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

[rodin]

that would then mark the low in silver correct?
below 9 unlikely?

7.9 the limit for downside IMO but unlikely to hit that.

If dec contract gets above todays high of 1180 then I will lift my short hedges

20% v 14.50 March call as of a half hour ago

 

[sujithsstorock]

Book 50 % at cost to cost. And tighten stoploss. Big move coming . . . Hope its to Downside

 

[rodin]

extended targets for those holding

4697-4715-4731

Looks like FTSE is in c of abc wave 4 up

On rolling FTSE up limit would be 4800 B4 5 down

 

[sujithsstorock]

Hey Suji,

I was using triangles and noticed this sell call too. Just had 2 questions:


1) Why stop loss of 887 (i thought 884)
2) How do you decide targets

PS - did you see a descending triangle forming?

Thanks as always

am on move. Will post chart n explain. Yes true , stoploss was 884 , but extra 3 $ in the name of 'volatility' . It did hit 884 after sell was triggered.

 

[styxss22]

am on move. Will post chart n explain. Yes true , stoploss was 884 , but extra 3 $ in the name of 'volatility' . It did hit 884 after sell was triggered.

Thanks..seems I am slowly getting hang of things !

Thanks 2 u

 

[fireking]

am on move. Will post chart n explain. Yes true , stoploss was 884 , but extra 3 $ in the name of 'volatility' . It did hit 884 after sell was triggered.

thanks, I played your trade.
you were deadly.

 

[rodin]

Break of 876 then 872 opens up rising wedge MM

PO 830 area

 

[sujithsstorock]

keep a sell at 882.5 $ (now 886 $)
stoploss 887 $

tgt 879.8-875-870.4-868.2 n below

1st target was met

 

[sujithsstorock]

thanks, I played your trade.
you were deadly.

thanks .

 

[cly_evo]

if this is an impulse wave... this would be wave 3... note that wave 3 is never the shortest among 1,3 n 5.

 

[d-lod]

Wave 1 of I of THIRD.

wave i 736.22 - 787.70 = 51.48
wave ii 787.70 - 764.10 = 23.60 - 3%
wave iii 764.10 - 893.15 = 129.05 - 2.5% of wave i
wave iv 893.15 - 851.80 = 41.35 - 4.6%
wave v 851.80 - 915.67 = 63.87 (six days to complete upmove)


Wave 2 of I of THIRD, an irregular correction was a difficult one to trade If completed at 819 has taken 12 trading days.The wave structures were complex with 3-3-5, 3-3-5 waves. It doesn't sound complete though.

POG at 925 was B part of correction.If irregular correction is not complete than present rise is part of third set of abc correction.

a = 915.67 - 824.00 = 91.67
b = 824.00 - 925.00 = 101.00
c = 925.00 - 819.45 = 105.55

Assuming the correction is complete at 819, the following counts are counted for wave 3 of I.

wave i 819.45 - 888.60 = 69.15
wave ii 888.60 - 872.20/862.18/854.02 (862 is more preferred target)
wave iii 862.16 - 973 / 1043.

 

[rodin]

watch 880 big move off here possible

 

[OceanBleu]

1st target was met

38.2% retracement hit same as yesterday and did not breach high from yesterday. We are at an important cross road here.

 

[platamania]

Something i dont understand is , Suji you still belive shorting is the play for the day ?

 

[yvij]

Is it wise to buy gold above 891?

 

[yvij]

Near to a explosive move up or down.

Above 893 or below 873.

 

[rodin]

watch 880 big move off here possible

and again

watch for a big drop here

 

[bbillcee]

Wave 1 of I of THIRD.

wave i 736.22 - 787.70 = 51.48
wave ii 787.70 - 764.10 = 23.60 - 3%
wave iii 764.10 - 893.15 = 129.05 - 2.5% of wave i
wave iv 893.15 - 851.80 = 41.35 - 4.6%
wave v 851.80 - 915.67 = 63.87 (six days to complete upmove)


Wave 2 of I of THIRD, an irregular correction was a difficult one to trade If completed at 819 has taken 12 trading days.The wave structures were complex with 3-3-5, 3-3-5 waves. It doesn't sound complete though.

POG at 925 was B part of correction.If irregular correction is not complete than present rise is part of third set of abc correction.

a = 915.67 - 824.00 = 91.67
b = 824.00 - 925.00 = 101.00
c = 925.00 - 819.45 = 105.55

Assuming the correction is complete at 819, the following counts are counted for wave 3 of I.

wave i 819.45 - 888.60 = 69.15
wave ii 888.60 - 872.20/862.18/854.02 (862 is more preferred target)
wave iii 862.16 - 973 / 1043.

thanx for update d-lod

 

[sujithsstorock]

Don't get into this trap. Wait.

 

[cly_evo]

if sm continue stabilizing... we ll see gold falling