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  • #7,641
  • Apr 25, 2014 9:49am Apr 25, 2014 9:49am
Quoting goldfinger
{quote} we r talking Russia and good old USA. Do I need to say more. I was trying to limit buy at better price but no luck. welldone long holders of gold. I am running dow short. excepting a few hundred points.
The market can still reverse man!

SHorting Dow! Yeah sounds like a good idea (its friday and uncertainty regarding the situation) THere will be more money taken out today and hence shorting any us index would be good!!

Goodluck to you!
  • #7,642
  • Apr 25, 2014 9:50am Apr 25, 2014 9:50am
Quoting ClockTrader
{quote} I had some losses today, its been rough lately :-( I was not trading in any demo accounts today, lolz, funny. Wish you all a great weekend!
Hey CT! Yes it has been very very rough lately!

You too have a great weekend!
  • #7,643
  • Apr 25, 2014 9:55am Apr 25, 2014 9:55am
Quoting JimmyC
Spot Gold Daily Technical pattern DB play Tension in Ukraine {image}
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the tecs on the day looks like it wants to go short jim ,, carefull on the 1 hour rsi oversold thats why i am thinking 61 fib hit then short now,gl keep it tight for now at least regards
  • #7,644
  • Apr 25, 2014 10:16am Apr 25, 2014 10:16am
Quoting elbert3
{quote} {image} the tecs on the day looks like it wants to go short jim ,, carefull on the 1 hour rsi oversold thats why i am thinking 61 fib hit then short now,gl keep it tight for now at least regards
Mind the techs, its a fundie trade, commodities are more supply demand then techs... And Gold is a safe haven... same same but different
  • #7,645
  • Apr 25, 2014 10:19am Apr 25, 2014 10:19am
Quoting JimmyC
{quote} Mind the techs, its a fundie trade, commodities are more supply demand then techs... And Gold is a safe haven... same same but different
yes want to get into a position to come out i dont fancy this over the weekend with all this news going on its that or, small sl below and a tp at 1400 ???? lol gl good weekend i will be here until they turn it off lol
  • #7,646
  • Apr 25, 2014 10:44am Apr 25, 2014 10:44am
Quoting waleed.khan
{quote} Hey CT! Yes it has been very very rough lately! You too have a great weekend!
dont like it now ??/gone short ,,
  • #7,647
  • Apr 25, 2014 10:51am Apr 25, 2014 10:51am
Quoting elbert3
{quote} yes want to get into a position to come out i dont fancy this over the weekend with all this news going on its that or, small sl below and a tp at 1400 ???? lol gl good weekend i will be here until they turn it off lol
TP 1400!LOL I first want to wait for 1330 atleast...

Technically though the daily chart there is bullish divergence too
We have a hammer on the daily and also on the weekly chart...

Maybe the market is trying to tell us something more... Maybe the high ups have something else planned! Ukraine escalation or then perhaps panic based on bad housing data (which has frightened everyone) and if miraculously we get a bad employment figure next week then that could send the market rushing back to 1400...who knows? Also S&P is close to all time high and needs a correction (that could cause panic in the market; and lead to irrational gold buying)!

Which I still am skeptical on but I guess we just have to take things in stride!

the $30 dollar move is huge! and the volumes completely dwarf the rest! So there definitely is something up!

It is perhaps best to stay on the sidelines or go long with a small exposure...
  • #7,648
  • Apr 25, 2014 11:01am Apr 25, 2014 11:01am
Quoting elbert3
{quote} dont like it now ??/gone short ,,
The 8 ema is about to cross the 50ema on the 4 hr chart! ( I have a feeling there will be strong support on 1298)

Good luck!
  • #7,649
  • Apr 25, 2014 11:04am Apr 25, 2014 11:04am
Quoting waleed.khan
{quote} TP 1400!LOL I first want to wait for 1330 atleast... Technically though the daily chart there is bullish divergence too We have a hammer on the daily and also on the weekly chart... Maybe the market is trying to tell us something more... Maybe the high ups have something else planned! Ukraine escalation or then perhaps panic based on bad housing data (which has frightened everyone) and if miraculously we get a bad employment figure next week then that could send the market rushing back to 1400...who knows? Also S&P is close to all time high...
i just pulled and went short on the 1 hour more of a scalp,, but as i said before there are a lot of resistances just over that 1302 mark, i had a few pips profit but nothing to tell your mum about lol
  • #7,650
  • Apr 25, 2014 11:14am Apr 25, 2014 11:14am
Quoting elbert3
{quote} i just pulled and went short on the 1 hour more of a scalp,, but as i said before there are a lot of resistances just over that 1302 mark, i had a few pips profit but nothing to tell your mum about lol
GL! there will too much support also...
  • #7,651
  • Apr 25, 2014 11:40am Apr 25, 2014 11:40am
Quoting waleed.khan
{quote} GL! there will too much support also...
1301.44 entry , short again on the rise this might tell me where to go 1300.70
  • #7,652
  • Apr 25, 2014 11:53am Apr 25, 2014 11:53am
in my opinion..
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  • #7,653
  • Apr 25, 2014 12:23pm Apr 25, 2014 12:23pm
Quoting thiando
in my opinion.. {image}
Sounds good! Good luck!
  • #7,654
  • Apr 25, 2014 12:25pm Apr 25, 2014 12:25pm
gold etf gdx going to above 26 by next friday.
long the may 1 26 call .
what is your view guys in gdx?
he, alone, was to blame for his losses in the zero-sum game
  • #7,655
  • Apr 25, 2014 12:28pm Apr 25, 2014 12:28pm
Quoting ClockTrader
{quote} I had some losses today, its been rough lately :-( I was not trading in any demo accounts today, lolz, funny. Wish you all a great weekend!
GL
  • #7,656
  • Apr 25, 2014 1:26pm Apr 25, 2014 1:26pm
ill let the rest of position to be opened!
have a nice weekend.
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  • #7,657
  • Apr 25, 2014 1:44pm Apr 25, 2014 1:44pm
There is a bullish hammer on the weekly and daily chart...

Next week we could be up and starting a new price cycle!
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  • #7,658
  • Apr 25, 2014 11:39pm Apr 25, 2014 11:39pm
This bullish kicker candle is the key.
Will go long on dips

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  • #7,659
  • Apr 26, 2014 5:19am Apr 26, 2014 5:19am
Quoting waleed.khan
There is a bullish hammer on the weekly and daily chart... Next week we could be up and starting a new price cycle! {image}
key area is between 1298.xx and 1303.xx. breaking any side will determine. my observation!

any analysis on it?
P.S. Trade with the discipline of Money Management and Risk Management.
  • #7,660
  • Apr 26, 2014 6:29am Apr 26, 2014 6:29am
follow these advanced chart patterns,you will know the market situation better than the past..........time frame to follow--- hourly,4 hourly,daily,weekly....
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Nothing Is Certain In The Universe
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