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  • #9,501
  • Jun 1, 2014 10:56pm Jun 1, 2014 10:56pm
Quoting whackdiddy
{quote} 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.
My last post and your last post fall on one dot like complementing each other.
Hello World!
  • #9,502
  • Jun 1, 2014 11:33pm Jun 1, 2014 11:33pm
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.
My sentiments go according to what diddy mentioned, but no I didn't buy because you said you were buying. I bought because my indicators signal an almost oversold set up.
A 1 pip gain is better than a 1 pip loss.
  • #9,503
  • Jun 1, 2014 11:35pm Jun 1, 2014 11:35pm
Quoting whackdiddy
{quote} 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... American GDP has people a little scared.. go on admit it CT you are a little cautious after the -1.0% Ukraine is not over yet, it could escalate again rather quickly ECB negative rates... what the hell... sounds great. 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...
Hi diddy, when CT sort of implied we will be bullish in June, I only took longs because my indicators signal a case of bottoming out and oversold conditions. The fact that he was trying his test longs made me more confident that's all. He didn't influence me in buying in any way at all.
A 1 pip gain is better than a 1 pip loss.
  • #9,504
  • Jun 1, 2014 11:41pm Jun 1, 2014 11:41pm
Quoting aeternum
{quote} Hi diddy, when CT sort of implied we will be bullish in June, I only took longs because my indicators signal a case of bottoming out and oversold conditions. The fact that he was trying his test longs made me more confident that's all. He didn't influence me in buying in any way at all.
All good and apologies if I came off as rude..
What you describe is exactly what I went through, CT gave me confidence in my bullish sentiment as well.

I was just in a bit of a weird mood hence the tag whackdiddy, and trying to make light of a slow moving day and the start of what could be an exciting week.

diddy makes me sound like a rap star,, yeah I don't mind that... lol
A genius is born every minute, me I am lucky if my socks match.
  • #9,505
  • Jun 2, 2014 12:20am Jun 2, 2014 12:20am
Entered a long on the recent dip. Will most likely close out before UK session kicks off unless I get a nice profit margin to hold until we see where gold is going.
A genius is born every minute, me I am lucky if my socks match.
  • #9,506
  • Jun 2, 2014 12:37am Jun 2, 2014 12:37am
double bottom on the m15 may be developing.
A genius is born every minute, me I am lucky if my socks match.
  • #9,507
  • Jun 2, 2014 12:41am Jun 2, 2014 12:41am
Quoting whackdiddy
double bottom on the m15 may be developing.
im amazed with gold, its falling so quickly,
no one wanna buy

Alex Jones and Peter Schiff told we were going to be around $2000 today
  • #9,508
  • Jun 2, 2014 12:49am Jun 2, 2014 12:49am
Quoting acidguy
{quote} im amazed with gold, its falling so quickly, no one wanna buy Alex Jones and Peter Schiff told we were going to be around $2000 today
No surge yet.. but it is going to come (I bloody hope it is going to come).. I think we are simply shaking some longs before the UK session and US session kick in.
A genius is born every minute, me I am lucky if my socks match.
  • #9,509
  • Jun 2, 2014 1:46am Jun 2, 2014 1:46am
2000$ ? Who can think gold would go that high on just a day ? O.O
  • #9,510
  • Jun 2, 2014 1:47am Jun 2, 2014 1:47am
Quoting ThePolarFox
2000$ ? Who can think gold would go that high on just a day ? O.O

Unless a War breaks out...but that's impossible.
  • #9,511
  • Jun 2, 2014 1:47am Jun 2, 2014 1:47am
Quoting whackdiddy
{quote} No surge yet.. but it is going to come (I bloody hope it is going to come).. I think we are simply shaking some longs before the UK session and US session kick in.
Just for my understanding, are you using stops and what is your target?
I admire your perserverance, I have still all my shorts open, looking now at 1235 area to close some.

Good luck all in the new week.
  • #9,512
  • Jun 2, 2014 1:49am Jun 2, 2014 1:49am
I thought this insight might help some people here..

This is dated May-29-2014
Attached Image
Hello World!
  • #9,513
  • Jun 2, 2014 1:51am Jun 2, 2014 1:51am
Quoting ClockTrader
I thought this insight might help some people here.. This is dated May-29-2014 {image}
I'll add my signature here below:

Start Investing in June, Sell by/in Jan, Retain some if you can!

Even from the remotest angle, this does not sound like a trader's view, does it?

I encourage investors to buy through June-July and sell that stock by Jan
Hello World!
  • #9,514
  • Jun 2, 2014 2:04am Jun 2, 2014 2:04am
Quoting TudorJonesJR
{quote} Just for my understanding, are you using stops and what is your target? I admire your perserverance, I have still all my shorts open, looking now at 1235 area to close some. Good luck all in the new week.
Hi Tudor,

Stop was set at 1230.57 and TP is currently set for a 1600.75 (yes high, but if not stopped out and depending on the UK / US Session this will be a long term trade and I will hold until situations change or I see a long term bearish trend on gold.)

Basically this is the way I operate, either my ex wife gets my money or I trade it through my business. So if locked away in gold and other trades, the ex wife does not get her new lear jet and bling..

Okay okay, there is no lear jet - he says waving his hands in a jedi like fashion.
A genius is born every minute, me I am lucky if my socks match.
  • #9,515
  • Jun 2, 2014 2:48am Jun 2, 2014 2:48am
Quoting whackdiddy
{quote} Hi Tudor, Stop was set at 1230.57 and TP is currently set for a 1600.75 (yes high, but if not stopped out and depending on the UK / US Session this will be a long term trade and I will hold until situations change or I see a long term bearish trend on gold.) Basically this is the way I operate, either my ex wife gets my money or I trade it through my business. So if locked away in gold and other trades, the ex wife does not get her new lear jet and bling.. Okay okay, there is no lear jet - he says waving his hands in a jedi like fashion....
Lol, good luck with that! And yes investing is indeed better than losing it on your exwife
Normally I am also a gold bull, but for the moment sentiment is pro stocks and anti gold. I hope to be able acquire some real gold coins in the around the 1000 per ounce for personall insurance.
  • #9,516
  • Jun 2, 2014 2:51am Jun 2, 2014 2:51am
M1 is about to surge bull. TK cross at the top of the cloud, if we peak a 1245.70 we break M5 resistance for the start of the UK session.
A genius is born every minute, me I am lucky if my socks match.
  • #9,517
  • Jun 2, 2014 2:54am Jun 2, 2014 2:54am
Off to the gym, will check in later for hopefully an exciting night of trades.
A genius is born every minute, me I am lucky if my socks match.
  • #9,518
  • Jun 2, 2014 4:57am Jun 2, 2014 4:57am
#gold is nearing a significant support level that could provide a tradeable rally of $100 per ounce.

There are 2 levels of wave relationships arriving in the same vicinity of 1235.

The yellow metal appears stuck in a sideways triangle consolidation.

The current consolidation may be the 4th leg of a 5 wave triangle. If so, prices would likely find support prior to the December 2013 low of 1179.

Mapping out the wave relationships, many times the 4th leg of a triangle has a fibonacci relationship in distance to the 2nd leg of the triangle.

Since the second leg of the triangle moved $255, if we apply the 61.8% ratio to this distance we receive $157 wave relationship for the 4th leg. If we take the beginning of this 4th wave (March 2014 high), and subtract the $157 proposal, that yields a $1235 price target.

Additionally, within the 4th wave, we can map out the wave relationship of the blue 'c' leg. Blue wave 'c' equals 61.8% the length of blue wave 'a' at 1235 (see orange horizontal line).

So there you have it, strong wave relationships from two different measurements showing up at 1235. If a bounce develops, the topside target is likely 1340-1390 so there is plenty of opportunity on a bounce.

There is a chance that 1235 fails to hold support. If so, then 1190-1200 is the next layer of strong support.

If you look at this as a 2 trade sequence (buying near 1235 and if that loses, then buying near 1200), it is higher probability that we win on one of the the 2 trades. Those are the types of set ups I'm interested in as a trader. I don't need to be right all of the time, but when I'm right, I want it to cover up several losing trades.

source mentioned in photo.
Attached Image (click to enlarge)
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  • #9,519
  • Jun 2, 2014 5:01am Jun 2, 2014 5:01am
Look good for a small bull?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 16 KB
The only winner is the one who survive the longest...
  • #9,520
  • Jun 2, 2014 5:27am Jun 2, 2014 5:27am
Yes normally penis formations go up , but bull doesn't look that strong. Looks like it is waiting for US open.
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