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  • #101
  • Aug 25, 2011 2:59am Aug 25, 2011 2:59am
http://img849.imageshack.us/img849/7271/gu25082011.png

The way I see it on GU, we eigher crack below 50 now and hit target on shorts, or rally towards 6440 only to get rejected and reach 6250-70 area anyway. So either way it's short only.
  • #102
  • Aug 25, 2011 3:05am Aug 25, 2011 3:05am
http://img845.imageshack.us/img845/8770/dji25082011.png

Heres the DJI chart, to answer the question about gold. There is an inverse correlation between two markets, and currently it's very strong.

Once the line is confirmed as resistance and DJI starts to accelerate downwards I expect gold to pick up more strength and try for 2000, since there is not much serious resistance on it's way to 2000.

To time this trade I would refer to the DJI charts first.
  • #103
  • Aug 25, 2011 3:48am Aug 25, 2011 3:48am
Now Ive setup a pending sell order on GU @ 6343 TP @ 6270. PA is deceptive and seems the dollar found some support.
  • #104
  • Aug 25, 2011 3:53am Aug 25, 2011 3:53am
Quoting ruffryders
Now Ive setup a pending sell order on GU @ 6343 TP @ 6270. PA is deceptive and seems the dollar found some support.
same deal on EU short sell @ 4437 SL previous high. On H1 EU it's a tall wick.
  • #105
  • Aug 25, 2011 4:37am Aug 25, 2011 4:37am
Quoting ruffryders
http://img849.imageshack.us/img849/7271/gu25082011.png

The way I see it on GU, we eigher crack below 50 now and hit target on shorts, or rally towards 6440 only to get rejected and reach 6250-70 area anyway. So either way it's short only.
yes, this is also h&s 's target closed 6370 flat now...
ı'm monitoring gold
  • #106
  • Aug 25, 2011 4:49am Aug 25, 2011 4:49am
Quoting riko2705
yes, this is also h&s 's target closed 6370 flat now...
ı'm monitoring gold
gold is short only until at least 1670, then it might find support and close attention on DJI, if it dives from current levels, it's a good idea to get in long gold.
  • #107
  • Aug 25, 2011 4:58am Aug 25, 2011 4:58am
GU looks like reversing now.
  • #108
  • Aug 25, 2011 5:10am Aug 25, 2011 5:10am
ill try for 6440
  • #109
  • Aug 25, 2011 5:47am Aug 25, 2011 5:47am
man this is insane, PA is playing ping-pong, I got out bot EU / GU and will wait for high/low to be printed and then enter a trade.

GU 6270-6280 looks like a tentative buy-zone.
  • #110
  • Aug 25, 2011 5:54am Aug 25, 2011 5:54am
Quoting ruffryders
gold is short only until at least 1670, then it might find support and close attention on DJI, if it dives from current levels, it's a good idea to get in long gold.
thanks rufry..
have any reason for 1670, except there is a window overthere?
good trading
  • #111
  • Aug 25, 2011 5:55am Aug 25, 2011 5:55am
looking @ H4 EU we are into the wedge formation, however the H4 red long-tailed candle kinda looks as though we are to print some price above 4500, before this pattern finds a resolution.

http://img197.imageshack.us/img197/2120/euh4new.png
  • #112
  • Aug 25, 2011 6:01am Aug 25, 2011 6:01am
Quoting riko2705
thanks rufry..
have any reason for 1670, except there is a window overthere?
good trading
yeah, cause it's an area of technical confluence and also MR1.

http://img84.imageshack.us/img84/9018/gldh4.png
  • #113
  • Aug 25, 2011 6:09am Aug 25, 2011 6:09am
Quoting ruffryders
yeah, cause it's an area of technical confluence and also MR1.

http://img84.imageshack.us/img84/9018/gldh4.png
thank you, good trading
  • #114
  • Aug 25, 2011 6:10am Aug 25, 2011 6:10am
On gold generally cause we ran out of monthly resistances, what I did was I calculated the Pivot and S/R levels on my own. Here are the levels.


R52084
R41914.666667
R31745.333333
R21660.666667
R11581.333333
quarter pivot1496.666667
S11417.333333
S21332.666667
S31253.333333


Now since we are below R3 and price slided through that level with a tall candle, I'd expect R2 as the next level, where PA might slow down.
Generally I think we are way over the quarter pivot (1500) and I'm not sure if we can crack the upside above 1914 really. Only if the DOW takes another blow and plunges below 10000 mark.
  • #115
  • Aug 25, 2011 6:43am Aug 25, 2011 6:43am
boring no event day probably that's what it's gonna be.
  • #116
  • Aug 25, 2011 7:46am Aug 25, 2011 7:46am
Quoting ruffryders
On gold generally cause we ran out of monthly resistances, what I did was I calculated the Pivot and S/R levels on my own. Here are the levels.


R52084
R41914.666667
R31745.333333
R21660.666667
R11581.333333
quarter pivot1496.666667
S11417.333333
S21332.666667
S31253.333333


Now since we are below R3 and price slided through that level with a tall candle, I'd expect R2 as the next level, where PA might slow down.
Generally I think we are way over the quarter pivot (1500) and I'm not sure...
thank you for the numbers . noted
  • #117
  • Aug 25, 2011 7:53am Aug 25, 2011 7:53am
No problem at all bro!

Also GU 6337 short is on now, just below strong level.
  • #118
  • Aug 25, 2011 3:18pm Aug 25, 2011 3:18pm
good trading

closed 1750 1725 gold long..
will be watching if daily hammer confirm...
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  • #119
  • Aug 26, 2011 2:28am Aug 26, 2011 2:28am
sorry guys no high/low today on EU/GU due to travelling. I'm working on polishing the system to do high/low forecasting for daily and weekly. I will post new highs/lows over weekend.

Meanwhile, I'm suggesting the following:

GBP JPY short sell @ 124.87 SL 40 TP 120 (123.60). GJ is in a strong downtrend and once PA takes out 124.20-40 area (strong supp) we will likely hit 122-123 area.

see you soon guys!
  • #120
  • Aug 26, 2011 3:00am Aug 26, 2011 3:00am
Quoting ruffryders
sorry guys no high/low today on EU/GU due to travelling. I'm working on polishing the system to do high/low forecasting for daily and weekly. I will post new highs/lows over weekend.

Meanwhile, I'm suggesting the following:

GBP JPY short sell @ 124.87 SL 40 TP 120 (123.60). GJ is in a strong downtrend and once PA takes out 124.20-40 area (strong supp) we will likely hit 122-123 area.

see you soon guys!
have a good weekend
pending short 6290.
got comment?
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