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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
subway90
Posts: 1078
13 years ago
Aug 24, 2011 21:29
USDx now needs to clear 74.165 then it's heading back up to 74.80/90....
support is at 73.666....
favor break higher and US dollar recovery short term...
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 24, 2011 2:13
a short scalp chart:-) with stop around 1895..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 24, 2011 1:28
gold bouncing of support.. so it could go higher or break down.. be watching daily pivot for reaction.. surely two engulfing dailies trying to tell a bigger topping story..
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Aug 24, 2011 1:19
thanks dave, i hope so..my next plan is to sit in cash and wait for the golden oppertunity..PATIENTS IS another trait im working on:)lots of oppertunities..lots of volitility..nothing gonna change that for a long time so best iwait and not rush into anything..and im hope ur right about 45 lol..also i try to focus on multi time frames but todays trades i was working off the 60min but also drew possi resis(daily) that over laped with my 60 min and keeping in mind your week chart as well..if you think 45 is coming for potash that mean u expect that massive market correct u mentions the last time we spoke??ok gl/gt:)
DaveO
UK
Posted Anonymously
13 years ago
Aug 23, 2011 23:32
I covered at 1894 yesterday, stood aside to assess.

Chloe mon, so yer trading the 60 min POT not the daily. I have a feeling we shall see the c? on my chart sent at the 45.09 ish but nothing ever goes down in a straight line. The pattern is pretty much following SPX since the 9th Aug low.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Aug 23, 2011 22:29
Nope and I'm alil ticked off I didn't get any of the drop:(.oh well I made good$eleswhere and prob safer trades.OK keepthanks gl ft:)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 23, 2011 22:01
g'day.. gold short setup working perfectly (withing +-3pip rule:-).. anybody trading this?..
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Aug 23, 2011 21:42
hey dave, that 1.618=5356 came off my 60min price projection..low-$50--high51.75ish retraced back to .786then moved back up...also i have potash breaching my 50% on the daily price projection..lo-$48.50--55.75high pull back .786 then moved now breaching 50%..i waited for my bigger abc to be completedto the downside..62.50hi--48.50lo retr back to 50%=55.62 then moved lower but held @.386=$50 price projection..i was worried cause the fri close has the candle stick closing below .386-$50 so i wasnt 100% if that downward move was complete.only thing that i liked was that candle stick formed a nice inverted candle stick.thats another reason why i decided to take profits wasnt sure if that down move was complete and it being of a bigger move i gave it more respect..ok thanks gl/gt:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 23, 2011 18:35
what timeframe you referring to for POT ?
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Aug 23, 2011 18:29
woow lol potash reaching my 1.618level=53.50:(..ok gl:)