The Club!

From technical perspective on Gold for me at moment its 50 - 50 chance for both sides. I agree that we got reversal indication on daily chart, bullish pin was broken high into bullish trend by bear candle which is almost always 100% reliable information for trend end or strong pullback to come in place. We are in nice momentum swing and reversal might be corrected quickly if it happens, wihch means that it has to happen in Monday or day after. Weekly chart is bullish, kijun decline, momentum passing into bullish side but more importantly i dont think that this middle area high was actually where shorts were picked up, we need to proper test more important high and resistance above before deciding later move. Monday or day after will tell if we bounce up then we will test this weekly high and 1400, becouse we are on decision point of bounce on h4. Ukraine should or could help to add some momentum on up side.
http://prntscr.com/2x517p
http://prntscr.com/2x51is

We are on similar situation on GJ kijun decline and besides that all other analysis points up for now.
http://prntscr.com/2x52q4
This is where i am considering longs on break of this bearish pin
http://prntscr.com/2x52z4

We have also completed quite agressive GA move on upside which i was calling last week and early this week and it was completed.
http://prntscr.com/2x534n

Also setup coming on GN, quite straightforward.
http://prntscr.com/2x53j1

AJ, if bullish side is to be picked up again we need to make strong moves in next few days, only strong going on up side can pick up the up side again. Breaking current support is bearish.
http://prntscr.com/2x53t0

EU weekly we are setup for 1.40, sellers from 1.38 have come but it was too weak attempt this wont hold on short side. Momentum is loaded for short side on weekly but thats usually perfect setup for breakout trade in oposite direction - long in this case.
http://prntscr.com/2x54hy

EA further up
http://prntscr.com/2x54x1


Two things to add:
1.EU up is only technicall analysis i am still expecting rate cut to come in March which will reverse trend most likely.
2.Does anyone know where to get reliable info of date when Chinese will release their offical gold reserves number? So far i heard speculations about April but i am not sure if that is true. This will have major impact on gold and there is only 1 way where its gona go when numbers are out.

Elliott Wave Theory Critique

by Elliotttrader

simply brilliant review of Elliott Wave

watch till end, because the great conclusions are best

a few weeks ago I started preparation for a similar presentation, but got stuck in some other things.

But all in all, my summary of the use of EW would be pretty the same.


Use EW as one tool of many.

When using EW, look constantly for alternative counts. Knew when analysis is right, and when wrong.

Do not waste too much time in counting to small fractals. By counting the small/very small wave degrees the number of possible outcomes grow. Even when we Elliotticans think, that the change in mood is reflected first on small TF (and is set forth into higher TF's), there is a huge disadvantage in counting the squiggles: it will force you to change the count very very often. That can harm you as a trader more then it is useful for you.

By the way: I do miss Godim and his analysis very much

Where is he?

Euro

Weekly

note: timing only

TheDHT this monthly trendline is actually all set up for to be broken if you notice PA on weekly.

Agreed

Blast from the past!

hindsight = 20/20

Cable: Weekly

Then: (published on 09/19/2013)

Now:


link to original post: http://www.forexfactory.com/showthre...11#post6975611

add: impressive change in sentiment from those days... everyone wanted to short this sucker!

Yup agree on GU, you can also add almost every month expected bullish Claimant counts data for this year ahead just like for previous, which should be steping up another up trends after 100 pips spikes on data releases.
However there is some chance we might see housing bubble pop in London, that would give strong dump on GBP. But who knows maybe we get trough 2014 without poping.

Btw what are those green numbers you have 1,2,3,4,5? Lows on smaller tf or something?

I published that chart back in September, so its about 6 months old... It felt like I was the only Cable bull on this thread back then

the numbers on that chart are for illustrating a 5 point reversal pattern (pure price), which I highlighted in the original post (link is posted)...

for now, while I am still bullish on Sterling in general, as well as the recovery in the UK, I think we are approaching a medium term topping level at around ~1.7 in Cable

I will be posting Cable analysis soon enough, but in the mean time, I am very bullish on Sterling/Ozzie and Sterling/Yen... both these pairs are approaching their intermediate term buy signals from a timing basis, and the price action (on the higher time frames) as well as the macro/fundamentals are highly supportive of large moves...

regarding the housing bubble in the UK... I would say: dont worry, the exodus of capital out of China has only just begun! and with the Canadians barring "millionaire visa's", that money has one less place to call home... therefore, the "recovery" (aka bubble) in UK real estate has a ways to go still...

Same here looks like we are on completly same views. GA and GJ longs, i am trying to build longs and keep them to April when kamikaze comes from BOJ and GA is nicely looking bullish, H4 is open for nice trend up.

Meanwhile in crypto land new expansion or update for cryptos called Ethereum has been released. It will allow fiancial derivates from cryptos and creating sort of Wall street copy (without financial terrorism). Looking promising, i am buying new mining farm next week need to create company becouse bastards at computer store wouldnt let me sell it to me otherwise. I guess its promising thing that Ethereum, if fiat goes belly up we might get crypto-forex to trade

How Useful is Order Flow and VPIN?

http://epchan.blogspot.co.uk/2013/10...-and-vpin.html

http://rt.com/news/monsanto-roundup-kidney-disease-921/

Monsanto's Roundup may be linked to fatal kidney disease, new study suggests


What a mess this companies create......

virgin POC's

Volume profiles

spot the "no-business-zones" (NBZ)

and the distribution zones (DZ)

Yup Gold up. We will test that middle high i was talking about soon. Ukraine should help us going.

Auroracoin up +100% today again. It has beat Litecoin already, its now second crypto coin. Cant wait to see where it goes.

more or less same count

http://www.fxstreet.com/analysis/ell...er/2014/03/03/

High impact events that i have on watch list.

1.ECB rate cut, bearish for EUR (early March)
2.Australian central bank rate cut, bearish AUD (early March)
3.Ukraine occupation bullish for Gold (early March)
4.Attack on Syria with pre-ahead warning of false flag event, bullish for gold(scope in next few months)
5.BOJ printing expansion , JPY bearish(little chance for March, most likely April on conference)

been shortening rallies.... so far so good...always take sm on every dip nevertheless...could be easily done on the reverse as well..(in second account)? to avoid FIFO rule....

We are seeing major rebound on upside in all cryptos not sure what exactly is causing it but it looks good.
http://prntscr.com/2xlhv5
Auroracoin 60 bucks lol, i was just talking to fellow trader that this is price i expect to be hit once Aurora gets released to Icelanders...and guess what it was actually hit way before that. Now my minimal "airdrop" target is upped, which is 100 bucks per coin.
Took 35 pips on Gold long bounce meanwhile.