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  • #6,321
  • Apr 8, 2014 7:48am Apr 8, 2014 7:48am
Quoting waleed.khan
{image} gold resisting on 150EMA 4 hr chart! :S
well, nitsan just gave signal to go short TP @1295
  • #6,322
  • Apr 8, 2014 7:52am Apr 8, 2014 7:52am
Quoting richtrader
{quote} well, nitsan just gave signal to go short TP @1295
really??? I can accept a fall to 1300 but not 1295...With russian situation its a psychological level 1300??? Lets see what happens I'm gonna hold my buy and trail to stop loss of 1306!
  • #6,323
  • Apr 8, 2014 7:54am Apr 8, 2014 7:54am
Quoting samalmoore
Hey guys, I received a pm asking for the analysis I based my GBPJPY call on, VERY simple a bearish rectangle: http://samuraitradingacademy.com/7-b...tion-patterns/ this pattern has a 79% success rate, fairly decent odds! Bear in mind this could reverse now because we are meeting resistance from the H1 EMA20 and NY is about to open - who knows what will happen!! To all newbies - I am not a successful trader, I can make decent calls sometimes by my money management and trading psychology are shite!!! (Just check my trade explorer)....

uuum maybe there's a third top missing for the bearish rectangle, GBP/JPY might be forming it right now OR a triple bottom.
  • #6,324
  • Apr 8, 2014 7:59am Apr 8, 2014 7:59am
Quoting Monkeybuss
{quote} uuum maybe there's a third top missing for the bearish rectangle, GBP/JPY might be forming it right now OR a triple bottom.
The possibilities are endless It does look like it's heading back north though!
  • #6,325
  • Apr 8, 2014 8:07am Apr 8, 2014 8:07am
Quoting waleed.khan
{quote} really??? I can accept a fall to 1300 but not 1295...With russian situation its a psychological level 1300??? Lets see what happens I'm gonna hold my buy and trail to stop loss of 1306!
I'm with you on that, but even 1300 doesn't seem possible. Your trailing stop at 1306 would be a good buying level tbh.
1321 upwards. Where do you think it will close?
  • #6,326
  • Apr 8, 2014 8:10am Apr 8, 2014 8:10am
Quoting Polaris4dy
{quote} If it close at this price, there is a long tail upward..canshort with tight SL
Tail isn't long enough...looking for an inverted hammer for confirmation...Maybe also spinning top...? actually a spinning top could mean continuation of run in the latter part of the day.

But this market cannot fall below 1300 today!
  • #6,327
  • Apr 8, 2014 8:16am Apr 8, 2014 8:16am
13113 was totally rejected twice today
A trade should be based on an assumption based on facts
  • #6,328
  • Apr 8, 2014 8:25am Apr 8, 2014 8:25am
Quoting waleed.khan
{quote} Tail isn't long enough...looking for an inverted hammer for confirmation...Maybe also spinning top...? actually a spinning top could mean continuation of run in the latter part of the day. But this market cannot fall below 1300 today!
In line with your view. IF it does get close to 1305 or around that, it should be an opportunity to buy with SL around 1298-1300

Even I don't see it going below 1300, tomorrow maybe, but not today.
Hello World!
  • #6,329
  • Apr 8, 2014 8:28am Apr 8, 2014 8:28am
Careful of shorts guys, price has been supported above 1310 (which happens to be the 20day EMA) for 5 hours now... Not saying it won't happen but it does look less and less likely...

Attached Image (click to enlarge)
Click to Enlarge Name: goldmicroh1.png Size: 45 KB
  • #6,330
  • Apr 8, 2014 8:36am Apr 8, 2014 8:36am
Quoting ClockTrader
{quote} In line with your view. IF it does get close to 1305 or around that, it should be an opportunity to buy with SL around 1298-1300 Even I don't see it going below 1300, tomorrow maybe, but not today.
looking a t 1308 to add long. see how it pans out lower time chart gl
  • #6,331
  • Apr 8, 2014 8:39am Apr 8, 2014 8:39am
Quoting ClockTrader
{quote} In line with your view. IF it does get close to 1305 or around that, it should be an opportunity to buy with SL around 1298-1300 Even I don't see it going below 1300, tomorrow maybe, but not today.
Indeed 1305/6 area is good resistance and definitely worth another buy! thanks CT!
  • #6,332
  • Apr 8, 2014 8:50am Apr 8, 2014 8:50am
1302/03 would be a good buy. if it goes down/
A trade should be based on an assumption based on facts
  • #6,333
  • Apr 8, 2014 8:57am Apr 8, 2014 8:57am
Quoting namaus
For more bullish, the good Sup is around 1307-1311, consolidate there. We could see the run +25$ a day.
My 2 cent view.
  • #6,334
  • Apr 8, 2014 9:22am Apr 8, 2014 9:22am
Quoting Mave
1302/03 would be a good buy. if it goes down/
I doubt its going that down today.
Hello World!
  • #6,335
  • Apr 8, 2014 9:32am Apr 8, 2014 9:32am
Quoting ClockTrader
{quote} I doubt its going that down today.
The long trade is looking good...but how far will it go?
  • #6,336
  • Apr 8, 2014 9:41am Apr 8, 2014 9:41am
i see a lot of gessing here.
what exactly is your system telling you about going long or short_?
my system is telling me to buy. based in the daily chart
he, alone, was to blame for his losses in the zero-sum game
  • #6,337
  • Apr 8, 2014 9:44am Apr 8, 2014 9:44am
Hey guys, ive been following this thread very closely and i adore all your knowledge on gold(be it technical, and sentimental). I was wondering whether any of you guys thinking of creating a more convenient way of giving calls/opinion/reference like a whatsapp group perhaps? I cant always check FF :/
cheers to all the friendly members here.
www.bawangarmy.com
  • #6,338
  • Apr 8, 2014 9:45am Apr 8, 2014 9:45am
Quoting uncletrumpet
{quote} The long trade is looking good...but how far will it go?
If you are talking about the call from Free Forex Signals [Gold] you received today (assuming you took longs from 1298-1300) either you can close the trades on your own, OR you can wait for my email.
Hello World!
  • #6,339
  • Apr 8, 2014 9:50am Apr 8, 2014 9:50am
Quoting kamal.yazid
Hey guys, ive been following this thread very closely and i adore all your knowledge on gold(be it technical, and sentimental). I was wondering whether any of you guys thinking of creating a more convenient way of giving calls/opinion/reference like a whatsapp group perhaps? I cant always check FF :/ cheers to all the friendly members here.
i agree...CT has started a signal service...but I seriously think twitter is the best and fastest way to communicate...lets all match up on twitter also?
  • #6,340
  • Apr 8, 2014 9:51am Apr 8, 2014 9:51am
Quoting ClockTrader
{quote} I doubt its going that down today.
how about tomorrow, or after tomorrow?
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