Gold - Close to another run

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michaelandrusty

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Post Number: 19
Registered: 12-2004

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Votes: 0


Friday, October 28, 2005 - 07:56 pm:

I currently use the coppock indicator as a method of exiting markets and then stocks.

For example: Kate mentioned she was disappointed about LHG.
If using the coppock indicator on a daily basis and watching the first signs of downturn, you would have seen the Gold as market indicator started to turn down on September 22nd. Usually this will always give you some indication where the market is heading.
LHG started a downturn on September 30.

I do not use the coppock indicator for entries as it is less reliable, but as for exits it is excellent.

Currently as I see it Gold is about to shot up again. However, I believe it maybe still a week ago. Again things can change overnight, so I will keep my eye on Gold from now on.

All the best for trading

Regards

Sarah

hershy

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Post Number: 1221
Registered: 10-2002

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Thursday, February 16, 2006 - 05:56 am:

I don't plot POG on my charts. What does your indicator say about the POG now, M&R ? My chart says down.

The road to success is usually under construction.

http://members.optusnet.com.au/~hershy/

michaelandrusty

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Post Number: 20
Registered: 12-2004

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Thursday, February 16, 2006 - 09:06 am:

Hershy,

February 3 showed that you needed to be cautious with Gold.

Currently, yes Gold is heading downwards. Checking my charts that is what it is saying.

However, I have been working a another system using coppock indicators as both entry and exit points with a 80% success rate.

I cannot use it with XAU or other USA indicators as my other system only allows Aussie stuff only.

Still working on my model and hope to have it complete by June 30 this year. This is something that cannot be backtested, but rather needing you to read the charts and understand what it is telling you.

Regards

Sarah

mum

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Post Number: 49
Registered: 08-2005

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Votes: 0


Wednesday, March 22, 2006 - 06:33 am:

Hi , found this on kitco.If you interested in EW analysis on gold chart http://www.kitco.com/ind/Field/feb202006.html regards B and another site http://www.gold-eagle.com/editorials_05/gerbino031706.html

(Message edited by mum on March 22, 2006)