Attachments: Only Gold!

Only Gold!

#9,701
Jun 5, 2014 8:10am Jun 5, 2014 8:10am

Qed
| Joined Jun 2014 | Status: Trader | 809 Posts

good quick short done and dusted , OIL falling nicely from 102.33 entry

Whats That? you're trading What?

#9,702
Jun 5, 2014 8:35am Jun 5, 2014 8:35am

waleed.khan
Joined Mar 2014 | Status: Trader | 1,062 Posts

Quoting TudorJonesJR

Disliked

{quote} Yep, looking at retest of the high, maybe will take some shorts. Good luck to you to!

Ignored

I am going to see how 1250 to 1246 area holds as support and judging on that might go long in a bit... targeting 1280 resistance region!

#9,703
Jun 5, 2014 8:39am Jun 5, 2014 8:39am

bonnzi
| Joined Nov 2013 | Status: Trader | 366 Posts

Quoting waleed.khan

Disliked

{quote} I am going to see how 1250 to 1246 area holds as support and judging on that might go long in a bit... targeting 1280 resistance region!

Ignored

1280 wow not that i do not want it badly to go there but....

doyou plan this to be a rather long term trade or intraday?

#9,704
Jun 5, 2014 8:47am Jun 5, 2014 8:47am

waleed.khan
Joined Mar 2014 | Status: Trader | 1,062 Posts

Quoting bonnzi

Disliked

{quote} 1280 wow not that i do not want it badly to go there but.... doyou plan this to be a rather long term trade or intraday?

Ignored

2 or 3 days...maybe by tomorow nfp.. Market should retest its breakout area (generally)

but I am not entering now...will wait it out; till candles guide for a long...

*there is good volume for a touch at 1280* Still to early to enter though

#9,705
Jun 5, 2014 8:48am Jun 5, 2014 8:48am

anton.olff
| Joined Jan 2009 | Status: Ex-pat New Yorker. | 1,053 Posts

Quoting waleed.khan

Disliked

{quote} I am going to see how 1250 to 1246 area holds as support and judging on that might go long in a bit... targeting 1280 resistance region!

Ignored

Thanks to Mario, I added shorts at 1252. If the New York traders take this up to 1260-1265, I will add more. My humble opinion, is that Draghi's move was predicted and will have less of an impact than anything the Fed will do (like continuing the reduction of QE). IF tomorrow's NFP is not good, this will give market some pause to reflect, and we could see gold move back up towards 1288...but that is less likely than continuation of current downward trend towards 1200.

"The market can remain irrational longer than you can remain solvent"

#9,706
Jun 5, 2014 8:54am Jun 5, 2014 8:54am

waleed.khan
Joined Mar 2014 | Status: Trader | 1,062 Posts

Quoting anton.olff

Disliked

{quote} Thanks to Mario, I added shorts at 1252. If the New York traders take this up to 1260-1265, I will add more. My humble opinion, is that Draghi's move was predicted and will have less of an impact than anything the Fed will do (like continuing the reduction of QE). IF tomorrow's NFP is not good, this will give market some pause to reflect, and we could see gold move back up towards 1288...but that is less likely than continuation of current downward trend towards 1200.

Ignored

Agreed!

My talk of 1280 region is an ideal situation of a short (but PA candles will eventually decide)...from there I intend to short (if tomorrows NFP is good)

but I feel it is still too soon to say or do anything right now... the euro has started to go up again; and the usd index is falling... that is why I think if support is found at these levels in the next few hours; it would be a good long to 1280 region...but barely risking anything...

#9,707
Jun 5, 2014 8:59am Jun 5, 2014 8:59am