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  • #9,101
  • May 26, 2014 5:56am May 26, 2014 5:56am
Quoting kinspk
Finally got on to a chart. Gold had been wrestling between 1291-1295 for the last 10 days, this is the present price range which I personally felt need to be broken to establish at least a short term trend. With Clocktrader's gold season in mind, I fancy a drop first which will attract more buyer in the coming month to push price in an obvious trend. Btw I have 1 silly question, how do you guys, quote someone name in it? {image}

Indeed its in a range... its been to depressing really...but an explosive move is on its way... it would be nice to see a final leg down... Its too hard to tell anything from this range pattern...

in order to quote someone... just press "quote" link on the post that you want to quote...A new message box will appear; where you can type a new message along with the quote..hope that is clear?
  • #9,102
  • May 26, 2014 5:57am May 26, 2014 5:57am
Seeing a potential for a small scalp as we are hitting resistance on the H1 and should start a bit of a bear (see bear cloud to the right)
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A genius is born every minute, me I am lucky if my socks match.
  • #9,103
  • May 26, 2014 12:49pm May 26, 2014 12:49pm
wow!!
what the shit is going on??
anyone has heart attack??
  • #9,104
  • May 26, 2014 1:26pm May 26, 2014 1:26pm
HELP!!! http://www.forexfactory.com/showthread.php?t=486563
  • #9,105
  • May 26, 2014 1:42pm May 26, 2014 1:42pm
is it true?
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  • #9,106
  • May 26, 2014 2:23pm May 26, 2014 2:23pm
my broker closed at 1300.99
  • #9,107
  • May 26, 2014 2:24pm May 26, 2014 2:24pm
Quoting devang
is it true? {image}
yeah what the hula was that
one broker shows nothing, another i have the same, a spike.. but not with xag, only xau

now my connection with brokers has been faulty for last hour
will post image asap
  • #9,108
  • May 26, 2014 2:26pm May 26, 2014 2:26pm
http://www.xe.com/currencycharts/?fr...o=USD&view=12h
  • #9,109
  • May 26, 2014 2:26pm May 26, 2014 2:26pm
Quoting sethsera
my broker closed at 1300.99
alpari uk, closed at 1302
alpari nz, 1292!
vantage uk... nothing, connection just keeps dropping
  • #9,110
  • May 26, 2014 2:28pm May 26, 2014 2:28pm
Quoting KarlHakan
http://www.xe.com/currencycharts/?fr...o=USD&view=12h
thanks for post, so its a manipulation when liquidity was ultra low
lets see when asian market opens probably at 1292
  • #9,111
  • May 26, 2014 2:32pm May 26, 2014 2:32pm
Quoting Verve
{quote} thanks for post, so its a manipulation when liquidity was ultra low
Hi Verve,

What should I expect from this move? Was it a big party that drove the price up to get a better sell position? Or was it just a way to make some quick buckets in a ultra low liquidity period?

Best regards,

Frietzak
  • #9,112
  • May 26, 2014 2:54pm May 26, 2014 2:54pm
Quoting frietzak
{quote} What should I expect from this move?
I think it was several or maybe one bank manipulating their feed thus only some brokers show 1300s whilst others are not. Something weird is definately up, im trying other demo and live accounts i have and there is no feed, this doesnt even happen on a weekend, usually the data will come up until the last bar, but when i change time frame, they dont update, some have connection some dont.
A hundred pip or 0.8% spike in 1 min just smells of stop hunting. Yes they could be grabing liquidity for their shorts by hitting the stops.. im guessing they planned that move all day. i wonder which smug mm's have that power
  • #9,113
  • May 26, 2014 2:59pm May 26, 2014 2:59pm
little to no movement on kitco chart near end of day
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  • #9,114
  • May 26, 2014 3:07pm May 26, 2014 3:07pm
What happen to gold, see the high and low....omg!!
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  • #9,115
  • May 26, 2014 3:11pm May 26, 2014 3:11pm
Quoting Verve
{quote} I think it was several or maybe one bank manipulating their feed thus only some brokers show 1300s whilst others are not. Something weird is definately up, im trying other demo and live accounts i have and there is no feed, this doesnt even happen on a weekend, usually the data will come up until the last bar, but when i change time frame, they dont update, some have connection some dont. A hundred pip or 0.8% spike in 1 min just smells of stop hunting. Yes they could be grabing liquidity for their shorts by hitting the stops.. im guessing...
Hi Verve,

Thanks for your quick response. The scenario you sketch reminds me of the movie Margin Call. My broker mailed me yesterday the following: the Gold and Silver markets will close at 17:00 GMT / 12:00 EST and reopen at 22:00 GMT / 17:00 EST. ( Perhaps that therefore some data is not yet visible, at least not with my broker.)

This manipulation makes me suspect a bearish rush when the markets open again. But this is nothing other than a presentiment so dedicate not too much value to my words.

Best regards,

Frietzak
  • #9,116
  • May 26, 2014 3:24pm May 26, 2014 3:24pm
Quoting imthiyaz1904
What happen to gold, see the high and low....omg!! {image}
Goodness what brokerage is that?!?

Frietzak, so like in the movie are we on the brink of market collapse
Quotes from film: Will Emerson: You guys ever been through this before?
Seth Bregman: No.
Will Emerson: It's best to keep your head down and ignore it. Keep your head down and go back to work.
Steven Spielberg's name is misspelled in the "Special Thanks" section of the closing credits of Margin call.
  • #9,117
  • May 26, 2014 3:31pm May 26, 2014 3:31pm
Here's mine, FXTM:
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  • #9,118
  • May 26, 2014 3:38pm May 26, 2014 3:38pm
Quoting imthiyaz1904
What happen to gold, see the high and low....omg!! {image}
seriously, leave that broker, or you'll be sorry
  • #9,119
  • May 26, 2014 3:55pm May 26, 2014 3:55pm
Quoting Verve
{quote} Goodness what brokerage is that?!? Frietzak, so like in the movie are we on the brink of market collapse Quotes from film: Will Emerson: You guys ever been through this before? Seth Bregman: No. Will Emerson: It's best to keep your head down and ignore it. Keep your head down and go back to work. Steven Spielberg's name is misspelled in the "Special...
Hahaha, I guess I'll keep my head down and go back to work indeed.

It's kind of strange that all brokers use different data. Or is this common in the forex industry?
  • #9,120
  • May 26, 2014 3:59pm May 26, 2014 3:59pm
Quoting frietzak
{quote} Hahaha, I guess I'll keep my head down and go back to work indeed. It's kind of strange that all brokers use different data. Or is this common in the forex industry?
Yes they have different providers or one main source like currenex who have selected providers, think of it like packages, depending on how much money the brokerage has will depict the service and variety of providers. Thus small time brokerages have worse spreads cos they can only afford a few providers or choose a cheap package, of course spread is also wider to protect themselves and for other reasons.. lets see xau now
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