New Ideas and New Concepts in 2014

In last 3 years, so many new strategies has been tested and finally we are using some methods till today.

As a goodwill gesture, I (niftymetals) am planning to put everything in one place and take trade without any additional default indicators.

"ALL EXISTING FORMULAS WILL BE SCRAPPED AND START WITH NEW CONCEPTS"

Salient Future of 2014 - Modification - Only Three Concepts


Intraday 

Main trend and Intermediate Trend criteria will be included in "Intraday" concept to avoid frequent trades.



Intermediate Trend


Main trend criteria will be included in "Intermediate Trend" to avoid taking trade in against Main Trend.



Main Trend


Positional Trade system will guide the top level reversal and bottom level reversal to take positional trade




Already some charts are posted based on this concepts here, still modifications underway to fix the formula.

Mid January we will implement it to all.

Gold Immediate Downside Target

From 1434 level uptrend halted again down trend confirms in the upper trend line not able to break 1347 level............................................................

Still not able to cross the trend line last 3 months.......................short is continuing...................................

Hope hold may hold 1160 $ level intermediate,  if not holding 1160 level .................................................

Then next downside target 1073.75 $......................................................................................................

Let us see what happens..........................................................................................................................