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Only Gold!

  • #10,581
  • Jun 26, 2014 12:11pm Jun 26, 2014 12:11pm
The fed and our dollar what do you think they will do...
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  • #10,582
  • Jun 26, 2014 12:17pm Jun 26, 2014 12:17pm
Quoting bayfisherman
The fed and our dollar what do you think they will do... {image}

Isn't it clear...? "low interest rates for as long as neccessary"

That brings the dollar down... that increases their export competitiveness; and to combact deflationary pressures by increasing the prices of imports...

A Low dollar is what everyone wants...except for China and Draghi... (poor guy went negative interest rates; and still the euro is standing in strength...)
  • #10,583
  • Jun 26, 2014 2:12pm Jun 26, 2014 2:12pm
Hello all;
Love the precise technical patterns in gold. If the pumping continues make sure you dump it at 1252 if it ever gets to it ??!! Watch for the fridays close. The red channel will be confirmed when the price hits it and it eventually will if not next week. Also notice the 2 in one; 2 triangles inside a bigger one.
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  • #10,584
  • Jun 26, 2014 3:15pm Jun 26, 2014 3:15pm
no way... so up...
  • #10,585
  • Jun 26, 2014 6:32pm Jun 26, 2014 6:32pm
my ''the king formation''... because İ like this...

...reversed to short at 1315...
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  • #10,586
  • Jun 26, 2014 7:38pm Jun 26, 2014 7:38pm
Gold. Still expecting a retrace to around 1295..
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Money Makes Money
  • #10,587
  • Jun 26, 2014 7:54pm Jun 26, 2014 7:54pm
In case you don't know yet, old school guys and price action based traders may find values in Sive Morten's daily Gold analysis videos:

http://www.forexpeacearmy.com/forex-...rten-analysis/

Or, subscribe "ForexPeaceArmy" in Youtube:

Inserted Video


This videos come out after one or two hours after London open each day. I have watched his analysis for 3 years and it helped me understand PA and PA patterns.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #10,588
  • Jun 26, 2014 10:08pm Jun 26, 2014 10:08pm

  1. Took minor loss on 2 shorts (closed manually)
  2. Opened 5 new longs

Net: 5 longs (will add more later today)

12 longs against 12 shorts, hope I get a chance to close these shorts in profit.

Hello World!
  • #10,589
  • Jun 26, 2014 10:21pm Jun 26, 2014 10:21pm
Quoting ClockTrader
Took minor loss on 2 shorts (closed manually) Opened 5 new longs Net: 5 longs (will add more later today) 12 longs against 12 shorts, hope I get a chance to close these shorts in profit.

8 longs 8 shorts.. totally bamboozled.. hoping to add more longs once it breaches 1325
  • #10,590
  • Jun 26, 2014 10:29pm Jun 26, 2014 10:29pm
Quoting ClockTrader
Took minor loss on 2 shorts (closed manually) Opened 5 new longs Net: 5 longs (will add more later today) 12 longs against 12 shorts, hope I get a chance to close these shorts in profit.
good luck, Gold may fall finally on friday with no usa reports to boost the metal,
Silver ratio against Gold keep widening.
  • #10,591
  • Jun 26, 2014 10:34pm Jun 26, 2014 10:34pm
Gold doesn't need any US reports.

All it needs is for the situation in Iraq to continue to escalate, which it surely will.
  • #10,592
  • Jun 26, 2014 10:35pm Jun 26, 2014 10:35pm
Quoting acidguy
{quote} good luck, Gold may fall finally on friday with no usa reports to boost the metal, Silver ratio against Gold keep widening.
Freaky Fridays, remember? PA is usually unpredictable, bars can come in zig-zag fashion.

I would not like to speculate on trades today, but, rather secure my seasonal longs.

IF it falls (hopefully it will) and IF smart VSA supports, not only will I close the shorts, but, will also buy more.
Hello World!
  • #10,593
  • Jun 26, 2014 10:48pm Jun 26, 2014 10:48pm
i'd stay away from longs today guys.
  • #10,594
  • Jun 26, 2014 11:32pm Jun 26, 2014 11:32pm
Quoting weti
i'd stay away from longs today guys.
As per smart VSA on H1, we are sitting on a top, its supposed to fall. But, I have turned my trading brain off today. IF I have to use my trading skills today, that would be to invest.

I plan to do nothing but invest today. Applied SL on 5 shorts @ 1227 (using DCB), I am very sure we got nice PA waiting for us by or in US session, there too I would invest today.

PS: Secured 10 longs

PPS: Contracts remain neat & clean and consist of longs only.
Hello World!
  • #10,595
  • Jun 27, 2014 12:01am Jun 27, 2014 12:01am
Quoting ClockTrader
{quote} As per smart VSA on H1, we are sitting on a top, its supposed to fall. But, I have turned my trading brain off today. IF I have to use my trading skills today, that would be to invest. I plan to do nothing but invest today. Applied SL on 5 shorts @ 1227 (using DCB), I am very sure we got nice PA waiting for us by or in US session, there too I would invest today. PS: Secured 10 longs PPS: Contracts remain neat & clean and consist of longs only.
Applied SL on 3 more shorts @ 1337

PS: Secured 13 longs so far
Hello World!
  • #10,596
  • Jun 27, 2014 12:07am Jun 27, 2014 12:07am
Still holding for 1350...may see some profit taking at the tops coming into the weekend, a break could be technically bullish though, we'll see what London does with it... 1322.5 is current resistance.
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  • #10,597
  • Jun 27, 2014 12:54am Jun 27, 2014 12:54am
Quoting ClockTrader
{quote} Applied SL on 3 more shorts @ 1337 PS: Secured 13 longs so far
Typos 56*&^&*9*76%7**&*78%^#@$#$%%^^&

Here is the SS of shorts with SL (all longs not visible)

Its 1327 not 1337

I would eagerly watch today's PA on my key-hrs.
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Hello World!
  • #10,598
  • Jun 27, 2014 1:14am Jun 27, 2014 1:14am
2 Indicators: hope this message is ignored and everyone keeps on track focused on gold action for Friday. If anyone else wants the information to pursue in research themselves this weekend outside of the thread, here it is. - I decided to type in CLockTrader's phrase that he uses fairly often, "smart VSA." I came across what looks to me like a decent indicator. A succinct explanation of it can be found if you search "Trading Using VSA (Volume Spread Analysis)" and go to post #7,566. Even though it's a thread dated back to 2010 the indicator works on the new mt4 build.

P.S. Here is the indicator I have on all charts. It is from PipTrapper. The symbols are labeled when you mouse over, as is true of the bars on the Hidden Gap Indicator.
Attached File(s)
File Type: ex4 Hidden Gap Volume Indicator V5[b].ex4   20 KB | 491 downloads
File Type: ex4 PT VSA Signals v2.2.ex4   15 KB | 499 downloads
  • #10,599
  • Jun 27, 2014 1:34am Jun 27, 2014 1:34am
5th wave still to come...
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  • #10,600
  • Jun 27, 2014 1:37am Jun 27, 2014 1:37am
it is like as a battle ,they are fighting for each pip,
God bless us!
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