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Only Gold!

  • #5,401
  • Apr 1, 2014 8:59pm Apr 1, 2014 8:59pm
very informative video : http://www.kitco.com/news/video/show...For-Petes-Sake

Number to watch $1278 .
  • #5,402
  • Apr 1, 2014 9:06pm Apr 1, 2014 9:06pm
SL for test longs @ 1271

I plan to mitigate risk IF any by US morning, cheers to all =)
Hello World!
  • #5,403
  • Apr 1, 2014 9:49pm Apr 1, 2014 9:49pm
I wonder where the bulls are, are they on sleeping pills or something, ....
  • #5,404
  • Apr 1, 2014 10:30pm Apr 1, 2014 10:30pm
Quoting Northintel
{quote} http://www.zerohedge.com/news/2014-0...bal-fx-markets
Interesting article. When Gold peaks out or bottoms out before/after a rally, I always assume that it hit SL or Sell/Buy stops of such a cartel. Its totally imaginary and hypothetical though. But this is what I strongly believe in. Somehow the seasons just fit well somewhere between the moves initiated by majority weight (either by cartel or masses).
Hello World!
  • #5,405
  • Apr 1, 2014 11:23pm Apr 1, 2014 11:23pm
Quoting Northintel
{quote} care to provide the link?

http://www.bbc.co.uk/news/business-26830559

http://online.wsj.com/news/articles/...181722310.html
  • #5,406
  • Apr 1, 2014 11:31pm Apr 1, 2014 11:31pm
are we experience exactly the same scenario from several recently days?

Asian up
London neutral
New York down
  • #5,407
  • Apr 2, 2014 12:05am Apr 2, 2014 12:05am
Quoting ozboy
are we experience exactly the same scenario from several recently days? Asian up London neutral New York down
These days trading Is so boring. Just one scenario DOWN, DOWN and DOWN. I am out sideline to see Mr Market.
  • #5,408
  • Apr 2, 2014 1:19am Apr 2, 2014 1:19am
Quoting namaus
{quote} These days trading Is so boring. Just one scenario DOWN, DOWN and DOWN. I am out sideline to see Mr Market.
We could see a spike up with some mixed or poor U.S. numbers this week. I am certainly hopeful as I'd like to add shorts at a higher level than 1288. NFP is going to have a huge impact on whether we see PA to 1250 or back up over 1315. Either way, the next few months with continued Fed tapering...price action is likely down, though it might not retrace 100% to 1180 before Asian buyers in particular, push price action back up.
"The market can remain irrational longer than you can remain solvent"
  • #5,409
  • Apr 2, 2014 1:32am Apr 2, 2014 1:32am
Quoting anton.olff
{quote} We could see a spike up with some mixed or poor U.S. numbers this week. I am certainly hopeful as I'd like to add shorts at a higher level than 1288. NFP is going to have a huge impact on whether we see PA to 1250 or back up over 1315. Either way, the next few months with continued Fed tapering...price action is likely down, though it might not retrace 100% to 1180 before Asian buyers in particular, push price action back up.
I would firmly support spiky PA ahead, testing longs, will built on day level carefully, if US morning looks filled with bears, will mitigate the risk. These are tests anyways.
Hello World!
  • #5,410
  • Apr 2, 2014 2:25am Apr 2, 2014 2:25am
Quoting jackeollio
Hi All, To all who have subscribed to my posts, I would like to send you an email with an invite so you can attend my webinar. Unfortunately, it seems to be quite difficult to do with ForexFactory email system. Please send me a private message with your personal email address so I can send you an invite to the webinar. Thanks, Jack
Careful! Could be a scam.
  • #5,411
  • Apr 2, 2014 2:25am Apr 2, 2014 2:25am
Quoting jackeollio
{quote} I certainly don't recommend that anybody use a crystal ball to trade the Market and I don't use one myself (simply look at my charts - not much guessing there). That being said, traders who use indicators and oscillators many times appear to me as though they are using a crystal ball to trade the Market. My explanation as to where I'm going with this is as follows : 1) most people have an irrational fear of the Market. As a result, they keep losing money trading the Market simply because they don't "know" and "understand" the Market....
See!
  • #5,412
  • Apr 2, 2014 2:34am Apr 2, 2014 2:34am
I've just put a risky short at 1284 , SL 1286 with TP at 1275. Comment?
  • #5,413
  • Apr 2, 2014 2:41am Apr 2, 2014 2:41am
Quoting forex1016
I've just put a risky short at 1284 , SL 1286 with TP at 1275. Comment?
Well I hope ur wrong because I have 50oz the other way Disclaimer: I'm pissing in the wind, I have no idea how to trade Gold.
  • #5,414
  • Apr 2, 2014 2:42am Apr 2, 2014 2:42am
If the stop was at 1290 the trade would be protected by 400 sma on 4h and 100 sma on 1h just a thought Cheers
  • #5,415
  • Apr 2, 2014 2:43am Apr 2, 2014 2:43am
How do you know which timeframe to use which SMA? I was trying to work with SMA32,64,200,300,400 all on the 5min time-frame with ZERO success.
  • #5,416
  • Apr 2, 2014 2:44am Apr 2, 2014 2:44am
Quoting zaghloul
{quote} Well I hope ur wrong because I have 50oz the other way Disclaimer: I'm pissing in the wind, I have no idea how to trade Gold.
The disclaimer was indeed amusing :-)
Hello World!
  • #5,417
  • Apr 2, 2014 2:58am Apr 2, 2014 2:58am
Quoting acidguy
very informative video : http://www.kitco.com/news/video/show...For-Petes-Sake Number to watch $1278 .
Thank you Acidguy for sharing the video. It was indeed an informative with good fundamental analysis in relation to Gold.
  • #5,418
  • Apr 2, 2014 2:58am Apr 2, 2014 2:58am
Quoting forex1016
I've just put a risky short at 1284 , SL 1286 with TP at 1275. Comment?
I think the down move is not over yet, but it's a risky short I agree
  • #5,419
  • Apr 2, 2014 3:04am Apr 2, 2014 3:04am
So, do you people think we should start building our long now ? (even though it could drop to 1275) What TP ? 1480 ?
  • #5,420
  • Apr 2, 2014 3:05am Apr 2, 2014 3:05am
holding on to my short. see what the US open tell us...I have been trapped in long for quite some time..if price is to go up after i short, I am totally owned by the market =D
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