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Only Gold!

  • #7,461
  • Apr 22, 2014 1:04pm Apr 22, 2014 1:04pm
Quoting Flybird
Take it easy guys enjoy the fall , we still have nothing showing any bullish movement , maybe a bounce off the 1270 (areA)are willl create a double bottom for us to enter a long , otherwise untill we see some signals , i would advice patience is key... Happy Trading all {image}
on the flip side , if we get a bounce , ( price will range first then go up,)?this would get us back into a long trend where it has just escaped from, creating a false break out,, this would give us a W pattern and price goes to 1420
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  • #7,462
  • Apr 22, 2014 1:16pm Apr 22, 2014 1:16pm
When you see a double bottom you buy a double bottom one of the golden rules of trading. Perfect risk reward trade could take two attempts these levels saw good demand last time round wouldn't be a hero trying to sell down here its spiked the low by a few ticks people look to be caught on the lower time frames. Would buy around here 1280-2 stop 1270-2 or behind the days low. First target 1328-31 area where the sellers last took control of the last down swing then secondary longer term target could take a few weeks/months up at 1379-83 area where the sellers stepped in and took control from the buyers. Plus good pull back area on the year between the 50-61.8% on the year and if big players liked and shifted price 100$ dollars up from here last time round there going to have a good go at it again. And if they get it above 1292-3 sometime later today or tomorrow there going to be a lot of caught sellers paying up aggressively. Good R/R at a good solid Demand level.
  • #7,463
  • Apr 22, 2014 1:16pm Apr 22, 2014 1:16pm
Quoting elbert3
{quote} on the flip side , if we get a bounce , ( price will range first then go up,)?this would get us back into a long trend where it has just escaped from, creating a false break out,, this would give us a W pattern and price goes to 1420 {image}

couldn't have made it any clearer now the rest can complete the mystery lol .

happy trading .
  • #7,464
  • Apr 22, 2014 3:02pm Apr 22, 2014 3:02pm
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we need to see price shorting of the emas to break todays low over night
  • #7,465
  • Apr 22, 2014 9:45pm Apr 22, 2014 9:45pm
Quoting ClockTrader
12 pm NY (EST), I hope it stops falling further. GL to you all!
Looks like it did stop falling for the remainder session at least.
Hello World!
  • #7,466
  • Apr 22, 2014 10:11pm Apr 22, 2014 10:11pm
Quoting elbert3
{quote} hi i had to dash out looks like we made some money, be home soon to see the chart on my pc,, is it looking like it is going down
yeah mate! quite happy made some pips on the short...I changed to long right at 1278 too and exited ad 1285 area..now will sit on the sideline and watch a bit...dun think it will go up just yet..hope it falls a bit more and get my long at better price
  • #7,467
  • Apr 22, 2014 11:42pm Apr 22, 2014 11:42pm
.
.
I have hope today Gold will be go up....
whats u think about the Gold..............?
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One Day U Will Miss me!
  • #7,468
  • Apr 23, 2014 2:52am Apr 23, 2014 2:52am
Double bottom forming nicely on the daily chart.
A genius is born every minute, me I am lucky if my socks match.
  • #7,469
  • Apr 23, 2014 4:39am Apr 23, 2014 4:39am
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2 shorts now sl is at the top of the red candle you see nearly a free trade on both looking to take out the bottom ,, pp down asap to keep giving me a free trade
  • #7,470
  • Apr 23, 2014 4:43am Apr 23, 2014 4:43am
Yesterday I was long and this crappy dropped

Today I'm short and doesn't want fall anymore..

After years of trading unable to trade this shitty yet
  • #7,471
  • Apr 23, 2014 5:08am Apr 23, 2014 5:08am
Hard to trade at this level. If you expect the price around 11xx then do Short. Iam looking for any dips to long.
  • #7,472
  • Apr 23, 2014 5:28am Apr 23, 2014 5:28am
Quoting elbert3
{image} 2 shorts now sl is at the top of the red candle you see nearly a free trade on both looking to take out the bottom ,, pp down asap to keep giving me a free trade
out free trade, try 1288 short there ?
  • #7,473
  • Apr 23, 2014 5:45am Apr 23, 2014 5:45am
A break above the top of the yesterday's hammer would be reason to start buying then it could head to the $1330 level.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #7,474
  • Apr 23, 2014 6:03am Apr 23, 2014 6:03am
Seems like another bearish divergence is coming
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A 1 pip gain is better than a 1 pip loss.
  • #7,475
  • Apr 23, 2014 6:12am Apr 23, 2014 6:12am
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still short on 1 the break here could move up to 1302 or short again sl on the last candles high
  • #7,476
  • Apr 23, 2014 6:30am Apr 23, 2014 6:30am
Quoting elbert3
{image} still short on 1 the break here could move up to 1302 or short again sl on the last candles high
Gold Spot 1H

Trend in tact need to watch the reaction to the 50 sma...

looks right good luck
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  • #7,477
  • Apr 23, 2014 7:07am Apr 23, 2014 7:07am
H4 Gold Tehnical Analysis
My view first target 1293.00
Second target 1311.00
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  • #7,478
  • Apr 23, 2014 8:12am Apr 23, 2014 8:12am
next target 1263. Pennant pattern has to be completed and we have a shooting star on h4.
If you do not know who you are, the Forex is the worst place to find you
  • #7,479
  • Apr 23, 2014 8:26am Apr 23, 2014 8:26am
1263 hmmmmmmmmmm
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One Day U Will Miss me!
  • #7,480
  • Apr 23, 2014 8:29am Apr 23, 2014 8:29am
what about the GBPUSD
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One Day U Will Miss me!
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