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Only Gold!

  • #9,561
  • Jun 3, 2014 12:48am Jun 3, 2014 12:48am
Another short hedge placed on the current high
Now the waiting game begins.
A genius is born every minute, me I am lucky if my socks match.
  • #9,562
  • Jun 3, 2014 1:18am Jun 3, 2014 1:18am
Quoting acidguy
{quote} yep, look like most of the traders are watching that right now. 70% of probability were not going down this time before a $1260 touch, look like is close to explode to the upside, Gold is trading right now just in technical mode and we are just kissing resistance of downtrend channel fundamental traders look like are on vacation.
It broke already to the upside, but no force behind it, more to chicken out the people who are looking at this pattern. In my younger years I would already be stopped out, but nowadays you see more and more traps, therefore I will allways look at a higher timeframe for confirmation. Maybe it first want to touch 1248, if it goes higher I will reconsider my short position.

good luck!
  • #9,563
  • Jun 3, 2014 1:35am Jun 3, 2014 1:35am
can somebody tell me the volume on the last two daily bars - today and yesterday?
  • #9,564
  • Jun 3, 2014 1:45am Jun 3, 2014 1:45am
Sideways can be boring and killer. The way I see, its drawn to clear trades with SLs lying too close AND to test our patience.
Hello World!
  • #9,565
  • Jun 3, 2014 2:05am Jun 3, 2014 2:05am
too closeto major support line imo. prepared to wait for a trend or a celebration(?) whichever comes 1st chers Q
Whats That? you're trading What?
  • #9,566
  • Jun 3, 2014 2:31am Jun 3, 2014 2:31am
Inserted Video
  • #9,567
  • Jun 3, 2014 3:00am Jun 3, 2014 3:00am
Quoting bonnzi
https://www.youtube.com/watch?v=DuRBvXv2rao
Nice link.

Was watching a few last night and most are saying the same thing, everybody predicting we are at the low and about to bounce.
So many predicting the end of the US dollar, we are going to kill the US dollar.
The conspiracy theorist in me says that people (big players) want the small players to invest (buy buy buy) and then we will take their stop loss and then boom to the upside.

Extreme
Inserted Video


Um - extreme
Inserted Video


Info wars - not bad, as in informative
Inserted Video


But, if you do watch these make sure you look at your charts first, second and third and then a fourth time, all time frames, step away from your charts for an hour and then trade. For me something is not adding up just yet, unless this news occurs and effects the market in months to come.

Or it could be another ruse to shift money..
A genius is born every minute, me I am lucky if my socks match.
  • #9,568
  • Jun 3, 2014 3:11am Jun 3, 2014 3:11am
Quoting whackdiddy
{quote} Nice link. Was watching a few last night and most are saying the same thing, everybody predicting we are at the low and about to bounce. So many predicting the end of the US dollar, we are going to kill the US dollar. The conspiracy theorist in me says that people (big players) want the small players to invest (buy buy buy) and then we will take their stop loss and then boom to the upside. Extreme https://www.youtube.com/watch?v=ezFSn9Q6NlI Um - extreme https://www.youtube.com/watch?v=GelIqtFbo8g...
Big players always win, so it should be retail investors buy and institutions/hedgefunds/banks sell, boom to the downside.
  • #9,569
  • Jun 3, 2014 3:17am Jun 3, 2014 3:17am
Quoting TudorJonesJR
{quote} Big players always win, so it should be retail investors buy and institutions/hedgefunds/banks sell, boom to the downside.
Btw, you have to watch out for that conspiracy theory stuff if you are purely a trader. It will definatly cloud your bias and will also legimate (for yourself) bad trades which often result in bankruptcy.
  • #9,570
  • Jun 3, 2014 3:23am Jun 3, 2014 3:23am
Quoting whackdiddy
{quote} Nice link. Was watching a few last night and most are saying the same thing, everybody predicting we are at the low and about to bounce. So many predicting the end of the US dollar, we are going to kill the US dollar. The conspiracy theorist in me says that people (big players) want the small players to invest (buy buy buy) and then we will take their stop loss and then boom to the upside. Extreme https://www.youtube.com/watch?v=ezFSn9Q6NlI Um - extreme https://www.youtube.com/watch?v=GelIqtFbo8g Info wars - not bad,...

yup that video was sort of a long term perspective that corresponded well with ClockTrader's golden seasons. That is why i decided to post it. Not that it helps us very much at the moment but just something to think about
  • #9,571
  • Jun 3, 2014 3:33am Jun 3, 2014 3:33am
On the M15 I am seeing a cliff forming to the bear and a potential 1243.84 in the next 45 minutes. From there we will resume another bull kick unless we break the 1243.84 mark..
A genius is born every minute, me I am lucky if my socks match.
  • #9,572
  • Jun 3, 2014 3:39am Jun 3, 2014 3:39am
Quoting whackdiddy
On the M15 I am seeing a cliff forming to the bear and a potential 1243.84 in the next 45 minutes. From there we will resume another bull kick unless we break the 1243.84 mark..

Wow...
  • #9,573
  • Jun 3, 2014 3:43am Jun 3, 2014 3:43am
Quoting whackdiddy
On the M15 I am seeing a cliff forming to the bear and a potential 1243.84 in the next 45 minutes. From there we will resume another bull kick unless we break the 1243.84 mark..
and the eu cpi in less than 20 min that will come negative probably will support your view
or its already priced in
  • #9,574
  • Jun 3, 2014 3:54am Jun 3, 2014 3:54am
Quoting multi888
{quote} Wow...
Now now Multi, don't get carried away. You only need to bow once dude...
A genius is born every minute, me I am lucky if my socks match.
  • #9,575
  • Jun 3, 2014 4:23am Jun 3, 2014 4:23am
Well done W~~~~~~~y I didnt know if we were supposed to be looking at shorter time frames .... classic "pin bar" on reisistance on 15 min ... short time frame purely for excitment (beats boredom) never discount the long term trend IMO cheersQ
Whats That? you're trading What?
  • #9,576
  • Jun 3, 2014 4:34am Jun 3, 2014 4:34am
Sometimes its bad to abandon old love(AJ) and concentrate fully on new love(gold), this new love is hurting me badly whenever I tried to catch her bottom.
The only winner is the one who survive the longest...
  • #9,577
  • Jun 3, 2014 4:40am Jun 3, 2014 4:40am
Quoting kinspk
Sometimes its bad to abandon old love(AJ) and concentrate fully on new love(gold), this new love is hurting me badly whenever I tried to catch her bottom.
Yeah, have been watching your %, are you holding or folding? I am being stubborn and stupid and holding what seem to be rediculous trades. 2x -5000 trades. But making coin around them.
A genius is born every minute, me I am lucky if my socks match.
  • #9,578
  • Jun 3, 2014 4:43am Jun 3, 2014 4:43am
Quoting kinspk
Sometimes its bad to abandon old love(AJ) and concentrate fully on new love(gold), this new love is hurting me badly whenever I tried to catch her bottom.
no worries most of us are on the same boat
all we need to do is sit back, relax and manage to survive the next few months not a biggie
  • #9,579
  • Jun 3, 2014 4:45am Jun 3, 2014 4:45am
Another drop on the m1 to form double bottom.
A genius is born every minute, me I am lucky if my socks match.
  • #9,580
  • Jun 3, 2014 4:55am Jun 3, 2014 4:55am
Quoting bonnzi
{quote} no worries most of us are on the same boat all we need to do is sit back, relax and manage to survive the next few months not a biggie
Thanks, but hope we don't sink together.

Quoting whackdiddy
{quote} Yeah, have been watching your %, are you holding or folding? I am being stubborn and stupid and holding what seem to be rediculous trades. 2x -5000 trades. But making coin around them.
I think I will be holding my long this time. I am looking for it to correct at least 15 to 20 bucks from the low. Time to go out for a beer again.
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The only winner is the one who survive the longest...
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