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  • #14,981
  • Aug 21, 2014 5:58am Aug 21, 2014 5:58am
Quoting qaiser4u007
{quote} nice chart,i always like to see simple chart bro i m long on gold,do as u like
If the current 4H candle closes green, i'm in
  • #14,982
  • Aug 21, 2014 7:26am Aug 21, 2014 7:26am
Quoting qaiser4u007
{quote} No
The trend is your friend, look up the level I draw, you think that is coincidence, I had my reasons, anyway good luck
I Have Learned to Take Some Losses to Make Profits
  • #14,983
  • Aug 21, 2014 7:37am Aug 21, 2014 7:37am
Quoting Goldenshot
{quote} nice transaction has been opened, if i were you i will make my TP slightly down a lil bit for more profit like 1272
Ive stuck a trailing stop on at 1273...so lets see how far down we can ride this
  • #14,984
  • Aug 21, 2014 7:41am Aug 21, 2014 7:41am
Quoting bhav85
{quote} Ive stick a trailing stop on at 1273...so lets see how far down we can ride this
😂 lol wish it closes for nice profit, cheers
The Force is with me.. Im One With the Force..
  • #14,985
  • Aug 21, 2014 7:52am Aug 21, 2014 7:52am
1267 1268 looks like the support line to me? maybe. start to build longs from today's low so far 1272ish
  • #14,986
  • Aug 21, 2014 7:56am Aug 21, 2014 7:56am
This may sound like a silly question from ignorant trader: How deep down do you, - that have gained some knowledge and skills - think Gold will go down today or tomorrow? Do you think it is likely it will go far below 1273?
  • #14,987
  • Aug 21, 2014 8:10am Aug 21, 2014 8:10am
Russian aid convoy starts moving into Ukraine

on one hand.....trend is your friend
on the other though....if something happens with that convoy ....
i personally do not think that comrade Putin has finished his games in Ukraine, otherwise he would have ended it before all these sanctions occurred don't you think
  • #14,988
  • Edited 8:41am Aug 21, 2014 8:30am | Edited 8:41am
http://pcmupload.broker-fa.org/uploa...8628276411.png
  • #14,989
  • Aug 21, 2014 8:38am Aug 21, 2014 8:38am
Quoting bonnzi
Russian aid convoy starts moving into Ukraine on one hand.....trend is your friend on the other though....if something happens with that convoy .... i personally do not think that comrade Putin has finished his games in Ukraine, otherwise he would have ended it before all these sanctions occurred don't you think
Yes, looks like Putin is climbing down. But if Ukraine will try to get back Crimea, than Putin will absorb Kharkov, Luhansk, Doneck, Odessa and Transdniestria.
  • #14,990
  • Aug 21, 2014 8:50am Aug 21, 2014 8:50am
Putin should have bought cheaper gold
Thathwamasi
  • #14,991
  • Aug 21, 2014 9:12am Aug 21, 2014 9:12am
Quoting Ck87
I'm actually starting to think we may go back to that 1240 level… It just looks that ugly. I've been firmly bearish on gold for a while now but the up moves get even me a bit excited for a semi-bull run. Seasonals may come into play in the next few weeks but as long as the fact remains that most people are long and are not covering/turning bearish then the highest % trades will remain to short. {image}
This was the most troubling thing the past week... From 1320 to all the way down to these levels the sentiment is still 80% long...


As the count was invalidated yesterday; we have to go back to the old numbers of 1277, 1260, 1252 to hold...

*Must watch out todays daily close; a bounce back above 61.8 fib level could be a bullish sign.*
  • #14,992
  • Edited 9:50am Aug 21, 2014 9:38am | Edited 9:50am
Hello to everyone. I'm a new member here. Let me see if my first opinion makes any sense to anyone...

Looking at the current overall picture created by the US data released some while ago I, feel the skepticism about Fed Rate hike may pick up and that may in-turn start pushing the gold down. Moreover, demand for gold in India is expected to be low owing to the less agricultural income due to below par rainfall.

Does the above make any sense ??
  • #14,993
  • Aug 21, 2014 9:42am Aug 21, 2014 9:42am
Quoting fortunesaga
This may sound like a silly question from ignorant trader: How deep down do you, - that have gained some knowledge and skills - think Gold will go down today or tomorrow? Do you think it is likely it will go far below 1273?
Looking at a daily I can see the next level of support around the 1250ish mark..I am happy to run my position for a few days if it hits that...if it doesn't my trailing stop loss will make me my original profit target
  • #14,994
  • Aug 21, 2014 10:08am Aug 21, 2014 10:08am
Quoting ClockTrader
{quote} Pretty close to what I'm thinking. 100% of my VSA calculus is based on such PA. IF this is indeed the bottom (1260-70 range), the price should travel sideways for 2-4 working days, like I said earlier 5 - 10 $s up / down, needs to consolidate.
@ClockTrader I'm very interested in your strategy. I'm a newbie, so forgive me if I ask some stupid questions. The questions are How many indicators do you use in VSA and What are they ? ....Do you use indicators like BetterVolume, just only Tick Volume, or else ?

Thank you for your consideration and sorry for my bad English
  • #14,995
  • Aug 21, 2014 11:07am Aug 21, 2014 11:07am
Only Better Volume for VSA these days on TFs: M15, M30, H1. Watch H4 and Daily for cues. Your English is fine.


Quoting Darkey
{quote} @ClockTrader I'm very interested in your strategy. I'm a newbie, so forgive me if I ask some stupid questions. The questions are How many indicators do you use in VSA and What are they ? ....Do you use indicators like BetterVolume, just only Tick Volume, or else ? Thank you for your consideration and sorry for my bad English
Hello World!
  • #14,996
  • Aug 21, 2014 11:07am Aug 21, 2014 11:07am
Quoting blackhat
{quote} Good point I agree with the sideways, The trend reversal is just a posibility and often it does not happen. If this is a down trend I would be suprised though that we do not have a retrace up to 1287. The price should first trade up to where New York boys were loading their orders so they get in the last downtrend...
Yea, I got only 10 longs by far, plan to add if it continues to bottom out on VSA M15, M30 and H1
Hello World!
  • #14,997
  • Aug 21, 2014 11:11am Aug 21, 2014 11:11am
if anyone trade futures on Gold..what months is for futures for gold..September or October??
  • #14,998
  • Aug 21, 2014 11:20am Aug 21, 2014 11:20am
guys sorry for the question, anyone whith this trend where the gold will reach to TP?
maybe 1270?
  • #14,999
  • Aug 21, 2014 11:21am Aug 21, 2014 11:21am
Quoting capetown
if anyone trade futures on Gold..what months is for futures for gold..September or October??
I had some leftover long contracts in Gold, started adding Nov expiry futures in the last few days (in INdia). I can add contracts that would expire up to Apr-2015
Hello World!
  • #15,000
  • Aug 21, 2014 11:26am Aug 21, 2014 11:26am
Quoting ClockTrader
{quote} I had some leftover long contracts in Gold, started adding Nov expiry futures in the last few days (in INdia). I can add contracts that would expire up to Apr-2015

How are you clocktrader,yday around same time was mentioning about 1288 to get broken now we are about to break todays low of 1274. hail $ strength!
Scoobi doobi doo
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