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  • #3,541
  • Mar 13, 2014 2:58pm Mar 13, 2014 2:58pm
Quoting Mave
{quote} Its related to gaming. I play CS 1.6 which is a FPS = first person shooter game. Tap fire means shooting one bullet at a time and burst means 3-4 ( or any no. of bullets you can control the recoil for) at a time. Rest, I guess you can relate it with trading. I said that because he always says GL HF = good luck have fun, which is again a gaming lingo
Yes I play "starcraft 2 heart of the swarm" to pass the time in the office when I wait for the market to move.

And yes in a multiplayer games playes use to say "GL HF" and some stuff like this
  • #3,542
  • Mar 13, 2014 4:33pm Mar 13, 2014 4:33pm
I don't understand one thing - if crisis in Ukraine is driving the gold price up, then why oil isn't going up either?

Oil is much more news sensitive and Russia is one of the biggest exporters, so the price of oil should skyrocket due to tensions and possible USA/EU sanctions to Russia. Instead, oil dropped from 112.4 to 106.9 in a week.

Does gold really go up because of Ukraine or it's driven by some other factors?
Shift happens...
  • #3,543
  • Mar 13, 2014 4:54pm Mar 13, 2014 4:54pm
Quoting blackgeorge
I don't understand one thing - if crisis in Ukraine is driving the gold price up, then why oil isn't going up either? Oil is much more news sensitive and Russia is one of the biggest exporters, so the price of oil should skyrocket due to tensions and possible USA/EU sanctions to Russia. Instead, oil dropped from 112.4 to 106.9 in a week. Does gold really go up because of Ukraine or it's driven by some other factors?
two words: short squeeze



and, your observation re crude oil is spot on...
90% of people, are wrong about 90% of everything, 90% of the time...
  • #3,544
  • Mar 13, 2014 4:55pm Mar 13, 2014 4:55pm
Quoting blackgeorge
I don't understand one thing - if crisis in Ukraine is driving the gold price up, then why oil isn't going up either? Oil is much more news sensitive and Russia is one of the biggest exporters, so the price of oil should skyrocket due to tensions and possible USA/EU sanctions to Russia. Instead, oil dropped from 112.4 to 106.9 in a week. Does gold really go up because of Ukraine or it's driven by some other factors?
http://www.reuters.com/article/2014/...A2B12V20140312 this is reason for oil drop dude.
  • #3,545
  • Mar 13, 2014 4:57pm Mar 13, 2014 4:57pm
Quoting letscry
{quote} http://www.reuters.com/article/2014/...A2B12V20140312 this is reason for oil drop dude.
not entirely correct because the panic/fear trade would be reflected in the spread between WTI (Texas) and Brent (London)... you will notice that Brent has been moving south as well...

Europe gets much of their Oil/Gas from Russia via Ukraine, so if those physical traders started getting worried about supplies, Brent should be through the roof by now, and the spread between WTI and Brent should be soaring
90% of people, are wrong about 90% of everything, 90% of the time...
  • #3,546
  • Mar 13, 2014 5:00pm Mar 13, 2014 5:00pm
Quoting theDHT
{quote} note entirely correct because the panic/fear trade would be reflected in the spread between WTI (US oil) and Brent (London)... you will notice that Brent has been moving south as well... Europe gets much of their Oil/Gas from Russia via Ukraine, so if those physical traders started getting worried about supplies, Brent should be through the roof by now, and the spread between WTI and Brent should be soaring
however, as we head into this weekend, with the Crimeans holding their referendum, its advisable to stay defensive just in-case the market opens with a major gap on Sunday night...

note that the gap in Gold from a couple of weekends ago at ~1329 still has not been filled... and markets have a propensity to fill gaps, its like a bad itch that needs to be scratched!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #3,547
  • Mar 13, 2014 5:04pm Mar 13, 2014 5:04pm
Quoting theDHT
{quote} note entirely correct because the panic/fear trade would be reflected in the spread between WTI (US oil) and Brent (London)... you will notice that Brent has been moving south as well... Europe gets much of their Oil/Gas from Russia via Ukraine, so if those physical traders started getting worried about supplies, Brent should be through the roof by now, and the spread between WTI and Brent should be soaring
ofc Russia and Ukraine events support the fall for both brent and wti but wti drop started after this news released and brent joined it after, in anyways markets always look for a reason for big moves yesterday news was just for shorting oil at both sides, this reason made ppl loose and made ppl earn a lot of Money.

in conclusion just a give market a reason to make big moves rest come after it
  • #3,548
  • Mar 13, 2014 5:10pm Mar 13, 2014 5:10pm
Quoting letscry
{quote} ofc Russia and Ukraine events support the fall for both brent and wti but wti drop started after this news released and brent joined it after, in anyways markets always look for a reason for big moves yesterday news was just for shorting oil at both sides, this reason made ppl loose and made ppl earn a lot of Money. in conclusion just a give market a reason to make big moves rest come after it
that may be true, but, if you look at a weekly chart of WTI, you will notice a massive pin bar reversal pattern from a couple of weeks ago, which also happened to be a fib retrace level... i mentioned it in a post here
truth is that crude oil has been selling off for about 7 trading days now, since before the escalation between Russia and Ukraine, there is nothing in that chart that suggests an escalation
it was selling off before the strategic reserves were released...
take it any way you like, but I have maintained the view that Russia already got what they came for (Crimea) and the rest is just Jawboning, brow beating, and rubber stamping... and soon enough it will all be over
90% of people, are wrong about 90% of everything, 90% of the time...
  • #3,549
  • Mar 13, 2014 5:14pm Mar 13, 2014 5:14pm
well i dont trade oil generally so i dont follow prices a lot i just saw the news yesterday and watched oil drop very fast, but i am sure there are more reasons for the fall like technical geopolitical etc etc, i will keep in mind your toughts and will have a look at graphs tomorrow maybe i can catch up turning back

well i am so tired today so good night to all.
  • #3,550
  • Mar 13, 2014 5:17pm Mar 13, 2014 5:17pm
Quoting theDHT
{quote} that may be true, but, if you look at a weekly chart of WTI, you will notice a massive pin bar reversal pattern from a couple of weeks ago, which also happened to be a fib retrace level... i mentioned it in a post here truth is that crude oil has been selling off for about 7 trading days now, since before the escalation between Russia and Ukraine, there is nothing in that chart that suggests an escalation it was selling off before the strategic reserves were released......

anyhow, this is a gold thread, I guess the point i was trying to make was regarding the fear trade, no asset class/instrument moves in isolation

so the headline excuse for the sell-off today was not confirmed by gold, nor was it confirmed by crude...

if gold barely moves on a day when the DOW plunges 200+ points, it certainly makes one raise an eyebrow...

90% of people, are wrong about 90% of everything, 90% of the time...
  • #3,551
  • Mar 13, 2014 6:05pm Mar 13, 2014 6:05pm
Quoting theDHT
{quote}....note that the gap in Gold from a couple of weekends ago at ~1329 still has not been filled... and markets have a propensity to fill gaps, its like a bad itch that needs to be scratched!
Hello guys, just joined the forum here but have been reading this thread for awhile,


To DHT, hasn't the 1329 gap been filled either on last friday (while on NFP) and on monday (while on asian morning session)?

Could you please explain? Thx. Pardon me if I'm mistaken.
  • #3,552
  • Mar 13, 2014 7:05pm Mar 13, 2014 7:05pm
Quoting EatPIPs
{quote} 1370 seems to be holding as support and 1374 as resistance. It's on Asia to break this again.
PA is looking beautiful to the upside at beginning of Asia session. Looking for 1377 so I can go to bed
To live a successful life, we must lose our fear of being wrong
  • #3,553
  • Mar 13, 2014 8:24pm Mar 13, 2014 8:24pm
I'll go for a quick short with tight SL
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  • #3,554
  • Mar 13, 2014 8:59pm Mar 13, 2014 8:59pm
+400 pips this week. well overbought on charts and overdue a retrace. up thousands of pips in 2 months. surely news is priced in. nothing can go to unlimited.
  • #3,555
  • Mar 13, 2014 11:00pm Mar 13, 2014 11:00pm
Quoting Nitsan_Levi
{quote} Yes I play "starcraft 2 heart of the swarm" to pass the time in the office when I wait for the market to move. And yes in a multiplayer games playes use to say "GL HF" and some stuff like this
Dude, your view is getting loads of respect =)

I love your views mate. I really love them.
Hello World!
  • #3,556
  • Mar 13, 2014 11:15pm Mar 13, 2014 11:15pm
looks it should go to that direction base on chart but do you ever think it may possible go up further as gold in such a volatile thing...
  • #3,557
  • Mar 14, 2014 12:41am Mar 14, 2014 12:41am
weird selling volüme started lets see if 1365 can hold again.
  • #3,558
  • Mar 14, 2014 12:56am Mar 14, 2014 12:56am
Quoting eliasahmar
I'll go for a quick short with tight SL {image}
good call elias regarding the time you said… well done
The good thing with the future is that it is progressively approaching...
  • #3,559
  • Mar 14, 2014 1:01am Mar 14, 2014 1:01am
Quoting spinozagr
{quote} good call elias regarding the time you said… well done
Spino, watch this fella or any fella who can give 6+ correct calls in a row.

Can you?

PS: I'll lesser around here in future.
Hello World!
  • #3,560
  • Mar 14, 2014 1:02am Mar 14, 2014 1:02am
Quoting letscry
weird selling volüme started lets see if 1365 can hold again.
letscry, my view says to stay away at the moment… is closing under the adaptive MA and both ADX and stock say "we are under pressure"...

maybe later it could be a good opportunity to buy… lets see
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The good thing with the future is that it is progressively approaching...
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