Gold calls.Long term -medium term and intraday calls in gold is here !.

[Eyeskating]

Anybody shorts DJ? Looks so weak to me, is it going towards 4 digits?:-0

 

[goldbug]

i am doing good goldbug. so happy to hear tht. keep it up :clap: .

thanks sujith

 

[sujithsstorock]

see i told u guys..its not gonna give much in sell. its bullish. lets see if 894 is broken or not

 

[Eyeskating]

Sujith the moves in pog are contrary to indicators lately, the market makers are giving you clues and then exactly turn around to give damages to your profit - stop loss. At CURRENT LEVEL the indicators on daily chart are bearish but on four hourly the short value rsi, momentum (2 not 14) turned up so some up moves and then it looks like down. In 2005, 6th october was lowest price of gold b wave and dollar was also lowest.

crude is up so may go down later.

even the current wave is abnormal.
any one wave is extended /reduced by .618, 1.618, but last wave was really funny. It started at 876.40

minute i ...776.40 - 884.50 = 8.10
minute ii ...884.50 - 879.95 = 4.55
minute iii...879.95 - 889.40 = 9.45
minute iv ...889.40 - 884.90 = 4.5
minute v ...884.90 - 892.90 = 8.00

None of the wave meet the rule (618, 1.618), so now it is ruleless zone for ew.

:-0Wow, it's free cadenza now. What a piece!

We are having a double top @892.XX again. Happened few hours ago...

 

[mad mad world]

Sujith the moves in pog are contrary to indicators lately, the market makers are giving you clues and then exactly turn around to give damages to your profit - stop loss. At CURRENT LEVEL the indicators on daily chart are bearish but on four hourly the short value rsi, momentum (2 not 14) turned up so some up moves and then it looks like down. In 2005, 6th october was lowest price of gold b wave and dollar was also lowest.

crude is up so may go down later.

even the current wave is abnormal.
any one wave is extended /reduced by .618, 1.618, but last wave was really funny. It started at 876.40

minute i ...776.40 - 884.50 = 8.10
minute ii ...884.50 - 879.95 = 4.55
minute iii...879.95 - 889.40 = 9.45
minute iv ...889.40 - 884.90 = 4.5
minute v ...884.90 - 892.90 = 8.00

None of the wave meet the rule (618, 1.618), so now it is ruleless zone for ew.

Hello D-lod,

Good to see you here....

Do you see gold heading towards 880 from here and than bounch back to 900-910 ?
What is yr current counts ?
I am planning to go Long at 880-885....

Thanks

 

[sujithsstorock]

gold chart ..lets see if we see the datas ..

bernake barking...nuke deal...inventory.

 

[sujithsstorock]

Sujith the moves in pog are contrary to indicators lately, the market makers are giving you clues and then exactly turn around to give damages to your profit - stop loss. At CURRENT LEVEL the indicators on daily chart are bearish but on four hourly the short value rsi, momentum (2 not 14) turned up so some up moves and then it looks like down. In 2005, 6th october was lowest price of gold b wave and dollar was also lowest.

crude is up so may go down later.

even the current wave is abnormal.
any one wave is extended /reduced by .618, 1.618, but last wave was really funny. It started at 876.40

minute i ...776.40 - 884.50 = 8.10
minute ii ...884.50 - 879.95 = 4.55
minute iii...879.95 - 889.40 = 9.45
minute iv ...889.40 - 884.90 = 4.5
minute v ...884.90 - 892.90 = 8.00

None of the wave meet the rule (618, 1.618), so now it is ruleless zone for ew.

i see the waves have goe bizzare... i see this due to the possible rare phenomenon of flat correction.

 

[zees]

Great thread Sujith, appreciate everyone's input. Its been a great help in my trading. Thanks.

Just a quick word of warning for any potential Gold bears out there. I'm reading on newswires this morning of recommendations to go long the EURUSD targeting 1.50 and then 1.52 by the end of this week. I would expect gold to go up as well perhaps.

FYI I am currently flat ST and long MT Silver, Gold and EURUSD

cheers
zees

 

[bhesania]

wow.. a move to the upside

 

[sujithsstorock]

Great thread Sujith, appreciate everyone's input. Its been a great help in my trading. Thanks.

Just a quick word of warning for any potential Gold bears out there. I'm reading on newswires this morning of recommendations to go long the EURUSD targeting 1.50 and then 1.52 by the end of this week. I would expect gold to go up as well perhaps.

FYI I am currently flat ST and long MT Silver, Gold and EURUSD

cheers
zees

thanks n welcome to the thread zees

thanks for ur insights.

 

[sujithsstorock]

did i tell..its bullish? he he he . now 910 is the milestone. we might sell as close to it as possible.

 

[rodin]

Agree with tricksy nature of market. Hedged 20% versus silver march calls (14.50) can see us shooting for $14 before a hard fall into options expiration. No DOW futures - Just calls. Waiting for a silly price surge before shorting (hedging). Will stay out of way if we break 11600 Bcoz we then go up 1000. This move could be in conjunction with the retrace of wave a or 1 in gold etc

Wating for a gold call that makes sense with a little dry powder for futures play

Oh - the UK micros are looking interesting

http://www.trade2win.com/boards/uk-shares/39390-micro-uk-gold-companies.html#post515964

added some cheap PGD and holding OXS hoping for wedge breakout there

 

[Sprawl123]

to Ellioticians...

EW guys are now saying the bull run 2001-2008 from 250-1030 was wave 1.

Does that imply waves 3 and 5 will be 7yers long too?
if so isnt that way too long, ie 21yrs + however long 2 and 4 take?

 

[rodin]

did i tell..its bullish? he he he . now 910 is the milestone. we might sell as close to it as possible.

Gold could look for 930-935 don't you think? If this is v. There is very strong horizontal and also main falling daily channel top rail there. Then you would get a huge drop

 

[rodin]

EW guys are now saying the bull run 2001-2008 from 250-1030 was wave 1....

F**** 'em

How many major peaks?

how many major corrections?

Do we have a wave 1/4 kiss?

Welcome to 5 next stop 2012

 

[sujithsstorock]

Gold could look for 930-935 don't you think? If this is v. There is very strong horizontal and also main falling daily channel top rail there. Then you would get a huge drop

if 910 $ is broken..then yes i give my thumbs for tht.

 

[Sprawl123]

F**** 'em

How many major peaks?

how many major corrections?

Do we have a wave 1/4 kiss?

Welcome to 5 next stop 2012

sorry i'm almost zero on EW...
are u saying we have had 1-2-3-4 and are now in 5? and top of 1 = 730, which 4 kissed?
Rodin u still looking for 790, and expect that to be the low for rest of year, or maybe rest of bull run low?
I take it u r not an Alf Field fan!

 

[heyoehkah]

F**** 'em

How many major peaks?

how many major corrections?

Do we have a wave 1/4 kiss?

Welcome to 5 next stop 2012

Rodin,

Your a real investor with real knowledge. I am just a head scratching novice that could not folow your thoughts. At what stage of the EW do you see us now? Thanks much, David

 

[sujithsstorock]

rodin,

i would love to be diversyfing the trading tools like u. u r a true great investor. u have selected few trading planets who revolve around gold(sun)..dow,eur,stocks....cool..! u r a master trader !!

 

[d-lod]

Hello D-lod,

Good to see you here....

Do you see gold heading towards 880 from here and than bounch back to 900-910 ?
What is yr current counts ?
I am planning to go Long at 880-885....

Thanks

It is mentioned that pog will go up as 4 hourly indicators suggested upmove.

Sujith the moves in pog are contrary to indicators lately, the market makers are giving you clues and then exactly turn around to give damages to your profit - stop loss. At CURRENT LEVEL the indicators on daily chart are bearish but on four hourly the short value rsi, momentum (2 not 14) turned up so some up moves and then it looks like down. In 2005, 6th october was lowest price of gold b wave and dollar was also lowest.

crude is up so may go down later.

I don't see much up side, sujith is right once 910 is taken out than probably.

Rodin monthly chart will give peaks there were three, I have mentioned this a months back

Old 08-15-2008
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Default Re: Gold and III wave.
GC

Alf's count has failed, every correction to the top has corrected min 38.2% - 50%. from the bottom of 254.

254 - 388, corrected to 318 = 50+%
254 - 432, corrected to 371 = 38.2+%
254 - 735, corrected to 541 = 38.2%
254 - 1032 correction continue = 737 = 38.2%