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Only Gold!

  • #16,681
  • Sep 28, 2014 12:50pm Sep 28, 2014 12:50pm
CT, thought you may find interest in this video. Take a look around 3 mins. http://www.bloomberg.com/video/gold-...W8XKinwzw.html
A 1 pip gain is better than a 1 pip loss.
  • #16,682
  • Sep 28, 2014 5:21pm Sep 28, 2014 5:21pm
Interesting inverted hammer on the weekly. To me it appears we are going lower yet but with the hammer and 4hr H&S there is a possibility of a correction. This seems to be an important level in the decision of direction imo.
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As the lights go by so too do the shadows move
  • #16,683
  • Sep 28, 2014 5:43pm Sep 28, 2014 5:43pm
Lets see if it goes down this week
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  • #16,684
  • Sep 28, 2014 9:50pm Sep 28, 2014 9:50pm
Quoting wibie g
{quote} If we look at the 'Gold Seasonal 30 Years', specifically the trend in month September, it goes up strongly. But we see big fall instead in September 2014 so far. How should we as traders understand & respond to that CT? Kindly advise please. Thanks.
Please don't expect seasons to work like a Swiss clock. The seasonal waves will change and will vary every year. However, on a broad level, I expect Bulls to take charge this week.

No sweat, we have ample time to observe that.
Hello World!
  • #16,685
  • Sep 28, 2014 10:21pm Sep 28, 2014 10:21pm
Quoting aeternum
CT, thought you may find interest in this video. Take a look around 3 mins. http://www.bloomberg.com/video/gold-...W8XKinwzw.html
For over an year, I've been trying to connect news with seasons and of course with Gold waves too. Since, most of my fundamentals are like light years away from how people and analysts interpret news, I would not like to go deep into that as that would only start a new layer of debate here for which I would eventually have no time. This is also the reason I don't like to share / discuss the cycles within the seasons. I simply share a bigger picture.

Thanks for sharing the video.
Hello World!
  • #16,686
  • Sep 28, 2014 10:21pm Sep 28, 2014 10:21pm
Quoting The Fool
every little bit helps. article discusses gold-based nanostructure that provides light-gathering enhancement for any photovoltaic cell, increasing efficiency by 10%. 10% does not sound like very much but is in fact a monstrous step up. Apparently, this use of gold might find its way into ubiquity in solar cell manufacture, not literally overnight, but yes virtually overnight.... http://phys.org/news/2014-09-scienti...ower-gold.html

  1. JA Solar have just announced a 20% efficient poly cell, using an undisclosed light-gathering method.
    Read more at: http://phys.org/news/2014-09-scienti...-gold.html#jCp
  2. 10% more with 144 atoms of Gold in a cell


Guess what we are looking at? A whole new world in power generation in less than a decade.

Thanks for sharing!

Hello World!
  • #16,687
  • Sep 28, 2014 11:04pm Sep 28, 2014 11:04pm
Closed a short lying @ 1310, this one was dark hot & green.

Been trading (day / week) using VVSA, in balance.
Hello World!
  • #16,688
  • Sep 28, 2014 11:29pm Sep 28, 2014 11:29pm
Quoting ClockTrader
{quote} Please don't expect seasons to work like a Swiss clock. The seasonal waves will change and will vary every year. However, on a broad level, I expect Bulls to take charge this week. No sweat, we have ample time to observe that.

hi ct,

for now, im a gold bull, since friday, the bulls has been defending the support level 1218.

untill now no change, i do not whether this makes sense, the asian markets seems to favour gold up, while the us market pulls down the gold...
  • #16,689
  • Sep 29, 2014 12:42am Sep 29, 2014 12:42am
Good Morning
Today's S/R Levels on MT4 Tempalates

EURO
CABLE
AUDUSD
USDJPY
GOLD

http://www.forexfactory.com/showthre...45#post7767345

EURO PINK
CABLE PINK
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #16,690
  • Sep 29, 2014 12:45am Sep 29, 2014 12:45am
Quoting tbngfuego
{quote} hi ct, for now, im a gold bull, since friday, the bulls has been defending the support level 1218. untill now no change, i do not whether this makes sense, the asian markets seems to favour gold up, while the us market pulls down the gold...
Yea, I observed that trend in the past few weeks when Gold would climb a bit during Asian and Euro session but fall like rock off the cliff during US session.
Hello World!
  • #16,691
  • Sep 29, 2014 1:32am Sep 29, 2014 1:32am
Quoting ClockTrader
{quote} Yea, I observed that trend in the past few weeks when Gold would climb a bit during Asian and Euro session but fall like rock off the cliff during US session.
SOLID support at 1185. Any pullbacks should be minor before then.
It's easy to win & even easier to lose
  • #16,692
  • Edited 4:41am Sep 29, 2014 2:48am | Edited 4:41am
Went in long at London Open. Two possible channels: the continuation of the down trend (pink) or a new up trend (blue). Two targets depending on price action. Will see what PA is like today and may close early if price starts to consolidate. I prefer not to hold trades overnight.
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Exited trade for a small loss <10 pips. In retrospect, entry long was not compelling enough, M15 candle closing below EMA convinced me to get out for a small loss and to reassess.
  • #16,693
  • Sep 29, 2014 2:58am Sep 29, 2014 2:58am
Quoting mact4
Went in long at London Open. Two possible channels: the continuation of the down trend (pink) or a new up trend (blue). Two targets depending on price action. Will see what PA is like today and may close early if price starts to consolidate. I prefer not to hold trades overnight.{image}
I appreciate posting your position along with analysis.

I hope other members learn from you.

Hello World!
  • #16,694
  • Sep 29, 2014 5:50am Sep 29, 2014 5:50am
1224 max and 30 sl this projection
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More on my Blog...
  • #16,695
  • Sep 29, 2014 6:07am Sep 29, 2014 6:07am
Here is my view about gold
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  • #16,696
  • Sep 29, 2014 6:21am Sep 29, 2014 6:21am
Quoting mact4
Went in long at London Open. Two possible channels: the continuation of the down trend (pink) or a new up trend (blue). Two targets depending on price action. Will see what PA is like today and may close early if price starts to consolidate. I prefer not to hold trades overnight.{image} Exited trade for a small loss <10 pips. In retrospect, entry long was not compelling enough, M15 candle closing below EMA convinced me to get out for a small loss and to reassess.
Note to self:

1. Stick to trading plan
2. Never take signals from M15 (when trading H1) until candle has closed. Candle I exited above on reversed and became a pin bar.


Reentered long at a slightly worse position than earlier, but now in profit. Phew!
  • #16,697
  • Sep 29, 2014 6:27am Sep 29, 2014 6:27am
Quoting mact4
{quote} Note to self: 1. Stick to trading plan 2. Never take signals from M15 (when trading H1) until candle has closed. Candle I exited above on reversed and became a pin bar. Reentered long at a slightly worse position than earlier, but now in profit. Phew!

ahahaha

i feel your pain!

been there, done that!

fwiw im pretty sure that a short term floor is already in place...

good luck
90% of people, are wrong about 90% of everything, 90% of the time...
  • #16,698
  • Sep 29, 2014 6:42am Sep 29, 2014 6:42am
long or short on GOLD? what your strategy for today guys?
  • #16,699
  • Edited 7:10am Sep 29, 2014 6:42am | Edited 7:10am
there's gold in them there hills 1 hour chart
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There has never been a statue erected in honor of a critic
  • #16,700
  • Sep 29, 2014 7:50am Sep 29, 2014 7:50am
I keep reading possible correlation from WTI and Gold but others disagree. Does any here have any good resource for this as I haven't studied oil before. WTI looks like it maybe on a daily (unconfirmed) bull BO from a similar fall that Gold has been in for the past couple of months.
As the lights go by so too do the shadows move
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