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  • #10,641
  • Jun 27, 2014 3:21pm Jun 27, 2014 3:21pm
My view. It will retrace to all the way to 128x that wil be the retrace from the last upward move from 1240-1325. And 128 is my buy zone. Looking at the daily chart. Untill then, holding my shorts from 1321. Have a nice weekend.
I am back. Actually, I never left...
  • #10,642
  • Edited 4:01pm Jun 27, 2014 3:48pm | Edited 4:01pm
huge fall... sudden drop... caution...


İ guess they will decide and explain, never to press money ANYMORE...
  • #10,643
  • Jun 27, 2014 4:12pm Jun 27, 2014 4:12pm
Quoting prototip
huge fall... sudden drop... caution... İ guess they will decide and explain, never to press money ANYMORE...
what exactly you mean?.
  • #10,644
  • Jun 27, 2014 5:13pm Jun 27, 2014 5:13pm
Quoting prototip
huge fall... sudden drop... caution... İ guess they will decide and explain, never to press money ANYMORE...
yes, look the charts, gold PA was compressing and looks like about to explode down on next week.
the China gold backed scams are many and not just 1 case which is going to erase pressure from the Iraq crisis.

$1281-$1285 is next target, leg could extend to $127x area
  • #10,645
  • Jun 27, 2014 5:25pm Jun 27, 2014 5:25pm
Quoting acidguy
{quote} yes, look the charts, gold PA was compressing and looks like about to explode down on next week. the China gold backed scams are many and not just 1 case which is going to erase pressure from the Iraq crisis. $1281-$1285 is next target, leg could extend to $127x area
We are on the same side.
I am back. Actually, I never left...
  • #10,646
  • Jun 27, 2014 11:05pm Jun 27, 2014 11:05pm
Quoting prototip
huge fall... sudden drop... caution... İ guess they will decide and explain, never to press money ANYMORE...
There are only peak outs on smart VSA, no bottom out yet, so a fall cannot be ruled out.

BUT, I sided with seasons and took longs, don't mind if it falls 30 - 40 $s or even more. IF it does fall, that'll only be a nice chance to close my shorts and buy more.
Hello World!
  • #10,647
  • Jun 28, 2014 5:15am Jun 28, 2014 5:15am
Quoting acidguy
{quote} i read this week Goldman Schanz have still unchanged $1050 gold target (looking the link to post it)
... if Goldman Sachs said so, then just do the contrary
  • #10,648
  • Jun 28, 2014 9:51am Jun 28, 2014 9:51am
Quoting MikiFX
{quote} ... if Goldman Sachs said so, then just do the contrary
Free fall next week, becarefull COT show net short for commercial. They add 21.000 short contract, no sign of bottom yet. only small speculator like us buying .
  • #10,649
  • Jun 28, 2014 11:41am Jun 28, 2014 11:41am
guys im looking for a good charting software with live data feed for gold and WTI crude. cud any one help me out plz? p.s its gotta b free
  • #10,650
  • Jun 28, 2014 12:33pm Jun 28, 2014 12:33pm
Quoting nicefirework
{quote} Free fall next week, becarefull COT show net short for commercial. They add 21.000 short contract, no sign of bottom yet. only small speculator like us buying .
Iraq issue seem to have slow down considerable for the past few days. most likely due to the bombing and more fighters getting involve to have repel the ISIS... but cant be sure as the data from ISIS seem dont seem to add up. dunno who is winning yet.

added more shorts to my already very red trade, hope i'm not wrong to short more silver haha
  • #10,651
  • Jun 28, 2014 12:42pm Jun 28, 2014 12:42pm
Quoting ohguowei
{quote} Iraq issue seem to have slow down considerable for the past few days. most likely due to the bombing and more fighters getting involve to have repel the ISIS... but cant be sure as the data from ISIS seem dont seem to add up. dunno who is winning yet. added more shorts to my already very red trade, hope i'm not wrong to short more silver haha
the situation in Iraq is more staible than past week, the city of Tikrit is freed by army today, the most of Mosel is in hands of Iraq's army.and the terroists are come back to Syria
  • #10,652
  • Jun 29, 2014 10:50am Jun 29, 2014 10:50am
Quoting noobstrader
{quote} I use my debit card and transfer the fund to skrill/neteller first. Then to my trading account(i did it last week). The only time the bank interfered in the transaction was when i withdraw $1000 from my trading account and they asked me to give a written statement including amount and date for confirmation. From then i used to withdraw in packets less than $300. No enqiuries after that from the bank.. so far. FYI: My bank is SBI.
I have tried my level best to transfer funds using my Mastercard CC. I tried transferring funds directly to my broker and also to Skrill , but both failed.

So I am curious to know how you are able to do that, coz unless the laws have changed recently, Govt of India has directed all Banks NOT to entertain any such transactions.

-- FxPP
  • #10,653
  • Jun 29, 2014 2:13pm Jun 29, 2014 2:13pm
On the H1 TF, the price is fluctuating inside a flat area. We are expecting a trendy move by having the price out of the box.


http://forex-fa14.blogspot.com/


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  • #10,654
  • Jun 29, 2014 3:56pm Jun 29, 2014 3:56pm
Hopefully the price going out the box to the north
  • #10,655
  • Jun 29, 2014 4:06pm Jun 29, 2014 4:06pm
keeping my short positions this week

Will hold until Tuesday or Wednesday, after that will wait until after big news passes on wed/thurs.
  • #10,656
  • Jun 29, 2014 4:30pm Jun 29, 2014 4:30pm
Morning all,

Currently short since last week expecting a retracement early this week. If however we do not retrace I will be closing my positions as come 1st july im away on holidays and wont be trading fpr a number of weeks. So if you pm me, im not ignoring you haha.

1300 still remains first target for me, gold is fairly god with respects to testing its previous resistance levels as support. Dont go gangbuster on longs thinking we wont see 1300 again, the first sign of deflation in asia or iraq situatiomn improving we can revisit sub 1300 pretty damn quick. I am however confident july will finish higher for the month.. its just what happens in those 31 days may be a bit volatile.

Safe trading guys, its time to hit the slopes for a well needed holiday
Mitch
  • #10,657
  • Jun 29, 2014 4:32pm Jun 29, 2014 4:32pm
Quoting weti
keeping my short positions this week Will hold until Tuesday or Wednesday, after that will wait until after big news passes on wed/thurs.


Closed my silver longs Friday. A good drop would be nice to re-enter but I'll let someone else short it.
  • #10,658
  • Jun 29, 2014 4:51pm Jun 29, 2014 4:51pm
down... people buy...down more...people buy more...down more... people buy... down more... people die...
  • #10,659
  • Jun 29, 2014 4:52pm Jun 29, 2014 4:52pm
Believe gold will come back down and at least retest 1300 range, but looking at the chart, if gold breaks resistance at 1307 I think we may see a drop to the 1270 region before the gold season really takes effect.

Any thoughts?

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O you possessed of sturdy intellect, observe the teaching that is hidden
  • #10,660
  • Jun 29, 2014 7:18pm Jun 29, 2014 7:18pm
Quoting tbond007
Believe gold will come back down and at least retest 1300 range, but looking at the chart, if gold breaks resistance at 1307 I think we may see a drop to the 1270 region before the gold season really takes effect. Any thoughts? {image}
A likely scenario, though early release of U.S. NFP is going to be the determinant Currently in 3 low risk shorts (with Clock Trader's reminder about seasonal bias on my mind)...but might two trades out at 1300...IF it reaches that far. The third trade is to 1285-1288 region, where I think it will bounce.
"The market can remain irrational longer than you can remain solvent"
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