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Only Gold!

  • #13,681
  • Aug 7, 2014 11:10am Aug 7, 2014 11:10am
anybody see bearish divergence on 1hr?
  • #13,682
  • Aug 7, 2014 11:11am Aug 7, 2014 11:11am
Gold is ignoring silver's trendline resistence and will close above 1311.
Daily will mean we'll have a path open to 1331 weakly will mean 1331
On silver this will mean it will get pulled to 20,41 ignoring the 1st fibo level and breaking the bearish trendline.

If this all happens untill friday bullish trend for august is formed and short scalpers should be careful.
As for me i'm bullish since 1280 and swapped yesterday at 1307 my gold positions for silver since i believe there is more room to fluctuate there.
  • #13,683
  • Aug 7, 2014 11:19am Aug 7, 2014 11:19am
Quoting Super_Mario
{quote} Nice robot you have! Not to worry about rest 0.1 - these were CT's hedges
You got me mate!

Hello World!
  • #13,684
  • Aug 7, 2014 11:20am Aug 7, 2014 11:20am
Quoting waleed.khan
{quote} How much does a good college education cost? why should one expect instant results when it comes to trading? Hang in there and keep a positive attitude..
Hello World!
  • #13,685
  • Aug 7, 2014 11:22am Aug 7, 2014 11:22am
Quoting waleed.khan
{quote} On a lighter note... CT - you should put this image in the first post... {image}
If I know Gold is about to bottom out, I would remove SLs, like I did when Gold bottomed out around 1280

IF I had not removed my SLs my longs would have blown in air & I would have never gotten a chance to re-go long.

PS: Today's profits from two green longs got offset by losses from 8 shorts that blew up, no profit today, nevertheless, I'm OK as price is climbing....
Hello World!
  • #13,686
  • Aug 7, 2014 11:25am Aug 7, 2014 11:25am
hi traders


check this gold flag break pattern


regards
rocky
Attached Image (click to enlarge)
Click to Enlarge Name: GoldH4.png Size: 34 KB
rocky1980
  • #13,687
  • Aug 7, 2014 11:26am Aug 7, 2014 11:26am
Quoting waleed.khan
{quote} On a lighter note... CT - you should put this image in the first post... {image}
This is how my SLs are set now..

I just realized that I do use SL, not in order to protect my account but to take profit, just in case my analysis goes wrong.
Attached Images
Hello World!
  • #13,688
  • Aug 7, 2014 11:30am Aug 7, 2014 11:30am
Waiting for 22sma mid to go over 1310.92 on 5 minutes chart to see more action
  • #13,689
  • Aug 7, 2014 11:40am Aug 7, 2014 11:40am
2nd post in over 7 months:

careful with long positions,
set SL

there is still downside potential,
XAG/USD is still down...

(!)
  • #13,690
  • Aug 7, 2014 11:47am Aug 7, 2014 11:47am
Gold will not go down....not after breaking THE STRONG RESISTANCE @ 1298
  • #13,691
  • Aug 7, 2014 11:48am Aug 7, 2014 11:48am
Opened 4 shorts.. @ 1311
Hello World!
  • #13,692
  • Aug 7, 2014 11:50am Aug 7, 2014 11:50am
Quoting ClockTrader
Opened 4 shorts.. @ 1311
Gold peaked out yesterday, but there is still a chance of one swing-up, therefore, I would give equal importance to longs and shorts tomorrow..

Going forward.. I would like to hedge as many..
Hello World!
  • #13,693
  • Aug 7, 2014 11:54am Aug 7, 2014 11:54am
Quoting clocktrader
{quote} gold peaked out yesterday, but there is still a chance of one swing-up, therefore, i would give equal importance to longs and shorts tomorrow.. Going forward.. I would like to hedge as many..

if thats true i wish you good luck of your tradings
  • #13,694
  • Aug 7, 2014 11:57am Aug 7, 2014 11:57am
Added 4 more shorts

38 longs
16 shorts

net 22 longs..
Hello World!
  • #13,695
  • Aug 7, 2014 12:01pm Aug 7, 2014 12:01pm
Long 40 from 1283.closed them and reopend them @1293+1294, will not close them till the right time comes
  • #13,696
  • Aug 7, 2014 12:03pm Aug 7, 2014 12:03pm
Poor silver , no action whatsoever
  • #13,697
  • Aug 7, 2014 12:07pm Aug 7, 2014 12:07pm
Quoting wafiqsalameh
Long 40 from 1283.closed them and reopend them @1293+1294, will not close them till the right time comes
How about sharing a screenshot of your positions? Or maybe trade explorer if possible?
Hello World!
  • #13,698
  • Aug 7, 2014 12:07pm Aug 7, 2014 12:07pm
added 2 more shorts..
Hello World!
  • #13,699
  • Aug 7, 2014 12:12pm Aug 7, 2014 12:12pm
Closed 4 longs in light green
Hello World!
  • #13,700
  • Aug 7, 2014 12:14pm Aug 7, 2014 12:14pm
closed 2 more longs. holding one long on Gold (from 1283) and four longs on silver from 19.90 ish
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