Trading journal for gold silver etc.
- Thread starter goyaltraderz
- Start date
- Status
It's good to know that some of u r enjoying hanging with us here. becoz fo some family urgency i am not able to continue here, hopefuly from monday everything will be back to normal,from then i will all day be here.
coz of this i m not able to answere ur question properly but keep them coming hopefuly this saturday night i will post all answere, like the triangle pattern of raval and where u can trade gold in $, and
a bird eye view ---this move should go atleast to the 706, if it breaks then 688 is on stage, if it breach 729 then the theory that i m working right now will be dispelled.
i m not much bearish?? reason price pattern is not right i was expecting, something fishy may reveal some pattern on upcoming crosses move in euro or in usd.
coz of this i m not able to answere ur question properly but keep them coming hopefuly this saturday night i will post all answere, like the triangle pattern of raval and where u can trade gold in $, and
a bird eye view ---this move should go atleast to the 706, if it breaks then 688 is on stage, if it breach 729 then the theory that i m working right now will be dispelled.
i m not much bearish?? reason price pattern is not right i was expecting, something fishy may reveal some pattern on upcoming crosses move in euro or in usd.
This post is just to clear doubt of anyone with regard to data used by me.
First image is taken from comex website. 15 Minute delayed data provided by the comex website. Kindly see the computer clock on the right side bottom of the image and time of posting this message in this forum. So the comex image
Next image is of the chart provided by my software, which is realtime, unlike the delayed data provided by website. See the computer clock in the right side bottom of the image. Also see the time of posting this message in this forum. Here is the image.
Now, manafa, will you please clarify as to how and why you come to the conclusion that the data provided by myself and goyaltraderz are not correct?
First image is taken from comex website. 15 Minute delayed data provided by the comex website. Kindly see the computer clock on the right side bottom of the image and time of posting this message in this forum. So the comex image
Next image is of the chart provided by my software, which is realtime, unlike the delayed data provided by website. See the computer clock in the right side bottom of the image. Also see the time of posting this message in this forum. Here is the image.
Now, manafa, will you please clarify as to how and why you come to the conclusion that the data provided by myself and goyaltraderz are not correct?
You might be wondering as to why I labled that particular candle as break away candle. See the weekly chart and my post about breaking the inside bar pattern posted on monday. That candle broke the last week low of 721 to the downside. In otherwords, the whole scenario which I was visualising and preparing materialised. Read the anticipation part of this trade in my earlier post in this thread. I took the trade on the short side with my risk limited to 732 level. There are no certain trades. You take one with strict stop loss and watch it as it develops.
Now if you look in to the weekly chart, you will notice that volume on this weekly bar (eventhough it is Wednesday today and still two more days left in this week), it is already much higher than last four weeks. You can imagine the volume bar at the end of this week. Plus this week bar has already broken the low of the last week and thus that insidebar pattern. So I took a short trade considering all these aspects. Probabilities of making profit is much higher. In case, I am wrong, stop will protect me. Here is the weekly chart. Last candle in the chart is this week's incomplete candle.
Now if you look in to the weekly chart, you will notice that volume on this weekly bar (eventhough it is Wednesday today and still two more days left in this week), it is already much higher than last four weeks. You can imagine the volume bar at the end of this week. Plus this week bar has already broken the low of the last week and thus that insidebar pattern. So I took a short trade considering all these aspects. Probabilities of making profit is much higher. In case, I am wrong, stop will protect me. Here is the weekly chart. Last candle in the chart is this week's incomplete candle.
but volume is less - Status
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