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  • #9,761
  • Jun 6, 2014 7:20am Jun 6, 2014 7:20am
Now this is exciting, seems everybody is anticipating bad news and buying heavy.. if the news support we should rocket..
A genius is born every minute, me I am lucky if my socks match.
  • #9,762
  • Edited 7:33am Jun 6, 2014 7:23am | Edited 7:33am
2 Buy orders at 1253. Now at BE.Ist target at 1256, trailing SL for second order. Lets see where NFP takes price to.
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1st target secured +30. 2nd SL moved to +10 to allow for slippage.

SL hit even as I wrote. Slippage was large. Even with SL at +10, endedup -6 with second order.
  • #9,763
  • Jun 6, 2014 7:25am Jun 6, 2014 7:25am
Quoting waleed.khan
it's to early to say before the jobs numbers; but it seem like gold is poised to go up... Euro, aud and the usd index have bounced off key sr areas...and there seems to be hidden bullish divergence developing on the 1 hr chart... Again it is to early to say; and better to enter into a position after the nfp when the market settles on a direction...
1280 would be great i am going to tp on 52 if i can just before the news then i think it will be fingers on the button gl
  • #9,764
  • Jun 6, 2014 7:45am Jun 6, 2014 7:45am
wow... okay so I think we have to wait for the trading floor to open and the banks to step in before a true direction / trend is established but expecting another large move when they come online. I am largely hedged so either way works for me at the moment, currently smack bang in the middle. Not such a bad place to be.

I am inclined to think we will drop, the numbers are in some cases better than forecasted and the psychological impact of bad numbers displayed for the entire week built the impression of a massive spike.

H4 is still very much intact. Take note of the kijun and tenkan (blue and red), perfectly parallel, market has not made up its mind yet as to trend.. but we are ever so slightly bullish.. But predicting the red to cross in a classic TK cross to the bear.
H1 is looking like a double top..

thoughts?
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A genius is born every minute, me I am lucky if my socks match.
  • #9,765
  • Jun 6, 2014 7:48am Jun 6, 2014 7:48am
Quoting elbert3
{quote} 1280 would be great i am going to tp on 52 if i can just before the news then i think it will be fingers on the button gl

Thanks.. still to early to say... too mixed...

The important thing to watch is the euro and if it will continue to go up after yesterday.. if it does I think gold will follow...

If you notice the rhetoric on bloomberg has already shifted too.. bad gdp (low manufacturing jobs etc...) and the fact that across the sea europe has become an opportunity for investors...hence we can see capital flight from dollar to the euro in the short term...which should be bullish for gold!

This might just blow up to a long term trend and be in line with cT's seasons too..
  • #9,766
  • Jun 6, 2014 7:58am Jun 6, 2014 7:58am
Quoting whackdiddy
wow... okay so I think we have to wait for the trading floor to open and the banks to step in before a true direction / trend is established but expecting another large move when they come online. I am largely hedged so either way works for me at the moment, currently smack bang in the middle. Not such a bad place to be. I am inclined to think we will drop, the numbers are in some cases better than forecasted and the psychological impact of bad numbers displayed for the entire week built the impression of a massive spike. H4 is still very much intact....
Double top? Gold has formed a pinbar on 1H and is now rising on it
A 1 pip gain is better than a 1 pip loss.
  • #9,767
  • Edited 8:34am Jun 6, 2014 8:09am | Edited 8:34am
Quoting whackdiddy
wow... okay so I think we have to wait for the trading floor to open and the banks to step in before a true direction / trend is established but expecting another large move when they come online. I am largely hedged so either way works for me at the moment, currently smack bang in the middle. Not such a bad place to be. I am inclined to think we will drop, the numbers are in some cases better than forecasted and the psychological impact of bad numbers displayed for the entire week built the impression of a massive spike. H4 is still very much intact....
hi,,,
i always see your posts..
i also use ichimoku indicator as you..
but i cant add buy and sell signal on it...
have you any template or indicator of this????
if you load here ,,i will be thankfull to you............

i am searching of this from last many time..buy cant found....
plzz attach template or indicator ......
  • #9,768
  • Jun 6, 2014 8:20am Jun 6, 2014 8:20am
Currently short mid 1250s. No guarantees, caution is the name of the game.
Got my ar$e handed to me trying to trade USD/JPY whipsaw post NFP - that'll teach me
  • #9,769
  • Jun 6, 2014 8:44am Jun 6, 2014 8:44am
Quoting aeternum
{quote} Double top? Gold has formed a pinbar on 1H and is now rising on it
Hey where did the "If I knew anything about PA go?"

not to gloat but but I will...
"your puny pinbar has nothing compared to my ichi.." said in the voice of the hulk...
Attached Image
A genius is born every minute, me I am lucky if my socks match.
  • #9,770
  • Jun 6, 2014 8:46am Jun 6, 2014 8:46am
As I posted on June 3rd ... the break down in the Weekly was BIG we are not going to pullback ... you were warned !!! All people that bought into the NFP were being sucked into sellers positioning themselves to sell more ... yesterday we had a huge move up, without any major report to kick it off 1 day before the NFP ... what do you think they were doing ? They were building positions to SELL !!! If the big guns wanted to buy they would have bought 3 days a go ... why did they wait till yesterday .... so they can SELL !!!
  • #9,771
  • Jun 6, 2014 8:49am Jun 6, 2014 8:49am
Quoting whackdiddy
{quote} Hey where did the "If I knew anything about PA go?" not to gloat but but I will... "your puny pinbar has nothing compared to my ichi.." said in the voice of the hulk... {image}
now watch it reverse and me run for cover... lol
A genius is born every minute, me I am lucky if my socks match.
  • #9,772
  • Jun 6, 2014 8:49am Jun 6, 2014 8:49am
I hope they are catching buyer's sl to go up....otherwise I'm fucked...
If you do not know who you are, the Forex is the worst place to find you
  • #9,773
  • Jun 6, 2014 8:51am Jun 6, 2014 8:51am
Quoting captbritain
As I posted on June 3rd ... the break down in the Weekly was BIG we are not going to pullback ... you were warned !!! All people that bought into the NFP were being sucked into sellers positioning themselves to sell more ... yesterday we had a huge move up, without any major report to kick it off 1 day before the NFP ... what do you think they were doing ? They were building positions to SELL !!! If the big guns wanted to buy they would have bought 3 days a go ... why did they wait till yesterday .... so they can SELL !!!

price is still testing support 1245-47 area... ( could be a retest of its breakout area)

good luck though if you are in a trade!; as it doesn't matter to me which way price goes at the moment...(sidelined)
  • #9,774
  • Jun 6, 2014 8:53am Jun 6, 2014 8:53am
I'm on the sideline for the time being after shorting from 1256 to 1247, according to my charts, the bear attack should be over by maximum 1244 - 1239 zone before resuming the uptrend to test 1266 - 1271 zone, from there we will see the trend direction.
  • #9,775
  • Jun 6, 2014 8:55am Jun 6, 2014 8:55am
Quoting fxmasterdxb
I'm on the sideline for the time being after shorting from 1256 to 1247, according to my charts, the bear attack should be over by maximum 1244 - 1239 zone before resuming the uptrend to test 1266 - 1271 zone, from there we will see the trend direction.
Good call on the 1244... see support at current candle bottom. would not take much to punch through but bear movement is a little weak at the moment.
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A genius is born every minute, me I am lucky if my socks match.
  • #9,776
  • Jun 6, 2014 8:56am Jun 6, 2014 8:56am
Quoting fxmasterdxb
I'm on the sideline for the time being after shorting from 1256 to 1247, according to my charts, the bear attack should be over by maximum 1244 - 1239 zone before resuming the uptrend to test 1266 - 1271 zone, from there we will see the trend direction.
I closed some heavy shorts for profits, waited for slight pullback to 1248, and now loaded shorts again. Think we're likely to see 1225 within a week....
"The market can remain irrational longer than you can remain solvent"
  • #9,777
  • Jun 6, 2014 8:58am Jun 6, 2014 8:58am
Quoting whackdiddy
{quote} Good call on the 1244... see support at current candle bottom. would not take much to punch through but bear movement is a little weak at the moment. {image}
This is exactly what i'm referring to! let see time will tell!

I will stay on the sideline for the time being until the picture is clearer, probably by Monday
  • #9,778
  • Jun 6, 2014 9:00am Jun 6, 2014 9:00am
Quoting anton.olff
{quote} I closed some heavy shorts for profits, waited for slight pullback to 1248, and now loaded shorts again. Think we're likely to see 1225 within a week....
Good luck with that bro, hope you get to your target

For me i rather to wait for further confirmation before taking any position in gold
  • #9,779
  • Jun 6, 2014 9:04am Jun 6, 2014 9:04am
This is where we are going from what i can see.
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  • #9,780
  • Jun 6, 2014 9:08am Jun 6, 2014 9:08am
Quoting rythmrig
This is where we are going from what i can see. {image} {image}
I believe your second chart shows a possible resistance once touching the upper line on the channel
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