For the last 2 weeks all analyst by no means said "that is
it for the gold", yesterday some analyst refer to 200 moving average and RSI
they are the reason that gold going down, Today NBC said there is a bubble
in the gold and it is going down, tomorrow someone will find something else,
the bottom line is, nothing go up forever, nothing go down forever, but when
the market has proved you wrong so many time, you should stop and leave it
alone, stop looking like and Idiot who is trying to prove a point when there is
no point, ad long as the gold going up investors should keep buying and lock
profits, when the gold start to go down, we all will know, but now the gold
still going and going and going. THERE IS NOTHING WRONG SAYING I WAS
WRONG. SO NOW WE HAVE THREE KIND OF ANALYSIS, KNUCKLE HEADS, HARD
HEADS AND SHIT HEADS, THE LAST ONE IS THE ONE WHO ALWAYS
WRONG EVEN WHEN HE IS RIGHT.
- #7,382
- Aug 22, 2011 7:41pm Aug 22, 2011 7:41pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
AUD/USD
Technical analysis chart work; Made possible by Fibonacci!
Dan
- #7,383
- Aug 22, 2011 8:05pm Aug 22, 2011 8:05pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
EUR/USD
For me, I'm staying away from this one until we get direction.
Dan
- #7,384
- Aug 22, 2011 8:45pm Aug 22, 2011 8:45pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
EUR/CHF
Dan
- #7,385
- Aug 22, 2011 9:26pm Aug 22, 2011 9:26pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
A new set of GOLD charts
Every time frame has it's own swing, targets, and trouble areas.
Remember, 61.8 is the barrier, 100% is Target 1. 138.2 and 150.0 are sub-targets, 161.8 is (full) Target 2. After any target is met, expect a possible retrace (especially in the larger time frames). many times you will get a retrace to the 61.8 after hitting the 100%.
Take things level by level, but you do not move on to the next level until the current level is broken.
In this instance GOLD has been on a tear! Any time you have moves like this you can expect a re-trace. The most recent retrace we had started on 8.10.11. The re-trace had a 61.8 of 1717, this was my barrier. If this was broke we started plotting targets to the downside...but the barrier held. Remember, always keep this price points in memory!
Since then there has been a strong up-move again, another retrace would not be a surprise. But we take things level by level...keeping in mind each time frame has it's own swings, targets, trouble areas and barriers.
Dan
- #7,388
- Aug 23, 2011 2:13am Aug 23, 2011 2:13am
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
For the last 2 weeks all analyst by no means said "that is
it for the gold", yesterday some analyst refer to 200 moving average and RSI
they are the reason that gold going down, Today NBC said there is a bubble
in the gold and it is going down, tomorrow someone will find something else,
the bottom line is, nothing go up forever, nothing go down forever, but when
the market has proved you wrong so many time, you should stop and leave it
alone, stop looking like and Idiot who is trying to prove a point...
True, so true!
- #7,391
- Aug 23, 2011 5:26am Aug 23, 2011 5:26am
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
Finally some movement in these currency prices.
Here is an example of price action in the GBP/USD. Notice once we broke above the 61.8 (1.6528) we went straight up to sub-target 138.2 (1.6569). After we hit the sub-target we retraced several times to the 100% target (1.6549). Remember that we had never retraced to the 61.8, we blew right passed it. No worries, after some time was spent going between the 138.2 and 100% we went up to the 138.2 and then down to check the 61.8 (1.6528)
There is order in the world>>>
Go Fibonacci!
- #7,392
- Aug 23, 2011 7:40am Aug 23, 2011 7:40am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
That was a nice trade, they were all ready from last night, baaaaaaaam., Thanks Daaaaaaan. Now i want to hear what they going to say. Blllllllllllllllllllllaaaaa.
[size="4"][font="Comic Sans MS"]Finally some movement in these currency prices.
Here is an example of price action in the GBP/USD. Notice once we broke above the 61.8 (1.6528) we went straight up to sub-target 138.2 (1.6569). After we hit the sub-target we retraced several times to the 100% target (1.6549). Remember that we had never retraced to the 61.8, we blew right passed it. No worries, after some time was spent going between the 138.2 and 100% we went up to the 138.2 and then down to check the 61.8 (1.6528)
There is order...
- #7,393
- Aug 23, 2011 9:09am Aug 23, 2011 9:09am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Where are you man, i am taking this one like bubble gum, up and down
That was a nice trade, they were all ready from last night, baaaaaaaam., Thanks Daaaaaaan. Now i want to hear what they going to say. Blllllllllllllllllllllaaaaa.
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- #7,394
- Aug 23, 2011 1:37pm Aug 23, 2011 1:37pm
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
- #7,395
- Aug 23, 2011 2:33pm Aug 23, 2011 2:33pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
Gold
Swing by Swing, level by level...every time frame has it's own swings, targets, trouble areas.
Here is the 240 chart
Dan
- #7,396
- Aug 23, 2011 2:37pm Aug 23, 2011 2:37pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
Where are you man, i am taking this one like bubble gum, up and down
Attachment
LOL, like bubble gum?
LOL, 
- #7,397
- Aug 23, 2011 3:41pm Aug 23, 2011 3:41pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Goooooooooooooold, They believe in the bubble, we go with the bubble, baaaaaaaaaam.
LOL, like bubble gum?
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LOL,
- #7,398
- Aug 23, 2011 4:06pm Aug 23, 2011 4:06pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
USD/JPY THE TURTLE IS VERY TIRED. YOU CAN BID ON IT WITH CONFIDENCE, IT ONLY MOVES 1/2 PIP EVERY 6 MONTH.
- #7,399
- Aug 23, 2011 4:17pm Aug 23, 2011 4:17pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
gbp/usd support and resistance
- #7,400
- Aug 23, 2011 4:37pm Aug 23, 2011 4:37pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Aud Usd support and resistance, alot of traders got wacked from aussie.
