I needed to update gold's last move in a private idea. If you followed it congratulations, we did it. Short again from the bulltrap. If you missed it please say thank to the trolls : below my last gold idea you will find a few. - We might get rid of them if they cannot use their personal message system. Just send them a personal message. I always welcome the contrarian views below my post. This webpage about sharing thoughts. But I will fight hard till last troll standing.
The private idea link is here:
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Something to start with after FOMC:
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The triangle will break down.
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Here we go.
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Triangle has formed into a range. We are getting to late for breaking above 1365 in this daily cycle.. So first we need to print a DCL. Currency moves push out the gold cycle again so it will be extremely hard to make money in the 2nd daily cycle. And this intermediate cycle might have topped in the first daily cycle just like last year's second IC with Kim's fireworks. So the 2nd daily cycle can have 6-15-24 days of rally.
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I think we have the final direction at last. Bulls and bears got fleeced. Banks are winner again. Holding the short position.
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Long scalping here Selling back in the next hourly candle
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Closing scalps at the back test of the range
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Get ready. Need to close in the next hourly candle .
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Scalps need to close in the next hourly candle
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Clockwise... Closing scalp longs Back to full position
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Looking forward to see daily minimum close.
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Daily minimum pleeeassseeee
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Flag finished. New low is coming.
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We clearly broke down of the range. RSI reached extremes so in the last hour of trading I started to hedge my shorts.
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The next step is the back test of the 100 SMA on the hourly chart. It's possible we are also testing back the bottom of the range. With the current situation of reversing stocks and the bouncing dollar I still think it's extremely dangerous to long gold.
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"Going to the Moon" - cancelled. Again.
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We are going to have a bounce here on the daily basis. CLosing shorts.
No one knows if you are long or short. You pretended to be short while running a long private idea. No one knows if you had/have several private ideas running. No one knows all this except you.
You encouraged "trolls" to give signals, that is, to be trolls. This means you are not warning them to stop with the comments. Then when you had enough, rather than warning them, after the encouragement to be trolls, you report them. "We got you banned".
You've been short, more or less, since April last with a good call on the peak that month. Generally speaking, it is the markets that are not cooperating (since it looks like you are aiming for the dec 2015 trendline).
Sorry, I am not good enough to give market direction, publish ideas, but how can I trust when you are long, you are, and when you are short, ditto? Yep, there has to be healing here.
chartwatchers
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@ARGOS1, you have zero chance following me with the trolls’ deathwish. I think we got rid of them. I wish i was able to update you like yesterday.
you and your cycles , even the triangle didn't work , good analysis I have to say ;). buy around 1307. That's all you need to know
Sharky8899.
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In my experience the first YCL low in gold and the first DCL will suprise to the upside, consider that the dollar is in a bear market.
I would limit my proffit margin and tighter stops. I am stil long from the YCL and will sell when the next IC-topp comes.
That is in my oppinion the best trades, the ICL's and the YCL¨s.
GeneTyne
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better wait for the hourly candle close before celebrating
You encouraged "trolls" to give signals, that is, to be trolls. This means you are not warning them to stop with the comments. Then when you had enough, rather than warning them, after the encouragement to be trolls, you report them. "We got you banned".
You've been short, more or less, since April last with a good call on the peak that month. Generally speaking, it is the markets that are not cooperating (since it looks like you are aiming for the dec 2015 trendline).
Sorry, I am not good enough to give market direction, publish ideas, but how can I trust when you are long, you are, and when you are short, ditto? Yep, there has to be healing here.