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Only Gold!

  • #11,321
  • Jul 10, 2014 7:21am Jul 10, 2014 7:21am
This is the status of my latest positions, hedged 4 longs @ 1341

Applied SL on the top layer of longs.
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Hello World!
  • #11,322
  • Jul 10, 2014 7:31am Jul 10, 2014 7:31am
good data for US, so? now what?
Hello World!
  • #11,323
  • Jul 10, 2014 7:32am Jul 10, 2014 7:32am
Quoting ClockTrader
good data for US, so? now what?
Why doesnt react the market for it?
  • #11,324
  • Jul 10, 2014 7:34am Jul 10, 2014 7:34am
Quoting ClockTrader
good data for US, so? now what?

Only 10,000 less claims... that's a non event & perhaps already priced in!

A surprise would be 30,000 less claims... atleast 10% lower
  • #11,325
  • Jul 10, 2014 7:35am Jul 10, 2014 7:35am
Quoting ClockTrader
good data for US, so? now what?
Retrace to 1333?
  • #11,326
  • Jul 10, 2014 7:39am Jul 10, 2014 7:39am
Surprise surprise US data didn't move the price at all i guess people are too scared to sell which is not very good
  • #11,327
  • Jul 10, 2014 7:46am Jul 10, 2014 7:46am
Quoting atom3
Surprise surprise US data didn't move the price at all i guess people are too scared to sell which is not very good

Yeah; too add to this... I don't think gold is responding to economic indicators like this for some time now... and this is due to the Fed debates that have been going on for a long time now...

It all comes back to interest rates... and when they will rise... The fed has repeatedly said that they will keep them low for a very long time...

but at the same time economy is improving on paper...which is the cause of such low volatility in the markets in general...

This debate is causing even the big guns to differ... Goldman lovers say that interest rates will rise soon; whilst people like bill gross and lagarde think that putting them up soon would be a mistake... and hence the ficklemindedness of the fed...and thus the markets!

But if you want to trade and be profitable in the long haul.. I say just listen to what the fed is saying...rather than outsmarting them by guessing that interest rates will rise soon... "if yellen says interest rates are gonna be low...you better believe it" because that is what will guide markets in the short and medium term...

Plus to add to all of this we have those geo political concerns in the back drop... but I don't think they matter at this point... and that is indicated through the price of oil as it has dropped dramatically over the past few days...
  • #11,328
  • Jul 10, 2014 7:48am Jul 10, 2014 7:48am
Quoting waleed.khan
{quote} Only 10,000 less claims... that's a non event & perhaps already priced in! A surprise would be 30,000 less claims... atleast 10% lower
To be honest, I am a very bad news analyst and least interested in learning, but, since everyone here is talking nothing but news, I thought I should try to start a convo..

my two gold coins!

:-)
Hello World!
  • #11,329
  • Jul 10, 2014 7:50am Jul 10, 2014 7:50am
is this a good time to take small long?
  • #11,330
  • Jul 10, 2014 7:53am Jul 10, 2014 7:53am
Quoting ClockTrader
{quote} To be honest, I am a very bad news analyst and least interested in learning, but, since everyone here is talking nothing but news, I thought I should try to start a convo.. my two gold coins! :-)

haha...

I think it is better to stay away from news (most of the time...) It' a clear distraction!

but news is what sells...and what gets people talking and hence the debates...

So yeah I can understand
  • #11,331
  • Jul 10, 2014 7:55am Jul 10, 2014 7:55am
Quoting Ramii
is this a good time to take small long?
I would say no, wait for 1333(ish)

(Only my opinion)
  • #11,332
  • Jul 10, 2014 8:00am Jul 10, 2014 8:00am
hi what do think about gbpchf will it continue uptrend.i am sure chfjpy it will continnue the drop down
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  • #11,333
  • Jul 10, 2014 8:06am Jul 10, 2014 8:06am
Quoting DNTme
Im start building shorts here: first is 1343.20 new update for mt4...market depth..is nice... {image}
out for nice 40 pips

i dont like the pa for shorts.....
fokyou forexfactory
  • #11,334
  • Jul 10, 2014 8:08am Jul 10, 2014 8:08am
Quoting fxjoe
hi what do think about gbpchf will it continue uptrend.i am sure chfjpy it will continnue the drop down {image}
Haha, I thought I am drunk or in the wrong thread. Anyway Bro, look bearish for what you posted.
The only winner is the one who survive the longest...
  • #11,335
  • Jul 10, 2014 8:08am Jul 10, 2014 8:08am
20 minutes till the power hour
  • #11,336
  • Jul 10, 2014 8:09am Jul 10, 2014 8:09am
Quoting fxjoe
hi what do think about gbpchf will it continue uptrend.i am sure chfjpy it will continnue the drop down {image}
It might be good question but in the wrong place
  • #11,337
  • Jul 10, 2014 8:09am Jul 10, 2014 8:09am
Quoting kinspk
{quote} Haha, I thought I am drunk or in the wrong thread. Anyway Bro, look bearish for what you posted.

LOL... that's the exact same thing I felt when I saw that chart/post...
  • #11,338
  • Jul 10, 2014 8:14am Jul 10, 2014 8:14am
Quoting samalmoore
20 minutes till the power hour
Whats the power hour?
  • #11,339
  • Jul 10, 2014 8:17am Jul 10, 2014 8:17am
Quoting emaxp2004
{quote} Whats the power hour?
S&P 500 opens trading at 14:30 (BST), I find that there is usually some good movement during the opening hour
  • #11,340
  • Jul 10, 2014 8:20am Jul 10, 2014 8:20am
Can it go to 1350 today??
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