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  • #8,381
  • May 8, 2014 8:32am May 8, 2014 8:32am
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!!!
The euro has seem to reversed too.. any sense in that
  • #8,382
  • May 8, 2014 8:40am May 8, 2014 8:40am
Quoting waleed.khan
{quote} The euro has seem to reversed too.. any sense in that
i have the feeling the whole drop was based on his words that they are ready to act in June if needed ...
other than that he was not more concerned about the law inflation than usual
newbie is confused
  • #8,383
  • May 8, 2014 8:40am May 8, 2014 8:40am
Quoting waleed.khan
{quote} The euro has seem to reversed too.. any sense in that
I think whose S/Ls have been hit, they might re-enter with longs assuming lows have been made!!! And I don't think it will go up for now!! might make a new low too (to hunt S/Ls of re-entered buyers)
  • #8,384
  • May 8, 2014 8:45am May 8, 2014 8:45am
With China numbers good, US numbers good, BOE and ECB not doing anything, and Yellen staying the course, plus elections looming in Ukraine on the 25th of May (and Putin saying pretty words), I am shorting on every pop up and scalping some trades, while leaving some open. First target is 1270, with secondary target of 1250.
"The market can remain irrational longer than you can remain solvent"
  • #8,385
  • May 8, 2014 8:54am May 8, 2014 8:54am
Quoting bonnzi
{quote} i have the feeling the whole drop was based on his words that they are ready to act in June if needed ... other than that he was not more concerned about the law inflation than usual newbie is confused
haha.. you see we can sit and rationalize about this all day...but in the short term the market will do its own thing.

For the sake of rationalizing...Ill make an attempt too... honestly If he provides stimulus to juice up the economy and lower the euro or raise interest rates etc (for whatever reason); It really doesnt matter because zero int rates on the usd will mitigate all of that in the medium to long term!
  • #8,386
  • May 8, 2014 8:58am May 8, 2014 8:58am
the 100 sma is the last line of defence! we must close the day above it! Otherwise...
  • #8,387
  • May 8, 2014 9:04am May 8, 2014 9:04am
my pivot S1 is at 1279.28 hope it gets there.

Regarding SL spikes, I've seen there's client-side indicators that manage SL, TP and many other goodies
  • #8,388
  • May 8, 2014 9:16am May 8, 2014 9:16am
Quoting Karpa
my pivot S1 is at 1279.28 hope it gets there. Regarding SL spikes, I've seen there's client-side indicators that manage SL, TP and many other goodies
The probability of going lower is a lot higher right now...so we just might hit your target. The 1hr chart candles posted in the 3 hrs are devastating.

But I wouldnt be surpised if we spike up again above the 100 day towards the close of day!
  • #8,389
  • May 8, 2014 9:23am May 8, 2014 9:23am
I have no idea what is going on.... from my little experience I dont see any reason why gold should be dropping any further!!

This from another thread what do you think??
http://www.forexfactory.com/attachme...1&d=1399541750​
  • #8,390
  • May 8, 2014 9:30am May 8, 2014 9:30am
Quoting Yus191
I have no idea what is going on.... from my little experience I dont see any reason why gold should be dropping any further!! This from another thread what do you think?? {image}​
From a wave cycle perspective that makes sense... (Ièm not to shore about the floor there...)

Im simply referring to the candlestick formations on the hourly chart that have formed in the last 3 hrs... they are giving a bearish signal; but the 100 day sma is so far (and has in the recent past) acted as good support...
  • #8,391
  • May 8, 2014 9:36am May 8, 2014 9:36am
Quoting waleed.khan
{quote} From a wave cycle perspective that makes sense... (Ièm not to shore about the floor there...) Im simply referring to the candlestick formations on the hourly chart that have formed in the last 3 hrs... they are giving a bearish signal; but the 100 day sma is so far (and has in the recent past) acted as good support...
there's a 50% fib at 1287.177 on my chart just below as well. This is from the low to high from December to March. I am sure that is providing some support as well.
  • #8,392
  • May 8, 2014 9:41am May 8, 2014 9:41am
Quoting pchees
{quote} there's a 50% fib at 1287.177 on my chart just below as well. This is from the low to high from December to March. I am sure that is providing some support as well.
Sweet...thats well spotted... We have a little confluence then... The hidden divergence is still in play too! So we never know! This could be the turning point.. but one still should be careful!
  • #8,393
  • May 8, 2014 10:05am May 8, 2014 10:05am
The daily chart indicates there is plenty of room to the downside if 1288.00 is taken out with conviction.. The first target is 1280.00
P.S. Trade with the discipline of Money Management and Risk Management.
  • #8,394
  • Edited 10:20am May 8, 2014 10:09am | Edited 10:20am
I am 100% sure the Gold and Silver will up sooner, if any one buy those they will get good profits like meeeeeeeeeeeeee
  • #8,395
  • May 8, 2014 10:09am May 8, 2014 10:09am
Gold price come to silver and silver cost come to a metal but it is impossible..........
  • #8,396
  • May 8, 2014 10:28am May 8, 2014 10:28am
Very careful, I am seeing more downside. Not strong signal but it is there.
A genius is born every minute, me I am lucky if my socks match.
  • #8,397
  • May 8, 2014 10:34am May 8, 2014 10:34am
yes it is a lot gloomy now, but as long as it keeps bouncing above 1287/8 i will keep my longs open as their is still a good chance of a big rise.
  • #8,398
  • May 8, 2014 10:55am May 8, 2014 10:55am
Quoting Johnsaba
I am 100% sure the Gold and Silver will up sooner, if any one buy those they will get good profits like meeeeeeeeeeeeee
This fellow's previous call was 100% perfect, watch his calls fellas.
Hello World!
  • #8,399
  • May 8, 2014 11:00am May 8, 2014 11:00am
Quoting Johnsaba
I am 100% sure the Gold and Silver will up sooner, if any one buy those they will get good profits like meeeeeeeeeeeeee
Can you tell us something about yourself mate? You look new here, like how long you been trading? In your other post you posted a nice chart that included gartley etc. I wonder what technical stuff you follow?

Share only what you feel like, no obligation.

PS: Time to call it a day, catcha tomorrow fellas.
Hello World!
  • #8,400
  • May 8, 2014 11:04am May 8, 2014 11:04am
If this fella Johnsaba or any other could give a win rate of 7/10, that would be awesome.

Lets search and find if we have a smart genius around.

PS: Wish you all a good one.
Hello World!
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