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Only Gold!

  • #17,641
  • Oct 15, 2014 7:23pm Oct 15, 2014 7:23pm
Quoting Hunterrus
missed a good trade yesterday with buy limit at 1220 (it was 1223 =() now 1235 is a good zone to go higher - then 1229 is true support Dayli target is 1276 {image}
Same trade , may dollar tumble and metal climbs trade safe
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trade safe
  • #17,642
  • Oct 15, 2014 9:07pm Oct 15, 2014 9:07pm
Quoting lorix
{quote} Dos that mean i am no more in welcome Kinda loss the compas (",)
You are most welcome here my friend. But, its advisable to:

 

  1. Not post scalps and quick trades.
  2. A call must have a technical / logical reason, some kind of analysis.

You know what will happen if everyone was posting things like below:

I just took profit, wow (when its shooting)
I just took loads of profit, wow, I was short (when its falling)

All maybe honest, but, analysis helps when making a call.

Hello World!
  • #17,643
  • Oct 15, 2014 9:30pm Oct 15, 2014 9:30pm
Quoting ClockTrader
{quote} {quote} {quote} {quote} Glad you made money mate Any idea, if every member was posting his quick trades here? We will have 5 - 10 pages in no time with such posts and this thread will look like a big heap of sh!t. Any idea how many positions I traded? Numerous.. My Equity is where it was, lolz, but, I will make good IF this goes down from here.. Very tiny to lose if this goes way up above 1250.
Hi CT,

I totally agree with your point.

Rather than just say price is going here or there as the majority seem to, I'd recommend the following format in anybodys "call", because if a person cannot give the detail below, then how can anyone be expected to take any notice

1. Direction of trade
2. Entry price
3. Stop loss
4. Take profit
5. Reasons/justifications
6. An image if necessary for clarification

I'd also add that intraday type calls we see on here of 5 dollars etc dont help, its just as easy to post a simple comment such as price likely to be ranging in a 5,10, 15 dollar range instead.

I suspect that if the above was applied, then it would have the effect of reducing the number of random calls as you have suggested, and improve the quality of the remainder, and in so doing enable some analysis of how consistent/accurate a genuine caller is over time which I believe would be in everyones interest .

Hope I've not overstepped the mark with my comments, but its designed to be both respectful and constructive to everyone here. but of course ultimately I respect your judgement as the thread starter on whether you want to strictly implement it or not.

Your comments would be welcome
  • #17,644
  • Oct 15, 2014 9:51pm Oct 15, 2014 9:51pm
Thanks for your advise mate. IF we force every member to post entry / exit with TP and SL etc, that would be very hard on the members IMHO.

Right now if we can get any kind of analysis small or big with every call, that would suffice. Until a week back we used to have loud noise here. Every now and then a member would pop up with a post like price is going there & blah blah. Whats the fun in making such a call without any analysis?

Once we have this order in place, we can move one level and request people to post SL, TP etc.

Right now, lets insist on rationalization of the call.

Quoting Landline
{quote} Hi CT, I totally agree with your point. Rather than just say price is going here or there as the majority seem to, I'd recommend the following format in anybodys "call", because if a person cannot give the detail below, then how can anyone be expected to take any notice 1. Direction of trade 2. Entry price 3. Stop loss 4. Take profit 5. Reasons/justifications 6. An image if necessary for clarification I'd also add that intraday type calls we see on here of 5 dollars etc dont help, its just as easy to post a simple comment such as price likely...
Hello World!
  • #17,645
  • Oct 15, 2014 9:57pm Oct 15, 2014 9:57pm
Quoting ClockTrader
Thanks for your advise mate. IF we force every member to post entry / exit with TP and SL etc, that would be very hard on the members IMHO. Right now if we can get any kind of analysis small or big with every call, that would suffice. Until a week back we used to have loud noise here. Every now and then a member would pop up with a post like price is going there & blah blah. Whats the fun in making such a call without any analysis? Once we have this order in place, we can move one level and request people to post SL, TP etc. Right now, lets insist...
Yep, fair comment mate, its good to see that you have recognised the issue, and are gradually dealing with it in a steady and sensible way..... keep up the good work, well done.
  • #17,646
  • Oct 15, 2014 10:01pm Oct 15, 2014 10:01pm
Quoting ClockTrader
Here is my comprehensive view from today's VVSA. Its about time, 12 pm NY (EST) Oct-Bull didn't go on break but is showing off its balls and muscles. Sell Range: 1240-50 SL depends on MM, weight of position etc. I'll call it a day now. Trade Safe! PS: My view and positions right now are short. {image}
Repeat..

Sell Range: 1240-50

Trade Safe!

PS: My view and positions right now are short.
Hello World!
  • #17,647
  • Oct 15, 2014 10:22pm Oct 15, 2014 10:22pm
Long term view of Gold:

This is the last stand for gold bulls in my opinion. Within a few months, perhaps in early 2015, it looks highly probable we will drop sharply below the 1180 support. The most likely area of major support after this is 1000. This will be defended aggressively by the bulls. Going back a few a years, look at the rejection we had in 2008 (massive 34% correction) and 2009 (14%). Eventually, Gold should be back under 1000 and stay there. But this could take years to pan out.

Short-Medium term:

I will continue to ride this last bull wave, feeding off the weak bears. This 1245/50 area is the first major nut we have to crack, may take a couple of weeks. A chance to reload longs ~1220 would be nice. 1264/1271 is where bigger bears will be looking to re-load but I would not count out a higher spike to really clean out the weak bears. At this point I will be looking for a scary ride down to 1000 and beyond..
  • #17,648
  • Oct 15, 2014 10:48pm Oct 15, 2014 10:48pm
Interesting view. My view about multi-year bearish trend fits right with your call, but, I would like to cite the year 2008 which was an exception during year after year bull run. Similarly, there is going to be an exception in one of the coming years as well, therefore, I'm going to be cautious.

Starting this Dec until June-2015, it should be very easy for bears to rule.

As for 'now' view, there is going to be huge resistance in the area 1245-60, IF price reaches 1265 and IF it appears it'll continue to climb, I'll take loss.

I'd like to wait for NY morning to see how patterns unfold until then.

Quoting diggo
Long term view of Gold: This is the last stand for gold bulls in my opinion. Within a few months, perhaps in early 2015, it looks highly probable we will drop sharply below the 1180 support. The most likely area of major support after this is 1000. This will be defended aggressively by the bulls. Going back a few a years, look at the rejection we had in 2008 (massive 34% correction) and 2009 (14%). Eventually, Gold should be back under 1000 and stay there. But this could take years to pan out. Short-Medium term: I will continue to ride this last...
Hello World!
  • #17,649
  • Oct 15, 2014 10:52pm Oct 15, 2014 10:52pm
My thought on XAUUSD is that we are in distribution phase
I'm expecting that we will see a test on 1250, then continue south
  • #17,650
  • Oct 15, 2014 10:55pm Oct 15, 2014 10:55pm
Quoting ClockTrader
Here is my comprehensive view from today's VVSA. {image}
By the way CT, what does VVSA stands for? Is it the same as VSA?
  • #17,651
  • Oct 15, 2014 11:02pm Oct 15, 2014 11:02pm
Quoting grandia
{quote} By the way CT, what does VVSA stands for? Is it the same as VSA?
Yea, VSA, I just elongated it a bit. Volatile VSA.

We analyze only volatile bars, so VVSA.
Hello World!
  • #17,652
  • Oct 15, 2014 11:07pm Oct 15, 2014 11:07pm
Quoting grandia
My thought on XAUUSD is that we are in distribution phase I'm expecting that we will see a test on 1250, then continue south
1276
Gold Annihilation System
  • #17,653
  • Oct 15, 2014 11:56pm Oct 15, 2014 11:56pm
i love to trade in retracement, today short @1253-1248 is my target(if gold go to 1250+)
  • #17,654
  • Edited 3:06am Oct 16, 2014 1:54am | Edited 3:06am
Hello Traders! How exciting is this... !!! Hope everyone is well

Entry@1242 : strategy (1H TF), work on the ABC correction patterns (assumed crack&snap off previous tend-line) for tight trades (+strong D S&R) - look for longer runner (could break down under lows - 61.8 retrace max?). TP1 complete @ around 1:3 Risk:R (50% split risk on runner). Amended strategy - if PA comes back to entry set SL to BE+a bit more.

EDT: ok, reset [email protected] - not looking good - was hoping for pin-bar long trap - i suspect that they want to take it higher but need more pip fuel - come on pin bar low! (Agreement on price disagreement on value.) Sure, there always the risk that I could become part of the pip fuel for the journey south. 1241.53 so close was sweating - they want to jerk it high - a failed 2nd entry long or my SL will be hit - I'm out! Hit SL.
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  • #17,655
  • Oct 16, 2014 3:19am Oct 16, 2014 3:19am
That's a sexy bull flag happening on the hrly.
As the lights go by so too do the shadows move
  • #17,656
  • Oct 16, 2014 3:29am Oct 16, 2014 3:29am
Quoting Matts Micro
That's a sexy bull flag happening on the hrly.
It needs to break out through some tough resistance, hence my hope of a bit of a false-break-pin-bar short
  • #17,657
  • Oct 16, 2014 3:33am Oct 16, 2014 3:33am
huumm gold hits the up and down of cage wants to make a swing move I prefer buying deep with tight SL
  • #17,658
  • Oct 16, 2014 4:25am Oct 16, 2014 4:25am
Quoting griffinssoul
{quote} It needs to break out through some tough resistance, hence my hope of a bit of a false-break-pin-bar short
With uncertainty in the USD Gold imo may start to look like a safe haven again. More will be known after USD news tonight (Oz time).
As the lights go by so too do the shadows move
  • #17,659
  • Edited 5:03am Oct 16, 2014 4:31am | Edited 5:03am
Quoting Matts Micro
{quote} With uncertainty in the USD Gold imo may start to look like a safe haven again. More will be known after USD news tonight (Oz time).
USD could be diving (looking great at the moment... in 2 trades short NU&AU...just got triggered into EU&UChf @1:1 already) but VIX has corrected ... where is CT?

CT, got a summary for us please?
  • #17,660
  • Oct 16, 2014 5:06am Oct 16, 2014 5:06am
Quoting Mr.C
Pending Gold sell placed @ 1236,25. SL @ 1241,25.
Hello traders. Didn't get the Gold price I was waiting for. Sell order from 1236,25 has been canceled. South move happened but only 1221 area has been reached. 30 pips short to the planned ~1218 TP zone.

Good luck today!
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