Here's a nice lookin Euro 60 min
chart, perfect inverse H&S pattern with neckline, if the
pattern plays out, then the US Dollar shoud pullback as expected
and gold stocks should catch a bid
Posted by dodgerdog on 15th of Sep 2008 at 12:13 pm
Because they have yet to form bullish patterns - they are bounce
plays off the bottom at this time. Tough to pick bottoms as
many have recently learned in gold.
Matt - How do you feel about FX risk in trying to look at a 6.5
hr chart in a 24 hr [and perhaps sometimes a US biased] trading
market? Have a look at what the EURUSD did in this picture -
as it already reached almost 1.45 this morning. $XUE seems
like trading an ADR - should we be trading a look at the more
global FX itself?
Everyone can have pretty easy access to the FX market today
and can easily trade the currency pair - in small or large amounts.
thanks for your feedback - pki
EURO 60 min chart
Posted by matt on 15th of Sep 2008 at 11:43 am
Here's a nice lookin Euro 60 min chart, perfect inverse H&S pattern with neckline, if the pattern plays out, then the US Dollar shoud pullback as expected and gold stocks should catch a bid
gold/gold stocks
Posted by RM686 on 15th of Sep 2008 at 12:11 pm
how come there are no gold stocks or gold on the watch list even though they were mentioned in the weekend report??
Because they have yet to
Posted by dodgerdog on 15th of Sep 2008 at 12:13 pm
Because they have yet to form bullish patterns - they are bounce plays off the bottom at this time. Tough to pick bottoms as many have recently learned in gold.
first time mid last week
Posted by rafe on 15th of Sep 2008 at 12:27 pm
first time mid last week went for bottom fishing in size-----Can now use a stop to break even!----------like cost on DGP 14.35----RGLD 28.75 etc!
$$EURUSD vs $XUE
Posted by pki on 15th of Sep 2008 at 11:57 am
Matt - How do you feel about FX risk in trying to look at a 6.5 hr chart in a 24 hr [and perhaps sometimes a US biased] trading market? Have a look at what the EURUSD did in this picture - as it already reached almost 1.45 this morning. $XUE seems like trading an ADR - should we be trading a look at the more global FX itself?
Everyone can have pretty easy access to the FX market today and can easily trade the currency pair - in small or large amounts. thanks for your feedback - pki
MACD and stoch. turning though......lets see
Posted by treid4dou on 15th of Sep 2008 at 11:52 am
MACD and stoch. turning though......lets see gold is making HOD.......so.... watching at resistance......
Matt, how's the 15, 30
Posted by trade on 15th of Sep 2008 at 11:45 am
Matt, how's the 15, 30 or 60 minute chart looking on the S&P now that it's heading down again. Down 30 now.