moorekapital

THE BOUNCING BALL ANALOGY

FX:XAUUSD   Gold / U.S. Dollar
373 16 10
1300 Neighbourhood

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Comment: GOLD --- Heads up!!!!!
Im thinking some short
Comment: But not yet :joy:
Comment: I need momentum for my trades -- I'd rather wait to see 1300 destroyed 1st
Comment: U'll note this.....
(1) Since after BREXIT.... every rally attempt and the bulls neck gets broken
But then
(2) Impulsively, the trend is up
Comment: I dont know which trader is not watching this line
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Comment: Bull's neck broken once more. Never even kissed TL
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Comment: Jan 22, 2015 High = 1307.58
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Comment: TL from late Dec 2015. And Jan 22, 2015 High Support
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Comment: CONCLUSION --- Both bears and bulls have valid argument. A fake BO of this KEY ZONE down could be construed as a big bear trap, and that cud herald a wild advance. Alternatively, A decisive Break of this KEY ZONE would invariably shake off all bulls. TIMING IS KEY!
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Comment: If you can bisect an ant, you can grow $100 to $2000.
I did it in a month, back in 2009.
Comment: As a trader , you must have warning signs to detect when a thesis is no longer valid --- That's why trading with a well crafted TRADING PLAN is a MUST----one that stipulates in details most/all potential possibilities in the future, and has rules to take care of them. Operating on such a document, nothing comes as a surprise to you, unless tis some act of God :pray:
Moore,
So this week Gold will be bouncing off higher (Bullish) after the FOMC meeting result ?
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The probabilities, technically favours the bulls --- Strong buying, followed by a flag , and possibly ending on a key level , $1300/oz ---I think that a bounce is likely, but I would also not rule out the possibility of a false breakdown prior. Thanks for like and comment, Albert. My second son is also called Albert ;)
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albertwt moorekapital
No worries Mr. Moore, I enjoy to follow your chart update on Gold :-)
All the best for the career and investing journey ahead.
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Thanks a lot, Al ;)
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It breached that daily support.
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Yahia.Awes Yahia.Awes
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I am expecting the bullish reaction soon, price has clearly bounced from that trend line.
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moorekapital SilverioSan
Emphasis mine. Lets see what happens hereon. U just don wanna miss this crucial coil unwind ;)
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SilverioSan PRO moorekapital
Today we are sitting again on the trend line .. daily show a doji candle time to go long? if is not much what is your plan?
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moorekapital SilverioSan
Pls, I would update anything I wanna do, any time. If I haven't done so, it means I see nothing yet. I am not in any hurry --- Pls dont trade on my call. U may use my charts to augment ur own ideas, but follow your plan.
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moorekapital moorekapital
CONCLUSION --- Both bears and bulls have valid argument. A fake BO of this KEY ZONE down could be construed as a big bear trap, and that cud herald a wild advance. Alternatively, A decisive Break of this KEY ZONE would invariably shake off all bulls. TIMING IS KEY!
Reply
SilverioSan PRO moorekapital
You don't need to be rude just trying to make a constructive conversation.
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moorekapital SilverioSan
@SilverrioSan, I must say this:

First I read this ur last message here, and I paused to ponder over what I wrote, perhaps I said it badly.

I didnt wanna respond to you, cos I felt I can ignore your comment. Why? Cos I found it quite unnecessary.

But then, I'm respoding bcos, after a deeper reflection, I realised that my words or a word I said might have offended you --- and there was no intention for that, unfortunately.

Hear me, Sir: I AM DEEPLY SORRY. I ddn't mean any offence.

Thanks for understanding me.

Let's give some room for everyone on TV --- we're strangers to each other.


:peace:
+1 Reply
moorekapital SilverioSan
Patience pays ---You see that...??? ;)
+1 Reply
SilverioSan PRO moorekapital
You are right ... thanks ...
+1 Reply
moorekapital SilverioSan
Thanks , SilverrionSan :agree:
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