system went into effect today, there will be no trades for the rest of the week, let me remind everyone we always get our signals at 5pm N.Y. Time this is when we get our signals, at that time we either take or hold on to our current trade, also i was able to get into the trades you see by using wensdday end of day data got in those trades kind of late if i would took the trade at 5pm yesterday we would been long around 909.00, can't wait till next week this will give us a better idea how strong this system is, see results below.
nothing happen, didn't think no one was intrested. i will continue to test the system, so far everything is working.
as you can see i was first short at 923.85 and for some strange reason i decided to adjust my s/l once i got into profit and it got taken out with a small profit,i won't do that again, any way i went short again because the system told me so, see statement below, don't pay attetin to the gbp/usd trades.
Goldfxdaily
Newbie
- Messages
- 6
- Likes
- 1
Gold latest – a move to lower, dumping pattern (02:59 - 18/03/2009 GMT)
by Nasder
Gold has slightly declined the second day in row as a liquidation when stocks keep rising. The unit is at a negative position after unable to rebound to $945 level, the rebound of stocks market while the inflation hasn't returned. Deflation is pressure on the price and if larger than expect falling of the US CPI today would trigger a fresh selling order which could dump the price to test level of $900 – the current 5 months long-term trend line.
For a bigger picture, the unit is forming a head and shoulders pattern (pic 2). A move to below 890 would confirm this pattern and noting that this pattern developing would give a momentum of downward to level of 830-820.
Support/ resistance as chart
Recommend:
Sell: 918/ Stop loss: above 924/ targets: 909 and 901
by Nasder
Gold has slightly declined the second day in row as a liquidation when stocks keep rising. The unit is at a negative position after unable to rebound to $945 level, the rebound of stocks market while the inflation hasn't returned. Deflation is pressure on the price and if larger than expect falling of the US CPI today would trigger a fresh selling order which could dump the price to test level of $900 – the current 5 months long-term trend line.
For a bigger picture, the unit is forming a head and shoulders pattern (pic 2). A move to below 890 would confirm this pattern and noting that this pattern developing would give a momentum of downward to level of 830-820.
Support/ resistance as chart
Recommend:
Sell: 918/ Stop loss: above 924/ targets: 909 and 901
What does quantitative easing mean for gold? Peter Cooper on SeekingAlpha.com points to the immediate $50 an ounce spike after the Fed’s announcement. His prognosis: “And it is going to go a lot higher as investors reach for a safe haven.”
http://www.stockresearchportal.com
http://www.stockresearchportal.com
next week will be the telling point :|