BIG CALL - get rich trade

toolazy said:
my belief is gold has bottomed. there is large group of speculators waiting below 1000, and they will not get fill, so at some point will start chasing market.
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Still far distance for these price, today alreay break low daily and continue bearish
 
another week, this time 10 pc down and audjpy below 80, thanks to int rate cut. rba want to keep property fairytale going for now in 2 big cities.

resource complex down across the board, with notable exception of gold. Expect more strength in gold. See when will alarm go off in gold bug heads that sold around 1200 and expected to buy back at 900.
 
phew ! audjpy back above 80. For a second got a bit worried. as it went down near 78.
my best guess pair will rest above 80 and make break out of congestion. TL on weekly i am watching is now at 8600.

After that I will trade short term, all the way down to 10 seconds intervals. audusd, usyj and adjy bit longer term.
 
aud back below 80 = 78.80. sitting on modest gains from 3 shortterm buys. Looks like i just had bit of luck. But will only buy above 80, and especially when TL , currently around 86, breaks.

My longterm bet doing okay and will not alter anything even if audjpy breaks below 80 for good.

It is clear pattern when financial suffer, gold spikes, when financials do well gold retreats. Also noticed that gold started upleg on some talk of financial trouble on global scale.

At this point expect gold to continue up until/if bank crisis unfolds. At this point have no clue why this relationship, however experience shows that is the one that will be prevailing topic in markets, with some kind of climax. When it looks banks are fine, just another bit of s* comes out. And patched again. And again.
 
Audjpy I see on last week move on bearish trend, weekly timeframe two candle having tendencies to strong bearish which but gold seems move on highest weekly seems no corelation movement
 
you are right. Markets often play around numbers up and down for several months frustrating any system that uses round numbers as basis.

If my call works then penetration below 80 should not be deep and not last long. So far looks like zig zag thru 80 pattern seen on daily.
 
toolazy said:
you are right. Markets often play around numbers up and down for several months frustrating any system that uses round numbers as basis.

If my call works then penetration below 80 should not be deep and not last long. So far looks like zig zag thru 80 pattern seen on daily.
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77.50 looks like the next stop. See if that holds, if not, 74 to 72
 
4pipsSake said:
77.50 looks like the next stop. See if that holds, if not, 74 to 72
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77 would invalidate my call, especially sitting below this area for couple of weeks, and I would cut my $ ambitions. So far zigzagging around 8000.

for the record, current state - hourly chart
 

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