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Only Gold!

  • #16,861
  • Oct 1, 2014 2:25pm Oct 1, 2014 2:25pm
Today is a daily bottom for gold.
  • #16,862
  • Oct 1, 2014 2:34pm Oct 1, 2014 2:34pm
Quoting theDHT
The price action in the ES is very interesting today, the index is sitting at a very critical level, the trend line goes back to 2011, if it snaps, we are potentially looking at another 130 points of additional downside... no wonder no one is eager to bid this market just yet... since this is a thread about GOLD, i wont post my chart here, but, its important for GOLD traders to keep eyes on other risk sensitive asset classes to get a sense for where GOLD may go... if you are interested, you can check out my chart here...

and with that last one, im calling it a day

good fight
good night
90% of people, are wrong about 90% of everything, 90% of the time...
  • #16,863
  • Oct 1, 2014 2:35pm Oct 1, 2014 2:35pm
Quoting Ck87
Momentum on higher TF's looks bullish, but trend is so strong to downside and volume shows bears.... Usually i stick with Trend+ Volume above any other indicators.

long,sl 1180...
all times learnning
  • #16,864
  • Oct 1, 2014 2:46pm Oct 1, 2014 2:46pm
Quoting ClockTrader
{quote} When I am in trader's shoes, I trade in line with VVSA patterns, which apparently changes faster than I can post things here. This is also the reason I stopped posting screenshots of my positions here in the recent past. I suppose everybody who is active here has a good idea that I trade seasons on a broad level. At the same time, when I trade/ invest, I shall try my best to not close any position in loss (unless it can be offset by another green).
well i see . you mention most of stuff if you cant post images. the screenshot of your positions was incredibly impressive.
  • #16,865
  • Oct 1, 2014 2:47pm Oct 1, 2014 2:47pm
Quoting theDHT
The price action in the ES is very interesting today, the index is sitting at a very critical level, the trend line goes back to 2011, if it snaps, we are potentially looking at another 130 points of additional downside... no wonder no one is eager to bid this market just yet... since this is a thread about GOLD, i wont post my chart here, but, its important for GOLD traders to keep eyes on other risk sensitive asset classes to get a sense for where GOLD may go... if you are interested, you can check out my chart here...
And gold is barely higher even though SPX got hammered... Fund managers probably took this opportunity to sell gold to buy more stocks on the dip.

I will agree that today's price action (for gold) looks constructive, at least the pumps are not getting dumped immediately now, but gold is still in a down trend... might be worth taking a very small long with a tight SL... I can't be arsed to trade gold now though, its too slow and choppy, the opportunities are all in the stock indexes now.
"Where you want to be is always in control, never wishing, always trading.
  • #16,866
  • Oct 1, 2014 2:56pm Oct 1, 2014 2:56pm
Quoting ClockTrader
{quote} There must be some insiders, thats the segment of people I was addressing to. There have to be people who run Globex / Comex. Their servers just can't run on their own without human intervention. Bottom Out today, thereafter peakout.. on VVSA The peakout is currently bringing the price down. I like your inputs mate, mind telling us more about yourself?

Well I'm a full time trader and I've been doing this for 8 years now, I would like to think I'm doing ok since I live in one of costliest cities in the world. But lets just talk about gold, I dont want to bore people with my stories.
"Where you want to be is always in control, never wishing, always trading.
  • #16,867
  • Oct 1, 2014 5:02pm Oct 1, 2014 5:02pm
GOLD is still unable to close its D1 Candle above Weekly pivot ($1219.74), even seems to be furthering away from the level.. Bearish Bias continues till now..


Cheers
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  • #16,868
  • Oct 1, 2014 7:29pm Oct 1, 2014 7:29pm
Hello, I have two shorts at 1214 and 1210. Is there any chance to reach at least 1200 or 1190? I look at the daily graph and it seems the bears are getting weak. Or am I readying wrong the graph?
  • #16,869
  • Oct 1, 2014 8:50pm Oct 1, 2014 8:50pm
Quoting Spec_And
{quote} Well I'm a full time trader and I've been doing this for 8 years now, I would like to think I'm doing ok since I live in one of costliest cities in the world. But lets just talk about gold, I dont want to bore people with my stories.
Glad to know about you. This was good intro.

Hello World!
  • #16,870
  • Oct 1, 2014 8:53pm Oct 1, 2014 8:53pm
Quoting RAW-Trader
{quote} well i see . you mention most of stuff if you cant post images. the screenshot of your positions was incredibly impressive.
That was only a part of my positions currently in play. There are dozens more. I like to hedge.
Hello World!
  • #16,871
  • Oct 1, 2014 9:36pm Oct 1, 2014 9:36pm
Just closed a short lying @ 1311

This one was yummy.
Hello World!
  • #16,872
  • Oct 1, 2014 9:41pm Oct 1, 2014 9:41pm
Quoting Spec_And
{quote} Well I'm a full time trader and I've been doing this for 8 years now, I would like to think I'm doing ok since I live in one of costliest cities in the world. But lets just talk about gold, I dont want to bore people with my stories.
I come from India, kinda 3rd wolrd, would like so share some woes:

  1. Skin practically burns in Summers, makes us too dark, normal development of mind and body is not possible.
  2. Basic amenities like power, water, roads etc can be a HUGE challenge.

There are numerous I could quote here. Yet, I am proud to be an Indian.

Thought, I should share :-)

Hello World!
  • #16,873
  • Oct 1, 2014 9:45pm Oct 1, 2014 9:45pm
Lets see IF yesterday's peakout can be invalidated decisively today. IF it can be, I say BULLS are BACK!
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Hello World!
  • #16,874
  • Oct 1, 2014 10:02pm Oct 1, 2014 10:02pm
Quoting ClockTrader
Lets see IF yesterday's peakout can be invalidated decisively today. IF it can be, I say BULLS are BACK! {image}
Hi all,
I'm new here. I'm interesting in trading gold. Are you meaning peakout or breakout? Could you explain more about peakout?
  • #16,875
  • Oct 1, 2014 10:19pm Oct 1, 2014 10:19pm
Quoting Matts Micro
{quote} UJ may not be finished yet. This could consolidate at the top, perhaps a C&H formation to come.
Snap
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As the lights go by so too do the shadows move
  • #16,876
  • Oct 1, 2014 10:31pm Oct 1, 2014 10:31pm
was that a valid breakout? it seem to hold at 1222 area.

Any expert to advise here?
  • #16,877
  • Oct 1, 2014 10:39pm Oct 1, 2014 10:39pm
Quoting actorial
was that a valid breakout? it seem to hold at 1222 area. Any expert to advise here?
More to come imo (not in response to "expert" however).
As the lights go by so too do the shadows move
  • #16,878
  • Oct 1, 2014 10:45pm Oct 1, 2014 10:45pm
Waiting for....
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  • #16,879
  • Oct 1, 2014 10:45pm Oct 1, 2014 10:45pm
Quoting actorial
was that a valid breakout? it seem to hold at 1222 area. Any expert to advise here?
Let's wait at 1227-1230
  • #16,880
  • Oct 1, 2014 11:07pm Oct 1, 2014 11:07pm
Bear should be coming home to sit for awhile more.

Market is like over bought in so many TF

I believe the spike up just now is to sweep small time sellers.

1205 will be an intresting line to look at now. IMHO
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