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  • #7,821
  • May 1, 2014 2:38am May 1, 2014 2:38am
Quoting Mr Mao
the chart appears that gold is long by big banks while short by most private traders. if it keeps slipping down, banks will lose the game. {image} so I'd like to long , even for down, to retest the last high @1306.3 will be required.
I guess the private traders are winning right now init?
Less is more...
  • #7,822
  • May 1, 2014 4:56am May 1, 2014 4:56am
nice spike, now we can grow.
  • #7,823
  • May 1, 2014 5:22am May 1, 2014 5:22am
Quoting elbert3
{quote} ok pp on 2 shorts now 1290.00 and bring down as and when,, target now 1287.5 could retrace a little here then short again ,, target 1282.5 tp this target and i am putting a buy order same place
This was the right target and right call.
  • #7,824
  • May 1, 2014 5:24am May 1, 2014 5:24am
Taiwan,China and Hong Kong are on Holiday now so there is less liquidity in market today and perhaps over the next few days.
  • #7,825
  • May 1, 2014 6:21am May 1, 2014 6:21am
Quoting stylinex
{quote} This was the right target and right call.
thanks going to juggle a bit the 4 hour trend is short 1289.2 target then short ??? might get 1291.5
  • #7,826
  • May 1, 2014 6:56am May 1, 2014 6:56am
Quoting elbert3
{quote} thanks going to juggle a bit the 4 hour trend is short 1289.2 target then short ??? might get 1291.5
I had a shi* load of puts yesterday but sold them. I wish I held. I would have made good money on them. Looking for another entry now.
  • #7,827
  • May 1, 2014 7:08am May 1, 2014 7:08am
Quoting stylinex
{quote} I had a shi* load of puts yesterday but sold them. I wish I held. I would have made good money on them. Looking for another entry now.
yes looking like 1260 holdi 2 shorts to here the sell all and possible buy back to 1295,ish ,, 1265,,,then break there 1223 and buy back to 1265 ?? see how the thing drops gl
  • #7,828
  • May 1, 2014 7:10am May 1, 2014 7:10am
Quoting stylinex
{quote} I had a shi* load of puts yesterday but sold them. I wish I held. I would have made good money on them. Looking for another entry now.
looking at the day chart to get a better picture ,,
  • #7,829
  • May 1, 2014 7:21am May 1, 2014 7:21am
second spike at D1 support, it sounds as possible reversal pattern to me.
  • #7,830
  • May 1, 2014 7:32am May 1, 2014 7:32am
Data is mixed though.
A 1 pip gain is better than a 1 pip loss.
  • #7,831
  • May 1, 2014 7:32am May 1, 2014 7:32am
Quoting elbert3
{quote} looking at the day chart to get a better picture ,,
Something was wrong and I lost over$700 which pissed me off. When I hit the buy button it fucking sold on Forex. I thought it was my mistake but doubted it. Did it 3 times in a row for me. Then finally the buy orders cleared and I set a sell at 1283 which cleared. profit in the end..
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  • #7,832
  • May 1, 2014 7:56am May 1, 2014 7:56am
Quoting Quentin
second spike at D1 support, it sounds as possible reversal pattern to me.
Yeah, I closed shorts. Looks like we could see a bounce here and another attempt at 1300.
"The market can remain irrational longer than you can remain solvent"
  • #7,833
  • May 1, 2014 8:10am May 1, 2014 8:10am
Huge fight for 1277.
  • #7,834
  • May 1, 2014 8:25am May 1, 2014 8:25am
Hi. Everyone.

Long time watcher but haven't posted for a long time. Just started trading Gold again so will try and contribute. Experienced trader but not in Gold. Hope to learn a lot and hopefully help others.

pchees
  • #7,835
  • May 1, 2014 8:32am May 1, 2014 8:32am
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To live a successful life, we must lose our fear of being wrong
  • #7,836
  • May 1, 2014 8:36am May 1, 2014 8:36am
It may bounce at 1278 Pivot S2
  • #7,837
  • May 1, 2014 8:37am May 1, 2014 8:37am
Quoting EatPIPs
{image}
Why does this formation look so familiar? Is it the bullish shark or something?

Edit: If it is the bullish shark, it should get to 1226.871, the 78.6. Before it shoots up. But I don't think that will happen here.
A 1 pip gain is better than a 1 pip loss.
  • #7,838
  • May 1, 2014 8:42am May 1, 2014 8:42am
Quoting aeternum
{quote} Why does this formation look so familiar? Is it the bullish shark or something? Edit: If it is the bullish shark, it should get to 1226.871, the 78.6. Before it shoots up. But I don't think that will happen here.
Any bullish 4HR bars is a opportunity to reload shorts IMO.
To live a successful life, we must lose our fear of being wrong
  • #7,839
  • May 1, 2014 8:45am May 1, 2014 8:45am
Quoting stylinex
{quote} Something was wrong and I lost over$700 which pissed me off. When I hit the buy button it fucking sold on Forex. I thought it was my mistake but doubted it. Did it 3 times in a row for me. Then finally the buy orders cleared and I set a sell at 1283 which cleared. profit in the end.. {image}
ah,??/ have you spoken to you broker ???
  • #7,840
  • May 1, 2014 8:46am May 1, 2014 8:46am
Quoting EatPIPs
{quote} Any bullish 4HR bars is a opportunity to reload shorts IMO.
You are really tempting me to short more but my indicators tell me to go long. I think I shall just sit this one out for a while.
A 1 pip gain is better than a 1 pip loss.
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