gold: new highs or reversal leg forming ?

Quote from traitor786:

... oh wait i cant write
More...

Just what I was thinkin'.

That's ok. Thank you for the explanation for your Cyprus post (above). I get it now.


On the Texas thing, I'm wading into it and thinkin' about it. Have to get thru some of the spelling cipher, too.
 
Quote from Wallace:

hi deucy28. from my pov fundamental info/analysis has a very limited use, perhaps
a 5% contribution to my analysis and trading decisions - time frame dependent

THE problem with fa is that fa is inconsistent
my methods are absolute

the price of gold has been declining since Sep 2011
theory 1: it formed a reversal formation between Aug/11-Sep/12 and its highs have
seen their best
theory 2: it's undergoing a correction that will soon be completed and the price of
gold will rally to new highs

for chartists like me, one trades the chart
ALL the information one requires in order to trade any instrument is in the chart
More...

I see your light, Wallace ! I notice it took twice as long during this last decline before the dive this last week to fall just as far from the previous high 13 months ago. So it held on much longer before declining the same distance. Neverthess, it did nosedive further these last few days.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3780319>
 

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I'd 2 xauusd demo trades on that I closed about an hour ago because gold hit a 61
profits $2306 and $2545 - times 10 of course if they'd been full contracts
don't believe gold or silver fx pairs are available to trade in the US, there's several
currencies available in addition to xauusd such as xaueur, xaujpn etc and the margin
in general to trade them is similar the E-micro Gold futures o/n contract amount
 

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I'm still not sure why anyone cares WHY??

When gold goes down 70 dollars in a day, big money is selling.

next day, 130 lower.....hello....this is the same as the yen getting weak.....either sell or get out of the way.....

you really need reasons?

like when Enron crashed...were you flipping through fundamentals as it went to 0? then when it got to zero...you heard the news, and then said....oh, i would have done this and that....lol

maybe you missed this move.....

just don't miss the next obvious one!!!!
 
my comment deucy28 is the opposite, DON'T leave your comments on this thread

go leave them on the linked thread, you too deucy28
 
But this is where the chatter is on Gold; the link is just a reference.
Nevertheless, it is your thread, and I respect that.
Done your way.
 
ok deucy28. generally my threads don't inspire chatter, so go ahead and post
I felt as though a parasite had gotten on the thread but you obviously know how I feel
about it and respect that, and I respect your reply

here's my new chatter:
gold xauusd Sell entered at 1388.26 , maybe a bit early but better than late
 
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