chartwatchers

chartwatchers

It seems Bullard has pulled the trigger for the USD collapse and gold finally ready to run. Divergencies on the hourly chart at every indicators....

chartwatchers

I'm not short in this one - still holding LABU- just happy because we will get a fantastic buying opportunity next week. I can hear the bears again calling the end of the world. But it's nothing just a good drop. I'M not waiting for more than 2 days of drop. So most probably it will be end on Tuesday or Wednesday the latest. It seems the unlimited buyer is fed...

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The ECB press conference starting in 15 minutes. I'm still convinced Draghi will try to weaken the Euro. SO at his speech I will try to add to my gold positions , DXY shorts and EurUsd longs. It could be a good possibility for those who left at the station to buysome gold or Euro during the volatile session of Draghi's speech.

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It is very similar to oil. We are in a new daily cycle. Couldn't break the previous daily cycle 's high. That 3$ top looks like Mount Everest. We tried to break 3 times but failed. I'M a bit cautious here. Oil is in a new intermediate cycle. Natgas getting late in its intermediate cycle. If it's a left translated daily cycle without new high we will roll over and...

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We have still 2-3 more weeks in this daily cycle (maybe 4-5 as this half cycle low was quite deep). I was watching XLE and ERX today. Both of them closed on daily maximum with high volume. ERX is just 1$ from the new highs. Smartmoney is buying ERX and XLE. They are positioning for the breakout from the consolidation. Oil is still suffering at the trendline. Does...

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I've made 11 long calls in gold in the last month. I got a lot messages from the contrarians : why I'm long, gold is going down to 1250 and 1200 etc. I should get my followers out of the wrong direction. Now 10 calls are in profit (minimum 15$) and one in a few dollars loss (will be in profit tomorrow) Guys I wanted to save you from a short position in a day like...

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The dollar has a serious problem now. It couldn't break above the 200 SMA. The ECB was late with the intervention last week so they lost every chance to weaken the EURO. Thursday is ECB rate decision. We mustn't underestimate Draghi. You never know what does he have in his bag for the market. QE3? Whatever he has he will try to weaken the Euro on Thursday. So we...

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First of all : oil's daily cycle are lasting for 40-60 days. Today is day 23. Again : There is no way to top after an intermediate decline on day 13. It was a tough and scary decline but that was only a half cycle low : it bottomed on day 21.Now we have the pivot which we can watch at the daily cycle decline 1.5 months later. Powers forced a shakeout on all...

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First of all : good cop bad cop story worked very well in my last not banned post () At Jackson Hole Yellen and Fischer exactly knew that the NFP data will be weak. They just played their roles. Good cop Yellen : “In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase...

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This is the 2016.09.02. post. I repost it here as it's very important as well. ( I erased the last 2 daily candles) "We took out the last DCL on 31st Aug, and that was a significant breakdown. Price closed below the 21st July low. The gold chart didn't look good on the last day of August. But on 1st Sept we've almost printed a key reversal and broke back...

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We are in the middle of the currency wars. Each participant is trying to weaken its own currency... But some of the players are cheating. I will show you today who was the liar on Friday. At Jackson Hole Yellen and Fischer exactly knew that the NFP data will be weak. They just played their roles. “In light of the continued solid performance of the labor market...

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2016.09.01. Private idea post. I repost it again as it's very important. Back to the range picture. On the 24th of July we printed a false breakdown from the range. On the 3rd of May we also broke out. If we break out again this breakout will be an ultimate one when everyone realizes that the FED is not able to hike this year. The first stop of this decline to...

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Nomen est Omen. FED's Fischer is building a fish pot for the fishing bears in the gold's bull market. Actually he doesn't know he's building that : the whole story is about the dollar and FED's credibility. Let's see Friday's happenings. “In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I...

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Nothing has changed here. We broke out of the flag and was holding the breakout. We could have closed with a green candle , but Fischer's speak and the strengthening dollar pushed price back to the 10 EMA and the flag. Oil shares are holding nicely. Nothing to worry about : we are in the good direction. I think it was another buying opportunity on Friday again.

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It seems never ending. The bad news for the bears - and the good news for the bulls - that we are still in the triangle. The good news: it seems to me that miners bottomed yesterday. And gold might printed the DCL yesterday also. As I'm writing this we are very close - less than 1$- from the daily swing. Yellen speech today will be important for gold's...

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ERX (Direxion Daily Energy Bull 3x Shares) and XLE (Energy Select Sector SPDR ETF) ERX: The Fund seeks daily investment results of 300% of the performance of the Energy Select Sector Index. ELX :The Fund seeks to provide investors with a low-cost "passive" approach for investing in a portfolio of equity securities of firms as represented by the Energy Select...

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I think we are done here with the pullback. Today morning I was hoping that we drop down to the 50 EMA. Didn't happen though. It wants to turn from the 10 EMA. Today we also tagged and breaking through the upper trendline of the flag. Indicators SlowStoch is crossing over again and heading upper. It's already overbought but in the 1st daily cycle it can be...

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Today we have the significant breakout above the blue trendline. This is the confirmation that NatGas bottomed. The DCL occured on the 12.08. We are on day 9. We have 2 comfortable weeks to run from now. (Maybe 3) And by now you know Natty likes the green candles. In the next 2 weeks we should take out 3$ and run to new highs. Indicators RSI is just entering to...