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Only Gold!

  • #3,681
  • Mar 16, 2014 1:27pm Mar 16, 2014 1:27pm
Quoting VonBoyan
{quote} well. in my humble opinion.. gold is finally got out of that downtrend after 2 years.. my honest opinion is gold will be bullish but there will be a lot of obstacle in between.. from a trader point of view.. and from a technical point of view.. gold can push up to the 1400 masses but it can retrace down to as low as 1300 or even 1280 area too.. before proceeding upward again..so it really depends on what type of investors u are looking at madam.. even if u read analysis by top experts.. they have different views on gold for this year.. example,...
Thanks so much VonBoyan. Just one clarification i am Male. I wish your analysis come true as i have started to sell gold from 1382 next sell is placed at 1420.
  • #3,682
  • Mar 16, 2014 1:39pm Mar 16, 2014 1:39pm
Hope all doing good here ! gold target short was 10322 for long time but to trim it at 1200 as double bottom making happen to more correct or even bounce if happen will not surprise ! done enough> impossible to possible already. anyway the intention to low target will again may grow to 1032 but 6 months to year may take if ! now target remain at top so far .This is crazy bounce attempt & so may not any correction before it reach min target levels > 1433/1488 , yes 1398 is a level to care . remember it is in a bear set up & so good bear leg may come any time too
thanks , take care .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #3,683
  • Mar 16, 2014 1:42pm Mar 16, 2014 1:42pm
Hi, hamid shah how r u ? iam from pak and iam new in this forex trading kindly give me some ideas or tip for trading gold .
  • #3,684
  • Mar 16, 2014 1:46pm Mar 16, 2014 1:46pm
Ok all, its a lillte more than 3 more hours till the market opens for the week.. my charts are as follows: only for those who believe in MA(moving averages)..

1) on daily chart: sma 200 is currently at 1401 area, 10sma is at 1355 area ( almost the centre of bollinger bands for those who uses bollinger band) and 55 sma is at 1300 area

2) weekly chart: 55sma is at 1420 area and 10sma is at 1300 area and 300sma is at 1325 area..

my positions:

2 half positions short at 1385, another 2 half positions sell limit at 1401 area and SL above 1420 area as i believe that weekly chart 55sma at 1420 area is strong... TPs are depending on market.. will close half positions when market in favour of at least 1 to 1 RR and set SL to BE on the other half and let it rock and roll!! if that happens, i safely know that i do not make a loss.. if SL taken out.. then, i fight another battle again..

if this humble opinion of mine is not to anyone's opinion.. just ignore it..

forex is something that subject to changes everytime via news, datas and/or big time intervention.. tech and fundamentals should balance up.. none of which should be left out.... and as a trader, we should adapt to that changes too.. cut loss if we have to sometimes to preserve our margin to last another trade.. but if in profits, do take as much pips as possible.... cheers and good luck..
  • #3,685
  • Mar 16, 2014 1:46pm Mar 16, 2014 1:46pm
Quoting VonBoyan
{quote} yups.. i totally agree that it will be complicated for gold next week as not only this but fomc also in the line.. if u are long or short.. trade light sir and protect by using SLs.. if u are not in positions.. then all the better as gold will paint a clearer picture soon enough.. just my humble opinion only.. cheeers!!
thx for advice, actually i am adding longs whenever it pullsback untill it breaks 1365 to downside or 1360, i have been saying to buy this shiny coz i beleive we gona have a golden cross so soon like 3 days or whatever which will carry prices to 1420 area, double bottom 1180 was nice i joined rally to upside after 1330 area and thinking of holding my positions untill i see a down movement at cot reports or sp500 above 1880.
  • #3,686
  • Mar 16, 2014 1:48pm Mar 16, 2014 1:48pm
Quoting hamidshah.pk
{quote} Thanks so much VonBoyan. Just one clarification i am Male. I wish your analysis come true as i have started to sell gold from 1382 next sell is placed at 1420.
OH MY GOD!! i am so sorry sir.. so very sorry for the mistake.. it was really an honest mistake on my part.. for a while there, i thought it was hamidah ( a malay women's name) i wish u could forgive me.. so sorry again
  • #3,687
  • Mar 16, 2014 1:54pm Mar 16, 2014 1:54pm
if sp 500 makes a close under 1800 and 1750 after that this means stock markets will collapse and demand to safe will go higher and this will take gold prices higher swiss franc higher and yen higher why dollar not higher coz us will have huge prblms if stock markets collapse...

see pic it is preparing a golden cross which is 50 ma crosses 200 ma and what ever it is gold dollar or stocks wont matter this thing carry prices much higher and higher on long term.
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  • #3,688
  • Mar 16, 2014 1:56pm Mar 16, 2014 1:56pm
Quoting letscry
{quote} thx for advice, actually i am adding longs whenever it pullsback untill it breaks 1365 to downside or 1360, i have been saying to buy this shiny coz i beleive we gona have a golden cross so soon like 3 days or whatever which will carry prices to 1420 area, double bottom 1180 was nice i joined rally to upside after 1330 area and thinking of holding my positions untill i see a down movement at cot reports or sp500 above 1880.
hahahaha.. i saw your post on the golden cross sir/madam, .. it was a nice one which i oversaw and when i read your post previously, i checked again.. phew!! thank god it has not crossed yet.. hehehe.. thats my partial reason i go short actually, besides price almost touching my MAs in my chart that i believe will retrace, i also believe that once the golden cross touches it other.. gold will take a "break" out of exhaustion of a long rally since december..

again, i might be wrong in my analysis, but thats my best bet as according to me.. thanks for the post previously.. it helps..
  • #3,689
  • Mar 16, 2014 1:58pm Mar 16, 2014 1:58pm
Quoting letscry
{quote} thx for advice, actually i am adding longs whenever it pullsback untill it breaks 1365 to downside or 1360, i have been saying to buy this shiny coz i beleive we gona have a golden cross so soon like 3 days or whatever which will carry prices to 1420 area, double bottom 1180 was nice i joined rally to upside after 1330 area and thinking of holding my positions untill i see a down movement at cot reports or sp500 above 1880.
oh btw, when i mean 'hahahahaha' i was not laughing at u.. dun get misunderstood ya.. it was a laugh of relief on my side..
  • #3,690
  • Mar 16, 2014 2:00pm Mar 16, 2014 2:00pm
Quoting VonBoyan
{quote} OH MY GOD!! i am so sorry sir.. so very sorry for the mistake.. it was really an honest mistake on my part.. for a while there, i thought it was hamidah ( a malay women's name) i wish u could forgive me.. so sorry again
No problem at all dear, we are here as a group from all over world and we cannot judge anyone from name. You are right Hamidah or Hameedah these two are female names.
  • #3,691
  • Mar 16, 2014 2:01pm Mar 16, 2014 2:01pm
heheh no prblms if u hahaha dude i left getting angry at forums long long time ago, i respect everyones opinion if they dont care i dont care aswell have enough age to pass these
just care with your shorts untill we break down 1360-1365 area if we havea pullback to that area i will add some more longs with sl 1350 after that i can close my longs at 1345 i guess, i hope i can keep them till 1530 or smthng like that
  • #3,692
  • Mar 16, 2014 2:03pm Mar 16, 2014 2:03pm
btwn guys i read a report about fx traders at Bloomberg it says biggest banks trading with fx business now trade with %63 algos and %37 with human traders this means techs are more and more in game.
  • #3,693
  • Mar 16, 2014 2:08pm Mar 16, 2014 2:08pm
Quoting letscry
heheh no prblms if u hahaha dude i left getting angry at forums long long time ago, i respect everyones opinion if they dont care i dont care aswell have enough age to pass these just care with your shorts untill we break down 1360-1365 area if we havea pullback to that area i will add some more longs with sl 1350 after that i can close my longs at 1345 i guess, i hope i can keep them till 1530 or smthng like that
Mr Hamidshah, i thank u sincerely for the understanding

Letscry, yes sir/madam.. i did not mention actually about my TP as i like to close manually when i see the the price moves to that direction..

i also agree on the 1360-1365 area as a chance to close shorts and add longs as on my hourly chart 55sma is around that area.. thanks for the reminder..
  • #3,694
  • Edited 2:24pm Mar 16, 2014 2:09pm | Edited 2:24pm
look at this weekly chart and see importance of 1310-1300 and 1420-1430 areas highlighted blue.

when it trys to break 1430 at 2010 for several weeks than it skyrocket after that it droped and 1300 was support than may 2013 it tried to break several weeks but couldnt than break 1300 and bang we hit 1180 and now it is gona re test it i guess so if it breaks get on boat to long side i say.
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  • #3,695
  • Mar 16, 2014 2:10pm Mar 16, 2014 2:10pm
Quoting VonBoyan
{quote} Mr Hamidshah, i thank u sincerely for the understanding Letscry, yes sir/madam.. i did not mention actually about my TP as i like to close manually when i see the the price moves to that direction.. i also agree on the 1360-1365 area as a chance to close shorts and add longs as on my hourly chart 55sma is around that area.. thanks for the reminder..
you welcome (male)
  • #3,696
  • Mar 16, 2014 2:22pm Mar 16, 2014 2:22pm
Quoting letscry
look at this weekly chart and see importance of 1310-1300 and 1420-1430 areas highlighted blue. when it trys to break 1430 at 2010 for several weeks than it skyrocket after that it droped and 1300 was support than may 2013 it tried to break several weeks but couldnt than break 100 and bang we hit 1180 and now it is gona re test it i guess so if it breaks get on boat to long side i say. {image}

hahahaha.. yes SIR!! it looks like we are almost telling the same story here about the price ya.. but in a different way of course.. hehehehe.. it coincides with my post on my MAs.. yes.. the hint is strong.. it almost like history repeating itself..

i hinted 1420 as my SLs and 1300/1280 as my support in the form of my MAs as according to my post..

well hopefully it plays out accordingly.. short/medium term traders and scalpers will benefit from these levels if it plays out like this.. and when it GOLD finally releases its wrath, long term traders will benefit more.. thats the beauty of forex if we are in the correct path..

anyway, after so many years of trading.. it still thrills me to watch the charts for hours in a day.. until my wife gives up asking me out for a dinner date.. hehehehehe.. but i always make it up to her when i have achieved my monthly target and rest for a few days or so.. hehehehehehe..
  • #3,697
  • Mar 16, 2014 2:23pm Mar 16, 2014 2:23pm
http://www.zerohedge.com/news/2014-0...spells-trouble must read guys.
  • #3,698
  • Mar 16, 2014 2:24pm Mar 16, 2014 2:24pm
Evening all,

Just dropping by to see what has been happening here since Friday

Glad to see VonBoyan participating in the thread now - good on you dude.

Markets are going to be tricky this week. My advice to all trading Gold is to watch Asian and Europe session tomorrow (Monday) as this will be IMO the most unsettled. If you are planning on buying or selling, don't unless you are satisfied with your positions otherwise you are gonna get whipped.

I don't have any open positions from last week. Long or short is a gamblers guess right now.

If I were to short the market right now, it would only be intraday to scalp 500-800 pips however buying on support is more what I am looking for. The previous major resistance zones this year have not been respected as they should have been technically indicating that the next levels are not "safe" either.

You can see my view here

Trade safe and trade light.
To live a successful life, we must lose our fear of being wrong
  • #3,699
  • Mar 16, 2014 2:35pm Mar 16, 2014 2:35pm
Quoting EatPIPs
Evening all, Just dropping by to see what has been happening here since Friday Glad to see VonBoyan participating in the thread now - good on you dude. Markets are going to be tricky this week. My advice to all trading Gold is to watch Asian and Europe session tomorrow (Monday) as this will be IMO the most unsettled. If you are planning on buying or selling, don't unless you are satisfied with your positions otherwise you are gonna get whipped. I don't have any open positions from last week. Long or short is a gamblers guess right now. If I were...
hI EatPips.. 5 words for u.."GLAD TO SEE U SIR".. well, i joined FF early this month after a few months of observing this thread.. and i saw how CT, yourself and a few others share your thoughts/opinions that is very beneficial to other traders.. gold traders i mean.. and when i see mr. Nitsan posts that have somewhat similarity to my trading strategy.. i decided to subscribed to FF and joined in the fun to Rock and Roll!! hehehehehe.. no, i dun know mr Nitsan personally or any of u here but my respect for him, u , CT and a few others are BIG.. simply because of this thread.. unlike some other thread that i observe.. this thread really helps other traders "combat" against the market.. the only enemy for us traders is the "MARKET".. not amongst ourselves.. u guys in here ROCKS!! like i said in my first ever post.. i was a lonely stranger(trader) fighting the market myself before but with this thread.. i found reinforcements from many angles in the form of opinions and analysis.. thank GOD and thank u..ALL!!
  • #3,700
  • Mar 16, 2014 2:36pm Mar 16, 2014 2:36pm
Ukraine and Russia agree truce as Crimea votes in referendum

http://www.theguardian.com/world/201...mea-referendum
90% of people, are wrong about 90% of everything, 90% of the time...
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