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Only Gold!

  • #15,961
  • Sep 11, 2014 10:06pm Sep 11, 2014 10:06pm
The worse is yet to come.. and guess what? The worst is yet to come too.... IMHO!

PS: Only deviation could be a small bounce, may or may not occur during this rally.
Hello World!
  • #15,962
  • Sep 11, 2014 10:15pm Sep 11, 2014 10:15pm
Quoting ClockTrader
The worse is yet to come.. and guess what? The worst is yet to come too.... IMHO! PS: Only deviation could be a small bounce, may or may not occur during this rally.
Yer my bounce system for this time of day is working off a MA so the longer it takes the smaller it gets following the bear trend. I have 1234.8 as a strong resistance and the break in silver will be a strong level to get above too.
As the lights go by so too do the shadows move
  • #15,963
  • Sep 11, 2014 10:16pm Sep 11, 2014 10:16pm
Looks like we have confirmation of the 1241.5 break, but there wasn't going to be any other way given the lack of capitulation. I'm sure those same bulls who bought all the way down are still buying, these guys will be slaughtered.
"Where you want to be is always in control, never wishing, always trading.
  • #15,964
  • Sep 11, 2014 10:19pm Sep 11, 2014 10:19pm
Quoting Matts Micro
Caution bulls, the Silver break can not be ignored imo.
Massive bear flag breakdown on silver, we might see a very sharp decline very soon.
"Where you want to be is always in control, never wishing, always trading.
  • #15,965
  • Sep 11, 2014 10:29pm Sep 11, 2014 10:29pm
Quoting Matts Micro
{quote} Yer my bounce system for this time of day is working off a MA so the longer it takes the smaller it gets following the bear trend. I have 1234.8 as a strong resistance and the break in silver will be a strong level to get above too.
What looks like a nice bottom even on a daily chart right now may look like a nice top after a week. The situation is too dire to trade in any direction.
Hello World!
  • #15,966
  • Sep 11, 2014 10:37pm Sep 11, 2014 10:37pm
Around 1200 is the next support. IMHO. this is really a bad week. Wish next week will be better.
  • #15,967
  • Sep 11, 2014 10:45pm Sep 11, 2014 10:45pm
Quoting ClockTrader
{quote} What looks like a nice bottom even on a daily chart right now may look like a nice top after a week. The situation is too dire to trade in any direction.
Very true especially with the volatility of Gold. Technically speaking I am looking at a LL of around 1215 before the bulls come back on board in seriousness, imo going below this level will start looking scary at a further collapse. Watching around 1241 for any challenges back to the topside in the st.

As with all trading, need to be prepared for any outcome- up, down and even sidewards.

Falling MA now at 1236, still not satisfied for a new low yet.
As the lights go by so too do the shadows move
  • #15,968
  • Edited 11:12pm Sep 11, 2014 11:01pm | Edited 11:12pm
unless its a false breakout it appears 1240 will become a resistance level ......1180-1200 is the next demand zone...tighten the seat belt please...
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learn and earn from the ups and downs...of life.
  • #15,969
  • Sep 12, 2014 12:05am Sep 12, 2014 12:05am
Quoting Matts Micro
{quote} Yer my bounce system for this time of day is working off a MA so the longer it takes the smaller it gets following the bear trend. I have 1234.8 as a strong resistance and the break in silver will be a strong level to get above too.
Condition met for a new LL @1234.3, it brought the MA to it rather than moving up. Still this st bull move may go higher with the break of the 5 hr falling TL.
As the lights go by so too do the shadows move
  • #15,970
  • Sep 12, 2014 12:23am Sep 12, 2014 12:23am
Quoting Matts Micro
{quote} Condition met for a new LL @1234.3, it brought the MA to it rather than moving up. Still this st bull move may go higher with the break of the 5 hr falling TL.
Also Silver has a couple of hourly pin bars that could challenge the BO.
As the lights go by so too do the shadows move
  • #15,971
  • Sep 12, 2014 12:41am Sep 12, 2014 12:41am
Quoting caiyuan
Around 1200 is the next support. IMHO. this is really a bad week. Wish next week will be better.
I would feel lucky if it bottoms out for this season above 1200

On other note, if this could go sideways for a few working days, that would be relieving too.
Hello World!
  • #15,972
  • Sep 12, 2014 12:52am Sep 12, 2014 12:52am
Quoting ClockTrader
{quote} I would feel lucky if it bottoms out for this season above 1200 On other note, if this could go sideways for a few working days, that would be relieving too.
I would bet it might go sideways on silver at least. It is really at lowest low soon for several years. Very interesting times. Might create a bullish signal end of the day close, thats what I belive.
  • #15,973
  • Sep 12, 2014 1:00am Sep 12, 2014 1:00am
Downtrend lines steepening.
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"Where you want to be is always in control, never wishing, always trading.
  • #15,974
  • Sep 12, 2014 1:37am Sep 12, 2014 1:37am
Quoting caiyuan
Around 1200 is the next support. IMHO. this is really a bad week. Wish next week will be better.
kkkkkkkkk,i`m at two weeks now put shorts till 1200.stop loss at 1280,till end of the month,..wend i will close on loss or tp...
all times learnning
  • #15,975
  • Sep 12, 2014 1:44am Sep 12, 2014 1:44am
If it goes much above 1239-40 I will start looking for confirmation for a swing trade.
As the lights go by so too do the shadows move
  • #15,976
  • Sep 12, 2014 2:03am Sep 12, 2014 2:03am
Good Morning !

Today's S/R Levels on MT4 Templates

EURO
CABLE
AUDUSD
EURJPY
S&P 500
GOLD

http://www.forexfactory.com/showthre...23#post7734323

EURO PINK
CABLE PINK
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #15,977
  • Sep 12, 2014 2:53am Sep 12, 2014 2:53am
hi guys, i want your thoughts about picking good ecn broker!!
Investing is SIMPLE but NOT EASY
  • #15,978
  • Sep 12, 2014 2:55am Sep 12, 2014 2:55am
Awaiting pull back on M30 to 138.6 level or thereabouts to enter first short trade today
  • #15,979
  • Sep 12, 2014 2:56am Sep 12, 2014 2:56am
Quoting Landline
Awaiting pull back on M30 to 138.6 level or thereabouts to enter first short trade today
Sorry, that should have read 1238.6
  • #15,980
  • Sep 12, 2014 3:01am Sep 12, 2014 3:01am
Quoting Landline
{quote} Sorry, that should have read 1238.6
Set up now invalid...awaiting next one
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