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XAU/USD Spot Gold

  • #361
  • Jul 22, 2011 8:35am Jul 22, 2011 8:35am
next week should move up they say: http://seekingalpha.com/article/2808...he-rising-tide

im waiting for another drop down to jump on the wagon.. missed the last one
  • #362
  • Jul 22, 2011 8:41am Jul 22, 2011 8:41am
Quoting Vesoao
next week should move up they say: http://seekingalpha.com/article/2808...he-rising-tide

im waiting for another drop down to jump on the wagon.. missed the last one

well, drop down is highly unlikely to happen. best to jump on the bandwagon while the price is still low. come next week you could see a huge rise of pips. by which time you would be entering very late.

anyway thats your call.

i have enetred long with half the position. if market does fall., then i will stagger re-entries at quarter the position on first retrace, and the remainder quarter on the 2nd retrace.

failing this, i will go short. short is highly unlikely to happen though.


so up up and up !!
  • #363
  • Jul 22, 2011 8:54am Jul 22, 2011 8:54am
i dont want to be cought with pants down when obamo anounces some agreement and they raise the ceiling, on the other side there could be a default, downgrade or something..
dunno, better safe then sorry, i aint got much margin to play with(for decent lots it is), im gonna play it without s/l anyway.

f*ck, dunno maybe i'll play a small one, eh gotta made my mind..

oil nicely up too, dollar down, rumors about iran, china positioning in offshore seas..
up it must go for sho'
  • #364
  • Jul 22, 2011 11:11am Jul 22, 2011 11:11am
Quoting Vesoao
i dont want to be cought with pants down when obamo anounces some agreement and they raise the ceiling, on the other side there could be a default, downgrade or something..
dunno, better safe then sorry, i aint got much margin to play with(for decent lots it is), im gonna play it without s/l anyway.

f*ck, dunno maybe i'll play a small one, eh gotta made my mind..

oil nicely up too, dollar down, rumors about iran, china positioning in offshore seas..
up it must go for sho'

best to play it safe then. just go with what you feel is safe for you....maybe wait for the next fall and bounce. what do your charts tell you...?

i will leave a comment here when i see market is likely to fall again albeit for a short period.

i think its bullish sentiment though. crisis in europe not over yet. although a lot better than recent times...

as for obamas announcements. they are usually lame coming from a lame duck part time president. never look forward to his announcements myself...
  • #365
  • Jul 22, 2011 11:45am Jul 22, 2011 11:45am
dunno, looks like some bouncing from 1603-1588 till tuesday, overbought on the upper side of channel, MACD says down too

gonna scalp it if i see some mayor drops and thats it
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  • #366
  • Jul 25, 2011 12:01am Jul 25, 2011 12:01am
1615 buy in expecting further rise....
1608stop
target above 1625
  • #367
  • Jul 25, 2011 5:46am Jul 25, 2011 5:46am
Quoting BeeBee
1615 buy in expecting further rise....
1608stop
target above 1625
changed stop to 1615.10, to protect the entry and keep looking up.
  • #368
  • Jul 25, 2011 6:31am Jul 25, 2011 6:31am
Quoting Vesoao
dunno, looks like some bouncing from 1603-1588 till tuesday, overbought on the upper side of channel, MACD says down too

gonna scalp it if i see some mayor drops and thats it

well iam glad i entered long at 1596 last week. already up +25 pips.
  • #369
  • Jul 25, 2011 6:42am Jul 25, 2011 6:42am
Quoting whatfx
well iam glad i entered long at 1596 last week. already up +25 pips.
yep, nice one.
too bold of a move for me, but a good one.

im scalping todays up's & down's waiting for some news.
it could turn much lower at first, until the people find holes in the deal and whatnot.

Anyway printing or default it would be, the contrary cant be said for gold..
  • #370
  • Jul 25, 2011 7:23am Jul 25, 2011 7:23am
But IMHO, Golda cannot continue to rise up with this speed; there should be a downfall for a while to start rising again. And this will happen this or next week.
  • #371
  • Jul 25, 2011 10:11am Jul 25, 2011 10:11am
Quoting Vesoao
yep, nice one.
too bold of a move for me, but a good one.

im scalping todays up's & down's waiting for some news.
it could turn much lower at first, until the people find holes in the deal and whatnot.

Anyway printing or default it would be, the contrary cant be said for gold..

i have closed half of my long position earlier banking about + 15 pips. i think gold is about to retrace down for a short term. so i will either look to go short in the next couple of days if all the signs are correct, or re-enter my half gold buy. again if the signs are correct.

etrade -- yes, i agree . as i see it. gold is overbought at the moment. so it may come down in the next few days. if it doesnt, then defo it will be coming down in the next two weeks or so. iam looking to catch in on the down move. once down move has exhausted, it will be up and up again !! you gotta love trading gold !...
  • #372
  • Jul 25, 2011 10:14am Jul 25, 2011 10:14am
Quoting Vesoao
yep, nice one.
too bold of a move for me, but a good one.

im scalping todays up's & down's waiting for some news.
it could turn much lower at first, until the people find holes in the deal and whatnot.

Anyway printing or default it would be, the contrary cant be said for gold..

i dont know how you can scalp gold . the moves are not big enough and are too slow as well. i can never do that. plus you must be paying a hell of a lot in spread each time you scalp !

not my thing...
  • #373
  • Jul 25, 2011 11:37pm Jul 25, 2011 11:37pm
yesterday's order hit protection, failed

1616 bought
1609.50 stop
keep looking up!!!
  • #374
  • Jul 26, 2011 4:08am Jul 26, 2011 4:08am
Quoting BeeBee
yesterday's order hit protection, failed

1616 bought
1609.50 stop
keep looking up!!!

i had closed half my long position yesterday as i felt the market would be falling, short term. and in anticipation of a short entry.
but it looks like you did the opposite and entered a long ..
not sure why you entered a long..?
i wouldnt look up if i were you, we will know in a few hours whether or not to go short.

in the meantime, just waiting..
  • #375
  • Jul 26, 2011 8:46am Jul 26, 2011 8:46am
as the market seems to be in a range i couldn't wait any longer. against my better judgement i have now entered a small short position ! simply because of what i had stated earlier, i.e. the market is about to have a short term fall. so lets hope it does, and i can grab a few pips.

but market is way too slow. it could just rise back up again. no worries, my previous long position is still intact though.

i hope now that i have entered a short position, market does fall a bit so that i can grab a few pips on my short position.

fingers crossed. wish me luck.
  • #376
  • Jul 26, 2011 9:54am Jul 26, 2011 9:54am
Quoting whatfx
but market is way too slow. it could just rise back up again. no worries, my previous long position is still intact though.
Memories of the way things used to be.....

Longing to be in two trading strategies at the same time, [ hedge rule against simultaneous buy sell orders]

Let alone no longer able to trade spot metal any longer. [ thank you Senator Dodd and Frank for protecting me against myself ]

WHEN ARE AMERICANS GOING TO WAKE UP AND REALIZE WE ARE NO LONGER A FREE COUNTRY!!!!!!
  • #377
  • Jul 26, 2011 11:13am Jul 26, 2011 11:13am
Quoting johnmcglaughlin
Memories of the way things used to be.....

Longing to be in two trading strategies at the same time, [ hedge rule against simultaneous buy sell orders]

Let alone no longer able to trade spot metal any longer. [ thank you Senator Dodd and Frank for protecting me against myself ]

WHEN ARE AMERICANS GOING TO WAKE UP AND REALIZE WE ARE NO LONGER A FREE COUNTRY!!!!!!

iam based in the u.k. , lucky me !!!!!!!!
  • #378
  • Jul 26, 2011 11:35pm Jul 26, 2011 11:35pm
Quoting BeeBee
yesterday's order hit protection, failed

1616 bought
1609.50 stop
keep looking up!!!
hit stop lost.... Failed again!(2nd attempt)
expected beyond 1625 never changed. but my stop level need improvement.
currently will hold above 1620 level.
if there's 1616/17, i will attempt another buy with stop at 1611.
  • #379
  • Jul 27, 2011 4:10am Jul 27, 2011 4:10am
i came out of my short position yesterday. with loss -10 pips. my fault really , i should not have entered a short position as the market was ranging all day. should have waited for a breakout , before deciding. anyway i still hold my previous long position and since i closed my short yesterday the long has moved up about +11 pips. so i have recovered the loss i made on the short.

waiting for the long awaited fall to come. but for the time being it seems to wanna just go up and up..
  • #380
  • Jul 27, 2011 8:47am Jul 27, 2011 8:47am
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