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Only Gold!

  • #7,181
  • Apr 16, 2014 7:44am Apr 16, 2014 7:44am
Attached Image (click to enlarge)
Click to Enlarge Name: g2.png Size: 109 KB
sorry i tried to post earlier broke the range look to go 1312 1314 ??? 2 longs in bottom is loaded pp asap to the trend line price has pulled back a little
  • #7,182
  • Apr 16, 2014 7:45am Apr 16, 2014 7:45am
Quoting zaghloul
{quote} Oh god, please be right
sorry but it looks like you have your house riding on it, regards
  • #7,183
  • Apr 16, 2014 7:46am Apr 16, 2014 7:46am
Quoting Ranjeet1488
{quote} Very interesting!!! So if I am correct market participants are net short now.... Should we expect expect market to go up now (as most big guys trade opposite to what the net retailers do)? Kindly comment
All I wanted to show is that while price bouncing off the same levels, the difference of between "buy by market' and "sell by market" volume is increasing towards sells.
Total net position is short for many months now (that's why I intentionally cropped out absolute numbers from graph).
They even not managed to zero it out when we were hitting 1390s.
Once again, I'm not teaching anyone anything, neither I am here to predict anything, Im just sharing my thoughts, and what I showed is just a very small piece of puzzle, but still this could be a nice kickstart for someone who already tried all the classic indicators.
  • #7,184
  • Apr 16, 2014 7:48am Apr 16, 2014 7:48am
Quoting elbert3
{image} sorry i tried to post earlier broke the range look to go 1312 1314 ??? 2 longs in bottom is loaded pp asap to the trend line price has pulled back a little
could be false support 1307
  • #7,185
  • Apr 16, 2014 7:49am Apr 16, 2014 7:49am
Quoting elbert3
{quote} sorry but it looks like you have your house riding on it, regards
Me too

Edit: I am soooooooooo f@#cked
  • #7,186
  • Apr 16, 2014 8:01am Apr 16, 2014 8:01am
Quoting zaghloul
{quote} Oh god, please be right
İ am always right...
  • #7,187
  • Apr 16, 2014 8:01am Apr 16, 2014 8:01am
Quoting zaghloul
{quote} Me too Edit: I am soooooooooo f@#cked
no i am ok, my house is well built, ,should not put more than 10% of your account max
  • #7,188
  • Apr 16, 2014 8:08am Apr 16, 2014 8:08am
Quoting Iraniatrader
{quote} Hi What do u thnk about the news ? Whats the effect of that? Will it increase Gold? or go down?
Like I said, I don't trade news.
Hello World!
  • #7,189
  • Apr 16, 2014 8:11am Apr 16, 2014 8:11am
in 5 minute comes bad industrial data...
  • #7,190
  • Apr 16, 2014 8:15am Apr 16, 2014 8:15am
there is a shooting star in m5 isnt it?
  • #7,191
  • Apr 16, 2014 8:25am Apr 16, 2014 8:25am
Seems to me that the news will just smooth things out for the bears. Expecting more good data for the next few weeks.

PA on Weekly is bearish in nature, If i am not wrong that's a bear flag.


Anyway i position trade, so for you especially patient fellows, seems like the direction is down.

Just my opinion.
  • #7,192
  • Apr 16, 2014 8:26am Apr 16, 2014 8:26am
i do hope goldie will see 1263.
  • #7,193
  • Apr 16, 2014 8:53am Apr 16, 2014 8:53am
There you go.

http://i1156.photobucket.com/albums/...ps5af4db17.jpg
  • #7,194
  • Apr 16, 2014 9:22am Apr 16, 2014 9:22am
looks like 1307 could be the support trigger manual stopped longs i loss 7 pips 1 be gone short could see 1286is here more later
  • #7,195
  • Apr 16, 2014 9:33am Apr 16, 2014 9:33am
Quoting elbert3
looks like 1307 could be the support trigger manual stopped longs i loss 7 pips 1 be gone short could see 1286is here more later
Attached Image (click to enlarge)
Click to Enlarge Name: g3.png Size: 101 KB
??????
  • #7,196
  • Apr 16, 2014 9:40am Apr 16, 2014 9:40am
It looks like gold is number one enemy Of USA and they do everything that's possible to keep it down it seems to me it's unspoken rule for credible investors like Warren Buffett and Bill Gates and others not to invest in gold, one day going to
  • #7,197
  • Apr 16, 2014 9:48am Apr 16, 2014 9:48am
Medium term target for gold is 1260
A 1 pip gain is better than a 1 pip loss.
  • #7,198
  • Apr 16, 2014 10:25am Apr 16, 2014 10:25am
I think we'll see 1310 then down to 1275 then back up big.
  • #7,199
  • Apr 16, 2014 11:27am Apr 16, 2014 11:27am
Quoting ClockTrader
Just woke up and realized that spiky nature of Wild PA shall continue to rule.. today as well. There is a very high probability of this, so whatever your direction, like EP said, please trade light, trade safe. Wish you all good luck!
View didn't work as expected, not by far at least.
Hello World!
  • #7,200
  • Apr 16, 2014 11:30am Apr 16, 2014 11:30am
Quoting ClockTrader
{quote} View didn't work as expected, not by far at least.
Still couple of hours before main session is closed
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