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Only Gold!

  • #13,581
  • Aug 6, 2014 12:43pm Aug 6, 2014 12:43pm
Quoting Vigovski
Well does it make sense ? {image}
perfect sense..
  • #13,582
  • Aug 6, 2014 12:51pm Aug 6, 2014 12:51pm
Gold closed the last 4H candle (to my broker at least) above SMA300 and above Ichimoku cloud, which might signal further upward movement. PSAR is also confirming upward momentum. I am now considering 1312 levels as target.
  • #13,583
  • Aug 6, 2014 12:58pm Aug 6, 2014 12:58pm
Quoting Payman
I am bearish on gold and believe that on monthly chart it has a long way to go to find a bottom. therefore these rallies are good opportunities to short gold. Ukraine tensions cant affect the long term trend. So as long as it hasn't broken the 1360 (neckline of reverse head and shoulder on weekly chart) I will be bearish.
Sory i will not sell to that big green candle with power of 5 boxes viagra and 2 redbulls

Edit : Forgot to add jetpack with diesel
Neural Network Algorithm and Econophysics
  • #13,584
  • Aug 6, 2014 12:58pm Aug 6, 2014 12:58pm
Quoting ClockTrader
{quote} Opened 4 more shorts @ 1307 Total 16 shorts now against 40 longs.. I think I should hit the bed now, as I'll keep hitting the keys until I'm awake, have a nice and green one you all.. PS: Both longs and shorts don't have any SL right now.. PPS: Like I said yesterday, the PA is going to hustle hard until weekend, so here we are, the show will continue, PA won't rest, but, hustle hard..

CT, just a question how do you handle swaps adjustments specially for longs if you don't close them that much ?
  • #13,585
  • Aug 6, 2014 2:21pm Aug 6, 2014 2:21pm
silver's 20,15 was not hit today i mean there is still time but its a good sign. tomorrow it'll skip right through into 20,41 or even 20,63.

Jesus i'm on vacation but watching these greens is so adicting lol
  • #13,586
  • Aug 6, 2014 3:27pm Aug 6, 2014 3:27pm
Quoting Windstrown
silver's 20,15 was not hit today i mean there is still time but its a good sign. tomorrow it'll skip right through into 20,41 or even 20,63. Jesus i'm on vacation but watching these greens is so adicting lol
money never sleeps!! like.. EVER! except maybe on the weekends when there is no market activity.. but then again this statement is also questionable given the fundamentals of "money" that can happen during weekends such as wars and what not. but I digress..
  • #13,587
  • Aug 6, 2014 6:31pm Aug 6, 2014 6:31pm
Quoting KiwiOz
{quote} Short from 1291.55. However Gold is locked in a small triangle & the "RED" setup is a possibility. So Gold will need to drop & stay below 1288 to make the short trade safe. {image}
And to the "RED line it did so go.!!! Heading back to the yellow line & Daily pivot for the Asian session now.
Attached Image (click to enlarge)
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Money Makes Money
  • #13,588
  • Aug 6, 2014 7:43pm Aug 6, 2014 7:43pm
Quoting KiwiOz
{quote} And to the "RED line it did so go.!!! Heading back to the yellow line & Daily pivot for the Asian session now. {image}
Kiwi - very nice charts and outlook.

can you recommend the best books/place to learn magnetic line trading?
Que Sera
  • #13,589
  • Aug 6, 2014 9:07pm Aug 6, 2014 9:07pm
Quoting sethsera
{quote} CT, just a question how do you handle swaps adjustments specially for longs if you don't close them that much ?
I take sufficient profit from trades, maybe I'll close some longs too going forward..

The profit is like n time of the swap..

swap is so small, I can't even see it....
Hello World!
  • #13,590
  • Aug 6, 2014 9:21pm Aug 6, 2014 9:21pm
Just closed two longs (not in line with my tendencies), but high voltage PA around and this is what I needed..

PS: The SLs on long root set were there.. will post SS later..
Hello World!
  • #13,591
  • Aug 6, 2014 10:11pm Aug 6, 2014 10:11pm
Had to take my mindset, my psychology and strategy back to yesterday when all I wanted was one swing-up, I got it. I even hedged 16 longs..

now what? I don't need to get greedy or crazy now.. it can be very hard to balance mind after hot PA....
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Hello World!
  • #13,592
  • Aug 6, 2014 10:17pm Aug 6, 2014 10:17pm
gold is stuck inside a triangle perhaps waiting for London or new-york sessions.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 34 KB
  • #13,593
  • Aug 6, 2014 11:06pm Aug 6, 2014 11:06pm
silver is in process to break a minor daily resistance @20.073,if succeeded,and seeing it around its major daily resistance @20.420.....may think of closing long gold
  • #13,594
  • Aug 6, 2014 11:14pm Aug 6, 2014 11:14pm
22 sma middle is required to stay above 20.073 with the price over it on 5 minute chart
  • #13,595
  • Aug 6, 2014 11:19pm Aug 6, 2014 11:19pm
SMA400, fib38.2 to retrace fib50.0 & resistance at 1309.73

possibly short.. tp 1294 (SMA300, fib50.0, support at 1293.74) sl 1320
P.S. Trade with the discipline of Money Management and Risk Management.
  • #13,596
  • Aug 6, 2014 11:32pm Aug 6, 2014 11:32pm
its 1305.82...lets see if it can break 1304.72
  • #13,597
  • Edited 1:17am Aug 7, 2014 1:05am | Edited 1:17am
Previous Weekly High and Weekly R1 above are strong resistences. It looks it would retest Monthly Pivot below at least and then perhaps it's ll be stuck on around 70 pips range in-between until U.S. news release... Pending stop oders beyond this range before news release can be a decent trading plan today.

Attached Image
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #13,598
  • Edited 1:55am Aug 7, 2014 1:15am | Edited 1:55am
The uSD index has really taken off the past few hours... (also aussie is falling off a cliff)

S&P and other markets finished with a morning star.... todays close will indicate whether this "so called correction" is over or not...

My Ew structure is still in tact as long as we don't get a close above 1312...& if this is true then the next leg is very bearish ( target c).

However it is always good to do an alternate count... and according to that it is possible that a new impulse wave structure has started; right now we are in a symmetrical triangle (which could be either the first or 4th corrective wave); implying that there is more upside..However if this does hold my 2nd area of support is between 1295-1301 (and if this does not hold) then we are definitely going down to 1260-70 levels...
  • #13,599
  • Aug 7, 2014 1:49am Aug 7, 2014 1:49am
Quoting ClockTrader
Had to take my mindset, my psychology and strategy back to yesterday when all I wanted was one swing-up, I got it. I even hedged 16 longs.. now what? I don't need to get greedy or crazy now.. it can be very hard to balance mind after hot PA.... {image} {image} {image}
I am go glad I discovered your forum, I am learning so much. thank you for starting this forum.
  • #13,600
  • Aug 7, 2014 2:04am Aug 7, 2014 2:04am
How can one justify buying and selling at the same! that is not trading it is called gambling.
It will work for sometime then it will finally crash.
With experience you expect traders to use fundamental and technical analysis to take a trade and not buying and selling at the same time.
In terms of prediction/technical analysis SELCUKLU was spot on for the below analysis and i would really like to learn from him.
I do not want to be gambler.


http://www.forexfactory.com/showthre...26397&page=674
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