Attachments: Only Gold!

Only Gold!

#9,321
May 29, 2014 3:40am May 29, 2014 3:40am

feinan
Joined Aug 2013 | Status: Trader | 798 Posts

Quoting Griffinx

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{quote} May I know where do you get this buy and sell information?

Ignored

http://www.oanda.sg/analysis/open-position-ratios

t.me/LWBRfx Discord.io/LWBR

#9,322
May 29, 2014 3:41am May 29, 2014 3:41am

whackdiddy
| Joined Nov 2011 | Status: Trader | 891 Posts

Quoting MisterSpread

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Good morning guys, I didn't trade gold so much in the last 6 months, only quick small scalps, but at this levels I suggest caution to everyone, especially the bulls. Don't put your money on bad U.S data only, even is going to disappoint, it needs to disappoint big time to turn around the downtrend formed in the last weeks. On my chart you will see why I think that gold is still going to drop until 1230 first and even 1180 after ( the 2 white lines ), first reason on the yellow circle is because Ichimokus KijunSen and TenkanSen lines intersected...

Ignored

Nice, nice to see another ichi fan. I run the following setup on gold (yeah not too far from default) 9,24,52

On the first chart we will try to get back to kijun IMO, Kijun is flat ish so consolidating for new trend, we are in a down trend for sure on the monthly but starting the upward movement of the downtrend <that sounded weird). Granted the Kijun may drop another level but based on long trade times, I could see us going up to the high 1300's to meet the kijun, we may very well just blip for a extremely small bull and then get another tk cross to the bear.

Second chart,
Yes appears we are entering a strong sell signal, with the potential tk cross about to occur under the kumo (cloud) and the tk twist that is present, however this also shows a weakness in resistance that can be punched through. Fundamental may squash and set a new trend, but then will come back to follow the technical.

Off for a beer at the scotch bar, will check in later tonight.

Good trading guys and gals.
If uncertain, show discipline and try to keep out, or reduce your lot size.

A genius is born every minute, me I am lucky if my socks match.

#9,323
May 29, 2014 3:45am May 29, 2014 3:45am

whackdiddy
| Joined Nov 2011 | Status: Trader | 891 Posts

Quoting MisterSpread

Disliked

Good morning guys, I didn't trade gold so much in the last 6 months, only quick small scalps, but at this levels I suggest caution to everyone, especially the bulls. Don't put your money on bad U.S data only, even is going to disappoint, it needs to disappoint big time to turn around the downtrend formed in the last weeks. On my chart you will see why I think that gold is still going to drop until 1230 first and even 1180 after ( the 2 white lines ), first reason on the yellow circle is because Ichimokus KijunSen and TenkanSen lines intersected...

Ignored

one more... on the M1 look at the support, thick and juicy 1252.10 to break out.. with a tk twist to the bull and some nice cloud formation to the bull.

okay done now.

A genius is born every minute, me I am lucky if my socks match.

#9,324
May 29, 2014 4:12am May 29, 2014 4:12am

dindang2win
| Joined May 2014 | Status: Trader | 62 Posts

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I guess im done with the short..
Waiting for bull candle signal

#9,325
May 29, 2014 4:30am May 29, 2014 4:30am

kinspk
Joined Dec 2011 | Status: Alcoholic | 970 Posts

Quoting Griffinx

Disliked

{quote} And I do it everyday since the last 1 week What the heck is actually going on So far my hedge has made some profit for me, but when I closed it, suddenly market goes bear again Wondering if I manage to close my other hedged acc will market be bear again? What do you guys think it will do?

Ignored

Gold is toying our feelings. Anw, there are still room for bear, as recently bull seems to go MIA.

The only winner is the one who survive the longest...

#9,326
May 29, 2014 4:39am May 29, 2014 4:39am

kinspk
Joined Dec 2011 | Status: Alcoholic | 970 Posts

Quoting feinan

Disliked

{quote} that apply to everyone, me too holding Gold long.. struggling with this manipulated market.. . let the market proves me wrong..

Ignored

Yea, but becareful with long. Im badly hurt trying to catch the bottom.Sometimes I cant believe I am still making silly mistakes after this long. Personal issue can really affect how someone trade rationally no matter how long one trade, when i can even make mistake buying a short and selling a long.Good luck to everyone later. Lets suck our broker dry.

The only winner is the one who survive the longest...

#9,327
May 29, 2014 5:24am May 29, 2014 5:24am

ClockTrader
| Commercial User | Joined Aug 2007 | 6,072 Posts

Gold can fall further, in the process I expect this to bottom out. Whatever the PA ahead, I expect a bottom out today.

Secondly, there should be a very good bounce tomorrow, IF that does not happen, I would get cautious with my test longs. No stress from test longs though.

Hello World!

#9,328
May 29, 2014 5:50am May 29, 2014 5:50am

MisterSpread
| Joined Aug 2012 | Status: Trader, baker, candlestick maker! | 728 Posts

Quoting whackdiddy

Disliked

{quote} Nice, nice to see another ichi fan. I run the following setup on gold (yeah not too far from default) 9,24,52 On the first chart we will try to get back to kijun IMO, Kijun is flat ish so consolidating for new trend, we are in a down trend for sure on the monthly but starting the upward movement of the downtrend <that sounded weird). Granted the Kijun may drop another level but based on long trade times, I could see us going up to the high 1300's to meet the kijun, we may very well just blip for a extremely small bull and then get another...

Ignored

Whackdiddy, I'm not a pro on Ichimoku, but I'm studying it for about 3 years now and it helped me a lot ( especially with USDJPY where I saw a big pattern broke 2 years go and went long from $82 and followed that until $102... man what a ride

), I would like to say congrats to you for seeing the crossover of TK and KJ that will be forming very soon on weekly under the Kumo, and if that will happen I don't see any reason why the price shouldn't test the lows of 1190ish.
I have only one concern here, the RSI is showing oversold levels on all timeframes Monthly & Weekly under 40, Daily and the other smaller ones even lower, what you think about that? As for myself, I'm gonna wait for the US data and try to scalp it a bit because is the end of the month and I just want to roundup my winnings instead of adding some big trades that could jeopardize my profit for this month.

Regards and green pips to you,
VladG

#9,329
May 29, 2014 6:12am May 29, 2014 6:12am

Seth1981
| Joined May 2014 | Status: Trader | 14 Posts

Interesting times...

Caught painfully long by the break 2 days ago but am long again now.

I'm thinking it's going to be one of those days today, US GDP and jobless figures both at the same time. The only certainty is whipsaw PA.

Will not be fun.

#9,330
May 29, 2014 6:42am May 29, 2014 6:42am

feinan
Joined Aug 2013 | Status: Trader | 798 Posts

Quoting ClockTrader

Disliked

Gold can fall further, in the process I expect this to bottom out. Whatever the PA ahead, I expect a bottom out today. Secondly, there should be a very good bounce tomorrow, IF that does not happen, I would get cautious with my test longs. No stress from test longs though.

Ignored

Golden Season Coming

t.me/LWBRfx Discord.io/LWBR

#9,331
May 29, 2014 6:43am May 29, 2014 6:43am

waleed.khan
Joined Mar 2014 | Status: Trader | 1,062 Posts

Quoting amirrh

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{quote} dear Waleed, could you please explain easily to be understood by me? Thanks

Ignored

HI amirrh

Well to summarize I am just saying that to expect a prolonged bearish dip below $1000; would mean that all the problems in the world do not exist... The world is far from being alright...plus policy makers have nowadays started manipulating budgets etc just to make things look good on paper... Even though this might work in the short term...in the long term; the truth is always exposed!

Even if Gold does fall below $1000....it will still be a good buying opportunity; because relative to other things it will be a bargain & it will go up...

As far as your chart was concerned... I liked your first profit targets of 1230 etc... but the 2nd chart of dipping below $1000...even though technically sound does not add up to the fundamentals...obviously the fundamentals can be wrong too..

Hope that cleared things out for you...

#9,332
May 29, 2014 6:47am May 29, 2014 6:47am

stylinex
Joined Aug 2013 | Status: Trader | 4,057 Posts

Quoting ClockTrader

Disliked

Gold can fall further, in the process I expect this to bottom out. Whatever the PA ahead, I expect a bottom out today. Secondly, there should be a very good bounce tomorrow, IF that does not happen, I would get cautious with my test longs. No stress from test longs though.

Ignored

New highs for SPX500 and new lows for Silver and Gold.