New voice message: Why are you calling me? If I need you, I'll call you!
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
Twitch Journal - Live Journal 4 replies
Another Trading Journal - Yuhu's Journal 16 replies
My Personal journal up 18% in 2 months going to start a journal 8 replies
Newbie Factory Journal 12 replies
Trading Diary/Journal 5 replies
DislikedBullish engulfing pattern was not confirmed with a higher level of volume. It looks more like a position/short covering and profit booking rather than a engulfing candle which usually occurs with established new long positions.Ignored
DislikedDon't forget it was Friday, so its a little weird to expect higher volume as most traders are only thinking of happy hour and weekend.Ignored
DislikedGold Chart:
http://i28.photobucket.com/albums/c2...dpicture-1.png
That 'Buy Zone' line was marked at the beginning of last week, which we touched on Friday in last 4 hours of weekly trading and it bounced from there..
We have a Symmetrical Triangle on Gold which 'by books' is a continuation of existing trend, but is not completely true. Look for a false breakout or a confirmation first, or buy at dips from green line with proper MM.Ignored
DislikedGold is supported by sovereign buying and fundamentals:
http://i28.photobucket.com/albums/c2...dpicture-4.pngIgnored
DislikedMy Gold chart updated after the last week's chart posted above:
http://i28.photobucket.com/albums/c2...dpicture-5.pngIgnored
DislikedIgnored
DislikedHey Purple, i see you were on top of the Break out - good call man.
Anyway, Gold seems like it has maintianed its gaining , i don't trade it - but i use it as an indicator to what can happen to EURUSD. Where do you think the next station for it ?
Because i think, since the fundamentals surrounding it " Uncertainty about EURO future and waiting for the German Court to give its verdict on bond purchasing , QE 3 up and in the air and Golbal growth Slowing down and some believe that the Chinese Data are worse than reported ... "
At least...Ignored
DislikedGold finally breaks out, with the target to 1753:
Time to erase old Fibs and draw new ones.
http://i28.photobucket.com/albums/c2...dpicture-9.pngIgnored
DislikedWith the 57th Presidential US election due on November 6, which is less than 2 months from now, I do not expect expect any sharp moves to the down-side in coming days/months.
Short term traders who undermine Fundamentals often find themselves caught in short squeeze. I am expecting present uptrend to continue. The channel which we have seen mature in summer months should hold on till November beginning at least.
The Announcement of ECB Bond Buying program has brought stability to Euro Bond yields for a longer time frame than actually realized...Ignored
DislikedThe Euro crisis hasn't even started yet. Why do you think they had to ignore democracy and national constitutions to stabilize it? There is a lot more bad news to come out of the European banking establishments including the ECB itself. Most of the 17 EZ nations have had credit downgrades or are on negative watch. Banks are loaded with toxic assets, most of which are bad mortgages and sovereign bonds which will soon require another haircut for Greece and first time haircuts for Ireland, Portugal, Spain and Italy... possibly even Cyprus and Belgium...Ignored