6Sep15 Tues
Updated
Green channel renewed with midline 1330.
Following previous reading: "below 40, let alone 30, still smells bearish due to successful dragdown of JulyNFP from 1360-1300", could be further neutralised if in 2-3days no daily lows break.
Macd is a lagging, but also leading forward looking, indicator. It tells upward momentum in the making. Might be successful when zeroline is conquered. The question is how strong the attack is and how resilient the defense of supply is.
D+ just woke up but now gone to sleep again. a close above 30 should force its eyes wide open. Let's still bear in mind that D- extreme point was 1309, and D+ extreme point was 1330, with mid-flip 1315-1316.
PSAR is now at 1339.75. If bulls are trying to feed on it, like a tiger crawling closer and closer to its prey, patience is definitely a virtue.
Again ADX is diving deep into sleep without much trouble. Usually, it is resting and recharging its power for some powerful move later on when it's woken up.
By now, bears are probably hiding in the positive-outlook of the charts. like wolves coating itself in soft furs as pretty lambs. Danger is still present, but the longer the wolves wait, the more reluctant the attack. Nevertheless, too long the upmove take to start, wolves could perhaps catch us offguard.
NY-ers are back tonight. Which one will they unleash?
Following previous reading: "below 40, let alone 30, still smells bearish due to successful dragdown of JulyNFP from 1360-1300", could be further neutralised if in 2-3days no daily lows break.
Macd is a lagging, but also leading forward looking, indicator. It tells upward momentum in the making. Might be successful when zeroline is conquered. The question is how strong the attack is and how resilient the defense of supply is.
D+ just woke up but now gone to sleep again. a close above 30 should force its eyes wide open. Let's still bear in mind that D- extreme point was 1309, and D+ extreme point was 1330, with mid-flip 1315-1316.
PSAR is now at 1339.75. If bulls are trying to feed on it, like a tiger crawling closer and closer to its prey, patience is definitely a virtue.
Again ADX is diving deep into sleep without much trouble. Usually, it is resting and recharging its power for some powerful move later on when it's woken up.
By now, bears are probably hiding in the positive-outlook of the charts. like wolves coating itself in soft furs as pretty lambs. Danger is still present, but the longer the wolves wait, the more reluctant the attack. Nevertheless, too long the upmove take to start, wolves could perhaps catch us offguard.
NY-ers are back tonight. Which one will they unleash?
Trade active
10:47amshort 1328 active, with 1322 fence and 1318 long option.
Note
2:46pmMonthly Pivot is acting like a magnet. no decision made.
Note
3:34pmFake resistance line made. now SL being hunted. Add 1 more scalp short at 1328.5
Note
6:58pm1331 SL hit. gold went to 1333. a definite break of 28-30 resistance. 1328, 1322, and 1318 areas are now areas to watch to enter some longs.
Trade closed: stop reached
2 losses: $3 and $2.60
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