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Price is everything

  • #7,761
  • Feb 3, 2011 1:55pm Feb 3, 2011 1:55pm
Quoting PhAnTi'


nope.^^

cable is the wickest pair this year so far for me.
if there is one pair that does get on my nerves its that cable


Attached Image (click to enlarge)
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north pole - eu
  • #7,762
  • Feb 3, 2011 2:14pm Feb 3, 2011 2:14pm
Nice one, well spotted.. is that the bearish Pattern forming?
looks like its about ready to RIPE and shoot down towards atleast 1350 ??
is that your target red? or is there any other levels you are looking at?
hk
Quoting redsword11
SOLD GOLD @ 1352.60 stop @ 1360.95


will bail before the stop, placed it just incase
  • #7,763
  • Feb 3, 2011 2:22pm Feb 3, 2011 2:22pm
Quoting hkkhanus
Nice one, well spotted.. is that the bearish Pattern forming?
looks like its about ready to RIPE and shoot down towards atleast 1350 ??
is that your target red? or is there any other levels you are looking at?
hk


its still not as bearish l thought it would be by now, but notice the rallies are getting weaker on lower tfs, this feature is usually demand consumption before drop, slv has just stopped dead too, so thats why l am assuming the minor bounces are demand consumption and not uptrend continuation


the bounces of demand consumption occured on EU before the drop, you might have remembered that discussion in here
  • #7,764
  • Feb 3, 2011 2:34pm Feb 3, 2011 2:34pm
yup, its sort of dragging a bit.
i am in the same trade too with the same SL and TP 1350
might come out soon if start falling asleep ..
not much experienced in gold at all, so ll wait and see..
or might just let it run with sl at1360 ? what you think? :o


Quoting redsword11
its still not as bearish l thought it would be by now, but notice the rallies are getting weaker on lower tfs, this feature is usually demand consumption before drop, slv has just stopped dead too, so thats why l am assuming the minor bounces are demand consumption and not uptrend continuation


the bounces of demand consumption occured on EU before the drop, you might have remembered that discussion in here
  • #7,765
  • Feb 3, 2011 2:46pm Feb 3, 2011 2:46pm
Quoting hkkhanus
yup, its sort of dragging a bit.
i am in the same trade too with the same SL and TP 1350
might come out soon if start falling asleep ..
not much experienced in gold at all, so ll wait and see..
or might just let it run with sl at1360 ? what you think? :o


we need further PA to really tell, but its not likely to happen tonight with NFP


need to stay the course for now, if l get to entry l might close it


will monitor
  • #7,766
  • Feb 3, 2011 4:33pm Feb 3, 2011 4:33pm
Quoting redsword11
we need further PA to really tell, but its not likely to happen tonight with NFP


need to stay the course for now, if l get to entry l might close it


will monitor

Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 136 KB




closed gold for now


re entered eu north, got taken @ BE
  • #7,767
  • Feb 3, 2011 4:36pm Feb 3, 2011 4:36pm
Quoting redsword11
Attachment



closed gold for now


re entered eu north, got taken @ BE
Hi Red,
i see a Bear flag forming on EU on H1, any thoughts?
also a descending triangle formation on H1 too
Attached Image
  • #7,768
  • Feb 3, 2011 4:40pm Feb 3, 2011 4:40pm
Quoting willkohsg
Hi Red,
i see a Bear flag forming on EU on H1, any thoughts?
also a descending triangle formation on H1 too

THAT IS NOT A BEAR FLAG - a bearflag rises


compare the most recent bear candles, have they increased in momemtum south or decreased in momentum south ..........
  • #7,769
  • Feb 3, 2011 4:43pm Feb 3, 2011 4:43pm
Quoting redsword11
THAT IS NOT A BEAR FLAG - a bearflag rises


compare the most recent bear candles, have they increased in momemtum south or decreased in momentum south ..........
oh..sorry i got it wrong..
they're decreasing in size and momentum south..

is that a compression formation?
looks like it's going to breakout but how do we know which side it's going to go?
by looking at the decreasing momentum of the bear candles?
  • #7,770
  • Feb 3, 2011 4:51pm Feb 3, 2011 4:51pm
Quoting willkohsg
oh..sorry i got it wrong..
they're decreasing in size and momentum south..

is that a compression formation?
looks like it's going to breakout but how do we know which side it's going to go?
by looking at the decreasing momentum of the bear candles?
as it appears at the moment - bear momentum decreasing, probability - goes north for atleast a correction - where exactly, l am aiming for 1.37400


if you go to lower tfs - you will see l pole north and a bullflag complete

l posted the north flagpole earlier


prices don't ALWAYS display compression before a turn, this isn't a good example of compression


all in long
  • #7,771
  • Feb 3, 2011 5:03pm Feb 3, 2011 5:03pm
Quoting redsword11
as it appears at the moment - bear momentum decreasing, probability - goes north for atleast a correction - where exactly, l am aiming for 1.37400


if you go to lower tfs - you will see l pole north and a bullflag complete

l posted the north flagpole earlier


prices don't ALWAYS display compression before a turn, this isn't a good example of compression


all in long
ok thanks for explaination Red
by the way wat would be the level for stops on this eu long?
  • #7,772
  • Feb 3, 2011 5:14pm Feb 3, 2011 5:14pm
Quoting redsword11
Attachment


demand zone - tidy

refer to chart for stop - under the demand zone
  • #7,773
  • Feb 3, 2011 5:35pm Feb 3, 2011 5:35pm
Hey RED,
do you see AUDUSD at longterm supply area now? I caught that last move with the help of your chart style, no wicks.
  • #7,774
  • Feb 3, 2011 5:40pm Feb 3, 2011 5:40pm
Quoting anthoniex
Hey RED,
do you see AUDUSD at longterm supply area now? I caught that last move with the help of your chart style, no wicks.


aud is @ supply and euraud is @ a demand zone too


this is a pre NFP setup l reakon
  • #7,775
  • Feb 3, 2011 5:44pm Feb 3, 2011 5:44pm
Quoting redsword11
aud is @ supply and euraud is @ a demand zone too


this is a pre NFP setup l reakon
thanks
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  • #7,776
  • Feb 3, 2011 6:16pm Feb 3, 2011 6:16pm
hi guys.good morning.if 1.36628 break my first target is 1.37827.
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Gold Expedition Return This Year: -15.9%
  • #7,777
  • Feb 3, 2011 6:26pm Feb 3, 2011 6:26pm
possible h&s pattern?will look closely.
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Gold Expedition Return This Year: -15.9%
  • #7,778
  • Feb 3, 2011 6:27pm Feb 3, 2011 6:27pm
Morning Red,

GBP looking bearish with the pin at supply level.

whats you take on this ?

Will she drop hard back to demand level again ?
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  • #7,779
  • Feb 3, 2011 6:35pm Feb 3, 2011 6:35pm
EU longterm. It appears we're at support at the moment
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  • #7,780
  • Feb 3, 2011 6:35pm Feb 3, 2011 6:35pm
Quoting honeybhi
Morning Red,

GBP looking bearish with the pin at supply level.

whats you take on this ?

Will she drop hard back to demand level again ?

Attached Image (click to enlarge)
Click to Enlarge Name: cable dtl.jpg Size: 86 KB



lets have a look @ intraday for the moment


this APPEARS like a break north for the moment - retrace then drop



........ good morning
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