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- MrBurns replied Apr 13, 2014
The 86% level is not always gospel you take a look below and you can use even smaller timeframes to determine the retracement....using harmonics and fibs.. 1. The Initial Run up is the Daily Buy Signal so we expect retracement. 2. Price fails to go ...
- MrBurns replied Apr 12, 2014
Harmonics are good for buying/selling corrections.... Fibonacci also. Check back on this in a month and see the results. FOR EXAMPLE .... Current AUD/NZD Daily Chart image
- MrBurns replied Apr 12, 2014
As I said above I am already LONG at a total position now of 12.07 as I closed my £11.83 Long and the stacked lots which recouped my losses. But currently sit about 1100 pips in the red on my total position at the moment. I am confident that now we ...
- MrBurns replied Apr 10, 2014
Gold pulling back off this 61.8 extension completing the crown formation target, would look to take shorts from 1322.00 for a retrace. Any thoughts? image
- MrBurns replied Apr 10, 2014
Target Achieved image
- MrBurns replied Apr 10, 2014
OK so this morning I am a happy man. Following yesterdays choppy price action, we have now reversed at the 86% retracement level (D1). I initially placed my LONG entry @ 12.07 on friday which was a sloppy entry. Price fell yesterday to £11.75. SO I ...
- MrBurns replied Apr 9, 2014
Ok, so Im very fairly confused about this morning. All the signs where there, but i suppose the market spooked me today, keeping my head up Looks like price is headed to take the stops below the last two weeks worth of price action. Ive averaged ...
- MrBurns replied Apr 8, 2014
I am currently Long from £12.07 targeting £14.00 so my entry I believe to be sufficient on the Long Term for money management purposes. Also, please look at my chart below, this is the area where price is trying to push off that upwards line on the ...
- MrBurns replied Apr 8, 2014
Anybody on the XAG/XAU Thread will already know my view on Silver but for the sake of my Journal and people asking my long term view and to see my chart then I shall post it here. SILVER/GBP I am firm Long term Bull on this pair for the next 3 ...
- MrBurns replied Apr 8, 2014
Gold now pushing for 1.618 extension target of 1325 @ H1/H4 Fibonacci swing. Didnt quite reach an entry at 1290, but the 38.2 retracement shows the strength of the BULLs at the moment. image Silver following suit also. However after price has now ...
- MrBurns replied Apr 7, 2014
Prime example of manipulation on Silver post Asia session/London Open this morning and its not over yet. Trading within range through Asia. London Opens. Big players sell and price drops lower to collect Stops below range. Creating a large Influx of ...
- MrBurns replied Apr 5, 2014
Do you feel confident about these pips777? What was the reason you opened short at these levels? I think your good for a breakeven on the two upper Shorts, but the lower two i fear they may already lost and unable to go back in to profit ...
- MrBurns replied Apr 4, 2014
Thanks, If you scroll back a few pages there is a mention of a "random buyer spike" which was the sign to go long before the news. That spike setup the technicals on both Gold and Silver. That was a whale buying contracts no question about it. Just ...
- MrBurns replied Apr 4, 2014
The failure to go lower at 1285 is more of a confirmation that market wants to push higher to collect large short orders and stop out people already Short in the market. May not even reach 1305 and turn short at 1298 before it breaks H1 highs. Any ...
- MrBurns replied Apr 4, 2014
LOL Bears why you not invite me to your party? Do more analysis, stop listening to other people, be confident. image
- MrBurns replied Apr 3, 2014
"my pips!!!!!!!! " lol image
- MrBurns replied Apr 3, 2014
Read it again, I dont think anybody here knows where Gold is off to, but you got to love my silver calls right, hey hey ? And this is Gold and Silver thread after all Ill show you mine if you show me yours and before you bite ...
- MrBurns replied Apr 2, 2014
Thats not randomness thats a whale positioning himself long. Same spike in Silver, id say we see another move up tomorrow image
- MrBurns replied Apr 1, 2014
This is what stands out for me.... cant deny thats a strong sell off taking 3 months to retrace. PLus you tend to see monthly highs lows at the start or end of the month. April 1st Fools Day. Lets hope i aint one of them lol image
- MrBurns replied Mar 31, 2014
Thank you sir! I find holding positions very frustrating as i am very impatient. However this is a lovely setup. I think n entry anywhere above 141.90 is a safe bet and not chasing, as this is previous support which wont hold. image