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  • #13,001
  • Aug 1, 2014 12:32am Aug 1, 2014 12:32am
Quoting wafiqsalameh
{quote} heeeeey,i like you man,thats what i want to hear
I would suggest always be prepared for the worst, if good things happen, you can enjoy otherwise embrace the ugly without any fear or complex..
Hello World!
  • #13,002
  • Aug 1, 2014 12:35am Aug 1, 2014 12:35am
Quoting ClockTrader
{quote} I would suggest always be prepared for the worst, if good things happen, you can enjoy otherwise embrace the ugly without any fear or complex..
Now this is good advise from a person who certainly know how to play this game
That which does not kill us makes us stronger
  • #13,003
  • Aug 1, 2014 12:40am Aug 1, 2014 12:40am
Quoting ClockTrader
{quote} I would suggest always be prepared for the worst, if good things happen, you can enjoy otherwise embrace the ugly without any fear or complex..
thanks alot brother,and you are absloutly right,before i buy i knew my stop preparing for the ugly,there is nothing guaranteed at this market we all just doing our best to be right
  • #13,004
  • Aug 1, 2014 12:50am Aug 1, 2014 12:50am
My scenario
Going up 1285.xx
then 1288.95 (or fall to 1278.xx/1275.70)
then 1295.xx (or fall yo 1278.xx/1275.70)
then fall to 1278.xx or cont bullish till 1354
row row row your boat
  • #13,005
  • Aug 1, 2014 12:57am Aug 1, 2014 12:57am
1286.54 the only thick number here worrying about, some res. now @1284.86 not to worry
  • #13,006
  • Aug 1, 2014 1:02am Aug 1, 2014 1:02am
Added 2 longs, this time with SL @ 1276
Hello World!
  • #13,007
  • Aug 1, 2014 1:02am Aug 1, 2014 1:02am
Quoting ClockTrader
{quote} I would suggest always be prepared for the worst, if good things happen, you can enjoy otherwise embrace the ugly without any fear or complex..
Are you the same guy whose nickname was forexlion few years ago?
I recommend you read something else as this sentence is now concluded.
  • #13,008
  • Aug 1, 2014 1:25am Aug 1, 2014 1:25am
Quoting Obaidah
{quote} Are you the same guy whose nickname was forexlion few years ago?
Can you give me a good reason why you are trying to relate me with 'forexlion' ?
Hello World!
  • #13,009
  • Aug 1, 2014 1:29am Aug 1, 2014 1:29am
My analysis is that,

Gold has reached the bottom. 4h and daily.

I wouldn't be suprised if gold season starts today towards next week and towards August-Sept.

Buyers now holding the support.

If NFP goes crazy itll drop and rally.

But I'm done shorting. Here comes the Bulls
  • #13,010
  • Edited 1:39am Aug 1, 2014 1:29am | Edited 1:39am
my 2 cents - my fib shows a take profit area of 1259 317 - maybe not today due to nonfarm if news is bad for the US - if news is good possible completion of my daily fib........ 61.8 retrace gives me a take profit of 1259 317 or 161 fib extension.... two reasons for this area one being my daily fib, second of all my blue shaded area is now daily demand, this is the level that caused the rally and broke daily supply at the top of my green band, that was in control at 1342 036 ---- no guess work just pure tech anal with a nice confluence at daily demand....1239 961 is weekly demand or the top of the weekly demand range so price could go down to the origin of the move that caused the last rally my lower blue box.
Attached Image (click to enlarge)
Click to Enlarge Name: gold fib.JPG Size: 125 KB
  • #13,011
  • Aug 1, 2014 1:35am Aug 1, 2014 1:35am
Quoting ClockTrader
{quote} Can you give me a good reason why you are trying to relate me with 'forexlion' ?
you guys have the same trading style, and both are from India
I recommend you read something else as this sentence is now concluded.
  • #13,012
  • Aug 1, 2014 1:44am Aug 1, 2014 1:44am
Quoting Matts Micro
{quote} It's not just about price though (also depending on USD strength imo), there needs to be demand. I live in Western Australia the hub of Aussies latest mining boom. The price of Gold was closely watched by all and many small mines sprang to life during the boom but disappeared as quickly. The processing plants (the main costs of an operation) still exist but they shutdown to care taker mode until prices once again approach a profitable level plus demand. We have the largest Gold mine in the southern hemisphere and during quiet times they...


Where you at Matt? I'm in Perth
  • #13,013
  • Edited 2:00am Aug 1, 2014 1:49am | Edited 2:00am
Quoting rythmrig
{quote} Where you at Matt? I'm in Perth
well if mines are closing down, the more mines that close the less supply that is available, there fore demand will increase and gold will go back up in price. would you not agree that if mines open at the wrong time, like when price was at its all time highs as price moved down which followed my fib perfectly the operating costs compared to the worth of the material made the smaller mines non profitable.

Funny how this price was predicted by my monthly fib back in 2012 - down to my 161 fib line that caused the double bottom...... Its not always 161 fib take profit, its all about the retracement
Attached Image (click to enlarge)
Click to Enlarge Name: gold monthly.JPG Size: 100 KB
  • #13,014
  • Aug 1, 2014 2:08am Aug 1, 2014 2:08am
Quoting Obaidah
{quote} you guys have the same trading style, and both are from India
hummm, glad to know someone else (from INdia) follows Golden Seasons too ..
Hello World!
  • #13,015
  • Aug 1, 2014 2:24am Aug 1, 2014 2:24am
Quoting iaveight
{quote} well if mines are closing down, the more mines that close the less supply that is available, there fore demand will increase and gold will go back up in price. would you not agree that if mines open at the wrong time, like when price was at its all time highs as price moved down which followed my fib perfectly the operating costs compared to the worth of the material made the smaller mines non profitable. Funny how this price was predicted by my monthly fib back in 2012 - down to my 161 fib line that caused the double bottom...... Its not...
Need to look at the fundamentals. China's building boom was the reason for our mining boom. Not sure how gold fits but it's just industry boom.
As the lights go by so too do the shadows move
  • #13,016
  • Aug 1, 2014 2:27am Aug 1, 2014 2:27am
Quoting rythmrig
{quote} Where you at Matt? I'm in Perth
Currently sitting on Scarborough beach.
As the lights go by so too do the shadows move
  • #13,017
  • Aug 1, 2014 2:29am Aug 1, 2014 2:29am
Quoting Matts Micro
{quote} Need to look at the fundamentals. China's building boom was the reason for our mining boom. Not sure how gold fits but it's just industry boom.

I am not a fundamental trader, I am a chartist / tech trader. Of course news may change things in the very short term but never have a lasting effect on the long term charts - fundamentals mislead, turning the news off gave me greater gains in forex by just using tech analysis.....
  • #13,018
  • Aug 1, 2014 2:31am Aug 1, 2014 2:31am
Quoting quriousmind
My analysis is that, Gold has reached the bottom. 4h and daily. I wouldn't be suprised if gold season starts today towards next week and towards August-Sept. Buyers now holding the support. If NFP goes crazy itll drop and rally. But I'm done shorting. Here comes the Bulls
We are getting close champ, really close, a few days out by my reckoning..

Daily chart appears in a wedge format and ichimoku is telling me we will start a climb in a few days time.

For me silver is the hotter tip right now, rather low currently and nice bull formation forming on most time frames.
A genius is born every minute, me I am lucky if my socks match.
  • #13,019
  • Aug 1, 2014 2:33am Aug 1, 2014 2:33am
Quoting whackdiddy
{quote} We are getting close champ, really close, a few days out by my reckoning.. Daily chart appears in a wedge format and ichimoku is telling me we will start a climb in a few days time. For me silver is the hotter tip right now, rather low currently and nice bull formation forming on most time frames.

I totally agree with the bull move , i still think there is potential to the downside on gold, not very far but as I posted earlier, support and resistance is just that, a temporary hold, supply and demand areas move the charts
  • #13,020
  • Aug 1, 2014 2:35am Aug 1, 2014 2:35am
Quoting whackdiddy
{quote} We are getting close champ, really close, a few days out by my reckoning.. Daily chart appears in a wedge format and ichimoku is telling me we will start a climb in a few days time. For me silver is the hotter tip right now, rather low currently and nice bull formation forming on most time frames.
Glad to see you around :-)
Hello World!
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