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  • #10,221
  • Jun 19, 2014 11:53am Jun 19, 2014 11:53am
Quoting prototip
{quote} now İ know why İ dont wanted to trade, 1266 not happened, 1268 happened, so it was high risk buy again and this risk was needles for long position... carrying long was good idea, and carried, well done...
closed...risky over 1310...
  • #10,222
  • Jun 19, 2014 11:54am Jun 19, 2014 11:54am
Quoting Kijun
I dont get what is driving it up SO hard w/o a retrace at all. EU is dropping again but gold doesnt care at all. Someone got an explanation?
I was amazed it managed to go through 1300 not to speak about 1315
  • #10,223
  • Jun 19, 2014 11:55am Jun 19, 2014 11:55am
well no trouble filling my upside target...testing prior tops now at 1315...see you on the next dip
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  • #10,224
  • Jun 19, 2014 11:59am Jun 19, 2014 11:59am
Quoting bayfisherman
well no trouble filling my upside target...testing prior tops now at 1315...see you on the next dip {image}

I also see this 1312 - 1315 area as a very hard resistance to break, I was looking back on March and April and everytime when it failed to brake higher from this points it went back to 1285 / 1275 and even lower, but as I said before I'm gonna wait to see if this piercing of the Kumo will be confirmed or rejected before entering any other trade .
  • #10,225
  • Jun 19, 2014 12:05pm Jun 19, 2014 12:05pm
Quoting Kijun
{quote} Got stopped out aswell @ 1305 so i dont have open trades anymore. Just learning and trying to understand those moves Thanks for your post.

My pleasure, I also learned a lot from my mistakes and also from others and now I'm just trying to share a bit of information that I consider decent with the guys here at FF. In the end it's all about supply and demand and some key levels that you have to watch out for, limit your loses and maximize your winnings, take the pips don't let them to rot when you have them on green and closed them with smaller loses instead of keeping them over extended period of time, hoping that the price will go back to that point ( this is from personal experience and stubbornness that I think I'm overcoming step by step ).
Also watch the developments on the current conflicts from Ukraine and Iran/Iraq + the Chinese data because also this are quite important factors for the price of precious metals.


Cheers and green pips,
VladG
  • #10,226
  • Jun 19, 2014 12:05pm Jun 19, 2014 12:05pm
Hey worth taking a swing right...b/e just trailing now..
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  • #10,227
  • Jun 19, 2014 12:16pm Jun 19, 2014 12:16pm
Why gold going too high.... any reason behind that
  • #10,228
  • Jun 19, 2014 12:17pm Jun 19, 2014 12:17pm
small intraday failure here on the bid/ask to go higher just scalping short 25 ticks or so now. My next support area is 1308.4
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  • #10,229
  • Jun 19, 2014 12:32pm Jun 19, 2014 12:32pm
Quoting bayfisherman
small intraday failure here on the bid/ask to go higher just scalping short 25 ticks or so now. My next support area is 1308.4 {image} {image}
Your charts are cool, so retro
cant relate to your entries dunno what im looking at..
i have some xau longs, just holding for 1400s i couldnt buy more now but i think it looks to surprise, maybe right upto 1350 tonight haha!
  • #10,230
  • Jun 19, 2014 12:33pm Jun 19, 2014 12:33pm
Quoting bayfisherman
small intraday failure here on the bid/ask to go higher just scalping short 25 ticks or so now. My next support area is 1308.4 {image} {image}
i just went for a long you say support at 1308, sl just below?
  • #10,231
  • Jun 19, 2014 12:34pm Jun 19, 2014 12:34pm
Quoting ClockTrader
Time to call it a day, wish you all a good one! PS: Desperately awaiting a peak out.

First day of jupiter exaltation; wonder what is in store for this entire transit
  • #10,232
  • Jun 19, 2014 12:42pm Jun 19, 2014 12:42pm
Quoting Verve
{quote} Your charts are cool, so retro cant relate to your entries dunno what im looking at.. i have some xau longs, just holding for 1400s i couldnt buy more now but i think it looks to surprise, maybe right upto 1350 tonight haha!
They are range/renko bars, just for intraday entries/exits and some scalps like this short, entry comes on close of bar...exit is the same either target hit or reversal bar in overbought/sold territory...they show price patterns very well don't you think ....here's a little a-b-c pullback into 1315 for another attempt short...probably it for me today don't want to fight the trend. As far as long term I'm with you looking towards prior tops at 1400.
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  • #10,233
  • Jun 19, 2014 12:51pm Jun 19, 2014 12:51pm
Quoting bayfisherman
{quote} They are range/renko bars{image}
Yes does show pattern well, alot like heiken ashi smoothed, also closing shop.. going to watch england advance into the finals lol anything is possible after spain got served chilli con carnage
  • #10,234
  • Jun 19, 2014 12:51pm Jun 19, 2014 12:51pm
I think this iraq situation is a lot worse and is going to stay for a long time...

ISIS...is involved in Syria also; they want to make a consolidated state!

I think this could topple into a new "gulf war" in the months ahead... Iraq lies open; lacks leadership...on the one side Iran and saudia arabia are working with U.S; but an oil rich country is right there for the taking... Could a regional war start between Saudi and Iran again? Could Russians be channeling support to the Kurds; after all they are buying Oil from them...could they be working with Assad (syria) to make a move (ultimately they could want to manipulate the price of oil like this; and eventually get their way and cement their importance in europe)...

Lets not forget Israel's security...? I think the U.s will ultimately reenter Iraq!
  • #10,235
  • Jun 19, 2014 12:54pm Jun 19, 2014 12:54pm
Quoting Windstrown
hey, Kijun 2 things mainly. shot term squeeze on gold futures spiked all metals expect it to end by tomorrow at the end of this week's session. The other one is the speculation about obama's conference at 5:30 am GMT about sending tactic soldiers to iraq. apearently he might send soldiers something he promised not to do.

Obama just said that he is deploying 500 soldiers for the beginning to Iraq, + more on bullish fundamentals
  • #10,236
  • Jun 19, 2014 1:05pm Jun 19, 2014 1:05pm
Quoting Verve
{quote} Yes does show pattern well, alot like heiken ashi smoothed, also closing shop.. going to watch england advance into the finals lol anything is possible after spain got served chilli con carnage
Thanks funny Columbia takes down drogba and toure...sorry ivory coast

Just another example of what I'm looking for intraday at the turn at major support and resistance...same trade today short in nasdaq.
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  • #10,237
  • Jun 19, 2014 2:17pm Jun 19, 2014 2:17pm
Where will the rise stop? Is this already the start of the gold season or can we still expect a lower low?

Can anyone help?

Best regards,

Frietzak
  • #10,238
  • Jun 19, 2014 2:28pm Jun 19, 2014 2:28pm
Quoting Mitchoss
Still holding longs. targeting 1300gold 20.2silver short term. Mitch
Me too.I'm bored.
I just want to go in holiday.
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  • #10,239
  • Jun 19, 2014 2:37pm Jun 19, 2014 2:37pm
Quoting frietzak
Where will the rise stop? Is this already the start of the gold season or can we still expect a lower low? Can anyone help? Best regards, Frietzak
I'd say once news gets confirmed at 5:30 AM gmt price on silver will end up it's short term bull after reaching 21,405. As for gold i have the 1350 area marked as top of this "squeeze"
From there i'll go down back to 20ish area before gold season begins
  • #10,240
  • Jun 19, 2014 2:39pm Jun 19, 2014 2:39pm
Quoting frietzak
Where will the rise stop? Is this already the start of the gold season or can we still expect a lower low? Can anyone help? Best regards, Frietzak

Hi Frietzak

I think Gold has a lot going for itself now...

Yesterday's comments from Yellen were bullish for gold in the short to medium term (2 to 3 years)... She announced a reduction in the bond buying program; which means she is extending the time it takes to repay and to keep interest rates lower for a longer time; hence this means that the Fed has started to feel that they had started to move very quickly and have to slow down as there is still a lot left to accomplish...

Plus this Iraq issue will also help Gold be bullish in the months ahead...
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