Quinn - actually I want to thank you for introducing Ichimoku concept in this forum. I have been merely lurking around this forum anonymously for the past few days or so, but after checking out your charts and correlating them to gold movement, they appear to be quite accurate. Most of the trends you mentioned came true.


To the other gold investors here:
Give Quinn a break. He was trying to point us to a very powerful tool. And a tool is useless in your hand unless you yourself learn to use it. Others can't learn it for you. We should do some leg work ourselves to understand the charts. He can't teach us every detail on such charts!

Anyway, I am totally new to ichimoku, too, but you can pick it up quite fast.

Below are the two webpages that I personally found helpful. It took me less than an hour to read and digest (a) yesterday, and avoided a heavy loss from simply buying gold because "Bernanke is going to speak, so gold will go up" reasoning. It is madness to invest like that!

Check it out carefully:
a) http://www.investopedia.com/articles/techn...p#axzz1YZAekAr2
The above link explains the ichimoku charts terminology, and what it means when the various lines cross each other, or when the lines enter into the cloud (kumo) etc.

b) Free Ichimoku online chart at http://www.profinanceservice.com
It's in Russian, so click on the American flag top left corner to change language to English. Locate Chart , click web instead of java link (don't know why but real-time Java does not work). You can select L to make the chart larger. Then in the drop down boxes above the chart, select COMMOD, GOLD. In the drop down boxes below the chart, select ichimoku. You can select refresh at different intervals, and watch the ichimoku chart at work. From your web-browser, use zoom in to see the chart details/lines more clearly.
Note: I think there is some lag for the webpage version, but it's better than nothing. Ok for non-forex traders like me.
If anyone has a better free online, realtime ichimoku chart website, please share!

Once you understand (a), you can observe the trend from the chart in (b).

If you read (a), it would be the best one hour you invest in educating yourself in a powerful tool, and also to save yourself a lot of heartache especially in this expensive and volatile gold market. Of course, it's no problem for those who want to invest long-term, but those who are short/medium term investors, the charts help you decide when to go in, exit or do nothing.

Again, thanks to Quinn for pointing out ichimoku to us newbies. Domo arigato!

NB: Ichimoku is useful, but nothing is 100% accurate or can guarantee to make you a millionaire. As Quinn keeps saying, you decide before investing, and good luck!

This post has been edited by Yoda-sen: Sep 22 2011, 10:41 AM

@Jphlau
I think you will have to look at the position when this happens (above/below or in the cloud), chikou span line relation to prices for up or down trend as well etc etc. Not just one aspect of the chart.

BTW, there is some lag in the webpage version...not absolutely real-time, ok
If short-term trader, you may need a real-time version...I am still looking for a free one.

Also, I have compared Quinn's charts to the Russian free version at profinanceservice.com, and though similar, I believe Quinn's charts have some slight variations - I may be wrong. He mentioned H4, etc. I am a newbie and still learning what these terms mean.

Still, I think the general concept for these ichimoku lines applies to both of these charts.

@jphlau - it's reversing very quickly...now it's below the cloud. See the (a) link from my post earlier, the explanation is clearer there.

As Quinn mentioned, the charts indicate bearish. Prices will drop. Seem to correlate with the goldprice news per what hongchai posted i.e. price is likely to drop further. Unfortunately for us Malaysians, USD is going up also, so MYR goldprice probably won't drop significantly for now.

Will be away shortly.

Heh, not dupe, am the real McCoy, dude.
Been a book smart geek all my life, but figure might as well use my brains to make some money.

As I said, last week I was just lurking around this forum and found Quinn to be the one talking facts and have charts to back up...but folks here were basically sceptical about his forecast, probably they do not want to wake up from the bull run dream.

And boy, was Quinn right! Gold took another dive within the day.

Fortunately, I found some sites that helped me understand the ichimoku charts quickly. Most of all, I have Quinn's charts/postings to thank for, as they saved me from making a HUGE loss, and escaped the gold blood bath last week.

Thanks again, Quinn!
Per above, Quinn has kindly provided the latest ichimoku charts again. Current outlook appears to be bearish.

As Quinn said, have a trading plan and some technical analysis knowledge. Quinn's signature contain some links to ichimoku-related material/websites. I have also shared in an earlier post links to a free ichimoku online chart and a page to interpret ichimoku charts.

As a newbie, I realise I need to do research and due diligence before making investment decisions. I agree, it's crazy to invest in gold just by looking at the current price without further technical analysis or having a trading plan.

This post has been edited by Yoda-sen: Sep 26 2011, 01:20 PM

Heh, chillax bro. Sharing is caring, right?

Nope, Quinn is not God. He's like an oracle, dude...and a kind one, too, for sharing what he knows so folks can make informed decisions especially now when gold prices are swinging so wildly.
.
As they say, "In the land of the blind, the one-eyed man is king".
So far, our man Quinn has been right on the money.
So, when Quinn posteth, we better harketh, and harketh good, if we careth for our AU$$$ to groweth instead of shrinketh!
All Hail, King Quinn!

@buysell, it's ok....let it all out. Name-calling is not necessary, dude. So what if that guy or anyone here is richer than Walmart?! There's hope for us then haha!
Come on...we are all on the same gold ship, trying to make a buck. Right now the seas are very stormy. People are scared.
All I am trying to do is to tell other forumners here who are running scared - just as I was last week - where to look for guidance. I have benefitted from this Quinn's analysis, and was saved from losing my shirt last week - a lot of $$$$$. And it was free pointers, too. For that I am grateful. Who wouldn't be if they read something, made the right decision and saved $$$$$??!!!
All of us here have one goal - make money, not lose money. We gotta help one another, not tear each other down here. All for one, and one for all - everybody wins!

This post has been edited by Yoda-sen: Sep 26 2011, 10:11 PM

Haha Dallas Just like the death of Bobby Ewing, maybe this is all a bad dream

+1 Yea. The Force Is Strong with That Dude...Hope Quinn will stay or at least drop by now and then. His charts/postings have been helpful.

Thanks for the answers, Quinn. Responsible to the end...
Yep, first things first. This forum can wait.
May you make oodles of moolah, and remember the good and appreciative comments from us...sometimes, words get lost in translation in pixels when not said face-to-face. As the Malay saying goes, "buang yang keroh. ambil yang jernih..." See you around these posts!

This post has been edited by Yoda-sen: Sep 27 2011, 12:46 AM

For us ichimoku newbies who are not really confident analyzing ichimoku charts, I found this link that provides an ichimoku video commentary of sample daily sp500-oil and gold analysis. For the current video, gold analysis is at approx. 5.28 min into the video:
http://www.ichimokucharts.com/home/daily-s...arts-for-1.html
Note: For educational purposes only...

If you are new to ichimoku (as I am), I am re-posting below two webpages that I personally found useful, which may also help us understand what the above video commentator says about these ichimoku charts. After going through the material in (a) below, compare what you've learned, and then check if your analysis is the same as the commentator's analysis for the above video.

a) http://www.investopedia.com/articles/techn...p#axzz1YZAekAr2
A very short summary explaining ichimoku terminology, and what it means when the various lines cross each other, or when the lines enter into the cloud (kumo) etc.

b) Free Ichimoku online chart at http://www.profinanceservice.com
It's in Russian, so click on the American flag top left corner to change language to English. Locate Chart , click web instead of java link (don't know why but real-time Java does not work). You can select L to make the chart larger. Then in the drop down boxes above the chart, select COMMOD, GOLD. In the drop down boxes below the chart, select ichimoku. You can select refresh at different intervals, and watch the ichimoku chart at work. From your web-browser, use zoom in to see the chart details/lines more clearly.
Note: I think there is some lag for the webpage version, but it's better than nothing. Ok for non-forex traders like me.
If anyone has a better free online, real-time ichimoku chart website, please share!

Hope some may find this useful!
Gotta run now...cheers.

This post has been edited by Yoda-sen: Sep 30 2011, 01:29 PM