We would love to hear your thoughts about our site and services, please take our survey here.
Thanks F430
morning mr FP - (doffing one's cap) trust ur well matey!!! almost due BTFD (dip buying) SOLG....;o]
This is the chart I'm running on gold with a v large long running symmetrical triangle running since 2013 - & the logic re 1345/50 just to show my logic (rightly or wrongly lol)so you can see what i'm referring to & so you don't think i'm totally barking lol.... http://www.screencast.com/users/BN.c/folders/Commodities%20Gold/media/d85bfc3e-f473-4a85-a565-b8df8734b15c
Hi Hottentot, Sure Lambp & F4 know a grt deal more than I on gold - but it's a complex beast as is not only affected by risk on v risk off trends e.g. equities down gold up & vice versa - but it's also affected by the $USD strength / weakness as is traded in $USD - so can get pulled around (don't think the "inflation hedge" bit is relevant to current market situations at the moment Equities more so european than US have been hit pretty hard since July - logical due to the tensions re Ukraine/Russia debacle - & so far the attempted rally has been v v weak....plus it's selling season rather than buying season......so it's not beyond the realms of possibility that further lows could be seen - who knows what piece of lunatics news is around the corner - Ukraine, Israel/Gaza, Iraq, Syria, Libya, China/Japan = Argentina going bust again, stagnation looming in the Eurozone + potential dips back into recessions - plenty of dim & gloomy headlines around us at the mo ;o[ aren't i full of the joys of spring lol - need a holiday i think ;o]
ok guys - thanks very much for your feedback lambpostie i'll check out forex factory also many thanks F430 - hope ur havin a grt time & not frightening the ladies off in ur budgie smugglers (lol) ;o]]] thanks again toodles bn.c
Hi peeps - just running a trade idea past u guys on GOLD - looking to sell at 1345/50 50pp stop 1395 for sub 1200 - wondered what others views are? atvb & regards, bn.c
SLE anticipated B/out happened today - rise +55% - on news of farm out deal ;o]
fp..... SLE on the move - if breaks out of wedgie could move more strongly ;o]
Would love a DAX entry long in low 9800's - if this mini triangle on the hrly would break favourably for entry....... For any EW'ers - it's possibly in final 5th wave primary (final leg up) & currently in a possible ABC wIV intermediate count. Whether it's a running flat ABC or will drop lower for an ideal entry in low 9800's remains to be seen.
FP - of course my middle name is Patience (tap tap tap - fingers drumming on't desk lol) atvb buddy ;o]]]
FP mornin matey - yup agree well in the main - only thing that's materially changed is it's gone from a roughly 1bln ton to several billionS of tons with those previously unseen lumps ;o]] atvb matey!!!
FP - You see the latest on Alpala today - v encouraging indeedy!!! Wonder when the meerkats a really gonna realise what's being uncovered there???
Also this on RPO.... 1st chart show price action from 2012-2014 focus is on the Primary 12345 count - I believe we are in the final 5th Primary wave of the downtrend (123&4 complete) (bit difficult to see I know but bear with me) http://www.screencast.com/users/BN.c/folders/RPO/media/0967a950-1785-4443-bf15-7d4a76ef5ee4 2nd chart shows price action from 2013-2014 http://www.screencast.com/users/BN.c/folders/RPO/media/12fd44ec-08f8-422a-bbe8-5ab6c33b3ea8 From this you can see the fractals within this final Primary 5th wave with Intermediate waves I,II,III&IV complete I believe Finally 3rd chart shows 2014 only zoomed in further now looking at what I believe is the count within this final Intermediate Vth wave of Primary wave 5 http://www.screencast.com/users/BN.c/folders/RPO/media/1680e867-eb7d-48ae-86fd-7f180b0a44a1 This shows Minute waves i & ii complete & iii either in progress or complete (tbc) with iv & v to come & complete the downtrend......... Again possibly end of downtrend soon???
ps - some stuff posted on SLE for info - just my take from a EW perspective (ending diagonal final c wave) also commonly known as falling wedgie ;o] http://www.screencast.com/users/BN.c/folders/Shares%20SLE/media/069080ef-3a77-4c17-8a8d-70d63649b021 zoomed in... http://www.screencast.com/users/BN.c/folders/Shares%20SLE/media/12644316-7676-4f08-b65f-a212e469d52b & zoomed right out for the whole bigger picture...... http://www.screencast.com/users/BN.c/folders/Shares%20SLE/media/7c8959c3-7df2-41b0-98fb-a0d653322757 By no means an expert on these things - but looks to me like one more low should do it - then potential for a wee bouncy bouncy....... just sharing ;o] atvb peeps bn.c
Yo Mr FP - Think Mr Elroytrader has a decent handle on the indices once again now - DAX poss in Wiv of the final W v of W5 to end this current cycle that's ran since 2011 for info - just thought i'd share atvb m8y bn.c
F430 - You too!!!
Are we gonna sell off on gold again - for final leg down??? http://www.screencast.com/users/BN.c/folders/Default/media/a165d303-7ed0-4814-baa6-98ba3480f231
mornin all - glad to see ur makin a killin on Bens wrong footin the meerkats. couldnt believe my eyes on cable last night hit my target + a further 60pips in overnight "doldrums" rising 230 pips - my limit kicked in at 15125 for 175 pips on nic £'s points ;o]
Uncle Ben does it again lol. Reverses from hawkish to now dovish commentary stating "inflation & jobs signal more stimulus needed" "highly accommodative monetary policy needed for forseeable future" So the stabilisers aint comin off just yet - meerkats will be relieved n continue on their steriod pumped bs rally safe in the knowledge that the global central banks will continue to pump more n more money into their respective economies - hey everyones a winner............... Uncle Ben says - just buy the f'in dip - n fk it if we create yet another bubble to burst lol........... http://www.youtube.com/watch?v=jllJ-HeErjU So fill yer boots guys n gals................. Long GBP/USD 14950
FP - Hi matey - hope yer got ya waterproofs r kid!!!!! Well if ya get drenched more of an excuse to hit the club house afterwards for a wee dram lol. Ref gold charts - wish I'd seen the bloomin pattern a while back - never mind... The last large sell off dropped 300 pips - current sell off is roughly the same so Im guessing we'll get to some sort of support level in the not too distant to possibly go counter trend & grab 100 pips or so - then I guess it's a poss reload for next leg down............. F430 - may I ask what ur views are on gold?