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Only Gold!

  • #13,381
  • Aug 5, 2014 1:34pm Aug 5, 2014 1:34pm
Quoting waleed.khan
{quote} Wti 40 cents... move that's it... There are no volumes behind the gold spike...(still a fake out - but will be extra cautious)
could you show us your chart? cuz i have data feed from different brokers and they all are showing normal volume
I recommend you read something else as this sentence is now concluded.
  • #13,382
  • Aug 5, 2014 1:38pm Aug 5, 2014 1:38pm
Quoting Scoobidoobi
{quote} staying cautious is fine, but the up-move spike on gold is not yet done. we have Tue, Aug 5, 2014, 2:33 PM EDT - U.S. Markets close in 1 hr 27 mins, after that it might trend higher if not earlier..

true... Gonna keep on the look out.. gonna get out if we get an hourly candle close above today's high...
  • #13,383
  • Aug 5, 2014 1:38pm Aug 5, 2014 1:38pm
Quoting Scoobidoobi
{quote} Job Welldone Lorix, you can crack it again if PA breaks 1282 today . PA is good in NZD dropping hard going into some high impact data coming later in the day, take a look mate
this is how i see the nzd i would stay out from it now keeping my eyes on gold
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 60 KB
Click to Enlarge Name: NZDUSDWeekly.png Size: 51 KB
Senior Trader Multi-Account Manager
  • #13,384
  • Aug 5, 2014 1:39pm Aug 5, 2014 1:39pm
Quoting Obaidah
{quote} could you show us your chart? cuz i have data feed from different brokers and they all are showing normal volume

using Fxcm's feed...what do you mean by normal value?
  • #13,385
  • Aug 5, 2014 1:40pm Aug 5, 2014 1:40pm
Quoting wafiqsalameh
i think putin is playing forex,and he has full margin long on gold,gold went down,started drinking vodka,came up with this idea
Lovely nice one.... hahahaaaa
  • #13,386
  • Aug 5, 2014 1:41pm Aug 5, 2014 1:41pm
now waiting the gold to back to 1292 again and ill go short one more time
market back again to give one more chance
closing @ 1284.75 was perfect
Senior Trader Multi-Account Manager
  • #13,387
  • Aug 5, 2014 1:43pm Aug 5, 2014 1:43pm
just shorted the 1291.10 1st short may add again later (hope so)
Senior Trader Multi-Account Manager
  • #13,388
  • Aug 5, 2014 1:45pm Aug 5, 2014 1:45pm
Quoting lorix
now waiting the gold to back to 1292 again and ill go short one more time market back again to give one more chance closing @ 1284.75 was perfect

lorix this upmove was flashy , as waleed was mentioning this might be trigger of new upmove which can last for a week too. With geo-political tensions + stock markets crash going around the globe it isn't wise to short gold based on technicals it can popup few 30-50usd just like that in a hurry. caution advised for taking shorts especially!
Scoobi doobi doo
  • #13,389
  • Aug 5, 2014 1:48pm Aug 5, 2014 1:48pm
Quoting lorix
{quote} this is how i see the nzd i would stay out from it now keeping my eyes on gold {image} {image}
I see you are staying away from NZD going into the high impact news event, it can go either way drastically going by the PA this am it wants to drop first and then pop later on ..my 2 cents!
Scoobi doobi doo
  • #13,390
  • Aug 5, 2014 1:52pm Aug 5, 2014 1:52pm
exptrader PA EA is going long on gold , interesting..

http://www.forexfactory.com/exptrader#93
Scoobi doobi doo
  • #13,391
  • Aug 5, 2014 1:55pm Aug 5, 2014 1:55pm
Quoting Scoobidoobi
{quote} lorix this upmove was flashy , as waleed was mentioning this might be trigger of new upmove which can last for a week too. With geo-political tensions + stock markets crash going around the globe it isn't wise to short gold based on technicals it can popup few 30-50usd just like that in a hurry. caution advised for taking shorts especially!
100% agree
i am gonna say it for the 1st time from the past 2 months i am trying to build a base of number of trades of short on a monthly chart till the end of wave 4 that might ends @ 1038 so the thing is i hate to wait much time on y trades more than like a week or so
thats why i didnt keept holding my shorts since the 1500 lol so i keep jump in in a small lot size add later on a bigger lot size to close all later one with every good move in the green
Senior Trader Multi-Account Manager
  • #13,392
  • Aug 5, 2014 1:59pm Aug 5, 2014 1:59pm
Quoting Scoobidoobi
exptrader PA EA is going long on gold , interesting.. http://www.forexfactory.com/exptrader#93
i m trying to make this trade explorer its not working my side dont know why i wanna do it on a very small account that could be good leed and can any one see it
bu not working strange
Senior Trader Multi-Account Manager
  • #13,393
  • Aug 5, 2014 2:01pm Aug 5, 2014 2:01pm
Very impressed by "zero hedge" much faster than the rest... Definitely gonna add to my twitter news feed!
  • #13,394
  • Aug 5, 2014 2:01pm Aug 5, 2014 2:01pm
Quoting lorix
{quote} this is how i see the nzd i would stay out from it now keeping my eyes on gold {image} {image}

Lorix,

If you see technical analysis of NZD on daily chart it reads Strong sell, almost all indics they use point to SELL

http://www.investing.com/currencies/...l?period=86400

I have noticed many a times this is the time generally it exactly does the opposite and moves UP to squeeze short sellers .

That said I next check Retail sentiment , in excess of 80% are long in NU see here : http://www.dailyfx.com/technical_analysis/sentiment?CMP=SFS-70160000000NbUQAA0 so its gonna be seasaw trades all over the place, staying away or jumping upon good PA advisable there
Scoobi doobi doo
  • #13,395
  • Aug 5, 2014 2:02pm Aug 5, 2014 2:02pm
Quoting lorix
{quote} i m trying to make this trade explorer its not working my side dont know why i wanna do it on a very small account that could be good leed and can any one see it bu not working strange

setup investor password for your live a/c and create trade explorer lorix it should work!
Scoobi doobi doo
  • #13,396
  • Aug 5, 2014 2:11pm Aug 5, 2014 2:11pm
http://www.bloomberg.com/tv/

Listen to barry ritholtz he is quite a smart man...
  • #13,397
  • Aug 5, 2014 2:35pm Aug 5, 2014 2:35pm
Quoting Scoobidoobi
{quote} setup investor password for your live a/c and create trade explorer lorix it should work!
Ill try to do it again tomorow i am now on my way back home
looks like the short i made @ 1291.10 holding and price gonna drop again lets wait and see
ill see you all tomorow (",)
ill keep in and out for any new things happend (",)
Senior Trader Multi-Account Manager
  • #13,398
  • Aug 5, 2014 5:06pm Aug 5, 2014 5:06pm
Hi guys, I'm long on silver and pretty loosing. I'm usually holding position long time so its not too big deal. Waiting for silver to go back up again. What do You all think about that?
  • #13,399
  • Aug 5, 2014 5:33pm Aug 5, 2014 5:33pm
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDecnDaily.png Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDecnDailyzoom.png Size: 49 KB


The first image is this the yearly movement of gold from august 1st for the last two years (three including this year)

The second image is this year so far and a possible channel.



I know my charting could be nicer but still new to this.
  • #13,400
  • Aug 5, 2014 5:41pm Aug 5, 2014 5:41pm
its interesting to see gold returning to its daily demand zone, will silver follow in the next few days? It brings the question if today's sell of was really due to the news?

Anyways just thoughts.
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