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Only Gold!

  • #12,641
  • Jul 29, 2014 3:40am Jul 29, 2014 3:40am
good morning lorix any thoughts on your tp for that?
  • #12,642
  • Jul 29, 2014 3:46am Jul 29, 2014 3:46am
Quoting Windstrown
good morning lorix any thoughts on your tp for that?
For now ill keep my eye on ichimoku kinko (kijun sen) line on 4 h time frame ill try to close at the best price arround it
its now arround the 1300 (",)
Senior Trader Multi-Account Manager
  • #12,643
  • Jul 29, 2014 3:48am Jul 29, 2014 3:48am
hmm considering all the tension around your tp is not for today is it? i need a clear vew from an outsider since i think i'm getting too clowed in my own vision and im starting to get afraid of this bull run.
  • #12,644
  • Jul 29, 2014 3:54am Jul 29, 2014 3:54am
Still waiting for 1316 gold and 20.8 - 20.9 silver as mentioned Monday before going short.
  • #12,645
  • Jul 29, 2014 3:56am Jul 29, 2014 3:56am
Quoting Matts Micro
{quote} Broke my top TL now the orange is the next obstacle. Watching the overbought signal. {image}
I am watching for close above or below my orange line at the end of this hour (close of 4hr bar) to keep my st longs open or to short. Orange=1311.30 atm.

Edit: The current pullback maybe enough to provide enough momentum for another push to the top side. Am leaving long open, no short.
As the lights go by so too do the shadows move
  • #12,646
  • Jul 29, 2014 3:57am Jul 29, 2014 3:57am
You are right u better always to play it safe for me usually i take 2 or 3 trades before market back to my side and i always start in a small lot size and bigger later so i exit on every pull back with a profit and i never fight the big picture , the market may reverse on me but i always exit with profit from it
got the idea!!?
Senior Trader Multi-Account Manager
  • #12,647
  • Jul 29, 2014 4:07am Jul 29, 2014 4:07am
for what it's worth. Low was 1287.50 add 2% makes it 1313.25 Res. which is a powerful Resistance point. All increments of 1 - 1.5 - 2 etc: are very strong. Have fun
  • #12,648
  • Edited 4:15am Jul 29, 2014 4:11am | Edited 4:15am
hi all!
Just missed the big upside move in gold. Was asleep, EST. According to 3 ducks system http://www.forexfactory.com/showthread.php?t=56140
we could have bought Xau on the break of the swing high 1305.61 on 5min chart @ 3:05 EST for 7$ profit.
3 Ducks is a very simple trend trading system.
G.L. and Happy Eid to all.
Attached Image (click to enlarge)
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  • #12,649
  • Jul 29, 2014 4:16am Jul 29, 2014 4:16am
you should also note, there are 5 Waves in a up move and 3 down move. If you look at the H1 Chart you would notice that there are 5 up moves from Low 1287.50 add 2% and you are on 1313.25 end of story. We should now go the other way for the moment. 3 moves down. By the way no Trend Lines or Indicators used here.
  • #12,650
  • Jul 29, 2014 4:19am Jul 29, 2014 4:19am
Quoting sunnyfarm
for what it's worth. Low was 1287.50 add 2% makes it 1313.25 Res. which is a powerful Resistance point. All increments of 1 - 1.5 - 2 etc: are very strong. Have fun

THAT is interesting..MMMM.. thks
  • #12,651
  • Jul 29, 2014 4:20am Jul 29, 2014 4:20am
Quoting sunnyfarm
you should also note, there are 5 Waves in a up move and 3 down move. If you look at the H1 Chart you would notice that there are 5 up moves from Low 1287.50 add 2% and you are on 1313.25 end of story. We should now go the other way for the moment. 3 moves down. By the way no Trend Lines or Indicators used here.
So is THAT..
  • #12,652
  • Jul 29, 2014 4:30am Jul 29, 2014 4:30am
st look at pa. blue tl supporting so far, a good chance of breaking my orange tl imo.

ps. all tl's predrawn before all pa, aside for top green which was just for a bo point to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd #16.png Size: 60 KB
As the lights go by so too do the shadows move
  • #12,653
  • Jul 29, 2014 4:33am Jul 29, 2014 4:33am
Quoting ClockTrader
{quote} Read Post-1 of this thread, I'm trying to build longs for a very long term.. I use VSA to open/close hedges and to re-enter..
Thank you. Will follow your rules now that I'm aware of them.

Best regards
  • #12,654
  • Jul 29, 2014 4:38am Jul 29, 2014 4:38am
still waiting for 1250 in 16 days per gold's cycle
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twitter: @gettoefl
  • #12,655
  • Jul 29, 2014 4:55am Jul 29, 2014 4:55am
Quoting gettoefl
still waiting for 1250 in 16 days per gold's cycle {image}
Does this really happen every 16 days? I am not expecting 1250,but was just expecting 1270. that will give a good amount of green.
  • #12,656
  • Jul 29, 2014 5:20am Jul 29, 2014 5:20am
Quoting AnilLonely
{quote} Does this really happen every 16 days? I am not expecting 1250,but was just expecting 1270. that will give a good amount of green.
My friend, I have seen this so many times... People are in positions, and they try to justify it by selectively taking comments from threads like these... There is no such thing as gold HAS to go down because of a cycle or whatever reason... If it goes down, it goes down... If it goes up, it goes up... Analyse your positions, analyse price action, analyse trend... Decide for yourself why you are in your trade, and why you think you should hold on or let go... Do not make decisions or keep trades because somebody says it has to move in a certain direction... You do that, and you WILL get burned... Just follow the trend... It's your friend...
Itchy Spirit Return This Year: na
  • #12,657
  • Jul 29, 2014 5:25am Jul 29, 2014 5:25am
adding more short positions here on 1307.5
  • #12,658
  • Jul 29, 2014 5:38am Jul 29, 2014 5:38am
Quoting AnilLonely
{quote} Does this really happen every 16 days? I am not expecting 1250,but was just expecting 1270. that will give a good amount of green.

Quoting Spiritwalker
{quote} My friend, I have seen this so many times... People are in positions, and they try to justify it by selectively taking comments from threads like these... There is no such thing as gold HAS to go down because of a cycle or whatever reason... If it goes down, it goes down... If it goes up, it goes up... Analyse your positions, analyse price action, analyse trend... Decide for yourself why you are in your trade, and why you think you should hold on or let go... Do not make decisions or keep trades because somebody says it has to move in a...

Whatever your decisions, be sure you're in control of your profits/losses
  • #12,659
  • Jul 29, 2014 5:43am Jul 29, 2014 5:43am
What im looking at
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To live a successful life, we must lose our fear of being wrong
  • #12,660
  • Jul 29, 2014 5:53am Jul 29, 2014 5:53am
Quoting EatPIPs
What im looking at {image}
Based on $1301 being respected
To live a successful life, we must lose our fear of being wrong
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