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Only Gold!

  • #25,501
  • May 11, 2015 6:51am May 11, 2015 6:51am
Quoting qebubble
London open? same for 3 years...I'm waiting for a spike to go all in short as usual for tomorrow, easy money.
IF making money has been easy for you.. I can bet you've been working very hard..

Kudos to you
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  • #25,502
  • May 11, 2015 7:29am May 11, 2015 7:29am
The other day, I shared Crude Oil view on Nitsan's thread.. check att.. SS..

PS: I won't be surprised IF this goes sideways in the 58-62 range, nevertheless my view remains bullish on Crude..
Attached Image (click to enlarge)
Click to Enlarge Name: ss.PNG Size: 61 KB
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  • #25,503
  • May 11, 2015 7:37am May 11, 2015 7:37am
Quoting ClockTrader
The other day, I shared Crude Oil view on Nitsan's thread.. check att.. SS.. PS: I won't be surprised IF this goes sideways in the 58-62 range, nevertheless my view remains bullish on Crude.. {image}
Please be advised that breakout numbers vary on daily basis.. i.e. new numbers everyday. These numbers are then used to create 'Mango Trenz' (see chart)

Charts like these are used to predict the trend.. As visible in the chart, even though Crude is under pressure, yet, my view has been Bullish on a broad level due to seasonal waves in place..
Attached Image
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  • #25,504
  • May 11, 2015 10:37am May 11, 2015 10:37am
Initiated a small test short a while back, I thought I was doing this early and BOOOOOM.. there it goes..

Crude needs kicking though..
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  • #25,505
  • May 11, 2015 10:49am May 11, 2015 10:49am
Quoting ClockTrader
I'll await NY morning for decisive move to take place. So that I can have relaxed mood until then, I have mitigated risk on my positions.. Short term: Bullish (unless 1182.6 breaks) Seasonal: Bearish
> Short term: Bullish (unless 1182.6 breaks)

--> Gold has broken into South, longs look risky to me.. I plan to add shorts each time it breaks into South.. OR when it appears to have peaked out..

Safe SL applied on short.. Just need seasonal waves to play out right.. It's been too much of sideways.. 6 weeks of sideways in a row.. Gosh!!
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  • #25,506
  • May 11, 2015 11:27am May 11, 2015 11:27am
$10 dump in no time, FED crew working hard on it, buffing Paper GOLD spot daily..
This is simply sick. 3 years in the row already.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #25,507
  • May 11, 2015 11:29am May 11, 2015 11:29am
Quoting ClockTrader
{quote} > Short term: Bullish (unless 1182.6 breaks) Safe SL applied on short..
Don't short now, as it would recover into Crimex close and Asian buying overnight. It's wise to sell

like 1-2 hours before London open.. Usually highest sport in the day.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #25,508
  • May 11, 2015 11:44am May 11, 2015 11:44am
Quoting SkyzerFX
{quote} Don't short now, as it would recover into Crimex close and Asian buying overnight. It's wise to sell like 1-2 hours before London open.. Usually highest sport in the day.
This is my time to go to bed.. not really shorting now.. I'll calculate fresh breakout numbers tomorrow... and then setup triggers..

today's flash fall was completely unpredictable.. expected as per analysis, but, didn't saw anything like that coming with such speed..

Anyways.. I suggest everyone to trade light and safe..

Gold is a tough nut to crack these days..

It's been sideways and that is the toughest to trade IMO.. let alone make killing..

Have a good one you all!
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  • #25,509
  • May 11, 2015 12:01pm May 11, 2015 12:01pm
Attached Image (click to enlarge)
Click to Enlarge Name: 9plp2IS.png Size: 34 KB

I missed it, i was waiting the price to touch 50 fibo level and i lost the whole move because of that 1 dollar, well thats my lesson for today
  • #25,510
  • May 11, 2015 1:03pm May 11, 2015 1:03pm
Quoting SkyzerFX
{quote} Don't short now, as it would recover into Crimex close and Asian buying overnight. It's wise to sell like 1-2 hours before London open.. Usually highest sport in the day.
Can you please explain what is the connection between London Open and Gold Price?
  • #25,511
  • May 11, 2015 1:58pm May 11, 2015 1:58pm
Quoting Monkeybuss
{quote} Can you please explain what is the connection between London Open and Gold Price?
supposedly Europe and US banks control mostly gold and silver, plus the liquidity is way higher, i think this is the reason
  • #25,512
  • May 11, 2015 10:52pm May 11, 2015 10:52pm
Quoting ClockTrader
{quote} > Short term: Bullish (unless 1182.6 breaks) --> Gold has broken into South, longs look risky to me.. I plan to add shorts each time it breaks into South.. OR when it appears to have peaked out.. Safe SL applied on short.. Just need seasonal waves to play out right.. It's been too much of sideways.. 6 weeks of sideways in a row.. Gosh!!
My intentions are to short, but, I'll await London session to warm up before I make my next move..

Currently resistance resides around 1187-93 region, let's see how the day evolves.. looks like lull before the storm...
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  • #25,513
  • May 11, 2015 11:57pm May 11, 2015 11:57pm
I'm short from 1184, no brainer, look at that M15 chart...tanking coming, ride that wave
  • #25,514
  • May 12, 2015 12:51am May 12, 2015 12:51am
easiest. short. ever.

CHA CHING, I love how pathetic gold is.
  • #25,515
  • May 12, 2015 1:01am May 12, 2015 1:01am
Quoting Stockman
easiest. short. ever. CHA CHING, I love how pathetic gold is.
thats it??!! 3 dollars?

i thought you meant it would go down like 10 dollars or so..
  • #25,516
  • May 12, 2015 2:03am May 12, 2015 2:03am
Quoting Stockman
easiest. short. ever. CHA CHING, I love how pathetic gold is.
will not be much longer.

new stimuluses oiling ailing economies constantly. Hiding it as much as they can. Trying to keep gold down so people don't read the game and think it is for real.

it will pop up like geyzir one day.

Make sure you have stops and honour them, else .

buy gold may be trade to get you real rich.

Right now !
  • #25,517
  • May 12, 2015 2:14am May 12, 2015 2:14am
I would be very careful if I were to go short on XAU today....can be a nasty surprise
"Bulls make money, bears make money, pigs get slaughtered"
  • #25,518
  • May 12, 2015 2:15am May 12, 2015 2:15am
oops, just realized it is in commercial section. Hope CT will not mind. It is long term view. He is more short term these days, looks like.

Looking at chart....

Low 15 years ago or so was 250. High was 1920.

50 % retracement stands at around 1085.

Low was 1129 so far.

Accumulation is one way to do it. Buy on dips, say after every $10 lower. If you after quick win go for $100 profit target.

If you have skills hold and don't sell. Once these shorts are overwhelmed, sky will be the limit.
  • #25,519
  • May 12, 2015 2:21am May 12, 2015 2:21am
there is another side to it... why people will turn to gold.

Money is these days distributed practically freely.

So far masses have not realised yet.

Just think that you have to work hard to get couple of coins, and on the other side masses of people getting printed cash for free. How would you feel.

I would get rid of cash and buy something meaningfull that is not overpriced to keep buying power and let others enjoy free paper wealth..

Yeah, gold tick the box.
  • #25,520
  • May 12, 2015 2:24am May 12, 2015 2:24am
and yet, there is another side.

Geopolitical instability.

Property is worthless in such times.

One would expect money escaping property and going for something real. Yeah gold looks good.

I will stop now and only continue if asked nicely
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