Only Gold! | Page 821 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #16,401
  • Sep 23, 2014 6:59am Sep 23, 2014 6:59am
A look at the inverse relationship between gold and the us dollar index

Is it time for a short to medium term bottom in gold...? Could the same be said for the dollar?

The stars seem to be indicating that...

Silver has also posted a rejection pinbar on the daily also...

Wait for a confirmation at today's close for the pattern to complete fully...

https://www.tradingview.com/v/HImxkffv/
  • #16,402
  • Sep 23, 2014 7:01am Sep 23, 2014 7:01am
Why havn't Silver Increased till now when Gold have reached $ 1232
  • #16,403
  • Sep 23, 2014 7:02am Sep 23, 2014 7:02am
short at 1233.02 1st trade may add more later (",)
Senior Trader Multi-Account Manager
  • #16,404
  • Sep 23, 2014 7:11am Sep 23, 2014 7:11am
Quoting waleed.khan
A look at the inverse relationship between gold and the us dollar index Is it time for a short to medium term bottom in gold...? Could the same be said for the dollar? The stars seem to be indicating that... Silver has also posted a rejection pinbar on the daily also... Wait for a confirmation at today's close for the pattern to complete fully... https://www.tradingview.com/v/HImxkffv/

as far as a trade is concerned... i am still short biased and am looking to short at spikes like this... however the morning star is an early sign to be careful about... if price remains these levels all day today and breaks higher tomorrow then I would assume that a near term bottom is definitely in...
  • #16,405
  • Sep 23, 2014 7:30am Sep 23, 2014 7:30am
closed my short at 1228.34 back to flat now again (",)
Senior Trader Multi-Account Manager
  • #16,406
  • Sep 23, 2014 7:33am Sep 23, 2014 7:33am
Quoting waleed.khan
{quote} as far as a trade is concerned... i am still short biased and am looking to short at spikes like this... however the morning star is an early sign to be careful about... if price remains these levels all day today and breaks higher tomorrow then I would assume that a near term bottom is definitely in...
I generally agree with the caution too. My signals suggest long at this moment, but a large chunk of the day is still to come and much can happen. For now I'm undecided and also await todays close/morning open before commiting in a direction. As usual, the market is nicely poised either way imo.
  • #16,407
  • Sep 23, 2014 7:35am Sep 23, 2014 7:35am
Quoting lorix
closed my short at 1228.34 back to flat now again (",)
awesome return, 8% in 5 minutes. What is margin level do you use?
  • #16,408
  • Sep 23, 2014 7:39am Sep 23, 2014 7:39am
Quoting Landline
{quote} I generally agree with the caution too. My signals suggest long at this moment, but a large chunk of the day is still to come and much can happen. For now I'm undecided and also await todays close/morning open before commiting in a direction. As usual, the market is nicely poised either way imo.
True... although price has touched and rejected a resistance level... which is a good setup for a short..
  • #16,409
  • Sep 23, 2014 7:39am Sep 23, 2014 7:39am
Quoting nicefirework
{quote} awesome return, 8% in 5 minutes. What is margin level do you use?
What do u mean by margien level u mean the leverage !!?? Its 1:200
Senior Trader Multi-Account Manager
  • #16,410
  • Sep 23, 2014 7:49am Sep 23, 2014 7:49am
Quoting waleed.khan
{quote} True... although price has touched and rejected a resistance level... which is a good setup for a short..
Yes I accept that, which may mean yo yoing in a 1240-1210 type range for a few days, which is a nice range to trade in if that becomes the case.... oh for a crystal ball.

Either way, I'll be letting PA be the guide on my direction tomorrow morning by which time direction will hopefully become clearer to me at least...we'll see
  • #16,411
  • Sep 23, 2014 7:50am Sep 23, 2014 7:50am
Quoting lorix
{quote} What do u mean by margien level u mean the leverage !!?? Its 1:200
NO, leverage speak nothing if you use small lot. Its your equity/margin ratio.
  • #16,412
  • Sep 23, 2014 7:53am Sep 23, 2014 7:53am
Quoting Landline
{quote} Yes I accept that, which may mean yo yoing in a 1240-1210 type range for a few days, which is a nice range to trade in if that becomes the case.... oh for a crystal ball.
indeed... goodluck!
  • #16,413
  • Sep 23, 2014 8:19am Sep 23, 2014 8:19am
I can't see any reason to be bullish yet. Shorting spikes is preferred. More slaughtering longs to come, especially those trying to catch this bottom
  • #16,414
  • Sep 23, 2014 8:34am Sep 23, 2014 8:34am
Quoting nicefirework
{quote} NO, leverage speak nothing if you use small lot. Its your equity/margin ratio.
It depends on the trade probability it flow between 5 to 20% dont use a fix ratio for each entry sometimes i use martingale
Senior Trader Multi-Account Manager
  • #16,415
  • Sep 23, 2014 8:35am Sep 23, 2014 8:35am
Quoting ohguowei
{quote} i made a few bucks, being shorting silver and gold when Russia signed the peace whatever thingy with Ukraine.
Glad you made some money!
Hello World!
  • #16,416
  • Sep 23, 2014 8:36am Sep 23, 2014 8:36am
Quoting Ck87
I can't see any reason to be bullish yet. Shorting spikes is preferred. More slaughtering longs to come, especially those trying to catch this bottom
You're probably right and the odds are likely to continue the down trend.....unless that was the bottom of course, who knows yet, I'm undecided at present personally, but as mentioned earlier, tomorrow should provide the clue imo where this is going.
  • #16,417
  • Sep 23, 2014 8:38am Sep 23, 2014 8:38am
Quoting haider13
{quote} CT didnt your VSA give a bottom around 1208 yesterday..? 1201 being a support level.. the way the price reacted at that level and bounced off i think that might just be it for the bear run.. and the doji on day chart supports it.. i had a buy order at 1214 earlier today which didnt hit.. i was ready to buy at 1230 right now.. a slighttt lapse went out to the market for 10 minutes nd the spike had gone.. i think ill still take a risk and start filling some longs above 1240 now
A huge bottom out occurred on VVSA on 17th, that is why I said, there may be a nice support @ 1201. I add extension of 15 $s below a clear and clean bottom-out on VVSA-H1

1216 bottom on 17th and thus clear support above 1201, however, I would take some time before I take 1207 as a possible bottom. Let it consolidate. I am expecting a final bear hammer, lets see if it occurs going forward this week.
Hello World!
  • #16,418
  • Sep 23, 2014 8:51am Sep 23, 2014 8:51am
Quoting ClockTrader
{quote} A huge bottom out occurred on VVSA on 17th, that is why I said, there may be a nice support @ 1201. I add extension of 15 $s below a clear and clean bottom-out on VVSA-H1 1216 bottom on 17th and thus clear support above 1201, however, I would take some time before I take 1207 as a possible bottom. Let it consolidate. I am expecting a final bear hammer, lets see if it occurs going forward this week.
IF this continues to fall today / tomorrow and day-after, longs are going to look very very bad.
Hello World!
  • #16,419
  • Sep 23, 2014 8:54am Sep 23, 2014 8:54am
Quoting Landline
{quote} You're probably right and the odds are likely to continue the down trend.....unless that was the bottom of course, who knows yet, I'm undecided at present personally, but as mentioned earlier, tomorrow should provide the clue imo where this is going.
Gold will go much, much lower. We will see the $1000 level within the next year or two and i'm sticking with that. Excellent opportunities to short whenever it spikes up. Can it rally and hold at 1200? sure. Is it likely? probably not.

Gold only has one purpose as of right now.. and that is to be shorted
  • #16,420
  • Sep 23, 2014 9:01am Sep 23, 2014 9:01am
Quoting Ck87
{quote} Gold will go much, much lower. We will see the $1000 level within the next year or two and i'm sticking with that. Excellent opportunities to short whenever it spikes up. Can it rally and hold at 1200? sure. Is it likely? probably not. Gold only has one purpose as of right now.. and that is to be shorted
I see hundreds of people visiting this thread daily, but, hardly a few people share their short positions here when they sell.
Hello World!
9 traders viewing now