Only Gold! | Page 450 | 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!

  • #8,981
  • May 21, 2014 2:39am May 21, 2014 2:39am
Quoting waleed.khan
Okay so it seems like the tide has changed again for time being... Usd index has started falling... Euro, aud *(not true for Aud-still uncertain if it will hold key area)* has been consolidating and bounced off key support area..whereas the usdjpy has broken a key area and should have more downside... Plus the fact that gold so far is showing resilience with the help of the 4 hr pin bar... hopefully this intraday trend will continue into u.s session. Yellen does speak today which is why volumes have been low... Even though I really doubt she will...
Dude, for how much longer is your pin bar going to wreck my bears...
A genius is born every minute, me I am lucky if my socks match.
  • #8,982
  • May 21, 2014 2:39am May 21, 2014 2:39am
Quoting zOrO2kX
{quote} with you on this, just placed a sell limit @ 19.500
Thats not a good idea I suppose. It may shoot up at that level.
Arun
  • #8,983
  • May 21, 2014 2:44am May 21, 2014 2:44am
Quoting arunthegreat
{quote} Thats not a good idea I suppose. It may shoot up at that level.
Silver...
yeah be careful, I am closing for small profit when it drops again, missed my original TP by a bees d*ck and want to get out of the trade now as on the lower timeframes we could be heading bull for a bit.
A genius is born every minute, me I am lucky if my socks match.
  • #8,984
  • May 21, 2014 2:46am May 21, 2014 2:46am
Quoting whackdiddy
{quote} Dude, for how much longer is your pin bar going to wreck my bears...
as long as it doesn't get taken out below 1285.... Just look to your left on the 4 hr chart and notice the pin bars with the larger wicks especially the ones in this "triangle"; they have all held..."history repeats itself"... One more thing - This one is an engulfing pin bar

I'm just concerned about yellen... the spikes could distort a lot of things...
  • #8,985
  • May 21, 2014 3:01am May 21, 2014 3:01am
Quoting waleed.khan
{quote} as long as it doesn't get taken out below 1285.... Just look to your left on the 4 hr chart and notice the pin bars with the larger wicks especially the ones in this "triangle"; they have all held..."history repeats itself"... One more thing - This one is an engulfing pin bar I'm just concerned about yellen... the spikes could distort a lot of things...
yep, seen..

I would like to be out of the majority of my trades before Yellen speaks, so will have to get over being greedy and take what I have.
As you said most gold traders will be sitting out until after she talks so we may not see the massive UK spike or even the NY spike of the last few days.
A genius is born every minute, me I am lucky if my socks match.
  • #8,986
  • May 21, 2014 3:02am May 21, 2014 3:02am
Quoting waleed.khan
{quote} as long as it doesn't get taken out below 1285.... Just look to your left on the 4 hr chart and notice the pin bars with the larger wicks especially the ones in this "triangle"; they have all held..."history repeats itself"... One more thing - This one is an engulfing pin bar I'm just concerned about yellen... the spikes could distort a lot of things...
Still early to say but looks like a possible hidden divergence on the 1hr chart too...
  • #8,987
  • May 21, 2014 3:09am May 21, 2014 3:09am
Quoting whackdiddy
{quote} As you said most gold traders will be sitting out until after she talks so we may not see the massive UK spike or even the NY spike of the last few days.
I don't know about that... people are greedy and speculative by nature...heck some even try to move the market themselves!
  • #8,988
  • May 21, 2014 3:12am May 21, 2014 3:12am
Quoting waleed.khan
{quote} Still early to say but looks like a possible hidden divergence on the 1hr chart too...
On my H1 we are touching the bottom of the cloud so hitting resistance now, in two candles time we should start our bear again to the 1290.87 mark. But we will have to wait and see..

Good trading guys, will touch base later today your time or tomorrow.

Last post, off to drink alcohol....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 132 KB
A genius is born every minute, me I am lucky if my socks match.
  • #8,989
  • May 21, 2014 3:18am May 21, 2014 3:18am
Quoting whackdiddy
{quote} On my H1 we are touching the bottom of the cloud so hitting resistance now, in two candles time we should start our bear again to the 1290.87 mark. But we will have to wait and see.. Good trading guys, will touch base later today your time or tomorrow. Last post, off to drink alcohol.... {image}
Take it easy..don't drown!
  • #8,990
  • May 21, 2014 4:11am May 21, 2014 4:11am
Quoting whackdiddy
{quote} On my H1 we are touching the bottom of the cloud so hitting resistance now, in two candles time we should start our bear again to the 1290.87 mark. But we will have to wait and see.. Good trading guys, will touch base later today your time or tomorrow. Last post, off to drink alcohol.... {image}
Yes, sometimes it is the answer. But most of times it makes you to forget the question itself. Which is best too.
Arun
  • #8,991
  • May 21, 2014 5:44am May 21, 2014 5:44am
Head and Shoulders formed on Gold 5 min chart. True or False?
  • #8,992
  • May 21, 2014 5:48am May 21, 2014 5:48am
Quoting ClockTrader
{quote} 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
Thanks for reply. So if rally starts at the very last days of June it's within your system, right ?
  • #8,993
  • May 21, 2014 5:57am May 21, 2014 5:57am
Quoting Super_Mario
{quote} Thanks for reply. So if rally starts at the very last days of June it's within your system, right ?
Mate, this is about seasons, we cannot pin point a day / week or particular hr when the rally will start, secondly, we are speculating on the basis of trend which has trended for over 30 yrs as per scientific stats.

Oct-Nov-Dec is marriage season here in India, our forefathers have observed that Gold is at peak price during this season and demand is at sky-high (coz of marriages).

While it may be too early to predict, but, I think the rally could start sometime around the end of current month, IF there is a nice fall until 30th, possibly leaving behind a pin bar, that would complement my view.

The seasons are for long term investors, who can buy and set SL $100 - $200 below, not meant for traders.
Hello World!
  • #8,994
  • May 21, 2014 6:23am May 21, 2014 6:23am
Quoting ClockTrader
{quote} Mate, this is about seasons, we cannot pin point a day / week or particular hr when the rally will start, secondly, we are speculating on the basis of trend which has trended for over 30 yrs as per scientific stats. Oct-Nov-Dec is marriage season here in India, our forefathers have observed that Gold is at peak price during this season and demand is at sky-high (coz of marriages). While it may be too early to predict, but, I think the rally could start sometime around the end of current month, IF there is a nice fall until 30th, possibly...
OMG, I just asked one simple question and you replied with small sermon
If rally starts in last days of June will this be within your Golden Seasons system ?
  • #8,995
  • May 21, 2014 6:42am May 21, 2014 6:42am
starting small longs
hope golden seasons start early this year
  • #8,996
  • May 21, 2014 6:48am May 21, 2014 6:48am
I think the world is off to getting very very dangerous... and Putin is not going to back out of Ukraine easily... He is going to get what he wants; otherwise the world is going to become bipolar again...cold war will repeat!

China and russia just signed a gas deal... after 10 years off failed attempts... this is a milestone... Putin must have been desperate and sold gas contract to China for dirt cheap! This is a statement if anything to the world.... that Russia has a powerful ally; plus if need be; they can manage without europe!

I think over the next few days and weeks...we will have troubling times!

http://www.forexfactory.com/news.php...02#post7482922
  • #8,997
  • May 21, 2014 6:55am May 21, 2014 6:55am
Quoting Super_Mario
{quote} OMG, I just asked one simple question and you replied with small sermon If rally starts in last days of June will this be within your Golden Seasons system ?

Gold seasonality has been known to many for a very long time.

Again its well known that March is the worst month whilst September is the best for Gold Bulls.

I'm assuming Clocktrader is talking about June/July being one of the good buying periods for which to profit later on in September provided that Gold behaves in its typical seasonal pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: goldcore_bloomberg_chart2_30-08-13.png Size: 99 KB
Attached Images
  • #8,998
  • May 21, 2014 7:01am May 21, 2014 7:01am
Quoting Dafonz
{quote} Gold seasonality has been known to many for a very long time. Again its well known that March is the worst month whilst September is the best for Gold Bulls. I'm assuming Clocktrader is talking about June/July being one of the good buying periods for which to profit later on in September provided that Gold behaves in its typical seasonal pattern. {image} {image} {image} {image}
I think that might be how John Paulson become a billionaire by investing in Gold! 25% raise...add some crazy leverage to that and ones earnings are magnified!
  • #8,999
  • May 21, 2014 7:01am May 21, 2014 7:01am
Quoting waleed.khan
I think the world is off to getting very very dangerous... and Putin is not going to back out of Ukraine easily... He is going to get what he wants; otherwise the world is going to become bipolar again...cold war will repeat! China and russia just signed a gas deal... after 10 years off failed attempts... this is a milestone... Putin must have been desperate and sold gas contract to China for dirt cheap! This is a statement if anything to the world.... that Russia has a powerful ally; plus if need be; they can manage without europe! I think over...
"powerful ally" might be a little excessive - just business China continuing diversification of its gas supplies
Besides China needs Europe and US even more to keep its economy going so i dont expect them to oppose on future sactions on Russia
at least thats my view
  • #9,000
  • May 21, 2014 7:05am May 21, 2014 7:05am
Quoting bonnzi
{quote} "powerful ally" might be a little excessive - just business China continuing diversification of its gas supplies Besides China needs Europe and US even more to keep its economy going so i dont expect them to oppose on future sactions on Russia at least thats my view
hmmm... China supports Russia on Ukraine! http://rt.com/op-edge/159192-china-o...ctions-russia/ After all that is going to be their claim on the disputed islands in the china sea some day too...plus now the rigs in vietnam also! Otherwise thats double standards....

Why would Abe announce increasing military spending and presence in the past few days too...

It will be very interesting to see China's eventual stance...
30 traders viewing now