I can't tell you how educational these market analyses are that you post. These are the nuancess that are very difficult for me to grasp, as they aren't straightforward indicators on a chart. It is immensely appreciated.
- #35,081
- May 17, 2012 3:31pm May 17, 2012 3:31pm
- | Joined Mar 2012 | Status: PA & VSA "lead" the way | 414 Posts
- #35,082
- May 17, 2012 4:01pm May 17, 2012 4:01pm
- | Joined Mar 2012 | Status: PA & VSA "lead" the way | 414 Posts
Market Comment:
But, overall, it looks like the market bias is now reversing to anti-USD again. And any PA exceptions might just be deceptions; the market still lusting after anti-USD positions and trying to sucker in "wrong side" traders to give the market that extra liquidity it needs to build anti-USD positions.
-tah
Gold, however, "seems" to have made its intentions clear and would agree with TAH.
The chart is highly speculative, of course. I have been watching and trading this for a very long time. It's a little messy, but look very closely as there are many interesting things on it. This COULD be a very long term bottom for Gold, since the Elliot Wave pattern is potentially complete right from Gold's top.
The other possibility in my mind and being careful about, is the channel b/o is a fakeout, and maybe its not done going down. No one knows.
So as usual, they have tried to keep things as unclear as possible, for their own greedy purposes. Tomorrow or next week should be very telling.
Dragon is turning up H4, and is up long ago on all smaller TF's. I closed my Gold short and started a long position and will look to add other longs very soon like Eur etc.
- #35,084
- May 17, 2012 6:03pm May 17, 2012 6:03pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EU trade update:
This EU trade (M1 classic SonicR entry) was followed late the next day with a Scout entry. This is getting ridiculous....up/dn galore, and getting nowhere.
However, Sonicers, I hold out great hopes for these two trades. Why, any year now, they could start to move!
This EU trade (M1 classic SonicR entry) was followed late the next day with a Scout entry. This is getting ridiculous....up/dn galore, and getting nowhere.
However, Sonicers, I hold out great hopes for these two trades. Why, any year now, they could start to move!
- #35,085
- Edited 6:28pm May 17, 2012 6:09pm | Edited 6:28pm
- | Joined Mar 2012 | Status: PA & VSA "lead" the way | 414 Posts
Here are some more views on Gold, including where it sits ATM.
Note the very conflicting information, this is the manipulators hard at work imho
So, miners has a H&S already broken and backtested. Gold broke through a H&S, and 1600 "could" be the backtest. OR, we can power through either Neckline I have drawn, and the whole pattern will FAIL.
H&S does coincide with my long term EW count.
The biggest problem I have with Gold topping, is I was never able to count a proper impulse down. So the whole damn thing looks corrective as my prior post shows. We might find out soon, what is the correct interpretation.
The one MT4 chart is the current situation, it is squished couldn't get it any better unfortunately but the info is there and count looks good from top.
I am conflicted on Gold ATM, and I'll bet most Technicians are. This is 100% on purpose imho, but for now I think it is safest to go with the H&S patten breakdown.
p.s - forget all the Indy's at the bottom, just haven't had time to remove them from years ago on my 400+ charts
p.s.s - remember it might be better to just ignore my charts as ANDY is the "expert" on H&S, and all my stuff is just shit
Note the very conflicting information, this is the manipulators hard at work imho
So, miners has a H&S already broken and backtested. Gold broke through a H&S, and 1600 "could" be the backtest. OR, we can power through either Neckline I have drawn, and the whole pattern will FAIL.
H&S does coincide with my long term EW count.
The biggest problem I have with Gold topping, is I was never able to count a proper impulse down. So the whole damn thing looks corrective as my prior post shows. We might find out soon, what is the correct interpretation.
The one MT4 chart is the current situation, it is squished couldn't get it any better unfortunately but the info is there and count looks good from top.
I am conflicted on Gold ATM, and I'll bet most Technicians are. This is 100% on purpose imho, but for now I think it is safest to go with the H&S patten breakdown.
p.s - forget all the Indy's at the bottom, just haven't had time to remove them from years ago on my 400+ charts
p.s.s - remember it might be better to just ignore my charts as ANDY is the "expert" on H&S, and all my stuff is just shit
- #35,087
- Edited 8:56pm May 17, 2012 8:30pm | Edited 8:56pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
- #35,098
- Edited 7:20am May 18, 2012 6:30am | Edited 7:20am
- Joined Feb 2011 | Status: Trader | 1,825 Posts
- #35,099
- May 18, 2012 6:47am May 18, 2012 6:47am
- | Joined Mar 2012 | Status: PA & VSA "lead" the way | 414 Posts
Andy, its obvious you have some knowledge of TA, however you were wrong about the H&S. Why don't you admit it so we can move on, and like TAH says, maybe we can work together going forward?
You need to take back your "talk shit" comment as well, or I will bury you every chance you give me.
I will bury the hatchet, if you do.
You need to take back your "talk shit" comment as well, or I will bury you every chance you give me.
I will bury the hatchet, if you do.
- #35,100
- May 18, 2012 9:04pm May 18, 2012 9:04pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
afternoon guys 6pm here
horray... + 41 pips , my loss this morning rebound
, could make jealousInserted Video
