gautamhait
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Posts posted by gautamhait
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On 20/06/2019 at 04:04, Mercury said:
Similar to other USD pairs (and DX) this pair has retraced back to the Daily Channel line to put in a failed retest and drop away. The rebound has been particularly fast on this market though, which could offer a leading indicator for others. A break of the near term support will be compelling.
What's the news of gold sir ????
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2 hours ago, Caseynotes said:
Hi @RezaFHP, sounds like you might be on a 'Limited Risk' account? If so the guaranteed stop is automatic, you may be able to change the account type if you speak to the help desk.
Sir gold guaranteed??
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6 hours ago, Caseynotes said:
Time to start a new thread on Gold now that it's broken free and into fresh space, included is the monthly chart with the major resistance levels ahead though after what looks like being this months large bull candle (so far) will likely see a check of support or a pause initially though. I'll post a link to the previous gold thread for continuity of the charts.
Someone else posted an interesting Gold chart a few days ago, some might know the name Anton Kreil an ex Goldman Sachs desk trader I think, well respected, made millions. He did the video posted on the forum recently where he spends an hour telling you that brokers are bad and that retail traders can't make money then spends the next hour telling that they can, if they sign up to his new, eye wateringly expensive, traders institute. Anyway, he just posted a chart and account info showing a profit of some $700,000 on gold trades over the last month and a half. His trading credentials are not in dispute but the interesting thing is he was using a broker and an MT4 account. He's deleted the dates of the trades for some reason which has raised eyebrows, and of course it's tagged 'this could be you if you join my institute'.
Gold silver trading tips sir ??
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Get a chart of gold sir?
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Get a chart of gold sir thanku
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1 hour ago, Mercury said:
Silver is providing a better set of indicators than Gold for me at present, and is a more lucrative market to trade (more risky too therefore). The precious metals are still conforming to my road map, and all 3 of my scenarios remain in play (2 Bullish, 1 Bearish). For me the Bearish one is not a strong scenario, unless you believe in a continuation of the Bull market in stocks for the next few years, which I do not. With Oil looking Bearish, and stocks too, I think it is only a matter of time before the precious metals Bull triggers big time. Maybe the trigger will be a USD bear move short/medium term? Precious metals do seem to be acting more in concert with currency just now than as a safe haven. I think the latter will be what drives the Bull out of the larger time horizon consolidation but short term it could be USD weakness that kicks things off. That also means I am not yet convinced we have seen stock indices capitulate but if they do then Precious metals should explode up.
Sir gold chart
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I will long term buy gold
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On 17/03/2019 at 20:10, Mercury said:
Gold and Silver are broadly still following my road map. I have added what I believe is a strong channel (both upper and lower lines have a lot of price turn touches). The breakout zone of this channel offers the favourite options for a wave B conclusion (Also Fib 62%), with Fib 76/78% not that much further up this represents a strong resistance zone for me.
Silver and Gold are showing some strong congruence in pattern with similarity of Channel and breakout. Wave A looks to be concluded now it remains to be seen how the potential wave B plays out.
I am not really key to trade this retrace as I am waiting for a long term rally signal to go Long and there are better short term trading opportunities elsewhere in my view. So long as my road map set ups remain intact I am content to track and wait.
What is gold and silver position sir???
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What are the service sir???
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What are services??
What are the services?? -
On Mon Jan 28 2019 at 04:37, Mercury said:
Hmm, it seems like you are asking for a tip @gautamhait, I don't do tips. There are some services around that do this if you are interested but of course they charge for the service.
If you are asking how far I think Gold will go I can say that I think (think being the key word here) that Gold (and precious metals generally) will go into a long term Bull run coincident with a major bear market in stocks. How far, how long? No idea, I let the market decide that and act accordingly using my trading methodology. In the short term I think Gold/Silver will continue to rally, which is something I highlighted as a possible scenario early in this thread. My next targets are 1360 (Gold) and 1750 (Silver), although naturally the markets could fall short of that or push through a bit further. At some point I expect to see reversal indicators that will signal a bearish phase. Depending on the price action that emerges I will look to see whether this is an actual trend reversal or just a retrace of the current Bullish trend. Nothing is certain, the markets will reveal themselves in due course. However, so far Gold/Silver is playing out according to my lead long term scenario, as outlined in this thread, so I would be foolish indeed to start second guessing myself. I am focused on 2 things in precious metals markets:
- Maximising the opportunity my scenario is offering in a risk managed fashion - so far so good
- Watching out for price action that may call my lead scenario into question - nothing so far...
Let me ask you what you think Gautamhait? This is supposed to be a discussion forum after all...
What are services??
What are the services??
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4 minutes ago, gautamhait said:
Buy Gold, Long Term sir ?? How far will it be? Help me sir ??
Thank you sir
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41 minutes ago, Mercury said:
It rather seems that USD price action is driving precious metals at present with USD weakness supporting rallying Gold/Silver. Looking at the technicals on both it is simply an end to my anticipated consolidation part way through the medium term rally, which presents as a Flag or Pennant. In both Gold and Silver we have seen a breakout of this consolidation and in the latter a break through over head resistance. I expect both these markets to continue to rally for a while to complete the medium term wave 1 before a more significant wave 2 bearish retrace that will set up a very long Bullish trend.
My trading strategy is to go Long on the breakouts, mentioned above, watch
out for any short term bearish retraces as an opportunity to buy the dip until I see signals of the wave 1 end and then exit all swing Longs (keeping only those I took at the beginning of the rally as long term trades) and wait for the retrace to compete before entering a long term Long buying campaign.
Buy Gold, Long Term sir ?? How far will it be? Help me sir ??
funds withdrawal issue
in IG Technical Support - Platform and App Help
Posted
I have withdrawal successfully 4 sept but money still not credited to my account.
What to do???