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  • #561
  • Aug 9, 2011 10:29am Aug 9, 2011 10:29am
Quoting fammira
1772 my first sell

will sell up to 1805

watch silver (if USDJPY and USDCHF were just not enough) and realize something is wrong here

gold should reverse after FoMC
Also short from 1770. Added more at 1758. Closed both at 1726

Wait, did the gold fall down?! I though in the other thread they said it ONLY goes up...
  • #562
  • Aug 9, 2011 10:31am Aug 9, 2011 10:31am
Quoting fammira
hard to say, but so far I am happy to have sold at 1772 and profit at 1723 in less than 2 hours....go figure...
Congrats! We almost did took the same trade!
  • #563
  • Aug 9, 2011 10:53am Aug 9, 2011 10:53am
Do somebody knows why gold went up in such way the tha last candle. from 1720 to 1747...

any news ??

reguards
  • #564
  • Aug 9, 2011 7:56pm Aug 9, 2011 7:56pm
Quoting fammira
1772 my first sell

will sell up to 1805

watch silver (if USDJPY and USDCHF were just not enough) and realize something is wrong here

gold should reverse after FoMC


fammira

why did you decide to sell at 1772 ? in terms of technicals, what prompted you to do that. as 1772 was spot on.

you mentioned it reached a higher high for 3 days, but surely that cant be the sole reason for shorting especially when 3 daily higher highs have been achieved many times in the past, but the market continued to go up.
  • #565
  • Aug 9, 2011 10:33pm Aug 9, 2011 10:33pm
Quoting whatfx
fammira

why did you decide to sell at 1772 ? in terms of technicals, what prompted you to do that. as 1772 was spot on.

you mentioned it reached a higher high for 3 days, but surely that cant be the sole reason for shorting especially when 3 daily higher highs have been achieved many times in the past, but the market continued to go up.
hi!


I already took profit at 1723 yesterday
(almost) every time gold make two or three new highs in a row, it falls
yesterday's move was overdone, if you consider it was trading around 1720 - 30 the day before, I was almost sure it had to return to those levels quickly

now I expect new strenght to be limited, I won't touch it as I am long USDCHF but I expect the 1760 - 1777 to be a good sell level again for a return around 1650 this month
  • #566
  • Aug 9, 2011 10:37pm Aug 9, 2011 10:37pm
Quoting Fmfx
Congrats! We almost did took the same trade!
well done

I believe we should continue selling the 1760 - 1777 zone
  • #567
  • Aug 10, 2011 12:41am Aug 10, 2011 12:41am
I see 1512 until the 14 of Sep

i m sorry to say that, this top formation take little time for the market actors to sell the strong hand to the weak hands, the weak hands.

All in all be careful after the 16 Of Aug. I see a drop that nobody has seen before or thought could happen for gold.
  • #568
  • Aug 10, 2011 3:39am Aug 10, 2011 3:39am
Quoting Theo
I see 1512 until the 14 of Sep

i m sorry to say that, this top formation take little time for the market actors to sell the strong hand to the weak hands, the weak hands.

All in all be careful after the 16 Of Aug. I see a drop that nobody has seen before or thought could happen for gold.

Could you tell us why?

I see the charts and follow them

20min GC:

http://www.screencast.com/t/PoO4Zhuh26L

beeb
  • #569
  • Aug 10, 2011 4:29am Aug 10, 2011 4:29am
Trying a short @ 1757

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Don't be a hero. Don't have an ego. Always question yourself
  • #570
  • Aug 10, 2011 5:14am Aug 10, 2011 5:14am
every time gold make two or three new highs in a row, it falls



not necessarily. many times gold made 2 - 3 days of new highs but never fell, continued rising. so the assumption it will fall in such a scenario is not necessarly true.

so your guess to sell at 1772 was a very lucky one !
  • #571
  • Aug 10, 2011 5:50am Aug 10, 2011 5:50am
it won´t hurt to pick up this picture from time to time
Attached Image
  • #572
  • Aug 10, 2011 6:17am Aug 10, 2011 6:17am
Quoting beeb
Could you tell us why?

I see the charts and follow them

20min GC:

http://www.screencast.com/t/PoO4Zhuh26L

beeb
You know, for the same reason as silver just dropped suddenly before any one knew whats going on, the same will happen to gold, think about how you think, Gold will always go up - buy and wait some hour and you take profit, guys i don't know for how long you been around, but .....................

anyway, becarefull, i told my "clients" yesterday Get the fuck out. if there is some 30 bucks on the table just leave it.

take care.
  • #573
  • Aug 10, 2011 6:19am Aug 10, 2011 6:19am
Quoting Theo
it won´t hurt to pick up this picture from time to time
It seems that the nub of your argument is "it went up, so it will go down...." I was more interested in the apparent certainty of your timing...

Remember that charts can be manipulated to show what you want...for example here's weekly gold almost flatlining.

Also gold is certainly not in a "mania" because almost nobody is invested in it.....The same is true of silver, but it is such a tiny market IMO it is easily manipulated.

beeb

edit - I've "been around" the markets for about thirty years which is why I always use stops and took my profits in silver near the top.....and by the nature of your warning to your clients I assume they are widows and orphans lol.....
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  • #574
  • Aug 10, 2011 6:27am Aug 10, 2011 6:27am
Quoting beeb
Remember that charts can be manipulated to show what you want...for example here's weekly gold almost flatlining.

Also gold is certainly not in a "mania" because almost nobody is invested in it.....The same is true of silver, but it is such a tiny market IMO it is easily manipulated.

I was more interested in the apparent certainty of your timing...

beeb

edit - i've "been around" for about thirty years which is why I always use stops and took my profits in silver near the top.....
I dont know what you are talking about.. Chart is Chart.. It is up to you to check and FIX your scale.. and no one is manipulating anything..
here.. 2 different but same Weekly GOLD charts..

[Charts]
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  • #575
  • Edited 7:00am Aug 10, 2011 6:30am | Edited 7:00am
Quoting Piters
I dont know what you are talking about.. Chart is Chart.. It is up to you to check and FIX your scale.. and no one is manipulating anything..
here.. 2 different but same Weekly GOLD charts..

[Charts]

exactly, and the chart theo originally showed had a very condensed time and extended price scale....

beeb
  • #576
  • Aug 10, 2011 6:35am Aug 10, 2011 6:35am
You know, all the chart you look at is just a missmach of what its real going on, if you want to see it for real, take a pen and paper and plot the prices on a graf that gives you what the real think. this graf you attached is not graf ......

second learn harmony, third learn the cycle of gold and where to start and where you are, forth i not saying that we will drop like silver but the time is in for a drop and we will go higher but not this fall, fifth for the same reason as silver dropped the last time this time is gold turn, last but not least look at the 4 hour chart for silver top and compare it with gold today.

take care
  • #577
  • Aug 10, 2011 6:45am Aug 10, 2011 6:45am
Quoting Theo
You know, all the chart you look at is just a missmach of what its real going on, if you want to see it for real, take a pen and paper and plot the prices on a graf that gives you what the real think. this graf you attached is not graf ......

second learn harmony, third learn the cycle of gold and where to start and where you are, forth i not saying that we will drop like silver but the time is in for a drop and we will go higher but not this fall, fifth for the same reason as silver dropped the last time this time is gold turn, last but not...

OK without wasting too much more time on this - you don't seem to get the point I was making - namely the graphic you originally posted of the various "manias" had a condensed time scale and an extended price scale to make the moves more apparent....I merely posted a gold chart that had the opposite done to it.

Thank you for advising me to look at harmony - after thirty years in the precious metals market I think I can do it quite well. See my 20 min GC chart in post # 567.

I was interested in the certainty of your timing:
Quote

I see 1512 until the 14 of Sep

i m sorry to say that, this top formation take little time for the market actors to sell the strong hand to the weak hands, the weak hands.

All in all be careful after the 16 Of Aug. I see a drop that nobody has seen before or thought could happen for gold.

Unquote

I think we're going to agree to disagree

beeb
  • #578
  • Aug 10, 2011 6:52am Aug 10, 2011 6:52am
Quoting beeb
OK without wasting too much more time on this - you don't seem to get the point I was making - namely the graphic you originally posted of the various "manias" had a condensed time scale and an extended price scale to make the moves more apparent....I merely posted a gold chart that had the opposite done to it.

Thank you for advising me to look at harmony - after thirty years in the precious metals market I think I can do it quite well. See my 20 min GC chart in post # 567.

I was interested in the certainty of your timing:
Quote

I...
My timing is astro
  • #579
  • Edited 7:11am Aug 10, 2011 6:53am | Edited 7:11am
Quoting Theo
My timing is astro

In that case I shall ignore it - no offence meant



beeb
  • #580
  • Aug 10, 2011 7:53am Aug 10, 2011 7:53am
Quoting beeb
In that case I shall ignore it - no offence meant



beeb
I respect your opinion

take care
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