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Only Gold!

  • #17,661
  • Oct 16, 2014 5:27am Oct 16, 2014 5:27am
Quoting Mr.C
{quote} 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! {image}
I had buy limit at 1223 first then lowered to 1220.50 - now regret
Gold Annihilation System
  • #17,662
  • Oct 16, 2014 7:13am Oct 16, 2014 7:13am
...a break of the 3 fractal lows there for 1237 might finally give the pin-bar trade mentioned above
  • #17,663
  • Oct 16, 2014 7:44am Oct 16, 2014 7:44am
start shorting
Cause: good result of us data
  • #17,664
  • Oct 16, 2014 7:50am Oct 16, 2014 7:50am
attempting a small trade purely based on usd index.. entered a long @1238 tp @1243.. just a spin cuz im bored with the side ward movement today.. Sl @1335
  • #17,665
  • Oct 16, 2014 7:55am Oct 16, 2014 7:55am
Quoting ClockTrader
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...
Fair call, the 2008 move also plays on my mind and has some question marks surrounding it, but I'm sure it will still have a major influence deciding the next major support level.

Good luck with your shorts. I'd say it's unusual if we don't reach at least 1264 before heading lower again.
  • #17,666
  • Oct 16, 2014 7:57am Oct 16, 2014 7:57am
Quoting griffinssoul
{quote} 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?
Confusing patterns on M15, my view & positions remain same: short

Mitigated risk from my shorts, today's PA helped.

Trade Safe

PS: Been busy in offline stuff today. You won't find me always around.
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  • #17,667
  • Oct 16, 2014 8:18am Oct 16, 2014 8:18am
clingy gold.
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  • #17,668
  • Oct 16, 2014 8:49am Oct 16, 2014 8:49am
Based on the bottom holding
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To live a successful life, we must lose our fear of being wrong
  • #17,669
  • Edited 9:11am Oct 16, 2014 8:57am | Edited 9:11am
1237 - 1238.10 seem to be a very strong range

IF price break below with the two previous good news for USA, Gold is going into a deep correction

IF price hold above and break out the trend line above, Bull flag is complete and will continue upward trend.

Next holding level after 1250 should be at 1275-1281 range

If break downward, 1218-1222 with be the bottom range.

Im on Bull for this.

Just my 2 cents
  • #17,670
  • Oct 16, 2014 9:38am Oct 16, 2014 9:38am
Quoting haider13
attempting a small trade purely based on usd index.. entered a long @1238 tp @1243.. just a spin cuz im bored with the side ward movement today.. Sl @1335

TP hit
  • #17,671
  • Oct 16, 2014 9:41am Oct 16, 2014 9:41am
I don't mean to be rhetorical but physical demand for gold is very low.
Gold is retracing due to USD weakness.

Cheers
  • #17,672
  • Oct 16, 2014 10:10am Oct 16, 2014 10:10am
Quoting Karpa
I don't mean to be rhetorical but physical demand for gold is very low. Gold is retracing due to USD weakness. Cheers
I totally agree with you on that Karpa
  • #17,673
  • Oct 16, 2014 10:54am Oct 16, 2014 10:54am
Quoting Karpa
I don't mean to be rhetorical but physical demand for gold is very low. Gold is retracing due to USD weakness. Cheers
Who says the Fed only helps bankers? Thanks to ridiculous statement from Bullard of the Fed, I have added to my gold and S&P shorts at higher levels.
"The market can remain irrational longer than you can remain solvent"
  • #17,674
  • Oct 16, 2014 10:56am Oct 16, 2014 10:56am
Quoting anton.olff
{quote} Who says the Fed only helps bankers? Thanks to ridiculous statement from Bullard of the Fed, I have added to my gold and S&P shorts at higher levels.
Same here
  • #17,675
  • Oct 16, 2014 11:47am Oct 16, 2014 11:47am
tomorrow is black Friday, gold should be down and i think the fall is happen in catastrophically, so safe trading is the best policy
  • #17,676
  • Oct 16, 2014 11:58am Oct 16, 2014 11:58am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quote
Goldengun - tomorrow is black Friday, gold should be down and i think the fall is happen in catastrophically, so safe trading is the best policy

Just reiterating ClockTrader - I would love to hear a valid justification behind that? or is it just a hypothetical bias you are having in case you have some shorts lying pending with your good self.

Sorry CT - for replying to the thread so very occasionally. But I come everyday, filter out your posts and love following your technicals. Except those war situations which we have discussed earlier

Cheers,
KAH
  • #17,677
  • Edited 7:59pm Oct 16, 2014 5:54pm | Edited 7:59pm
Quoting griffinssoul
...a break of the 3 fractal lows there for 1237 might finally give the pin-bar trade mentioned above
...there is a pin-bar there (1H TF, locally a morning star kind-of if going long with obvious SL) but not convincing @50% retrace... I have no idea... Black Friday (1869) sounds good to me... (check 4H TF, coin-flipping would have landed south)
  • #17,678
  • Oct 16, 2014 9:36pm Oct 16, 2014 9:36pm
My H1 analysys + m15 zones says that the ride up is not over yet
Medium BIAS - LONG
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Gold Annihilation System
  • #17,679
  • Oct 16, 2014 9:50pm Oct 16, 2014 9:50pm
Quoting Hunterrus
My H1 analysys + m15 zones says that the ride up is not over yet Medium BIAS - LONG {image}
Thanks Hunterrus. I'm looking at the 1D VIX, its down at the moment. Don't like the 4H TF. Hang tight
  • #17,680
  • Oct 16, 2014 10:54pm Oct 16, 2014 10:54pm
Mate, you are always welcome here.

Quoting Kah
{quote} Just reiterating ClockTrader - I would love to hear a valid justification behind that? or is it just a hypothetical bias you are having in case you have some shorts lying pending with your good self. Sorry CT - for replying to the thread so very occasionally. But I come everyday, filter out your posts and love following your technicals. Except those war situations which we have discussed earlier Cheers, KAH
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