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All Majors and Gold

  • #9,501
  • Jan 8, 2014 6:42pm Jan 8, 2014 6:42pm
Quoting gnomoneey
gold view current price 1225.27 im seeing an inverse hs by right shoulder about to complete at 1246 - currently right shoulder peak should be around 1216 but may breach that level or just continue to 1246 target if inverse hs closes will be at approximately 128x a close below 1214 will and should invalidate the inverse hs imo


what tf are you referring to?
Gold is my pleasure.
  • #9,502
  • Jan 8, 2014 6:44pm Jan 8, 2014 6:44pm
Quoting jebataro
{quote} what tf are you referring to?
h4 inverse hs can be seen
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  • #9,503
  • Jan 8, 2014 7:40pm Jan 8, 2014 7:40pm
gbpusd view 1.64514

0% 1.4830
100% 1.6341
161.8% 1.7274 also the D of ab=cd
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  • #9,504
  • Jan 8, 2014 9:37pm Jan 8, 2014 9:37pm
Quoting gnomoneey
my view on usdcad (current price) 1.0815 price goes to 1.0875 - if resist we should see 0.9930 before going toward 1.12-1.15
Hi G, Looks like H4 pattern is failing but some ideas on CAD if anything can slow it down.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcadmonthly18.jpg Size: 161 KB
Click to Enlarge Name: eurcadweekly.jpg Size: 187 KB
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  • #9,505
  • Jan 8, 2014 10:51pm Jan 8, 2014 10:51pm
want ur comment G

After falling nearly $300/oz. on 6/28, Gold (XAUUSD) has just completed a retest of 6-month lows in the 1188 area on 12/20. On the chart above, you can clearly see the double pattern unfolding. Gold’s slow and steady rebound has led to three days above the previous downtrend line. RSI is a technical indicator that traders use to determine momentum.
RSI generates a buy signal when it moves below 30 and rise to above 30. RSI also generates a buy signal when it moves above 50. RSI stands at 54 which is bullish for gold. Measuring the height of the pattern we get about 245 gold pips. Adding this to the top of the pattern and we get a profit target just above $1600/oz. Remember to place no more than 2% of your account at risk on any one trade as pattern failure and whipsaws are possible that could trigger stops. The double bottom pattern can be a ‘golden’ ticket for traders because its ease of use.[

[http://www.dailyfx.com/forex/educati...m_on_Gold.html

]nice information [
  • #9,506
  • Jan 9, 2014 8:27pm Jan 9, 2014 8:27pm
Quoting razaali
want ur comment G After falling nearly $300/oz. on 6/28, Gold (XAUUSD) has just completed a retest of 6-month lows in the 1188 area on 12/20. On the chart above, you can clearly see the double pattern unfolding. Gold’s slow and steady rebound has led to three days above the previous downtrend line. RSI is a technical indicator that traders use to determine momentum....
right now 1250 1267 1287 1320
before I even think about 1600 retracement.....
sorry for late reply
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  • #9,507
  • Jan 9, 2014 8:36pm Jan 9, 2014 8:36pm
eurusd view after todays ecb meeting

purple horizontal lines are areas of interests
- after ecb a completion of head of the hs and 1.3634 as the top of shoulder what im looking for...then drop to 1.35494 for completion of hs
-target is 61.8 fib of 1.319x for hs target completion


Attached Image (click to enlarge)
Click to Enlarge Name: eurusdjan10h1hstarget.png Size: 96 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurusdjan10hstargetfib618.png Size: 96 KB
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  • #9,508
  • Jan 9, 2014 10:21pm Jan 9, 2014 10:21pm
Quoting gnomoneey
{quote} right now 1250 1267 1287 1320 before I even think about 1600 retracement..... sorry for late reply
if double bottom really played here , the target on double bottom is 1600 as u think 1600 retracement
  • #9,509
  • Jan 9, 2014 10:31pm Jan 9, 2014 10:31pm
Quoting razaali
{quote} if double bottom really played here , the target on double bottom is 1600 as u think 1600 retracement
not convinced that 1180 is going to last and will eventually be broken
just my opinion.....
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  • #9,510
  • Jan 9, 2014 10:40pm Jan 9, 2014 10:40pm
Quoting gnomoneey
{quote} not convinced that 1180 is going to last and will eventually be broken just my opinion.....
this post u r saying 1180 will broken

Quoting gnomoneey
{quote} right now 1250 1267 1287 1320 before I even think about 1600 retracement..... sorry for late reply
above post u saying up n may be 1600

what,s first in ur opinion????

i know there is clear different views on diffirent tf , daily says up , weekly n monthly says down
  • #9,511
  • Jan 9, 2014 10:47pm Jan 9, 2014 10:47pm
Quoting razaali
{quote} this post u r saying 1180 will broken {quote} above post u saying up n may be 1600 what,s first in ur opinion???? i know there is clear different views on diffirent tf , daily says up , weekly n monthly says down
ali,

both my posts are still pointing down unless certain conditions are broken like those pivot points
-for me the biggest hurdle for bulltrend reversal is 152x....a daily close above that is a definite reversal....otherwise its all a game of tricks
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  • #9,512
  • Jan 9, 2014 10:59pm Jan 9, 2014 10:59pm
Quoting gnomoneey
{quote} ali, both my posts are still pointing down unless certain conditions are broken like those pivot points -for me the biggest hurdle for bulltrend reversal is 152x....a daily close above that is a definite reversal....otherwise its all a game of tricks

ok bossss
  • #9,513
  • Jan 9, 2014 11:08pm Jan 9, 2014 11:08pm
more eurusd mmmmmmmmm
levels to pay attention
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdjan10w1mmmm.png Size: 118 KB
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  • #9,514
  • Jan 10, 2014 1:31pm Jan 10, 2014 1:31pm
Quoting gnomoneey
eurusd view after todays ecb meeting purple horizontal lines are areas of interests - after ecb a completion of head of the hs and 1.3634 as the top of shoulder what im looking for...then drop to 1.35494 for completion of hs -target is 61.8 fib of 1.319x for hs target completion {image} {image}
Are U actually trading this (chart/prediction) ...or just painting?
  • #9,515
  • Jan 10, 2014 4:26pm Jan 10, 2014 4:26pm
Quoting TraderPablo
{quote} Are U actually trading this (chart/prediction) ...or just painting?
My bias is still abcd to about 1.44xx
but yesterday saw another possible scenario where price might drop to 50%(1.3324)-61.8%(1.3190).
in my opinion it is still in an upward channel that started in 7-24-2013...until this channel is broken then my bias is still bullish with abcd completing to 1.44xx

to answer your question I don't like trading NFP noise....I will watch price action next week to see the direction and whether to buy on certain dips


thanks

G
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  • #9,516
  • Jan 10, 2014 8:29pm Jan 10, 2014 8:29pm
Quoting gnomoneey
my view on usdcad (current price) 1.0815 price goes to 1.0875 - if resist we should see 0.9930 before going toward 1.12-1.15
http://www.dailyfx.com/forex/technic..._Crosses_.html
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  • #9,517
  • Jan 10, 2014 9:07pm Jan 10, 2014 9:07pm
Quoting gnomoneey
{quote} http://www.dailyfx.com/forex/technic..._Crosses_.html
But G, we already knew that.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcadmonthly18.jpg Size: 161 KB
Click to Enlarge Name: usdcadmonthly2.jpg Size: 141 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #9,518
  • Jan 10, 2014 9:25pm Jan 10, 2014 9:25pm
Quoting Mr. Scott
{quote} But G, we already knew that. {image} {image}
all that means is that I cant vacation to usa as it will costs me to much money.......
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  • #9,519
  • Jan 10, 2014 9:26pm Jan 10, 2014 9:26pm
Quoting gnomoneey
{quote} all that means is that I cant vacation to usa as it will costs me to much money.......
I will let you stay for free bro.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #9,520
  • Edited 7:06pm Jan 11, 2014 6:37pm | Edited 7:06pm
weekly view on audusd

Attached Image (click to enlarge)
Click to Enlarge Name: audusdjan11w104132014target.png Size: 120 KB



dec 13 chart
Attached Image (click to enlarge)
Click to Enlarge Name: audusddec137777target.png Size: 168 KB


nov 28 chart
Attached Image (click to enlarge)
Click to Enlarge Name: audusdnov28mntarget6978.png Size: 105 KB
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