looks like it wants to short ?? 1302.8 this is a little early, so sl is manage for now my 25 is crossing the 14 ema that tells me it wants to short but a little early, ??/
- #7,143
- Apr 15, 2014 2:16pm Apr 15, 2014 2:16pm
- Joined Sep 2009 | Status: Trader | 1,027 Posts
Tomorrow or after that should we have a bear candle, at least that I am trying to catch. Before 1334 I will not short and I will stay away. From there it should come back to this level at least, imo. If no daily bear bear candle until 1342, than I will take a full boat with shorts
I was busy today and didn't watched the chart, news didn't made any at Gold. Blah, and I have predicted and knew it and would risk on this a lot. I would earn a huge amount.
I know it will be more setups, later, after a few weeks maybe.
I want to buy PATIENCE
- #7,146
- Apr 15, 2014 5:40pm Apr 15, 2014 5:40pm
- Joined Feb 2012 | Status: On a Pip Diet | 1,806 Posts
To live a successful life, we must lose our fear of being wrong
Dave Kranzler reports on the latest manipulation of the gold price............. (4/15/2014)
Shortly after the Shanghai gold market closed last night, the market manipulators went to work on the gold price. Gold was taken down another $20 during the morning trading in London, primarily in three HFT trading induced “mini flash crashes.” There were not any related news reports or events that would have triggered the relentless selling of paper gold (Comex futures via the Globex system and LBMA forward
contracts).
As soon as the Comex floor trading opened at 8:20 a.m. EST, nearly 4,000 contracts were dropped instantaneously onto the floor and into the Globex system. This is over a half a billion dollars worth of gold – over 10 tonnes of paper gold – in a nano-second. This amount represents 47% of the amount of actual physical gold that was reported to be available for delivery by the Comex yesterday. The sudden burst in volume halted the Comex computer system for 10 seconds.
The contract bomb caused an immediate $16 plunge in the price of gold. Over a period of 7 minutes from the time the Comex opened, over 14,000 contracts traded. This represented over 18% of the total volume in Comex contracts that had traded in the previous 14 hours of trading starting at 6 p.m. EST the night before.
Obviously this is was intentional and determined selling of paper gold for the purposes of driving the price a lot lower. The news reported over the last 24 hours, if anything, should have caused the price of gold to move higher. This includes the re-escalation of the events in Ukraine, an inflation report released this morning which showed that the rate of inflation in March was double the rate that was expected by Wall Street forecasters and a report of manufacturing activity in the northeast which was significantly lower than expected.
It is no coincidence that today is the anniversary date of last year’s $200 price plunge in gold. In fact, about a week prior to last year’s intervention operation, a series of bearish articles and Wall Street analyst reports started hitting the newswires, similar to the flurry of news reports that were released last night. It is painfully obvious to anyone paying attention that there is a serious effort being conducted by the Fed, the U.S. Government and the big banks to hold down the price of gold.
The reason for this is that the U.S. Government is growing more desperate by the day to prop up the stock market and the U.S. dollar. Russia and China have been announcing a series of deals between each other and with several other large trading partners to begin conducting oil and gas trade using their respective currencies, thereby completely bypassing the use of the U.S. dollar. It is clear that far and middle eastern countries are working to systematically scale down and phase out the world’s reliance on the U.S. dollar .
So,guys trade safely and wisely............manipulated market playing against you....
Shortly after the Shanghai gold market closed last night, the market manipulators went to work on the gold price. Gold was taken down another $20 during the morning trading in London, primarily in three HFT trading induced “mini flash crashes.” There were not any related news reports or events that would have triggered the relentless selling of paper gold (Comex futures via the Globex system and LBMA forward
contracts).
As soon as the Comex floor trading opened at 8:20 a.m. EST, nearly 4,000 contracts were dropped instantaneously onto the floor and into the Globex system. This is over a half a billion dollars worth of gold – over 10 tonnes of paper gold – in a nano-second. This amount represents 47% of the amount of actual physical gold that was reported to be available for delivery by the Comex yesterday. The sudden burst in volume halted the Comex computer system for 10 seconds.
The contract bomb caused an immediate $16 plunge in the price of gold. Over a period of 7 minutes from the time the Comex opened, over 14,000 contracts traded. This represented over 18% of the total volume in Comex contracts that had traded in the previous 14 hours of trading starting at 6 p.m. EST the night before.Obviously this is was intentional and determined selling of paper gold for the purposes of driving the price a lot lower. The news reported over the last 24 hours, if anything, should have caused the price of gold to move higher. This includes the re-escalation of the events in Ukraine, an inflation report released this morning which showed that the rate of inflation in March was double the rate that was expected by Wall Street forecasters and a report of manufacturing activity in the northeast which was significantly lower than expected.
It is no coincidence that today is the anniversary date of last year’s $200 price plunge in gold. In fact, about a week prior to last year’s intervention operation, a series of bearish articles and Wall Street analyst reports started hitting the newswires, similar to the flurry of news reports that were released last night. It is painfully obvious to anyone paying attention that there is a serious effort being conducted by the Fed, the U.S. Government and the big banks to hold down the price of gold.
The reason for this is that the U.S. Government is growing more desperate by the day to prop up the stock market and the U.S. dollar. Russia and China have been announcing a series of deals between each other and with several other large trading partners to begin conducting oil and gas trade using their respective currencies, thereby completely bypassing the use of the U.S. dollar. It is clear that far and middle eastern countries are working to systematically scale down and phase out the world’s reliance on the U.S. dollar .
So,guys trade safely and wisely............manipulated market playing against you....
Nothing Is Certain In The Universe
- #7,149
- Apr 15, 2014 7:03pm Apr 15, 2014 7:03pm
- | Commercial User | Joined Aug 2007 | 6,072 Posts
Hello World!
yes, indeed gold is a attractive trade option when calculated and well organized order is placed.........I trade long term always.........short term is very risky I think....gold is gold afterall 
Nothing Is Certain In The Universe
- #7,155
- Apr 15, 2014 11:56pm Apr 15, 2014 11:56pm
- Joined Mar 2014 | Status: Trader | 1,062 Posts
mma= moving-moving average The beauty of the market. I'm as drunk as a lord!!! Obviously "we" all "knew" "we" were setting up the short after the 7 day "up" move... that's the way "we roll". That's the only way the "market" "moves", because "we" "created the move... " I like the way we movit, movit.."" There is always a "trend line", a "sma,ema...mma", "gartly" a fartly from a chart Lee... (Look at your charts-Lee, they can only movit fast-Lee, or slow-Lee, that is the secret-Lee) Cheers!! Double brandy and coke, double rum and coke, double vodka...
or rather PT(PA)D! or wait PASD?
