Only Gold! | Page 660 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #13,181
  • Aug 4, 2014 2:48am Aug 4, 2014 2:48am
Quoting driver55
morning all !!! From my point of view : For today i'll trade as follow ( based on 30 min chart) if open > 1295.30 --> long if open < 1292.60 --> short

i hope you be buying in 15 minutes or less
  • #13,182
  • Aug 4, 2014 2:51am Aug 4, 2014 2:51am
Quoting tablet8
{quote} trust technical and ignore market sentiments.
Tablet8
Isn't technical analysis based on market sentiment!!!?
  • #13,183
  • Aug 4, 2014 2:52am Aug 4, 2014 2:52am
Quoting wafiqsalameh
{quote} i hope you be buying in 15 minutes or less
but ... as I said... no intrabar.... only open price determine my decision
The best thing that can happen to you is to find out where you're wrong.
  • #13,184
  • Aug 4, 2014 2:57am Aug 4, 2014 2:57am
Hello every one and good morning how is everyone today hope u all had a good nice weekend ('',)
Senior Trader Multi-Account Manager
  • #13,185
  • Aug 4, 2014 3:03am Aug 4, 2014 3:03am
This half hour if the low 1294.08 how much is the high!!
  • #13,186
  • Aug 4, 2014 3:41am Aug 4, 2014 3:41am
Quoting Kouroushi
{quote} Tablet8 Isn't technical analysis based on market sentiment!!!?
I meant news & rumor.
  • #13,187
  • Aug 4, 2014 6:35am Aug 4, 2014 6:35am
Hi everyone! Had been reading the thread for so long, would like to intro myself you everyone so we can make friend. ( Im a newbie )

I had long gold from 1291 Resistant, TP at 1303, SL at 1289

My thinking, 1291 range seem to be a strong support, and its a line which had been tested heavily recently.

Also from the rally last week, there should be more buyer to seller ratio?

Am I doing the "right" thing?

Regards,
Bai
  • #13,188
  • Aug 4, 2014 6:42am Aug 4, 2014 6:42am
Gold prices expected to continued its decline to $1280 as multiple resistances on the upside caps the yellow metal's rally.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDH4.png Size: 41 KB
  • #13,189
  • Aug 4, 2014 7:01am Aug 4, 2014 7:01am
Quoting Kouroushi
{quote} Tablet8 Isn't technical analysis based on market sentiment!!!?

Market sentiment based on traders 'speculation
  • #13,190
  • Aug 4, 2014 7:05am Aug 4, 2014 7:05am
Quoting Fx_Anil
Gold prices expected to continued its decline to $1280 as multiple resistances on the upside caps the yellow metal's rally. {image}
I hate to say this, technical terms , he 's right, looks like downward trend is folding range 1280 & 1270 & could go 1240 Zone before it's goes up again. ...well this a purely a forecast based on recent historical price.
  • #13,191
  • Aug 4, 2014 7:39am Aug 4, 2014 7:39am
Quoting actorial
Hi everyone! Had been reading the thread for so long, would like to intro myself you everyone so we can make friend. ( Im a newbie ) I had long gold from 1291 Resistant, TP at 1303, SL at 1289 My thinking, 1291 range seem to be a strong support, and its a line which had been tested heavily recently. Also from the rally last week, there should be more buyer to seller ratio? Am I doing the "right" thing? Regards, Bai
Hi to you too..

were you stopped out?
  • #13,192
  • Aug 4, 2014 7:55am Aug 4, 2014 7:55am
Quoting actorial
Hi everyone! Had been reading the thread for so long, would like to intro myself you everyone so we can make friend. ( Im a newbie ) I had long gold from 1291 Resistant, TP at 1303, SL at 1289 My thinking, 1291 range seem to be a strong support, and its a line which had been tested heavily recently. Also from the rally last week, there should be more buyer to seller ratio? Am I doing the "right" thing? Regards, Bai
Mate your stop loss is way too tight for someone who wants to trade Gold. Especially on a Monday when there is little to no volatility and prices are simply consolidating up and down.
A 1 pip gain is better than a 1 pip loss.
  • #13,193
  • Aug 4, 2014 8:09am Aug 4, 2014 8:09am
Quoting aeternum
Gold is bouncing from 61.8 of the move up from 123x to 134x. If it goes higher, we can look for various harmonic patterns. I just drew out 3 possible scenarios. The fibonacci lines are all confluencing and it looks really good for a harmonic pattern set up. {image} {image} {image}
We are at 23.6 from the move down to 61.8 of the move up. Looking to see a further up move to either 38.2, 50 or 61.8, before we start going back down again.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 4 August 2014 Fib Retracement.png Size: 50 KB
A 1 pip gain is better than a 1 pip loss.
  • #13,194
  • Aug 4, 2014 8:34am Aug 4, 2014 8:34am
Completely unpredictable and sideways so far.. maybe price sorts out its way ahead.. I'd wait for 12:00 pm NY (EST)..
Hello World!
  • #13,195
  • Aug 4, 2014 8:55am Aug 4, 2014 8:55am
Quoting ClockTrader
Completely unpredictable and sideways so far.. maybe price sorts out its way ahead.. I'd wait for 12:00 pm NY (EST)..
Patience.. Patience.. Patience.. Patience.. Patience.. and nothing but Patience..

I'm going to let PA test my patience until next US session starts.. Maybe some light by next Asian session, fingers crossed.. and watching sideways..
Hello World!
  • #13,196
  • Aug 4, 2014 9:21am Aug 4, 2014 9:21am
Quoting waleed.khan
{quote} Hi to you too.. were you stopped out?
Sadly Yes, I got stopped out -_- lesson learned
  • #13,197
  • Aug 4, 2014 9:22am Aug 4, 2014 9:22am
Quoting aeternum
{quote} Mate your stop loss is way too tight for someone who wants to trade Gold. Especially on a Monday when there is little to no volatility and prices are simply consolidating up and down.
Lesson learned, lucky its a small price. Will take note of your advise and remember not to do such tight trading.
  • #13,198
  • Aug 4, 2014 10:08am Aug 4, 2014 10:08am
silver is beginning to touch its demand zone finally.

gold skimming back down to its, @ 1287
  • #13,199
  • Aug 4, 2014 10:11am Aug 4, 2014 10:11am
if your a bull on gold or silver, load up longs @ 20.26 & 1287 although just dollars and cents away current levels are good too.
  • #13,200
  • Aug 4, 2014 10:12am Aug 4, 2014 10:12am
Quoting ClockTrader
{quote} Patience.. Patience.. Patience.. Patience.. Patience.. and nothing but Patience.. I'm going to let PA test my patience until next US session starts.. Maybe some light by next Asian session, fingers crossed.. and watching sideways..
Im sellong patience pills. U want? Waiting!!!
row row row your boat
16 traders viewing now