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- 323 Results (309 Replies, 14 Comments)
- EricB replied May 24, 2013
Volume = The number of shares or contracts traded in a security or an entire market during a given period of time.
- EricB replied May 24, 2013
Its tempting - but that H&S has been messing us around for quite sometime.
- EricB replied May 24, 2013
Thanks fontu
- EricB replied May 24, 2013
Well done! I am still holding on for a break above 1400. Seems like there is someone with deep pockets who is selling everytime the price advances.
- EricB replied May 24, 2013
116000 contracts exchanging in a minute and no movement. There is someone with big pockets keeping the price in check.
- EricB replied May 23, 2013
I have never seen PA on Gold like this - its almost as if its artificially being kept in one place. Exactly the same number of sellers appear as buyers when any movement appears.
- EricB replied May 23, 2013
I have a little time on my hands so I thought I will give you guys an idea on inflation and the impact of Federal Reserves Balance Sheet on it. The Fed in the current market is the largest purchaser of Mortgage Backed Securities or MBS currently ...
- EricB replied May 23, 2013
If its a clear break I would go for a Sl of 1405 and TP of 1440 initially to see if the resistance at 1430 breaks.
- EricB replied May 23, 2013
No - you asked about options trading which have contracts expiring on specific dates. A put or put option is a contract between two parties to exchange gold, at a specified strike price, by a predetermined date (the expiry or maturity). One party, ...
- EricB replied May 23, 2013
From what I know if the price approaches 1430 before next week you will see a marked movement higher as the most profitable put option would target a price between 1280-1390 - with $35 premium. Anything above will make the trade unprofitable and ...
- EricB replied May 23, 2013
No up trend isn't confirmed but downtrend is broken. Uptrend is confirmed only on consecutive breaks of 1430, 1465, 1490 and finally 1523.
- EricB replied May 23, 2013
If we don't get 1410 in the next 2-3 hours H&S still intact and potential downside targets in sight.
- EricB replied May 23, 2013
Watch the next 4 hours - if we break 1410 we have broken the down trend.
- EricB replied May 23, 2013
H&S on H4 is broken.
- EricB replied May 23, 2013
H&S Pattern in process of getting broken. If it holds in the next hour we will see 1265ish. Otherwise we are up. For a break of range we have to break 1410.
- EricB replied May 23, 2013
Even if you think its going to drop - I do not think you will see 1277 this week. There is H&S patter on H4 that may get broken for movement up otherwise we could test 1360.
- EricB commented May 23, 2013
If they let yen slide any further there will be a complete market collapse in JGB's leading to a massive correction in Nikkei, pulling the entire World down. If it continues along the path of Abenomics, Japan will show us what is happening to the US ...
- EricB replied May 23, 2013
I guess one of my scenarios described in Cibi's response is kicking in. Sooner than I thought!
- EricB replied May 23, 2013
Nikkei just crashed 7.3% - it could be just the beginning.
- EricB replied May 22, 2013
Thanks bugs. Let us know how it works out. You can a price over lay and back test it first.