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  • #321
  • Oct 8, 2012 9:08am Oct 8, 2012 9:08am
my trade this week short
eu 1.3920
ea 1.2830
Attached Image (click to enlarge)
Click to Enlarge Name: eahs.gif Size: 25 KB

gu 1.6130
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdd4.gif Size: 28 KB



these trade might be one day or 5 day trade...
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  • #322
  • Oct 8, 2012 4:05pm Oct 8, 2012 4:05pm
Hi all.Somthing little from me abou gold.The way i see if this 1 hr 200 ema holds it must go down.Ichi in sell,cloud uper line is 1 level (straight).Chinkou span is below price,tenkan and kijun in sell.On 4hr we are still above cumo and momentum is still not for sell but for almost 25 day price is in 20$range.No new buyers.it needs sell of to reload again.this is too long on hold.Possible target for that sell and some reload on buy would be 1737 or 4 hr 200 ema.we are almost 1 mounth around 20$ range arround 61 fib of1522-1920 price move
Attached Image (click to enlarge)
Click to Enlarge Name: e1.gif Size: 33 KB
  • #323
  • Oct 8, 2012 5:02pm Oct 8, 2012 5:02pm
this is what i'm seeing ...1.287x max neckline
shoulder is anywhere on the pink bottom channel support
-when is anywhere from 1month to 5 mths

RED lines are pivot points to pay particular attention to
if 1.293x is breached then should go higher otherwise done to pink bottom support tl
- if down then hs still intact



http://www.forexfactory.com/attachme...1&d=1349733425
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  • #324
  • Oct 9, 2012 10:06am Oct 9, 2012 10:06am
update in red

Quoting gnomoneey
my trade this week short
eu 1.2920 - holding still
ea 1.2830 - tp 1.2630 ...+200 pips profit
Attachment
gu 1.6130 - tp 1.6000 ...+130 pips
Attachment


these trade might be one day or 5 day trade...
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  • #325
  • Oct 9, 2012 3:50pm Oct 9, 2012 3:50pm
Quoting plesac
Hi all.Somthing little from me abou gold.The way i see if this 1 hr 200 ema holds it must go down.Ichi in sell,cloud uper line is 1 level (straight).Chinkou span is below price,tenkan and kijun in sell.On 4hr we are still above cumo and momentum is still not for sell but for almost 25 day price is in 20$range.No new buyers.it needs sell of to reload again.this is too long on hold.Possible target for that sell and some reload on buy would be 1737 or 4 hr 200 ema.we are almost 1 mounth around 20$ range arround 61 fib of1522-1920 price move
i put a sell at 1781 for tp 1774 but like you saw i didnt get the trade.
i had it first at 1779 then it was moving fast that i thought move it higher...
missed it by a 90pips....
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  • #326
  • Oct 9, 2012 7:41pm Oct 9, 2012 7:41pm
http://www.forexfactory.com/search.p...rchuser=235713
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  • #327
  • Oct 10, 2012 4:34am Oct 10, 2012 4:34am
Gold has completed a Triple Top formation on its Daily chart, with the third top rejected at the Daily range resistance, giving us a strong argument to be short now and is also corelated at the moment with the charts for EUR/USD , GBP/USD and EUR/JPY, all pointing bearish outlook.

Our setup is to short at the current price (for those that did not short already) on the Daily chart and we have another positioning opportunity on the H4 chart.

GOLD Daily

As you can see, we have a Triple Top formation on the Daily chart and price has already dropped significantly.
Sell at the current price with a stop loss above the range's resistance and a target near the middle of the range.We are also in a corrective stage for the 1589-1794 wave.

Next, we see that we have a potentially good entry to short on H4.

GOLD H4

The uptrend channel has been broken and price has dropped below the 1776.31 level and has broken its faster (blue) SMA as well. A Head and Shoulders formation has been confirmed - this gives us a strong argument for our short setup.
The proposed setup is to sell now with a stop loss above the broken level and a target near the next support of 1728.65 and near the 200 period SMA.

Good Luck.

See attached charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold daily 10.10.2012.jpg Size: 96 KB
Click to Enlarge Name: gold h4 10.10.2012.jpg Size: 100 KB
  • #328
  • Oct 10, 2012 6:54am Oct 10, 2012 6:54am
Quoting tmroland
Gold has completed a Triple Top formation on its Daily chart, with the third top rejected at the Daily range resistance, giving us a strong argument to be short now and is also corelated at the moment with the charts for EUR/USD , GBP/USD and EUR/JPY, all pointing bearish outlook.

Our setup is to short at the current price (for those that did not short already) on the Daily chart and we have another positioning opportunity on the H4 chart.

GOLD Daily

As you can see, we have a Triple Top formation on the Daily chart and price has...
my previous post if u havent read it yet

http://www.forexfactory.com/showthre...32#post5898932

http://www.forexfactory.com/showthre...20#post5951320


yes i suspect we will see hs forming with right shoulder about to form....lots of resistance there though.....lets hope and if thats the case we will see eur/usd at 1.18 area again.....




thanks for the post....
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  • #329
  • Oct 10, 2012 7:54am Oct 10, 2012 7:54am
what just sparked the selloff in gold?
"The market can remain irrational longer than you can remain solvent"
  • #330
  • Oct 10, 2012 8:00am Oct 10, 2012 8:00am
Quoting anton.olff
what just sparked the selloff in gold?
Good question.. volatility perhaps.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #331
  • Oct 10, 2012 11:17am Oct 10, 2012 11:17am
Quoting anton.olff
what just sparked the selloff in gold?
gold will move from 1795 to 1750
any breach in these numbers is potential breakout.
otherwise its just channeling in these numbers
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  • #332
  • Oct 14, 2012 12:59pm Oct 14, 2012 12:59pm
xau.usd a break and close on daily 1745 or below will be bearish otherwise up

aud.nzd buy 1.2525 tp 1.2614

aud.usd buy 1.0230 tp 1.0406

eur.aud sell 1.2662 tp 1.2507


for now after looking at the charts
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  • #333
  • Oct 15, 2012 5:05pm Oct 15, 2012 5:05pm
Quoting gnomoneey
xau.usd a break and close on daily 1745 or below will be bearish otherwise up

aud.nzd buy 1.2525 tp 1.2614

aud.usd buy 1.0230 tp 1.0406

eur.aud sell 1.2662 tp 1.2507


for now after looking at the charts
posted before sunday market opening

update monday after nyse closing

gold now 1736
aud.nzd 1.2565 +40 pips
aud.usd 1.0251 +21 pips
eur.aud 1.2629 +33 pips

not bad 94 pips in 25hrs of just monitoring every 4hrs
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  • #334
  • Oct 15, 2012 5:31pm Oct 15, 2012 5:31pm
S1 1738
S2 1725

If this h4 close below S1 then we are going to see S2 imo

let's see what happen in 1.5hrs

thanks,

G
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  • #335
  • Oct 16, 2012 5:28am Oct 16, 2012 5:28am
Quoting gnomoneey
xau.usd a break and close on daily 1745 or below will be bearish otherwise up

aud.nzd buy 1.2525 tp 1.2614

aud.usd buy 1.0230 tp 1.0406

eur.aud sell 1.2662 tp 1.2507


for now after looking at the charts
aud.nzd tp triggered with +89 pips profit

still trading and will monitor today
aud.usd +37 pips
eur.aud -3 pips
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  • #336
  • Oct 16, 2012 5:33am Oct 16, 2012 5:33am
Quoting gnomoneey
aud.nzd tp triggered with +89 pips profit

still trading and will monitor today
aud.usd +37 pips
eur.aud -3 pips
why did u sold eur.aud ? dun u think its in uptrend?
  • #337
  • Oct 16, 2012 5:39am Oct 16, 2012 5:39am
Quoting Brocklesnar
why did u sold eur.aud ? dun u think its in uptrend?
when i looked at the daily on the weekend it was on the way down and my moving averages where pointing to crossing which will give me my target

out of the 3 trades that one was more riskier than the other 2
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  • #338
  • Oct 16, 2012 5:43am Oct 16, 2012 5:43am
Quoting gnomoneey
when i looked at the daily on the weekend it was on the way down and my moving averages where pointing to crossing which will give me my target

out of the 3 trades that one was more riskier than the other 2
hmmm so what do u think now about Eur/Aud ? i need ur help i have a hedged position @ 1.2552 i want to open it what should i do ?
  • #339
  • Oct 16, 2012 5:57am Oct 16, 2012 5:57am
Quoting Brocklesnar
hmmm so what do u think now about Eur/Aud ? i need ur help i have a hedged position @ 1.2552 i want to open it what should i do ?
my opinion is that its respecting this upward channel and currently its struggling to rise up from bottom channel support.

so its either way at this moment for me.
1,2674 has been touched and resisted 3 times now will it finally break to the top side?
in other way you look at the h1 down and the stochastics is very overbought with it leaning to coming back down
-also h4 flat around 50 stochastic
- d1 going down
-w1 starting to head down

Attached Image (click to enlarge)
Click to Enlarge Name: eachannel.gif Size: 37 KB


i am still confident my ta will be profitable by end of week but will monitor more closey than the aud,usd.

good luck and thanks,

G

ps this is my point of view and is not meant for you to use a guideline to trade....
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  • #340
  • Oct 16, 2012 6:02am Oct 16, 2012 6:02am
yeah i was checking these things only as it tried three to four times to break up from 1.2674 but failed few indicators r showing overbought but few r giving indication of a strong buy area i m damn confused what to do as this stupid pair gave me a loss of 1400$..now i have to cover it any how



any trade in gold ???
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