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venzen replied Nov 20, 2013Muntu, thanks for the advice, but i adrenalize easily... confidence wavers when the ECB makes surprize announcements, but entering a trade before major news tends to get my heart pumping!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
thanks, Islander. i'm sitting with a huge position short due to good alignment of wave count, indicators and sentiment - couldn't they at least have the honor to schedule a press conference? jeez man...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
now what the hell is going on? edit: i swearengen - when this leg down finishes I'm dedicating my trading time to Bitcoin - straight textbook waves that play nice with indicators and 100% gains some days - this Gold PA is getting me down.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
one bottle down the hatch for sure! i got in too early at $530 instead of $450 - will figure out why and post tomorrow... but no tears, what's $80 when BTCUSD is going to the moon! Hahaha!Bitcoin technical analysis
- venzen replied Nov 20, 2013
hi Greenstar, hope you're well! this PA has completely surprised me - I expected fireworks but got... nothing. maybe later a drop will happen...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
yep, grabbing a cold drink might do the trick - thanks Rhodie. It's the spike up I'm weary of... keep moving my SL away, then closer, then away like a nervous fool
I read the post and your forecast is there - difficult to discern because the ...XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
BTW - does anyone know a good remedy for sweaty palms?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen commented Nov 20, 2013
BTW - you might consider a short in Gold/Silver at news time (if you're not already onto it)
the metals appear in terminal decline with Gold's bottom only $70 below
One China Crisis Nobody Is Talking About
- venzen commented Nov 20, 2013
hi Real Jumper and Speadbetter, annoying article and rhetoric - you both level pointed criticism at the originating ideology and peddlers. Way I look at it (and I'm sure you do too) is that a spirit of international co-operation could easily make it ...
One China Crisis Nobody Is Talking About
- venzen replied Nov 20, 2013
Hi Luis and friends, Gold H1 The red PA path seems like the one image
Elliott wave outlook
- venzen replied Nov 20, 2013
Muntu, no idea what (or who) that was. Must be a large institution sell - probably a central bank who are infamous for selling near the market bottom...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
Jay, "may help" sounds like "i hope it does"! but you have your trading rules so do what you must. as i understand double bottom happens at the bottom which is 1180. unless we say it's going to reverse at the previous low. Which it could,
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
Vachus, thanks but no thanks! the last time i tried to catch a falling knife, while looking for my severed thumb, i ended up walking into the path of an oncoming freight-train!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
that's great but the quandary is that saying so after-the-fact doesn't help anyone... you see what i mean? i believe your system does what you say, but it's one thing saying so when the PA is manifest and another to put your c*ck on a block and ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
nah, mates... I don't believe what i'm seeing - PA is trying to retrace that drop... fancy going long Gold anyone? ... this is ting-tong!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
how's the way PA keeps reaching up desperately... i mean surely not. Who would buy after that?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
Thundering Typhoons! hope your SL was in place!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
i have it completing a stunted C wave to the 1275 area - so one more small wave upward. I don't think this PA can manage anything above that. However, it depends on market's reaction to the data later, but you've seen how it's been - Gold's PA is in ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
hi Scalptastic, Bernanke has spoken already. I believe he conveyed the message that the Fed has no problem keeping QE (or accommodative policy) going for the foreseeable future. Today's events are CPI and Retails data as well as the FOMC meeting ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
Return to the original first idea, again... Before: I was looking for a deeper retracement and when it didn't print I assumed it would manifest later in the wave. A few subsequent ideas, such as triangle formation in this immediate vicinity, etc are ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread