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  • #7,841
  • May 1, 2014 8:47am May 1, 2014 8:47am
Quoting bonkers
Huge fight for 1277.
that was clocks sl ??? better stay on the day when you know the trend,,
  • #7,842
  • May 1, 2014 8:51am May 1, 2014 8:51am
Quoting aeternum
{quote} 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.
there is a 1275.8 possible break out south or 1295.to the north right in the middle depends how you see it regards
  • #7,843
  • May 1, 2014 8:59am May 1, 2014 8:59am
Quoting elbert3
{quote} there is a 1275.8 possible break out south or 1295.to the north right in the middle depends how you see it regards
I figured the doji we formed 4 hours ago would bring us higher but the fact that we came lower suggests a hidden power. We almost smacked 78.6 at 1276.426. I'm looking for 1312.5 if it bounces. Otherwise, 1265 then 1262. Hopefully its long.
A 1 pip gain is better than a 1 pip loss.
  • #7,844
  • May 1, 2014 9:00am May 1, 2014 9:00am
Quoting elbert3
{quote} there is a 1275.8 possible break out south or 1295.to the north right in the middle depends how you see it regards
Silver is now trading below $19. Daily close below here or even lower will invalidate longs mid term IMO.

PA has completely switched opposite to what my view was a few weeks ago. But PA is PA and that is one thing no one can argue about when it comes to trading. Indicators and other form of "signals" are never consistent when it comes down to it because there is always a delay no matter what that delay is.

IMO its heading south. But again, that's my opinion. If you had asked me a couple of weeks ago I would of been certain it was going up.

Never feel the pain when you cut a loosing trade. Heck I lost thousands a few weeks ago. But trading smartly enabled me to recover my losses and get back into profit.

I am not telling anyone to short nor go long, simply saying what the charts are saying to me.

My silver targets are in the low $18s. Gold targets are unknown however would be looking mid $1250s before considering cutting them to take profit on a couple at least.

Don't shoot me if by next week we are back in the mid $1350s however there is no way I would be looking to long Gold right now.

S&P has double topped ATM also but it will break out sooner rather than later IMO 1900+

Hate to admit it but dollar is strengthening
To live a successful life, we must lose our fear of being wrong
  • #7,845
  • May 1, 2014 10:01am May 1, 2014 10:01am
Found something worth sharing, I thought I must share here..
Attached Image
Hello World!
  • #7,846
  • May 1, 2014 10:15am May 1, 2014 10:15am
Quoting ClockTrader
Found something worth sharing, I thought I must share here.. {image}
This is worth sharing too. How long does it want to sit on this level without moving?
Attached Image (click to enlarge)
Click to Enlarge Name: xaus.png Size: 77 KB
A 1 pip gain is better than a 1 pip loss.
  • #7,847
  • May 1, 2014 10:25am May 1, 2014 10:25am
Quoting aeternum
{quote} This is worth sharing too. How long does it want to sit on this level without moving? {image}
Below is what I would like to say, got hit today while trying longs.

Sell Range: 1285 - 1298, SL @ 1305-15

PS: Monday re-opening looks volatile, could be bullish re-opening.

PPS: I plan to invoke my investor strategy next month, latest by June end.
Hello World!
  • #7,848
  • May 1, 2014 10:26am May 1, 2014 10:26am
Quoting ClockTrader
{quote} Below is what I would like to say, got hit today while trying longs. Sell Range: 1285 - 1298, SL @ 1305-15 PS: Monday re-opening looks volatile, could be bullish re-opening. PPS: I plan to invoke my investor strategy next month, latest by June end.
After Monday's volatile re-opening, bearish waves to resume.

my 2 Gold Coins
Hello World!
  • #7,849
  • May 1, 2014 10:26am May 1, 2014 10:26am
Quoting ClockTrader
{quote} Below is what I would like to say, got hit today while trying longs. Sell Range: 1285 - 1298, SL @ 1305-15 PS: Monday re-opening looks volatile, could be bullish re-opening. PPS: I plan to invoke my investor strategy next month, latest by June end.
Pending 1286-1288 doesn't create new line of resistance.
To live a successful life, we must lose our fear of being wrong
  • #7,850
  • May 1, 2014 10:27am May 1, 2014 10:27am
Quoting ClockTrader
{quote} Below is what I would like to say, got hit today while trying longs. Sell Range: 1285 - 1298, SL @ 1305-15 PS: Monday re-opening looks volatile, could be bullish re-opening. PPS: I plan to invoke my investor strategy next month, latest by June end.
From what I see, the news tomorrow is make or break. If unemployment maintains, it would be considered bad news as they were expecting it to be improve. Should it get better, gold and silver will freefall. But on the other hand should it be worse, I expect we will rocket back amongst the clouds. The past few days were probably pricing this in, thus the drop.

For people who ignore fundamentals, technicals point up. But if fundies break this floor, you have nothing to stand on.
A 1 pip gain is better than a 1 pip loss.
  • #7,851
  • May 1, 2014 10:35am May 1, 2014 10:35am
Quoting aeternum
{quote} From what I see, the news tomorrow is make or break. If unemployment maintains, it would be considered bad news as they were expecting it to be improve. Should it get better, gold and silver will freefall. But on the other hand should it be worse, I expect we will rocket back amongst the clouds. The past few days were probably pricing this in, thus the drop. For people who ignore fundamentals, technicals point up. But if fundies break this floor, you have nothing to stand on.
To live a successful life, we must lose our fear of being wrong
  • #7,852
  • May 1, 2014 10:35am May 1, 2014 10:35am
Quoting aeternum
{quote} From what I see, the news tomorrow is make or break. If unemployment maintains, it would be considered bad news as they were expecting it to be improve. Should it get better, gold and silver will freefall. But on the other hand should it be worse, I expect we will rocket back amongst the clouds. The past few days were probably pricing this in, thus the drop. For people who ignore fundamentals, technicals point up. But if fundies break this floor, you have nothing to stand on.
I don't know how to interpret news, but I strongly expect one thing, that there can be a spike towards North to hit the SLs of sellers. That is the reason I have shared a range to sell, in other words I would try to sell as high as it gets and SL even at a higher level.

Trade light, Trade safe!

PS: The Bulls who bring up-moves have turned bears. One Big Bull is back with bang but its only able to push the price higher and fall fast leaving behind what we call spike.
Hello World!
  • #7,853
  • May 1, 2014 10:37am May 1, 2014 10:37am
Quoting ClockTrader
{quote} I don't know how to interpret news, but I strongly expect one thing, that there can be a spike towards North to hit the SLs of sellers. That is the reason I have shared a range to sell, in other words I would try to sell as high as it gets and SL even at a higher level. Trade light, Trade safe! PS: The Bulls who bring up-moves have turned bears. One Big Bull is back with bang but its only able to push the price higher and fall fast leaving behind what we call spike.
Hope you been well dude.
To live a successful life, we must lose our fear of being wrong
  • #7,854
  • May 1, 2014 10:38am May 1, 2014 10:38am
Hello All!!

Where do you see S&P 500? I mean after dismal GDP figures, it had to plunge rather it is doing the opposite and making new highs after high

If there's positive news, it keeps going up, if there's negative news it keeps going up too. Is it pure manipulation or the charts suggests so? pls guide....
  • #7,855
  • May 1, 2014 10:44am May 1, 2014 10:44am
Quoting EatPIPs
{quote} Hope you been well dude.
Yes bro, overall I've been good, not bad except that last few weeks have given me nothing but new lessons, these lessons are precious and I'm re-writing the layers of my calculus. Golden Seasons remain intact.

You've been absent here lately :-D
Hello World!
  • #7,856
  • May 1, 2014 10:55am May 1, 2014 10:55am
Quoting ClockTrader
{quote} I don't know how to interpret news, but I strongly expect one thing, that there can be a spike towards North to hit the SLs of sellers. That is the reason I have shared a range to sell, in other words I would try to sell as high as it gets and SL even at a higher level. Trade light, Trade safe! PS: The Bulls who bring up-moves have turned bears. One Big Bull is back with bang but its only able to push the price higher and fall fast leaving behind what we call spike.
Once I close my Silver longs for a decent profit, I shall sit on the sidelines and watch then. I'm not eager to lose more money than I already have.

Anyway 4H is pointing up. Looks like a good start for a reversal. What say you?
A 1 pip gain is better than a 1 pip loss.
  • #7,857
  • May 1, 2014 10:59am May 1, 2014 10:59am
Quoting aeternum
{quote} Once I close my Silver longs for a decent profit, I shall sit on the sidelines and watch then. I'm not eager to lose more money than I already have. Anyway 4H is pointing up. Looks like a good start for a reversal. What say you?
Right now in selling mood dude, already stated the numbers I'm looking at.

Its about time, 12:00 pm NY, time to call it a day, wish you all a good one.
Hello World!
  • #7,858
  • May 1, 2014 11:02am May 1, 2014 11:02am
Quoting ClockTrader
{quote} Right now in selling mood dude, already stated the numbers I'm looking at. Its about time, 12:00 pm NY, time to call it a day, wish you all a good one.
Its 12am here. Goodnight to you sir
A 1 pip gain is better than a 1 pip loss.
  • #7,859
  • May 1, 2014 11:11am May 1, 2014 11:11am
Quoting ClockTrader
{quote} Below is what I would like to say, got hit today while trying longs. Sell Range: 1285 - 1298, SL @ 1305-15 PS: Monday re-opening looks volatile, could be bullish re-opening. PPS: I plan to invoke my investor strategy next month, latest by June end.
spot on looking to short same area ,, trend still looks short gl regards E
  • #7,860
  • May 1, 2014 1:54pm May 1, 2014 1:54pm
Quoting waleed.khan
{quote} But I will abort my long bias if pa closes below 1277 for the day*
I stayed away today because I just don't think there is any point for my style of trading...As far as I see its only guess work trying to predict PA between 1277 and 1307... Until We don't see a convincing move and close above these numbers: I am going to stay away...

That being said 1277 could have been a good buy for the long side...as it can be seen as a good support level is being built for a big move up & plus PA is holding the 100 SMA on the daily. The picture on monday hopefully will be a lot clearer after NFP...

another thing to keep in mind is that unemployment claims have missed the most since the recession which could be an early warning of a worsening situation (but then again that can be mitigated with a good manufacturing PMI...hence bias is still mixed) plus the situation in ukraine is still there & could worsen; therefore seeing price drop recent low is unlikely in the short term...
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