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Only Gold!

  • #15,381
  • Aug 29, 2014 3:28am Aug 29, 2014 3:28am
They all play us for fools
  • #15,382
  • Aug 29, 2014 3:44am Aug 29, 2014 3:44am
HotForex is the best Broker i have seen so far their stop out level is very good.. stop out hits on when your origional balance is zero.
  • #15,383
  • Aug 29, 2014 3:47am Aug 29, 2014 3:47am
crossed 1284..going to 1280-1279 now.. let see.. opened sell at 1284.
  • #15,384
  • Aug 29, 2014 3:50am Aug 29, 2014 3:50am
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Neural Network Algorithm and Econophysics
  • #15,385
  • Aug 29, 2014 3:53am Aug 29, 2014 3:53am
Quoting drunkeyez302
crossed 1284..going to 1280-1279 now.. let see.. opened sell at 1284.
Good luck
I am going to start building my longs now.

1284
1277
1272
1268
  • #15,386
  • Aug 29, 2014 4:15am Aug 29, 2014 4:15am
Quoting ClockTrader
I agree with those traders who think this is coming down, however, I believe after the fall, the price should bounce. This does make me concerned about the SLs I have @ 1277, that will only result in loss, minor though. I don't mind if it goes down to 1271 as that will result in nice profit realization. Rationals behind a bounce after fall: I believe we are inside a bounce rally and this ain't over yet.
It had it's chance to attack highs - consolidated for 24 hours and didnt made it.. There is a reason for this. As bullish reversal on biggest TF's is inevitable, this turnaround shouldnt happen easely, so LL (bellow 1240's) is highly probable.. STill, 1250/60 must be sorted out first and 1270's that you mentioned seems is going to give..
69
  • #15,387
  • Aug 29, 2014 5:04am Aug 29, 2014 5:04am
I have a feeling that I should buy gold. So here am buying from 1285.94 lets see if will make profit before the weekend.
  • #15,388
  • Aug 29, 2014 5:22am Aug 29, 2014 5:22am
Quoting goldstreet
I have a feeling that I should buy gold. So here am buying from 1285.94 lets see if will make profit before the weekend.
I got in on some of that action

Long @ 1286.2 with a tight SL@ 1283 and a TP @ 1290
  • #15,389
  • Aug 29, 2014 5:39am Aug 29, 2014 5:39am
Just took a glimpse at 1H chart.
I don't see gold going up today
If it continues to fall, it may stay above 1280
  • #15,390
  • Aug 29, 2014 5:42am Aug 29, 2014 5:42am
one thing to keep in mind today.. today is the lst trading day for silver futures september contract.. this usually makes the metal fall.. and we all know how silver actions have there impact on gold.. a low around 1280-82 will not surprise me.. and if it falls below 1279.. then thats where bears will have a grip on the game
  • #15,391
  • Aug 29, 2014 5:52am Aug 29, 2014 5:52am
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  • #15,392
  • Aug 29, 2014 6:01am Aug 29, 2014 6:01am
There is gap up around 1288 and also one at 1304 from start of the week .
  • #15,393
  • Aug 29, 2014 6:21am Aug 29, 2014 6:21am
It’s hard to herd cats, and it’s hard to track a lot of chart views.#keepin it simple
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  • #15,394
  • Aug 29, 2014 8:03am Aug 29, 2014 8:03am
Hourly Chart shows a gap at 1304 from the start of this week. Being the end of Month i would not be suprised to see this gap closed today . My 4 hourly chart shows it lining up to run to the upside to the gap.
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  • #15,395
  • Aug 29, 2014 9:10am Aug 29, 2014 9:10am
Gold is not bothered with US news. Still range of 1285-86 and feel like going higher. Maybe the effect of russia and Ukraine. Am still long on gold
  • #15,396
  • Aug 29, 2014 9:30am Aug 29, 2014 9:30am

  1. Next couple of hours interesting as Europe closes final trading day in August. Stretched USD positions make a Dollar sell-off possible.

  • #15,397
  • Aug 29, 2014 9:40am Aug 29, 2014 9:40am
Quoting Karpa
Just took a glimpse at 1H chart. I don't see gold going up today If it continues to fall, it may stay above 1280
Gold returns to opening price in spite of very good US numbers
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  • #15,398
  • Aug 29, 2014 9:56am Aug 29, 2014 9:56am
Note the Chicago PMI and Revised UoM Consumer Sentiment were favourable for the dollar. However, Gold surprisingly did the opposite of what was expected and appreciated by over 350 pips. The annoying thing is, this did not happen until a few minutes AFTER the results. So it is obvious that it is a reaction to the result but a manipulated one, designed to take out stop losses. No wonder some traders don't bother with SL.

Furthermore, the misleading statements made by some traders here, make it crystal clear that their analyses are pure educated guess work. So we have two unbalanced forces here. A motley selection of traders amongst which many give disinformation and the manipulated market. Man, it sure is hard to make a buck around here!
  • #15,399
  • Aug 29, 2014 10:02am Aug 29, 2014 10:02am
Few days back a senior member wished people here posted calls with some kind of analysis. Merely noise and similar stuff was too much on this thread, as per his view. I don't press people here to post charts and related stuff. I don't follow news and would not advocate following news for the very reason you quoted.

90% of charts are fancy, a trader can't make money consistently following trends on the charts. Yet to find a good trader who has been making money consistently by following news. While good fundamentals and inside stuff shall remain husshhhh husshhh stuff, I'm happy I shared Golden Seasons here.

Quoting Steve J
Note the Chicago PMI and Revised UoM Consumer Sentiment were favourable for the dollar. However, Gold surprisingly did the opposite of what was expected and appreciated by over 350 pips. The annoying thing is, this did not happen until a few minutes AFTER the results. So it is obvious that it is a reaction to the result but a manipulated one, designed to take out stop losses. No wonder some traders don't bother with SL. Furthermore, the misleading statements made by some traders here, make it crystal clear that their analyses are pure educated guess...
Hello World!
  • #15,400
  • Aug 29, 2014 10:05am Aug 29, 2014 10:05am
Quoting ClockTrader
I agree with those traders who think this is coming down, however, I believe after the fall, the price should bounce. This does make me concerned about the SLs I have @ 1277, that will only result in loss, minor though. I don't mind if it goes down to 1271 as that will result in nice profit realization. Rationals behind a bounce after fall: I believe we are inside a bounce rally and this ain't over yet.
Below is what I said in early Asian session:

I agree with those traders who think this is coming down, however, I believe after the fall, the price should bounce

My SLs @ 1271 and 1277 look safe for now.

Rationals behind a bounce after fall: I believe we are inside a bounce rally and this ain't over yet.
Hello World!
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