LEONES
Short

Gold bear trend

COMEX:GCJ2015   GOLD FUTURES
215 12 4
Gold             bear trend has resumed in Feb15 and in now well established. Shorting at current market price (1193.0) and targeting 1150.0 (mid march 15)
LEONES PRO
2 years ago
Gold sell order triggered
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look4edge LEONES
2 years ago
agree, got short from 1232, but i wonder how can you see that just in bars :)
GOLD - READY TO BREAK DOWN?
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LEONES PRO look4edge
2 years ago
nice profit then! what do you mean by 'just in bars'?
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look4edge LEONES
2 years ago
well, i see nothing else in your chart (except ema and AP), you must have good eyes then :)
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LEONES PRO look4edge
2 years ago
yes, got used now...I find indicators of little use. why did you enter at 1232?
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look4edge LEONES
2 years ago
sending you pic, sry it is derived from current weekly picture and little messy...
anyway, 1308 was poc of previous downleg, strong supply area at retrace, then reaction to Jan NFP and subsequent break of 200dma and support 1232, entered at retest
now watching ema 13/34 daily cross and lower frame cci patterns
snapshot
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look4edge look4edge
2 years ago
and before that got slv short from 18.15 at dma200, dropped at 16.7
SLV - STOPPED AT RESISTANCE
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LEONES PRO look4edge
2 years ago
interesting method. Do you always use 13/34 ema, 200dma and CCI ? how do you define the target now?
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look4edge LEONES
2 years ago
yes, like cci because it reflects price behaviour, use slow cci for trend occurence, fast for timing, sth. like woodie system, but looking for their levels, patterns and divergencies as well, emas for pullbacks, cross for direction confirmation
now will check/exit support at 1150, longterm chart below, if downtrend can break it (what slow cci strongly suggests) then targets yearly S2 or ew targets at 1-3 ewline
snapshot
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menorad look4edge
2 years ago
He is drawing an "Andrews Pitchfork", look up the term or "median line analysis" (am learning myself)
Leones - correct if I am wrong
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LEONES PRO menorad
2 years ago
yes correct, Andrews Pitchfork - useful tool
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LEONES PRO
2 years ago
short gold hit the target today !
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