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  • #11,041
  • Jul 8, 2014 9:25am Jul 8, 2014 9:25am
Any idea what made this spike down? JOLTS job number alone? This nasty candle should've wiped out a lot of Jonny came late positions....

Attached Image

(1H)
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #11,042
  • Jul 8, 2014 9:26am Jul 8, 2014 9:26am
Nice support appears to be building between 1306 - 1314 on TF M30 using VSA.

Looks like another opportunity to add longs, would wait until 12 pm NY (EST) for this to kool down and be sure about what I'm talking.
Hello World!
  • #11,043
  • Jul 8, 2014 9:29am Jul 8, 2014 9:29am
Quoting heispark
Any idea what made this spike down? JOLTS job number alone? This nasty candle should've wiped out a lot of Jonny came late positions.... {image}
JOLT job opening show good number, I don't know the important of this news to gold market. some time good number gold up, but this time drop exactly after news release may be just speculative.
  • #11,044
  • Jul 8, 2014 9:29am Jul 8, 2014 9:29am
Quoting tbond007
Just noted a top signal on 60m gold. I'm short until around 1314. {image}
I don't usually follow advices and I am newbie and all of this is new to me. I have to say thank you very very very big time.

I am not sure what exactly indicated you that it will drop when I look at the 1H chart. But I have closed some longs for very small profit and kept my shorts that I had from 1318 for a huge profit considering my account small size.

I thought it would be nice to say thank you . I was going to be in a very deep shit.

Also thanks CT for this Topic, I have learnt in here in 2 months about gold more than I have learnt about Forex in the past 8 months !
  • #11,045
  • Jul 8, 2014 9:30am Jul 8, 2014 9:30am
By far, range bound between the ceiling and support.

Posted these levels around London morning.
Attached Image
Hello World!
  • #11,046
  • Jul 8, 2014 9:30am Jul 8, 2014 9:30am
Quoting ClockTrader
Nice support appears to be building between 1306 - 1314 on TF M30 using VSA. Looks like another opportunity to add longs, would wait until 12 pm NY (EST) for this to kool down and be sure about what I'm talking.
i think in this too,
Investing is SIMPLE but NOT EASY
  • #11,047
  • Jul 8, 2014 9:33am Jul 8, 2014 9:33am
Quoting ClockTrader
By far, range bound between the ceiling and support. Posted these levels around London morning. {image}
Yup! .. I wonder with all RSI now at the bottom. Will we still see big retracement? I think it should be maximum by Thursday if any retracement before we go North. Any ideas?
  • #11,048
  • Jul 8, 2014 9:35am Jul 8, 2014 9:35am
Quoting Spec_And
12k contracts sold down in about 5 mins, bloody brilliant.
How can I know about contracts selling or buying if you can advise?
  • #11,049
  • Jul 8, 2014 9:35am Jul 8, 2014 9:35am
Quoting tbond007
{quote} There it went. Since that was such a quick flush, I already closed my short and sitting on the sidelines.
Bollinger Band Squeeze incoming
  • #11,050
  • Jul 8, 2014 9:38am Jul 8, 2014 9:38am
Quoting DNTme
{quote} will
ups maybe later
fokyou forexfactory
  • #11,051
  • Jul 8, 2014 9:39am Jul 8, 2014 9:39am
Quoting ShadyAhmed
{quote} How can I know about contracts selling or buying if you can advise?
Dittoooo
Hello World!
  • #11,052
  • Jul 8, 2014 9:40am Jul 8, 2014 9:40am
Quoting ShadyAhmed
{quote} Yup! .. I wonder with all RSI now at the bottom. Will we still see big retracement? I think it should be maximum by Thursday if any retracement before we go North. Any ideas?
Going forward, I remain positive about price moving towards North!
Hello World!
  • #11,053
  • Jul 8, 2014 9:44am Jul 8, 2014 9:44am
Is the downward spike a stoploss hunt or beginning of a sink?
  • #11,054
  • Jul 8, 2014 9:45am Jul 8, 2014 9:45am
Quoting ShadyAhmed
{quote} I don't usually follow advices and I am newbie and all of this is new to me. I have to say thank you very very very big time. I am not sure what exactly indicated you that it will drop when I look at the 1H chart. But I have closed some longs for very small profit and kept my shorts that I had from 1318 for a huge profit considering my account small size. I thought it would be nice to say thank you . I was going to be in a very deep shit. Also thanks CT for this Topic, I have learnt in here in 2 months about gold more than I have learnt...
Very glad to help. Congrats! Be careful with sizing though, it's best to start small and learn how you approach trading these markets.
O you possessed of sturdy intellect, observe the teaching that is hidden
  • #11,055
  • Jul 8, 2014 9:46am Jul 8, 2014 9:46am
Quoting taciho
{quote} Bollinger Band Squeeze incoming
Agreed
O you possessed of sturdy intellect, observe the teaching that is hidden
  • #11,056
  • Jul 8, 2014 9:50am Jul 8, 2014 9:50am
Quoting ShadyAhmed
{quote} How can I know about contracts selling or buying if you can advise?
Transacted volume + direction of the bar.

http://www.forexfactory.com/showthread.php?p=7324540
"Where you want to be is always in control, never wishing, always trading.
  • #11,057
  • Jul 8, 2014 9:50am Jul 8, 2014 9:50am
I lost my confidence, I had a nice sell @ 1328
I closed it this afternoon @ 1324
so tired and disappointed
  • #11,058
  • Jul 8, 2014 9:54am Jul 8, 2014 9:54am
Longs look good to me, would like to add more but with SL this time, trading skills ON!

However, I would like to wait until Asian session (tomorrow) before I add more. I might use DCB to place SL.

Wish you all a good one ahead!
Hello World!
  • #11,059
  • Jul 8, 2014 10:03am Jul 8, 2014 10:03am
Quoting Arshamv
I lost my confidence, I had a nice sell @ 1328 I closed it this afternoon @ 1324 so tired and disappointed
No need to feel bad mate.. You didn't lose money. That should be the goal always. As long as you are not losing, you will have more opportunities to make good profits. I saw my trade from over 12 hours ago close at BE with that downward sink too but hey we move on..
  • #11,060
  • Jul 8, 2014 10:07am Jul 8, 2014 10:07am
Quoting ClockTrader
Longs look good to me, would like to add more but with SL this time, trading skills ON! However, I would like to wait until Asian session (tomorrow) before I add more. I might use DCB to place SL. Wish you all a good one ahead!
IS this DCB available somewhere?
fokyou forexfactory
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