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Only Gold!

  • #15,901
  • Sep 11, 2014 7:15am Sep 11, 2014 7:15am
Good Afternoon !

Today's S/R Levels on MT4 Templates & Squawk recording

EURO
CABLE
S&P 500
GOLD

Squawk Recording (MP3 - 3MB)

http://www.forexfactory.com/showthre...14#post7731114

EURO PINK
CABLE PINK
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #15,902
  • Sep 11, 2014 7:37am Sep 11, 2014 7:37am
Quoting Landline
If you put a 15 sma on your 30 min chart, then where they intersect wont be a bad place to tp btw...good luck
Thanks Landline, probably good advice.

Got out though because I was scared Decent wage though.

bad news and gold spikes, then down again... no surprise there.. lol.
Corripe Cervisiam!
  • #15,903
  • Sep 11, 2014 7:43am Sep 11, 2014 7:43am
Quoting aeternum
{quote} Lol, yes. You are right. But I was never following his "strategy" or any of whatever you mentioned. I was just trying to gain knowledge on what he does. You have awesome interpretation skills for a trader.
I was not referring to you in particular cause neither i know nor i care whether you are following his strategy or not. But i am sure that there are people who are.
And honestly i dont get this. If a newbie has read at least one book about forex he must know that it usually starts with the bla bla talk about the zero sum game, outsmarting the smartest gays in the room, etc. So how do we plan to achieve this "outsmarting of the smartest gays"? By following somebody's strategy on the internet? Really? Are you fucking kidding me? Everyone has a head one his shoulders that must use in his best interest.
I am here to learn. I am reading most of the posts.If i consider some idea interesting i try it and add it to my newbie's arsenal if i dont, i move on.
Even if CT's golden seasons fail this year, we will still learn something valuable.
That is what i wanted to say.Not here to get into arguments. Its silly. Why should i bother to convince anyone about anything?

aeternum, pardon my ignorance but i did not get the part with the interpretation skills
  • #15,904
  • Sep 11, 2014 7:47am Sep 11, 2014 7:47am
Quoting paddlepip
{quote} Thanks Landline, probably good advice. Got out though because I was scared Decent wage though. bad news and gold spikes, then down again... no surprise there.. lol.
Are you sure my friend? ^^
  • #15,905
  • Sep 11, 2014 7:48am Sep 11, 2014 7:48am
Quoting paddlepip
{quote} Thanks Landline, probably good advice. Got out though because I was scared Decent wage though. bad news and gold spikes, then down again... no surprise there.. lol.
Thats ok....you made profit which you're satisfied with and thats our ojective after all said and done. Personally, I'll be taking my "wage at price and 15 sma intersect hopefully. But i do understand we all have different tolerance levels. Well played on your trade anyway
  • #15,906
  • Sep 11, 2014 7:52am Sep 11, 2014 7:52am
Quoting waleed.khan
{quote} Agreed. This is how I am seeing it right now. If price breaks the top dotted line then we could be in for a rally and the possible start for the 3rd impulse wave. However if price slips below then the entire impulse wave structure was wrong. https://www.tradingview.com/v/VovGcexT/ {image}

It is very important that we close above 1242-43 on the daily today...

If not then we will definitely see the low 1200's again.
  • #15,907
  • Sep 11, 2014 8:02am Sep 11, 2014 8:02am
Quoting KamilM
Are you sure my friend? ^^
lol.. no I'm not.

Most likely got out too early of course. Entered another small long as I think June resistence (1240) will be important and news was 'bad', the two combined might actually be good. Hoping she rises (it looks likely).

Landline

Thanks. Was sweating a bit I think your target looks very reasonable. will be exiting this small position around there too.

Looking promising!
Corripe Cervisiam!
  • #15,908
  • Sep 11, 2014 8:04am Sep 11, 2014 8:04am
Quoting Landline
{quote} Thats ok....you made profit which you're satisfied with and thats our ojective after all said and done. Personally, I'll be taking my "wage at price and 15 sma intersect hopefully. But i do understand we all have different tolerance levels. Well played on your trade anyway
My target now hit for a nice return via price and 15 SMA. Patience in a system and strategy often pays in the end!

Awaiting next opportunity now
  • #15,909
  • Sep 11, 2014 8:07am Sep 11, 2014 8:07am
Excellent timing. Good work sir!
Corripe Cervisiam!
  • #15,910
  • Sep 11, 2014 8:20am Sep 11, 2014 8:20am
Quoting waleed.khan
{quote} It is very important that we close above 1242-43 on the daily today... If not then we will definitely see the low 1200's again.
Not sure Silver can be ignored, we may already be past the point of no return.
As the lights go by so too do the shadows move
  • #15,911
  • Sep 11, 2014 8:23am Sep 11, 2014 8:23am
out of the 1240.2 long @1246.5.. decent green.. but im gonna need a whole lot more off them.. iv taken quite a beating in this fall..

Quoting waleed.khan
{quote} It is very important that we close above 1242-43 on the daily today... If not then we will definitely see the low 1200's again.
precisely !! a closing atleast above 1243 will probably save it from further crashing.. but a closing around 1250 is what might trigger the next rally.. which will be a small long rally.. say 1275-1280 probably the 50% fabbonacci
  • #15,912
  • Sep 11, 2014 8:32am Sep 11, 2014 8:32am
Quoting Matts Micro
{quote} Not sure Silver can be ignored, we may already be past the point of no return.
You may be right....the next several hours should provide some clues whether the strong support zone that we are currently in will be respected or not. A pin bar in the next day would certainly help us all if a daily trend reversal is in the offing. Til then. intraday signals on 30 and 60 min charts at least allows us to scrape a living on the smaller duration trades.
  • #15,913
  • Sep 11, 2014 9:27am Sep 11, 2014 9:27am
ookay nope bye bye 1240.. that now thats some respect gold showed you :/ 1225 vital people.. or i wouldnt bank against it targeting to shatter 1179
  • #15,914
  • Sep 11, 2014 9:29am Sep 11, 2014 9:29am
Gold 30 min chart is setting up again on my system for another short term buy opportunity. Its likely to be around the 1239.5 mark if and when primed for entry, S/L around 136, TP approx 1243.5. Its not set just right yet for me yet but its developing nicely so far, but may be another candle or two to go yet before exactly time to pull the trigger....I'll keep you posted when I fire if interested.
  • #15,915
  • Sep 11, 2014 9:31am Sep 11, 2014 9:31am
Quoting haider13
out of the 1240.2 long @1246.5.. decent green.. but im gonna need a whole lot more off them.. iv taken quite a beating in this fall.. {quote} precisely !! a closing atleast above 1243 will probably save it from further crashing.. but a closing around 1250 is what might trigger the next rally.. which will be a small long rally.. say 1275-1280 probably the 50% fabbonacci
Now its getting really serious.. 1235 touched.. Closing above 1242 is not very realistic now..But on the other hand the sh*t appears to me kinda oversold and for continuation to south retracement to 50ish is needed IMO
Everything is gonna be OK at the end. If its not OK Its not the end
  • #15,916
  • Sep 11, 2014 9:32am Sep 11, 2014 9:32am
Agreed Matts - silver copping a brutal lesson. It's percentage down for the day smashes anything else in the ball park
  • #15,917
  • Sep 11, 2014 9:32am Sep 11, 2014 9:32am
can anyone find a trend line suggesting this fall to stop anywhere or hold it somehow ? cuz i honestly cant.. iv tried two from 2008 and the latest one to break started back in july 2005 ! :/ nothings holding it back anymore
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  • #15,918
  • Sep 11, 2014 9:34am Sep 11, 2014 9:34am
Quoting haider13
can anyone find a trend line suggesting this fall to stop anywhere or hold it somehow ? cuz i honestly cant.. iv tried two from 2008 and the latest one to break started back in july 2005 ! :/ nothings holding it back anymore {image}
1180 is the next stop, and if this slow grind continues I think 1180 will not hold either.

The bulls are buying but they are getting slaughtered.
"Where you want to be is always in control, never wishing, always trading.
  • #15,919
  • Sep 11, 2014 9:36am Sep 11, 2014 9:36am
Quoting Spec_And
{quote} Entered a limit buy at 1225. Hoping this smashes thru 1241 and triggers a billion stops.
Cancelled the order.
"Where you want to be is always in control, never wishing, always trading.
  • #15,920
  • Sep 11, 2014 9:41am Sep 11, 2014 9:41am
Quoting Spec_And
{quote} 1180 is the next stop, and if this slow grind continues I think 1180 will not hold either. The bulls are buying but they are getting slaughtered.
I'm sure that i read somewhere earlier this year that the production cost of gold is around $1180 per ounce.
Surely, that must be about as low as it can go?

Any thoughts?
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