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  • #7,981
  • May 4, 2014 5:15pm May 4, 2014 5:15pm
Quoting vrshaiju
This could be helpful {image}
Sounds like there will not be any down by market opening, silver going higher...
  • #7,982
  • May 4, 2014 7:14pm May 4, 2014 7:14pm
Quoting pouyanv
{quote} Sounds like there will not be any down by market opening, silver going higher...
The metals often have a little spurt up at the open, its just noise mate I wouldn't take much notice of it for determining the trend.
  • #7,983
  • May 4, 2014 7:47pm May 4, 2014 7:47pm
Attached Image (click to enlarge)
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I should believe the gold required to retest 1290-1292 for a much stronger support.
there can be couples of short orders beyond my image around 1300.
no other killers to me but emotion
  • #7,984
  • May 4, 2014 8:19pm May 4, 2014 8:19pm
closed my longs on 1310, Gold should retest 1287 then it will go up to 1330 or even 1350 in one 4h candle. I will wait until 1287 to load bulls again.
  • #7,985
  • May 4, 2014 8:54pm May 4, 2014 8:54pm
REPEAT: --> Gold has already touch 1304, whats going to prevent it from kissing 1305 - 1310 range even if its a spike to hit the SLs?

--> SAID THIS ON SUNDAY!

Quoting ClockTrader
{quote} My analysis / calculus is zillions of light years away from how almost everyone speculates here. That is also the reason I don't like to share my analysis here or anywhere else except stuff like Golden Seasons etc. Having said that, Gold has already touch 1304, whats going to prevent it from kissing 1305 - 1310 range even if its a spike to hit the SLs? Like I've been saying I am expecting this to peak out. BUT, before I start selling seriously, I wish to observe how that BIG Bull behaves in NY session ahead on Mon. Additionally, I wish to...
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  • #7,986
  • May 4, 2014 9:04pm May 4, 2014 9:04pm
Quoting vrshaiju
This could be helpful {image}
looks good, but, I would suggest trade light, trade safe.
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  • #7,987
  • May 4, 2014 9:04pm May 4, 2014 9:04pm
Quoting ClockTrader
REPEAT: --> Gold has already touch 1304, whats going to prevent it from kissing 1305 - 1310 range even if its a spike to hit the SLs? --> SAID THIS ON SUNDAY! {quote} {image}
Time to sell shorts?
  • #7,988
  • May 4, 2014 9:13pm May 4, 2014 9:13pm
Quoting Karpa
{quote} Time to sell shorts?
Overly early.
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  • #7,989
  • May 4, 2014 9:15pm May 4, 2014 9:15pm
My 2 cents : Gold Daily has confirmed a trend line break and triple bottom. I guess it's good to go till 1330.

Attached Image (click to enlarge)
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  • #7,990
  • May 4, 2014 9:39pm May 4, 2014 9:39pm
Quoting Karpa
{quote} Time to sell shorts?
If you wish to test ultra-light short positions, I think it could be worth testing.
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  • #7,991
  • May 4, 2014 9:44pm May 4, 2014 9:44pm
Quoting ClockTrader
{quote} My patience broke and I just took a couple of test shorts to test the waters, despite the fact that I'm expecting gap-up re-opening.
The SL of these shorts is @ 1330, if short trend resumes and Bull effects in NY diminish OR short trend dominates the Bull in NY session I hope these test shorts could survive. In one more day, I expect further PA for this week to be clear.
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  • #7,992
  • Edited May 5, 2014 5:22pm May 4, 2014 9:46pm | Edited May 5, 2014 5:22pm
Quoting ClockTrader
{quote} Overly early.
I have some no stop EO resp 10L@1305, 20L@1300, 30L@1295 & 40L@1290. So speculating that an uptrend is in place, every retrace will be compensated . If I am wrong, and price breaks violently through 1300, I will step out manually: take my losses, close 1295 & 1290 EO and open SO.... To follow...

EO= Entry Order = Buy limit orders incrreasing in lots. SO=Sell limit order
  • #7,993
  • May 4, 2014 10:03pm May 4, 2014 10:03pm
Quoting bernbeach
{quote} I have some no stop EO resp 10L@1305, 20L@1300, 30L@1295 & 40L@1290. So speculating that an uptrend is in place, every retrace will be compensated . If I am wrong, and price breaks violently through 1300, I will step out manually: take my losses, close 1295 & 1290 EO and open SO.... To follow...
Can you please elaborate these acronyms EO and SO ?

If you are risking 1 - 2% of your account, I say, kooool.
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  • #7,994
  • May 4, 2014 10:35pm May 4, 2014 10:35pm
untill no war.. still expected to move down as US economy growing and lesser demand in China this year.

season may impact gold to move upside in June onwards due to increase in demand in India n Pakistan for religious n social events.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #7,995
  • May 4, 2014 10:46pm May 4, 2014 10:46pm
Quoting farukh
untill no war.. still expected to move down as US economy growing and lesser demand in China this year. season may impact gold to move upside in June onwards due to increase in demand in India n Pakistan for religious n social events.
I didn't know until now that demand in Pakistan affected Gold price in Forex.
Hello World!
  • #7,996
  • May 4, 2014 11:00pm May 4, 2014 11:00pm
Quoting ClockTrader
{quote} I didn't know until now that demand in Pakistan affected Gold price in Forex.
may be not.. but there is huge buying due to marriages in these months so i guessed so, i may be wrong..
P.S. Trade with the discipline of Money Management and Risk Management.
  • #7,997
  • May 4, 2014 11:27pm May 4, 2014 11:27pm
After China Really Bad Expansion data which signal contraction no doubt the Bulls move is going to be capped to prepare the way south to invalidate $1268 as a support.
  • #7,998
  • May 4, 2014 11:54pm May 4, 2014 11:54pm
On the daily and mid-term, as you can see the most recent bottom has been formed on 28th June 2013 at $1180.34, thereafter on Decemnber 13th 2013 the price has tried once more to overcome and break it below but failed and have been supported by buyers and caused it to climb again. The upward movement which was formed as an impulse was able to break above the bearish mid-term trend line and formed a top above it. We can see that every time for the correction move as a reversal the price has tried to cross $1280 below, the buyers has supported it from falling more strongly and it appears to be a serious problem for sellers to cross the area. Therefore, as the long-term fourth correction wave completes we are expecting that crossing $1330 again
will provide the climb arrangement for the wave to $1550 and then $1637 mid- term. In terms of time the arrangement should be set between 7th to 20th may 2014.

http://forex-fa14.blogspot.de/
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  • #7,999
  • May 5, 2014 12:01am May 5, 2014 12:01am
Quoting Superchor
My 2 cents : Gold Daily has confirmed a trend line break and triple bottom. I guess it's good to go till 1330. {image}
Ever done back-study on daily breaks? If yes, what was the true false ratio? Honestly, I am curious.
Hello World!
  • #8,000
  • May 5, 2014 12:50am May 5, 2014 12:50am
Quoting ClockTrader
{quote} Ever done back-study on daily breaks? If yes, what was the true false ratio? Honestly, I am curious.
It's not been that long since I have started looking into trendline breaks or say trading forex itself. But my point of view is the way price is being rejected from that support thrice. And the trendline break. It could test 1330 yet again.
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