Gold Daytraders

[arco]

.
Max profit was +1030

Stop loss hit

+300............... @ 731.80

GTA - arco

 

[arco]

.
If we hone down to a 15m chart we can see the problem is thick Kumo(cloud) which is holding up southern bound progress.

Chikou is still south of the plot which is a good sign +TS/KS still x'd

 

[arco]

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Still headwind through the cloud - a little blue ahead..........

I've taken 2 new full size positions

stops now at +500 and +100

so whatever happens I will be +900 guaranteed for the day

GTA - arco

 

[arco]

.
Stops moved

+900, +400 (and +300 already taken)

Day guaranteed +1600

 

[arco]

Action is now into the blue box from Saturdays chart posting


+1800 taken on lower order, (see chart)

+1100 stop loss on balance (higher order)

+300 on original order



Guaranteed total for day +3200

.

 

[arco]

.

Time to relax for moment.......totally flat now +3200

The action has broken thru the Kumo on the 15M, and appears to be breaking down thru on the 30M which is very thin at this point.

I may not trade again today, but if I do it will be on a test of polarity off the Kumo.

arco

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[BentRod]

Nice trades Arco

 

[Uncle Festivus]

Your shout Arco .

Just noticed the EUR waterfall coincide with the gold pop down. Looking to have some sort of bounce for both EUR and gold from here - 123.3 & 706??

DXY trying for 88?

 

[arco]

Need to be trading 24hrs....to get all these moves.

Another circa +3000 could have been taken overnight based on the Ichimoku signals.

There could be a little retrace now to test the cloud below. (See new highlighted box area).

I've left all the old boxes in place so you can see where they were from last week.

GTA - arco

 

[arco]

.
Ah.....back after a nice long walk along the beach.

...........................as mentioned earlier "There could be a little retrace now to test the cloud below. (See new highlighted box area)."

Just got my TP hit for +450 ...tried to take a snap but it happened so quickly at the end.

The Blue Box on the 1Hour chart is the same Blue Box on the 5m chart and earlier post.

GTA - arco

 

[arco]

.

We have prior knowledge when Kumo (cloud) change to bearish 25 candles ahead of time.

See the waterfall.........on the 1M chart.

Kumo resistance ahead - as you can see - now can it be broken

The Blue area is still the same Blue Box from all the other charts

arco

 

[arco]

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Morning Star off Kumo so just done a little scalp here for +300

arco

 

[barrett]

Nice work on the trades Arco.. would you see this break as suggesting a possible trend change here?

 

[arco]

Hi Barrett

Thanks, and good to see you on the thread.

Long way to go before we can confirm a trend change IMO. Certainly a breakout on 1hr and lower time-frames which can be traded cautiously using Ichi rules.

Action has been struggling at the old support zone from Sept 08................... 3 attempts @ 747 area so far.

rgds - arco

 

[barrett]

Hi Barrett

Thanks, and good to see you on the thread.

Long way to go before we can confirm a trend change IMO. Certainly a breakout on 1hr and lower time-frames which can be traded cautiously using Ichi rules.

Action has been struggling at the old support zone from Sept 08................... 3 attempts @ 747 area so far.

rgds - arco

Yes - I think the retracement for the trendline break is also right there at 747.. plenty of capping going on. The gold stocks down 10% last night vs Dow something like 3%, so not the most positive sign... on the other hand, a beautiful looking head and shoulders bottom formed in gold just over the past week, with heavy buying off the head. But yes 747 area looking v. important..

 

[barrett]

Nice Kumo support there on the 1-min, did you scalp that Arco?

 

[arco]

Hi Barrett

No, I went in for the longer haul - potential test of 747 again

 

[kransky]

great charts but its way over my head.. what in blazes are you blokes talking about with your kumo and cloud talk?

are those indicators of sorts? They seem to predict the future like magic

 

[arco]

Hi Barrett

Yes, that was also a good scalp on 1m - hope you took advantage.

rgds - arco

 

[arco]

Hi Kransky

You can learn all about it here.....

http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page

I think the site may be off line at the moment while Manesh (the owner) changes servers. However, also in the meantime heaps of info on Google

rgds - arco