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All Majors and Gold

  • #2,221
  • Jan 5, 2013 9:05am Jan 5, 2013 9:05am
Quoting Luis Carlos
Those kind of wedges in this case are correctives, that means that gold could be ranging for 4 months more before break 1920 (the white line) But if gold retest that red line again, the bull will return fast.

I am not saying that we could not go to 2000 from here, but I got that stone in my shoe!

Hi GM, LC and all. I am immediately bearish in gold and then looking for a position trade upwards. This view imho is invalidated of we take out 1550 to the downside. So I will be looking for signs of a good bottom. LC your chart shows a channel downwards and I think I am seeing 4 waves done now looking for the last wave down. My eyes will really be open from 1610 looking for a solid bottom

Olu
If you think you can or cannot do it you are correct
  • #2,222
  • Jan 5, 2013 9:18am Jan 5, 2013 9:18am
Quoting Olu
Hi GM, LC and all. I am immediately bearish in gold and then looking for a position trade upwards. This view imho is invalidated of we take out 1550 to the downside. So I will be looking for signs of a good bottom. LC your chart shows a channel downwards and I think I am seeing 4 waves done now looking for the last wave down. My eyes will really be open from 1610 looking for a solid bottom

Olu
With channel? I also think wave4 is done
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,223
  • Jan 5, 2013 9:29am Jan 5, 2013 9:29am
Also think that IF wave 4 is not done so we will break 1528 and the target will be (1300-1400)
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,224
  • Jan 5, 2013 9:34am Jan 5, 2013 9:34am
and I also think that G must get a little more drunk before trade..
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,225
  • Jan 5, 2013 9:35am Jan 5, 2013 9:35am
Quoting Luis Carlos
With channel? I also think wave4 is done
Olu are you selling the tops or buying bottoms?
Wooooohooooo or Boooooohooooo
  • #2,226
  • Jan 5, 2013 9:36am Jan 5, 2013 9:36am
hello all, i'm newbie.....
nice to meet you all...
may i ask, what a trend daily @ monday ?( 1.7.2013 )
sell @ , buy @ ?
thanks alottt


best regards,


riki
  • #2,227
  • Jan 5, 2013 9:37am Jan 5, 2013 9:37am
Quoting Luis Carlos
and I also think that G must get a little more drunk before trade..
Luis do you find that you get profoundly smarter when you are drunk. Well for me I do
Wooooohooooo or Boooooohooooo
  • #2,228
  • Jan 5, 2013 9:41am Jan 5, 2013 9:41am
Quoting gnomoneey
Luis do you find that you get profoundly smarter when you are drunk. Well for me I do
I dont drink G I cant tell you I need to research that
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,229
  • Jan 5, 2013 10:00am Jan 5, 2013 10:00am
Quoting Luis Carlos
With channel? I also think wave4 is done
Sorry I meant downtrend line as shown on the chart...

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #2,230
  • Jan 5, 2013 10:56am Jan 5, 2013 10:56am
Quoting gnomoneey
Olu are you selling the tops or buying bottoms?
selling tops...

Olu
If you think you can or cannot do it you are correct
  • #2,231
  • Jan 5, 2013 11:10am Jan 5, 2013 11:10am
Quoting Olu
Sorry I meant downtrend line as shown on the chart...

Olu
Nice chart Olu but look at it this way..... (This is daily GC so might be slightly different)

AB is the resistance line cloned to C giving a support line. Note at D there is a gap from line to price and at E a larger gap...

Could be indicative of heavier buying as price decreases??????? ie a "rounding" of support

beeb

EDIT - just noticed no A - it's obviously the high...
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-01-05_1806.png Size: 72 KB
  • #2,232
  • Jan 5, 2013 11:27am Jan 5, 2013 11:27am
Quoting beeb
Nice chart Olu but look at it this way..... (This is daily GC so might be slightly different)

AB is the resistance line cloned to C giving a support line. Note at D there is a gap from line to price and at E a larger gap...

Could be indicative of heavier buying as price decreases??????? ie a "rounding" of support

beeb

EDIT - just noticed no A - it's obviously the high...
You have a point Beeb. I agree with you that that last candle introduces some 'wait and see' elements into my theory. As the candle did score a new low on the daily chart. So it is possible that we have printed the low and could move up from here. Only time will tell. I was looking for 1610 area to consider long term longs but I would start stacking up if we break the downtrend line. Thanks for showing another perspective.
If you think you can or cannot do it you are correct
  • #2,233
  • Jan 5, 2013 12:19pm Jan 5, 2013 12:19pm
Quoting Goldminer
Hi gnomoneey
Does your stoch mean that gold oversold on monthly?
Or it could drop more down
sorry monthly stochastic on gold i dont follow

but weekly stochastic is looking to crossover to upward...so we might head higher...but i also dont look at that as i'm not a long trader
so i look at daily h4 and h1
Wooooohooooo or Boooooohooooo
  • #2,234
  • Jan 6, 2013 12:37am Jan 6, 2013 12:37am
Hi, one more chart
Attached Image (click to enlarge)
Click to Enlarge Name: 333.jpg Size: 96 KB
  • #2,235
  • Edited 11:05am Jan 6, 2013 1:15am | Edited 11:05am
Quoting Olu
Sorry I meant downtrend line as shown on the chart...

Olu
fri candle retraced at rn 1640
watching closely for a long trade next week
(i long the silver HERE)

looking for macd histogram to pass above 0 on h1
and/or h1 candles showing railway track sign

or watching good PA on M15/M30

imho
Attached Image(s) (click to enlarge)
Click to Enlarge Name: g d.gif Size: 35 KB
Click to Enlarge Name: g h1.gif Size: 28 KB
Trade As A Sniper
  • #2,236
  • Jan 6, 2013 10:59am Jan 6, 2013 10:59am
eu view

will sell on open as per my ma crossover and possible end of retracement
Wooooohooooo or Boooooohooooo
  • #2,237
  • Jan 6, 2013 6:57pm Jan 6, 2013 6:57pm
Quoting gnomoneey
eu view

will sell on open as per my ma crossover and possible end of retracement

sell 1.3072 on open
tp 1.3000
Wooooohooooo or Boooooohooooo
  • #2,238
  • Jan 6, 2013 7:22pm Jan 6, 2013 7:22pm
Asia time morning Short EJ 115.42
TP 115 took
  • #2,239
  • Jan 7, 2013 12:35am Jan 7, 2013 12:35am
Very Good Analysis And Trade G ! Keep It Up ! Always Learning From Your Guys !
Quoting gnomoneey
sell 1.3072 on open
tp 1.3000
  • #2,240
  • Jan 7, 2013 12:41am Jan 7, 2013 12:41am
Hi
gnomoneey


Whats up ??? Trade gold ??? any good signal till now ??? maybe its may some high like 100 pips... whats your opinion ???
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