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Only Gold!

  • #17,581
  • Oct 14, 2014 11:13pm Oct 14, 2014 11:13pm
Quoting babaz7
{quote} what does new supply mean? im sorry im new.
new sell zone
Gold Annihilation System
  • #17,582
  • Oct 14, 2014 11:25pm Oct 14, 2014 11:25pm
The Negative of China will give Positive to Gold ?
Learning and Learing
  • #17,583
  • Oct 14, 2014 11:31pm Oct 14, 2014 11:31pm
Quoting pladee
The Negative of China will give Positive to Gold ?
no
Gold Annihilation System
  • #17,584
  • Oct 14, 2014 11:35pm Oct 14, 2014 11:35pm
I also get the long position on this morning ( my time ) and i am seeing 1250 is a nice price as well.
I have two trend line that cut across on that price, and 61.8% might be nice target for me..

Before I will looking for all short position till 1100

but ofcourse, Stop Loss is needed too..
Learning and Learing
  • #17,585
  • Oct 15, 2014 2:23am Oct 15, 2014 2:23am
Very hopeful of hot data ahead to bring in some volatility to trade.. Waiting eagerly for the US session....
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  • #17,586
  • Edited 4:01am Oct 15, 2014 2:34am | Edited 4:01am
Quoting ClockTrader
Very hopeful of hot data ahead to bring in some volatility to trade.. Waiting eagerly for the US session.... {image}
Hi All, ... quiet... perhaps someone forgot the front door keys to Forex and had to go home to get them ...

I'm thinking if we complete the 5th wave (could be truncated?) we might go for a bullish 3-wave correction on the 1H TF
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  • #17,587
  • Oct 15, 2014 3:43am Oct 15, 2014 3:43am
Good Trades guys. I come back US session
Belive & Achieve
  • #17,588
  • Oct 15, 2014 4:02am Oct 15, 2014 4:02am
Quoting griffinssoul
{quote} Hi All, quiet... perhaps someone forgot the front door keys to Forex and had to go home to get them ... I'm thinking if we complete the 5th wave (could be truncated?) we might go for a bullish 3-wave correction on the 1H TF {image}
Minor support IN @ SMA (555) on H1.

VVSA-Support visible on M15.

I shall wait & watch to see how these clock patterns unfold by NY morning.

PS: Loving the shorts that I initiated yesterday @ 1236, will lock some profit @ current price
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  • #17,589
  • Oct 15, 2014 4:19am Oct 15, 2014 4:19am
Quoting ClockTrader
{quote} Minor support IN @ SMA (555) on H1. VVSA-Support visible on M15. I shall wait & watch to see how these clock patterns unfold by NY morning. PS: Loving the shorts that I initiated yesterday @ 1236, will lock some profit @ current price {image} {image}
nice trade
seems like the setup is coming along well

i am of the view that with so many "pundits" (on CNBS and other places) talking about the strong USD trade, that its time to take the other side of this equation for the next few months

i had said that there may be a major top in gold in late october, i am now thinking that this time pivot will be a bottom, and we will rally into the spring

it would align well with your seasonal charts... i hope im right, because it will present a stellar opportunity to make $$

i would remain a seller of gold down to the 1205 level, before getting aggressively long...
90% of people, are wrong about 90% of everything, 90% of the time...
  • #17,590
  • Oct 15, 2014 4:21am Oct 15, 2014 4:21am
Quoting ClockTrader
{quote} Minor support IN @ SMA (555) on H1. VVSA-Support visible on M15. I shall wait & watch to see how these clock patterns unfold by NY morning. PS: Loving the shorts that I initiated yesterday @ 1236, will lock some profit @ current price {image} {image}
Nice analysis & trades there ClockTrader, thank you.
  • #17,591
  • Oct 15, 2014 4:39am Oct 15, 2014 4:39am
Hello to all

I am very sure that american data will be in big red but irrespective of that gold will fall and will fall till 1210 for sure.. The reason behind it is USD index is still in upward trend and i am very sure sooner or later we will see a new high in USD index . DOW NASDAQ AND S&P already showed a correction of 8% we may see a dow at 16050 and s&p at 1850. SO now we can expect a rebond in these market i am pretty sure that gold will go to 1210 in this coming week.
  • #17,592
  • Oct 15, 2014 4:46am Oct 15, 2014 4:46am
Quoting theDHT
{quote} nice trade seems like the setup is coming along well i am of the view that with so many "pundits" (on CNBS and other places) talking about the strong USD trade, that its time to take the other side of this equation for the next few months i had said that there may be a major top in gold in late october, i am now thinking that this time pivot will be a bottom, and we will rally into the spring it would align well with your seasonal charts... i hope im right, because it will present a stellar opportunity to make $$ i would remain a seller...



I agree from what my system is telling me we have one more drop and that is already in play how deep it will go it could be back towards the recent bottom then we won"t see this level for a very long time. You could pretty much treat 1920 as the high and 1180 area as the low on a massive scale of price. Frm what i am seeing is price is in a reversal phase right now to take out 1433 that everyone was expecting when it was rising and stalled at 1390 area. I would expect a 50% retrace from 1238 to 1183
  • #17,593
  • Oct 15, 2014 4:47am Oct 15, 2014 4:47am
This is how I'm planning for the sessions ahead, given the fact that I'm short:

1. IF it falls further from here, I'll just enjoy. BUT, given the volatile bar on M15, I don't expect much fall from current levels, unless price wants to go way below 1180 ASAP.

2. A small bounce and then peak-out in the US session ahead would perfectly suffice giving another opportunity to short from.

Tomorrow and day after can be very decisive. Too early to opine about them as I'd like to witness the US session first.


Quoting theDHT
{quote} nice trade seems like the setup is coming along well i am of the view that with so many "pundits" (on CNBS and other places) talking about the strong USD trade, that its time to take the other side of this equation for the next few months i had said that there may be a major top in gold in late october, i am now thinking that this time pivot will be a bottom, and we will rally into the spring it would align well with your seasonal charts... i hope im right, because it will present a stellar opportunity to make $$ i would remain a seller...
Hello World!
  • #17,594
  • Oct 15, 2014 4:55am Oct 15, 2014 4:55am
Quoting ClockTrader
This is how I'm planning for the sessions ahead, given the fact that I'm short: 1. IF it falls further from here, I'll just enjoy. BUT, given the volatile bar on M15, I don't expect much fall from current levels, unless price wants to go way below 1180 ASAP. 2. A small bounce and then peak-out in the US session ahead would perfectly suffice giving another opportunity to short from. Tomorrow and day after can be very decisive. Too early to opine about them as I'd like to witness the US session first. {quote}

on a short term basis, i agree with you

i closed out my small shorts this morning
waiting for a bounce from which to short again, i like the 1229-1232 band
i dont expect a retest of the 1180 region this year
but i do expect that the push down hasnt finished yet, now that everyone is talking about going long gold, theres bound to be some pushback to squeeze out the weak/poorly planned longs
looking for a higher low on the daily chart, ideal level is still around 1205, this would form the swing setup to take prices into ~1280 and form a lower high on the weekly
90% of people, are wrong about 90% of everything, 90% of the time...
  • #17,595
  • Oct 15, 2014 6:11am Oct 15, 2014 6:11am
Afternoon from London fellas... how is trading the yellow boy going?... US dominated news together with shitty news about the GBP you guys should see a push...
  • #17,596
  • Oct 15, 2014 6:25am Oct 15, 2014 6:25am
Support One @ 1220 SMA(555) on H1
Support Two @ 1216 ( on the basis of VVSA patterns on M15, posted earlier)

IF 1216 breaks today, most likely it won't, yet if it does.. not sure what to say, lets watch US session :-)
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  • #17,597
  • Oct 15, 2014 6:35am Oct 15, 2014 6:35am
Quoting ClockTrader
Support One @ 1220 SMA(555) on H1 Support Two @ 1216 ( on the basis of VVSA patterns on M15, posted earlier) IF 1216 breaks today, most likely it won't, yet if it does.. not sure what to say, lets watch US session :-) {image}
Your knowledge on The Yellow Monster is very amazing!! Do you physically deal with Gold? Since India is over taking the big sharks to control the markets and with your large scope of knowledge hopefully we can connect discuss, and explore various business opportunities
  • #17,598
  • Oct 15, 2014 6:36am Oct 15, 2014 6:36am
Quoting ClockTrader
Support One @ 1220 SMA(555) on H1 Support Two @ 1216 ( on the basis of VVSA patterns on M15, posted earlier) IF 1216 breaks today, most likely it won't, yet if it does.. not sure what to say, lets watch US session :-) {image}
Hoping for a move back to the top of wave 4 (at least)...
  • #17,599
  • Oct 15, 2014 6:41am Oct 15, 2014 6:41am
Quoting griffinssoul
{quote} Hoping for a move back to the top of wave 4 (at least)...
Ok, that was much quicker than i thought ...
  • #17,600
  • Oct 15, 2014 7:06am Oct 15, 2014 7:06am
Quoting poseikwame
{quote} Your knowledge on The Yellow Monster is very amazing!! Do you physically deal with Gold? Since India is over taking the big sharks to control the markets and with your large scope of knowledge hopefully we can connect discuss, and explore various business opportunities
Thanks for the compliments. No mate, I don't deal with physical Gold.

I would be happy to connect / discuss biz ops with you, feel free to contact me.
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