chartwatchers
Long

GOLD - MAKE ACCOUNT GREAT AGAIN

FX:XAUUSD   Gold/U.S. Dollar
11718 252 74
a month ago
I told you a week ago there is a big chance this is going to be a second Brexit event...
I got a lot of attack again but at the end of the day it was a nice long trade , and it is still a nice long trade.
I'm hunting for big gains. I'm not interested in the short term 5-10$ gains in gold             . This vehicle is so volatile that more often than not you lose if you try to catch the small movements. All those who started to short gold             yesterday or the day before yesterday were in a 20-25$ profit before the US election. If they went to bed without closing it they will have to face with a monster rally and a reseted account....

1. My COT analysis worked well. The COT was bullish not bearish as a few beginner trader thought.
2.The blue descending triangle's target price at 1241 was completed, so all the traders who went short at 1305$ was just lucky because trading the back test of the breakdown level after price had completed the target price counted from the pattern not working in most of the cases.
3. We tested back and broke marginally below the 200 SMA again.
4. We broke above the bear market trendline from all time tops.
When gold             is changing the direction after a DCL or a HCL             the direction change is very fast and the bounce is huge.

This is the problem with the shorts at the beginning of a new intermediate cycle.
If you go short at the new IC             you set your brain to the short trade and simply cannot adapt when the short trade is not working and you should switch to long . Unfortunately the human brain is working like that . A few traders were just stopping out and not watching this vehicle for a while. The other type of traders are forcing the short or worse jumping into revenge short and reseting the account. This is not going to fall for a while and the sub 1240$ prices are off of the table.

The long traders have now the chance to ride this bull till the end of this rally. This rally has at least 100 and maybe 200$ from here. Many are asking the TP. I cant tell you. It can be 1450, 1500 or 1550. We will see how price is moving now you don't need to set any take profit.

I would like to say that the hardest part is behind us, but unfortunately that's no true. The hardest part is coming now in our life: we have to ride the bull and watch how our account is growing and growing and we must not slaughter the gains till the end of the cycle.

As of today we broke above the blue triangle's upper trendline I can guarantee that a higher high (above 1375$) is coming soon.

a month ago
Comment: We just left behind someone at the 1280Station...
Had to go back with the goldtrain.
Banks will never lose?! Someone always saving them...
23 days ago
Comment: As we took out the lows at 1240 - which supposed to be an ICL - I've started to hedge my gold position at 1237-1240$. We entered into the panic selling.
The 1240 was only a DCL with all signs of an ICL. We are going to have the final ICL in the following 2 weeks.
23 days ago
Comment: Just a few thoughts.
I started to long gold in the triangle when it broke down during a few thousand contract dump in a night (Oct.04.). (1.)
We broke down and I was long from the exact bottom in 7 ideas. (2.) I also opened long positions there. When we broke the resistance at 1275$ I posted 2 follow through ideas for the rally of the breakout. (3.) So from the 1245 level we rallied 90 $ to 1337 on the election night. ( It was not posted on the next day as the pictures shows below...)I posted one more follow through idea on the election night at 1316$. All the circumstances looked like the Brexit event.
But this idea was not a new long idea. It was a follow through for the previous longs, what I started to hedge in real time at 1237-38$ which I also posted. It was the mental stop.
Actually we rallied 90$ with not realizing the profits.
Somehow I need to update these posts as we have so much comments that it's really hard to go through these. So based on a long/short idea later I post new long/short ideas which is not a new long entry it's just an update with a new picture.
23 days ago
Comment:
snapshot
23 days ago
Comment: As I can set only a long/short/neutral idea, in the future at the bottom of the post I always set the idea as:
NEW LONG/SHORT ENTRY ( this is the point where I enter or add to the position)
SHORT/LONG UPDATE (this is just an update on a previous idea but I dont suggest to enter or add to the position)
16 days ago
Comment: I've started to close slowly my hedges (25-30%) today at 1206-1208$.
I think we are getting close to the bottom.
I don't rule out a breakdown below 1200$ early next week but we are very close to the end of the decline.
snapshot
Nightstar
a month ago
Drain the Political swamp :)
+3 Reply
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GlennWeinstein134 UttamKumarSarkar
a month ago
@UttamKumarSarkar, I only just started and so far wow - $1,760 profit in the day!....
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mirjadulmirja UttamKumarSarkar
a month ago
so I am in week 2 and i've suprisingly made like £5,400. can't believe it....this is the best software i've ever tried
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nadtrading mirjadulmirja
24 days ago
@mirjadulmirja, what software is it? any suggestion or where One can buy/see it?
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Nightstar UttamKumarSarkar
a month ago
@UttamKumarSarkar I'll bet you a bottle of Tequila (the expensive kind) that my system is 10 times better than yours haha :)
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lowstrife MOD Nightstar
a month ago
@Nightstar, @mirjadulmirja, @GlennWeinstein134, I can guarantee you my system is better than this spammers system, and all of yours :)

Trust me. I have no reason to lie. Together, we make great success.

Hehe.
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marketplaceguy
a month ago
gr8 stuff im holding positions with you man!!!
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I stayed in My long position! Keep up the good work!
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Cheetsbaby84
a month ago
amazing!
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derict
a month ago
great vision .. what would be the current SL to set ?? TP open, SL also OPEN?
+2 Reply
nikkki
a month ago
Thanks Arpi:)))
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toothless
a month ago
Mahalos chartwatchers! Stayed patient, trusted the analyses and technicals, and now making huge gains.
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jolu
a month ago
Arpi you are the greatest !!
should we buy JNUG on the opening ?
and what about UGAZ is it the moment?
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jolu jolu
a month ago
Should I enter now and buy GC now or it is dangerous ..
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nexuz jolu
a month ago
i guess that jnug will gap up - so i dont think its time to add.
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jolu nexuz
a month ago
@nexuz, if you think that we are at the begining of huge rally what is the problem to buy JNUG now? unless you think we will have a correction in the next few days and then it would be more appropriate to buy ..
we can see Gold is back under 1300 maybe a little correction.. need the view of Arpi! please
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nexuz jolu
a month ago
@jolu, imho if you can buy it NOW for example at tradegate i guess its ok. tradegate is at 10,26Eur (about 11,30USD). i wouldnt buy it at NYC open cause it could gap up and try to close the gap right away. its just my point of view im long in jnug for a couple of weeks now. still waiting for a rally :)
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jolu nexuz
a month ago
@nexuz, thanks for your reply! tradegate is a name of a stock?
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nexuz jolu
a month ago
@jolu, nope tradegate is a stockexchange located in berlin. my broker offers me the possibility to buy on different stockexchanges to pickup the best price and so on.
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jolu nexuz
a month ago
@nexuz, so it is JNUG traded in Berlin too , right? I dont think i can buy it there..
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jolu jolu
a month ago
@jolu,we can see Gold is correcting a little bit as stock market didnt react so agressively ..
waiting for arpi for JNUG and UGAZ..
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jolu jolu
a month ago
@jolu, +15% on opening for JNUG..
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nexuz BjornPfaff
a month ago
Bjorn i rly dont know why you need to mock so much :)

he said that we wont see 1250 again - did we see it?
he said 1241 will be the bottom - is it the bottom?

it was a high volatile move so if traders with small stops (5-10bucks) are stopped out thats just normal. Just wait for London open its quite possible that we are going lower before we mark a new high.
sometimes i think you just want to start flamewars and sometimes i think you know what you are doing. quite confusing person imho ;) would be nice if you share your knowledge without that arrogance between the lines.

cheers mate

+1 Reply
RAZRus BjornPfaff
a month ago
From 1269?
Unbelievable!
We thought so
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GoGreen RAZRus
23 days ago
@RAZRus, I don't understand how come Arpi can hold such a position. I bought at 1315 and sold at 1285. I can't hold my position like him. I short few lots at 1244 and bought at 1229. For time being I am not following this trade at all.
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shinsky BjornPfaff
a month ago
Don't listen to this Bjorn idiot. He's the one that shorted and is waiting for 1250 lol.

I'm sure your trolling will continue but we all know how much you suck.
+2 Reply
ja.piotr.bor shinsky
24 days ago
@shinsky, unpredictable, but today we have 1252-57. Banks this time was better prepared and f**** us. This time i wasnt onboard. This is luck - one time luck lol
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MartinX BjornPfaff
a month ago
@BjornPfaff, haha, it is just clear you envy him !!! :-)
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NihalCassim BjornPfaff
a month ago
@BjornPfaff, and you exited at the top?
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vinbin76 BjornPfaff
a month ago
@BjornPfaff, B jorn... again u act as only static in this channel. you are like the game of BOWLING. You build yourself up by knocking everything down LOL, So True, dont deny because words tell the story!
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MrRick
a month ago
Good call April and good night.
+1 Reply
Nightstar MrRick
a month ago
@MrRick, April or.. Arpi :)
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Ronnee
a month ago
Hi APRi, I'm still long from 49,61, an 79 , small 10 lots..should I continue hold all?, add more? I thought it was gunna fly higher today ,Is this just a retrace or ? I've read your script but it's sunk under 1300 and outside your triangle...doesn't trump worry you or the suppose rate decision soon? Sorry so many query's Ron
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gotthejazz
a month ago
great stuff. how do you think Silver will do?
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chartwatchers TOP gotthejazz
a month ago
when gold makes higher high silver will skyrocket also. Dont forget its making the big run in a few days
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gotthejazz chartwatchers
a month ago
thanks pal
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webmiztriz PRO chartwatchers
a month ago
@chartwatchers, excellent job Robin Hood :)
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Superkloton chartwatchers
a month ago
Or not ;) I really didn’t like your "BOOM" statements - as if you knew Trump was gonna win, because you didn’t. And then Gold came down again anyway.
I appreciate your market insight and it is good to be convinced in one’s trading strategies but please don’t let Björn get under you skin and let him entice you into writing silly statements.

Please don't publish your ideas as if they were facts, this might be misleading for some people. Just publish them as ideas. Again, I don’t wanna hate or discredit you, I really appreciate what you’re doing here, I’m very grateful. Thank you, Arpi!
+3 Reply
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Superkloton BjornPfaff
a month ago
@BjornPfaff I don’t agree with you here, that’s too extreme. His ideas are often very helpful, he just gets too excited sometimes and then jumps the gun. If you use your own analysis and trading experience, you can very much profit from his ideas, just don’t get too exited and hyped when he predicts too big moves - play it safe and take profit at resistances and don’t expect Gold to be at 1370 in two days. That can happen, but it is too risky to trade. Rather take some profit than none when it goes down again.
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GoGreen
a month ago
I bought at 1315 after election results and waiting for new high although my account is under pressure :)
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val_trader GoGreen
a month ago
@GoGreen, we are back to 1300, Trump-effect already finished ?
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GoGreen val_trader
a month ago
@val_trader, I am with Arpi and I am not sure either must I continue with this situation or wait for American session to open.
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GoGreen GoGreen
a month ago
I lost handsome amount because I reached my SL in my long trade in this bullish trend :)
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bduncan57 val_trader
a month ago
@val_trader,
No, imvho the Trump effect is far from over. You cannot elect a man with no political or diplomatic experience to the most powerful office in the World and expect everything to be hunky dory. Albeit a normal response, this is denial. The brown smelly stuff is going to hit the proverbial.
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BjornPfaff GoGreen
a month ago
@GoGreen, following Arpi ? hope you are hedging my friend , who said you to go long anyway ?
+1 Reply
FFMEO BjornPfaff
a month ago
@BjornPfaff, I heard your voice somewhere... Tabaqui shouted: "Akela has missed, Akela has missed".

Akela (Apri), we're the same blood with you. Don't listen Tabaqui. Let's remedy our wound and go forward to fight against red dogs.

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FFMEO FFMEO
a month ago
@FFMEO

Apri, sorry for incorrect name "Apri" (autoreplacement is evil).
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GoGreen BjornPfaff
23 days ago
@BjornPfaff, I think you are not reading all Arpi posts :) but anyway I am in recovery phase after heavy loses
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haha nice chart title!
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s.mahdi
a month ago
well done Apri Cong.
and OK it looks technically that we r in a bullish trend

but under what condition should you consider the bearish scenario???
if for example the today's candle closes below 1297-1307 zone ?meaning that we r in a weakness phase??
or if there is a retest for the demand area at 1280-1284 ???


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Nightstar
a month ago
Folks, you can't 'chart' Market volatility.. You gotta let the dust settle first and then pick a side. Patience over the next few days is warranted.
+2 Reply
bertcoin PRO Nightstar
a month ago
@Nightstar, Amen brother. Today is a day for living on the edge, not for those still asking "should I?"
+1 Reply
MARGEO bertcoin
a month ago
At the moment a head and shoulders and a triangle have broken downwards. I agree with bertcoin.
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looks we are going back to 1268.... lets see!
+1 Reply
VirtualFax
a month ago
Do you think this morning's action indicates the banks pushing the price down to get out of their 'betting on the Clins win' shorts to avoid being caught up in red like it happened after Brexit?
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ChokoloskeeChicken VirtualFax
a month ago
@VirtualFax, Good point. When is China's next holiday?
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excellent slogan btw robin hood.......... thanks for your steadfast conviction and unwavering analysis :o) much appreciate your thoughts & insight ...
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Nightstar webmiztriz
a month ago
@webmiztriz Awww! Group hug, Ass grab :')
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webmiztriz PRO Nightstar
a month ago
@Nightstar, lol... u jusssst couldnt keep it clean Nightstar.. lol ... as it is everytime i see ur name i think of ur #girlfriendspanties post... ;o)
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Nightstar webmiztriz
a month ago
@webmiztriz That was 1 time! Lol
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faronf
a month ago
Damn 1280 station, it's hot and muggy there and smells of sweaty pits and dirty feet...do we have to go back? Why can't we just leave it behind for good and head to the newly built a/c train terminal at 1375?
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kizly
a month ago
I just don't like it USD up, stocks up, oil up, gold down... I sold 60% of my position with nice profit and will reload when we see real brake out, not false ones. Gold seems just week. I fully allow the possibility that I will loose some profits but when the gold is not capable to keep this wins after Trump won it is just weak and it seems to me there wiil be better opportunites for reloading

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ja.piotr.bor
a month ago
My account is sad again :/.
What an expected ending. Who says that's always how you expect - always go wrong in the end lol.
And the winner is... Crude oil LOL. +6.5% from 43.10
+2 Reply
NihalCassim
a month ago
We have to give it up for those who bravely called for shorting at the highs. Also for those who booked their profits. It's just one of those days... Some more pain for the longs but hang in there... It's not over, it will rally again after some consolidation.
+4 Reply
USSRandolph
a month ago
Easy come, easy go. What now?
+2 Reply
Dorraa
a month ago
Where's the best level to long from?
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vikingaskepp
a month ago
Thank you for updating! I really appreciate your sharing your knowledge and reasoning. Every now and again something sticks:-)
Been sitting on my hands today. Here's to the headline. /kh
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watsonzou26
a month ago
Must say: If today's close likes this (1274 currently, a huge pin bar), we can see clearly how high sold pressure for gold. Super super bearish for gold. Better keep caution for all bullish traders.
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NihalCassim watsonzou26
a month ago
@watsonzou26, agreed, it may be time to hang the hat... Gave back a lot more than I made today... It clear the bulls are dispersing.
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Notyour NihalCassim
a month ago
Same impression. It looks ugly
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RubbaN
a month ago
PAUSE, NOTTTTT
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tuleslaw
a month ago
Someone always saving them...but who save us? A sad sight.
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this is how it looks in long term...
Short Gold

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USSRandolph FXPRO_TREND_TRADER
a month ago
@FXPRO_TREND_TRADER, could this be a head and shoulders forming... Currently working on right shoulder?
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FXPRO_TREND_TRADER USSRandolph
a month ago
@USSRandolph, no, its not head and shoulder
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USSRandolph FXPRO_TREND_TRADER
a month ago
@FXPRO_TREND_TRADER, do you mind explaining?
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