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  • #10,701
  • Jun 30, 2014 2:04pm Jun 30, 2014 2:04pm
im starting to short 1327.70
fokyou forexfactory
  • #10,702
  • Jun 30, 2014 2:19pm Jun 30, 2014 2:19pm
Quoting DNTme
im starting to short 1327.70
Out of curiousity.. what are you basing your short off of? Short term, I think we may see a slight sideways to downwards movement for a few hours unless we can't hold this 1328 level.
O you possessed of sturdy intellect, observe the teaching that is hidden
  • #10,703
  • Jun 30, 2014 3:03pm Jun 30, 2014 3:03pm
Quoting tbond007
{quote} Out of curiousity.. what are you basing your short off of? Short term, I think we may see a slight sideways to downwards movement for a few hours unless we can't hold this 1328 level.
movement up was based on month end taking profit .

i think.

and i took short based ont this hint only.
fokyou forexfactory
  • #10,704
  • Jun 30, 2014 3:46pm Jun 30, 2014 3:46pm
Looks like we are at next consolidation zone...nice move up today...made the new high I was looking for, but how much more is the question...still looking towards 1350
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  • #10,705
  • Jun 30, 2014 4:57pm Jun 30, 2014 4:57pm
Quoting Szymon
{quote} I hardly use any special tools. I try to have the chart as simple as possible - price action + volume analysis and sometimes ichimoku. here is my gold chart which I use at this very moment {image}
still the same point of view. next 1-2 days will be crucial - strong move up or retracement also very quick.
Szymon
Mind is like a parachute - it is useful only if open
  • #10,706
  • Jun 30, 2014 5:37pm Jun 30, 2014 5:37pm
4 dollars new high is not big move... İ save my short...my chart is possible...
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  • #10,707
  • Jun 30, 2014 8:18pm Jun 30, 2014 8:18pm
Looking for 1285 minimum. 1331 will hold.
  • #10,708
  • Jun 30, 2014 8:49pm Jun 30, 2014 8:49pm
Quoting Ck87
Looking for 1285 minimum. 1331 will hold.
it did
fokyou forexfactory
  • #10,709
  • Jun 30, 2014 8:53pm Jun 30, 2014 8:53pm
Quoting DNTme
{quote} it did
It reached 1333.10 here - I'd been out, and on returning saw a spike had occurred within the last hour, from what I am not sure.
  • #10,710
  • Jun 30, 2014 8:54pm Jun 30, 2014 8:54pm
Quoting Greenstar
{quote} It reached 1333.10 here - I'd been out, and on returning saw a spike had occurred within the last hour, from what I am not sure.

Stop outs before the drop, 1331 pretty important level.. think we're gonna touch it one more time in the next hrs and then fall to 1320 area.
  • #10,711
  • Jun 30, 2014 8:57pm Jun 30, 2014 8:57pm
Quoting Ck87
{quote} Stop outs before the drop, 1331 pretty important level.. think we're gonna touch it one more time in the next hrs and then fall to 1320 area.
Thanks.
  • #10,712
  • Jun 30, 2014 8:59pm Jun 30, 2014 8:59pm
Thing is more people have been shorting lately and covering their longs… so we could break out higher in next few days toward 1350…. unsure but the underlying conditions still support selling any decent rallies.
  • #10,713
  • Jun 30, 2014 9:04pm Jun 30, 2014 9:04pm
Quoting MCube
{quote} Lucky you.. That's an interesting trading strategy, ClockTrader
Well, those 2 longs were rewarding, but, my shorts (hedges) blew up, nevertheless, the pain would be IF/when it falls way below from current levels.

Left with 25 longs and 4 shorts

net 21 longs.
Hello World!
  • #10,714
  • Jun 30, 2014 9:05pm Jun 30, 2014 9:05pm
Quoting mammalade90
Does this mean seasons are starting? Breaks 1331 should be looking at longs till 1360 levels.
seasonal entry was few weeks back, nobody can predict exact bottom/top.
Hello World!
  • #10,715
  • Jun 30, 2014 9:06pm Jun 30, 2014 9:06pm
Quoting ClockTrader
{quote} 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
This has happened again, I go to bed with a wish and wake up to see this, woooooh! not bad, certainly not bad.

I just hope this is not a fake breakout. I would remain ultra-cautious for a day or two, thereafter I would be confident with my longs.
Hello World!
  • #10,716
  • Jun 30, 2014 9:07pm Jun 30, 2014 9:07pm
Quoting prototip
4 dollars new high is not big move... İ save my short...my chart is possible... {image}
Instead of fancy charts why not follow seasonal patterns that have sustained for over 30 yrs?
Hello World!
  • #10,717
  • Jun 30, 2014 9:11pm Jun 30, 2014 9:11pm
Kinda messed up today. Had a long from 1324, kept it but hadn't noticed the 1331-1333 level was that important. Not quite sure how to proceed from here but i 'll not close it yet. Overall up on Gold but I can be careless sometimes.
  • #10,718
  • Edited 9:23pm Jun 30, 2014 9:11pm | Edited 9:23pm
> 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

----> Above is what I stated at 09:30 pm NY (EST) (June-30-2014), go to bed, and wake up to see my wish fulfilled :-) Feels good!

Quoting ClockTrader
{quote} This has happened again, I go to bed with a wish and wake up to see this, woooooh! not bad, certainly not bad. I just hope this is not a fake breakout. I would remain ultra-cautious for a day or two, thereafter I would be confident with my longs.
Hello World!
  • #10,719
  • Jun 30, 2014 9:22pm Jun 30, 2014 9:22pm
down i have 1322.10 and 1319.20
fokyou forexfactory
  • #10,720
  • Jun 30, 2014 9:24pm Jun 30, 2014 9:24pm
Quoting ClockTrader
{quote} Well, those 2 longs were rewarding, but, my shorts (hedges) blew up, nevertheless, the pain would be IF/when it falls way below from current levels. Left with 25 longs and 4 shorts net 21 longs.
same here, all my shorts were taken out by stop losses at $1331 , im not going to trade this pair again for many days, maybe months.

Gold is not responding anymore to USA positive news like was doing some weeks ago,
we have gotten big Positive number in Industrial Production and Home Sales and yet this pair goes to heaven for some reason i dont get.
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