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Only Gold!

  • #2,281
  • Feb 10, 2014 9:06pm Feb 10, 2014 9:06pm
Quoting ClockTrader
{quote} As for intra-day ahead, my clock-patterns show bullish behavior ahead, however, my volume indicators show a reversal (intraday). While I won't be surprised if it touches 1300 today, I will like to scalp play ultra-light with test seeds only OR better sit on sidelines.
SL @ 1292 for shorts, SL @ 1270 for longs, this is what my analysis says so far.

If it breaches 1292, it appears it will surely remain bullish for rest of the day ahead. However, if it hovers below 1270, that will turn my sentiment bearish.
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  • #2,282
  • Edited 9:49pm Feb 10, 2014 9:38pm | Edited 9:49pm
Quoting ClockTrader
{quote} SL @ 1292 for shorts, SL @ 1270 for longs, this is what my analysis says so far. If it breaches 1292, it appears it will surely remain bullish for rest of the day ahead. However, if it hovers below 1270, that will turn my sentiment bearish.


If 1292 sustains until mid of US session ahead (Feb-11), I would be bearish for tomorrow (Feb-12), too. 1292 is the key for now. Testing 1292.

Edit: (Feb-11)*
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  • #2,283
  • Feb 11, 2014 12:54am Feb 11, 2014 12:54am
Quoting ClockTrader
{quote} If 1292 sustains until mid of US session ahead (Feb-11), I would be bearish for tomorrow (Feb-12), too. 1292 is the key for now. Testing 1292. Edit: (Feb-11)*
Looks like everything is set up pretty tight & right. I hope these short seed tests sprout well.
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  • #2,284
  • Feb 11, 2014 1:10am Feb 11, 2014 1:10am
Quoting ClockTrader
{quote} Looks like everything is set up pretty tight & right. I hope these short seed tests sprout well.
so, it will be down or up? since 1280-1282 are are support for a while..
  • #2,285
  • Feb 11, 2014 1:12am Feb 11, 2014 1:12am
Quoting ClockTrader
{quote} Looks like everything is set up pretty tight & right. I hope these short seed tests sprout well.
What's your tp?
  • #2,286
  • Feb 11, 2014 1:40am Feb 11, 2014 1:40am
Quoting trexy123
{quote} What's your tp?
I think its too early to talk about TP. These shorts have only passed test-1 on intraday level so far, yet, if you are interested in TP, please be informed that my primary intention is to hedge these shorts with longs after a couple of weeks, if these sustain.
Hello World!
  • #2,287
  • Feb 11, 2014 2:21am Feb 11, 2014 2:21am
Well it has blown through my levels overnight. I see a retrace coming back possible to the 1278.6 - 1273 level before resuming upwards.

If it returns to 1273 I will be buying more here.

If 1273 gets taken out swiftly then I can see it heading back into the 1250s.
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To live a successful life, we must lose our fear of being wrong
  • #2,288
  • Feb 11, 2014 6:57am Feb 11, 2014 6:57am
Current zone that needs a break through or collapse...
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To live a successful life, we must lose our fear of being wrong
  • #2,289
  • Feb 11, 2014 7:38am Feb 11, 2014 7:38am
Doesn't look like going down yet, most prolly it'll pierce though 1292, looks like I'll have to retry shorts tomorrow again.

CMP @ 1282
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  • #2,290
  • Feb 11, 2014 7:47am Feb 11, 2014 7:47am
Quoting ClockTrader
Doesn't look like going down yet, most prolly it'll pierce though 1292, looks like I'll have to retry shorts tomorrow again. CMP @ 1282
CMP @ 1278, closed my test shorts, just not comfy yet, Volumes & Clock settings not supporting well.
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  • #2,291
  • Feb 11, 2014 7:49am Feb 11, 2014 7:49am
Quoting ClockTrader
{quote} CMP @ 1278, closed my test shorts, just not comfy yet, Volumes & Clock settings not supporting well.
Could test low 1270s again today based on current PA
To live a successful life, we must lose our fear of being wrong
  • #2,292
  • Feb 11, 2014 7:53am Feb 11, 2014 7:53am
Quoting EatPIPs
{quote} Could test low 1270s again today based on current PA
You may be right mate, but, as you may be able to feel me, we all like to follow our technicals & fundas.
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  • #2,293
  • Feb 11, 2014 8:02am Feb 11, 2014 8:02am
Quoting EatPIPs
{quote} Could test low 1270s again today based on current PA

http://www.forexfactory.com/showthre...85#post7272685

Check this earlier post of mine, 1270 would have meant disaster for longs, a breakout.

If it seemed to be going towards 1270, I would have added shorts instead of closing them
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  • #2,294
  • Feb 11, 2014 8:04am Feb 11, 2014 8:04am
good luck my OP hehehe, this OP just for fun when market is dancing now
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  • #2,295
  • Feb 11, 2014 8:07am Feb 11, 2014 8:07am
Quoting thiando
good luck my OP hehehe, this OP just for fun when market is dancing now {image}
I see nice PA ahead, so, I would like to scalp up & down way both, apparently, no need to post scalps unless they evolve into swing positions.

This is one reason I always like to share broad level view only. Eagerly waiting for Reversal on daily, but, I have begin to wonder when will that occur.
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  • #2,296
  • Feb 11, 2014 8:12am Feb 11, 2014 8:12am
Quoting ClockTrader
{quote} http://www.forexfactory.com/showthre...85#post7272685 Check this earlier post of mine, 1270 would have meant disaster for longs, a breakout. If it seemed to be going towards 1270, I would have added shorts instead of closing them
By low 1270s I meant 1273-1272
To live a successful life, we must lose our fear of being wrong
  • #2,297
  • Feb 11, 2014 8:23am Feb 11, 2014 8:23am
It is doubtful that Yellen will alter the course already laid out. Moreover, a nervous and somewhat cautious market might want to wait before extending the range in either direction. Already scalped some shorts...but would really like to see prices rise towards 1300 so I can go super heavy in longer term shorts.
"The market can remain irrational longer than you can remain solvent"
  • #2,298
  • Feb 11, 2014 8:39am Feb 11, 2014 8:39am
Quoting anton.olff
It is doubtful that Yellen will alter the course already laid out. Moreover, a nervous and somewhat cautious market might want to wait before extending the range in either direction. Already scalped some shorts...but would really like to see prices rise towards 1300 so I can go super heavy in longer term shorts.

If you are hard bent towards shorts, fine, BUT, I would suggest you to sow ultra light short seeds only so that you can place SL far far away.

Quoting EatPIPs
{quote} By low 1270s I meant 1273-1272

CMP @ 1280, my technicals reversed a while back, that's when I decided to close my test shorts. Even 1272-73 was not possible as per my calc. Clock never supported going short today. So you know. Have fun making money.
Hello World!
  • #2,299
  • Feb 11, 2014 8:43am Feb 11, 2014 8:43am
Quoting ClockTrader
{quote} If you are hard bent towards shorts, fine, BUT, I would suggest you to sow ultra light short seeds only so that you can place SL far far away. {quote} CMP @ 1280, my technicals reversed a while back, that's when I decided to close my test shorts. Even 1272-73 was not possible as per my calc. Clock never supported going short today. So you know. Have fun making money.
Yeah scrap that what I said about low 1270s. I was going back to the lower time frames - something I NEVER usually do.

4HR showing fib support now.

The basis on the 1270s was to maybe take some small shorts but it didn't play out so just back to normal strategy now.
To live a successful life, we must lose our fear of being wrong
  • #2,300
  • Feb 11, 2014 8:43am Feb 11, 2014 8:43am
Quoting ClockTrader
{quote} If you are hard bent towards shorts, fine, BUT, I would suggest you to sow ultra light short seeds only so that you can place SL far far away. {quote} CMP @ 1280, my technicals reversed a while back, that's when I decided to close my test shorts. Even 1272-73 was not possible as per my calc. Clock never supported going short today. So you know. Have fun making money.

You are correct. I don't see trend being any different than it was in December when gold was 1180. I think this current movement towards 1300 is just a retracement and that longer term trend will continue. Moreover, I have been making money on shorts...and a few longs...but I am going to go hard and deep on shorts, as I see gold prices moving down towards 1,000 later this year.
"The market can remain irrational longer than you can remain solvent"
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