The movement in gold is insane tonight! I've been trading
it off and on and it's wild action, NOT for the faint of heart,
using our special renko charts. However it's also quite dangerous
because it's moving so fast that you can get caught, right now it's
moving too fast for me to even try to trade it until it slows down
a bit.
anyway gold was down -$70 at one point, it has bounced off the
lows for now forming a potential hammer on the 60, however the
charts are moving so fast it will
look differently shortly after I post it. If you
have a futures account you should turn off the TV and watch this,
kind of fun
payday - I take it that you are watching gold using the 4 tick
renko charts? yeah it's nuts, too fast to trade here using
that, price just jumps all around,
Wow, never seen anything like that. Marc Faber was
interviewed on Friday afternoon saying that Friday was a "great
buying opportunity", and that the next $20-$40 move is up.
Looks like another guru on tv was wrong.... how could it
be?
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The movement in Gold is Insane tonight!
Posted by matt on 14th of Apr 2013 at 10:19 pm
The movement in gold is insane tonight! I've been trading it off and on and it's wild action, NOT for the faint of heart, using our special renko charts. However it's also quite dangerous because it's moving so fast that you can get caught, right now it's moving too fast for me to even try to trade it until it slows down a bit.
anyway gold was down -$70 at one point, it has bounced off the lows for now forming a potential hammer on the 60, however the charts are moving so fast it will look differently shortly after I post it. If you have a futures account you should turn off the TV and watch this, kind of fun
if the 1425 holds on gold
Posted by zach06 on 14th of Apr 2013 at 11:44 pm
GLD 1440 weekly puts will lose value rather quickly on a rebound.
Silver getting pounded too. WHOA
Also noteworthy, crude futures down
Posted by oops1e on 14th of Apr 2013 at 10:46 pm
Also noteworthy, crude futures down and suggest the triangle will be broken to the downside.
here's a 233 Tick chart
Posted by matt on 14th of Apr 2013 at 10:43 pm
here's a 233 Tick chart non renko of gold futures, bull flag or inverse H&S perhaps??
however for that it has to decisively break the trendline
I'm watching the 4 tick
Posted by payday on 14th of Apr 2013 at 10:36 pm
I'm watching the 4 tick charts and it is going insane - printing so many bars in the space of a few seconds. Crazy
you can put in a
Posted by darnelds on 14th of Apr 2013 at 10:53 pm
you can put in a shit bid way below the market. maybe you'll get filled.
payday - I take it
Posted by matt on 14th of Apr 2013 at 10:37 pm
payday - I take it that you are watching gold using the 4 tick renko charts? yeah it's nuts, too fast to trade here using that, price just jumps all around,
Wow, never seen anything like
Posted by kalinm on 14th of Apr 2013 at 10:27 pm
Wow, never seen anything like that. Marc Faber was interviewed on Friday afternoon saying that Friday was a "great buying opportunity", and that the next $20-$40 move is up. Looks like another guru on tv was wrong.... how could it be?