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Only Gold!

  • #561
  • Jul 11, 2013 5:42am Jul 11, 2013 5:42am
Just took two longs @ 1285, SL @ 1253

Don't see much upside left, little thirsty for the struggle left. Badly waiting to go short early next week or around closing Fri.
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  • #562
  • Jul 11, 2013 5:59am Jul 11, 2013 5:59am
Quoting ClockTrader
Just took two longs @ 1285, SL @ 1253 Don't see much upside left, little thirsty for the struggle left. Badly waiting to go short early next week or around closing Fri.
by closing Friday I agree

early next week... it's too far away for a daytrader like me
  • #563
  • Jul 11, 2013 6:00am Jul 11, 2013 6:00am
BTW my target before going short is 1327
  • #564
  • Jul 11, 2013 6:54am Jul 11, 2013 6:54am
Quoting sibajnok
{quote} by closing Friday I agree early next week... it's too far away for a daytrader like me
Usually I would target by dates & time, however, due to lack of discipline & still in learning phase in certain areas I fall in traps. Next week appears bad for Gold bulls, lets see how next week dawns & ends.
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  • #565
  • Jul 11, 2013 7:33am Jul 11, 2013 7:33am
A few weeks ago I said here that I switch my view from short to long gold and that I wanted to buy gold at 1200 but I lost my moment. Yesterday's FOMC minutes brought some volatility for the USD and the market sold the USD because Bernanke was more dovish than expected on his speech in Boston. As you know the USD has a tight connection with the yellow metal and usually when $ is up gold is down and vice-versa.
If someone is interested, here you can read my view on the movements we had yesterday in the market after the FOMC minutes were released: http://www.forex-galaxy.com/2013/07/...-to-taper.html
Buy when everyone else is selling and sell when everyone else is buying !
  • #566
  • Jul 11, 2013 7:40am Jul 11, 2013 7:40am
Quoting arenoosh
A few weeks ago I said here that I switch my view from short to long gold and that I wanted to buy gold at 1200 but I lost my moment. Yesterday's FOMC minutes brought some volatility for the USD and the market sold the USD because Bernanke was more dovish than expected on his speech in Boston. As you know the USD has a tight connection with the yellow metal and usually when $ is up gold is down and vice-versa. If someone is interested, here you can read my view on the movements we had yesterday in the market after the FOMC minutes were released:...
Even I've not been able to buy decent weight. Hang on around, there are going to be opportunities. I'm not sure about 1200 or below that though.
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  • #567
  • Jul 11, 2013 9:25am Jul 11, 2013 9:25am
Quoting ClockTrader
{quote} I'm left with two short positions :-( these were w/o SL. Right now got 9 longs & these two shots. Instead of playing short & both ways, I think I would focus on longs only, if it falls, pick longs, there would be some loss when it falls, no doubt, but, I think I should learn to live with it. Gold currently at: 1282 takytto, your charts are nice as always, thanks for uploading instead of posting image link. {quote} Didn't you want to go long?

Well that is the point i been try telling you, more efficient way to trade. Anyhow, i guess now u make more money rite. Since u short got stop loss n u long in many green Just try kill the short in weakest point u will maximize the profit already.
  • #568
  • Jul 11, 2013 9:44am Jul 11, 2013 9:44am
Tech breakout in on daily.

intraday anyone buying on weakness?
Attached Image
  • #569
  • Jul 11, 2013 10:11am Jul 11, 2013 10:11am
Quoting hadesdmc
{quote} Well that is the point i been try telling you, more efficient way to trade. Anyhow, i guess now u make more money rite. Since u short got stop loss n u long in many green Just try kill the short in weakest point u will maximize the profit already.
Yes, you are watching my positions right. I could have made much more if SL on my shots was tighter, yet, made some. Looking forward to next week for firing shots. Right now I got about 11 longs & 2 shots. net 9 longs.

Quoting jest1081
Tech breakout in on daily. intraday anyone buying on weakness? {image}
I added two longs @ ~1285 when US session began, SL 1253

edit ~~ I added two longs @ ~1285 when US session began, SL 1253
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  • #570
  • Jul 12, 2013 2:10am Jul 12, 2013 2:10am
This may probably be the last opportunity for shorting Gold, as COT numbers imply eventual reversal to bull trend.

After this time, I will be looking to long.

Regards,
RS
Attached Image(s) (click to enlarge)
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  • #571
  • Jul 12, 2013 6:06am Jul 12, 2013 6:06am
Quoting RisingSun
This may probably be the last opportunity for shorting Gold, as COT numbers imply eventual reversal to bull trend. After this time, I will be looking to long. Regards, RS {image} {image}
If this wants to fall now like that Apple, I think I would not take any action, but, only watch.
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  • #572
  • Jul 12, 2013 6:09am Jul 12, 2013 6:09am
just added another long @ 1269, SL @ 1253

Fridays can be crazy, lets see how this one treats us today.
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  • #573
  • Jul 12, 2013 7:13am Jul 12, 2013 7:13am
it now drop to 1267 is the first Support
if break,next 1260
if 1260 keep ,i will long from here!
Attached Image (click to enlarge)
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  • #574
  • Jul 12, 2013 7:42am Jul 12, 2013 7:42am
I wish we had a mate here who would keep us posted on news & its analysis. Even though at least I don't follow news, but staying wary is good for GK. Recently, I was reading an article & was deeply impressed how US economy has been recovering since 2008 fall.
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  • #575
  • Jul 12, 2013 9:42am Jul 12, 2013 9:42am
loock posts 1h meta4 my poste
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  • #576
  • Jul 12, 2013 9:48am Jul 12, 2013 9:48am
if Chinese GDP is bad what will it do to gold?
  • #577
  • Jul 12, 2013 9:57am Jul 12, 2013 9:57am
Quoting goldfinger
if Chinese GDP is bad what will it do to gold?
looking at this graph you can see that the price will still dancing down
  • #578
  • Jul 12, 2013 10:06am Jul 12, 2013 10:06am
Quoting ClockTrader
I wish we had a mate here who would keep us posted on news & its analysis. Even though at least I don't follow news, but staying wary is good for GK. Recently, I was reading an article & was deeply impressed how US economy has been recovering since 2008 fall.
Many people's saying that the price of gold goes up to 500usd 600usd I believe but when it happens to be in vain the indices of the maxima maxima example for those who do not believe the mini sp500 when you get close to 3000 points falls markets ee ai that gold will gain great strength and there we will see gold soaring every day and we will see the gold in 2000 usd 3000usd 4000usd or 5000USD for who disbelieves paste this message on your computer screen and then review.
if someone is with questions that in September the Fed will take the stimulus humm I do not believe so I believe the mini sp500 have worth 1770pontos oh yes fall and took Fed stimulus
  • #579
  • Jul 12, 2013 10:17am Jul 12, 2013 10:17am
QE is the only game in town.
  • #580
  • Jul 12, 2013 10:44am Jul 12, 2013 10:44am
Quoting goldfinger
QE is the only game in town.
Seaman2 had asked you or someone how are you analyzing QE? That person never responded back.
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