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Only Gold!

  • #9,061
  • Edited 1:51am May 23, 2014 1:25am | Edited 1:51am
Quoting waleed.khan
{quote} True... Usd index has broken a key resistance area; Euro last line of defence is the 200 sma and usdjpy seems to be recovering well too.. The upper wick on the 4 hr seems to have mitigated the lower wicks which signaled longs the past couple of days... We might see a retest of the lower band...but then again with us data coming out today, plus the ukrainian vote I would still be out and wait for direction... otherwise that 1303 short play with a tight SL seems to be like a good trade at least till the london session...
London open is near...

Usd index has seemed to reverse for the time being; whilst gold is sitting on 50% fib level support for a considerable time...

Good chance that the market can go up from here... Have to wait and see if the Fib level holds. I would still be out!

* there is hidden bullishdivergence on the hourly charts as well* EDIT -- Actually it is not a pure divergence as CCI or RSI are not matching with Stoch divergence
  • #9,062
  • May 23, 2014 3:29am May 23, 2014 3:29am
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Find your passion and work hard
  • #9,063
  • May 23, 2014 3:38am May 23, 2014 3:38am
2 positions short still looking at the order being filled short 1292.5 should get a nice break,, but lets see ? target the same 255
  • #9,064
  • May 23, 2014 3:45am May 23, 2014 3:45am
Quoting elbert3
2 positions short still looking at the order being filled short 1292.5 should get a nice break,, but lets see ? target the same 255
Usd Index has jut made a new recent high... it still in a resistance zone; but it is looking strong!
  • #9,065
  • May 23, 2014 4:02am May 23, 2014 4:02am
An epic month of trading... and I would like to tip my hat to all on this forum for your insights, cautions and recommendations.

Thanks

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A genius is born every minute, me I am lucky if my socks match.
  • #9,066
  • May 23, 2014 4:11am May 23, 2014 4:11am
This was very hard month to traiding , but still make some profts
Whackdiddy , you have made nice work in profts !

Good Job !
And happy traiding for everybody !
  • #9,067
  • May 23, 2014 5:12am May 23, 2014 5:12am
Quoting Mitchoss
Hope everyone sold into the rally last night. 1303--1305 is still proving to be a geeat entry for shorts. Beware if gold breaks its current ranfe of 1280-1305 whether it be to the upside or downside, it will be a brutal move with the intension to wipe out stops. Trade safe with tight stop losses . Thanks and good luck . Im currently bearish
  • #9,068
  • May 23, 2014 7:36am May 23, 2014 7:36am
Shorts close.
Buy limi5s in place, im off to bed.p

Good luck tonight guys n girls!
Mitch
  • #9,069
  • May 23, 2014 7:39am May 23, 2014 7:39am
Quoting whackdiddy
An epic month of trading... and I would like to tip my hat to all on this forum for your insights, cautions and recommendations. Thanks {image}
Hello World!
  • #9,070
  • May 23, 2014 8:10am May 23, 2014 8:10am
Quoting whackdiddy
An epic month of trading... and I would like to tip my hat to all on this forum for your insights, cautions and recommendations. Thanks {image}
Good job.

Had a decent month myself though I hate trading range bound markets.
"Where you want to be is always in control, never wishing, always trading.
  • #9,071
  • May 23, 2014 8:18am May 23, 2014 8:18am
Quoting whackdiddy
An epic month of trading... and I would like to tip my hat to all on this forum for your insights, cautions and recommendations. Thanks {image}
Impressive returns. Thumbs up and party time
  • #9,072
  • May 23, 2014 8:54am May 23, 2014 8:54am
Quoting whackdiddy
An epic month of trading... and I would like to tip my hat to all on this forum for your insights, cautions and recommendations. Thanks {image}
  • #9,073
  • May 23, 2014 9:17am May 23, 2014 9:17am
Quoting whackdiddy
An epic month of trading... and I would like to tip my hat to all on this forum for your insights, cautions and recommendations. Thanks {image}
Awesome!

Kuddos to you...you did this all whilst binging!
  • #9,074
  • May 23, 2014 9:52am May 23, 2014 9:52am
Quoting whackdiddy
An epic month of trading... and I would like to tip my hat to all on this forum for your insights, cautions and recommendations. Thanks {image}
Very well done!
The only winner is the one who survive the longest...
  • #9,075
  • May 23, 2014 11:10am May 23, 2014 11:10am
Quoting Mitchoss
Shorts close. Buy limi5s in place, im off to bed.p Good luck tonight guys n girls! Mitch
What did you set your buy limits at?
  • #9,076
  • May 23, 2014 11:12am May 23, 2014 11:12am
Quoting whackdiddy
An epic month of trading... and I would like to tip my hat to all on this forum for your insights, cautions and recommendations. Thanks {image}
Nice,congrats
  • #9,077
  • May 23, 2014 12:54pm May 23, 2014 12:54pm
Quoting Mitchoss
Shorts close. Buy limi5s in place, im off to bed.p Good luck tonight guys n girls! Mitch
Nice trading results.
  • #9,078
  • May 23, 2014 1:37pm May 23, 2014 1:37pm
What do you think next week?
v
v
v
Daily trend
Attached Image
  • #9,079
  • May 25, 2014 9:34am May 25, 2014 9:34am
Quoting nutgm5169
What do you think next week? v v v Daily trend {image}
all bets are off for a starting point this week. personally I think we will kick off the week low, but that is purely a guess. I will not enter any more trades until NY session has established a trend. Just too risky in my opinion. I tried to graph possible scenarios but ended up with too many and a rather messy chart.

Middle pink lines are the wedge.
Outer pink lines are the extremes of movement we could see as starting points and movements over the coming week.

There is nothing solid in this chart to trade off. The very first open could smash the wedge and end up beginning a massive bull run back to the 1320 / 1330 that we have been waiting on as gold has been on a bear run for an extended period of time now.
OR... We could start our massive bear run down to the 1260's and below.

I have two shorts currently in play and will be watching them very carefully.
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A genius is born every minute, me I am lucky if my socks match.
  • #9,080
  • May 25, 2014 3:48pm May 25, 2014 3:48pm
Being that gold closed on a support level friday, it could lead to a drop early in the asia session followed by a rally.

Thats what I will be looking for, if it doesn't happen.. no positions in place and will wait for direction as this wedge closes.

Good luck and bring on another week!

Mitch
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