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Only Gold!

  • #15,621
  • Sep 3, 2014 8:53am Sep 3, 2014 8:53am
Success Gartley Pattern

Buy 1266 SL 1262 TP $1300
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  • #15,622
  • Sep 3, 2014 9:43am Sep 3, 2014 9:43am
Fighting with bears, dont know how long i can withstand. Just added a short with s/l of 1275 and t/p of 1250. Am i on the track or any corrections are to be done. Suggest me folks.
  • #15,623
  • Sep 3, 2014 11:45am Sep 3, 2014 11:45am
now correction to 1272
or go down to 1258 ??
  • #15,624
  • Sep 3, 2014 1:23pm Sep 3, 2014 1:23pm
Quoting bo7anon
now correction to 1272 or go down to 1258 ??
Should touch 1275-80, than will see
  • #15,625
  • Sep 3, 2014 9:10pm Sep 3, 2014 9:10pm
Here are a few options for PA that I can see.

Firstly is a pullback to the 1278/80 BO region before PA continues with the BO and eventually breaking the lower TL.

Secondly is that it breaks the top of the 4hr falling wedge TL which imo would be a very bullish move due to the daily BO that would then be considered a FO giving momentum to the topside and correcting the oversold position.

Thirdly would be this pullback is "easy as it goes" creating a handle for the lt C&H formation for a further push on the downside.
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As the lights go by so too do the shadows move
  • #15,626
  • Edited 1:44am Sep 4, 2014 1:07am | Edited 1:44am
Still hold my short from 1263 and add another @ 1272
  • #15,627
  • Sep 4, 2014 1:11am Sep 4, 2014 1:11am
The fall in Gold was halted by the 61.8% fib level of the 1179-1391 retracement at $1260.
Profit taking took the price to the resistance which is at the bottom of the broken wedge around 1273.
Now hopefully we will see the price go down again and break the fib level to 1240 or lower.
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  • #15,628
  • Sep 4, 2014 2:25am Sep 4, 2014 2:25am
Good Morning!

Today's S/R levels on MT4 Templates


GOLD

Other pairs : http://www.forexfactory.com/showthre...28#post7715628
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #15,629
  • Sep 4, 2014 3:23am Sep 4, 2014 3:23am
Hello every one and good morning
Senior Trader Multi-Account Manager
  • #15,630
  • Sep 4, 2014 3:50am Sep 4, 2014 3:50am
Quoting lorix
Hello every one and good morning
good morning

its always quiet in here when gold is falling
  • #15,631
  • Sep 4, 2014 3:51am Sep 4, 2014 3:51am
Big day today, ECB rate decision and press conference should inject some much needed volatility into this market. Good luck everyone.
"Where you want to be is always in control, never wishing, always trading.
  • #15,632
  • Sep 4, 2014 3:51am Sep 4, 2014 3:51am
Quoting GreySkull
{quote} The golden season actually ended in 2010 years after "meltdown 2008"... similar to crude oil seasonality charts. if you see charts 2010 onwards by months, there're no more clear correlation between the months in 2011,2013 & 2014 (as off today) Moving forward, we cannot depend on past seasonal effect to forecast the future, as central banks around the world &big financial institution have heavily interfered & manipulated the free markets to avoid "too big to fail" in wall street. P.S - I to not trade based news as well.
The bull trend went dull and gloomy after 2011 seasonal peak out, regardless of that the seasons are there, not hunky and dory though. I would continue to stick to seasons as long as June and Jan keep showing bottom-out and peak-outs.
Hello World!
  • #15,633
  • Sep 4, 2014 3:53am Sep 4, 2014 3:53am
Quoting bonnzi
{quote} good morning its always quiet in here when gold is falling
Gold isn't falling today though, its higher today, for now at least.
"Where you want to be is always in control, never wishing, always trading.
  • #15,634
  • Sep 4, 2014 3:55am Sep 4, 2014 3:55am
Quoting goldstreet
{quote} so are we expecting some correction on gold back to 1280 maybe as no major news for US or further down more than 1265. What you thing guys?
As I've been saying, I'm expecting a bounce towards 1300 by the weekend, but, maybe the bounce is not as strong as expected and bears look much stronger. Needless to say my speculation went wrong.

Nevertheless, I expect the bounce to continue till the weekend. The bounce may turn out very week, therefore, I would like to hedge the longs as soon as I see a decent peakout on M30 - H1

PS: Floating P/L -11% (in red)
Hello World!
  • #15,635
  • Sep 4, 2014 3:59am Sep 4, 2014 3:59am
I am away on a small trip, not been as active in the past 24 hrs.
Hello World!
  • #15,636
  • Sep 4, 2014 4:06am Sep 4, 2014 4:06am
Quoting ClockTrader
I am away on a small trip, not been as active in the past 24 hrs.
Good for you And for the rest of us gold bulls out there i would suggest to keep calm and take your patience pills Hedge if necessary and protect your accounts
  • #15,637
  • Sep 4, 2014 5:41am Sep 4, 2014 5:41am
Quoting bonnzi
{quote} good morning its always quiet in here when gold is falling
lol yes
Senior Trader Multi-Account Manager
  • #15,638
  • Sep 4, 2014 5:57am Sep 4, 2014 5:57am
Quoting lorix
{quote} lol yes
Can you tell from your experience who long would it take for the strong USD to start hurting the us economy?
  • #15,639
  • Sep 4, 2014 6:00am Sep 4, 2014 6:00am
don't want to miss the bear train target 1255
  • #15,640
  • Sep 4, 2014 6:27am Sep 4, 2014 6:27am
Quoting bonnzi
{quote} Can you tell from your experience who long would it take for the strong USD to start hurting the us economy?
ok mate i have a view or this honestly i dont think $ is strong yet to reach the level that could hurt the economy i am not a fundamental guy and may lot of ppl dont like the sound of what i am saying (( I dont believe in fundamentals news and this cuz it could be so manipulated )) for example few years ago
when the oil was heading to the 150 zone and then fall to 35 in like no time , when the price was going up breaking new highs it was enough for the news to ex-plane it as there is tow engineers where kidnapped in nigeria ..... Any way the ppl that stand behind the usa eco are smart ass's and know how take every pens and dollar from our pockets so need to by smarts to know how to hedge the difference's we are living everyday.. so if we back to the USDIX chart on the monthly bases you can see the clear break out for the don trend from last month so as long as the USDIX is under the 94.82 dont ever think it would effect on the economy in a any bad way and believe that we will see a vey good numbers in the coming future to support this ona strong dollar ... hope i could answer you ('',)
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