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Only Gold!

  • #11,681
  • Jul 16, 2014 9:36am Jul 16, 2014 9:36am
Quoting EatPIPs
My intraday outlook for the coming days based on $1292 not being broken and breaking out of $1301. Technically from $1301-1311s $10 range we have tested the 23.6 retracement which has been respected, 50% has been broken and respected as support and currently retesting the 61.8. 76.4 lays at $1301 which is also a resistance level on previous PA. The next price on the upside would be $1311 (1.618) to $1324 (2.618). {image}
I like
  • #11,682
  • Jul 16, 2014 9:51am Jul 16, 2014 9:51am
Quoting hippoownyou
Currently shorting Gold. SL at 1306. I'm hoping Janet Yellen would implement more aggressive stance for the 3rd quarter
Well problem with Yellen is she is too dovish, I took a long for Gold instead.
  • #11,683
  • Jul 16, 2014 10:45am Jul 16, 2014 10:45am
Added few more longs, shuffled SLs , time to call it a day.

Expect this to not go below 1277, would get challenging and all of my GREEN longs would get cleaned, if it does so.
Attached Image
Hello World!
  • #11,684
  • Jul 16, 2014 10:46am Jul 16, 2014 10:46am
CT,

Do you think this will turn bullish again with gold season later in July, august and September?
  • #11,685
  • Jul 16, 2014 11:00am Jul 16, 2014 11:00am
Quoting ShadyAhmed
CT, Do you think this will turn bullish again with gold season later in July, august and September?
On a broad level on monthly chart, yes! Golden seasons should work great !!
Hello World!
  • #11,686
  • Jul 16, 2014 11:08am Jul 16, 2014 11:08am
Quoting ClockTrader
{quote} On a broad level on monthly chart, yes! Golden seasons should work great !!
Perfect
  • #11,687
  • Jul 16, 2014 11:42am Jul 16, 2014 11:42am
sell 1302, stop 1308......
  • #11,688
  • Jul 16, 2014 11:59am Jul 16, 2014 11:59am
I'm starting in forex, and would operate gold ... can someone give me some tips?
  • #11,689
  • Jul 16, 2014 12:04pm Jul 16, 2014 12:04pm
gold target
  • #11,690
  • Jul 16, 2014 12:09pm Jul 16, 2014 12:09pm
gold target
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  • #11,691
  • Jul 16, 2014 12:22pm Jul 16, 2014 12:22pm
Quoting prototip
sell 1302, stop 1308......
stop changed to 1302™ ......
  • #11,692
  • Jul 16, 2014 12:35pm Jul 16, 2014 12:35pm
gold another view
Attached Image (click to enlarge)
Click to Enlarge Name: 0dd04690ce34441c4799523c91812b37.png Size: 82 KB
  • #11,693
  • Jul 16, 2014 12:47pm Jul 16, 2014 12:47pm
Quoting AdrianInacio
I'm starting in forex, and would operate gold ... can someone give me some tips?
I am a junior too and the older members can give you great advices, but let me tell you something!
If you have a 10.000 usd account, dont do more than 0,1-0,2 lot in gold!
And dont start forex by trading gold!
  • #11,694
  • Jul 16, 2014 1:04pm Jul 16, 2014 1:04pm
to ~1291.5
or maybe 1282-84

fast pls ... i want to sleep
where are we? we are here. where are we going? ...
  • #11,695
  • Jul 16, 2014 1:09pm Jul 16, 2014 1:09pm
Quoting eruc
to ~1291.5 or maybe 1282-84 fast pls ... i want to sleep
.........
  • #11,696
  • Jul 16, 2014 1:16pm Jul 16, 2014 1:16pm
Quoting prototip
{to ~1291.5 or maybe 1282-84 fast pls ... i want to sleep} .........
Too close for pips, switching to points.
  • #11,697
  • Jul 16, 2014 1:23pm Jul 16, 2014 1:23pm
Quoting Thepipster
{quote}
this(latest) H4 candle open under(~exactly) another gann angle And we on the SMA1597 now .... we want Down
where are we? we are here. where are we going? ...
  • #11,698
  • Jul 16, 2014 1:28pm Jul 16, 2014 1:28pm
Quoting eruc
{quote} this(latest) H4 candle open under(~exactly) another gann angle And we on the SMA1597 now .... we want Down
if only I had not missed ... set SL
where are we? we are here. where are we going? ...
  • #11,699
  • Edited 6:54pm Jul 16, 2014 4:23pm | Edited 6:54pm
I am a newbie in forex trading. and i started with gold... i am going mad since yesterday...

I have set up a sell trade at 1293, and it started going up. Now i am down almost 600 pips...


Is there any chance of going to 1293 again today??? Shall i wait little longer or i should close the trade??? pls help me out...i dont even remember how many times i punched the wall because of this trade....
  • #11,700
  • Jul 16, 2014 4:26pm Jul 16, 2014 4:26pm
Still sitting on the sideline, I would like to see gold at 1260 or even lower before I would long.

Silver I am looking for 20.20 or even 19.8

But for now, no positions.. I would rather live to trade another day than have a punt now and lose money.

Mitch
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