Only Gold! | Page 448 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #8,941
  • May 20, 2014 9:50am May 20, 2014 9:50am
Quoting waleed.khan
{quote} No prob mate! A little bit of banter don't hurt at all...its actually enjoyed You are right about the aussie...it was due for a fall...question is will it hold the 50 sma on its close and bounce back tomorrow?
i will try not to bore the gold barrons..
But AUD is really hard for me as psych messes with my trades. AUD should in my opinion be under .80 now.. Aus is really not doing well and not many prospects to aid the dollar in the future with company's pulling out left right and centre. So I go in for a short on fundamentals whist thinking I am trading technical if you know what I mean. Then the UK and US traders come in and drive her through the roof. Sometimes being too close and watching the local news does not help the trading, just my situation. Others would be much more mature with their trading in this regard.
A genius is born every minute, me I am lucky if my socks match.
  • #8,942
  • May 20, 2014 9:52am May 20, 2014 9:52am
Bears not nailing those downside targets, appears to be a slight bullish bias, but still ranging nonetheless.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 39 KB
"Where you want to be is always in control, never wishing, always trading.
  • #8,943
  • May 20, 2014 9:54am May 20, 2014 9:54am
guys I am seeing some sideways action for the next 8 or so hours.. not much at .. can anyone confirm?
See chart, cloud to the right past current candle on the H4..
alerts are set, so will close out the bottom two short that I have for small profit and leave my two long running shorts in place.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 83 KB
A genius is born every minute, me I am lucky if my socks match.
  • #8,944
  • May 20, 2014 9:54am May 20, 2014 9:54am
Quoting whackdiddy
{quote} i will try not to bore the gold barrons.. But AUD is really hard for me as psych messes with my trades. AUD should in my opinion be under .80 now.. Aus is really not doing well and not many prospects to aid the dollar in the future with company's pulling out left right and centre. So I go in for a short on fundamentals whist thinking I am trading technical if you know what I mean. Then the UK and US traders come in and drive her through the roof. Sometimes being too close and watching the local news does not help the trading, just my situation....
AUD is one the few currencies with decent yield now, its a target for carry trades so I don't think it will fare too poorly unless the RBA signals that its about to slash rates again.
"Where you want to be is always in control, never wishing, always trading.
  • #8,945
  • May 20, 2014 9:54am May 20, 2014 9:54am
Quoting Spec_And
Bears not nailing those downside targets, appears to be a slight bullish bias, but still ranging nonetheless. {image}
thanks, that is what I am seeing.
A genius is born every minute, me I am lucky if my socks match.
  • #8,946
  • May 20, 2014 9:56am May 20, 2014 9:56am
Quoting Spec_And
{quote} AUD is one the few currencies with decent yield now, its a target for carry trades so I don't think it will fare too poorly unless the RBA signals that its about to slash rates again.
I had a pealer (awesome, great) of a tip once about the AUD, and those currencies with high yield. Don't short them period.. Starting to think and take note of it..
A genius is born every minute, me I am lucky if my socks match.
  • #8,947
  • May 20, 2014 9:58am May 20, 2014 9:58am
Quoting whackdiddy
guys I am seeing some sideways action for the next 8 or so hours.. not much at .. can anyone confirm? See chart, cloud to the right past current candle on the H4.. alerts are set, so will close out the bottom two short that I have for small profit and leave my two long running shorts in place. {image}
Well I respect the pinbar on the 4 hr chart the most...
  • #8,948
  • May 20, 2014 9:59am May 20, 2014 9:59am
Look like a nice short term bounce, but more bias to the south side.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 38 KB
The only winner is the one who survive the longest...
  • #8,949
  • May 20, 2014 10:01am May 20, 2014 10:01am
Quoting kinspk
Look like a nice short term bounce, but more bias to the south side. {image}
Thanks kinspk, will set some trailing stop loss on the trades and check in the morning...
1AM, I am hitting the pillow..

Happy trading guys.
A genius is born every minute, me I am lucky if my socks match.
  • #8,950
  • May 20, 2014 10:03am May 20, 2014 10:03am
Quoting whackdiddy
{quote} the above may be incorrect but it is just how I picture it.
No problem Whackdiddy did not mean to be nitty..just a few lines the sand: http://www.mql5.com/en/charts/189297...ncial-services
  • #8,951
  • May 20, 2014 10:04am May 20, 2014 10:04am
Quoting waleed.khan
{quote} Well I respect the pinbar on the 4 hr chart the most...
Happy if pinbar works out, it is in my favor.

LOL, always the way, I am about to call it quits and she starts running.. ... grr. so
A genius is born every minute, me I am lucky if my socks match.
  • #8,952
  • May 20, 2014 10:05am May 20, 2014 10:05am
Quoting whackdiddy
{quote} So I go in for a short on fundamentals whist thinking I am trading technical if you know what I mean.
Well in terms of technicals there seems to be a very smooth looking rounding top...plus its almost like a double top too and the oscillators think that it has further room for the downside... My only concern is the 50 sma...It does seem to respect the 50 sma!

If it does break though...there is potentially a lot of downside..50 retracement or even a retest of 0.86 level
  • #8,953
  • May 20, 2014 10:06am May 20, 2014 10:06am
What states come online around this time.. often see large plays at 1AM Aussie time.
A genius is born every minute, me I am lucky if my socks match.
  • #8,954
  • May 20, 2014 10:09am May 20, 2014 10:09am
Quoting whackdiddy
What states come online around this time.. often see large plays at 1AM Aussie time.
This is close to london close...so that is why volumes pick up!
  • #8,955
  • May 20, 2014 10:11am May 20, 2014 10:11am
I know it is the M1 but if we confirm a TK cross here we are in for some strong bear momentum..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 66 KB
A genius is born every minute, me I am lucky if my socks match.
  • #8,956
  • May 20, 2014 10:14am May 20, 2014 10:14am
Quoting whackdiddy
I know it is the M1 but if we confirm a TK cross here we are in for some strong bear momentum.. {image}
there is a lot of room for the downside...the pinbar is $10 in length...(the rule is price should not break the bottom of the pin bar)
  • #8,957
  • May 20, 2014 10:30am May 20, 2014 10:30am
For the last day or so, I've been talking about a peak out within a day or two, so here it is:

Clear volatility indicating sell area: 1292 - 1310

I would love to watch it fall ahead.

IF this falls occurs as expected, it will fit perfectly in the Golden Seasons time frame. Come June and I shall be talking nothing but long term longs with test longs to start early June, final and loads of longs by June-End and in July.

PS: I got one small test short @ 1304 on paper, will use it as symbolic trade in line with Golden seasons and recent volatility patterns.
Hello World!
  • #8,958
  • May 20, 2014 10:55am May 20, 2014 10:55am
Quoting ClockTrader
For the last day or so, I've been talking about a peak out within a day or two, so here it is: Clear volatility indicating sell area: 1292 - 1310 I would love to watch it fall ahead. IF this falls occurs as expected, it will fit perfectly in the Golden Seasons time frame. Come June and I shall be talking nothing but long term longs with test longs to start early June, final and loads of longs by June-End and in July. PS: I got one small test short @ 1304 on paper, will use it as symbolic trade in line with Golden seasons and recent volatility patterns....
CT, can you please remind me, according your Golden Seasons system, longs period is starting somewhen nearby? Or strictly in June ?
  • #8,959
  • May 20, 2014 11:00am May 20, 2014 11:00am
Here is a quick look at Golden Seasons.

Arrow-Up is June (Buy)
Arrow-Down is Jan (Sell)

When you buy around June (preferably around June-End), you have to sell the Gold-Stock by Jan. Partial profit must be taken sometime before/around Sep. If you are a very smart investor with trading skills, you can use hedging techniques.

This strategy is strictly for investors only with long term horizon.

PS: Its about time, 12:00 pm NY, time to call it a day, wish you all Good Luck!
Attached Image (click to enlarge)
Click to Enlarge Name: ss.png Size: 41 KB
Hello World!
  • #8,960
  • May 20, 2014 11:03am May 20, 2014 11:03am
Quoting Super_Mario
{quote} CT, can you please remind me, according your Golden Seasons system, longs period is starting somewhen nearby? Or strictly in June ?
Ideally, safe buy period falls around June-End and July, BUT, buying in test amounts is advisable anytime in June.

http://www.forexfactory.com/showthre...94#post7480794
Hello World!
95 traders viewing now