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  • #8,621
  • May 14, 2014 2:56am May 14, 2014 2:56am
Quoting PurePA
Silver is at critical area, if the price break through 19.75 area with a strong momentum, I anticipate it will easily get to 20.10 area. This will lead gold as well. {image}
Yep, watching both closely, anticipating a large retrace down as indicators have not budged really.
Actually on the M15 I am seeing a tk twist to the bear already, so bull run may be over already.

Might be time to jump on a short.
A genius is born every minute, me I am lucky if my socks match.
  • #8,622
  • May 14, 2014 2:59am May 14, 2014 2:59am
So can someone enlighten me, what was the cause of that mad bull run?
Yes US Data down, but that was yesterday's news. What just happened to cause computers around the world to buy gold?
A genius is born every minute, me I am lucky if my socks match.
  • #8,623
  • May 14, 2014 3:20am May 14, 2014 3:20am
Almost wondering if it is a shake and bake sale, to clear positions before a tumble to the downside.

On the H4 I am seeing a potential for 19.3xx so this bull run is not making much sense to me. Sorry that is for silver.. obviously.

For Gold on the H4 I am seeing 1292.53 after what appears a nice double top.
A genius is born every minute, me I am lucky if my socks match.
  • #8,624
  • May 14, 2014 3:25am May 14, 2014 3:25am
I keep refreshing to see if anybody is calling me ...

But on the Gold M1 I am seeing that we have topped the cloud and are on a down slope,
however watch for another bull slope that is showing us getting back to 1300 level before a stronger down slope emerges.
A genius is born every minute, me I am lucky if my socks match.
  • #8,625
  • May 14, 2014 3:57am May 14, 2014 3:57am
Quoting whackdiddy
I keep refreshing to see if anybody is calling me ... .
You seem to be trying to convince yourself as do alot of bear traders at the moment that metals should go lower
Im generally biased on them being long, im not biased on any other products and nor should a trader be, just saying why shouldnt the metals be higher after all the manipulation discussed over the last few months
  • #8,626
  • May 14, 2014 4:03am May 14, 2014 4:03am
Quoting Verve
{quote} You seem to be trying to convince yourself as do alot of bear traders at the moment that metals should go lower Im generally biased on them being long, im not biased on any other products and nor should a trader be, just saying why shouldnt the metals be higher after all the manipulation discussed over the last few months
you are 100% right, I am trying to convince myself.
Fundamentals tell me to go long, technicals telling me to go short.

Just going to sit on current trades and wait for them to hit TP.. Might take it easy on here for a while.
A genius is born every minute, me I am lucky if my socks match.
  • #8,627
  • May 14, 2014 4:05am May 14, 2014 4:05am
Quoting ClockTrader
{quote} Its going down, IMHO. Lets say if I'm wrong, I would be happy to buy from higher price in June, latest by June-End for long term. I would like to remain on sidelines until early-June or May-End.
wait on the sidelines, come on, its game time.. i was waiting for that buyer bar today so i think she has more room to the upside, maybe pullback then up... however trend is changing, ma's are crossing up, im targeting 25.00 for XAG leaving my position to run, live acc
  • #8,628
  • May 14, 2014 4:09am May 14, 2014 4:09am
Quoting whackdiddy
{quote} you are 100% right, I am trying to convince myself. Fundamentals tell me to go long, technicals telling me to go short. Just going to sit on current trades and wait for them to hit TP.. Might take it easy on here for a while.
that was honest, well why not swap increase trade size and go long, of course thats when it will go short
technical signs changing to long soon i hope, then you can jump on board
  • #8,629
  • May 14, 2014 4:12am May 14, 2014 4:12am
Quoting mact4
Then M15 showed momentum breaking out of a wedge. Took 3 lots with small SL at 50 pips away (pin bar on M15 in Tokyo session. First target hit. SL on remaining 2 lots moved to just below current H4 candle i.e. within wedge. If SL gets taken out, should still result in BE
well done
Are those live trades, they would be worth a shed load
  • #8,630
  • May 14, 2014 4:15am May 14, 2014 4:15am
Quoting Verve
{quote} well done Are those live trades, they would be worth a shed load
Yes live. But not worth a shed load! Just about £60. Still profit is profit.

M15 stalling. Not sure if going to hang on or not. Still trying to decide....
  • #8,631
  • May 14, 2014 4:16am May 14, 2014 4:16am
I see down trend last two days, but now the trend is changing and changing
  • #8,632
  • May 14, 2014 4:20am May 14, 2014 4:20am
I guess I should close 2 long positions at 1304 while the bears are hibernating..
  • #8,633
  • May 14, 2014 4:28am May 14, 2014 4:28am
Only 60gbp thats impossible those were lot positions right so 5gbp per pip or thereabouts, i have more than that in equity on a 0.07 position

check out this thread, since its xau only
This is a xau only strategy

http://www.forexfactory.com/showthre...=483670&page=2
  • #8,634
  • May 14, 2014 4:30am May 14, 2014 4:30am
Quoting whackdiddy
{quote} you are 100% right, I am trying to convince myself. Fundamentals tell me to go long, technicals telling me to go short. Just going to sit on current trades and wait for them to hit TP.. Might take it easy on here for a while.
@ bolded, even on own side here all technical tools i use still says long. daily & 4hr even d 1hr here.
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  • #8,635
  • May 14, 2014 4:34am May 14, 2014 4:34am
Quoting Verve
Only 60gbp thats impossible those were lot positions right so 5gbp per pip or thereabouts, i have more than that in equity on a 0.07 position check out this thread, since its xau only This is a xau only strategy http://www.forexfactory.com/showthre...=483670&page=2
No, not full lot positions. Acct not large enough. Have a spreadbet account with allows for very small bets, smallest at 0.1. The 1.2 lots you see on my chart equates to £1.20 per pip, hence 50 pip = £60.
  • #8,636
  • May 14, 2014 4:54am May 14, 2014 4:54am
Quoting mact4
{quote} No, not full lot positions. Acct not large enough. Have a spreadbet account with allows for very small bets, smallest at 0.1. The 1.2 lots you see on my chart equates to £1.20 per pip, hence 50 pip = £60.
I see, okay that makes sense so there are several spreadbetters
  • #8,637
  • May 14, 2014 5:52am May 14, 2014 5:52am
2nd TP hit for +100. Momentum still ok so leaving 3rd order to reach TP for +150, SL at +30
  • #8,638
  • May 14, 2014 6:02am May 14, 2014 6:02am
I will take some profits if I see some serious rejections at current supply zone.. cheers buyers~
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  • #8,639
  • May 14, 2014 6:07am May 14, 2014 6:07am
playing out as expected...............
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  • #8,640
  • May 14, 2014 6:11am May 14, 2014 6:11am
Quoting leopower
playing out as expected............... {image}
Hmm. You guys are making me rethink about my final TP. Moving it up by 50 pips to top of my channel.
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