Only Gold! | Page 209 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #4,161
  • Mar 19, 2014 1:40pm Mar 19, 2014 1:40pm
Quoting richtrader
{quote} or maybe they were short and right now are too excited to see the profit ... I closed my short just before FOMC, to be safe.
Could be!
To live a successful life, we must lose our fear of being wrong
  • #4,162
  • Mar 19, 2014 2:08pm Mar 19, 2014 2:08pm
Quoting EatPIPs
With it being so quite in here after the FOMC i'm assuming most people were long and have been stopped out?
I bet on the rise in Asia session. 1337 to re test again. Long for target 1337.
  • #4,163
  • Mar 19, 2014 2:38pm Mar 19, 2014 2:38pm
Just closed some shorts (scalps), though I think I probably should have stayed in as it looks likely this will continue to melt during Asian session, and likely to continue during London tomorrow. On shorts still open, first target is 1288 and then 1250.
"The market can remain irrational longer than you can remain solvent"
  • #4,164
  • Mar 19, 2014 3:05pm Mar 19, 2014 3:05pm
Quoting Spec_And
{quote} Watch out below. {image}
Almost there, and it only took a couple of hours.
"Where you want to be is always in control, never wishing, always trading.
  • #4,165
  • Mar 19, 2014 3:22pm Mar 19, 2014 3:22pm
Quoting anton.olff
Just closed some shorts (scalps), though I think I probably should have stayed in as it looks likely this will continue to melt during Asian session, and likely to continue during London tomorrow. On shorts still open, first target is 1288 and then 1250.
Yeah my longs stopped out ages ago however after viewing PA I've reloaded the shorts for the night.

Low 20s very likely with this daily close.
To live a successful life, we must lose our fear of being wrong
  • #4,166
  • Mar 19, 2014 4:06pm Mar 19, 2014 4:06pm
Look at the current PA. I would prepare to go short around 133x. will wait for opportunity to get in.
  • #4,167
  • Mar 19, 2014 4:10pm Mar 19, 2014 4:10pm
Quoting EatPIPs
{quote} Yeah my longs stopped out ages ago however after viewing PA I've reloaded the shorts for the night. Low 20s very likely with this daily close.
Do you not expect a bounce to 1338ish during asian session?
  • #4,168
  • Mar 19, 2014 4:46pm Mar 19, 2014 4:46pm
Quoting Nitsan_Levi
Hey all I try now to take small long.. I buy...1h sma400 + pivot point. *Be careful I give you a lot of win deals with no loss so far And therefore a losing deal shold come soon because no one is right 100% {image}
I am trying to understand this trade. The Price is below all SMAs and position is buy.
Normally you open Buy position when SMA200 and SMA300 are below the Price, and SMA32 and SMA64 are above the Price? So SMA200 and SMA300 could protect Buy position.

Otherwise congrats for your trades. Only one loss and more then 10 wins. Unbelievable!!


http://www.forexfactory.com/attachme...4&d=1395221086
  • #4,169
  • Mar 19, 2014 4:47pm Mar 19, 2014 4:47pm
I think price could retrace to 1340 or even to 1345...but I added more shorts at 1330 as this elevator is likely to go down, and then some. We're likely to see 1300 by Friday's New York session, though we could also see a huge selloff in tomorrow's London/European session.

Fed Chairwoman Yellen changed the game today when she said that rates might go up 6 months after taper. The Fed is likely to start raising them sooner than that (before end of 1st quarter 2015), and likely Asian markets will react to the news when Tokyo opens.
"The market can remain irrational longer than you can remain solvent"
  • #4,170
  • Mar 19, 2014 5:31pm Mar 19, 2014 5:31pm
That was an interesting reaction that we saw from gold during Janet Yellen's announcements. It was also interesting that gold started selling off about 3 days prior. I wonder if there is a connection between the two events or if gold started selling off for a different reason and then today's testimony exacerbated the downward movement. It seemed strange that markets would have such a large reaction as they did because we already knew pretty much everything that Yellen was going to say. It looked like there were a lot of algorithms though so I'm sure that they were the culprits who drove gold down so quickly when Yellen said some key words.
  • #4,171
  • Mar 19, 2014 6:00pm Mar 19, 2014 6:00pm
Quoting namaus
On 7th March, PA downed from 1351 to 1327 and then up 12$ from 1327 to 1339 ( SPDR up to 805.2, increased 1.5tons) 10 March Down from 1340-1330 to and then up 1330->1345 (SPDR increased 7.5 tons to 812.7). One thing I can sure that SPDR can manipulated the price. The price now hovers around 134x. What do you think, guys? SPDR wait for best price and then buy more.???
Now the PA sít at 1327, the same with 7th March. Let see the support 1327. Close under 1327 we can expect the test 1300.
  • #4,172
  • Mar 19, 2014 6:03pm Mar 19, 2014 6:03pm
Quoting FXDecisive
That was an interesting reaction that we saw from gold during Janet Yellen's announcements. It was also interesting that gold started selling off about 3 days prior. I wonder if there is a connection between the two events or if gold started selling off for a different reason and then today's testimony exacerbated the downward movement. It seemed strange that markets would have such a large reaction as they did because we already knew pretty much everything that Yellen was going to say. It looked like there were a lot of algorithms though so I'm...
She said "Around SIX MONNTHS" . And the traders, broker reacts aggressively.
  • #4,173
  • Mar 19, 2014 6:45pm Mar 19, 2014 6:45pm
Quoting Mave
{quote} 1329.29 support. edit- this move confirms that this is the retrace of the bull rally.
1329???????????? support?????????????
  • #4,174
  • Mar 19, 2014 6:48pm Mar 19, 2014 6:48pm
Do we think gold will go up today
  • #4,175
  • Mar 19, 2014 7:16pm Mar 19, 2014 7:16pm
short@ 1330 SL 1333 TP 1300. hold untill friday if SL doesn't hit. Try to over come fear of keep it a little longer term.....
  • #4,176
  • Edited Mar 20, 2014 1:03am Mar 19, 2014 7:33pm | Edited Mar 20, 2014 1:03am
Quoting bernbeach
{quote} 1329???????????? support?????????????

my support and resistance levels are very weak.. i'll stick to buying and selling levels..
looking for a retrace though.. long @ 1326, tp around 1345, sl manual..


edit - added longs at 1330.5
A trade should be based on an assumption based on facts
  • #4,177
  • Mar 19, 2014 10:05pm Mar 19, 2014 10:05pm
I plan to Re-Post the below post a few times every day in order to enrich the content of this thread.

 

  1. Try to post calls and stick to them for a while. For instance I bought at this price, my SL and TP are these.
  2. All the Blah Blah Blah Blah and / or mocking fellas around you doesn't help anyone here.
  3. Newbies can continue to post their queries, people who answer their queries would be highly appreciated.
  4. If you follow news or any technical analysis, share it IF you feel like, its much better than Blah Blah Blah Blah.
  5. If your post is a one liner, try to make it look technical, rich and based on some criteria / analysis.


Thank you all for your kind contribution!

Hello World!
  • #4,178
  • Mar 19, 2014 10:13pm Mar 19, 2014 10:13pm
Quoting namaus
The MT of bullish is 132x. Should be tested. However, with the drop from 1392 to 1346 (atm), 46$ in two days. Bears are so hungry. They may become beast if grinding the support zone 132x-134x when the FOMC is coming today. Will they?
Yes, bears were beast yesterday session. Today and tomorrow, we can see or can guess the direction in near term. Close above 1327 or near 1355 could suggest the bears take some days off and will back. Lower 1327 means bears are still hungry. 1275 would be the next victim. GL all
  • #4,179
  • Mar 19, 2014 10:45pm Mar 19, 2014 10:45pm
Quoting namaus
{quote} Yes, bears were beast yesterday session. Today and tomorrow, we can see or can guess the direction in near term. Close above 1327 or near 1355 could suggest the bears take some days off and will back. Lower 1327 means bears are still hungry. 1275 would be the next victim. GL all
well read man, well read
A trade should be based on an assumption based on facts
  • #4,180
  • Mar 19, 2014 10:58pm Mar 19, 2014 10:58pm
Back to trend on gold, selling rallies; this leg has all along been suspected by many (myself included) as just another bear market rally taking the form of a big ol' bear flag; a good one nonetheless for those on the right side of it. There's good money to be made perhaps buying dips e.g. we could easily get a $20-$30 rally out of nowhere tomorrow or Friday, and I wouldn't discount the possibility of a run at the recent highs (unlikely but possible), but in general, you've got to be nimble, and lucky I think, to play this from the long side.
I am hoping that this is going right back down to the lows in the months ahead, and probably lower. It should be a reasonably simple trade to the downside, with multiple countertrend thrusts to the upside to frustrate the bears, but let's see.
I have no clue what I'm talking about.
12 traders viewing now