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Only Gold!

  • #9,481
  • May 31, 2014 7:15am May 31, 2014 7:15am
Many gold traders I met still target sell TP at 1190. And Buy Limit Pending Orders between 1175 - 1190
  • #9,482
  • May 31, 2014 10:45am May 31, 2014 10:45am
Just curious as to opinions of those on this forum to impact of ECB negative interest rates..if Draghi were to make it so. Gold up?

My bias is still short, but wondering if ECB move could temper trend.
"The market can remain irrational longer than you can remain solvent"
  • #9,483
  • May 31, 2014 11:22am May 31, 2014 11:22am
Time to see if June is truly a Gold Bullish month or not. From what I noticed in my charts, June hasn't really done much for Gold over the past decade.
A 1 pip gain is better than a 1 pip loss.
  • #9,484
  • Jun 1, 2014 10:34am Jun 1, 2014 10:34am
Quoting aeternum
Time to see if June is truly a Gold Bullish month or not. From what I noticed in my charts, June hasn't really done much for Gold over the past decade.
How about july? Buying in June would suggest that gold reaches a low enough price to buy comfortably? Then zig zags its way up till january? The yearly low this month, the yearly high november-jan for gold?

possibility, im still new but thats how I'll play it. Took a big hit with this down move looking to go long around 1190.
  • #9,485
  • Jun 1, 2014 10:48am Jun 1, 2014 10:48am
Quoting weti
{quote} How about july? Buying in June would suggest that gold reaches a low enough price to buy comfortably? Then zig zags its way up till january? The yearly low this month, the yearly high november-jan for gold? possibility, im still new but thats how I'll play it. Took a big hit with this down move looking to go long around 1190.
Well I didn't notice but julys seem more bullish than Junes. Either way it isn't wise to stick up longs so soon. Gold still has some room for a drop down to test 1200/1220. So just wait for the bounce and we should see it go higher.
A 1 pip gain is better than a 1 pip loss.
  • #9,486
  • Jun 1, 2014 11:08am Jun 1, 2014 11:08am
Quoting aeternum
{quote} Well I didn't notice but julys seem more bullish than Junes. Either way it isn't wise to stick up longs so soon. Gold still has some room for a drop down to test 1200/1220. So just wait for the bounce and we should see it go higher.
Have to agree on this. There are a lot of rooms for bear. Its still too early for bull season. It seldom bull during the first 2 week of June too, though it may bottom out.
The only winner is the one who survive the longest...
  • #9,487
  • Jun 1, 2014 11:13am Jun 1, 2014 11:13am
Hello!
I think Gold is going Up.
At least to 1266.74
and big possibility to #2 and #3.
Attached Image (click to enlarge)
Click to Enlarge Name: 321.PNG Size: 50 KB
  • #9,488
  • Jun 1, 2014 11:17am Jun 1, 2014 11:17am
Quoting kinspk
{quote} Have to agree on this. There are a lot of rooms for bear. Its still too early for bull season. It seldom bull during the first 2 week of June too, though it may bottom out.
Yes I see it bottoming out on my indicators as well. I made the wrong move last week to buy silver because I had not checked my charts for June performances. After I checked, I regretted. The best thing to do now is to trade the short CHF pairs and the falling GBPUSD and stay out of gold and silver until a bottom is in place. Look for a key technical PA on weekly chart for best results, you may miss out on a sum but it's better than entering too early and being underwater like me now

edif: just wish to add that, if you paid attention to the pairs I mentioned, you would know which other pairs to look for trades in as well. Good luck and green pips to all
A 1 pip gain is better than a 1 pip loss.
  • #9,489
  • Jun 1, 2014 1:16pm Jun 1, 2014 1:16pm
Quoting Wwdd
Hello! I think Gold is going Up. At least to 1266.74 and big possibility to #2 and #3. {image}
daily chart shows no signs of reversal IMHO.
Attached Image
  • #9,490
  • Jun 1, 2014 6:31pm Jun 1, 2014 6:31pm
Does a battalion linked to Russia in Ukraine has any influence in such a fall. I wonder.

Expecting more direct involvement by Russia to come.

http://www.rferl.org/content/vostok-.../25404785.html
  • #9,491
  • Jun 1, 2014 9:14pm Jun 1, 2014 9:14pm
Quoting Lucias
Does a battalion linked to Russia in Ukraine has any influence in such a fall. I wonder. Expecting more direct involvement by Russia to come. http://www.rferl.org/content/vostok-.../25404785.html
thats not gonna do much, only really bad news that spark fear among investors will lift gold up, though i expect a retracement to 1260 area this week,
i just closed one hedge at 1246 to catch it at 1257 maybe tomorrow.
  • #9,492
  • Jun 1, 2014 9:58pm Jun 1, 2014 9:58pm
Quoting acidguy
{quote} thats not gonna do much, only really bad news that spark fear among investors will lift gold up, though i expect a retracement to 1260 area this week, i just closed one hedge at 1246 to catch it at 1257 maybe tomorrow.
Good job

Wow, we play the same game...

I closed my hedge for a tidy profit about the same time. Will re-enter hedge a little higher and keep taking profits until the hedge is almost at the level of my longs..
A genius is born every minute, me I am lucky if my socks match.
  • #9,493
  • Jun 1, 2014 10:22pm Jun 1, 2014 10:22pm
Quoting aeternum
Time to see if June is truly a Gold Bullish month or not. From what I noticed in my charts, June hasn't really done much for Gold over the past decade.
Where did you read that Gold is bullish in June? How and why do you think so?

I strongly think that May-June are the most bearish months of the year, Golden seasons would vouch for that.
Hello World!
  • #9,494
  • Jun 1, 2014 10:34pm Jun 1, 2014 10:34pm
Quoting ClockTrader
{quote} Where did you read that Gold is bullish in June? How and why do you think so? I strongly think that May-June are the most bearish months of the year, Golden seasons would vouch for that.
WHAT!!
CT you said that gold will go bull in June, you were waiting to place longs and where starting this month.
I have sold my house, my left kidney (alcohol damaged anyway) and put it all on a long!!
And now you are reversing your position...
Lucky I have my alienware laptop cardboard box that I can use as a pillow when I am on the street hunting for cigarette butts to smoke...

^ is a joke..

However at some stage I did get the impression that you were saying June was going to be bullish, lucky I do not you and take everything you say as gospel.

^ is light hearted.
A genius is born every minute, me I am lucky if my socks match.
  • #9,495
  • Jun 1, 2014 10:41pm Jun 1, 2014 10:41pm
Quoting whackdiddy
{quote} WHAT!! CT you said that gold will go bull in June, you were waiting to place longs and where starting this month. I have sold my house, my left kidney (alcohol damaged anyway) and put it all on a long!! And now you are reversing your position... Lucky I have my alienware laptop cardboard box that I can use as a pillow when I am on the street hunting for cigarette butts to smoke... ^ is a joke.. However at some stage I did get the impression that you were saying June was going to be bullish, lucky I do not you and take everything...
I have always been afraid of how people mis-interpret Golden Seasons. May you have heard of this in Forex, they say buy around lows and sell from the highs. May-June are one of the low points of the year and Jan is the highest, I hope I need not explain this more. Like I've stated this zillion times before, Golden Seasons are for investors not traders.


PS: I like your sense of humor, lovely, keep posting.
Hello World!
  • #9,496
  • Jun 1, 2014 10:42pm Jun 1, 2014 10:42pm
Quoting aeternum
{quote} Well I didn't notice but julys seem more bullish than Junes. Either way it isn't wise to stick up longs so soon. Gold still has some room for a drop down to test 1200/1220. So just wait for the bounce and we should see it go higher.
I often run against the pack and also think we will be bullish in June, but only due the the following factors and not so much because it is June...

 

  1. American GDP has people a little scared.. go on admit it CT you are a little cautious after the -1.0%
  2. Ukraine is not over yet, it could escalate again rather quickly
  3. ECB negative rates... what the hell... sounds great.
  4. And the most important factor, the sheer drop we saw last week without a real retrace. Sellers are slowing their orders and buyers are hovering ready to pounce.

Lets wait until UK Session and the NY Session before deciding the direction though, as in the end it does not matter what you think, it is the technicals that matter.

A genius is born every minute, me I am lucky if my socks match.
  • #9,497
  • Jun 1, 2014 10:43pm Jun 1, 2014 10:43pm
Quoting whackdiddy
{quote} WHAT!! CT you said that gold will go bull in June, you were waiting to place longs and where starting this month. I have sold my house, my left kidney (alcohol damaged anyway) and put it all on a long!! And now you are reversing your position... Lucky I have my alienware laptop cardboard box that I can use as a pillow when I am on the street hunting for cigarette butts to smoke... ^ is a joke.. However at some stage I did get the impression that you were saying June was going to be bullish, lucky I do not you and take everything...
YES, I've been buying test longs lately and will continue to build longs through June and July. Once winters step in, I'll begin to offload, will eventually offload most of the long term longs (at least half) around/before Jan.

Hope this clears the air. I REPEAT, YES, I've been buying and will continue to buy through June-July.
Hello World!
  • #9,498
  • Jun 1, 2014 10:48pm Jun 1, 2014 10:48pm
Quoting whackdiddy
{quote} go on admit it CT you are a little cautious after the -1.0% Ukraine is not over yet,
Dude, I never ever ever ever ever ever ever ever ever rely on news for trades, GOSH!! have you ever ever seen me interpreting news? Only thing I can understand on the FF homepage is the color of the news results, green data for US means bad for Gold and vice versa, this is all I can observe. I do use time triggers though, when I'm anticipating PA.
Hello World!
  • #9,499
  • Jun 1, 2014 10:54pm Jun 1, 2014 10:54pm
Quoting ClockTrader
{quote} Dude, I never ever ever ever ever ever ever ever ever rely on news for trades, GOSH!! have you ever ever seen me interpreting news? Only thing I can understand on the FF homepage is the color of the news results, green data for US means bad for Gold and vice versa, this is all I can observe. I do use time triggers though, when I'm anticipating PA.
Yeah was another tongue in cheek comment sorry..

I use to think I was like super smart and could trade the fundamentals and technicals but often found one fighting against the other. Now I hardly look at the calendar release and just trade the technicals and are making better profits for it.
Also starting to hold trades for longer than 1 day or 1 week, thanks to you and some others CT. This is slowing down my passion to buy a yacht and mansion. Greed in this game will drown your account in the blink of an eye.
A genius is born every minute, me I am lucky if my socks match.
  • #9,500
  • Jun 1, 2014 10:55pm Jun 1, 2014 10:55pm
The last few posts made me think Why does almost everyone here want to become rich overnight?
Hello World!
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