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Only Gold!

  • #10,001
  • Jun 13, 2014 7:10am Jun 13, 2014 7:10am
Quoting Karpa
is this a known pattern? {image}
Perfect, no doubt!
  • #10,002
  • Jun 13, 2014 7:22am Jun 13, 2014 7:22am
Quoting topedge
This is a link to scripts and instructions which allows you to close all trades on a chart or globally on MT4. I haven't used it but think I need to as I have a number of buystops ready to trigger if this takes off. When I saw a post from CT I thought it might be handy with all the trades he has open and maybe for others. If you use it let me know how it works. I will do the same. http://forexmt4ea.com/close-all-trades-script-mt4/
There is an Ea calle Jims close orders you can download through Mt4 library. It has the options to close all trades or ones in profits or ones in loss.
  • #10,003
  • Jun 13, 2014 8:30am Jun 13, 2014 8:30am
Quoting Bigenshre
Cup and handle....in 4hr. chat... {image}
Is this a bullish formation or bearish.
Arun
  • #10,004
  • Jun 13, 2014 8:38am Jun 13, 2014 8:38am
Quoting arunthegreat
{quote} Is this a bullish formation or bearish.

cup and handle is bullish formation; but that is not complete as yet... There is a case for a "rounded" bottom though; which is bullish again...
  • #10,005
  • Jun 13, 2014 8:42am Jun 13, 2014 8:42am
Bearish trend begin, and next week will touch 1220 and then will test the support.
  • #10,006
  • Jun 13, 2014 8:50am Jun 13, 2014 8:50am
Quoting zew
{quote} Just share what I thought. It might be wrong even though I did something looks fine now. when looking at 4H chart. I found gold dropped more than $30 in a day. It's not quite often. I knew a retrace is ahead, but I have to wait, wait a lower position. When it dropped to $1250 straight without any retrace. nearly $50 from beginning only in 4 days. Gold is not like other forex, can be manipulated very easily. So I pull trigger put some long at $1250. then it through 1250 so quick, I didn't feel really bad, I knew a big retrace is for sure...

Thanks for sharing your thoughts...why would I say its crap? Different styles of trading; that's all (some people can afford Kevlar gloves to hold a falling knife...) ...even though eventually did you break even by being stopped out two times; or did you go martingale by doubling your bet each time the price fell and eventually coming on top?

I agree with you about gold being a long term bull!
  • #10,007
  • Jun 13, 2014 9:05am Jun 13, 2014 9:05am
Quoting Mitchoss
I believe the retrace down will align with the Options/Futures Expiration, as it always does. Then july will be a fantastic month to be a bull{quote}
Good observation... Should set reminder of this a week before...Always good to plan ahead; even in trading!

Quoting ClockTrader
{quote} You are one smart fella here ;-)
It was a fascinating trade
  • #10,008
  • Jun 13, 2014 9:18am Jun 13, 2014 9:18am
Hedged 20 - 30% of longs around 1271

Lets see if I'm right or wrong, hope June-End clears the air. On a broad level, I'll remain inclined towards investing in Gold in June and July.
Hello World!
  • #10,009
  • Jun 13, 2014 9:42am Jun 13, 2014 9:42am
it seems we are not gonna brake this 1274.84 today.... will see what next week brings us
have a good weekinds
  • #10,010
  • Jun 13, 2014 12:07pm Jun 13, 2014 12:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: dim.png Size: 33 KB
where are we? we are here. where are we going? ...
  • #10,011
  • Jun 13, 2014 9:04pm Jun 13, 2014 9:04pm
Quoting ClockTrader
Hedged 20 - 30% of longs around 1271 Lets see if I'm right or wrong, hope June-End clears the air. On a broad level, I'll remain inclined towards investing in Gold in June and July.
I would like to hedge 20% more of my longs early next week. I would not hedge anymore unless there are clear price correction patterns appearing.

Have a nice weekend you all!
Hello World!
  • #10,012
  • Jun 14, 2014 3:20am Jun 14, 2014 3:20am
Quoting ClockTrader
{quote} I would like to hedge 20% more of my longs early next week. I would not hedge anymore unless there are clear price correction patterns appearing. Have a nice weekend you all!
Hedge = sell ? I.e. you buy 10lots @ 1240, and hedging 20% @ 1275 means you sell 2 lots @ 1275 ?
Or "synthetic" hedging with other opposite instruments ?
  • #10,013
  • Jun 14, 2014 8:16am Jun 14, 2014 8:16am
Quoting Super_Mario
{quote} Hedge = sell ? I.e. you buy 10lots @ 1240, and hedging 20% @ 1275 means you sell 2 lots @ 1275 ? Or "synthetic" hedging with other opposite instruments ?
Hedge mean opening opposite position within same instrument, so margin level will increase. if you open other instrument you need margin and therefore decrease margin level.
  • #10,014
  • Jun 14, 2014 8:23am Jun 14, 2014 8:23am
Quoting nicefirework
{quote} Hedge mean opening opposite position within same instrument, so margin level will increase. if you open other instrument you need margin and therefore decrease margin level.
1. I suspect CT means something else by "hedging"
2. On the REAL market, it terms of same volume size, "opening opposite position on same instrument" actually means closing the first (previously open) position (= taking profit or loss). (Yes I know in kitchens giving MT4 and similar platforms it is allowed to "lock" position, usually without returning you your margin, but this only feeds kitchen's chefs in matter of double spreads)
  • #10,015
  • Jun 14, 2014 2:34pm Jun 14, 2014 2:34pm
Im thinking that Oil will go up with the new war starting and gold will drop. They tend to be opposite most times, but not all the time. If I was gambling, Id sell gold and buy oil. Set take profits and step back and wait. Could use a alligator indicator on both to see if the calm is before the storm and breaks out.
  • #10,016
  • Jun 14, 2014 3:51pm Jun 14, 2014 3:51pm
Quoting Professor53
Im thinking that Oil will go up with the new war starting and gold will drop. They tend to be opposite most times, but not all the time. If I was gambling, Id sell gold and buy oil. Set take profits and step back and wait. Could use a alligator indicator on both to see if the calm is before the storm and breaks out.
gold no more down. I have marked bottom at 1200 where I go all in if gets there.
  • #10,017
  • Jun 14, 2014 5:40pm Jun 14, 2014 5:40pm
Hey all,
my name is naif. This is my first day in forexfactory as a member.
i frequently trade gold.
the January 2014 start for gold from 1231 held strong so far. It kicked gold to 1390s.
i see gold for the rest of this year upward.
i have a pending buy at 1233
stop at 1228. Target set at 1390.
It should activate when pretty big news from US data becomes positive.
it should be a good trade with a huge profit ratio rate.

for the moment gold still neutral in a rang between 1248- 1283
  • #10,018
  • Jun 15, 2014 12:28am Jun 15, 2014 12:28am
Quoting shakiba
As you can see on the chart, there are 3 consequent patterns have been formed. The capital ABCD are Butterfly and Deep Crab patterns which is expected to see a demand rise up by having its time fulfilled around $1239-$1248. http://forex-fa14.blogspot.com {image}

Result:

http://forex-fa14.blogspot.com


Attached Image (click to enlarge)
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  • #10,019
  • Jun 15, 2014 3:00am Jun 15, 2014 3:00am
very simple channel projection calling the swing low in gold...
Attached Image (click to enlarge)
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  • #10,020
  • Jun 15, 2014 6:10am Jun 15, 2014 6:10am
Think Gold is on the rise due to the iraq issue which pushes the oil price up causing the market to foresee the incoming hyper inflation due to the rising oil price(everything run on oil). hopefully this will be limited once the USA start to air strike the Iraq and UN start to send in troops to help.
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