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Only Gold!

  • #2,761
  • Feb 27, 2014 6:32am Feb 27, 2014 6:32am
If price turns right now after this current 5M candle close the way it is, it could resume upwards from now as it has formed a perfect last kiss in todays PA.
To live a successful life, we must lose our fear of being wrong
  • #2,762
  • Feb 27, 2014 7:37am Feb 27, 2014 7:37am
My M15 says "Sell", 1322 remains challenge, if 1320 breaks, Shorts are Good!
Hello World!
  • #2,763
  • Feb 27, 2014 7:41am Feb 27, 2014 7:41am
Quoting ClockTrader
My M15 says "Sell", 1322 remains challenge, if 1320 breaks, Shorts are Good!
Someones got to win here. I closed out the shorts I started to build almost immediately this morning when the 50 fib was taken out.

Im looking at 1338 for today.
To live a successful life, we must lose our fear of being wrong
  • #2,764
  • Feb 27, 2014 7:52am Feb 27, 2014 7:52am
Let's see if Yellen can say anything to move the markets.

Does anyone remember the days of Alan Greenspan? All he needed to do was open his jaw (no words would come out) and the markets would move big time.

That's power.
  • #2,765
  • Feb 27, 2014 7:55am Feb 27, 2014 7:55am
Quoting GoldenGunner
Let's see if Yellen can say anything to move the markets. Does anyone remember the days of Alan Greenspan? All he needed to do was open his jaw (no words would come out) and the markets would move big time. That's power.
Nice & Funny for me.
Hello World!
  • #2,766
  • Feb 27, 2014 7:56am Feb 27, 2014 7:56am
Quoting GoldenGunner
Let's see if Yellen can say anything to move the markets. Does anyone remember the days of Alan Greenspan? All he needed to do was open his jaw (no words would come out) and the markets would move big time. That's power.
To live a successful life, we must lose our fear of being wrong
  • #2,767
  • Feb 27, 2014 8:00am Feb 27, 2014 8:00am
Quoting EatPIPs
{quote} I've started to build up my shorts now. Weather forecast is apparently improving in U.S. which will make the dollar strengthen in time.
I added one small gold short and 2 USD/JPY longs. If Yellen doesn't say anything beyond standard boilerplate, we could see gold near 1,300 support level. Not likely to go beyond until NFP next week.
"The market can remain irrational longer than you can remain solvent"
  • #2,768
  • Feb 27, 2014 8:00am Feb 27, 2014 8:00am
Would of thought based on PA this would of been ranging around 1335-1336 before Yellen speaks as IMO she will just push this down.
To live a successful life, we must lose our fear of being wrong
  • #2,769
  • Feb 27, 2014 8:00am Feb 27, 2014 8:00am
Quoting EatPIPs
{quote} Someones got to win here. I closed out the shorts I started to build almost immediately this morning when the 50 fib was taken out. Im looking at 1338 for today.
Yea, 1338 holds the key. Even if price gets close to it, I would say Bull are back.

On the other hand 1320-22 needs to break for Bears to take full charge.
Hello World!
  • #2,770
  • Feb 27, 2014 8:18am Feb 27, 2014 8:18am
I'm shorting to 1317.

I expect Yellen's remarks to be bearish for our pair.
  • #2,771
  • Feb 27, 2014 8:43am Feb 27, 2014 8:43am
Damm!! my broker's platform is off!! entered a trade and just about to set my SL and TP.. it went off... HAIZZZZ!! what a time!!
  • #2,772
  • Feb 27, 2014 8:56am Feb 27, 2014 8:56am
Hello! I'm love this thread.
Thanks ClockTrader EatPIPs.
You give it thread life and your analytic is better. I think you can connect your strong and create good team with more + pips
金銭欲
  • #2,773
  • Feb 27, 2014 9:21am Feb 27, 2014 9:21am
We could see 45 again ..who knows . Stopped out at 34
  • #2,774
  • Feb 27, 2014 9:23am Feb 27, 2014 9:23am
Yellen isn't saying anything new as of yet. I've closed out of my longs. Awaiting a cleaner technical picture before proceeding ahead. One small short in play.
To live a successful life, we must lose our fear of being wrong
  • #2,775
  • Feb 27, 2014 9:34am Feb 27, 2014 9:34am
I'm Long Gold - for the long term. I see this going to 2000 usd within 18 months.
Short term trading is cool, But I see a big future for Gold in the long term, especially when DJIA and SnP crash sometime this year.
Hence long for longtime! ;-)
  • #2,776
  • Feb 27, 2014 9:40am Feb 27, 2014 9:40am
Closed all my longs & shorts, made some profit. Trading both ways can be rewarding & tiring as well.
Hello World!
  • #2,777
  • Feb 27, 2014 9:41am Feb 27, 2014 9:41am
Quoting forexplay
I'm Long Gold - for the long term. I see this going to 2000 usd within 18 months. Short term trading is cool, But I see a big future for Gold in the long term, especially when DJIA and SnP crash sometime this year. Hence long for longtime! ;-)
For long term, Gold is best at these levels, as long as you can survive bumps.
Hello World!
  • #2,778
  • Feb 27, 2014 9:41am Feb 27, 2014 9:41am
Quoting ClockTrader
Closed all my longs & shorts, made some profit. Trading both ways can be rewarding & tiring as well.
Extremely tiring. Im done for the day also. Gonna let this short run.
To live a successful life, we must lose our fear of being wrong
  • #2,779
  • Feb 27, 2014 10:17am Feb 27, 2014 10:17am
Quoting ClockTrader
{quote} Nice & Funny for me.
Quoting EatPIPs
{quote}
In fact, by 2004 there was a joke going around some traders at that time: every time Mr. G farted they would buy gold (or sell the dollar - same effect).

The strategy worked really well.

  • #2,780
  • Feb 27, 2014 10:25am Feb 27, 2014 10:25am
Quoting EatPIPs
{quote} Extremely tiring. Im done for the day also. Gonna let this short run.
Yeah, seriously anemic PA, hard to monitor. Let's hope they burst into action at lunch time, after they have absorbed all the information and some more coffee.
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