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Only Gold!

  • #8,361
  • May 8, 2014 3:19am May 8, 2014 3:19am
Off to the scotch for a whiskey bar...

Green pips guys, have a stellar night.
A genius is born every minute, me I am lucky if my socks match.
  • #8,362
  • May 8, 2014 3:22am May 8, 2014 3:22am
http://www.orderflowtrading.com/Fore...sentiment.aspx
  • #8,363
  • May 8, 2014 4:22am May 8, 2014 4:22am
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  • #8,364
  • May 8, 2014 5:03am May 8, 2014 5:03am
HA! it happened again I put a stop loss at 1288.57 for one of my lots and it went just near it took it out and then reversed!

Tell me guys do brokers play around with your stop losses? This seems to happen more on XAUUSD then any other pair.... Just basing on previous experience when the same happened there was a big movement up or further down....... expecting a big candle very soon! let see
  • #8,365
  • May 8, 2014 5:08am May 8, 2014 5:08am
definitely Long for me and expecting a quick jump
  • #8,366
  • May 8, 2014 5:25am May 8, 2014 5:25am
Quoting Yus191
definitely Long for me and expecting a quick jump
agree, im long too. will target 1325
fokyou forexfactory
  • #8,367
  • May 8, 2014 6:38am May 8, 2014 6:38am
Quoting DNTme
{quote} agree, im long too. will target 1325
if gold touch to 1325 then gold will go more upside to 1375....1440 ....

i think gold will go down to 1260, 1240 sl will be closing base 1323....

so sell with sl
Good taste is better than bad taste, but bad taste is better than no taste
  • #8,368
  • May 8, 2014 7:24am May 8, 2014 7:24am
Quoting Yus191
HA! it happened again I put a stop loss at 1288.57 for one of my lots and it went just near it took it out and then reversed! Tell me guys do brokers play around with your stop losses? This seems to happen more on XAUUSD then any other pair.... Just basing on previous experience when the same happened there was a big movement up or further down....... expecting a big candle very soon! let see
FXCM's spikes are longer than any other broker out there, that means if FXCM is your broker, the chances of your SL getting hit are higher.

Compare the spikes of your broker with others. Signup for demo account with a few. Search forums and check comparison charts.
Hello World!
  • #8,369
  • May 8, 2014 7:45am May 8, 2014 7:45am
Very bad candles being formed on the hr and 4hr... this is the moment of truth for the bulls...they need to reject the pull down...(rejection candle) otherwise we will hit the south pole!
  • #8,370
  • May 8, 2014 7:48am May 8, 2014 7:48am
Quoting waleed.khan
Very bad candles being formed on the hr and 4hr... this is the moment of truth for the bulls...they need to reject the pull down...(rejection candle) otherwise we will hit the south pole!
Even though everything else seems to suggest that there should be an up day!
  • #8,371
  • May 8, 2014 7:52am May 8, 2014 7:52am
i'm new to this...could u pls explain wat is rejection candle?..thx a lot
  • #8,372
  • May 8, 2014 8:01am May 8, 2014 8:01am
draghis comments....... looking good for gold@???
  • #8,373
  • May 8, 2014 8:06am May 8, 2014 8:06am
Quoting waleed.khan
{quote} Even though everything else seems to suggest that there should be an up day!

Pure manipulation happening here!!!

Did you check on Euro?? 100 point range in ten mins!!! its only S/L hunting!!!

Yesterday one of the reasons for gold decline was depressing data in China and though Chinese data was positive today there wasn't any reaction from gold!!!
Even today we saw S/L been hit on the upper side as well as lower side and it bounced quickly on either direction!!!
  • #8,374
  • May 8, 2014 8:07am May 8, 2014 8:07am
ok seems so, i was confused as to why gold was dropping when draghis confirming EU is still in a concern and other negative comments about the world, shouldnt we be shoooting high high.............anyone?? why arent we
  • #8,375
  • May 8, 2014 8:11am May 8, 2014 8:11am
Quoting mcgross
i'm new to this...could u pls explain wat is rejection candle?..thx a lot
Well in short... when price attempts to go in one direction but pulls back forming a hammer (pinbar) kind of candle on its close!

basically to indicate a "counter pounch"
  • #8,376
  • May 8, 2014 8:13am May 8, 2014 8:13am
Quoting Ranjeet1488
{quote} Pure manipulation happening here!!! Did you check on Euro?? 100 point range in ten mins!!! its only S/L hunting!!! Yesterday one of the reasons for gold decline was depressing data in China and though Chinese data was positive today there wasn't any reaction from gold!!! Even today we saw S/L been hit on the upper side as well as lower side and it bounced quickly on either direction!!!
sl hunting is what happen at pivotal moments...People are still very bearish it seems...
  • #8,377
  • May 8, 2014 8:18am May 8, 2014 8:18am
waiting on the rest of yellen's comments but atm have buy orders in around 19.1 on silver and waiting on gold atm
  • #8,378
  • May 8, 2014 8:19am May 8, 2014 8:19am
Quoting Yus191
ok seems so, i was confused as to why gold was dropping when draghis confirming EU is still in a concern and other negative comments about the world, shouldnt we be shoooting high high.............anyone?? why arent we
Because markets are ultimately irrational in the face of panic...
I think if i have to describe gold in a few words these days; its tunnel visioned, dyslexic and intensely gullible!
trading when the 50 sma on the daily chart is flat is bound to lead to more losses!
  • #8,379
  • May 8, 2014 8:21am May 8, 2014 8:21am
thx a lot khan!!.. u r so helpful
  • #8,380
  • May 8, 2014 8:27am May 8, 2014 8:27am
Quoting mcgross
thx a lot khan!!.. u r so helpful
You are welcome!
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