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  • #11,821
  • Jul 17, 2014 6:20pm Jul 17, 2014 6:20pm
Chickened out of shorting at 1325...
I don't trade geopolitically motivated price action; can turn on a dime...
The bias for Gold, though, must be higher even if just purely due to fear factor...
If approaches 1350-1360, then may be a good risk-reward zone to sell as Gaza's impact is likely to be short-lived and the risk of spillover into wider conflict minimal.
Worth watching S&P as it approaches 1900 and slightly below for clues.
Also worth remembering that in a true crisis (as in GFC) correlations will approach 1 (i.e. everything will fall together, including Gold), but I don't think we're anywhere near that at this stage of the cycle.
  • #11,822
  • Jul 17, 2014 6:52pm Jul 17, 2014 6:52pm
Quoting smile
Malaysian passenger aircraft crashes in Ukraine near Russian border – Interfax..... Gold flying high
A PLANE CRASHED/SHOT DOWN and you are SMILING ??????????????????????????????????????????????????????????
can be found where TROUBLE is
  • #11,823
  • Jul 17, 2014 6:55pm Jul 17, 2014 6:55pm
As expected, some top signals came in after today's horrible events. I'm personally looking to short down to 1290 with a stop above 1330.
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O you possessed of sturdy intellect, observe the teaching that is hidden
  • #11,824
  • Jul 17, 2014 7:05pm Jul 17, 2014 7:05pm
Quoting prototip
{quote} reversed again to short at 1319, stop 1327... if stopped, loose nothing...​...
target 1311 and placed buy limit at 1311 with stop 1295...if it stopped, loose nothing...​...
  • #11,825
  • Jul 17, 2014 7:40pm Jul 17, 2014 7:40pm
Quoting Super_Mario
{quote} Thanks for article but I doubt it's targeted for "experienced traders" as they say. Experienced trader would not "stop and go for a walk for couple of hours to prevent more wrong trades". Trader should control himself all the time and admitting mistakes right after these mistakes happen and act to save/hedge the rest of account.
Unfortunately not everyone are like this.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #11,826
  • Jul 17, 2014 7:42pm Jul 17, 2014 7:42pm
Quoting gold1234
{quote} Chances are there it could be other way round gold will resume to north with yellen speech ... As i feel dumping of huge quantity should be over and some bargain buying should start from here ... as 1298 is 50 5 fibo level of this rally .. let us hope it will hold this level till yellen speech
The Malaysian plane crush, safe haven...
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #11,827
  • Jul 17, 2014 7:44pm Jul 17, 2014 7:44pm
Quoting troublemaker
{quote} A PLANE CRASHED/SHOT DOWN and you are SMILING ??????????????????????????????????????????????????????????
Yes, that was very inappropriate comment. Also, the gold surge at 18:00 (GMT+0) wasn't driven by that bad news. The momentum was slated to explode by that time. Both 1H and 15M charts showed this.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #11,828
  • Jul 17, 2014 9:26pm Jul 17, 2014 9:26pm
Quoting heispark
{quote} Yes, that was very inappropriate comment. Also, the gold surge at 18:00 (GMT+0) wasn't driven by that bad news. The momentum was slated to explode by that time. Both 1H and 15M charts showed this.
Yes it was. Look at the JPY which is the other major safe haven.
As the lights go by so too do the shadows move
  • #11,829
  • Jul 17, 2014 10:02pm Jul 17, 2014 10:02pm
Quoting atom3
{quote} 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
Yea, I went to bed late last night, was quite sleepy when I was trading. I don't watch indexes and bonds etc. Yea, people were expecting Gold to fall whereas I closed every single short I had and even opened longs, it was a nice session for me, actually very good..

Spikes and volatility to exist today as well, expecting Gold to peak out today if it has not already.

PS: computing error, had closed like 40% contracts in total (neat green)
Hello World!
  • #11,830
  • Jul 17, 2014 10:06pm Jul 17, 2014 10:06pm
This is what I got to share for today. A spike in North would be rewarding. I'll wait for NY morning.
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Hello World!
  • #11,831
  • Jul 17, 2014 10:10pm Jul 17, 2014 10:10pm
hello, I wondering about the accident MH17. its really have impact to AUD n GOLD.. For now do you think its safe to short position in 1315.10 and stop till 1330 then TP at 1300 ?
  • #11,832
  • Jul 17, 2014 11:41pm Jul 17, 2014 11:41pm
Quoting TheLions
hello, I wondering about the accident MH17. its really have impact to AUD n GOLD.. For now do you think its safe to short position in 1315.10 and stop till 1330 then TP at 1300 ?
imma long from 1310, tp 1330...
Keep calm and go GREEN...
  • #11,833
  • Jul 17, 2014 11:42pm Jul 17, 2014 11:42pm
Quoting prototip
{quote} reversed again to short at 1319, stop 1327... if stopped, loose nothing...​...
reversed to long at 1313, stop 1299.. if stopped, loose nothing...​...
  • #11,834
  • Jul 18, 2014 12:07am Jul 18, 2014 12:07am
Quoting prototip
{quote} reversed to long at 1313, stop 1299.. if stopped, loose nothing...​...
Plz post screenshot of your positions
Hello World!
  • #11,835
  • Jul 18, 2014 12:11am Jul 18, 2014 12:11am
Quoting ClockTrader
{quote} Plz post screenshot of your positions
......
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  • #11,836
  • Jul 18, 2014 12:26am Jul 18, 2014 12:26am
Quoting prototip
{quote} reversed to long at 1313, stop 1299.. if stopped, loose nothing...​...
I find your posts annoying. Sounds like a kid playing with a demo account.
  • #11,837
  • Jul 18, 2014 1:07am Jul 18, 2014 1:07am
for my oppinion. i rather like long too.. new buy position and hold. are you guys think the lowest gold at 1180.00 ??
  • #11,838
  • Jul 18, 2014 1:56am Jul 18, 2014 1:56am
Quoting Chenko
{quote} I find your posts annoying. Sounds like a kid playing with a demo account.
Second that, Only distraction ..
  • #11,839
  • Jul 18, 2014 2:02am Jul 18, 2014 2:02am
Quoting prototip
{quote} reversed to long at 1313, stop 1299.. if stopped, loose nothing...​...
position closed... İ dont write anymore here, bye......
  • #11,840
  • Jul 18, 2014 2:05am Jul 18, 2014 2:05am
Quoting prototip
{quote} position closed... İ dont write anymore here, bye......
If you come back here again and make any noise, I will ban you for sure, this is my first and last warning to you.
Hello World!
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