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  • #721
  • Jul 22, 2013 12:17pm Jul 22, 2013 12:17pm
Quoting Darth Vader
{quote} 1330 was not big issue. Now wait reaction at 1338
it almost up for 1338....
Gold is my pleasure.
  • #722
  • Jul 22, 2013 12:19pm Jul 22, 2013 12:19pm
this thread has becoming efficient n lots of info been inputted here...the other gold thread is getting less info n quiet, i refer to major n gold....anyway nice thread both to you ClockTrader n gmomoney...
Gold is my pleasure.
  • #723
  • Jul 22, 2013 12:20pm Jul 22, 2013 12:20pm
Quoting jebataro
{quote} it almost up for 1338....
yeahhhh it is now touch 1338.75 area..fuh
Gold is my pleasure.
  • #724
  • Jul 22, 2013 1:30pm Jul 22, 2013 1:30pm
The reason the Dollar isn't on a Gold Standard is because Gold isn't flexible. There's not enough gold to account for our economy, either. I know there's a few headlines of China wanting to go back to the Gold Standard, but the same thing applies to them. They won't be able to go to war, and in fact, would probably be vulnerable, economically.
Play the players, not the cards.
  • #725
  • Jul 22, 2013 1:32pm Jul 22, 2013 1:32pm
Quoting Darth Vader
{quote} Hi Clock, USD is backed by the faith in the US, not gold. Regards
Also, the Dollar is backed by the US Military. Ever heard of the War Dollar?
Play the players, not the cards.
  • #726
  • Jul 22, 2013 1:41pm Jul 22, 2013 1:41pm
For anyone who may have been following my trade from 28 June, I have just closed my long position at 1,334 for a total of +1,410 pips. I think the 1,340 area will offer some good resistance. We have had a very good run up today, so happy to sit on the sidelines for now and see how the market reacts over the next few days. Will try keep you all posted.

On a side note, I also see a good opportunity to short the DOW. Another long term trade targeting around 1,000 pips. The market it ripe for a very healthy pullback, I don't want to miss the drop.
  • #727
  • Jul 22, 2013 2:38pm Jul 22, 2013 2:38pm
Hello everyone. Do you think the gold falls below the $ 1,280 level?
  • #728
  • Jul 22, 2013 4:20pm Jul 22, 2013 4:20pm
Quoting davidsayli
{quote} I openned a short position. Because Gold is the top of CHANNEL now!!! FIRST TARGET : 960 (in 3 months when USA decrease QE) SECOND TARGET : 860 (in 9 months when USA finish QE) THIRD TARGET : 685 ( End of 2014 when USA increase interest rate) GL {image}
1st of all it not a standard channel . secondly price at your mentioned chart showing 1327 and the price has already crossed the trend line . The 4H trend line was near 1300.
on larger time frame there are lower chart targets on Gold , But without a Lower Low ( below 1178) these targets are useless.
  • #729
  • Jul 22, 2013 4:29pm Jul 22, 2013 4:29pm
There is decent chance that low has been formed. Buying above 1300 with stop at 1180 would be decent long term trade.

CT how does this fit with your buying cycles ?
  • #730
  • Jul 22, 2013 4:35pm Jul 22, 2013 4:35pm
Quoting ClockTrader
{quote} I just closed this long (one position) @ 1333, time to hit bed, already late. Have a Good one!
Good trade . time to hit bed for me as well , my 3 micros are open from 1336 , SL @ 1341, TP @ 1317 .PA is respecting the area but bulls are still in power . so chance of S/O can easily see over there.
  • #731
  • Jul 22, 2013 4:49pm Jul 22, 2013 4:49pm
Quoting seaman2
There is decent chance that low has been formed. Buying above 1300 with stop at 1180 would be decent long term trade. CT how does this fit with your buying cycles ?
Yes you are right . but this area could be crucial . above 1350 chart is showing 1390 . and it could be a nice resistance. There is a bullish divergence on Daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Image 1.png Size: 21 KB
  • #732
  • Jul 22, 2013 5:07pm Jul 22, 2013 5:07pm
Have a look at silver chart , its also interesting. 4H showing a symmetrical and daily chart forming a Horn Bottom pattern.
Horn bottom consists of 3 lows and 2 highs so a there is a horn bottom possibility in Silver.
Attached Image (click to enlarge)
Click to Enlarge Name: silver.png Size: 20 KB
  • #733
  • Jul 22, 2013 5:37pm Jul 22, 2013 5:37pm
Quoting salman14
Have a look at silver chart , its also interesting. 4H showing a symmetrical and daily chart forming a Horn Bottom pattern. Horn bottom consists of 3 lows and 2 highs so a there is a horn bottom possibility in Silver. {image}
Interesting. What is the entry trigger & stop for this pattern ?
  • #734
  • Jul 22, 2013 10:11pm Jul 22, 2013 10:11pm
Quoting seaman2
There is decent chance that low has been formed. Buying above 1300 with stop at 1180 would be decent long term trade. CT how does this fit with your buying cycles ?
Such a long position would be worth every cent, however, if I were to go long from above 1300, I would buy only 1/4 of what I can at this point of time, so that, when it falls, I can buy more.

Quoting jebataro
this thread has becoming efficient n lots of info been inputted here...the other gold thread is getting less info n quiet, i refer to major n gold....anyway nice thread both to you ClockTrader n gmomoney...
Thanks for keeping us posted. This thread is live because of you guys. Anyone all alone won't be able to do justice to any thread.

Quoting GnarlyPips
{quote} Also, the Dollar is backed by the US Military. Ever heard of the War Dollar?
That sounds kind of funny. The way I see, USA is the peak of this world. In other words, other nations are like outskirts & country whereas USA is like downtown, center of the Earth in terms of economics, politics & of course army as well.
Hello World!
  • #735
  • Jul 23, 2013 3:06am Jul 23, 2013 3:06am
Quoting Touchdown
For anyone who may have been following my trade from 28 June, I have just closed my long position at 1,334 for a total of +1,410 pips. I think the 1,340 area will offer some good resistance. We have had a very good run up today, so happy to sit on the sidelines for now and see how the market reacts over the next few days. Will try keep you all posted. On a side note, I also see a good opportunity to short the DOW. Another long term trade targeting around 1,000 pips. The market it ripe for a very healthy pullback, I don't want to miss the drop.
Good for you mate!

Fired two shorts @ ~1333, SL @ 1339
Hello World!
  • #736
  • Jul 23, 2013 4:39am Jul 23, 2013 4:39am
Quoting salman14
{quote} Good trade . time to hit bed for me as well , my 3 micros are open from 1336 , SL @ 1341, TP @ 1317 .PA is respecting the area but bulls are still in power . so chance of S/O can easily see over there.
Going to close the 50% here.
  • #737
  • Jul 23, 2013 5:50am Jul 23, 2013 5:50am
Quoting salman14
{quote} Good trade . time to hit bed for me as well , my 3 micros are open from 1336 , SL @ 1341, TP @ 1317.
I thought your SL was @ 1336, my mistake.
Hello World!
  • #738
  • Jul 23, 2013 5:59am Jul 23, 2013 5:59am
Quoting ClockTrader
{quote} Good for you mate! Fired two shorts @ ~1333, SL @ 1339
Fired two more shorts @ 1327 & 1328 SL @ 1337
Hello World!
  • #739
  • Jul 23, 2013 6:01am Jul 23, 2013 6:01am
Quoting ClockTrader
{quote} Fired two more shorts @ 1327 & 1328 SL @ 1337
Removed SL from these last two shorts & two root longs too. Image shows how it looks like now.
Attached Image
Hello World!
  • #740
  • Jul 23, 2013 6:22am Jul 23, 2013 6:22am
Quoting ClockTrader
{quote} Removed SL from these last two shorts & two root longs too. Image shows how it looks like now. {image}
not bad !

you plan in & out & back in, or just hold ?
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