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  • #3,041
  • Mar 5, 2014 8:52am Mar 5, 2014 8:52am
Quoting GoldenGunner
Short pistols from 1340 pointing south, fasten your set belts.
Although I'm not going to rule out another final stab at 1340/2, very choppy out there.
  • #3,042
  • Mar 5, 2014 8:58am Mar 5, 2014 8:58am
Quoting ClockTrader
While I'm open to any direction, but, I'll try to think in a creative manner. A small spike in the South and thereafter a nice bounce would be much appreciated. I really don't mind if it goes in either direction, I am pretty set.
That would work out perfect for your positions
To live a successful life, we must lose our fear of being wrong
  • #3,043
  • Mar 5, 2014 9:01am Mar 5, 2014 9:01am
bad news for usd, but gold doesn't want to go north!!!
If you do not know who you are, the Forex is the worst place to find you
  • #3,044
  • Mar 5, 2014 9:03am Mar 5, 2014 9:03am
I opened long position near the 1333 level. It seems to that while the 200h SMA holds for last 8 hours or so it could mean people are stocking their portfolios with gold and it will be pushed higher. I'm also convinced that the Ukraine crisis won't be resolved fast with great potential to worsen.
  • #3,045
  • Mar 5, 2014 9:03am Mar 5, 2014 9:03am
Quoting skassacomput
bad news for usd, but gold doesn't want to go north!!!
51.3 was expected. Not going to move the market in a huge way.
To live a successful life, we must lose our fear of being wrong
  • #3,046
  • Mar 5, 2014 9:04am Mar 5, 2014 9:04am
Quoting ClockTrader
While I'm open to any direction, but, I'll try to think in a creative manner. A small spike in the South and thereafter a nice bounce would be much appreciated. I really don't mind if it goes in either direction, I am pretty set.
Beautiful price action right now, if it gets into my range again, I'm going short again (small lots) - 1345 would be very nice.
  • #3,047
  • Mar 5, 2014 9:08am Mar 5, 2014 9:08am
Quoting GoldenGunner
{quote} Beautiful price action right now, if it gets into my range again, I'm going short again (small lots) - 1345 would be very nice.
Are you looking at the same charts as me? Where is the "beautiful PA" ?
To live a successful life, we must lose our fear of being wrong
  • #3,048
  • Mar 5, 2014 9:11am Mar 5, 2014 9:11am
With poor ADP and ISM prints, we could see a run up 1343-1345, before Beige Book later.
"The market can remain irrational longer than you can remain solvent"
  • #3,049
  • Mar 5, 2014 9:17am Mar 5, 2014 9:17am
Quoting EatPIPs
{quote} 51.3 was expected. Not going to move the market in a huge way.
on forexfactory was expected 53.8...it isn't correct?
If you do not know who you are, the Forex is the worst place to find you
  • #3,050
  • Mar 5, 2014 9:21am Mar 5, 2014 9:21am
Quoting EatPIPs
{quote} Are you looking at the same charts as me? Where is the "beautiful PA" ?
It depends what you regard as beautiful, the bounce off 1334 is nice to me, as it gives me chance to go short again.

Beauty is in the eye of the beholder as the saying goes.
  • #3,051
  • Mar 5, 2014 9:27am Mar 5, 2014 9:27am
the ism data was the lowest in 48 months
  • #3,052
  • Mar 5, 2014 9:34am Mar 5, 2014 9:34am
Quoting GoldenGunner
{quote} It depends what you regard as beautiful, the bounce off 1334 is nice to me, as it gives me chance to go short again. Beauty is in the eye of the beholder as the saying goes.
Fair play. You must be working on LTF charts.
To live a successful life, we must lose our fear of being wrong
  • #3,053
  • Mar 5, 2014 9:35am Mar 5, 2014 9:35am
Quoting skassacomput
{quote} on forexfactory was expected 53.8...it isn't correct?
My news feed showed 51.3 5 min prior to release.
To live a successful life, we must lose our fear of being wrong
  • #3,054
  • Mar 5, 2014 9:45am Mar 5, 2014 9:45am
Quoting ClockTrader
While I'm open to any direction, but, I'll try to think in a creative manner. A small spike in the South and thereafter a nice bounce would be much appreciated. I really don't mind if it goes in either direction, I am pretty set.

Looks like market has trashed my view. I cut some of my naked longs (in green) after that small spike up for day trading, even took nice profit at the bottom from a short (from 1252). I still have some naked longs. I wish I could add longs if Au had exhibited a small spike in the Southern direction & then a bounce. Little profit is better than no profit.

@ 1339, Price is inching towards 12:00 pm NY EST, I don't know if there is any action left OR they wanna move the price after people go sluggish & lazy after 12 pm EST. I'm almost done for today.

Attached here is the Daily Clock band again, not much volatility with respect to band, none of the borders have broken so far. I'd call it sideways Lackluster PA
so far.
Attached Image (click to enlarge)
Click to Enlarge Name: DCB-Mar-05-2014.png Size: 31 KB
Hello World!
  • #3,055
  • Edited 10:22am Mar 5, 2014 10:07am | Edited 10:22am
Before I call it a day, I would like to share one more view which is deeply inclined towards my naked shorts, it actually respects them.

Focus on the Red horizontal bar. I have picked some key hr patterns to draw this bar. Most of the bar weight of last 24+ hrs has been falling above this. IF it had to go South that would have been in the form of short lived spike, given the weight of bars (edit).

Now what does this mean? It looks like going North, Caution would be exercised.

PS: Please respect my privacy & secrecy on how I pick key hrs etc. I've spent tons of time & money over the years in discovering these out of the box skillsets.
(edit)
Attached Image
Hello World!
  • #3,056
  • Mar 5, 2014 10:17am Mar 5, 2014 10:17am
Consult the transaction master some problems
1：How do I judge trading direction using the average system？eg:1min or 5min.I like super short-term trading
2：How to judge the stop loss？Looking forward to your answer
thanks first
zhiyong.jia come from chinese.
  • #3,057
  • Mar 5, 2014 11:10am Mar 5, 2014 11:10am
looks for today gold will stay below 1340.
  • #3,058
  • Mar 5, 2014 2:07pm Mar 5, 2014 2:07pm
Quoting ClockTrader
Before I call it a day, I would like to share one more view which is deeply inclined towards my naked shorts, it actually respects them. Focus on the Red horizontal bar. I have picked some key hr patterns to draw this bar.
You are very mysterious person...

I think, I figured out, what is your red bar and the band, ... but lets respect your privacy.
My chart has similar things on it, but i am not always make good judgements, how to trade it.
This area on chart can be tricky . Especially for scalping.

I looking forward to see, how you trade it. :nerd:

Good luck !
  • #3,059
  • Mar 5, 2014 2:18pm Mar 5, 2014 2:18pm
HI ALL

I was today in a "fun day" and from the start of the week I short the USOIL you can see here

http://www.forexfactory.com/showthre...418985&page=26

In the gold the pic not so clear...so i move all my stop to zero and wait to see what will happent...
price can fall now to 1300 and then to 1285 or go up to 1385,,,,,the chart in weekly and monthly look very short...and some other time frame look long
and the pic is very confusing.....so again i move all the stops in all my long postion in gold to zero...
and if i take a new postion its will be in only small time frame and it can be short or long....

GL HF
  • #3,060
  • Mar 5, 2014 5:26pm Mar 5, 2014 5:26pm
Bull & Bear are both take a break on large battlefield

however, there could be a small attack soon
Attached Image(s) (click to enlarge)
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