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  • #9,181
  • May 27, 2014 7:29am May 27, 2014 7:29am
Quoting Mitchoss
I'm looking for a quick buck off the bounce at 1275-1277 region. It has offered decent support of late however if it breaks I will be out, and looking at how 1269 reacts. Expect a fast turn around as we are extremely oversold, and a rally may catch people off guard if they arn't careful with adding shorts. My 2c, good luck guys! Mitch
I have begun loading up the Silver longs. Loads of bullish divergence everywhere.
A 1 pip gain is better than a 1 pip loss.
  • #9,182
  • May 27, 2014 7:37am May 27, 2014 7:37am
Two facts should be considered
First we have taken weekly support one
Second we have taken the low at 1277.61

It means (for me ) a new bear trend has been established with a target 1180
  • #9,183
  • May 27, 2014 7:42am May 27, 2014 7:42am
Quoting shaban010
Two facts should be considered First we have taken weekly support one Second we have taken the low at 1277.61 It means (for me ) a new bear trend has been established with a target 1180
I respect that view mate. We absolutely could visit 1180 again, and sub 19 in silver.. however I expect a battle at 1275-1277 level and should really re-test 1283 as resistance now that we've breached it, before we head to 1269 and lower.

If we don't get shot down again at 1283, we arn't heading lower in the next short while.

My 2c again

Currently long.
  • #9,184
  • May 27, 2014 8:04am May 27, 2014 8:04am
M1 we are starting to break the bear trend,, very very early days.
M5 If we get past the 1279 we break the bear trend again.
Next major resistance point it at 1283.48 if the M5 breaks the kijun
Attached Image(s) (click to enlarge)
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A genius is born every minute, me I am lucky if my socks match.
  • #9,185
  • May 27, 2014 8:05am May 27, 2014 8:05am
TK cross confirmed on the M1

Might be a nice opportunity for a long.
Attached Image (click to enlarge)
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A genius is born every minute, me I am lucky if my socks match.
  • #9,186
  • May 27, 2014 8:07am May 27, 2014 8:07am
Quoting Mitchoss
{quote} I respect that view mate. We absolutely could visit 1180 again, and sub 19 in silver.. however I expect a battle at 1275-1277 level and should really re-test 1283 as resistance now that we've breached it, before we head to 1269 and lower. If we don't get shot down again at 1283, we arn't heading lower in the next short while. My 2c again Currently long.
Nice call on the 1283, exactly what ichi is showing me.

My crazy longs are still in play..
A genius is born every minute, me I am lucky if my socks match.
  • #9,187
  • May 27, 2014 8:11am May 27, 2014 8:11am
Quoting whackdiddy
TK cross confirmed on the M1 Might be a nice opportunity for a long. {image}
Wait for M5 confirmation before going long, expecting a double bottom to occur.
A genius is born every minute, me I am lucky if my socks match.
  • #9,188
  • May 27, 2014 8:21am May 27, 2014 8:21am
Quoting shakiba
A break down the sides of the triangle, we will see a drop in prices. http://forex-fa14.blogspot.com/ {image}
Shakiba,,

New thread rule, only bullish sentiments from here in.. I am bleeding from the ears..
A genius is born every minute, me I am lucky if my socks match.
  • #9,189
  • May 27, 2014 8:24am May 27, 2014 8:24am
Quoting shakiba
A break down the sides of the triangle, we will see a drop in prices. http://forex-fa14.blogspot.com/ {image}
http://www.babypips.com/school/middl...triangles.html

For descending triangles.. price normally always almost goes back to the top. So look out for your shorts.
A 1 pip gain is better than a 1 pip loss.
  • #9,190
  • May 27, 2014 8:28am May 27, 2014 8:28am
Last hope for bulls only if holds above 1265. A break back above 1300 would be highly bullish indication at least till 1330 and 1350. Above 1350 there is no looking back till 1400-1450 in the very near-term.
  • #9,191
  • May 27, 2014 8:34am May 27, 2014 8:34am
Quoting HareshBM
Last hope for bulls only if holds above 1265. A break back above 1300 would be highly bullish indication at least till 1330 and 1350. Above 1350 there is no looking back till 1400-1450 in the very near-term.
You obviously got the memo on the thread rules.

Can you share what you are seeing, why are you inclined to think back to 1330 as a potential?
A genius is born every minute, me I am lucky if my socks match.
  • #9,192
  • May 27, 2014 8:51am May 27, 2014 8:51am
[quote=whackdiddy;7494511]{quote} You obviously got the memo on the thread rules. Can you share what you are seeing, why are you inclined to think back to 1330 as a potential?[/quote ]

is it ok to hedge longs on 1270
  • #9,193
  • May 27, 2014 8:52am May 27, 2014 8:52am
Quoting whackdiddy
{quote} Nice call on the 1283, exactly what ichi is showing me. My crazy longs are still in play..
gotta love them 'crazy' longs haha
  • #9,194
  • May 27, 2014 8:54am May 27, 2014 8:54am
Lower the better for investors!

My 2 Gold coins!
Hello World!
  • #9,195
  • May 27, 2014 9:10am May 27, 2014 9:10am
Just entered a neutral / buy area on the M1.

I have loaded my account to protect margin on more downside but can see a bull run from here.
Again, do not follow me on this as I am biased bull due to longs in play.
A genius is born every minute, me I am lucky if my socks match.
  • #9,196
  • May 27, 2014 9:12am May 27, 2014 9:12am
On CNN news 40 killed at the Ukraine Airport
Let the GOLD time Roll
  • #9,197
  • May 27, 2014 9:18am May 27, 2014 9:18am
Quoting elbert3
{image} looks to be a good sell off now ,
Attached Image (click to enlarge)
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looks like we might see a little more selling before a pull back ,if it does go lower i will be taking the trade then look to short again as and if it pulls back , target 1251
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  • #9,198
  • May 27, 2014 9:22am May 27, 2014 9:22am
Signing out, good luck guys.
A genius is born every minute, me I am lucky if my socks match.
  • #9,199
  • May 27, 2014 9:24am May 27, 2014 9:24am
OK, took profits on remaining shorts at 1276 and now on sidelines. Ukraine is off the table-despite deaths of "separatists," though Chinese sinking of Vietnamese boat could keep gold from continuing to fall. Ditto for possible ECB actions to stem so called deflation.

Looking for some retracement at least to 1280 and then reload shorts for 1250 (first target).
"The market can remain irrational longer than you can remain solvent"
  • #9,200
  • May 27, 2014 9:24am May 27, 2014 9:24am
Quoting elbert3
{quote} {image} looks like we might see a little more selling before a pull back ,if it does go lower i will be taking the trade then look to short again as and if it pulls back , target 1251{image}
i think 51 looks to be easy 1237 is a possible too ??
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