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All Majors and Gold

  • #5,501
  • May 3, 2013 2:35pm May 3, 2013 2:35pm
Quoting Pip Anon
There was a nice spike after NFP. Not something I'd trade, but I did lock in a good price for some bullion. Does anyone on this thread hold physical metal? I was pretty hardcore against placing my entire worth into precious metals, but with Bernanke saying he's willing to print and buy even more I am starting to change my tune. I always worried about inflation, but I think central bankers will take us there sooner than later.
The only time I bought physical gold when it first hit $1600. Too bad I was on a vacation @ double top. Than I sold it when it came back to $1800. Boom the next day it went down more.

Futures are ok for me.
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
  • #5,502
  • May 3, 2013 3:27pm May 3, 2013 3:27pm
Quoting Bilawal
{quote} Reason for the trade was the bearish move due to NFP, was targeting 145x area for exit. But stuck between 146x area now. Any predictions for the market next week?
Asia was not part of NFP and they sometime take the price down.
But with 48hrs for Asia to figure it out they might continue the bullish close.
In other words close your trade as its friday and unless you are very comfortable with your position
Wooooohooooo or Boooooohooooo
  • #5,503
  • May 3, 2013 4:01pm May 3, 2013 4:01pm
let's say if you had a long this morning before the nfp and did not use sl, you find yourself about the same price ....

with the bullish surge on close can we expect the Asian Monday open stay in the same direction?

it was nice to see a lot of people taking green pips.....

G out and have a great weekend and don't forget to enjoy life with your family.
Wooooohooooo or Boooooohooooo
  • #5,504
  • May 3, 2013 8:05pm May 3, 2013 8:05pm
Quoting Yuri57
{quote} The only time I bought physical gold when it first hit $1600. Too bad I was on a vacation @ double top. Than I sold it when it came back to $1800. Boom the next day it went down more. Futures are ok for me.
Well, I have been trading futures for a while; but I still think I would have to hedge my dollars. Everything at this point is hypothetically and NO hedge is perfect, yet if inflation does hit it will be too expensive to hedge at that point.
When the facts change I change my mind, what do you do sir
  • #5,505
  • May 3, 2013 8:47pm May 3, 2013 8:47pm
here's my view on gold next week

h4


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h1

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i'm following this blue dotted up trendline
Wooooohooooo or Boooooohooooo
  • #5,506
  • May 3, 2013 9:10pm May 3, 2013 9:10pm
Quoting gnomoneey
here's my view on gold next week h4 {image} h1 {image} i'm following this blue dotted up trendline

Hi G,

Still possible wave 4 ends here. Then wave 5 should be at least the length of 1 and likely 1.618 of wave 1.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,507
  • May 3, 2013 9:18pm May 3, 2013 9:18pm
weekly view for gold

weekly chart

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daily chart
-following the aqua tl as the next resistance
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Wooooohooooo or Boooooohooooo
  • #5,508
  • May 3, 2013 9:33pm May 3, 2013 9:33pm
Quoting gnomoneey
weekly view for gold weekly chart {image} daily chart -following the aqua tl as the next resistance {image}

Nice charts G. I still think it needs to go lower, but watching PA as certainly can still go higher from here.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,509
  • May 4, 2013 4:30am May 4, 2013 4:30am
XAU (Gold) 1hr;

Attached Image (click to enlarge)
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http://fxtechnicals.net/2013/05/xau-...alysis-update/
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,510
  • May 4, 2013 8:11am May 4, 2013 8:11am
Quoting deepak925
{quote} What is 3 little Indians ?
Here you can find a good explanation of the 3 little Indians pattern:


http://technical.traders.com/traders...y.asp?art=1590
  • #5,511
  • May 4, 2013 8:18am May 4, 2013 8:18am
Quoting elisab
{quote} Here you can find a good explanation of the 3 little Indians pattern: http://technical.traders.com/traders...y.asp?art=1590

I usually think of it as 3 drives pattern.

http://www.harmonictrader.com/3drivesbearre.jpg
The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,512
  • May 4, 2013 8:39am May 4, 2013 8:39am
Quoting The Cableguy
XAU (Gold) 1hr; {image} http://fxtechnicals.net/2013/05/xau-...alysis-update/
i am not into technicals but share same scenario you propose.

like your chart anyway. sometimes ta actually works. Do you have any track record of your calls ?

for me, better not to lock any levels where & when.
  • #5,513
  • May 4, 2013 9:24am May 4, 2013 9:24am
Quoting seaman2
{quote} i am not into technicals but share same scenario you propose. like your chart anyway. sometimes ta actually works. Do you have any track record of your calls ? for me, better not to lock any levels where & when.
If you do not use technicals to trade, how do you pick your entry and exit? Are you just guessing? Im curious because every person ive spoken to who does not use technicals typicaly has a poor trading performance.
"It is not enough to have a good mind; the main thing is to use it well"
  • #5,514
  • May 4, 2013 9:33am May 4, 2013 9:33am
Quoting QuikFlipp
{quote} If you do not use technicals to trade, how do you pick your entry and exit? Are you just guessing? Im curious because every person ive spoken to who does not use technicals typicaly has a poor trading performance.
determine future order flow. my performance is fine and system stable.
  • #5,515
  • May 4, 2013 10:19am May 4, 2013 10:19am
Quoting seaman2
{quote} i am not into technicals but share same scenario you propose. like your chart anyway. sometimes ta actually works. Do you have any track record of your calls ? for me, better not to lock any levels where & when.
Seaman2, i guess my website is the best track record i have!

There's probably a few guys/girls around that might vouch for me too!



For me, i could never trade without TA, everything you ever need to know is within the charts.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,516
  • May 4, 2013 9:14pm May 4, 2013 9:14pm
Quoting Mr. Scott
{quote} Nice charts G. I still think it needs to go lower, but watching PA as certainly can still go higher from here.
Finally played well but with few mistakes on their zones
Wooooohooooo or Boooooohooooo
  • #5,517
  • May 5, 2013 8:59am May 5, 2013 8:59am
Quoting Mr. Scott
{quote} I usually think of it as 3 drives pattern. {image}
There is an alternative to the 3 little Indians, called Wolfe Waves: stricter rules but similar pattern.
http://www.investopedia.com/terms/w/wolfewave.asp
  • #5,518
  • May 5, 2013 9:25am May 5, 2013 9:25am
Quoting seaman2
{quote} determine future order flow. my performance is fine and system stable.
so seanman2 when did you start using Deamon's method of trading?
if possible you should start posting charts to show others what your views are..

thanks

G
Wooooohooooo or Boooooohooooo
  • #5,519
  • May 5, 2013 12:16pm May 5, 2013 12:16pm
A bit confused but will post what i see..
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GBP/USD
  • #5,520
  • May 5, 2013 12:22pm May 5, 2013 12:22pm
Quoting deepak925
A bit confused but will post what i see.. {image}
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GBP/USD
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