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Only Gold!

  • #16,521
  • Sep 24, 2014 9:54pm Sep 24, 2014 9:54pm
Quoting ClockTrader
Price looks committed to come down. This is what my quick view of VVSA-15m says. I hope the heat from bears settles down within a day or two.
Exactly as expected.
Hello World!
  • #16,522
  • Sep 24, 2014 10:01pm Sep 24, 2014 10:01pm
Quoting ClockTrader
{quote} Exactly as expected.
Hope we have a clear bottom within a day or so. IF I'm right PA happening next week should vouch for me.
Hello World!
  • #16,523
  • Sep 24, 2014 10:24pm Sep 24, 2014 10:24pm
Quoting ClockTrader
{quote} Hope we have a clear bottom within a day or so. IF I'm right PA happening next week should vouch for me.

Hi ct, pardon my silly question, what does pa means?
  • #16,524
  • Sep 24, 2014 10:38pm Sep 24, 2014 10:38pm
Good Morning !

Today's S/R Levels on MT4 Templates

EURO
CABLE
AUDUSD
GOLD

http://www.forexfactory.com/showthre...80#post7760580

EURO PINK
CABLE PINK
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #16,525
  • Sep 24, 2014 11:08pm Sep 24, 2014 11:08pm
Quoting tbngfuego
{quote} Hi ct, pardon my silly question, what does pa means?
Its alright to ask any question: PA is for Price Action

Additionally, you might wanna Google and perhaps learn Forex Glossary.

https://www.google.co.uk/?gws_rd=ssl#q=Forex+Glossary
Hello World!
  • #16,526
  • Sep 24, 2014 11:24pm Sep 24, 2014 11:24pm
Hello

I have checked the monthly chart, gold have reached around the same level 2010 July/August price range. Fact that the yellow metal is close to major support near $1180-$1200, we should wait & see what happen in October 2014 .

Remember historical facts.. Octocber where starting point of Financial crisis ..all the 3 major financial crisis start in October 1929, 1987 & 2008.

It can be the turning of point your investment, either you can lose it all or profitting beyond your expectation.
  • #16,527
  • Sep 24, 2014 11:25pm Sep 24, 2014 11:25pm
Quoting ClockTrader
{quote} Hope we have a clear bottom within a day or so. IF I'm right PA happening next week should vouch for me.

Imo could be a week or two too early. The "Experts" (or so called) are calling for 110-112+ on UJ and combined with the latest weekly break in Silver may see Gold prices going lower yet. China is the major concern however, creating major commodity demand for the past few years or so and now with their slowdown, warehouses are fully stocked with supply and it could be a while before prices take a real turn back on the topside. On the flipside, imo geopolitics has taken a backseat over the past few weeks from a few situations that remain unresolved. Putin for one, isn't about to put up his hands in surrender to Ukraine signing over with Europe, this issue has only just begun. I respect Putin ( doesn't mean I agree cos I don't), he has outplayed the west almost on every front in these types of encounters so far, watch this space.
As the lights go by so too do the shadows move
  • #16,528
  • Sep 24, 2014 11:34pm Sep 24, 2014 11:34pm
Just for clarification however, I am a TA trader and will follow my charts but will keep these types of fundamentals in the back of my mind, especially with breaking news or news releases.
As the lights go by so too do the shadows move
  • #16,529
  • Sep 24, 2014 11:49pm Sep 24, 2014 11:49pm
Just a well timed example of what I'm saying with China. Part of an article talking about China's downturn:

http://blogs.wsj.com/economics/2014/...slower-growth/

"Now the real estate market, which accounts for about one-quarter of China’s economic output, is struggling with a glut of unoccupied apartments. The average price of new homes in 70 Chinese cities excluding public housing fell by 1.1% in August, the fourth straight monthly decline, according to calculations by The Wall Street Journal based on data released by the National Bureau of Statistics.
The steel, concrete, glass, construction and home appliance markets, which count on home sales, are suffering as well. Government planners have ordered industries marked by excess production, such as steel, to cut back, but so far haven’t made much progress as local officials, fearful of increased unemployment, have found ways to keep factories from closing."
As the lights go by so too do the shadows move
  • #16,530
  • Sep 25, 2014 12:54am Sep 25, 2014 12:54am
Quoting GreySkull
Hello I have checked the monthly chart, gold have reached around the same level 2010 July/August price range. Fact that the yellow metal is close to major support near $1180-$1200, we should wait & see what happen in October 2014 . Remember historical facts.. Octocber where starting point of Financial crisis ..all the 3 major financial crisis start in October 1929, 1987 & 2008. It can be the turning of point your investment, either you can lose it all or profitting beyond your expectation.
OK but history does not repeat all time . so to watch those levels if broken down & hold or the same history again this time. anyway target still remain at lows 2008 levels at least & can break further too . buying solid is always safer now & this lows though, , worry free! Like it most .
take care ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #16,531
  • Sep 25, 2014 1:00am Sep 25, 2014 1:00am
Right on cue .
As the lights go by so too do the shadows move
  • #16,532
  • Sep 25, 2014 1:25am Sep 25, 2014 1:25am
Wow, CT ur right, probably we are seeing some down trend again.
Thanks a lot for ur valuable analysis and suggestions.
  • #16,533
  • Sep 25, 2014 2:05am Sep 25, 2014 2:05am
Quoting AnilLonely
Wow, CT ur right, probably we are seeing some down trend again. Thanks a lot for ur valuable analysis and suggestions.
Minor support has arrived @ 1208, lets see how European session treats the price. It would be interesting to watch IF 1201 survives today.

We also have hot news data coming in NY session. That makes things more interesting.
Hello World!
  • #16,534
  • Sep 25, 2014 2:09am Sep 25, 2014 2:09am
Quoting ClockTrader
{quote} Hope we have a clear bottom within a day or so. IF I'm right PA happening next week should vouch for me.
So, you're really confident that there will a clear bottom on Friday? I just can't see the bears wanting to stop.
  • #16,535
  • Sep 25, 2014 2:21am Sep 25, 2014 2:21am
I'd wait for this to tag 1180 for those who are looking to go counter-trend (not advisable!) long, like I said there are no significant supports between 1241 and 1180, so this should get there eventually.
"Where you want to be is always in control, never wishing, always trading.
  • #16,536
  • Sep 25, 2014 2:22am Sep 25, 2014 2:22am
DXY at new multi year highs, you know you should never fade breakouts, they very rarely work.
"Where you want to be is always in control, never wishing, always trading.
  • #16,537
  • Sep 25, 2014 2:29am Sep 25, 2014 2:29am
Quoting ClockTrader
{quote} Minor support has arrived @ 1208, lets see how European session treats the price. It would be interesting to watch IF 1201 survives today. We also have hot news data coming in NY session. That makes things more interesting.

Yaa.Me too eyeing on NY session news. Seeing a lowest of 1206.XX i am seeing the price could break 1201 today. Expecting a positive news from NY which makes yellow metal to drop further.
  • #16,538
  • Sep 25, 2014 3:05am Sep 25, 2014 3:05am
Taken my first few longs in Gold after quite a while, with a tight stop-loss. Long 1208, SL 1203.

The news of SNB intervention in Gold today could bring about some bulls, hopefully. Will see how is goes.
  • #16,539
  • Sep 25, 2014 3:07am Sep 25, 2014 3:07am
My trading manager called me up and was asking me to keep S/L immediately.
He is claiming that there will be sudden trend reversal in next 1 hr.
I dont see any high impact news in till NY time.
  • #16,540
  • Sep 25, 2014 3:26am Sep 25, 2014 3:26am
Quoting workingforex
Taken my first few longs in Gold after quite a while, with a tight stop-loss. Long 1208, SL 1203. The news of SNB intervention in Gold today could bring about some bulls, hopefully. Will see how is goes.
Why would SNB intervene in Gold?
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