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Only Gold!

  • #2,241
  • Feb 5, 2014 7:58am Feb 5, 2014 7:58am
Quoting EatPIPs
{image}
I scalped some shorts off the 1273. Took the profits, but now sorry I didn't stay in as I think it PA will resume downward. At least we're likely to have a more clear picture of trend this week.
"The market can remain irrational longer than you can remain solvent"
  • #2,242
  • Feb 5, 2014 8:04am Feb 5, 2014 8:04am
Quoting ClockTrader
Eatpips, you are a good earner here. {quote} What looked like long turned out quite long, will post SS later.
I just set +ve SLs, a pic is worth a thousand words.
Attached Image
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  • #2,243
  • Feb 5, 2014 8:08am Feb 5, 2014 8:08am
Quoting ClockTrader
{quote} I just set +ve SLs, a pic is worth a thousand words. {image}
Why such tight stops?
"The market can remain irrational longer than you can remain solvent"
  • #2,244
  • Feb 5, 2014 8:37am Feb 5, 2014 8:37am
Quoting anton.olff
{quote} Why such tight stops?

  1. Research
  2. Training Mind
  3. Testing time based SLs
  4. Got nothing to lose

    If I had like 50-100 positions x 2K pips to reap, maybe I would think of closing these.

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  • #2,245
  • Feb 5, 2014 8:45am Feb 5, 2014 8:45am
Quoting anton.olff
{quote} Why such tight stops?
Ohhh and I forgot to mention that Adrenaline rush in my blood. Even serenity full of a kind of rush. The one you get while playing those video games sometimes.
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  • #2,246
  • Feb 5, 2014 9:02am Feb 5, 2014 9:02am
Finally, clean slate once again!
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  • #2,247
  • Feb 5, 2014 9:40am Feb 5, 2014 9:40am
My take on Gold right now , anyone in the same boat?
Attached Image (click to enlarge)
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  • #2,248
  • Feb 5, 2014 9:45am Feb 5, 2014 9:45am
Quoting Flybird
My take on Gold right now , anyone in the same boat? {image}
Upward may continue for a while.

My two gold coins.

PS: I'll call it a day now.
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  • #2,249
  • Feb 5, 2014 12:29pm Feb 5, 2014 12:29pm
Buy when Price make new high ( candle close above from previous candles) from here ..


ragards...
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  • #2,250
  • Feb 5, 2014 8:52pm Feb 5, 2014 8:52pm
Quoting adnanpervaiz
Buy when Price make new high ( candle close above from previous candles) from here .. ragards... {image}

What is your point? Pardon my knowledge, I'm very weak at charts.
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  • #2,251
  • Feb 5, 2014 9:47pm Feb 5, 2014 9:47pm
here comes the cny
children get a alot of ang pao
they get the blessing, they get the money
some into the bank, some into gold
higher demand, higher price
that's what I see for a few days to go, at least that happens in my city
  • #2,252
  • Feb 6, 2014 8:02am Feb 6, 2014 8:02am
OK...going out on a limb after EU and BOE sat on their hands. Added to shorts on spike higher after US UE claims. In at 1264 with first target of 1245 and secondary target of 1225 (moving stops to last target). Expect tomorrow's NFP to possibly spike XAU to 1288 before coming down hard.
"The market can remain irrational longer than you can remain solvent"
  • #2,253
  • Feb 6, 2014 8:04am Feb 6, 2014 8:04am
1266-1270 is being a right bitch.

Break and close 1247 + 61.8 FIB 4HR would possibly close out my longs and wait but until that its bulls all the way for me.
To live a successful life, we must lose our fear of being wrong
  • #2,254
  • Feb 6, 2014 8:56am Feb 6, 2014 8:56am
It seems there is a strong resistance on 1266. Besides favorable data gold was unable to cross this point.
  • #2,255
  • Feb 6, 2014 9:05am Feb 6, 2014 9:05am
It left behind a BIG TAIL yesterday, another tail today too at 1266, if these tails turn out authentic then my DREAM FALL is NOT FAR AWAY! These bars resemble a rocket.

Its taking me time to be sure.
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  • #2,256
  • Feb 6, 2014 9:07am Feb 6, 2014 9:07am
Quoting ClockTrader
It left behind a BIG TAIL yesterday, another tail today too at 1266, if these tails turn out authentic then my DREAM FALL is NOT FAR AWAY! These bars resemble a rocket. Its taking me time to be sure.
Maybe I could wait until Full Moon? just not sure yet.
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  • #2,257
  • Feb 7, 2014 7:33am Feb 7, 2014 7:33am
Breached 1270 again with the news. Need a nice close above it now would be perfect
To live a successful life, we must lose our fear of being wrong
  • #2,258
  • Feb 7, 2014 7:59am Feb 7, 2014 7:59am
Patience is key - just need a daily close above the blue zone for continuation.

Too much resistance there at the moment. Sellers aren't giving in still but buyers aren't walking away either.
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To live a successful life, we must lose our fear of being wrong
  • #2,259
  • Feb 7, 2014 8:04am Feb 7, 2014 8:04am
Quoting EatPIPs
Patience is key - just need a daily close above the blue zone for continuation. Too much resistance there at the moment. Sellers aren't giving in still but buyers aren't walking away either. {image}
Yes, it looks like no breaks in either direction, just a tight range until the next bit of news. Now, the first Friday in March becomes the next barometer. If NFP comes in lower than expectations, then gold is likely to trend higher, though I think price is capped around 1335, especially with the taper.
"The market can remain irrational longer than you can remain solvent"
  • #2,260
  • Feb 7, 2014 8:07am Feb 7, 2014 8:07am
Quoting anton.olff
{quote} Yes, it looks like no breaks in either direction, just a tight range until the next bit of news. Now, the first Friday in March becomes the next barometer. If NFP comes in lower than expectations, then gold is likely to trend higher, though I think price is capped around 1335, especially with the taper.
To live a successful life, we must lose our fear of being wrong
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