Gold Bullish or Bearish

[bobcollett 10]

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

 

Where is 0, SunTrader?

In the bottom left hand corner of any chart.

regards

bobc

[Patuca 13]

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

ok i didn't read your post well. I now see it was yesterday you went long at 1401. That would make sense. But in addition i would have shorted high today for an entry into ATM. I did not undrstand why you went long today. Misunderstanding. Carry on....

 

[ame=http://m.youtube.com/watch?v=OOhvX9JQ_WI]Kansas Carry on my Wayward son Lyrics. - YouTube[/ame]

[tradingwizzard 10]

I kind of agree with Suntrader here........1x1 should include zero

[Patuca 13]

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.

it is bullish in the intermediate bullish channel trend and perhaps even longer term trend. It has been bearish all morning almost for ATM but it is soon with next hour or so be bullish for ATM. Remember in ATM BUY BOTTOMS. Bottoms of the mini sideways range. Generally, when i say bullish i am speaking of the intermediate to longterm trend.

 

In ATM it goes back and forth bullish / bearish until it breaks out ofthe sideways mini range. Maybe this will clear up things?.

 

In other words, ofds favor a couple of sideways bars were you buy the low and sell the high and repeat until a breakout of the range top or bottom occurs.

[SunTrader 10]

Where is 0, SunTrader?

In the bottom left hand corner of any chart.

regards

bobc

Should have said O under an important long term swing low.

 

Not far left corner.

 

edit: Forget about it. Actually I was thinking of another Gann technique.

 

1/8ths etc projected up off 0 and down from important highs.

Edited September 4, 2013 by SunTrader

[Patuca 13]

Right about now (anytime rest of the day) is a good time to look at getting long IMO around 1385 to 1387 area for an ATM TRADE. Price stands a higher probabilities of trading up tomm. Then exit at the top of the minirange...full exits when trading mini ranges generally is the best strategy.

 

This for information only. Do not do what my opinion ! You could lose your money!

 

Patuca

[SILVER 10]

Bob,

 

the aspect I mentioned early August,the one that caused 2011 High has waned IMO.It fueled three weeks in 2011 and thats about the time it fueled this time,too.Next good aspect is coming after 20/9 so I expect side-ways after this down move has finished.The bigger trend certainly is down.The up-move only touch 25-it should have made it to 26 at least (old bottom)

[Ammeo 10]

it is bullish in the intermediate bullish channel trend and perhaps even longer term trend. It has been bearish all morning almost for ATM but it is soon with next hour or so be bullish for ATM. Remember in ATM BUY BOTTOMS. Bottoms of the mini sideways range. Generally, when i say bullish i am speaking of the intermediate to longterm trend.

 

In ATM it goes back and forth bullish / bearish until it breaks out ofthe sideways mini range. Maybe this will clear up things?.

 

In other words, ofds favor a couple of sideways bars were you buy the low and sell the high and repeat until a breakout of the range top or bottom occurs.

 

Am thinking the same, maybe it makes a new range in the $1350-$1450 Range which seems more likely to me..

[bobcollett 10]

Am thinking the same, maybe it makes a new range in the $1350-$1450 Range which seems more likely to me..

 

Hi Ammeo

Thats quite a RANGE :missy:

What makes you think it will be as low as 1350?

And it cant break 1434, so hows it going to get to 1450?

regards

bobc

[bobcollett 10]

And on page 121 (nice number) of Ganns famous Trading Course,..............how to draw an angle. Any member requiring more info .,please PM your email addresss and I will send you the other 400 pages.

regards

bobc

[SunTrader 10]

And on page 121 (nice number) of Ganns famous Trading Course,..............how to draw an angle. Any member requiring more info .,please PM your email addresss and I will send you the other 400 pages.

regards

bobc

You did see what I added to post# 1125 right?

 

But BTW did I miss any charts with these Gann angles drawn on them.

Edited September 5, 2013 by SunTrader

[bobcollett 10]

Bob,

 

the aspect I mentioned early August,the one that caused 2011 High has waned IMO.It fueled three weeks in 2011 and thats about the time it fueled this time,too.Next good aspect is coming after 20/9 so I expect side-ways after this down move has finished.The bigger trend certainly is down.The up-move only touch 25-it should have made it to 26 at least (old bottom)

 

Hi Silver

I've got a Silver geocentric Ceres 36 degree cycle on Saturday which will change the trend.

So I expect some movement UP on Monday

Change in trend for Gold tomorrow or Friday....UP

The problem with astro trading is the dates are never accurate

But it does give you a heads up....at least you arent on the wrong side.

regards

bobc

[bobcollett 10]

You did see what I added to post# 1125 right?

 

But BTW did I miss any charts with these Gann angles drawn on them.

 

Hi SunTrader,

Are you referring to the 1/8 angles?

 

I have posted Gann angles before using an overlay.

But I have tried to make things simpler.

The angle is really a fixed trend line....BUY above and SELL below.

And most traders can "see" the trend without drawing lines.....I hope.

regards

bobc

[SunTrader 10]

Hi SunTrader,

Are you referring to the 1/8 angles?

........

No the ones you were talking about: 1x1 or 45 degrees.

[SILVER 10]

Hi Silver

I've got a Silver geocentric Ceres 36 degree cycle on Saturday which will change the trend.

So I expect some movement UP on Monday

Change in trend for Gold tomorrow or Friday....UP

The problem with astro trading is the dates are never accurate

But it does give you a heads up....at least you arent on the wrong side.

regards

bobc

 

Thats out of my league,Bob. I only watch the classical nine planets.Out of my head it is a Mercury-Neptune aspect coming up.

I studied the cycles working in silver from its inception in 1933 and the way I see it there are two types of aspects working.First aspects that create cycles,these will not pinpoint a turn-date but mark a beginning of a period of time where one finds hightened energy one way or the other.Second there are aspects that are too weak to create a follow up cycle,these can pinpoint turn-dates.

[tradingwizzard 10]

.Second there are aspects that are too weak to create a follow up cycle,these can pinpoint turn-dates.

 

hi Silver,

 

if you would like to elaborate a bit the last part I would highly appreciate that.....thanks

[SILVER 10]

Its about the orbs,Gann seems to have respected 6deg orbs for example.So a 8 degree orb from a strong aspect has a low probability to cause a cycle,but higher chances to be a turn-date.

[tradingwizzard 10]

Its about the orbs,Gann seems to have respected 6deg orbs for example.So a 8 degree orb from a strong aspect has a low probability to cause a cycle,but higher chances to be a turn-date.

 

I have to admit I don't know shit about that and I have to do some research there....thank your for your answer though

[bobcollett 10]

Its about the orbs,Gann seems to have respected 6deg orbs for example.So a 8 degree orb from a strong aspect has a low probability to cause a cycle,but higher chances to be a turn-date.

 

Hi Silver

Do you respect 6 deg. orbs?

Thats an awful high number

My astro program is set at 2 deg.

regards

bobc

 

PS. For those members trying to work out what orbs are......

If you fired a rifle at a target and you were 6 deg off line, would you hit the target?

If your golf club driver is 3 degrees open / shut , you will miss the fairway.

[tradingwizzard 10]

 

PS. For those members trying to work out what orbs are......

If you fired a rifle at a target and you were 6 deg off line, would you hit the target?

If your golf club driver is 3 degrees open / shut , you will miss the fairway.

 

you crazy old..............you know the rest........thank you for that...really!

[SILVER 10]

It sure is,I watch up to 6deg,but look for cycles definately only below 3.Your shooting examples have a catch:) Your examples all describe objects that have routes in the sense of a ray.Astro in my understanding is about the magnetic field changes evoked by the motion of celestial bodies.More like a Katjusha;)

[Ammeo 10]

Hi Ammeo

Thats quite a RANGE :missy:

What makes you think it will be as low as 1350?

And it cant break 1434, so hows it going to get to 1450?

regards

bobc

 

I am not a technical trader and the $1350-$1450 was my personal perception out of the current global demand and supply values and some top Analyst and corporate bank ratings..

 

Recently some of the price targets from agencies are kinda more bearish on gold Like one from Piper jaffray...

 

"Gold target $1,050 from Piper Jaffray 12-24 month time frame'.

 

Maybe we see a break of $1350 in 2014 again..

 

Regards

[SunTrader 10]

....

Maybe we see a break of $1350 in 2014 again..

...

 

2014? how about in another day or two.

 

[Patuca 13]

2014? how about in another day or two.

 

:rofl: :rofl: :rofl: :haha: that is funny :haha::haha:

[MightyMouse 12]

:rofl: :rofl: :rofl: :haha: that is funny :haha::haha:

 

You are free to take either or no side of a trade, but you are not free to escape the consequences of your decision.