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Gold Day Trading

Discussion in 'Commodities' started by Free Soul, Dec 11, 2008.

  1. Free Soul

    Free Soul

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    Hey. Is there a good place for UK users to day trade gold vs USD/GBP etc online such as is the case with spreads etc such as in forex trading. I noticed bullionvault do this, is this a good place or are there better/cheaper services out there?
     
  2. Joules MM1

    Joules MM1 ....everything has an art

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    looks like dirt less like gold
    gold symmetries 271017.png
     
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  3. Joules MM1

    Joules MM1 ....everything has an art

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    sub 1200's is the major rotation i'm looking for (or an impulsive continuity of the monthly downtrend)

    nearterm 1224's likely target

    gold sells confirm downtrend sub 1200 target.png
     
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  4. Joules MM1

    Joules MM1 ....everything has an art

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    observationsgold chop is a bounce 281017.png
     
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  5. Joules MM1

    Joules MM1 ....everything has an art

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    more downside

    gold ratio 061117.png
     
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  6. Joules MM1

    Joules MM1 ....everything has an art

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    elvis caught in the building ?

    gold ratio ii 061117.png
     
  7. Joules MM1

    Joules MM1 ....everything has an art

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    on a larger context, reviewing

    easy to get trapped, bias is south versus logic; bigger chop

    gold ratio iii 061117.png
     
  8. Modest

    Modest $PEPE

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    Watching the nice whack down off your 1.273 Level :xyxthumbs
     
  9. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Caught that squeeze last night but still not sure what the catalyst was?
     
  10. Joules MM1

    Joules MM1 ....everything has an art

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    well done, you alnight vampire

    energy release from trapped shorts playing more-of-the-same game

    pricing tends to make me think we have several more weeks of this large zonal chop
    (trading sewerage for trend followers, everyone else where's a grin)

    107's are far more common than most would
    log and i've seen 107's print at several swing sizes in fx too
    in this jpeg you see the ratio as 1.07% of the previous set of rusky dolls all in abc's
    energy breaks are good for size capturing around 3-6 handles otherwise this is mostly sushi

    gold 107 071117.png
     
  11. Joules MM1

    Joules MM1 ....everything has an art

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    probably

    gold 107 071117 ii.png

    next target upside 1285's

    or

    soooshiiittt.jpg ugly in so many ways
     
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  12. Joules MM1

    Joules MM1 ....everything has an art

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    no impulsive sell (and the low at 1265's front month did not have an impulsive lift)

    gold another swing south 071117.png
     
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  13. Joules MM1

    Joules MM1 ....everything has an art

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    oh the weather outsides delightful, shorts smash longs inciteful
    and if you see it flow, let go let go let goooooaaaahhh

    are we trendy yet?

    messages in the chop and the traps
    gold 071217.png


    gold 071217 ii.png

    gold traps sprung 071217.png
     
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  14. Joules MM1

    Joules MM1 ....everything has an art

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    the proof in the pudding is in the chomping, when pricing goes into pacman it should display symmetry and that symmetry should be in close proximatry ....be relative to the zone, break-away or in the basic impulsive construct in this instance

    the bounce needs to show price action that supports the resistance ratio
    (as a % of a previous price swing) and then have bars that say the ratio is valid, so, by itself, the ratio
    is merely a guideline..if the ratio fails that does not negate the larger trend but it does warn that a larger bounce requires me to look for other reasons than immediate trend construct and maybe caused by
    auction mechanics rather than trend construct (such as time of day or liquidity withdraws for news release)

    gold 071217 iii ratio bounce.png
     
  15. barney

    barney

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    LOL ... only thinking about you earlier today Joules (no stalking involved however!!:D)

    I hold Gold stock (not futs) so am very interested in its current possy.

    I have minimal idea of what you meant in your last couple of postso_O... but am curious of your thoughts on the last few years "trend' for Gold when it has had a healthy late December dip followed by an even more healthy January rise;) ...... Personally I am looking for a gold rally early in the new year so any dips into late December I will be treating as a buying opportunity ... thoughts?:cautious:
     
  16. Joules MM1

    Joules MM1 ....everything has an art

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    my trading take is switches in size of swings ......i've become adaptive to likely swing sizes but only use weekly trend moves as a oh-yeah-that-looks-right kinda thing ....frankly tho i am generally bearish and dont expect to take a longterm long until the weekly downtrend from 2011 is completed so in the meantime this kind of ranging cannot be called with any clarity, well, at least i can't call it
    however gold often provides good constructive swings and as long as youre not bound by any emotive logic and not trapped by any cognitive must-do's then it's a good intstrument to run with and my suggestion is only use the USD as a glance-at and not a guideline (convo for another day)
     
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  17. Joules MM1

    Joules MM1 ....everything has an art

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    gold validating the trend swing 071217.png

    with this close-up i want you to get how to validate the swing, firstly that the ratio res is proving the trend and that the nearest counter ratios are easily taken out, in other words if smaller ratios in the opposite direction have no validity then they'll be brushed aside, this should give a sense of size and general trend health (construct)
     
  18. Joules MM1

    Joules MM1 ....everything has an art

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    i can validate the play as i go .....much like melbourne storms, suddenly there suddenly not there gold
    can hit recognition zones and it's important to place size to those zone in the trend strength...it's not a purely directional play yet that idea does afford better risk (at least specific levels)

    gold validating the trend swing 071217 ii.png
     
  19. Joules MM1

    Joules MM1 ....everything has an art

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    uh-oh momo soon ?

    gold boxes 071217.png
     
  20. Joules MM1

    Joules MM1 ....everything has an art

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    @barney

    what's ratio

    do you see people drive to work, park their car, work, get back in their cars and go home
    that by its very definition is a set of ratios, a set of symmetries, a set of habits and repetitions

    taking a slightly larger picture, if you think of all traders who are active all of the time and some traders only do business some of the time (due to size and levels) then it makes logic that ratios are always active pending those players and that being true we can look to see when some players are going to only trade some swings (some price lengths) therefor they have their own active ratios

    all ratios are active all the time

    these lower redlines are inverted ratios (127.2%) and are cues only, to look out for reverse swings
    it is normal for inverted ratios to reverse a trend as all trends have sizes too so without getting into the whole how-psychology-works schtick lets just accept that it does because it does and because it does there must be price lengths people will go to to express their sense of value for their own ideas of profit or loss limits and their own sense of profit or loss as a risk extent

    in this chart we see an open gap which is likely to get closed on a reverse swing, what is most obvious is the overlapping of price and the hooks to rope in knee-jerk longs and those longs are now being squeezed out and once max pain has hit they'll capitulate and price can ascend again
    in the background the COT is showing widening of commercials into sells which is another downer for retail longs and probably some managers who thought theyre onto a silent winner as they had to follow the trend and they've done so without asking about the make-up of the trend (choppy non-impulsive) as they are only trend following absolute direction (or their concept of it)

    i agree that we are not completely finished with the upside and think the 1290 level at least is due a revisit and think the swing of 1260 thru 1306 is likely the multiple ratio (so it could be a 1:1 or a 1:127.2 or a 1:161.8 .....my guess is a 1:1 or less is most likely if it re-establishes the monthly downtrend)

    gold barney note 071217.png
     
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