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Only Gold!

  • #4,861
  • Mar 27, 2014 6:06am Mar 27, 2014 6:06am
yes me too still short it tried a little come back but the market did not want too,
  • #4,862
  • Mar 27, 2014 6:07am Mar 27, 2014 6:07am
Quoting EatPIPs
{quote} Hey dude, Doing well thanks - got your PM however haven't been on FF much this week, trying to stay away TBH. Hope your well and banking the pips also
Not been able to make good money lately, guess what? Kept trying buying (light of course) from the top till bottom, lost like few % in demo a/c and about 0.1% of my net worth in real acc.

I hope I can make good moves when seasonal opportunity comes in.
Hello World!
  • #4,863
  • Mar 27, 2014 6:15am Mar 27, 2014 6:15am
Quoting ClockTrader
{quote} Not been able to make good money lately, guess what? Kept trying buying (light of course) from the top till bottom, lost like few % in demo a/c and about 0.1% of my net worth in real acc. I hope I can make good moves when seasonal opportunity comes in.
Good luck bro
To live a successful life, we must lose our fear of being wrong
  • #4,864
  • Mar 27, 2014 6:19am Mar 27, 2014 6:19am
A 'snap-back' rally could occur at any time, the problem is knowing when that will happen exactly, mission impossible if you ask me, for many traders, even the pros.
  • #4,865
  • Mar 27, 2014 6:24am Mar 27, 2014 6:24am
Ab=cd has completed. Exit my short term short..didn't add long before 1288
  • #4,866
  • Mar 27, 2014 6:26am Mar 27, 2014 6:26am
Quoting GoldenGunner
A 'snap-back' rally could occur at any time, the problem is knowing when that will happen exactly, mission impossible if you ask me, for many traders, even the pros.
What you need to know is that on the Monthly chart Suppliers have pushed the market in the zone where Demand is highest in the entire Month.

Which means that the probability of a 'snap-back' rally is at it's highest it has been in a month for as long as the market remains above 1289.43.

Cheers.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #4,867
  • Mar 27, 2014 6:38am Mar 27, 2014 6:38am
Guys, in an hour US Unemployment Claims data will come out, and so far the forecast is higher: does this mean gold will go up if actual data is really high?
  • #4,868
  • Mar 27, 2014 6:42am Mar 27, 2014 6:42am
finally i got out
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  • #4,869
  • Mar 27, 2014 6:44am Mar 27, 2014 6:44am
Quoting kitty22
Guys, in an hour US Unemployment Claims data will come out, and so far the forecast is higher: does this mean gold will go up if actual data is really high?
Jobless claims is not the important number. Its very low importance actually. Look for GDP QoQ released at the same time.
  • #4,870
  • Mar 27, 2014 6:49am Mar 27, 2014 6:49am
Quoting kitty22
Guys, in an hour US Unemployment Claims data will come out, and so far the forecast is higher: does this mean gold will go up if actual data is really high?
better than expected numbers is negative for gold.

So if Unemployment Claims should be higher than expected its positive for Gold but Since GDP numbers also lined up better GDP would be negative. So have to look which number is which way and how much. Weight more on GDP numbers since its quarterly event
  • #4,871
  • Mar 27, 2014 6:54am Mar 27, 2014 6:54am
1287-1288 should show support if this is a bulls market. From my perspective this is now the key level. News may push it up or down but PA shows buyers waiting down here.
To live a successful life, we must lose our fear of being wrong
  • #4,872
  • Mar 27, 2014 6:58am Mar 27, 2014 6:58am
Nitsan plz share ur thoughts and analysis for Gold today.
  • #4,873
  • Mar 27, 2014 7:00am Mar 27, 2014 7:00am
Quoting dashlat
finally i got out {image}
That was awesome mate!
Hello World!
  • #4,874
  • Mar 27, 2014 7:04am Mar 27, 2014 7:04am
Quoting gspajon
My simple system when applied to a daily chart has me in at what I think is the appropriate time and will most likely give an exit signal in another 3-4 weeks...that assuming this isn't just a giant bull flag...which wouldn't surprise me. For now I have 250 pips locked on a position with 650 pips open gains. No hocus pocus...just simple, logical trading. {image}
Hello World!
  • #4,875
  • Mar 27, 2014 7:12am Mar 27, 2014 7:12am
Possible 5M H&S.

No charts today sorry.
To live a successful life, we must lose our fear of being wrong
  • #4,876
  • Mar 27, 2014 7:13am Mar 27, 2014 7:13am
Quoting jackeollio
{quote} What you need to know is that on the Monthly chart Suppliers have pushed the market in the zone where Demand is highest in the entire Month. Which means that the probability of a 'snap-back' rally is at it's highest it has been in a month for as long as the market remains above 1289.43. Cheers.
Thanks jack, I've been watching your levels, they seem to be quite accurate. I'll be watching this 1289 level to see if we get a bounce or alternatively a drop to 1274.

The 1289 level also corresponds with a fib level on my charts, so we'll see if it can act as support.

I'm locked in, so whatever happens I'm good for now.
  • #4,877
  • Mar 27, 2014 7:21am Mar 27, 2014 7:21am
bulls want it pretty bad !
A trade should be based on an assumption based on facts
  • #4,878
  • Mar 27, 2014 7:23am Mar 27, 2014 7:23am
Quoting ClockTrader
{quote} Not been able to make good money lately, guess what? Kept trying buying (light of course) from the top till bottom, lost like few % in demo a/c and about 0.1% of my net worth in real acc. I hope I can make good moves when seasonal opportunity comes in.
that is why you mentioned earlier about psychological issue that very hard to go in opposite direction once position taken
P.S. Trade with the discipline of Money Management and Risk Management.
  • #4,879
  • Mar 27, 2014 7:24am Mar 27, 2014 7:24am
go long gold or buy gld april 128 call and hold it until you get 400 percent profit in your call option
he, alone, was to blame for his losses in the zero-sum game
  • #4,880
  • Mar 27, 2014 7:28am Mar 27, 2014 7:28am
Bouncing from 1291 lvls, so lvl protected than 1340 around back on cards
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