VRShaiju

VRShaiju

Probably a foolish Idea ever. The current range considering as a breakout setup. Expect unexpected

VRShaiju

Gold has many swing both bearish and bullish. It's difficult to choose which one is the appropriate. My choice is to down side. Reason : Gold not only a safe heaven but also a commodity. It shows all characteristic of a commodity pair. If you are a bear Know your support and resistance well. It spike up during the time of consolidation. Spikes are quick money when...

VRShaiju

It's time to consider adding Silver into your portfolios. Start as small physical investment on it's every step down. We are going to touch the floor one more time. Traders must consider Spooky, Spiky silver which is not good to trade with high leverage. Expecting June 2018 might be a good investment time on Silver. let's wait till June :)

VRShaiju Updated 

This study based on Fib principles of elliotwave. This is not a trade advise but a notification of possible bull move still exists. We are not reached the level of 1285-96 yet. News act like a corrective swing instead of trend reversal.

VRShaiju

This is for those who like to learn elliotwave with classic indicators divergence. I am using MACD and Stochastic indicator with default settings. Another important tool I use Fibo tool. To analyze Price action I use moving average to filter most appropriate wave structure to trade. This is UJ chart with little harmonic flavor in it. Let's see how this is going to...

VRShaiju

No Comment

VRShaiju Updated 

We are approaching FOMC. We know there won't be any rate hike. We are going to enter month of August. Here is my thought. Bears are brutal does not take time to erase your profit. We gonna stuck with 70$ swings for next three months before breakout. We finish this bull move around 1284-96 If we go straight with out correction 1296 is the TP and Wait for...

VRShaiju Updated 

As Expected FOMC help the Price moment. However Keeping 1272 and 1296 in mind I found some different structure development to consider. This expanding diagonal is Bear, No doubt. The rule is we cannot go beyond 1267. If we reject from 1267 where will be our next target. The level I consider is 1228. Still it against the PA so I did move the my ninja trading weapon...

VRShaiju Updated 

We know we had a breakout. When we had a breakout? it's Friday Normally I don't count breakouts on Friday which end up with losses in coming trading days. My preference is to keep away from the market at least for a week for "swing trading". Scalpers have plenty of opportunity. We are not expecting rate hike this month. Since last two weeks the sentiment on gold...

VRShaiju Updated 

I am looking for retrace. But the current structure shows there is none. We bear till FOMC July

VRShaiju

Speeding up the drop.

VRShaiju

Harmonic Bat on Chinese Weekly chart. Before reaching the BAT target there is Gartley in between. So it may not fall as we thought

VRShaiju

Found a solid harmonic pattern on Weekly chart. Since it weekly it takes time for reversal. Let's see how it behave

VRShaiju

Triangles 1. It's too easy to trade Triangle. 2. It's cost time for breakout. 3. It allow you exit your loss trade with minimum. 3. It's corrective structure If you ask me what's your pick for this week. I would say I like to enter Short @ 1272

VRShaiju Updated 

Marking on the chart are my weekly trade plan and trade setup. Enter the trade based on divergence. I feel we are NOT ready for drop in this week.

VRShaiju

Trading is like the story of the famous hollywood movie "life of pi". Crossing the sea on lifeboat with a hungry tiger. It's possible if you have "knowledge and courage". I decided to shrink myself into a small room with opening a personal blog where I wish to meet ONLY Gold Lovers. You can reach to my my web space by typing www.iLoveGold.net Again it's too late...

VRShaiju Updated 

We have completed a bullish swing last week. This week we might experience a change of direction. as usual gold gives both bullish and bearish direction. I prefer a bear position this week with "extra care" We have an initial support at 1229. A break might extended to 1200 or below 1180. There is a clear bearish "Divergence" on daily chart. I would like to present...

VRShaiju Updated 

Hello Everyone, Nice to see you again. Last year we saw a strong fall after US election that eased 70% of the gain in gold and we closed the year around 1150. This means gold averaging the price around 1180 in last three years and this gives a beautiful result showing gold maintaining it's price steadily over years. I took physical gold purchase at 1180 that's...