enjoy
Edited by Mr Dev, 14 October 2014 - 09:10 AM.
MARKET THOUGHTS
Started by
Mr Dev
, Oct 14 2014 09:10 AM
5 replies to this topic
#1
Mr Dev
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Posted 14 October 2014 - 09:10 AM
the 60m trend change talked about last Sunday was confirmed on monday.. so this is the best time and only time to be long since this same Sept 1st sell signal !
enjoy
enjoy
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#2
Mr Dev
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Posted 14 October 2014 - 09:24 AM
coming back here because the GLD chart itself is a lil overbought although the gold index (xau) is not .. so ill add comments when i have more time.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#3
Mr Dev
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Posted 14 October 2014 - 09:39 AM
so i have a lil time here.. and wanted to say the 60 trend is up but we may see a little pullback tomorrow if the xau and gld can close at a high.
if you were in earlier yesterday or now this morning...the close may be a good place to exit IF youre able to buy a dip after OB levels are reach.
if you are more comfy holding vs trading and youre all good with minor ..bumps then ride the 60m trend for all its glory !
good trades.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#4
ogm
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Posted 14 October 2014 - 09:53 AM
Gold has bounced from oversold to the 50 DMA, while market took a dive. Downhill for gold from here.
#5
Mr Dev
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Posted 14 October 2014 - 10:02 AM
~thanks for sharing ogm.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#6
Mr Dev
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Posted 14 October 2014 - 12:31 PM
XAU short term number .. using the closing hi and an upper parallel from 5 days ago shows XAU to 83.50 and 84.
from here at 79.9 that is another 4.51 to 5.13 % move ... higher.
a stop would be the low of 5 days ago ...or more conservatively ..3 days ago.
Edited by Mr Dev, 14 October 2014 - 12:36 PM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
