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Only Gold!

  • #15,121
  • Aug 25, 2014 6:43am Aug 25, 2014 6:43am
Quoting blackhat
{quote} I think that there is an important difference of a stop hunt by the broker who is taking the other side of the trade and wants your money..or a stop loss hunt by one of the big banks loading up their positions and seeking liquidity. When I look at the CME DEC 2014 contract low it is still at 1276.1 http://www.cmegroup.com/trading/meta...ious/gold.html The low at FXPRIMUS was 1267.07..that is almost 9 dollar difference. . Must be because of the technical issue at the CME http://www.zerohedge.com/news/2014-0...r-jpy-weakness...
Brokers want to snatch traders' money and they succeed, thats how I see it.
Hello World!
  • #15,122
  • Edited 8:08am Aug 25, 2014 7:54am | Edited 8:08am
My TP didn't hit by less than 0.5 pips. BE out. A lot of profit taking were at that level...
If I were in front of the computer, I would have been out with 20+.
Anyway, it was very much predictable scalping trade for 25 - 30 pips. It happens again and again.
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For 4H traders, the following may be noticeable. Potential long opportunity for 50 to 60 pips...
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,123
  • Aug 25, 2014 8:10am Aug 25, 2014 8:10am
Quoting heispark
My TP didn't hit by less than 0.5 pips. BE out. A lot of profit taking were at that level... If I were in front of the computer, I would have been out with 20+. Anyway, it was very much predictable scalping trade for 25 - 30 pips. It happens again and again. {image} For 4H traders, the following may be noticeable. Potential long opportunity for 50 to 60 pips... {image}
Interesting, should I assume you are counting 10 pips in one dollar?
Hello World!
  • #15,124
  • Aug 25, 2014 8:30am Aug 25, 2014 8:30am
Quoting heispark
{quote} Hi, I use the following indi for support: http://www.forexfactory.com/showthre...45#post6839445 And the arrow indi came from the following thread: http://www.forexfactory.com/showthre...90#post7375890 Thanks. Have nice pips!
han

Thanks mate.
Just got back, will look into it.

Quoting ClockTrader
{quote} Interesting, should I assume you are counting 10 pips in one dollar?
I do count 10pips to a dollar, thats just how my broker does it thou.
  • #15,125
  • Aug 25, 2014 8:41am Aug 25, 2014 8:41am
Quoting ClockTrader
{quote} Interesting, should I assume you are counting 10 pips in one dollar?
Yes, sort of..
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,126
  • Aug 25, 2014 10:18am Aug 25, 2014 10:18am
New Home Sales proved favourable for appreciation of the stubborn metal over an hour ago and what happens?.....it drifts in the opposite direction! This vagary is hard to take and resembles being waylaid ie daylight robbery. I have got to find better ways of protection against a market that is incresingly unpredictable.
  • #15,127
  • Aug 25, 2014 10:52am Aug 25, 2014 10:52am
Do you think now that the gold will only fall down for the next 4 hours? It is possible to reach 1272?
  • #15,128
  • Aug 25, 2014 1:34pm Aug 25, 2014 1:34pm
Quoting Nasim
Do you think now that the gold will only fall down for the next 4 hours? It is possible to reach 1272?
I don 't suppose that there has been strongly resist 1276-1277 like a impregnable fortress?!!!
  • #15,129
  • Aug 25, 2014 1:47pm Aug 25, 2014 1:47pm
Quoting Steve J
New Home Sales proved favourable for appreciation of the stubborn metal over an hour ago and what happens?.....it drifts in the opposite direction! This vagary is hard to take and resembles being waylaid ie daylight robbery. I have got to find better ways of protection against a market that is incresingly unpredictable.
How long you trading gold,,,?
Thathwamasi
  • #15,130
  • Aug 25, 2014 2:14pm Aug 25, 2014 2:14pm
Long enough to know that gold does what it wants when it wants. Lately the situation has worsened in the stubborn metal moving with alacrity in the opposite direction to the financial market result! After the USA results, instead of appreciating good ol' gold nearly reached its lowest value for the day. The aroma of manipulation is thick in the air. Now I have to devise a better strategy to counter it.
  • #15,131
  • Aug 25, 2014 2:48pm Aug 25, 2014 2:48pm
closed long .05 Silver at 19.38 tp=Pivot
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  • #15,132
  • Aug 25, 2014 4:43pm Aug 25, 2014 4:43pm
Not usual time to trade for me but if I were awake I would have taken it at open of 22:40 candle (GMT+0). Another good example of easy +25 scalping:
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It simply repeats again and again...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,133
  • Aug 25, 2014 4:54pm Aug 25, 2014 4:54pm
Quoting heispark
It simply repeats again and again...
MarginTrader All Time Return: na
  • #15,134
  • Aug 25, 2014 5:48pm Aug 25, 2014 5:48pm
Quoting ClockTrader
{quote} Brokers want to snatch traders' money and they succeed, thats how I see it.
yup up or limit the gain. See gold going to 1345+. This was good signal.
  • #15,135
  • Aug 25, 2014 6:00pm Aug 25, 2014 6:00pm
Quoting ClockTrader
In near future, as soon as I get time, maybe very soon, I am going to write an article on how to trade / invest in Gold without SL 100% safely.
I have learned a lot from you ClockTrader by reading your posts here. Because I am such a newbie I do not understand everything written here on this thread, but what I have understood has helped me. I really look forward to reading your article. I appreciate you are going to do this.
  • #15,136
  • Aug 25, 2014 7:47pm Aug 25, 2014 7:47pm
Hi guy.

I am new in gold. And here is som point of my view.

what do u guy think ? Any recommend is welcome

The sell zone that i target may be wrong , but i believe that the price could able to drop down 1254

and continued to the higher price again

thank you.
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Learning and Learing
  • #15,137
  • Aug 25, 2014 10:22pm Aug 25, 2014 10:22pm
Supports and resistances:
1296
1292
1283
1278.45 Last
1270
1266
1259

Pivot: 1283
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  • #15,138
  • Aug 25, 2014 10:23pm Aug 25, 2014 10:23pm
Quoting pladee
Hi guy. I am new in gold. And here is som point of my view. what do u guy think ? Any recommend is welcome The sell zone that i target may be wrong , but i believe that the price could able to drop down 1254 and continued to the higher price again thank you. {image}

Anything is possible, but there are signs that Gold has likely bottomed in the short term. The thieves that control these markets did a good job of getting people hyped up for an up move and then crushing them with the sell off we've seen. A move into the mid 1300's, or at least 1300, seems to be in the cards. At first we may go lower to the 1250-1260 region as you've pointed out….. None of us know for sure.


I'm expecting a move higher once all this settles, and then people to once again get crushed on the long side, sometime in October-November.
  • #15,139
  • Aug 25, 2014 10:55pm Aug 25, 2014 10:55pm
I"m looking at this 240 chart and thinking this has the opportunity to be giant secondary low inverse head and shoulders for a big move up...some near term price patterns on the 30 min helps this bullish view. Don't like the triangle that has formed suggest a stop run wave 5 maybe towards 1272 then sharp reversal, until we can break up through this triangle formation have to respect the downside momentum of the prior leg down. Not sure what the catalyst will be to spark the move up in gold...maybe it's the 2000 SnP all time high profit taking. Hope a few different looks here helps put this current price action in perspective. Good trading all.
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  • #15,140
  • Aug 25, 2014 11:03pm Aug 25, 2014 11:03pm
This is how my SLs are setup using DCB. The SLs on the lower side are red SLs, more of testing I would say as I don't expect this to go to 1270 today. On the upper side 1285 is GREEN SL. I expect the air to get spiky going forward this week once it begins to show fair PA.
Attached Images
Hello World!
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