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Only Gold!

  • #10,681
  • Jun 30, 2014 8:28am Jun 30, 2014 8:28am
Quoting acidguy
{quote} breakout should happen between the next 4 hours to validate uptrend channel, i think the breakout will be a collapse in price, right now look like bears have finally regained control of the trend. but at the end of the week usa data will give a direction to gold.
If there is a break out in the South, a quick bottom out on smart VSA would take about 1-2 days to complete, IF the bottom out is loud, clean and clear, I would buy in loads.

IF the price indeed collapses, I expect a fall of 25 - 40 $s at least.
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  • #10,682
  • Jun 30, 2014 8:52am Jun 30, 2014 8:52am
Quoting Chatchoc
{quote} Just buy Silver before the end of hour 20.852
I don't think buying or selling before important data release is a good idea...
  • #10,683
  • Jun 30, 2014 9:06am Jun 30, 2014 9:06am
Quoting atom3
{quote} I don't think buying or selling before important data release is a good idea...
Even after the positive data, seems like market wants to go up. Watch out for the equity market. I think indexes want to go lower
  • #10,684
  • Jun 30, 2014 9:06am Jun 30, 2014 9:06am
The news is pretty hot, lets see if this has high impact.

PS: I never follow news, only observe time triggers for PA.
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  • #10,685
  • Jun 30, 2014 9:10am Jun 30, 2014 9:10am
Something strange is going on....
  • #10,686
  • Jun 30, 2014 9:11am Jun 30, 2014 9:11am
Look at EUR/USD after the news...
  • #10,687
  • Jun 30, 2014 9:13am Jun 30, 2014 9:13am
Looks like MMs are collecting sell orders to spike gold up.
  • #10,688
  • Jun 30, 2014 9:51am Jun 30, 2014 9:51am
Perhaps this is short covering as U.S. housing news was hugely positive. Added 2 shorts...and will add more if it goes higher, as I think we'll see retrace this week or next after NFP
"The market can remain irrational longer than you can remain solvent"
  • #10,689
  • Jun 30, 2014 9:52am Jun 30, 2014 9:52am
Trailing half off for move up today to grab some quick cash 80 ticks or so, either the trail or 1322 will be hit for today's long.
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  • #10,690
  • Jun 30, 2014 9:53am Jun 30, 2014 9:53am
Quoting lappies
Looks like MMs are collecting sell orders to spike gold up.
IF it doesn't fall, your view would be 100% correct!

If majority of weight is on the short side, the price is supposed to go up.
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  • #10,691
  • Jun 30, 2014 10:00am Jun 30, 2014 10:00am
Quoting msfu
Look at EUR/USD after the news...
I wonder if anyone has seen anyone becoming rich by following news? OR even make nice killing by following news consistently?

IF Yes, plz point me to his thread or his handle / ID.
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  • #10,692
  • Jun 30, 2014 10:03am Jun 30, 2014 10:03am
Pennant?
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  • #10,693
  • Jun 30, 2014 10:21am Jun 30, 2014 10:21am
Quoting ClockTrader
{quote} I wonder if anyone has seen anyone becoming rich by following news? OR even make nice killing by following news consistently? IF Yes, plz point me to his thread or his handle / ID.
ClockTrader, with my statement I meant the exact opposite. News are completely unreliable when it comes to defining price action.
  • #10,694
  • Jun 30, 2014 10:48am Jun 30, 2014 10:48am
as far as gold and silver are concerned i actually use the news but not as a "hot topic buy action" what i mean is, i use the fact that thers the crisis in ukraine and iraq, and go bull with very short stop losses and just wait for the brakeouts.

Now as it stands, i'm looking to understand for how long the iraq situation might long as ukraine looks it'll take some time.
Adding that to the fact we are yet to understand the true nature of the dollar i'm waiting for confirmation on it's trade balance in order to place myself for another brakeout.

I'd expect this to break on thursday if the trade balance gets worse.

If it improves it might send gold/silver down about 2,5% and set up entry for the gold season.
  • #10,695
  • Jun 30, 2014 11:07am Jun 30, 2014 11:07am
Quoting msfu
{quote} ClockTrader, with my statement I meant the exact opposite. News are completely unreliable when it comes to defining price action.
Yea, I think on the same lines. I didn't mean to oppose you or any such thing. Time to call it a day. Eagerly awaiting decisive PA within 24-48 hrs.


Dear Gold,

North or South, whatever it is, just bring it on. You know how much I love you and I'm quite hopeful you'll care about my needs.

regards,

CT
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  • #10,696
  • Jun 30, 2014 12:04pm Jun 30, 2014 12:04pm
Quoting ClockTrader
{quote} In order to kill boredom, just added two longs.
Lucky you.. That's an interesting trading strategy, ClockTrader
Gagz
  • #10,697
  • Jun 30, 2014 1:00pm Jun 30, 2014 1:00pm
yes rocket break 1327.....heehhee
  • #10,698
  • Jun 30, 2014 1:03pm Jun 30, 2014 1:03pm
I really though that we would atleast hit 1,300 again. Well, maybe that will still come.
  • #10,699
  • Jun 30, 2014 1:08pm Jun 30, 2014 1:08pm
now should be retrace back to 1321. =)
  • #10,700
  • Jun 30, 2014 1:19pm Jun 30, 2014 1:19pm
Does this mean seasons are starting? Breaks 1331 should be looking at longs till 1360 levels.
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