Gold Daytraders

[Joules MM1]

silver rotates on 127.2 inverted ratio, xauusd failed to make lower lows, lends to more bid zone

 

[Joules MM1]

thanks @peter2

we appear to have more of the same, even with a relatively higher bidside to commercials monthly basis we're not getting any clear air and price requires a news hit to get updraft that doesnt sustain for long

 

[Joules MM1]

small resistance, xauusd v the 6pac (sitting in bull channel)

 

[Joules MM1]

less of investment impulse and more of reactive energy with dxy spitting the dummy
interesting that 'top clients' cfd players closed at only 51% BTO v pre-wedge brk-out at 70%+
and 'all clients' closed 55% BTO v' 73% pre brk-out
uptick in COT report shows retail/managers chasing bid on low participation, commercials making lower lows on higher price





end of may mental murrda, inspector
muhddah ?
aye, muhddah!

 

[peter2]

@Joules MM1 I noticed a couple of long entries in your gold chart. Well done. Good alignment with falling DXY. Price is past your first target and onto the second. Will it go all the way to 1350?

 

[Joules MM1]

@Joules MM1 I noticed a couple of long entries in your gold chart. Well done. Good alignment with falling DXY. Price is past your first target and onto the second. Will it go all the way to 1350?

thrusts versus impulsive break-outs are hard to differentiate....one leads a to a primary rotation and is a hook to attract doubters and late comers to soak up the supply strong hands dont want..if the COT bares witness by commercial positions, signals theyre selling, then we can get a glimpse of which side to err on ......levels being levels etc

#biasrisk

 

[Joules MM1]

when you see a bunch of close-out line above a ratio that means i treated the (yellow dotted 1:1 swing equality) lines as break-out line that gave me permission to add with the trade (this instance bid) all the lines inbetween are now closed, super small in size, the stop is singular, we cannot know if targets will get hit or not, but, the play is repetitive, back testable, with one size broken into parts, some get closed and sometimes the target falls short (i was wrong) however as we close out on the way to the target two things occur, i lose on the extra dosh by closing some out early and lower the risk by losing some dosh by closing out early - and the dosh banked, is banked!

 

[Joules MM1]

@peter2

and while my concentration is on indexes

 

[peter2]

nd while my concentration is on indexes

Totally understandable as they're flying high tonight. I agree, with the index going up, gold is likely to fall. How far it falls will indicate the strength of the bullish demand.
I'll take a nibble at a short.

 

[Joules MM1]

Totally understandable as they're flying high tonight. I agree, with the index going up, gold is likely to fall. How far it falls will indicate the strength of the bullish demand.
I'll take a nibble at a short.

on the overnight action, back in BTO's, that sell signal i was looking at too hard too close suckered myself into seeing a reset in the current rip-up .....curiously retail cfd's are the most bear-stance i've seen a a few years at 56% STO's with top clients 49% STO's

yazz people!

 

[Joules MM1]

on the overnight action, back in BTO's, that sell signal i was looking at too hard too close suckered myself into seeing a reset in the current rip-up .....curiously retail cfd's are the most bear-stance i've seen a a few years at 56% STO's with top clients 49% STO's

yazz people!

#truncation smallsize, needs to clear 1331's to signal 1357's in play

 

[Joules MM1]

$dx still got the sags, retail xauusd cfd's negative stance most of this journey

 

[Joules MM1]

pop quiz
a #thrust has completed, double top,
at least all the requirements of the thrust, the $dx hit the base of an upchannel

xauusd also touched on the roof of the larger tri shape daily basis

which instrument looks the most bullish ?

 

[Joules MM1]

ii

close-up of blow-off to complete thrust
inverted extension at 161.8

 

[Joules MM1]

another emotive ratio, breaking down this mornings low is likely to add momo to PM sells, we have a rotation in hand that is likely to hold for several weeks, we still have a kicker to come in the NFP's tomorrow
we saw an impulsive blow-off into the high to complete a thrust and impulsive first leg down, it's tiny but it's clean and the low in this current move is flat and typical of more southern cities to visit...

 

[Joules MM1]

let's follow along on the ride

the mouse that waits to see if the second mouse, who got away with the cheese, but the cheese was poisoned...... always eat well

 

[Joules MM1]

players setting up for the NFP whizzoff

 

[Joules MM1]

got some black and then got smashed into red on that one
i missread the set-up for a STO, price has corrected my outlook
next upside step 1357's

 

[Joules MM1]

before closing friday i placed a small sell as price appeared exhausted and would likely come back inside the news release range, today both gold/silver gapped at the open, this is not a typical bullish signal, if anything we would expect the reverse if the friday lift was to follow-thru - it appears the tie between xau/usd clearly displays inability of gold bulls to drive their own trend

trading the price in front of me

 

[Joules MM1]

6pac dragging gold in usd's .....fade the faders