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  • #9,661
  • Jun 4, 2014 7:37pm Jun 4, 2014 7:37pm
Quoting Msis125125
Vantage FX UK refunded and reinstated all loses from XAUUSD, great support. I imagine brokers have technical issues like many of us with normal computers. So no harm done.
well done on chasing up and not going apeshit..
A genius is born every minute, me I am lucky if my socks match.
  • #9,662
  • Jun 4, 2014 7:54pm Jun 4, 2014 7:54pm
Bearish Engulfing on hourly gold chart .could be worth small entry .
Whats That? you're trading What?
  • #9,663
  • Jun 4, 2014 10:31pm Jun 4, 2014 10:31pm
Interesting formation on the M15 showing another dip to the 1242 level, however cannot confirm fully on other time frames.
On the H1 I am seeing a jump back to the 1245 level in about 4 hours time though.

So could be a nice play to enter a long at the dip of 1242 and a safe play to pop out at 1245.

Other than that we are ranging again and might well be in this mode until Friday News release.
A genius is born every minute, me I am lucky if my socks match.
  • #9,664
  • Jun 4, 2014 10:59pm Jun 4, 2014 10:59pm
yeh ..went short on the bearish engulfing , went itm ,set stop just in profit got taken out for tiny profit , to many upper shadows and lower tails atm ,checking other things like OIL etc for oppos
Whats That? you're trading What?
  • #9,665
  • Jun 4, 2014 11:48pm Jun 4, 2014 11:48pm
have you ever looked at HeikinAshi "smoothed" I dont have the patience to wait for xover and it does sem to me that daily provides much less angst than shorter time frames ,wider stops but bigger gains , I run daily only on demo and it works well (no emotion though)
Attached Image (click to enlarge)
Click to Enlarge Name: HA smoothed.jpg Size: 139 KB
Whats That? you're trading What?
  • #9,666
  • Jun 5, 2014 12:00am Jun 5, 2014 12:00am
wow, i could not imagine this yesterday looking at PA that gold is about to put a leg in $1232, friday is only close hope for a strong recovery, in the present moment negative news about China keep coming out,
what ive been reading summary, China demand is damaging fast for Oil and Metals and they are using cash heavily to try to keep economy afloat.
  • #9,667
  • Jun 5, 2014 12:34am Jun 5, 2014 12:34am
Quoting acidguy
wow, i could not imagine this yesterday looking at PA that gold is about to put a leg in $1232, friday is only close hope for a strong recovery, in the present moment negative news about China keep coming out, what ive been reading summary, China demand is damaging fast for Oil and Metals and they are using cash heavily to try to keep economy afloat.

Yep, starting to think that us poor buggers with longs are going to be waiting a while, but that is okay. As many analysts are saying by the end of the year we should be around the 1400 if not higher. So my longs are no longer a distraction, I am trading normal and leaving them to do their thing. As CT put it, they are an investment and not a trade..
A genius is born every minute, me I am lucky if my socks match.
  • #9,668
  • Jun 5, 2014 1:26am Jun 5, 2014 1:26am
Quoting whackdiddy
{quote} Yep, starting to think that us poor buggers with longs are going to be waiting a while, but that is okay. As many analysts are saying by the end of the year we should be around the 1400 if not higher. So my longs are no longer a distraction, I am trading normal and leaving them to do their thing. As CT put it, they are an investment and not a trade..
thats the spirit
let see what Draghi brings us today
  • #9,669
  • Jun 5, 2014 1:54am Jun 5, 2014 1:54am
M30 looks to be heading for a brick wall, we either get the strength to go over or under we go.

We will jump up a little as we are ranging but if you can buy at a peak you stand a strong chance of making some coin on a short. But keep it as a scalp and try to get out before the Draghi messes the charts and peoples shorts (in both senses of the word).

The wall is two to three hours away and the peak is 1246.14 and bottom is 1243 (but expect to go lower maybe to the 1242-1 level).
A genius is born every minute, me I am lucky if my socks match.
  • #9,670
  • Jun 5, 2014 1:55am Jun 5, 2014 1:55am
Quoting whackdiddy
M30 looks to be heading for a brick wall, we either get the strength to go over or under we go. We will jump up a little as we are ranging but if you can short at a peak you stand a strong chance of making some coin on a short. But keep it as a scalp and try to get out before the Draghi messes the charts and peoples shorts (in both senses of the word). The wall is two to three hours away and the peak is 1246.14 and bottom is 1243 (but expect to go lower maybe to the 1242-1 level).
Not buy... short.. grr.
A genius is born every minute, me I am lucky if my socks match.
  • #9,671
  • Jun 5, 2014 2:39am Jun 5, 2014 2:39am
Brick wall, reinforced..
A genius is born every minute, me I am lucky if my socks match.
  • #9,672
  • Jun 5, 2014 2:49am Jun 5, 2014 2:49am
Good morning all, still short as my TP was tonight missed by 32 pips
Still looking bearish and maybe I will hold as I already have a good entry.

Good luck
  • #9,673
  • Jun 5, 2014 2:58am Jun 5, 2014 2:58am
Is this your "brick wall"?
Attached Image (click to enlarge)
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Whats That? you're trading What?
  • #9,674
  • Jun 5, 2014 3:04am Jun 5, 2014 3:04am
Quoting Qed
Is this your "brick wall"? {image}
i thought it was on the upside that brick wall
  • #9,675
  • Jun 5, 2014 3:06am Jun 5, 2014 3:06am
So how do you guys think ECB decision is going to play out...

negative int rates...should be bullish for dollar and hence bad for gold

but negative int rates for a major trading block in the world... could signal a fundamental demand shift to gold...

Maybe dollar and Gold will rallly -- This is a tricky one...!
  • #9,676
  • Jun 5, 2014 3:08am Jun 5, 2014 3:08am
Quoting Qed
Is this your "brick wall"? {image}
Still heading for the brick wall, not hit yet. But we are heading under it hence the recent bear spikes.

Qed, the brick wall and cliff's I mention are on ichi indicator, they are clouds that are vertical and show a major and sometimes like today minor reaction / correction. They are not solid, as in we can punch above or below, and occasionally when trend is broken we can sneak through them. But seeing as we are in a bear trend, it signaled for me that we are heading under.

If you look at the ichi on the H1, you will notice a nice red cloud forming on the far right. This is the upward kick back to the 1246 ish level.
A genius is born every minute, me I am lucky if my socks match.
  • #9,677
  • Jun 5, 2014 3:11am Jun 5, 2014 3:11am
Take your pick
Attached Image (click to enlarge)
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Whats That? you're trading What?
  • #9,678
  • Jun 5, 2014 3:13am Jun 5, 2014 3:13am
Quoting bonnzi
{quote} i thought it was on the upside that brick wall
Sorry if I was not clear on that one Bonnzi. I know I have been drumming the bull drum but ..
A genius is born every minute, me I am lucky if my socks match.
  • #9,679
  • Jun 5, 2014 3:29am Jun 5, 2014 3:29am
Quoting whackdiddy
{quote} Still heading for the brick wall, not hit yet. But we are heading under it hence the recent bear spikes. Qed, the brick wall and cliff's I mention are on ichi indicator, they are clouds that are vertical and show a major and sometimes like today minor reaction / correction. They are not solid, as in we can punch above or below, and occasionally when trend is broken we can sneak through them. But seeing as we are in a bear trend, it signaled for me that we are heading under. If you look at the ichi on the H1, you will notice a nice red cloud...
yes really tricky, I closed my shorts mannually, I will wait this one out.
  • #9,680
  • Jun 5, 2014 3:30am Jun 5, 2014 3:30am
Quoting whackdiddy
{quote} Sorry if I was not clear on that one Bonnzi. I know I have been drumming the bull drum but ..
To tell you the truth,naming our underwater long positions an investment makes me feel more relaxed haha That was a good one
As was already mentioned this range looks like the pre 1290 drop Maybe we go lower before any significant move to the upside

Quoting waleed.khan
So how do you guys think ECB decision is going to play out... negative int rates...should be bullish for dollar and hence bad for gold but negative int rates for a major trading block in the world... could signal a fundamental demand shift to gold... Maybe dollar and Gold will rallly -- This is a tricky one...!
Very tricky indeed. Cant wait to see what happens next
Good luck!!! We will need it haha
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