Gold Daytraders

[Joules MM1]

QuiteTrue.

... prolonged absence from posting to this thread. ...
next two hours!!

a fair swap......
recent abode has been here: hotcopper/forex/xau/

anyhooz

how about them Commercials, eh.... third largest STO size in last three peaks? yup, could be.....
287k STO just prior to aug 2011 peak
266 in Oct peak
231 last week

remember the golden tenet with the silver lining:
Commercials make trend, Managers follow trend, Retail gets trapped by the trend

rips are for the easily trapped.....

bbs

 

[Joules MM1]

how about them Commercials, eh.... third largest STO size in last three peaks? yup, could be.....
287k STO just prior to aug 2011 peak
266 in Oct peak
231 last week

the question for me is, is the current chop completed it's upmove and now in the throws of completing a down move a simple abc thing

arrows=STO

 

[Joules MM1]

the ideas for the Commercials influence on price direction in the larger swings sits inline with the current chart above this post

if you go to the excellent site of timingcharts.com (free) and look at the position sizing for all three groups it is very easy to see how at least two groups are subject to emotive logic

cfd currently shows 75% of all clients are long and 81% of all the top clients for this particular cfd platform are long

to me, that's a gimme for we need another strong dip into the cellar.....lotta people like to oversize, afterall, it's gold

 

[Joules MM1]

on a number of swings, since the "dimple" high at 1285's front month contract, then the Draghi hype, then the Janet hype, there have been significant enough failures to make basic ratio lengths, plus the overlapping chop, offer enough evidence that we need to dig deeper to find the real impulsive bid for trend to drive higher....in the weekly view there's plenty of food for thought that 1500 ish is a good upside target, but, interim, the pricing is weak and atypical of impulsive trend and typical of corrective action....the auction is doing it's job of finding true levels or trend

until Commercials give a strong enough hint, not just BTC but BTO positions, it is good cognitive logic to sit on small sizes and play the swings in lower frames and sets, rather than making any major call and getting trapped
if a 10k guru wants to run your account AND take on the risk, great, skies the limit.....

just ideas

 

[Joules MM1]

scaling game

 

[Joules MM1]

here's another one

the task is to determine if the hook that has just ended, has actually ended, or simply pausing, or recycling a previous up-down-up sequence.....not trending, treading.....halted at a 1:1 ratio
....who's footprints are these...mm's and liquidity provider types? probably

 

[Joules MM1]

someone wants it higher and taken effort to get price to ascend......not trending, stepping

"Ah c'mon all you lads, let's forget and forgive
There's a world to explore, tales to tell back on shore
I just spent six months in a leaky boat
Six months in a leaky boat"

Split Enz - Six Months In A Leaky Boat Lyrics

 

[skyQuake]

Legal Post: Proposed $1B class action alleges Scotiabank and other banks rigged silver price

The tin foil hats must be absolutely frothing!

 

[Joules MM1]

The tin foil hats must be absolutely frothing!

-----------



we had a cupla moves upto and rotate at the ratio res then someone stepped in a momo'd upside

no drilling holes in the bottom of the boat to let out the water

 

[peter2]

That's something different Joules. Gold going up with the SP500 and WTI. The world has become crazier.

 

[Uncle Festivus]

The tin foil hats must be absolutely frothing!

Nothing to see here, GS is short

Nicely times with exhausted risk trade rotation? Sell in May etc?

 

[Joules MM1]

That's something different Joules. Gold going up with the SP500 and WTI. The world has become crazier.

yes, Peter ....another "rare" occasion when correlations fall to bits....looking forward to $UUP/$DX climb with $GOLD

like a larf!

 

[Joules MM1]

ratios at work





you can see the double ratios at work obstructing the upswing

the first at 1245's (green)
second at 1251's
the third ratio sits at 1264's above the flag thing

not trending higher, treading higher

 

[Joules MM1]

rejection at the top of the flag thing

a lot of work was put into getting there

good stuff if youre in mode of distribution

 

[Joules MM1]

second attempt finds big boots kicking the door down on the top of that pennant thing

hiho silver we're right behind you

 

[Joules MM1]

did we just get a false brk or a retest of the pennant thing ?

some heavy hitters in the arena



arrows=STO

 

[CanOz]

Nice, the ecb theme helping....

 

[Joules MM1]

COT report is going to make compulsory reading his week

 

[Joules MM1]

set-ups and traps

forced to cover...the move up exhausted with little fight, those bids done, roll over



trap or not ?

 

[Joules MM1]

more horse radish less like Rorschach

out of sync ....sic!