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Only Gold!

  • #16,801
  • Oct 1, 2014 6:51am Oct 1, 2014 6:51am
Im opening my arm to welcome the Bull home.

Im very bullish on this due to all the news mentioning those wall street titans putting lots and lots of money into Gold Industry.

Plus gold season, and Gold had already made a big fall.

Come home Bull!!
  • #16,802
  • Oct 1, 2014 6:58am Oct 1, 2014 6:58am
Quoting actorial
Im opening my arm to welcome the Bull home. Im very bullish on this due to all the news mentioning those wall street titans putting lots and lots of money into Gold Industry. Plus gold season, and Gold had already made a big fall. Come home Bull!!

i welcome the bulls too!!
  • #16,803
  • Edited 7:53am Oct 1, 2014 6:58am | Edited 7:53am
Quoting tamoor68
A great Month come to an end , had an enormous amount of shorts and eventually ending up in good green. Well i still see gold bearish as the DXY ( dollar index) is going to break it 6 yrs high pretty soon and i personally think that going to happen by this week as soon as NON FARM PAYROLL news will hit the market DXY will boost and eventually take gold to 1180 . on the other side bearish trend is very obvious because of the US economy is booming so no concept of safe havens rights now , Potential of US economy can be easily judged by few huge IPOs...
Nice to hear you were profitable!
  • #16,804
  • Oct 1, 2014 7:00am Oct 1, 2014 7:00am
Gold bulls will continue to get slaughtered. I'll turn bullish when we hit 1k and lower, whenever that happens By then I'm sure all the people trying to catch a bottom will have lost all their money and given up completely
  • #16,805
  • Oct 1, 2014 7:00am Oct 1, 2014 7:00am
https://www.tradingview.com/v/Ly1bxsbT/

I took some profit on target 2 and i'm generally still bearish...

Will need a significant reversal candle on the daily to think otherwise...
  • #16,806
  • Oct 1, 2014 7:02am Oct 1, 2014 7:02am
Gold price needs to break below the current support line in order to go down further.
Attached Image (click to enlarge)
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  • #16,807
  • Oct 1, 2014 7:05am Oct 1, 2014 7:05am
IF price can decisively breach 1215 fine, otherwise I say its going down..

Peakout in chart att..
Attached Image (click to enlarge)
Click to Enlarge Name: ss.PNG Size: 44 KB
Hello World!
  • #16,808
  • Oct 1, 2014 7:07am Oct 1, 2014 7:07am
Quoting actorial
Im opening my arm to welcome the Bull home. Im very bullish on this due to all the news mentioning those wall street titans putting lots and lots of money into Gold Industry. Plus gold season, and Gold had already made a big fall. Come home Bull!!
Like I've been saying lately, if you wanna go long, buy like an investor, else trade safe my friend!
Hello World!
  • #16,809
  • Oct 1, 2014 7:09am Oct 1, 2014 7:09am
Quoting ClockTrader
IF price can decisively breach 1215 fine, otherwise I say its going down.. Peakout in chart att.. {image}

Agreed CT!

I have sell limits on that limit; with very small stop loss thresholds

These past 2 weeks shorting on spikes have worked out very well...

Of course this will not work at some point and turn around...

But until its working why not keep at it

Cheers!
  • #16,810
  • Oct 1, 2014 7:23am Oct 1, 2014 7:23am
News released indicates healthy USD. Market reaction? XAU/USD spikes like crazy.

Is it just me or is that completely backwards?
I am NOT an expert. I post to learn from others.
  • #16,811
  • Oct 1, 2014 7:24am Oct 1, 2014 7:24am
that should be it, i'm short, volume bearish on m15..
  • #16,812
  • Oct 1, 2014 7:25am Oct 1, 2014 7:25am
Quoting waleed.khan
{quote} Agreed CT! I have sell limits on that limit; with very small stop loss thresholds These past 2 weeks shorting on spikes have worked out very well... Of course this will not work at some point and turn around... But until its working why not keep at it Cheers!
Another peak out, IF BULLS are indeed around, these peakouts will get invalidated, otherwise we know..
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Click to Enlarge Name: ss.PNG Size: 37 KB
Hello World!
  • #16,813
  • Oct 1, 2014 7:31am Oct 1, 2014 7:31am
Quoting ClockTrader
{quote} Another peak out, IF BULLS are indeed around, these peakouts will get invalidated, otherwise we know.. {image}
Initiated a small cluster of shorts with SL @ 1215 and 1220

IF 1220 hits, not only will these short trades close in loss, but one giant short lying @ 1310 will close too. Average would be nice GREEN!

Back in trader's shoes.

Am I loving hedging? Hell Yes, I am!
Hello World!
  • #16,814
  • Oct 1, 2014 7:32am Oct 1, 2014 7:32am
UJ hourly rising wedge threatening to BO. Will prob hold but may also go.
As the lights go by so too do the shadows move
  • #16,815
  • Oct 1, 2014 7:38am Oct 1, 2014 7:38am
Quoting Phantom-X
News released indicates healthy USD. Market reaction? XAU/USD spikes like crazy. Is it just me or is that completely backwards?
ADP expectations/forecast was to improve and there were no surprises here, so the market did not appreciate USD as it was expecting it... But there is momentum with Gold at the moment, but that could quickly change in the next few hours...
Think outside the box; opposite what they want you to think.
  • #16,816
  • Oct 1, 2014 7:40am Oct 1, 2014 7:40am
Quoting Philman
{quote} ADP expectations/forecast was to improve and there were no surprises here, so the market did not appreciate USD as it was expecting it... But there is momentum with Gold at the moment, but that could quickly change in the next few hours...
But the actual > forecast. Isn't this usually "good for currency" in the words of Forex Factory?
I am NOT an expert. I post to learn from others.
  • #16,817
  • Oct 1, 2014 7:43am Oct 1, 2014 7:43am
Quoting ClockTrader
{quote} Initiated a small cluster of shorts with SL @ 1215 and 1220 IF 1220 hits, not only will these short trades close in loss, but one giant short lying @ 1310 will close too. Average would be nice GREEN! Back in trader's shoes. Am I loving hedging? Hell Yes, I am!
Adjust SLs to 1220, exercise would end up in zero P/L, Pat on the back of Bulls if they can kiss 1220 today :-)
Hello World!
  • #16,818
  • Oct 1, 2014 7:48am Oct 1, 2014 7:48am
Quoting ClockTrader
{quote} Adjust SLs to 1220, exercise would end up in zero P/L, Pat on the back of Bulls if they can kiss 1220 today :-)
If a convincing break of 1216 (confirmed hrly) happens, then imo the bull tide will be released in the st and could possibly be making a bottom in the process.
As the lights go by so too do the shadows move
  • #16,819
  • Oct 1, 2014 7:48am Oct 1, 2014 7:48am
Welp heres het 1215 level, wish i had tken profit on the first short,,, this looks like a very bearish move right now, won't be surprised if the entire thing is sold off later.
  • #16,820
  • Oct 1, 2014 7:51am Oct 1, 2014 7:51am
Golden kisses.
Attached Image
As the lights go by so too do the shadows move
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