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  • #15,181
  • Aug 26, 2014 3:56am Aug 26, 2014 3:56am
Quoting blackhat
{quote} def. crucial point. 1290 / 1292 is where the New York price closed on the 20th before the last leg down outside of New York time. I am long from 1276 and 1280 .will keep my longs until 1346 ish ..o will get stopped out at 1972.
stopped out at 1272 that is..not 1972
  • #15,182
  • Aug 26, 2014 4:15am Aug 26, 2014 4:15am
Quoting blackhat
{quote} def. crucial point. 1290 / 1292 is where the New York price closed on the 20th before the last leg down outside of New York time. I am long from 1276 and 1280 .will keep my longs until 1346 ish ..o will get stopped out at 1972.
I have a couple of longs from same region. Will TP at the 1293 region on one and will let the other run LT. Will prob B.E. if PA re-enters the last couple of days consolidation.

GL.
As the lights go by so too do the shadows move
  • #15,183
  • Aug 26, 2014 4:26am Aug 26, 2014 4:26am
Quoting KiwiOz
Long on Gold n silver. Could this be the start of a major move North.?? Your long awaited annual (long on gold) may have started CT. {image}

With the dollar so overbought and markets so overbought short term, it's very possible this gold rally gets some legs for a bit.
  • #15,184
  • Aug 26, 2014 6:24am Aug 26, 2014 6:24am
GREEN SL @ 1271 for 9 longs below 1260
and light red SL @ 1271 for 4 longs lying @ 1280

AVERAGE: DARK GREEN SL

1271 holds the key and I'm very hopeful this level shall survive.

Going forward, I shall re-shuffle the SLs in the next Asian session.
Hello World!
  • #15,185
  • Aug 26, 2014 6:54am Aug 26, 2014 6:54am
dear folks,

I am also in with long, unfortunately @ 1290 with 0,1 and TP @ 1293.
And also on short @ 1287 with 0,1 but with no TP, my iPhone is Open, so I can look at the market.

Yesterday I got some Buy Limit at 1275 with a TP @ 1283 which was at 6:33h german time..
but many a little makes a mickle.

I think first it will be give some adjustment befor it goes to 1293+ , 1297, 1303.
but u never know..

cheers,
hurakan
  • #15,186
  • Aug 26, 2014 7:02am Aug 26, 2014 7:02am
I dont see gold going down any more in the coming week ( 1280 will be lowest) . Mainly because what yesterday S&P 500 touched was something way behind his level. Elliot wave and RSI(14) shows that s&p market is overbought and i expect it to fall from 2010 region to 1980es region , as soon as it will fall the safe heaven concept will come in play and buying of gold will increase. Moreover the leader of s&p APPLE is at its highest peak and a certain fall of 6 - 8 $ can be seen pretty soon. the geopolitical situation is neither the best like foleys murder, ukr-russia , ISIS seizing airports , Argentina bonds issue still there and above all gold is still over sold shows me that we can go bull till 1308 region soon ..

I opened my long at 1277.2 with 16 oz and sold those at 1289.9 now will go long from 1283 and accumulate my longs till 1280 region and will be aiming for 1300... GOODLUCK TRADERS
  • #15,187
  • Aug 26, 2014 7:44am Aug 26, 2014 7:44am
this is how i see it,

following the selling climax marked in the chart below and a retest with low volume i decided to enter long to ride the recovery and will watch the volume closely to exit, i expect this recovery to be sort of limited and with fundamental outlooks being the same i remain bearish in the near term, also its worth to mention that CFTC report shows that money managers reduced their long positions.

I will start looking for long term long positions after the first rate hike, or if the hike is delayed long enough we might see panic selling in equities caused by the belief that the economy did not recover as expected which is the perfect time to start building long positions.
Attached Image (click to enlarge)
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I recommend you read something else as this sentence is now concluded.
  • #15,188
  • Aug 26, 2014 7:45am Aug 26, 2014 7:45am
Quoting tamoor68
I dont see gold going down any more in the coming week ( 1280 will be lowest) . Mainly because what yesterday S&P 500 touched was something way behind his level. Elliot wave and RSI(14) shows that s&p market is overbought and i expect it to fall from 2010 region to 1980es region , as soon as it will fall the safe heaven concept will come in play and buying of gold will increase. Moreover the leader of s&p APPLE is at its highest peak and a certain fall of 6 - 8 $ can be seen pretty soon. the geopolitical situation is neither the best like foleys...
thanks for the information, things you said Make sense. Hope it will break 1300.
  • #15,189
  • Aug 26, 2014 8:04am Aug 26, 2014 8:04am
Quoting goldstreet
{quote} thanks for the information, things you said Make sense. Hope it will break 1300.

yes i agree..i hope it breaks 1300.. if it breaks 1296 then i think 1302 will be its next destination
  • #15,190
  • Aug 26, 2014 8:24am Aug 26, 2014 8:24am
Quoting drunkeyez302
{quote} yes i agree..i hope it breaks 1300.. if it breaks 1296 then i think 1302 will be its next destination
It does but remember its a long term process so we surely should have sleeping pills with us
  • #15,191
  • Aug 26, 2014 9:40am Aug 26, 2014 9:40am
A nice bottom out on VSA-M15 and a small one on M30 (H1 is best, but, not there, not required either)

I think its time to add longs.... around 12 pm NY or in the next Asian session. Longs look good to me....
Hello World!
  • #15,192
  • Aug 26, 2014 9:50am Aug 26, 2014 9:50am
Quoting ClockTrader
A nice bottom out on VSA-M15 and a small one on M30 (H1 is best, but, not there, not required either) I think its time to add longs.... around 12 pm NY or in the next Asian session. Longs look good to me....
I recommend you read something else as this sentence is now concluded.
  • #15,193
  • Aug 26, 2014 10:06am Aug 26, 2014 10:06am
M30 TF is very bearish, what does a bottom out look like?
  • #15,194
  • Aug 26, 2014 10:09am Aug 26, 2014 10:09am
Quoting Karpa
M30 TF is very bearish, what does a bottom out look like?
When price falls like lightning speed, as if its set to hit SLs, its like too desperate..

Such PA draws colored lines in the indi. If the spread is nice, couple it with a key hr and you could try a long or short based on your analysis. Practice VSA for 6 - 12 months and you'll know what I mean.
Hello World!
  • #15,195
  • Aug 26, 2014 10:13am Aug 26, 2014 10:13am
Quoting Karpa
M30 TF is very bearish, what does a bottom out look like?
in a down move, a sudden spike in volume on wide bearish bar with next bar level, this indicates support, i added another long on 1283 and will close it when it test 1290 again, which i expect to happen tomorrow.

what im expecting is that price will float higher during asia and will spike to test 1290 around NY open, will keep small portion of longs open.
I recommend you read something else as this sentence is now concluded.
  • #15,196
  • Aug 26, 2014 10:19am Aug 26, 2014 10:19am
Thanks
  • #15,197
  • Aug 26, 2014 10:42am Aug 26, 2014 10:42am
Added 2 longs, time to call it a day, quite a day it was!

NET: 24 longs, IF it falls below 1271, 13 longs will blow up in GREEN, thus reducing the pain of fall.
Hello World!
  • #15,198
  • Aug 26, 2014 11:25am Aug 26, 2014 11:25am
Closed my short from 1287.56 at 1283.52 total of 4$ profit
Senior Trader Multi-Account Manager
  • #15,199
  • Aug 26, 2014 12:37pm Aug 26, 2014 12:37pm
Quoting lorix
Closed my short from 1287.56 at 1283.52 total of 4$ profit
Good stuff boss!
  • #15,200
  • Aug 26, 2014 1:37pm Aug 26, 2014 1:37pm
hi all,

support at 1270,00 ....
intra day nice long for short term...

cheers
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