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All Majors and Gold

  • #5,921
  • May 15, 2013 9:17am May 15, 2013 9:17am
from Elliot waves prospective we still in the beginning of wave 3 so we still have huge move that might send price beyond 1320
  • #5,922
  • May 15, 2013 9:18am May 15, 2013 9:18am
well, I am not pretending here for position take advicer.
as for me, I am going to short at 1427. others may follow small upside move.

all depends on money management, risk and trade systems.

Quoting gnomoneey
{quote} bingo brother.......when do you confirm this....and what should the plan be... thanks G
  • #5,923
  • May 15, 2013 9:23am May 15, 2013 9:23am
Quoting samadum
well, I am not pretending here for position take advicer. as for me, I am going to short at 1427. others may follow small upside move. all depends on money management, risk and trade systems. {quote}
just making sure noobs understand and see certain strategies on postion trades....actually this is only your views not an advise...

for me I look at what the trend is....
then trade that direction only
- if you trade opposite and your views are incorrect then you lose but if you are patient and wait for confirmation then you have better pertentqage of doing it right....
trying to catch both direction is only good until you get killed....better be safe than sorry and have patience along with trusting your system and plan.

thanks,

G
Wooooohooooo or Boooooohooooo
  • #5,924
  • May 15, 2013 9:24am May 15, 2013 9:24am
Silver making news lows for the day ...check the hourly candle. Gold following
  • #5,925
  • May 15, 2013 9:24am May 15, 2013 9:24am
+1.

new LL by the way

Quoting gnomoneey
{quote} just making sure noobs understand and see certain strategies on postion trades....actually this is only your views not an advise... for me I look at what the trend is.... then trade that direction only - if you trade opposite and your views are incorrect then you lose but if you are patient and wait for confirmation then you have better pertentqage of doing it right.... trying to catch both direction is only good until you get killed....better be safe than sorry and have patience along with trusting your system and plan. thanks, G
  • #5,926
  • May 15, 2013 9:26am May 15, 2013 9:26am
Quoting gnomoneey
{quote} patience brother.....
Yes.. It it my 2 new orders short 1415 & 1405.. Target 1395...
  • #5,927
  • May 15, 2013 9:27am May 15, 2013 9:27am
1404 gold ....

broke support from april 23 and 24 of 1403-1404 area....does this mean lower ...imo yes at this time

also I see most likely tomorrow a big drop....let's see if my ma's are right
Wooooohooooo or Boooooohooooo
  • #5,928
  • May 15, 2013 9:28am May 15, 2013 9:28am
Is it time to short the DOW?
  • #5,929
  • May 15, 2013 9:30am May 15, 2013 9:30am
Quoting traderblah
Is it time to short the DOW?

what happens when ny summer comes....and why is that occurs?
what happens when October comes....same reason as first question....
Wooooohooooo or Boooooohooooo
  • #5,930
  • May 15, 2013 9:31am May 15, 2013 9:31am
Quoting k3nshinz3139
{quote} Yes.. It it my 2 new orders short 1415 & 1405.. Target 1395...

you're a madman......

let's here some


WOOOOOOOOOHOOOOOOO
Wooooohooooo or Boooooohooooo
  • #5,931
  • May 15, 2013 9:34am May 15, 2013 9:34am
open daily chart. draw fib from 1320 to 1487.
we are right at fib zone of recent "uptrend".

just be aware.
  • #5,932
  • May 15, 2013 9:35am May 15, 2013 9:35am
Quoting gnomoneey
{quote} you're a madman...... let's here some WOOOOOOOOOHOOOOOOO
"It is not enough to have a good mind; the main thing is to use it well"
  • #5,933
  • May 15, 2013 9:36am May 15, 2013 9:36am
Quoting samadum
open daily chart. find recent draw fib from 1320 to 1487. we are right at fib zone of recent "uptrend". just be aware.
Been saying that since last night.....what usually happens on fib retracement....it lands around 38,50 61....then reverses....

patience....
Wooooohooooo or Boooooohooooo
  • #5,934
  • May 15, 2013 9:38am May 15, 2013 9:38am
Quoting gnomoneey
{quote} you're a madman...... let's here some WOOOOOOOOOHOOOOOOO
Hahahahahaha another 800 pips !!! Closed and need to sleep now enough for today... Left 1 unit short 1405.. TP wait for tomorrow.. Target 1385


Good night everyone.. Good luck to you all !!
  • #5,935
  • May 15, 2013 9:38am May 15, 2013 9:38am
1387....next support and also fib level of 132x to 148x---I put x because too lazy to put proper values....
Wooooohooooo or Boooooohooooo
  • #5,936
  • May 15, 2013 9:40am May 15, 2013 9:40am
Quoting k3nshinz3139
{quote} Hahahahahaha another 800 pips !!! Closed and need to sleep now enough for today... Left 1 unit short 1405.. TP wait for tomorrow.. Target 1385 Good night everyone.. Good luck to you all !!
always close a few dollars from the support.....this way if it bounces you'll definitely catch....reason I told you last trade of 1407...remember....
Wooooohooooo or Boooooohooooo
  • #5,937
  • May 15, 2013 9:45am May 15, 2013 9:45am
after 1387 then 1361
Wooooohooooo or Boooooohooooo
  • #5,938
  • May 15, 2013 9:46am May 15, 2013 9:46am
Quoting k3nshinz3139
{quote} Hahahahahaha another 800 pips !!! Closed and need to sleep now enough for today... Left 1 unit short 1405.. TP wait for tomorrow.. Target 1385 Good night everyone.. Good luck to you all !!
I would stay awake....money is calling you
Wooooohooooo or Boooooohooooo
  • #5,939
  • May 15, 2013 9:49am May 15, 2013 9:49am
Quoting gnomoneey
after 1387 then 1361

for today???????????????
  • #5,940
  • May 15, 2013 9:53am May 15, 2013 9:53am
Quoting Tech-A
My personal view on GOLD is that price is testing the support at the 23.6% Fibonacci expansion 1426.2 If price breaks below that with say a good 1 hour or 4 hour close then that would leave the 38.2% fib expansion level 1387.0 vulnerable to a test. The resistance is at the 0.61.8% fin expansion 1487.9. {image}

As mentioned on my post a few days ago: http://www.forexfactory.com/showthre...66#post6675666

Daily Chart From Previous Post:

Attached Image (click to enlarge)
Click to Enlarge Name: Gold Ounce USD.png Size: 46 KB


And also follow up post here: http://www.forexfactory.com/showthre...45#post6677045

1426 broke and target at the 38.2% expansion level is within reach now.

No need to get hysterical and trying to guess every tick or where it will be trading each and every day.

Just keep it simple, plot out the chart, and have patience for the market to take shape and provide the trade set-up.
Twitter: @JustTradingFX
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