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  • #8,641
  • May 14, 2014 6:24am May 14, 2014 6:24am
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  • #8,642
  • May 14, 2014 6:32am May 14, 2014 6:32am
Possible head and shoulders here on gold. With neckline along 1277
A 1 pip gain is better than a 1 pip loss.
  • #8,643
  • May 14, 2014 6:45am May 14, 2014 6:45am
bulls so in charge now.. no pull back to these areas, price is just edging up

new highs for the week, next target 1315
perhaps 1312, then back to 1303 then upwards beyond 1315
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  • #8,644
  • May 14, 2014 7:06am May 14, 2014 7:06am
this may be it - reaction in uptrend ended.

UP from here to new highs.

if you do not have long term position now is time to do it.

one may get better R:R via gold stocks. See GDX gold etf
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  • #8,645
  • May 14, 2014 7:15am May 14, 2014 7:15am
Quoting Verve
bulls so in charge now.. no pull back to these areas, price is just edging up new highs for the week, next target 1315 perhaps 1312, then back to 1303 then upwards beyond 1315 {image}
Even though I like to agree...7 the technicals also seem to match up... Gold has been disappointing these levels; we have to be careful of the news reports... We nee Pa to remain above 50 and 200 sma at todays close...

Hopefully we will see more upside; keeping my view on my last post in mind regarding equities and us dollar topping out for the time being!
  • #8,646
  • May 14, 2014 7:21am May 14, 2014 7:21am
Quoting aeternum
Possible head and shoulders here on gold. With neckline along 1277
Hi Aeternum,

I'm new here but I noticed the same thing. I expect the pair to go south soon. (Especially after the last push on 1H timeframe.)

Best regards
  • #8,647
  • May 14, 2014 7:25am May 14, 2014 7:25am
13.25 - 13.30

Whaddaya say!!!

H4 Chart Screenshot


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  • #8,648
  • May 14, 2014 7:26am May 14, 2014 7:26am
Quoting Superchor
13.25 - 13.30 Whaddaya say!!! {image}
Poss - but not today.
  • #8,649
  • May 14, 2014 7:28am May 14, 2014 7:28am
Quoting whackdiddy
{quote} Just thought I would share.. this is my counter to CNN and Bloomy.. Sometimes almost english tabloid but it gives another view on current news. So I normally check CNN, Bloomy, site below and other media to attempt to hear from all sides of the world. http://rt.com/op-edge/158664-role-of...ainian-crisis/
I will add many more to this list..Al jazeera, sky news, bbc, reutuers, cnbc etc...

Its good to get different opinion from different perspectives....but "live event driven trading" responds to cues from bloomberg and western mainstream media...
  • #8,650
  • May 14, 2014 7:38am May 14, 2014 7:38am
Quoting whackdiddy
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?
It could be the divergences on the daily and 4 hr actiing out finally...This i barely "a mad bull run"
  • #8,651
  • May 14, 2014 8:03am May 14, 2014 8:03am
Quoting Verve
{quote} 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
Since I am not trading these days, I plan to initiate a short tomorrow on paper, like I said in the Asian session, I expect this to peak out today. The color of bars are in line with my calculus. I may also hit the "Sell" button around 12 pm NY, EST, that would be early though, but a test would do no harm, particularly on paper.

Fingers crossed!
Hello World!
  • #8,652
  • May 14, 2014 8:05am May 14, 2014 8:05am
Quoting seaman2
this may be it - reaction in uptrend ended. UP from here to new highs. if you do not have long term position now is time to do it. one may get better R:R via gold stocks. See GDX gold etf {image}
Hello mate, I feel very good when I see friends like you around who have contributed to this thread when it was in its infancy :-) (first few months, lolz) Feels good to see you.

As for long longs I plan to be patient until May-End or early June :-) Good Luck to all.
Hello World!
  • #8,653
  • May 14, 2014 8:06am May 14, 2014 8:06am
Quoting mact4
Thought today was going to be an Inside day and was going to bypass any trades. 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. Pin bar came off a Trend line - which seems to be holding quite well.) 3 targets set at 50, 100 and 150 pips. Price still inside daily bar set on 12 May. Will have to see if price breaks out of it and goes towards the top of my channel, or I have to settle for fewer pips. M15 has an upper Trend line. Will have to see how price reacts to that TL....
Out now. +50, +100, +100. Price retracing. When I get greedy, I end up giving back pips. Price might reach my final target but I'm happy to be in +ve territory.
  • #8,654
  • May 14, 2014 8:16am May 14, 2014 8:16am
Quoting ClockTrader
{quote} Hello mate, I feel very good when I see friends like you around who have contributed to this thread when it was in its infancy :-) (first few months, lolz) Feels good to see you. As for long longs I plan to be patient until May-End or early June :-) Good Luck to all.
I'm also inboard buying in June. But first for this to go lower.
A 1 pip gain is better than a 1 pip loss.
  • #8,655
  • May 14, 2014 8:59am May 14, 2014 8:59am
my opinion is USD sweet resistance at weekly R1 level here is MACD 4H signal which is short signal and maybe price turn to the weekly pivot point level , which is good for Gold.
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  • #8,656
  • May 14, 2014 9:03am May 14, 2014 9:03am
Hello Traders
I am novice trader and want to ask you if is ok to put 20 pibs T.P. and 60 S.L. on XAUUSD.
Thank you very much.
  • #8,657
  • May 14, 2014 9:28am May 14, 2014 9:28am
Quoting AlLaN.r0
Hello Traders I am novice trader and want to ask you if is ok to put 20 pibs T.P. and 60 S.L. on XAUUSD. Thank you very much.
dat is a BAD risk to reward. i am sorry to say, as novice trader gold is not yet gold for u. just my opinion boss.
  • #8,658
  • May 14, 2014 9:31am May 14, 2014 9:31am
OK)
And what is from your point of view the badest strategy to trade gold?
Thank you very much!
  • #8,659
  • May 14, 2014 9:51am May 14, 2014 9:51am
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price being squezzzzed now will it pop up or drop down ? short, for me sl 1315 plan as posted last week gl
  • #8,660
  • May 14, 2014 10:04am May 14, 2014 10:04am
all trailing stop hit on my gold buy.............. still end up in profits.............watching for another bullish signal..............
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