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  • #9,361
  • May 29, 2014 9:40am May 29, 2014 9:40am
O.oooo now it's going up
  • #9,362
  • May 29, 2014 9:43am May 29, 2014 9:43am
Quoting biondo
{quote} .. where are your stops mate? Mine at 1248 ish.. But I am thinking to move them at 1252 ish at BE.. However, it might be too soon for that at the time being..

the same area...1247, as a precaution.
But I am certain that he will not be executed.
  • #9,363
  • May 29, 2014 9:50am May 29, 2014 9:50am
Quoting Yoshimura
{quote} the same area...1247, as a precaution. But I am certain that he will not be executed.
now I am starting to think that bears wont reach that area anytime soon too..
Everything is gonna be OK at the end. If its not OK Its not the end
  • #9,364
  • May 29, 2014 9:58am May 29, 2014 9:58am
Quoting biondo
{quote} now I am starting to think that bears wont reach that area anytime soon too..
The bears are more hesitant, it is on... and frankly, we can understand them.
  • #9,365
  • May 29, 2014 10:01am May 29, 2014 10:01am
Quoting Yoshimura
{quote} The bears are more hesitant, it is on... and frankly, we can understand them.
True. 1250-1255 area is a big retracement, but now gold price is in the middle zone and most traders will wait for additional news such as Draghi/ECB rate decision and/or U.S NFP.

I am in my first long trade...in a long time. Think we'll see some upward movement to at least 1270-1275. No telling if we will have a summer rally either.
"The market can remain irrational longer than you can remain solvent"
  • #9,366
  • May 29, 2014 10:06am May 29, 2014 10:06am
Quoting feinan
{quote} thats why market is going bottom reach 1249 to trap those seller.. later GDP news im not surprise it will whipsaw to 1249 before a comeback.. {quote} let the market run wild.. USD should fall this season. {image}

and then what i said... booomm!!!
t.me/LWBRfx Discord.io/LWBR
  • #9,367
  • May 29, 2014 10:10am May 29, 2014 10:10am
Quoting feinan
and then what i said... booomm!!!
catalyst in my opinion were pending home sales not the actual gdp number, the surprise is going to be Friday high PMIs.
  • #9,368
  • May 29, 2014 10:18am May 29, 2014 10:18am
possible bearish divergence building up on hourly chart...
  • #9,369
  • May 29, 2014 10:44am May 29, 2014 10:44am
The bears are out of gas, henceforth the price has only one direction to go, though it will not be in a straight line.


:nerd:

POSSIBILITIES ARE INFINITE, YOU CAN ACCOMPLISH ANYTHING!
  • #9,370
  • May 29, 2014 10:51am May 29, 2014 10:51am
Quoting chiefwarrior
The bears are out of gas, henceforth the price has only one direction to go, though it will not be in a straight line. :nerd:
I agree, i think a return to 1270-1280 is due before any bearishness returns in mass.
  • #9,371
  • May 29, 2014 12:11pm May 29, 2014 12:11pm
Consolidation and stalling between 1252 and 1258-9 till Monday, Monday, new contract, new positions, buying day.
  • #9,372
  • May 29, 2014 12:29pm May 29, 2014 12:29pm
i am frustrated about gold price action, where is the end of bear?
  • #9,373
  • May 29, 2014 12:39pm May 29, 2014 12:39pm
http://www.dailyreckoning.com.au/the...or/2014/05/28/
  • #9,374
  • May 29, 2014 12:43pm May 29, 2014 12:43pm
Quoting Yoshimura
{quote} the same area...1247, as a precaution. But I am certain that he will not be executed.
What makes you certain about it? Do you have any other information than just the economic data? Or is it your intuition?

I have no other information but my intuition says this bearish move ain't over yet. Could easily continue well below december 2013 low.
  • #9,375
  • May 29, 2014 1:27pm May 29, 2014 1:27pm
Quoting parisienne
{quote} What makes you certain about it? Do you have any other information than just the economic data? Or is it your intuition? I have no other information but my intuition says this bearish move ain't over yet. Could easily continue well below december 2013 low.

Yes it seems like hidden bearish divergence is going to come into play... I suspect price may fight 1230 or then maybe even 1218 (S/R levels)....

Shorting is risky...a better bet is waiting and buying at these lows...

Upside can only be seen at a candle close above 1260...
  • #9,376
  • May 29, 2014 1:34pm May 29, 2014 1:34pm
watching these area. first level breached..
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd.ecnm15.png Size: 59 KB
t.me/LWBRfx Discord.io/LWBR
  • #9,377
  • May 29, 2014 1:37pm May 29, 2014 1:37pm
Quoting parisienne
{quote} What makes you certain about it? Do you have any other information than just the economic data? Or is it your intuition? I have no other information but my intuition says this bearish move ain't over yet. Could easily continue well below december 2013 low.
intuition ?...
i never trade with intuition. only gamblers made that.

I trade with 15 years of experience...chère "parisienne".
  • #9,378
  • May 29, 2014 1:44pm May 29, 2014 1:44pm
Attached Image (click to enlarge)
Click to Enlarge Name: Capt111ure.PNG Size: 34 KB


bulls out, and now bears in danger?
t.me/LWBRfx Discord.io/LWBR
  • #9,379
  • May 29, 2014 1:57pm May 29, 2014 1:57pm
Quoting acidguy
{quote} im short oil also, i shorted early at 102.90 when contracts expired at opening price but im happy with current position, im targeting $100 next week not to mention oil is going for around $85 in the next 3 months.
Your $85 call on crude...was it based on this: http://http://www.cnbc.com/id/101711728​ ?
  • #9,380
  • May 29, 2014 1:59pm May 29, 2014 1:59pm
Quoting feinan
{image} bulls out, and now bears in danger?

Where did you get this chart from?
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