I am in process of writing a detailed time and price analysis of Gold Commodity Market. However, meanwhile, I believe GLD and gold are going to make higher high today than yesterday, i.e., $108.98, and or $109.33.
Friday, February 26, 2010
GOLD Market UPDATE 02-26
Commence with Gratitude to The Ultimate Knower for His Blessings, and ability to share.
I am in process of writing a detailed time and price analysis of Gold Commodity Market. However, meanwhile, I believe GLD and gold are going to make higher high today than yesterday, i.e., $108.98, and or $109.33.
I am in process of writing a detailed time and price analysis of Gold Commodity Market. However, meanwhile, I believe GLD and gold are going to make higher high today than yesterday, i.e., $108.98, and or $109.33.
Thursday, February 25, 2010
GOLD Market Forecast Follow Up
Commence with Gratitude to The Ultimate Knower of All for His Blessing, and ability to spread
Gold is continuing its journey at the roads along with the bears. It has approached upper band of my previously predicted level of support. GLD low of the day, thus far $106.60 and then rallied up since gap open. GLD is at very critical level. I shall posting an analysis of the Gold Markets today, which shall outline the potential future moves.
Gold is continuing its journey at the roads along with the bears. It has approached upper band of my previously predicted level of support. GLD low of the day, thus far $106.60 and then rallied up since gap open. GLD is at very critical level. I shall posting an analysis of the Gold Markets today, which shall outline the potential future moves.
Financial Market Forecast Update 02-25-10
Commence with Gratitude to The Most Benevolent, The Ultimate Knower, for Blessings and ability to share
Yesterday, some people were concerned, if my forecast was correct, had I made mis-calculation. GLD did drop yesterday, however, financial markets did not. Gold market has been leader of decline. Yesterday's decline in value of GLD foretold me that financial markets shall follow the pursuit. As I said in one of my posts, that more delays occurs in the following the time cycle, stronger and harder decline shall follow. It is the law of nature.
Markets are down hard today, and gapped 1%+ down at the open.
Yesterday, some people were concerned, if my forecast was correct, had I made mis-calculation. GLD did drop yesterday, however, financial markets did not. Gold market has been leader of decline. Yesterday's decline in value of GLD foretold me that financial markets shall follow the pursuit. As I said in one of my posts, that more delays occurs in the following the time cycle, stronger and harder decline shall follow. It is the law of nature.
Markets are down hard today, and gapped 1%+ down at the open.
Wednesday, February 24, 2010
You Want to Become a Successful Trader - Trade In Harmony Mentorship Lessons - UPDATE
Commence with gratitude to The Most Almighty, The Most Benevolent, Ultimate Knower
“Invest In Harmony” Class shall be starting after the full moon. If you have not registered for it, you can do, while there are still some seats open.
I WILL NOT be charging any fees or tuitions. Therefore, it shall be FREE of Charge.
However, you must pay in full dividends, by following the guidelines and lessons’ requirements completely.
However, you must pay in full dividends, by following the guidelines and lessons’ requirements completely.
You probably have spent (and I myself have several thousands dollars and several times over) to attend some (2 or 3 days) seminars. But nothing helps in becoming a successful, unless you are ready to help yourself first!!
One thing, I am certain about that once you graduate from this learning experience, (and Big IF you graduate), you shall find yourself to be very different and better trader (and person).
One thing, I am certain about that once you graduate from this learning experience, (and Big IF you graduate), you shall find yourself to be very different and better trader (and person).
You shall be required to follow a strict discipline. You shall not use any alias names. I want you come in to the Class with your personal energy, and your name. Please create a new email address just for this Class only. Register first here in the comment section below this message and then go to this link to sign up for the Class.
Registration shall end at ONE MINUTE before full moon. full moon shall be Feb 28, 10.35 am Chicago standard time!
GOLD + Financial Markets Forecast Follow Up 02-24
Commence with Gratitude to The Most Benevolent, The Ultimate Knower, for blessing me with knowledge and ability to share.
According to my forecast of the time/Price cycles confluence, as shown on charts displayed in the previous post, Gold has moved down. It closed today, exactly within one penny of first Time/Price Squaring line. Isn't it amazing, how these Time/Price Squaring works? Next target zone ($105.49-$106.09), as indicated on the chart, which ought to offer very good support.
As I have already stated in my yesterday's post, I expect the Financial Markets to decline in tandem with Gold Commodity Market.
Tuesday, February 23, 2010
GOLD Market Forecast Follow Up
With Gratitude to The Ultimate Knower,
I had posted this attached chart previously for GLD support zone, It is, therefore stalling in this region. Break below is important and shall be sign for serious decline. (click charts to enlarge)
I had posted this attached chart previously for GLD support zone, It is, therefore stalling in this region. Break below is important and shall be sign for serious decline. (click charts to enlarge)
GOLD + Financial Markets Forecast Follow Up - UPDATE 02-23-10
Commence with Gratitude to The Ultimate Knower, for Knowledge and ability to share it with others.
As forecasted, Gold Broadening Pattern has resulted into the downside. It is taking the Financial Markets with it, as well, exactly as stated in my earlier post.
As forecasted, Gold Broadening Pattern has resulted into the downside. It is taking the Financial Markets with it, as well, exactly as stated in my earlier post.
GOLD + Financial Markets Forecast Follow Up
Gratitude to The Ultimate Knower, for blessing with Knowledge and ability to share
Yesterday, I pointed out that Gold was trading in pattern, which stipulated that intermediate top in gold has been set up.
Furthermore, as one of my readers of the blog, correctly pointed out that financial markets having been trading in lock-step with the primary direction of gold market trend. That means, Gold is going take down financial markets with it.
If you look at the chart of Dow Jones Industrials, it has been stopped in the resistance zone, exactly, for last 3 days, where I have noted on the charts. These areas offers important resistance of time and price squaring and one of most important Fibonacci retracement of 61.8% of the markets high of Jan 11th, 2010. See the charts attached here and previously posted for the further information about the support zones.
Monday, February 22, 2010
Gold Market ALERT! and Trading Education (A Short Lesson in Trading Patterns)
Commence with gratitude to The Most Benevolent, The Ultimate Knower for His Unusual Kindness and Ultimate Blessings
A Short Lesson in Trading The Patterns.
A Broadening Top is strong chart reversal pattern. It is contained of at least three peaks at consecutively higher levels and, in between them, at least two bottoms with the second bottom lower than the first. Broadening tops take place normally in the later part of over extended bull markets (or rallies). When a broadening top is being formed, there will be irregular trading activity with a number of volume spikes. Trend of volume is an important factor in this pattern, like many others. Downward volume offers the best performance, regardless of the breakout direction.
Each reactive low off the respective high comes with high volume and turnover, thus giving the impression that the uptrend is coming to an end. However, after each sell off, a rally will begin that will carry the prices to higher highs. As a result making it hard to sell the break of new lows, or buy the break to new highs. However, for an experienced eye, it offers great trading opportunities. For an experienced option trader, it is one of the best trading opportunities.(Click on the chart to enlarge)
A Short Lesson in Trading The Patterns.
A Broadening Top is strong chart reversal pattern. It is contained of at least three peaks at consecutively higher levels and, in between them, at least two bottoms with the second bottom lower than the first. Broadening tops take place normally in the later part of over extended bull markets (or rallies). When a broadening top is being formed, there will be irregular trading activity with a number of volume spikes. Trend of volume is an important factor in this pattern, like many others. Downward volume offers the best performance, regardless of the breakout direction.
Each reactive low off the respective high comes with high volume and turnover, thus giving the impression that the uptrend is coming to an end. However, after each sell off, a rally will begin that will carry the prices to higher highs. As a result making it hard to sell the break of new lows, or buy the break to new highs. However, for an experienced eye, it offers great trading opportunities. For an experienced option trader, it is one of the best trading opportunities.(Click on the chart to enlarge)
Current Market Outlook
Gratitude to The Almighty for His Blessings of Knowledge and ability to share.
Markets are at very important time and price juncture, thus vulnerable and ready for change in trend. Although, I am very much inclined to the bearish side, as Financial Markets are weak. However, one ought to be prepared for an unexpected move. Nevertheless, any delay in start of the lower prices, only increases the likelihood of greater volatility and even stronger and faster move down later.
Markets are at very important time and price juncture, thus vulnerable and ready for change in trend. Although, I am very much inclined to the bearish side, as Financial Markets are weak. However, one ought to be prepared for an unexpected move. Nevertheless, any delay in start of the lower prices, only increases the likelihood of greater volatility and even stronger and faster move down later.
Some Stocks to Look at
Commence with gratitude to Creator for His Blessings of Knowledge and ability to share.
I have looked at the couple of stocks, which are very vulnerable for the strong future moves.
- MA, has found a support at the price and time cycles angles lines. It also made a small hammer doji. Monday's hourly chart must be watched to enter long position. Gap down or long bar down, could reverse the position of the trade.
- BIDU, has completed one of two price cycles on Friday. It has another price cycle, which squares out within $2.00 of Friday's close price. Moreover, it has reached the Time & Price Cycles confluence lines, which have been dominant, in the past, as well. Watching hourly chart, I shall be a seller on Monday, 02-22-10.
GOLD Market Forecast Follow Up
Gratitude to The Most Benevolent, The Ultimate Knower for granting the knowledge and ability to share.
GLD is trapped within the Price and Time Cycles zone, as noted on the chart. Price did try to get away from this zone, however, it has not. This creates even stronger future move to come. It is very likely to the downside, as previously stated, in my post.
GLD is trapped within the Price and Time Cycles zone, as noted on the chart. Price did try to get away from this zone, however, it has not. This creates even stronger future move to come. It is very likely to the downside, as previously stated, in my post.Trading Education - A Short Lesson - How to Trade the Gap
Commence with gratitude to the Ultimate Knower, for the Knowledge and ability to share!
1) After the gap, watch for at least first 3 price bars. A shooting star doji, appears, that shows tha price canot go higher.
2) Prices started tumbling down again and reached to fib. level from previous and recent price swing.
3) This Fib. levels is confluent with prior price support. Price had expanded to the 1.382 and 1.272 retracement of the recent price swing.
4) 10:20 AM. Last bar is an exhaustion bar, with higher volume, and forms a doji.
5) 10:25. Next bar is long kicker bullish candlestick.
6) It is 9th bar from the recent swing after gap and 14th bar from high price of yesterday (Fibonacci numbers 8, and 13).
7)This bar appears right in the time zone of reversal, which is 60 minutes from the gap open (see the rules above).
8)Volume spikes at the exhaustion bar. Last of the sellers, and buyers come in.
Someone recently, inquired if I could explain briefly, how to trade the gap.
Gaps are one of the best trading opportunities, if done properly can reward the trader handsomely.
Gap are strong energy fields, which get triggered due to a time or price cycle event. There are several rules, which must be adhered to, in order to make the most profit from this trading opportunity+
Rules of Trading the Gap:
- Close your positions, within first 45 to 60 minutes of the gap opening.
- Rule to Close the Position: The moment, two or more bars appear in the opposite direction of your trade. Trade must be closed instantly. What bars should you be monitoring? 4 minutes bars or candlestick (if that option is not available, then 5 minutes candlesticks)
- For option trades (with gap), best time to close your trades: As soon as possible after the gap. Because the volatility jumps through the roof, and so does the option premium. In fact probably the best price of the day for the option shall be offered during the first few bars of the opening of the gap or refer to the rule no. 2 stated herein above.
1) After the gap, watch for at least first 3 price bars. A shooting star doji, appears, that shows tha price canot go higher.
2) Prices started tumbling down again and reached to fib. level from previous and recent price swing.
3) This Fib. levels is confluent with prior price support. Price had expanded to the 1.382 and 1.272 retracement of the recent price swing.4) 10:20 AM. Last bar is an exhaustion bar, with higher volume, and forms a doji.
5) 10:25. Next bar is long kicker bullish candlestick.
6) It is 9th bar from the recent swing after gap and 14th bar from high price of yesterday (Fibonacci numbers 8, and 13).
7)This bar appears right in the time zone of reversal, which is 60 minutes from the gap open (see the rules above).
8)Volume spikes at the exhaustion bar. Last of the sellers, and buyers come in.
For option trade, if sold at the best time around 10.25-10.30 am, Highest price of the day for option premium after the gap, was $2.16. An exit @ $2.10 would have netted $0.30 on the investment of $1.80 (the yesterday's closing price of the option). i.e. 16.66% in ONE DAY. In another example Highest price of the day for option premium after the gap, was $2.66, but an exit @ $2.60 would have netted $0.30 on the investment of $2.20 (the yesterday's closing price of the option) . i.e. 18.18% in ONE DAY. (click on the charts to enlarge)
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