Gold Day Trading

[Joules MM1]

boxing day here and chrissy day in the US and bidders are keen and price is becoming constructive

1282's appear on tap today already .....are we expecting a pullback in equity bid-side liquidity going into january ?

still thin trade with a few chasers....price is going and so do i !

 

[Joules MM1]

quick review on silver to see if there are associative measures, similar context, relative size and simple logic that says the view on gold is supported

as i recall in gold when it formed a triangle at the weekly swing low in may thru july 2012, what looked like a move that would end in a thrust south, headed north during which we had the two great central bankers designate no effort would be left to secure currencies and equity markets, several weeks later all the retail fervour saw a top that just wouldnt look back, big declines came, as is fair to say, if one part of the method is not observed correctly and adjusted-to correctly then .....ya know....if i look the opposite way (using gold as a proxy to avoid outright bias) can i say i am observing price action correctly and placing anecdotal evidence into correct context?

 

[Kryzz]

boxing day here and chrissy day in the US and bidders are keen and price is becoming constructive

1282's appear on tap today already .....are we expecting a pullback in equity bid-side liquidity going into january ?

still thin trade with a few chasers....price is going and so do i !View attachment 85340

Any chance you see this spiking through 1,300 at all?

 

[Joules MM1]

Any chance you see this spiking through 1,300 at all?

View attachment 85356

youre asking me to predict which i cannot do ....accurately
suffice to say if we break the 1282's level (front month cfd) then the next multiple target is 1318

 

[Joules MM1]

ah, those pesky US/Aus timelines ......82's target on tap?

 

[Joules MM1]

the level (see insert) got treated like bish .....very little sell volume around and pulls are shallow...appears we have a ways to go before the uh-oh gang arrive and have to have at it

when price moves thru a ratio as it has now it tells a whole new story in a larger context and typically in prior moves like this we get a target well above and the highest ratio go to in this phase is 1335's above which i am utterly clueless
6 major levels above 1282's offer swings so i'll be looking at them as we go with a cupla fakes thrown in just for laughs, surely!

1294's please

 

[Joules MM1]

tomorrows trendy going to buuuuy.....

 

[Modest]

Nice trading mate

1,294.50 (Cash CFD) is my next target I have eyeballed

 

[Joules MM1]

Nice trading mate

1,294.50 (Cash CFD) is my next target I have eyeballed

yep, me too ("overlooked level" https://www.aussiestockforums.com/threads/gold-day-trading.13677/page-3#post-968652) great minds drink alike

 

[Joules MM1]

@Modest (artist formerly known as et tu $PEPE) ...looks like a headbutt 94's + top of the channel ?
some momo by fomo's

 

[barney]

@Modest (artist formerly known as et tu $PEPE) ...looks like a headbutt 94's + top of the channel ?
some momo by fomo's
View attachment 85385

As an amateur and hopefully potential futs guy of the future ..... i'm curious ..

Given the 1294ish level is looking a goer, do we now drop down to a lower time frame (1 min or 5 min) and micro trade the last couple of points ... just in case it does one of those undesirable "Rank Reversals" and we end up losing a sleeve off the shirt we just got for a bargain price at Lowes

 

[Joules MM1]

As an amateur and hopefully potential futs guy of the future ..... i'm curious ..

Given the 1294ish level is looking a goer, do we now drop down to a lower time frame (1 min or 5 min) and micro trade the last couple of points ... just in case it does one of those undesirable "Rank Reversals" and we end up losing a sleeve off the shirt we just got for a bargain price at Lowes

see "Conversations" started one in there

 

[Modest]

@Modest (artist formerly known as et tu $PEPE) ...looks like a headbutt 94's + top of the channel ?
some momo by fomo's

Yeh looking for a final thrust up into 94s to unload the rest of my position into. Once flat I won't have anything better to do than to look to get short I guess

 

[Joules MM1]

Yeh looking for a final thrust up into 94s to unload the rest of my position into. Once flat I won't have anything better to do than to look to get short I guess

consider a scale ......still very trend constructive

 

[Modest]

Yeah I'll definitely buy it again for much higher prices - there's enough momo on the HTF's for it continue rallying. But for the time being, I am liking the look of entering a short around the 94's for a pullback

 

[Modest]

higher prices in my view = 1,322ish

 

[Joules MM1]

1321 front month cfd has a standard rotation ratio

 

[Joules MM1]

looks like that's about to get slapped thru too ......so little to do

 

[Joules MM1]

closed out last left of scaled at 20's ....we got a solid rejection and have STO at 20's s. 22's
if it begins to range in this zone i'll look to take a BTO on a break of 22's but otherwise observing the signal in the rotation

 

[Joules MM1]

how does it look?
where's from?
how would it influence current level?
break that down into the price action that gives the signals you need
profile the risk