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Only Gold!

  • #15,661
  • Sep 4, 2014 9:38am Sep 4, 2014 9:38am
Closed my short @ 1269.28 (",)
Senior Trader Multi-Account Manager
  • #15,662
  • Sep 4, 2014 9:53am Sep 4, 2014 9:53am
Quoting Mike.Ngere
Anyone know why Gold spiked upwards? Placed a short at 1,275, TP 1265, SL 1,285.
Closed my short at 1,268. Added a sell entry at 1,275.
  • #15,663
  • Sep 4, 2014 10:25am Sep 4, 2014 10:25am
Quoting trendsbhatti
hi all any body having idea .... why usd index rose too high today? plz comment
Euro weakness, ECB eased again today.

Gold is actually incredibly resilient today, considering how strong the DXY is.
"Where you want to be is always in control, never wishing, always trading.
  • #15,664
  • Sep 4, 2014 12:19pm Sep 4, 2014 12:19pm
Done for the week:

508 pips profit
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  • #15,665
  • Sep 4, 2014 12:33pm Sep 4, 2014 12:33pm
NFP tmw ?
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  • #15,666
  • Sep 4, 2014 12:35pm Sep 4, 2014 12:35pm
schematics signing off.. i hope everybody have a GREEN day today...

Open two shorts. 1274 and 1272... i might close the two later today..
  • #15,667
  • Sep 4, 2014 5:34pm Sep 4, 2014 5:34pm
Quoting Ck87
Seeing possibility of new lows soon…. hardcore dollar strength is either gonna make or break it soon.. could spike up too with current turmoil, who knows

Welp, that's all she wrote 1258 now be 1250 in no time.. maybe lower than 1240 by tomorrow

They did make a nice little fake out to the upside though to 1275+.. tricky thief bankers.
  • #15,668
  • Sep 4, 2014 5:44pm Sep 4, 2014 5:44pm
Do you opinion sell now from 1258.5 to 1240

or waiting correction up ?
  • #15,669
  • Sep 4, 2014 5:48pm Sep 4, 2014 5:48pm
Quoting bo7anon
Do you opinion sell now from 1258.5 to 1240 or waiting correction up ?

It's tough to sell at this second after all this selling. Certainly see 1250 or lower coming in the next 12 hours though , they're not done slaughtering. You're going to have to make the decision to sell or sit on sidelines for yourself though, don't ever listen to anyone.
  • #15,670
  • Sep 4, 2014 5:49pm Sep 4, 2014 5:49pm
Quoting Ck87
{quote} Welp, that's all she wrote 1258 now be 1250 in no time.. maybe lower than 1240 by tomorrow They did make a nice little fake out to the upside though to 1275+.. tricky thief bankers.
That was probably just a retest of the triangle breakout resistance.
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"Where you want to be is always in control, never wishing, always trading.
  • #15,671
  • Edited 6:59pm Sep 4, 2014 6:27pm | Edited 6:59pm
What is the general opinion - among those who have some experience and knowledge - regarding the coming NFP?
Will the Non-Farm Employment Change (and Unemployment Rate) make the USD even stronger than it already is? Then the Gold price would go further down.

Or is there some hope that the coming NFP will weaken the USD? Then the Gold price would go up.
Does anybody know if one direction is considered more likely to happen than the other direction?

I know anything can happen, but I am just wondering if experts expect one direction rather than other.
  • #15,672
  • Sep 4, 2014 9:27pm Sep 4, 2014 9:27pm
Quoting fortunesaga
What is the general opinion - among those who have some experience and knowledge - regarding the coming NFP? Will the Non-Farm Employment Change (and Unemployment Rate) make the USD even stronger than it already is? Then the Gold price would go further down. Or is there some hope that the coming NFP will weaken the USD? Then the Gold price would go up. Does anybody know if one direction is considered more likely to happen than the other direction? I know anything can happen, but I am just wondering if experts expect one direction rather than other....
Just a opinon..

Strong /positive economic data, makes US equities more desirable to be invested instead of Gold. This month gold are getting hit. Worse case senarion if NFP comes positive data, gold definately will be high selling pressure zone.

But things can be turn around for gold if there sudden geo political issue heated up eg ukraine crisses with NATO become intensified & with US involved direct conflict with ISIS in the middle east.

i find that There's oportunity to scalp gold in thin trading in september..
  • #15,673
  • Sep 4, 2014 10:59pm Sep 4, 2014 10:59pm
Quoting bonnzi
{quote} 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
Well, on a broad level my view is bearish right now, still wishing a bounce, if it occurs, even around 80ish I'd like to hedge 1/3 of the longs. Otherwise I think I'm going to watch the show. Stay low, calm and patient this month, don't have any other option.

Preparing myself for a possible huge free fall ahead this month.

PS: NET 14 longs.
Hello World!
  • #15,674
  • Sep 5, 2014 2:25am Sep 5, 2014 2:25am
Good Morning!
Today's S/R Levels on MT4 Templates

S&P 500
GOLD

Other Pairs : http://www.forexfactory.com/showthre...13#post7718813
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #15,675
  • Sep 5, 2014 2:48am Sep 5, 2014 2:48am
Quoting Mave
{quote} The blue lines start/end at the open and close of positions? Or is it a divergence(-ve chances on this one)? nice trades Trader. you can't be looking at 1h chart to take those trades
Yes, blue lines are short trades.. I'm looking in to all TF's when trading - from monthly to 1 minute.. Closing/opening levels of what ever time period I completely ignore, entry/exit points of the market movers is what I'm interested in.
69
  • #15,676
  • Edited 4:06am Sep 5, 2014 3:20am | Edited 4:06am
IF 1257 is a low and a low of wave (2) started from 10Jul2014, then we will see an impulse wave (3) advancing in 5 waves towards 1.6182 x (1) near 1426.
What are other indicators telling?
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Elliott Wave for optimum entry, exit and risk management of trades
  • #15,677
  • Sep 5, 2014 3:44am Sep 5, 2014 3:44am
entered long at 1263.8,looking for 1272 by EOD
  • #15,678
  • Edited 4:17am Sep 5, 2014 3:57am | Edited 4:17am
Quoting aneesh12shar
entered long at 1263.8,looking for 1272 by EOD
please explain the reason for that - I mean why you go against the trend?
  • #15,679
  • Sep 5, 2014 4:01am Sep 5, 2014 4:01am
1258 IS DECIDING POINT FOR ME WE CAN BUY THR WITH SL OF 1255 TGT IS ON CHART

https://www.sendspace.com/file/fsdlcs
  • #15,680
  • Sep 5, 2014 4:37am Sep 5, 2014 4:37am
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