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Previously posted on Surf's journal when Gold was +/- $792.

That's what I see based on a specific daily formation, lower time frames do show a shorting opportunity, but considering that this bullish call is daily chart based, hence the opinion of a possible, potentially major, breakout. <img...

I think markets are at a pivotal point at the moment and therefore it wouldn't be easy making any sort of bankable analyses, basically what that means is that I haven't got a clue looking at charts where we are going to head, but than again I am out of trades at EOD, so whatever happens so be...

That is exactly what so many traders fail to grasp, very good :)

yes, that is an odd statement at best.

I wasn't trying to, I expressed an objective point of view, what's wrong with that? You shouldn't be so jumpy on New Year's Eve :) Happy New Year Jimmy Jam!

Well I am just a village idiot in comparison to some here, so what can you expect hey? :) You did say position trading, to me that means a lot more than 2-5 days, 2-5 days comes under swing trading. I don't scalp, I daytrade personally. All I was saying at the time how not easy it is to...

This is a current Spot Gold 2 hour chart which displays the other divergence, I would have liked to see more of a wedge there (failing upside thrusts) so far it's more of a channel so 4 lower peak in histo is quite possible, BUT nevertheless it is a valid triple bearish divergence. Actual risk...

And same to you V, Happy New Year all

Here is a brief example of entry and 1st exit, I will later post another example of multi divergence cycle achieved in short period of time and how I trade those patterns, this one here is the most basic of a standard divergence. <img...

That is all fair enough, getting on board a trend for the purpose of holding a position for weeks is another matter, you will have to either strip your position size to widen stops or keep them same as if you were trading full position & be ready to get stopped out quite a few times and on top...

https://online.kitco.com/bullion/

Jim, it all depends whether you can catch that move and not put your position through a substantial DD. Also you might need to reduce position size, if you do that then eventual goal will not be as appealing as a full size position even though in % terms you manage to achieve a better return. I...

As price approaches apex of pennant one really will do himself a hell of a bonus by looking at something like MACD's histogram, some will monitor the DOM/volume etc. I prefer histogram for its easy visual aspect. Why use an indicator? Aren't they lagging and therefore shit? ImE, NO they are not...

I don't know whether you are referring to today or in general, but in regards of "train heading lower" surely that is at the moment just as speculative as an expectation of markets putting in another high. In the EOD, if you are a technical trader, then different time frames would back different...

I'll post some examples over weekend.

Even if I explain it to you, you would need to spend many many hours getting used to/understanding market behaviour patterns. I am not being nasty, it's just that I am a believer in paying a price for learning, I don't mean paying me, I mean you learning the basics of technical analyses, losing...

3rd lot +51.5

nice, more throttle please

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1728131>