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  • #9,401
  • May 30, 2014 1:14am May 30, 2014 1:14am
Quoting whackdiddy
{quote} Bear movement over, about to bull back up.. for another nice scalp
Take bull scalp for TP around the 1257.60 as another bear movement is coming but not as strong as previous.
A genius is born every minute, me I am lucky if my socks match.
  • #9,402
  • May 30, 2014 1:16am May 30, 2014 1:16am
Quoting TudorJonesJR
{quote} yes, still to many bullish people and people that hoping they are longing the bottom. I was allways learned never to catch a falling knive. PA today comfirms that bears are still in control, hence every upmove sellers are stepping in. I still think that their is more downside coming. good luck all.

Precisely ; market needs to consolidate & it might go slightly lower...

A buy right now can be impulsive... that being said the usd index has broken a wedge on the 4hr chart and should go down... this can give the bearish leg down; which can prompt gold to go higher... but when i look at the 4 hr chart closely; I see usd index retesting a support area and there is some hidden divergence... that is what makes me skeptical and a bit on the sidelines for now...

On a broader level...for now it is clear that usd index is falling today...but this can reverse; and we better watch out for this...because this will trigger golds movement... Remember euro is going to be under pressure till next friday....and this should help the usd index from falling...
  • #9,403
  • May 30, 2014 3:25am May 30, 2014 3:25am
Quoting whackdiddy
{quote} Found it, it was kinspk.. Had to go back about ten pages.. What is the indicator / script that puts the flags on your chart? I like.
Are you referring to this -> http://www.forexfactory.com/showthre...57#post7496557

I drew it manually.
The only winner is the one who survive the longest...
  • #9,404
  • May 30, 2014 3:49am May 30, 2014 3:49am
Gold seems to be continuing it's journey south.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusddaily.png Size: 37 KB
The only winner is the one who survive the longest...
  • #9,405
  • May 30, 2014 4:20am May 30, 2014 4:20am
Quoting kinspk
Gold seems to be continuing it's journey south. {image}
my sell stop was triggered....targetting 1235-1240...for now sit back and relax
  • #9,406
  • May 30, 2014 4:23am May 30, 2014 4:23am
Quoting acidguy
{quote} its not and we are going to $1280 and maybe much higher, this time situation is very different, that time was sparked by investor thinking about an inminent rate rise, now that possibility look much far away.
long term I'm bullish...just trying to ride the downward momentum now...no point catching a falling knife..at most it'll be out in stop then I reload long if price shows reversal sign
  • #9,407
  • May 30, 2014 5:20am May 30, 2014 5:20am
Quoting Polaris4dy
{quote} long term I'm bullish...just trying to ride the downward momentum now...no point catching a falling knife..at most it'll be out in stop then I reload long if price shows reversal sign
morning i hope you took you profit out of nz last night i cant beleive i looked at it then saw the numbers and did not take it, it done about 40 pips ?? lol
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 112 KB
i am waiting to see if price goes to the 10 0r 20 ema, long at 54 i hope we get a bounce at 51 again ,then see where and if it goes higher,it is due a retrace but when ?
  • #9,408
  • May 30, 2014 5:45am May 30, 2014 5:45am
A lot of Bull and Bear fight going on around 1252 level, still see bears in control at the minute, ideally would like to see some bull action soon, when not sure. Next week very important from US news point of view, so need to be careful and cautious.

Personally, have few long entries, not looking great but will hold on to them, should see some respite soon.
  • #9,409
  • May 30, 2014 6:05am May 30, 2014 6:05am
Got stopped out on BE .. Maybe should have taken the profit on 1260 (waited for 23,6 retrace to 1262)..
Bears havent said last word yet.. Lets see what NY open brings on.. Hopefully I ll be able to reenter some longs again..
Take care everyone
Everything is gonna be OK at the end. If its not OK Its not the end
  • #9,410
  • May 30, 2014 6:58am May 30, 2014 6:58am
Quoting elbert3
{quote} morning i hope you took you profit out of nz last night i cant beleive i looked at it then saw the numbers and did not take it, it done about 40 pips ?? lol {image} i am waiting to see if price goes to the 10 0r 20 ema, long at 54 i hope we get a bounce at 51 again ,then see where and if it goes higher,it is due a retrace but when ?
hi albert3

what is the blue line ?
  • #9,411
  • May 30, 2014 6:59am May 30, 2014 6:59am
yesterday was worth a few pips from 1253 to 1258.50, taking another long at 1253.50 and risking yesterday gains with a stop loss on 1248.50 ahead of USA Data.
according to some news analysis CPIs are going to come smelling fishy, hopefully we can see $1260 again today.
  • #9,412
  • May 30, 2014 7:03am May 30, 2014 7:03am
Quoting acidguy
yesterday was worth a few pips from 1253 to 1258.50, taking another long at 1253.50 and risking yesterday gains with a stop loss on 1248.50 ahead of USA Data. according to some news analysis CPIs are going to come smelling fishy, hopefully we can see $1260 again today.
me too, take another Long from 1253 now.. on Friday dont hope too much, i think 1258 should be good area for TP..
t.me/LWBRfx Discord.io/LWBR
  • #9,413
  • May 30, 2014 7:26am May 30, 2014 7:26am
Quoting elbert3
{quote} morning i hope you took you profit out of nz last night i cant beleive i looked at it then saw the numbers and did not take it, it done about 40 pips ?? lol {image} i am waiting to see if price goes to the 10 0r 20 ema, long at 54 i hope we get a bounce at 51 again ,then see where and if it goes higher,it is due a retrace but when ?
yeah mate took out some pips from that...I just closed gold short just now...waiting for US data if it's bad and gold up, I'll reload short
  • #9,414
  • May 30, 2014 7:26am May 30, 2014 7:26am
nice SL hunting..
t.me/LWBRfx Discord.io/LWBR
  • #9,415
  • May 30, 2014 7:36am May 30, 2014 7:36am
Quoting feinan
nice SL hunting..
yes, i have been watching some history and that usually happens before CPIs come out, data was soso,
1 Negative data but CPIs are still bearish for gold, personal spending negative would offer some gold support short term.
  • #9,416
  • May 30, 2014 7:36am May 30, 2014 7:36am
I was expecting the price to shoot today, but, apparently, nothing like that has happened so far.

I remain glued to my seasons formula and been building ultra light longs, will continue to do so through June-July. These ultra light longs have begun to accumulate and are showing signs of small weight.
Hello World!
  • #9,417
  • May 30, 2014 7:52am May 30, 2014 7:52am
Long. Target - 1276
  • #9,418
  • May 30, 2014 7:52am May 30, 2014 7:52am
Quoting fawaol
Long. Target - 1276
why? It is not useful in this way...
If you do not know who you are, the Forex is the worst place to find you
  • #9,419
  • May 30, 2014 8:10am May 30, 2014 8:10am
Quoting ClockTrader
I was expecting the price to shoot today, but, apparently, nothing like that has happened so far. I remain glued to my seasons formula and been building ultra light longs, will continue to do so through June-July. These ultra light longs have begun to accumulate and are showing signs of small weight.
I've read your blog, i'll wait June with long army stocked up..
Your Information are very useful. Thank you
Cheers
t.me/LWBRfx Discord.io/LWBR
  • #9,420
  • May 30, 2014 8:29am May 30, 2014 8:29am
Quoting Jackana
S/R and the entry for GOLD today, 30th-May. Thanks. {image}
Hi Jackana,

i have downloaded your file have you got that in english version of that keep posting as well in futures.
MRMALIK1
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