Recent content by alnthmsn

Texan refineries hit badly by hurricane. Petrol prices already risen today in USA. If oil rises expect gold to follow. Hope everyone has tight stops on any shorts - could see an initial surge at the open.

Ian My experience for what its worth. NEVER rely purely on candles to trade forex esp individual candles.I use them only as an indication of a trend change and only when at least a three candle pattern is showing on a daily chart. Stochs are possible with forex using MT5 charts. With forex I...

Dont read too much into Fridays behaviour. "Normal" volatility following release of NFP data.

Could you repeat the link to the website as I missed earlier post

Most of the prices posted on here are from the spot market and not futures contracts - hence the difference.

Very bearish candle set-up on the weekly. However, currently extremely oversold on weekly CCI and in reversal territory on daily CCI. Would expect upward correction imminent though still bearish longer term. Interesting to see how situation re Russia/Georgia plays out with oil - pipeline...

This week see gold getting close to the 200 EMA at around 875. Could then bounce. If it breaks the line then 800 or below is in sight.

I subscribe to a site COMMITMENT OF TRADERS that compares commercials against spec traders. I work on the view put forward by Peter Bain and others that it is the commercials who are the "big dogs" and where they go with futures contracts spot price inevitably follows. Doesnt always work out but...

I think 880 a definite possibility within the next fortnight. Weekly chart now showing a clear evening star candle pattern - a strong reversal signal and CCI is overbought and turning down. Latest COT report also shows commercial traders ( "Big Dogs") are heavily short. All in all looking for a...

Some great candles on 5 min charts this morning able to trade up and down between 930 and 934. Good range trading opps so far today but aware of potential breakout- can go either way following NY open

Charts seem to indicate dollar and Dow weakness tomorrow. If crude plays ball we could be on course for a good ride up in gold - heres hoping!

Hello all you guys. Thanx for a really informative and active forum! Taken some small positions in gold with a view to switching all trading from forex. Day trade off 5 min and 15 min charts with CCI ; EMAs and candlesticks as indicators. Also monitor daily and weekly charts as well as weekly...

Forgive my ignorance - I am ok with the envelope but what MA are you using?

Is flat cap the same as a saucer top? To me the DOW is forming the latter - highly bearish!!

Further warning - following data expect a lot of whipsawing - stops can be knocked out very easily. Often find direction not really clear until a good 15-20 minutes after the release. Be careful out there !!!