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Only Gold!

  • #8,121
  • May 6, 2014 3:35am May 6, 2014 3:35am
bloodbath in Ukraine will do nicely for gold
  • #8,122
  • May 6, 2014 3:45am May 6, 2014 3:45am
1st tgt 1321 2nd tgt 1331
  • #8,123
  • May 6, 2014 4:27am May 6, 2014 4:27am
Not sure of the direction today! Any help anyone about what is happening ?
  • #8,124
  • May 6, 2014 4:30am May 6, 2014 4:30am
Quoting goldfinger
1st tgt 1321 2nd tgt 1331
first come down 1290-1295 then go up for your tgt.
  • #8,125
  • May 6, 2014 4:43am May 6, 2014 4:43am
It will be go down! 1285-82
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  • #8,126
  • May 6, 2014 5:08am May 6, 2014 5:08am
Quoting pchees
I went long a few minutes ago (just before London open) after the breakout of a triangle I identified. My target is the recent high but will continue to follow up. My strategy is to play the London and New York opens on a 1 hour chart. Typical targets are around 50 - 100 pips but will close earlier if lack of momentum. At the end of a day a profit is a profit. {image}

Ok was stopped out of that one. Now short.
  • #8,127
  • May 6, 2014 5:16am May 6, 2014 5:16am
Quoting haiderqazi
It will be go down! 1285-82 {image}
i am going to hold you to that...

2 x shorts @ 1309.59 and @ 1308.99 for half a clip each. 0.5 lots
A genius is born every minute, me I am lucky if my socks match.
  • #8,128
  • May 6, 2014 5:43am May 6, 2014 5:43am
Quoting whackdiddy
{quote} i am going to hold you to that... 2 x shorts @ 1309.59 and @ 1308.99 for half a clip each. 0.5 lots
congrat..gold down to 1306.xx test to 1280 or 1240 i think
traderbandung.blogspot.com
40%more All Time Return: 10.5%
  • #8,129
  • May 6, 2014 5:55am May 6, 2014 5:55am
I repeat, I would be patient until 12 pm NY with my test shorts.

I think it can bounce off 1306, right now @ 1308, trade light, trade safe.
Hello World!
  • #8,130
  • May 6, 2014 6:07am May 6, 2014 6:07am
Quoting ClockTrader
I repeat, I would be patient until 12 pm NY with my test shorts. I think it can bounce off 1306, right now @ 1308, trade light, trade safe.
I would not be surprised if it falls $5 from 1310 and then bounces to create today's high, whatever, I'll be patient.
Hello World!
  • #8,131
  • May 6, 2014 6:32am May 6, 2014 6:32am
I'm long for sure! Don't you think we have a harmonic movement here

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  • #8,132
  • May 6, 2014 6:44am May 6, 2014 6:44am
Quoting ClockTrader
{quote} I would not be surprised if it falls $5 from 1310 and then bounces to create today's high, whatever, I'll be patient.
I expect the price to move 40-50 $ as if silver goes higher it will come out of the weekly triangle and then the price increases crazy.
  • #8,133
  • May 6, 2014 6:46am May 6, 2014 6:46am
Quoting pouyanv
{quote} I expect the price to move 40-50 $ as if silver goes higher it will come out of the weekly triangle and then the price increases crazy.
Do you mean that Gold will shoot 40 - 50 $s from 1305-10 range? Goshh, thats too hyper, IMHO
Hello World!
  • #8,134
  • Edited 7:03am May 6, 2014 6:51am | Edited 7:03am
@ 1305-08, looks good to test longs for day trading


edit: days = day *
Hello World!
  • #8,135
  • May 6, 2014 6:58am May 6, 2014 6:58am
I'm personally looking for 1290-1293 in the next 24hours.. I feel we have unfinished business here.

EDIT: That does not mean I will switch to a long position, I am curious to see the PA and if the buying is there, otherwise a poor bounce will likely lead to testing the next support around 1285 (in my eyes).

Could be wrong, we can't all be right. Happy trading guys!
  • #8,136
  • May 6, 2014 7:01am May 6, 2014 7:01am
Quoting Mitchoss
I'm personally looking for 1290-1293 in the next 24hours.. I feel we have unfinished business here.
traderbandung.blogspot.com
40%more All Time Return: 10.5%
  • #8,137
  • May 6, 2014 7:07am May 6, 2014 7:07am
Quoting ClockTrader
{quote} Do you mean that Gold will shoot 40 - 50 $s from 1305-10 range? Goshh, thats too hyper, IMHO
That's exactly what i mean
No that's not hyper, it happens for gold, at the time silver rejects to go more lower IMO. if silver make a high of 19,8 then gold is high too, then silver will reach 20.6 or higher in a short time and gold follows...
  • #8,138
  • May 6, 2014 7:09am May 6, 2014 7:09am
Quoting pouyanv
{quote} That's exactly what i mean No that's not hyper, it happens for gold, at the time silver rejects to go more lower IMO. if silver make a high of 19,8 then gold is high too, then silver will reach 20.6 or higher in a short time and gold follows...
It happens for Gold, right, but, not today mate, IMHO.

I don't know how to trade news, but, my key hr + volatility meter strategy suggest it should shoot before / after the news ahead.
Hello World!
  • #8,139
  • May 6, 2014 7:10am May 6, 2014 7:10am
Quoting Mitchoss
{quote} Couldn't agree more. I would take advise from someone who has made money with a live account. Someone who puts there nards on the line before a demo trader who never exposes themself to any real risk and calls shots. The only source of knowledge is experience. Experience is one thing you can't get from a demo account, or simply analysing charts. Exposure to the demon that will keep you awake at night while you have a losing trade trickling away your hard earnt money. Exposure to the euphoria you experience when you make money by sitting...
Exactimo! exposure and experience...! Thanks for your input!
  • #8,140
  • Edited 7:26am May 6, 2014 7:12am | Edited 7:26am
PA might be on its way to retrace the fib levels... 1300 and maybe even 1295!

*I think this might be a minor retracement only....look at dollar index its falling steeply!
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