Gold Bullish or Bearish

[Patuca 13]

As PREDICTED BEFOREHAND ....PER CAPT BOB REQUEST- This is a followup to my post 1087. PLEASE NOTE IT WAS PROJECTED BEFOREHAND..Gold traded down to the first horizontal line (60% chance remember), penetrated it slightly making a low of 1374.20 (red circle). Then it reversed. It has since gone to 1407.60. Over 33 points. So, a trader who went long at the green horizontal line could take 1/2 off after 18 to 22 points profit (depending on ones exact exit on 1/2 of position) and let the remainder trade on up and get out now or just continue to le it run moving up stop loss. The point is if one manages their Stoploss correctly this trade cannot turn into a loser. It is already at least an 18 point winner (probally more, depending on what the trader does) regardless of what market does afterwards. And if one totally exits right now he has a around 30 to 33 point winner.

 

I like selling into strenght and buying into weakness..catching falling knifes...and other idiotic tactics....AS LONG as the PA to the left supports such tactics.

 

Gold remains bullish. Heads up for a possible ATM zone after rise tapers off. This was with oct contract..i stuck with that chart as it was the chart of post 1087 mentioned above. It is now not the contract with most vol so in future i will use either cash or front running contract with most vol. but for comparison purposes i stuck with oct.

 

Perhaps this prediction will advance me from the COMPLETE LEVEL TL RATING (which means complete idiot per zdo) to the master level?..:rofl: :rofl: :rofl:

 

PS Warning never listen to Patuca and never do what Patuca does.. It is all for information only and to gloat a little as trading can boring.......i need to find another fishing spot....getting tired of trading.

 

Chart is barchart ....Idiotic markings are patucas

Edited September 3, 2013 by Patuca

[Patuca 13]

Took me awhile to come up with something appropriate - this will have to do:

 

Will that horse be able to run up my gold channel on my post or will he stumble..falter...and fall completely out of my channel?

[tradingwizzard 10]

Will that horse be able to run up my gold channel on my post or will he stumble..falter...and fall completely out of my channel?

 

Most likely will break and retest it

[Patuca 13]

Most likely will break and retest it

TW how long will i be stuck stuck the idiot level? My ego is suffering greatly...... Edited September 3, 2013 by Patuca

[Patuca 13]

Nary a soul commenting?...:helloooo:

[bobcollett 10]

Nary a soul commenting?...:helloooo:

 

Hi Patuca

We cant all post from a laptop on a marlin boat.

Some of us have to trade for a living .

regards

bobc

[Patuca 13]

Hi Patuca

We cant all post from a laptop on a marlin boat.

Some of us have to trade for a living .

regards

bobc

LOL....Trading and fishing work good together except when you hook a big fish and at the same exact moment a BIG trade takes off. Do you throw down the rod and attend to trading (as you can always buy another) OR do you attend to the fishing and neglect the trading? What is most important fish or $$$$$?

 

Please advise...

 

Patuca

[bobcollett 10]

LOL....Trading and fishing work good together except when you hook a big fish and at the same exact moment a BIG trade takes off. Do you throw down the rod and attend to trading (as you can always buy another) OR do you attend to the fishing and neglect the trading? What is most important fish or $$$$$?

 

Please advise...

 

Patuca

 

Nothing beats a BIG fish

Unless she's blond...

regards

bobc

[Patuca 13]

Nothing beats a BIG fish

Unless she's blond...

regards

bobc

blondes don't care about fishing but they like $$$$

[tradingwizzard 10]

TW how long will i be stuck stuck the idiot level? My ego is suffering greatly......

 

it's up to you....only to you

[Patuca 13]

it's up to you....only to you

I was afraid of that? What must I do to escape this level....?

[bobcollett 10]

I was afraid of that? What must I do to escape this level....?

 

Well Patuca,

For starters you will have to move home

regards

bobc

[Patuca 13]

Well Patuca,

For starters you will have to move home

regards

bobc

cap bob that house is too big..too many colors..and too many wheels....and too much to take care of..how will i findtime for fishing?

 

I think I'll leave Alabama sometime this month and go to Kentucky..

 

 

Patuca

[bobcollett 10]

LONG at 1401 from yesterday

Stop now at 1410

Target 1420

 

Gold is BELOW the 45 degree Gann angle....thats bearesh

The numbers to watch

.... break below 1410 goes to 1395

.....and then to 1370 SUPPORT The price bounced off 1372 yesterday. Lots of demand at this level .So thats the BIG number for a home run.

.....break above 1421 goes to 1434 RESISTANCE

.....break above 1434 is a home run (and SunTrader is dead)

 

regards

bobc .

[tradingwizzard 10]

Gold is BELOW the 45 degree Gann angle....thats bearesh

.

 

the statement above looks a bit intriguing for me.........how do you where to start from with the angle?.....a different candle and the angle is changed.....

[bobcollett 10]

the statement above looks a bit intriguing for me.........how do you where to start from with the angle?.....a different candle and the angle is changed.....

 

Hi TW

If the chart is UP , draw a 45 degree angle from the bottom left hand corner

If the chart is DOWN, draw a 45 degree angle from the top left hand corner

BUT you can start with any candle, just in the right corner.

Yesterday was an UP day, but it still made a lower low than the day before.

There is another RULE to Gann trading.... lower lows mean the short term trend is DOWN, until a higher low is made.Thats the simplest way of trading,but you lose every time this happens.. Close of day prices apply

I dont think I have explained this very well:doh:

regards

bobc

[bobcollett 10]

 

Heres some useless info for budding astronomers and S & P traders.

Our solar system is situated in one of the lesser spirals (arms ) of the Milky Way)

It revolves around the Centre at a speed of 830 000 km per hour

It takes 250 million years to complete a circuit.Thats how big the Milky Way is.

Now every 65 million years it passes through a big spiral (arm),and the proverbial hit the fan

Last time this happened all the dinosaurs died.

Well next Monday is the end of another cycle.So index trader be careful :(

I am going to take the day off :haha:

regards

bobc

[tradingwizzard 10]

Hi TW

If the chart is UP , draw a 45 degree angle from the bottom left hand corner

If the chart is DOWN, draw a 45 degree angle from the top left hand corner

BUT you can start with any candle, just in the right corner.

Yesterday was an UP day, but it still made a lower low than the day before.

There is another RULE to Gann trading.... lower lows mean the short term trend is DOWN, until a higher low is made.Thats the simplest way of trading,but you lose every time this happens.. Close of day prices apply

I dont think I have explained this very well:doh:

regards

bobc

 

thanks bob, but I still unclear......bottom left or top left.......but from where exactly?...if I move the chart a bit it is looking like having totaly different candles:crap:

[bobcollett 10]

OK TW

I will try again with some examples

My index SA top 40 closes in 30 minutes , so I must concentrate.

And the professionals trade at the close :rofl::rofl:

regards

bobc

[tradingwizzard 10]

OK TW

I will try again with some examples

My index SA top 40 closes in 30 minutes , so I must concentrate.

And the professionals trade at the close :rofl::rofl:

regards

bobc

 

ok, ok, take your professional time :rofl:

[Patuca 13]

LONG at 1401 from yesterday

Stop now at 1410

Target 1420

 

Gold is BELOW the 45 degree Gann angle....thats bearesh

The numbers to watch

.... break below 1410 goes to 1395

.....and then to 1370 SUPPORT The price bounced off 1372 yesterday. Lots of demand at this level .So thats the BIG number for a home run.

.....break above 1421 goes to 1434 RESISTANCE

.....break above 1434 is a home run (and SunTrader is dead)

 

regards

bobc .

why? Why? Why? Did you do that capt bob? Why long? I said in in my very recent post # 1096 "heads up" for ATM zone. Nothing to do but sell the top and buy the bottom until we get another breakout either up or down. We should get at least 2-3 sideways bars now 70% chance(). If a trader buy tops in ATM zone and sell bottoms he will get stopped out 70% to 80% of the time. Please meditate deeply about the matter..A trader should deeply consider selling strenght and buying weakness..

 

Ps Gold s bullish.

Patuca

[bobcollett 10]

why? Why? Why? Did you do that capt bob? Why long? I said in in my very recent post # 1096 "heads up" for ATM zone. Nothing to do but sell the top and buy the bottom until we get another breakout either up or down. We should get at least 2-3 sideways bars now 70% chance(). If a trader buy tops in ATM zone and sell bottoms he will get stopped out 70% to 80% of the time. Please meditate deeply about the matter..A trader should deeply consider selling strenght and buying weakness..

 

Ps Gold s bullish.

Patuca

 

You are correct Patuca,

They should really make you a Wizzard.....even if its just temporary

Stopped out for 9 point gain...chicken feed :crap:

regards

bobc

[bobcollett 10]

why? Why? Why? Did you do that capt bob? Why long? I said in in my very recent post # 1096 "heads up" for ATM zone. Nothing to do but sell the top and buy the bottom until we get another breakout either up or down. We should get at least 2-3 sideways bars now 70% chance(). If a trader buy tops in ATM zone and sell bottoms he will get stopped out 70% to 80% of the time. Please meditate deeply about the matter..A trader should deeply consider selling strenght and buying weakness..

 

Ps Gold s bullish.

Patuca

 

Hi Patuca

Gold now at 1391...... bullish :confused:

I have to go feed the horses , put the ox on the spit, blah, blah blah

I'l be back

The terminator.

[SunTrader 10]

Gann used 0 as a starting point to draw up 45 degrees and important long term swing highs to draw down.

[bobcollett 10]

And SILVER fell nearly 4% today

And I have been accumulating silver for my third wifes dowry

Dont tell my first wife

I think we should call in the expert why Silver is so weak

Dan.... I mean Silver , where are you?

bobc