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  • #7,421
  • Apr 22, 2014 6:00am Apr 22, 2014 6:00am
limit buy 1288 dont know if i will get filled.
  • #7,422
  • Apr 22, 2014 6:07am Apr 22, 2014 6:07am
Quoting elbert3
pp at 1290.7 now
pp taken short same number ... ??????? could be wrong here sl on manage , big lot
  • #7,423
  • Apr 22, 2014 6:18am Apr 22, 2014 6:18am
Quoting elbert3
{quote} pp taken short same number ... ??????? could be wrong here sl on manage , big lot
for the big lot. 1297-99 would be a good place to short. 1310/15 even better.all the best.
Attached Image
A trade should be based on an assumption based on facts
  • #7,424
  • Apr 22, 2014 6:24am Apr 22, 2014 6:24am
Quoting Mave
{quote} for the big lot. 1297-99 would be a good place to short. 1310/15 even better.all the best. {image}
yes it is aggressive on the 30 min a couple of rejections at 1292. i want it to break the 10 em ,, but it looks like it is holding it up ,, lets see gl. regards E
  • #7,425
  • Apr 22, 2014 6:32am Apr 22, 2014 6:32am
Quoting Mave
{quote} for the big lot. 1297-99 would be a good place to short. 1310/15 even better.all the best. {image}
I agree a good supportive trend line is being established for now. Also the 50% fib level is also still intact for a [re]test at 1305/6 level...
Attached Image (click to enlarge)
Click to Enlarge Name: gldapr22.png Size: 51 KB
  • #7,426
  • Apr 22, 2014 6:39am Apr 22, 2014 6:39am
Quoting waleed.khan
{quote} I agree a good supportive trend line is being established for now. Also the 50% fib level is also still intact for a [re]test at 1305/6 level... {image}
it also fits the ab=cd euqation.. 1310-50 = 1260 .. also, you can draw a retracement from 1280(low of the move) to 1305/11 and see the extension.

edit- its a fun fact. another more imp fact is 38.2 fib level is gold generally (not always) resumes trend from 38.2 level
A trade should be based on an assumption based on facts
  • #7,427
  • Apr 22, 2014 6:43am Apr 22, 2014 6:43am
Quoting Mave
{quote} it also fits the ab=cd euqation.. 1310-50 = 1260 .. also, you can draw a retracement from 1280(low of the move) to 1305/11 and see the extension. edit- its a fun fact. another more imp fact is 38.2 fib level is gold generally (not always) resumes trend from 38.2 level
Sounds like a good probability trade...short (1305-10) levels
  • #7,428
  • Apr 22, 2014 6:48am Apr 22, 2014 6:48am
Quoting Mave
{quote} edit- its a fun fact. another more imp fact is 38.2 fib level is gold generally (not always) resumes trend from 38.2 level
Indeed... Hence one should scale into shorts for a nice swing trade!

Cheers!

[edit] * I am short term long though... entry 1289, SL 1288 profit target 1295/1300/1305... Quick scalp (light trade)
  • #7,429
  • Apr 22, 2014 6:55am Apr 22, 2014 6:55am
Quoting waleed.khan
{quote} Indeed... Hence one should scale into shorts for a nice swing trade! Cheers! [edit] * I am short term long though... entry 1289, SL 1288 profit target 1295/1300/1305... Quick scalp (light trade)
you're looking at my charts. lol.
A trade should be based on an assumption based on facts
  • #7,430
  • Apr 22, 2014 8:12am Apr 22, 2014 8:12am
no matter how I look at it, it still looks like a bearish flag in H4..haha maybe because I'm holding short, so this mind tends to self-convince..lol
  • #7,431
  • Apr 22, 2014 8:32am Apr 22, 2014 8:32am
The tone of the market today will be determined by how traders react to the downtrending angle at $1292.20. Taking out this angle with conviction could trigger an acceleration to the upside. A failure at this price could encourage a fresh round of selling pressure.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #7,432
  • Apr 22, 2014 9:49am Apr 22, 2014 9:49am
Gold just committed suicide
A 1 pip gain is better than a 1 pip loss.
  • #7,433
  • Apr 22, 2014 9:55am Apr 22, 2014 9:55am
As long as it stops arround 1280, ok
Else, I'm done with gold
  • #7,434
  • Apr 22, 2014 10:00am Apr 22, 2014 10:00am
Quoting aeternum
Gold just committed suicide
What makes you think so?
  • #7,435
  • Apr 22, 2014 10:02am Apr 22, 2014 10:02am
Quoting Karpa
Else, I'm done with gold
That's what needed - more high leverage meat and less long time investors.
  • #7,436
  • Apr 22, 2014 10:15am Apr 22, 2014 10:15am
Quoting Karpa
As long as it stops arround 1280, ok Else, I'm done with gold

1280 is S1 Pivot and the bottom of 4 hour Bollinger Band and Resistance line. May get some reaction. I do not like that some USA news is positive for dollar
  • #7,437
  • Apr 22, 2014 10:17am Apr 22, 2014 10:17am
Quoting Super_Mario
{quote} What makes you think so?
It just fell $10. What makes you think not? And I'm not talking about a $100 suicide.
A 1 pip gain is better than a 1 pip loss.
  • #7,438
  • Apr 22, 2014 10:18am Apr 22, 2014 10:18am
After 2 days of waiting. Atlast it broke 1280. Now time to retrace or back to bulls side.... time will tell... have a green and peaceful night folks
row row row your boat
  • #7,439
  • Apr 22, 2014 10:19am Apr 22, 2014 10:19am
Quoting RabbitWolf
{quote} 1280 is R1 Pivot and the bottom of 4 hour Bollinger Band and Resistance line. May get some reaction. I do not like that some USA news is positive for dollar
Well it would have to drag my Weekly CCI down if it wants to go any lower. Otherwise we could have a bullish divergence and head back up for 1296.
A 1 pip gain is better than a 1 pip loss.
  • #7,440
  • Apr 22, 2014 10:21am Apr 22, 2014 10:21am
as I expected...bearish flag...now fell as much as the pole's length...got some reaction. Will start opening long at 1278 with a very tiny position...slowly adding up to build position if price falls more

cheers
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