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Only Gold!

  • #7,861
  • May 1, 2014 1:56pm May 1, 2014 1:56pm
Quoting ClockTrader
Found something worth sharing, I thought I must share here.. {image}
Its about time they make MT a saint! That was a profound quote...Thanks for sharing!
  • #7,862
  • May 1, 2014 2:01pm May 1, 2014 2:01pm
taking a short 1284.30, and look to add higher
  • #7,863
  • May 1, 2014 2:11pm May 1, 2014 2:11pm
Quoting Spec_And
Continues to be resisted by that line... {image}
Finally broke down after being repelled 4 times, no less. I'm rather surprised that nothing has been able to lift this, not the weak gdp data, not the weak jobless claims, I wonder if NFPR will finally lift this if it turns out to be weak.
"Where you want to be is always in control, never wishing, always trading.
  • #7,864
  • May 1, 2014 2:41pm May 1, 2014 2:41pm
Quoting Spec_And
{quote} Finally broke down after being repelled 4 times, no less. I'm rather surprised that nothing has been able to lift this, not the weak gdp data, not the weak jobless claims, I wonder if NFPR will finally lift this if it turns out to be weak.
Who knows...?

The momentum is clearly bearish; but the bullish spikes indicate something might be up... Coupled with the fact that PA is respecting the 100 sma on the daily...& perhaps of the old adage that goes something like 'the market ends up doing the opposite of what everyone expects" (being bullish when others are fearful...)

I think there is no point second guessing though...Scalpers can perhaps profit from this; but slightly longer swing traders have no business trading this market right now!
GL to you!
  • #7,865
  • Edited 3:18pm May 1, 2014 2:55pm | Edited 3:18pm
Being so close to the upper trend line and respecting the 100 SMA Gold could possibly break higher tommorow or start a new bearish trend below a close of 1267..
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  • #7,866
  • May 1, 2014 4:01pm May 1, 2014 4:01pm
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  • #7,867
  • May 1, 2014 7:06pm May 1, 2014 7:06pm
Quoting waleed.khan
{quote} Its about time they make MT a saint! That was a profound quote...Thanks for sharing!
I was a kid when she expired, our school observed holiday on that day. She spent her entire life serving the poor in one of the most poor areas of India.
Hello World!
  • #7,868
  • Edited 4:22am May 2, 2014 4:02am | Edited 4:22am
Noob Q: does this pattern have any special meaning, quick attack by the bears and long recovery by bulls?
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  • #7,869
  • May 2, 2014 4:08am May 2, 2014 4:08am
Quoting ClockTrader
{quote} 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
Yes not paying much attention to FF ATM as its true that it takes away full attention to trade.
To live a successful life, we must lose our fear of being wrong
  • #7,870
  • May 2, 2014 6:06am May 2, 2014 6:06am
To be on safe side, if you got 10 units of shorts, I would suggest hedge a few, if it falls fine, if it shoots, you get some leverage to raise your SL to something like 1315 or above
Hello World!
  • #7,871
  • May 2, 2014 6:09am May 2, 2014 6:09am
Quoting ClockTrader
To be on safe side, if you got 10 units of shorts, I would suggest hedge a few, if it falls fine, if it shoots, you get some leverage to raise your SL to something like 1315 or above
I believe gold has kept its bulls until data, but the question is how to make bull right after news and don't get margin, lol This will be hard!
  • #7,872
  • May 2, 2014 6:16am May 2, 2014 6:16am
Quoting ClockTrader
To be on safe side, if you got 10 units of shorts, I would suggest hedge a few, if it falls fine, if it shoots, you get some leverage to raise your SL to something like 1315 or above
Hi ClockTrader,

Have subscribed, just started trading Gold, why do you say it is going down and if to what levels. Do you give levels as well to watch. Would really appreciate if you can. I have a long entry from 1287 since yesterday but don't intent to keep it for long, may be exit before NFP or soon enough.

Cheers!
  • #7,873
  • May 2, 2014 6:24am May 2, 2014 6:24am
I believe manipulation will make xau go high before news and if data comes out worse than expected it will go down to 1268 level and then go high again. Gold can't go lower than this level IMO.
  • #7,874
  • May 2, 2014 6:30am May 2, 2014 6:30am
Looks like Bullish to me
Hello World!
  • #7,875
  • May 2, 2014 6:32am May 2, 2014 6:32am
Quoting workingforex
{quote} Hi ClockTrader, Have subscribed, just started trading Gold, why do you say it is going down and if to what levels. Do you give levels as well to watch. Would really appreciate if you can. I have a long entry from 1287 since yesterday but don't intent to keep it for long, may be exit before NFP or soon enough. Cheers!
http://www.forexfactory.com/showthre...19#post7443119
Hello World!
  • #7,876
  • May 2, 2014 6:37am May 2, 2014 6:37am
My view...

DRT
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  • #7,877
  • May 2, 2014 6:58am May 2, 2014 6:58am
Quoting ClockTrader
{quote} http://www.forexfactory.com/showthre...19#post7443119
Not taking me to the relevant post, probably you are trying to tell me something. Will look forward to see your opinion.

Cheers!
  • #7,878
  • May 2, 2014 7:06am May 2, 2014 7:06am
Quoting workingforex
{quote} Not taking me to the relevant post, probably you are trying to tell me something. Will look forward to see your opinion. Cheers!
I think its bullish today, could touch 1295, could be stormy too

Trade Light, Trade Safe!
Hello World!
  • #7,879
  • May 2, 2014 7:18am May 2, 2014 7:18am
Quoting ClockTrader
{quote} I think its bullish today, could touch 1295, could be stormy too Trade Light, Trade Safe!
What your long-term bias for it, like 10 days to a month if you don't mind me asking.

Thanx
  • #7,880
  • May 2, 2014 7:19am May 2, 2014 7:19am
Quoting ClockTrader
{quote} I think its bullish today, could touch 1295, could be stormy too Trade Light, Trade Safe!
It may touch 1304 and then a reverse a bit and it will end up the day around 1301-1302.. this is my views --- may be wrong
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