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  • #10,861
  • Jul 3, 2014 8:17am Jul 3, 2014 8:17am
Quoting anton.olff
Amazing that with 2 positive back to back NFP reports (plus positive revision on last month), gold is not retracing to 1288.
because they still keep the interest rate low...
  • #10,862
  • Jul 3, 2014 8:29am Jul 3, 2014 8:29am
Quoting Gold Miner
{quote} because they still keep the interest rate low...
True, but despite the pretty words about keeping it that way, they are more likely to raise it sooner than most expect. One could argue that global economies are still weak, but the low to no interest rates are creating larger bubbles and the central banks must have realized that QE has to go away. Of course, this will correct markets and cause recessions, but it must be done.
"The market can remain irrational longer than you can remain solvent"
  • #10,863
  • Jul 3, 2014 8:31am Jul 3, 2014 8:31am
Quoting Spec_And
Longer term view, same conclusion. {image}
Yet more longer frame.......It may be just a retest of early broken downtrend line.https://charts.mql5.com/5/127/xauusd...ri-limited.png
  • #10,864
  • Jul 3, 2014 8:32am Jul 3, 2014 8:32am
Quoting Gold Miner
{quote} Hi..Yup, it dipped to 1308 just now and my broker was 1308.941.
Thanks... any ideas about what I can do about the unfulfilled orders?
I've already complained to my broker. The way I see it, my orders were spot on and now I'm down $8 per oz.
  • #10,865
  • Jul 3, 2014 8:36am Jul 3, 2014 8:36am
Quoting Uglybug
{quote} Thanks... any ideas about what I can do about the unfulfilled orders? I've already complained to my broker. The way I see it, my orders were spot on and now I'm down $8 per oz.
Dude, Brokers don't count spikes. That's how I see it. Perhaps your Pending order or whatever be the case couldn't hit because the downside spike was enormous. The spread factor also has a role to play. Cheers!
  • #10,866
  • Jul 3, 2014 8:42am Jul 3, 2014 8:42am
Quoting Uglybug
{quote} Thanks... any ideas about what I can do about the unfulfilled orders? I've already complained to my broker. The way I see it, my orders were spot on and now I'm down $8 per oz.
Nothing you can do, your broker will laugh behind your back, be logical. And always do not expect the best fills around news, its all fair in love and war when news comes out.. pity, what a pity is all i can say about your order not being filled
  • #10,867
  • Jul 3, 2014 8:45am Jul 3, 2014 8:45am
Quoting waleed.khan
{quote} 1321 is now very crucial support area for this corrective wave & should mark the end of the C wave... If it falls below this level then the EW was false...and the Ew will have to be redrawn to 1285 area being last support for ew to be valid.... But nonetheless volumes and supportive pinbars should be noticed on this level (especially on the 1 hr and 4 hr charts)...

The trend is pretty strong despite the positive NFP...

The Ew as broken down on the 1 hr chart and my tp's were hit...

The ew on the 4hr chart is still applicable as long as the current pinbar closes above 1321 level...

I will now reenter on the break/close above of 1330 or I will wait for a retracement....


Have a good long weekend everyone.
  • #10,868
  • Jul 3, 2014 9:04am Jul 3, 2014 9:04am
Quoting Uglybug
{quote} Thanks... any ideas about what I can do about the unfulfilled orders? I've already complained to my broker. The way I see it, my orders were spot on and now I'm down $8 per oz.
That's because the volumes went crazy at that moment, you should of placed that waiting order at 1311 there is nothing the broker can do.
  • #10,869
  • Jul 3, 2014 9:08am Jul 3, 2014 9:08am
Quoting ClockTrader
{quote} REPEATed a few times so far since yesterday: If I go by my VSA analysis, I should be patient and buy somewhere between 1305 and 1321, BUT, since Gold has been very bullish lately, I would suggest investors to buy in a broad range: 1305 - 1325 I'm going to focus on the bold line above provided smart VSA supports. PS: PA is fitting right in the frame, will give it an hr or two to cool down.
GOSH!! I got nothing but below to repeat:

REPEATED a few times so far since yesterday: If I go by my VSA analysis, I should be patient and buy somewhere between 1305 and 1321, BUT, since Gold has been very bullish lately, I would suggest investors to buy in a broad range: 1305 - 1325 I'm going to focus on the bold line above provided smart VSA supports. PS: PA is fitting right in the frame, will give it an hr or two to cool down
Hello World!
  • #10,870
  • Jul 3, 2014 9:17am Jul 3, 2014 9:17am
Quoting Uglybug
{quote} Thanks... any ideas about what I can do about the unfulfilled orders? I've already complained to my broker. The way I see it, my orders were spot on and now I'm down $8 per oz.
Ya..there is nothing you can do for it, unless you change your broker if you are unhappy. It come up now to 1320, such a waste..
  • #10,871
  • Jul 3, 2014 9:21am Jul 3, 2014 9:21am
Quoting anton.olff
{quote} True, but despite the pretty words about keeping it that way, they are more likely to raise it sooner than most expect. One could argue that global economies are still weak, but the low to no interest rates are creating larger bubbles and the central banks must have realized that QE has to go away. Of course, this will correct markets and cause recessions, but it must be done.
I think the central bank already addicted (QE)), they like QE, they won't take it away, IMO..if recessions, gold price will shoot up, skyrocketing...
  • #10,872
  • Jul 3, 2014 9:22am Jul 3, 2014 9:22am
Friday close to no data, unless the wars cease i'm rather optimistic for gold and silver tomorrow
  • #10,873
  • Jul 3, 2014 9:34am Jul 3, 2014 9:34am
Quoting Gold Miner
{quote} I think the central bank already addicted (QE)), they like QE, they won't take it away, IMO..if recessions, gold price will shoot up, skyrocketing...
They are already taking it away. By October, the FED will have no ongoing QE, just a poor balance sheet.
"The market can remain irrational longer than you can remain solvent"
  • #10,874
  • Jul 3, 2014 9:39am Jul 3, 2014 9:39am
Couple of easy ones after news...calling it a day, have a good weekend all
Attached Image (click to enlarge)
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  • #10,875
  • Jul 3, 2014 9:58am Jul 3, 2014 9:58am
Quoting bayfisherman
Couple of easy ones after news...calling it a day, have a good weekend all {image}
Glad you made money :-)
Hello World!
  • #10,876
  • Jul 3, 2014 10:01am Jul 3, 2014 10:01am
Quoting bayfisherman
Couple of easy ones after news...calling it a day, have a good weekend all {image}
what is S1, S2, S3..??

S stands for Support????
  • #10,877
  • Jul 3, 2014 10:14am Jul 3, 2014 10:14am
Quoting turk1
{quote} what is S1, S2, S3..?? S stands for Support????
  • #10,878
  • Jul 3, 2014 10:16am Jul 3, 2014 10:16am
Quoting MikiFX
{quote} Could you explain why did you place that blue line there and what does it mean? I don't get the point
That blue line is the trend line, it was broken earlier today, you can get a clearer view of that in the lower time frame chart above.
"Where you want to be is always in control, never wishing, always trading.
  • #10,879
  • Jul 3, 2014 11:01am Jul 3, 2014 11:01am
Finally a dip today after a looooooong wait, nevertheless it was much needed for the good health of Bulls.

 

  1. Just added 4 longs
  2. Total 33 longs and 4 shorts there, net 29 longs


Lets see how clock patterns appears tomorrow in the Asian and NY session. Time to call it a day, wish you all a good one!

Hello World!
  • #10,880
  • Jul 3, 2014 11:05am Jul 3, 2014 11:05am
Quoting ClockTrader
Finally a dip today after a looooooong wait, nevertheless it was much needed for the good health of Bulls. Just added 4 longs Total 33 longs and 4 shorts there, net 29 longs Lets see how clock patterns appears tomorrow in the Asian and NY session. Time to call it a day, wish you all a good one!
wew...lol. Mine only 5 longs, aiming for 1328 at least
Keep calm and go GREEN...
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