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  • #17,361
  • Oct 9, 2014 9:16pm Oct 9, 2014 9:16pm
Quoting ClockTrader
SMA-555 on H1 needs to be breached decisively, IF price can sustain above that I see chances of Bulls roaring far & wide otherwise, we got a major resistance area around here. H&S could be forming ahead. {image}
I am staying the same 1219 ti buy point
Gold Annihilation System
  • #17,362
  • Oct 9, 2014 9:55pm Oct 9, 2014 9:55pm
Quoting Hunterrus
{quote} I am staying the same 1219 ti buy point
SL @ ?
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  • #17,363
  • Oct 9, 2014 10:03pm Oct 9, 2014 10:03pm
Quoting Hunterrus
{quote} I am staying the same 1219 ti buy point
I have a small set of longs in the current range which will double if price reaches 1231. The key for me today is SMA-555 on H1. I'll review the situation by UK and NY morning.
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  • #17,364
  • Oct 9, 2014 10:08pm Oct 9, 2014 10:08pm
Quoting ClockTrader
{quote} I have a small set of longs in the current range which will double if price reaches 1231. The key for me today is SMA-555 on H1. I'll review the situation by UK and NY morning.
SL at 1213
Gold Annihilation System
  • #17,365
  • Oct 9, 2014 10:12pm Oct 9, 2014 10:12pm
IMHO

H4 Inverted Head and Shoulder

Price retrace back to shoulder level and seem to be stopping in that area at the moment. (1219.52)

Should be the usual retracement before continuing the pattern

My View remain bullish unless price broke down over 1218 area firmly.

Should be doing some price correction till now after touching 1233 area ($12 correction so far)

If price cross above 1225 firmly, Head and shoulder should be pushing the price up to 1250 target.
  • #17,366
  • Oct 9, 2014 10:52pm Oct 9, 2014 10:52pm
Quoting Kelfhin
Entered Short @1224.95 ... Here is the reason why : {image} Top Circle : It means its high enough Middle Circle : My sell zone Under the alligator And the last circle my indicator shows some strenght for the bear
Closed...
  • #17,367
  • Oct 9, 2014 11:45pm Oct 9, 2014 11:45pm
1228-1225 Medium sell zone which can be easily broken
1214-1218 Strong buy zone

Conclusion: Market gave slight reaction at FOMC resistance at 1234 (as I told 2 days ago) but gold market is getting ready to break it soon
I am still with bulls - reasons for short are quite weak

http://www.forexfactory.com/showthre...88#post7792188
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Gold Annihilation System
  • #17,368
  • Oct 9, 2014 11:50pm Oct 9, 2014 11:50pm
hello all and good morning (",)
For me one more short left still holding i can close now with small loss
It has been covered indeed but ill keep it to see where it will go (",)
Senior Trader Multi-Account Manager
  • #17,369
  • Oct 9, 2014 11:51pm Oct 9, 2014 11:51pm
Good Morning all. How are you people doing. Wish you all have green under ur belts today......
  • #17,370
  • Oct 10, 2014 12:53am Oct 10, 2014 12:53am
If your bet is to go long today, don't target above $1234. Because it's Monthly Pivot Point and yesterday price bounced back down just below that level, which created a pin D1 bar. So the tendency is we'll go south again or at least sideway again..

Good luck and cheers..
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  • #17,371
  • Oct 10, 2014 2:08am Oct 10, 2014 2:08am
I reiterate the importance of SMA(555) on H1

Gold has reached Strong resistance level. Price needs to sustain above this sma in order to continue current bull-wave. I'd wait until NY morning to see how it plays out until then.
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  • #17,372
  • Oct 10, 2014 2:13am Oct 10, 2014 2:13am
Quoting Agent Orange
Morning all a great day of volatility, for us to make plenty of green pips
Respect the certainity of spell checkerlol
  • #17,373
  • Oct 10, 2014 2:53am Oct 10, 2014 2:53am
Quoting Thfc1964
{quote} Respect the certainity of spell checkerlol
HAHAHA
Respect the inescapable certainity of Math
  • #17,374
  • Oct 10, 2014 2:53am Oct 10, 2014 2:53am
FYI,
On Monday, October 13th 2014, US will have bank holiday due to “Colombus Day”.
  • #17,375
  • Oct 10, 2014 2:57am Oct 10, 2014 2:57am
Nice to go away and see price go in direction of my thread in a nice big move. Remains to be seen how price reacts to the H1 EMA and bottom of channel. Targeting ABCD move but as I like to close my trade within a few hours, price may not quite get there. Coincidentally, ABCD move bring suggest a target of 76.8% retracement and the top end of a SR zone I've identified. Trade at BE - no signal yet to exit. Just watching PA for now.
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  • #17,376
  • Oct 10, 2014 3:18am Oct 10, 2014 3:18am
i just closed all my shorts on gold now flat (",)
Senior Trader Multi-Account Manager
  • #17,377
  • Oct 10, 2014 3:24am Oct 10, 2014 3:24am
Quoting iaveight
congrats your move, but this is a gold thread , will just confuse people..... Took a short at 1229.92 , up 147 pips as it touched daily supply bodies closed at daily 21 ema looking at 1213.24 fib with a daily demand area wick and daily demand in blue below there {image}
Yea, that was confusing..

Quoting ClockTrader
I reiterate the importance of SMA(555) on H1 Gold has reached Strong resistance level. Price needs to sustain above this sma in order to continue current bull-wave. I'd wait until NY morning to see how it plays out until then. {image}
I shall have a minor loss around 1211 from a small set of longs I'm riding. I shall wait until NY morning to see how this plays out further. SMA (555) helped me mitigate my losses.

DCB(NY) gonna help me further.
Hello World!
  • #17,378
  • Oct 10, 2014 3:27am Oct 10, 2014 3:27am
Quoting ClockTrader
{quote} Yea, that was confusing.. {quote} I shall have a minor loss around 1211 from a small set of longs I'm riding. I shall wait until NY morning to see how this plays out further. SMA (555) helped me mitigate my losses. DCB(NY) gonna help me further.
Sorry for the confusion. I am posting my Gold trade, I just can't trade spot on my platform, just gold future GC. Z4 is the expiry date. Will abstain in future.
  • #17,379
  • Edited 3:39am Oct 10, 2014 3:28am | Edited 3:39am
Took a short at 1229 , as price hit daily supply confirmation was body close under daily 21 ema , target 1213 area asa its a fib and weak daily demand in blue with wick to the 118 fib - closed short as 15 min fib completed per my rules, above still stands,

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  • #17,380
  • Oct 10, 2014 3:30am Oct 10, 2014 3:30am
Quoting mact4
{quote} Sorry for the confusion. I am posting my Gold trade, I just can't trade spot on my platform, just gold future GC. Z4 is the expiry date. Will abstain in future.
Its alright dude! I love your contributions to this place.
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