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  • #12,581
  • Jul 28, 2014 10:50am Jul 28, 2014 10:50am
I shall wait for fairly good PA which creates clear bottom-out or peak-out on VSA, at least on a session level. There is no other way I can analyze or conclude anything right now.. The price is caught in a tug-of-war between Bulls and Bears.

Don't mind a deadly boring day after the PA that took place on Fri. No complaints.. Time to call it a day.. Have a Green one you all!
Hello World!
  • #12,582
  • Jul 28, 2014 11:07am Jul 28, 2014 11:07am
hey bulls, raise your hands up!!
hey bears, raise your hands up!!

long time no post here although everyday I must spend my time reading all your amazing thoughts
  • #12,583
  • Jul 28, 2014 11:26am Jul 28, 2014 11:26am
I don't expect much action Today. Definitely seems that bulls & bears are waiting for this weeks relevant news and data to push the button in either one direction or another.
  • #12,584
  • Jul 28, 2014 11:32am Jul 28, 2014 11:32am
I think for the next 2 hours gold will touch 1300 area, according to my analysis if the theres no significant news, tommorow gold will slowly drop till 1290 level, imo
  • #12,585
  • Jul 28, 2014 12:26pm Jul 28, 2014 12:26pm
Daily pivot is in play, several bounce off that level, but a descending triangle has formed. Im not seeing any significant volume strength on any time frame. Long is still my agenda until i see a volume bar. Epic week ahead, all SL are at risk, i expect major volatility to clear out the playing field. Ill look to buy 1280s with news spikes.
Last week USD had momentum with good data but Xau was resilient, seems the bulls are content with holding the price above the 1250 mark, anything near that will be buy buy buy.
Im not certain about the buy season, there is so much news and price wars to contend with..
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  • #12,586
  • Jul 28, 2014 12:40pm Jul 28, 2014 12:40pm
finally...4 hr support getting close to the price, first major one on 1301.83,thats the begining of price movement without pulling back , will be fair to see next 4hr middle above 1304.73
  • #12,587
  • Jul 28, 2014 12:42pm Jul 28, 2014 12:42pm
Although i hated today for this dayly candle who looked so bullish (small retracement only), i'm confident tomorrow's gonna drop like a bawze!

http://prntscr.com/477it4

Hope i'm right about this one or i'm crying very hard if i lose a good entry point for august
  • #12,588
  • Jul 28, 2014 12:46pm Jul 28, 2014 12:46pm
For those counting on fall of S&P. It has reversed and reversed up and fast. So much for manipulation!!!

Anyways seems like gold is waiting for NFP and will go up after hunting S/Ls of buyers (around 1277-82). and after that a rally towards 1380
  • #12,589
  • Jul 28, 2014 12:54pm Jul 28, 2014 12:54pm
Quoting Ranjeet1488
For those counting on fall of S&P. It has reversed and reversed up and fast. So much for manipulation!!! Anyways seems like gold is waiting for NFP and will go up after hunting S/Ls of buyers (around 1277-82). and after that a rally towards 1380

One more reason to "Lol" when the market goes up on the news like this: More sanctions on Russia from US coming

http://www.marketwatch.com/story/new...use-2014-07-28
  • #12,590
  • Jul 28, 2014 1:31pm Jul 28, 2014 1:31pm
Just closed all my trades at 1304
Senior Trader Multi-Account Manager
  • #12,591
  • Jul 28, 2014 1:52pm Jul 28, 2014 1:52pm
I closed my longs at 1298. this was a mistake. now I am long again at 1304. my stops are always tight. long still. think we are goig 1370.

what is lol?
  • #12,592
  • Jul 28, 2014 2:01pm Jul 28, 2014 2:01pm
Happy Eid Mubarak to all Muslims across the globe.
  • #12,593
  • Jul 28, 2014 2:06pm Jul 28, 2014 2:06pm
Quoting hamidshah.pk
Happy Eid Mubarak to all Muslims across the globe.
thanks,same to you
  • #12,594
  • Jul 28, 2014 2:16pm Jul 28, 2014 2:16pm
Quoting jkr
I closed my longs at 1298. this was a mistake. now I am long again at 1304. my stops are always tight. long still. think we are goig 1370. what is lol?
so far the key number for tommorow 1318.73,a clear break (1322.5)you can kiss bearishness goodbye.


laugh on loud
  • #12,595
  • Jul 28, 2014 2:37pm Jul 28, 2014 2:37pm
Quoting hamidshah.pk
Happy Eid Mubarak to all Muslims across the globe.
Thx mate same to you (",)
Senior Trader Multi-Account Manager
  • #12,596
  • Jul 28, 2014 2:53pm Jul 28, 2014 2:53pm
Likely to be a busy week beginning on Wednesday with FOMC and culminating on Friday with NFP. We might see some positioning that takes price action back towards 1330 or a retreat to 1288. After this week, scant volume till September. Indeed, I may hang up my spurs for the next month....
"The market can remain irrational longer than you can remain solvent"
  • #12,597
  • Jul 28, 2014 4:29pm Jul 28, 2014 4:29pm
Quoting Ranjeet1488
{quote} One more reason to "Lol" when the market goes up on the news like this: More sanctions on Russia from US coming http://www.marketwatch.com/story/new...use-2014-07-28
As it's been said… bull markets ignore bad news and exaggerate good news.
  • #12,598
  • Jul 28, 2014 6:44pm Jul 28, 2014 6:44pm
Quoting hamidshah.pk
Happy Eid Mubarak to all Muslims across the globe.
KHAIR MUBARIK
  • #12,599
  • Jul 28, 2014 9:05pm Jul 28, 2014 9:05pm
Quoting Razi89
{quote} KHAIR MUBARIK
Happy Eid Mubarak to all!

May there be peace and love everywhere..
Hello World!
  • #12,600
  • Jul 28, 2014 9:07pm Jul 28, 2014 9:07pm
Updated SLs for the positions on edge..
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