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- The Rhodie replied Jan 10, 2014
Good long term thinking, but what tells you that it will go that high so soon? If you hold on to a $100 SL, then maybe, but then the question begs an answer: If you are to hold on for months waiting for that possibility to bear fruit, are you not ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 10, 2014
Many people are looking to trade NFP moves, but that is really dangerous. It goes with the trend which is almost never in a straight line.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 10, 2014
image The current move is an extension of a larger move that has continued from 6th Jan which was an inside move from 31 Dec 2013. I does not look like that gold has topped out yet and could easily go longer from 1244. That being the case, ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 9, 2014
About 1:7000 against.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 9, 2014
That's an interesting thought that they are in range. Good to see you never stated that they were rangebound, which means trouble. Many years ago there was an acceptable price range for gold to trade in and that was from$100 to $480. Now we have a ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 9, 2014
In your case I would put my SL up to 1223 on the longs so that you don't make a loss at all and remove the TP from the longs so you manually control when the profit is cleared. That way you are protected from flash crashes and still safe to make ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 9, 2014
I have had a number of people ask what I "see". The key thing is that I wait for specific set ups in the market. Unfortunately I cannot describe them all here as they occur, so I shall be setting up a twitter feed soon. If the market is going short ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 9, 2014
I expect gold to go short today.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 6, 2014
Here is an update from the bubble trends. What can you see from the current view? It looks like everything is as should bee for a bull run, but has gold bottomed? Not likely, but there is no bottom to be seeking, just a level of support that becomes ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 6, 2014
Dammit! I thought that I had it! ARRRRRRRRGGGGGGGGGGHHHHHHHHHHHHH..... Back to the drawing board. *sulks*
EURUSD
- The Rhodie commented Jan 6, 2014
Geometry is "oh, so important" and if a programmer cannot code that, then his code is irrelevant until it accounts for geometric anomolus symmetry. the 80/20 regulation is almost a given with cyclic fibonacci recurrence built in.
"Picture-Perfect" Trades the Computers May Miss
- The Rhodie replied Jan 6, 2014
No? Gold will not hit $0.00. That is the bottom. What you will see is support for greater prices and wider price ranges. What you will not see is a sub $100 price in your lifetime. Those days are gone from this generation. What you will see is a ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 6, 2014
My opinion on gold for today: Sideways movement with a positive trend. There is a speech timed to occur later in the trading day that would affect as few traders as possible. This indicates to me that they don't want a reation occurring in the ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 6, 2014
...and who would have thougt that someone would be so desperate to spend a penny... or throw one away as loose change in the street?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 6, 2014
Yeah, you could be right. Fox everyone, it would.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 6, 2014
Nice image, but that's not quite a true AB=CD pattern. There is an extension of it and this leg is a correction, so maybe we can expect a 3rd wave pattern expansion or even a new direction since it actually failed exactly without a 0.618 expansion. ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 2, 2014
Now looks like a time to go short. I would feel more comfortable going short than long because that is the greater potential now.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 2, 2014
With a little more patience we may just see gold top out soon in the next few hours and then sell off for days or it may spike up a load higher than expected... what do you think?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 2, 2014
Has QE been done correctly? Maybe they should have just given the money to every person in the country to spend. That would have benefitted the whole country, both rich and poor, and created new enterprises... now there's a thought. Every person in ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 2, 2014
So now we see how true that really may turn out to be. I have no idea what will happen.
XAU/USD & XAG/USD - Gold & Silver Traders Thread