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  • #11,801
  • Jul 17, 2014 11:33am Jul 17, 2014 11:33am
ct mind sharing your tp on your shorts? i've set an entry sell for 124 for tomorrow if it hits im setting tp for 1304 hoing to get those fibo levels.

Any thoughts?
  • #11,802
  • Jul 17, 2014 11:40am Jul 17, 2014 11:40am
Quoting prototip
short 1321... stop 1329......come on gold, break my stop......
stop moved to 1321... target 1310......
  • #11,803
  • Jul 17, 2014 11:42am Jul 17, 2014 11:42am
Quoting ClockTrader
hedged 2 more longs 21 longs 6 shorts 15 net longs
took profit on 4 longs.

left with 11 net longs now


Quoting Windstrown
ct mind sharing your tp on your shorts? i've set an entry sell for 124 for tomorrow if it hits im setting tp for 1304 hoing to get those fibo levels. Any thoughts?
VSA will suggest when to take TP, should be a week or two
Hello World!
  • #11,804
  • Jul 17, 2014 11:45am Jul 17, 2014 11:45am
Quoting ClockTrader
{quote} took profit on 4 longs. left with 11 net longs now
Feeling FAT like that Russian in 2012 (movie)

PS: never mind, just kidding, ain't that rich, only feeeeeeeling fat and healthy
Hello World!
  • #11,805
  • Jul 17, 2014 11:48am Jul 17, 2014 11:48am
On a side note...

Whats up with Malaysian airlines and the (unlucky/tragic)mystery surrounding them...?

Their stock must have plummeted.
  • #11,806
  • Jul 17, 2014 11:49am Jul 17, 2014 11:49am
Quoting ClockTrader
{quote} Feeling FAT like that Russian in 2012 (movie) PS: never mind, just kidding, ain't that rich, only feeeeeeeling fat and healthy
Closed 2 more in profits and here is how it looks like now..

PS: net 9 longs

PPS: Also took neat profit in contracts, nice and neat. (closed like 80% in total so far)
Attached Image
Hello World!
  • #11,807
  • Jul 17, 2014 12:07pm Jul 17, 2014 12:07pm
What on earth has happened to gold? I was only gone for an hour. What a volatile, unpredictable commodity!
  • #11,808
  • Jul 17, 2014 12:18pm Jul 17, 2014 12:18pm
Quoting Steve J
What on earth has happened to gold? I was only gone for an hour. What a volatile, unpredictable commodity!
Read news dude....Msia airlines crash again.Investor pull out their money and invest on gold. Safe heaven rules
row row row your boat
  • #11,809
  • Jul 17, 2014 1:21pm Jul 17, 2014 1:21pm
Quoting prototip
short 1321... stop 1329......come on gold, break my stop......
reversed to long at 1316, stop 1311......
  • #11,810
  • Jul 17, 2014 1:27pm Jul 17, 2014 1:27pm
Quoting eruc
{quote} No sl for this sell
Hi Eruc! How are you? I hope you didn't open many sell lots today...
  • #11,811
  • Jul 17, 2014 2:04pm Jul 17, 2014 2:04pm
Not a bad area to look to take profits underside of previous trendline...lower trendline of flag held support so the corrective looking move was invalidated...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gc long.jpg Size: 232 KB
Click to Enlarge Name: gc long1.jpg Size: 238 KB
  • #11,812
  • Jul 17, 2014 2:20pm Jul 17, 2014 2:20pm
Quoting prototip
{quote} reversed to long at 1316, stop 1311......
stop moved to 1316......
  • #11,813
  • Edited 5:11pm Jul 17, 2014 2:45pm | Edited 5:11pm
Quoting ClockTrader
{quote} Closed 2 more in profits and here is how it looks like now.. PS: net 9 longs PPS: Also took neat profit in contracts, nice and neat. (closed like 80% in total so far) {image}
Clock are you still awake, i was wondering how likely is todays event to start the rise in gold for the summer, since indexes, bonds... were at record highs and many investors were waiting for a drop, which might mean moving money from there to gold and silver
  • #11,814
  • Jul 17, 2014 2:47pm Jul 17, 2014 2:47pm
Israëls prime minister anounced grond offensieve. Keep an eye out on gold.
  • #11,815
  • Jul 17, 2014 2:56pm Jul 17, 2014 2:56pm
Everyone ready for the big gold spike upwards?
Loser trying to become a winner!
  • #11,816
  • Jul 17, 2014 3:06pm Jul 17, 2014 3:06pm
Quoting MyOpinion
Everyone ready for the big gold spike upwards?
Indeed. Nothing like war...and the threat of further conflict in 2 places, to jack up prices. Looks like 1350 is possible.
"The market can remain irrational longer than you can remain solvent"
  • #11,817
  • Jul 17, 2014 3:46pm Jul 17, 2014 3:46pm
Quoting prototip
{quote} reversed to long at 1316, stop 1311......
reversed again to short at 1319, stop 1327... if stopped, loose nothing...​...
  • #11,818
  • Jul 17, 2014 4:09pm Jul 17, 2014 4:09pm
I think selling is very dangerous in this war situation.
  • #11,819
  • Jul 17, 2014 5:57pm Jul 17, 2014 5:57pm
Gold two possible opposing scenarios based on EW...

The second one is solely based on 1 hr chart and relies on the idea of a break out and continuation of the current rally (which would mean that the 5th wave has already started)...

Personally I am more biased to the first possibility of downward c wave...

But it is clear that the markets have panicked and spx and dow have broken out of their channels... which implies there can be further sell off in the coming days and this could boost the demand for gold and other safe haven instruments...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: goldjuly17scenario1.png Size: 60 KB
Click to Enlarge Name: goldjuly17scenario2.png Size: 51 KB
  • #11,820
  • Jul 17, 2014 6:11pm Jul 17, 2014 6:11pm
Israel says ground offensive under way in Gaza

https://en-maktoob.news.yahoo.com/is...2546.html?vp=1
gold short target is 1350 for friday
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