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  • #14,901
  • Aug 21, 2014 1:09am Aug 21, 2014 1:09am
Quoting ohguowei
{quote} spike down south?
Yeaaaaaa Spike in the South!

Last night someone was talking about spike in North..
Hello World!
  • #14,902
  • Aug 21, 2014 1:09am Aug 21, 2014 1:09am
OMG

100 pips candle
I Have Learned to Take Some Losses to Make Profits
  • #14,903
  • Aug 21, 2014 1:09am Aug 21, 2014 1:09am
Craving to buy @ 1281 but PA is too intimidating..
Hello World!
  • #14,904
  • Aug 21, 2014 1:10am Aug 21, 2014 1:10am
Quoting Spec_And
This slow grind lower looks very bearish to me... this tells me that the bulls are buying and they are hurting, but not capitulating.
Volume spike on that huge down bar to 1274.9, could be capitulation, finally.
"Where you want to be is always in control, never wishing, always trading.
  • #14,905
  • Aug 21, 2014 1:10am Aug 21, 2014 1:10am
Well if this closes on 1280 on 1H TF, isn't it a good time to buy ?
  • #14,906
  • Aug 21, 2014 1:12am Aug 21, 2014 1:12am
Hot news in..

A hitman named "Price Action" was assigned to clean the slates of many..

SLs hit deep & hard...
Hello World!
  • #14,907
  • Aug 21, 2014 1:15am Aug 21, 2014 1:15am
8k contracts dumped in a matter of seconds...
"Where you want to be is always in control, never wishing, always trading.
  • #14,908
  • Aug 21, 2014 1:19am Aug 21, 2014 1:19am
wow.. 100 point candle down south....
  • #14,909
  • Edited 1:36am Aug 21, 2014 1:20am | Edited 1:36am
straight into my zone I have been calling over two weeks on this thread 1271 - 1259 , how nice 465 pips thanks very much, bottom on my daily fib started back 18 of july shows a bottom of 1259 before a half decent pull back - break this prior bottoms
  • #14,910
  • Aug 21, 2014 1:21am Aug 21, 2014 1:21am
2 longs @ 1280

NET: 10 longs

Now I'm done with longs until there is a good reason to buy more..

Logic: VSA suggests bottom is close. I've been anticipating bottom out in 1270-80 area, but I think I should be ready and be prepared for worse just in case....
Hello World!
  • #14,911
  • Aug 21, 2014 1:24am Aug 21, 2014 1:24am
past 2 days have been against my analysis, kept out today.
gonna recollect my thoughts and go at it again when I can be sure of it.
  • #14,912
  • Aug 21, 2014 1:26am Aug 21, 2014 1:26am
Quoting ClockTrader
2 longs @ 1280 NET: 10 longs Now I'm done with longs until there is a good reason to buy more.. Logic: VSA suggests bottom is close. I've been anticipating bottom out in 1270-80 area, but I think I should be ready and be prepared for worse just in case....
i'm following cci(60) and RSI(20), just closed half of my position as those 2 indicator shown extreme oversold. now waiting for USA data release later on in 6 hours time.

CCI(60) : -165
RSI(20): 0.002
  • #14,913
  • Aug 21, 2014 1:35am Aug 21, 2014 1:35am
whats your low on the spike down fellas ?
i have 1271.973
  • #14,914
  • Aug 21, 2014 1:39am Aug 21, 2014 1:39am
Quoting bonnzi
whats your low on the spike down fellas ? i have 1271.973
1271.59 area is my 161 fib daily fib completion, this area is daily demand that cause the break of daily supply at 1341 and this area caused the break of the daily trend line I had drawn short from the big move down to bottoms.............


http://www.forexfactory.com/showthre...80#post7677580
  • #14,915
  • Aug 21, 2014 1:41am Aug 21, 2014 1:41am
Quoting bonnzi
whats your low on the spike down fellas ? i have 1271.973
1274.9, GCZ4 Dec contract on Nymex.

1271 is insane, thats deliberate bucket shop stop hunting. I can never understand why people continue to use them.
"Where you want to be is always in control, never wishing, always trading.
  • #14,916
  • Aug 21, 2014 1:43am Aug 21, 2014 1:43am
Quoting Matts Micro
{quote} I am in red long but am also hedged. Thinking of closing shorts as PA has just hit the daily 200 sma (only ma I use) and at oversold levels. Not liking the fundamentals of longs atm though. Hoping for another challenge close to the current low to manage trades. May go long for a temporary rally when (if) reached.
Unfortunately I closed my shorts about 3 minutes before the news. Strong positive news out of Swissy land obviously was a risk off trade for gold. Luckily I didn't have confirmation of a re-entry of a long. Starting to get a deepish red in my other long (nothing not according to plan or MM) and another few millimetres to go below my daily TL; that spike would have finished it off.
As the lights go by so too do the shadows move
  • #14,917
  • Aug 21, 2014 1:43am Aug 21, 2014 1:43am
Quoting Monkiman
wow.. 100 point candle down south....
hahaha,reason to be happy
if this charts are any help i will continuing to post if is not let me now and i will stop posting,.
Gold spot Intraday: capped by a negative trend line.

Pivot: 1295

Analysis: Short positions below 1295 with targets @ 1282 & 1280 in extension.

Alternative scenario: Above 1295 look for further upside with 1298 & 1304 as targets.

Comment: Technically the RSI is below its neutrality area at 50.

http://www.tradingcentral.com/newsletter/spacer10.gif http://www.tradingcentral.com/chart/...0821065705.gif

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

all times learnning
  • #14,918
  • Aug 21, 2014 1:46am Aug 21, 2014 1:46am
Quoting ClockTrader
{quote} I didn't get ya mate. Current price @ 1285, how can one be buying at these prices? 1244 - 1259?
Im not buying, im selling dude. And these are my near term targets.

PA and trend is south.

Expecting usual bull retests but PA is south until shown otherwise.
To live a successful life, we must lose our fear of being wrong
  • #14,919
  • Aug 21, 2014 1:47am Aug 21, 2014 1:47am
Quoting Spec_And
{quote} 1274.9, GCZ4 Dec contract on Nymex. 1271 is insane, thats deliberate bucket shop stop hunting. I can never understand why people continue to use them.

Its supply and demand at work - my daily fib called this short weeks ago , not many believed me, i think maybe another 1 or 2 people - nothing to do with hunting

If this level holds longs now, 1 buy limit triggered at the top of my zone second at the bottom at my 161 fib - third long position in case this breaks is prior bottoms
  • #14,920
  • Aug 21, 2014 1:51am Aug 21, 2014 1:51am
Quoting iaveight
{quote} Its supply and demand at work - my daily fib called this short weeks ago , not many believed me, i think maybe another 1 or 2 people - nothing to do with hunting
being calling short since 5 years ago... til today noone believe me
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