on daily, formed right on the support/last low touch.
Support held, Gold made a pin and broke it upwards. It is already heading towards last barrier/move/range zone 630$ and almost there

Since my charts are too big to include in the post please click the links for illustration and details

We're also in a nice trend tunnel on 1h.

Good call on the short down to there though!!! =)))

Best of luck!

Daily Pin

Hourly channel
Trust price. Know yourself.
  • #20
  • Sep 1, 2006 4:17pm Sep 1, 2006 4:17pm
Quoting Gold Trader
silver (spot) - 12.00 is very very strong support.
as long as silver is closing above 12 there could be a potential up move.

gt

Thanks for the opinion I really appreciate it, I am back to my long silver position after the breakout yesterday...Silver did actually pull back to the breakout level & there I bought once again...

I can see a huge potential upmove, probably surpassing the past $15 levels...


Thanks,

Nader
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