Only Gold! | Page 577 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #11,521
  • Jul 14, 2014 8:25am Jul 14, 2014 8:25am
According to Bo

Gold topped out on june 27th-july 1st

Now we go into summer low....

https://docs.google.com/file/d/0Bywe...oZU13YXhB/edit
  • #11,522
  • Jul 14, 2014 8:28am Jul 14, 2014 8:28am
ZeroHedge is reporting that todays dump involves sums of $1.3 Billion in futures.

http://www.zerohedge.com/news/2014-0...-most-2-months
Attached Image (click to enlarge)
Click to Enlarge Name: 20140714_gold2.jpg Size: 235 KB
  • #11,523
  • Jul 14, 2014 8:28am Jul 14, 2014 8:28am
Quoting waleed.khan
According to Bo Gold topped out on june 27th-july 1st Now we go into summer low.... https://docs.google.com/file/d/0Bywe...oZU13YXhB/edit


we accumulating power to go to 1412
where are we? we are here. where are we going? ...
  • #11,524
  • Jul 14, 2014 8:29am Jul 14, 2014 8:29am
Quoting eruc
{quote} 50 & 150 - not fibo numbers

Doesn't matter...

IMO Fibs are only as good as giving them context --- without a context they become useless...

50 day moving average is common in the industry and used by many people...hence it too becomes important!

But no way am I going to rely on it on such a fall... its way more powerful then a ma to hold... }

the way I see this is to short below 1300... or then sit and wait for volume, reversal bars and important ma averages to find support ( could take a few days for a consolidation) and then go long...

But Bulls will have to show a lot of resilience to stay above 1300...and if they do; then we are easily going much higher...
  • #11,525
  • Jul 14, 2014 8:33am Jul 14, 2014 8:33am
Quoting waleed.khan
According to Bo Gold topped out on june 27th-july 1st Now we go into summer low.... https://docs.google.com/file/d/0Bywe...oZU13YXhB/edit
Thanks for sharing the article!
  • #11,526
  • Jul 14, 2014 8:34am Jul 14, 2014 8:34am
Quoting Dafonz
ZeroHedge is reporting that todays dump involves sums of $1.3 Billion in futures. http://www.zerohedge.com/news/2014-0...-most-2-months {image}
Yes about 15k contracts dumped in 3 minutes.
"Where you want to be is always in control, never wishing, always trading.
  • #11,527
  • Jul 14, 2014 8:44am Jul 14, 2014 8:44am
Trade confirmation
On 14-Jul-2014 at 13:38:58 (GMT)
You bought 10 XAUUSD @ 1305.82 for value date 16-Jul-2014
Front office position id: 140056719
Account: 5589929

sl 1299 target 1328
  • #11,528
  • Jul 14, 2014 8:55am Jul 14, 2014 8:55am
Quoting Dafonz
. Looking at the most recent Silver COT (08/Jul/14): Swap Dealers are at a massive and record breaking 58,318 lots on the short side. Whilst Hedge Funds and Managed Money are holding a 43,951 lots on the long side.
Heres a good chart illustrating at just how much there has been an explosion in the size of the contracts held by the big Swaps and Hedge funds in Silver...... Interesting times ahead! (also Gold COT attached underneath)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: SI.png Size: 25 KB
Click to Enlarge Name: GC.png Size: 29 KB
  • #11,529
  • Jul 14, 2014 8:57am Jul 14, 2014 8:57am
shorts closed after todays big move, I will sit back and watch the events unfold as I am not confident to be long or short right now.

Patience is key, if you are not sure, do not commit.

Mitch
  • #11,530
  • Jul 14, 2014 9:02am Jul 14, 2014 9:02am
long 1306...stop 1300...
  • #11,531
  • Jul 14, 2014 9:08am Jul 14, 2014 9:08am
might we be seeing a downslide before the yellen testimony this week?
  • #11,532
  • Jul 14, 2014 9:08am Jul 14, 2014 9:08am
Quoting Mitchoss
shorts closed after todays big move, I will sit back and watch the events unfold as I am not confident to be long or short right now. Patience is key, if you are not sure, do not commit. Mitch
Good advice...
Money Makes Money
  • #11,533
  • Jul 14, 2014 9:11am Jul 14, 2014 9:11am
Quoting Mitchoss
shorts closed after todays big move, I will sit back and watch the events unfold as I am not confident to be long or short right now. Patience is key, if you are not sure, do not commit. Mitch

Welcome back from your break Mitch... ( you missed the move up ehh?)

Holding the same view... expect would look to short at a break of 1300 and tp 1280...

Even though long now to 1328 is also a good trade.. but should only be taken with a strict sl under 1300 and with appropriate risk!

Cheers!
  • #11,534
  • Jul 14, 2014 9:13am Jul 14, 2014 9:13am
targeting 1280 to buy again.
  • #11,535
  • Jul 14, 2014 9:22am Jul 14, 2014 9:22am
Quoting prototip
long 1306...stop 1300...
İ was sleeping, so forget for buy limit...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: wt.JPG Size: 40 KB
Click to Enlarge Name: w.JPG Size: 37 KB
  • #11,536
  • Jul 14, 2014 9:22am Jul 14, 2014 9:22am
Buy at 1305.00 hopefully can see 1315 by tonight...
row row row your boat
  • #11,537
  • Jul 14, 2014 9:41am Jul 14, 2014 9:41am
Quoting Mitchoss
shorts closed after todays big move, I will sit back and watch the events unfold as I am not confident to be long or short right now. Patience is key, if you are not sure, do not commit. Mitch
Great advice bro..
Gagz
  • #11,538
  • Jul 14, 2014 9:42am Jul 14, 2014 9:42am
i think its best to stay out now rather than going long. When taking longs use precaution and proper risk management. This may travel much further down.
  • #11,539
  • Jul 14, 2014 9:46am Jul 14, 2014 9:46am
This is what I got

PS: Not a good day for my portfolio after all.
Attached Image (click to enlarge)
Click to Enlarge Name: dcb.PNG Size: 19 KB
Attached Image
Hello World!
  • #11,540
  • Jul 14, 2014 9:55am Jul 14, 2014 9:55am
Quoting ClockTrader
This is what I got PS: Not a good day for my portfolio after all. {image} {image}
Floating profit reduced badly, but, not a single position closed in loss, but, in profits.

Adjusted SLs of the top layer of shorts so that they close in profit IF price shoots beyond 1340
Hello World!
28 traders viewing now