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  • #17,981
  • Oct 23, 2014 8:19am Oct 23, 2014 8:19am
Quoting BullBearing
{quote} Yeah but that's not the main point, if more people source their news from cnbc and not ForexFactory, then the figures the cnbc release are gonna have more of an impact as more traders are following cnbc.
Thats true my friend.

Thanks for sharing..

Somewhat one resources can be different from one another. So which one is more reliable? I've no clue.

I have a bad experiences from the site you shared here, it says 1 green and 1 red while FF says 1 red and 1 green. It makes me lost for quite a lot of money.

So I think I'm going to keep checking around while I trust FF and also this thread, CT and all your inputs.

Thanks
  • #17,982
  • Oct 23, 2014 8:50am Oct 23, 2014 8:50am
Its alright to not post a chart, even though its indeed great if you can. However, every call must have a reasoning.

I'm working on a new strategy, just a little refined of what I've been using by far. I'll be posting lesser calls while I'm working on it.

PS: Neat support on M15 on top of yesterday's M30. IF the support was on H1, I'd be buying madly.
Hello World!
  • #17,983
  • Oct 23, 2014 8:51am Oct 23, 2014 8:51am
Quoting haider13
{quote} you are right.. DAMMIT !! i just checked on another site.. Forex Factory effed us up?:/ i cut my shorts because of it !! urghh {image}
Ok, here are the net traffic stats for ff : http://www.alexa.com/siteinfo/forexfactory.com : broken down link-wise just compare them with the other sites you access to give a rough estimate of relative popularity(?)
  • #17,984
  • Oct 23, 2014 8:58am Oct 23, 2014 8:58am
Quoting ClockTrader
Its alright to not post a chart, even though its indeed great if you can. However, every call must have a reasoning. I'm working on a new strategy, just a little refined of what I've been using by far. I'll be posting lesser calls while I'm working on it. PS: Neat support on M15 on top of yesterday's M30. IF the support was on H1, I'd be buying madly.
How to define a neat support at M15? any reasons or chart so I can learn?

Thanks mate..
  • #17,985
  • Oct 23, 2014 9:03am Oct 23, 2014 9:03am
EMA 400 supported 2 times on H1 before, and I trust it
so I am looking for a well buy around 1233
  • #17,986
  • Oct 23, 2014 9:03am Oct 23, 2014 9:03am
Where is the support ..........................!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
  • #17,987
  • Oct 23, 2014 9:19am Oct 23, 2014 9:19am
Gold is going down. 2 pos short with target 1180. The bull trend are just a retrace from the last weeks. Still downtrend.
Attached Image (click to enlarge)
Click to Enlarge Name: XAU-23.10.14.jpg Size: 207 KB
  • #17,988
  • Oct 23, 2014 9:22am Oct 23, 2014 9:22am
Be very careful trying to pick a bottom or buy the dip. This *could* be down trend resumption heading <$1000...
Anything can happen.
  • #17,989
  • Oct 23, 2014 9:29am Oct 23, 2014 9:29am
Quoting ddinnov
Be very careful trying to pick a bottom or buy the dip. This *could* be down trend resumption heading <$1000...
Yes indeed, buying is very risky, it always worth a try to grab some dollars, but this massive dump i wouldn't buy it yet

Below 1000 is my target, i thought we would have headed toward 1,270/90 before though
COT: The precious data ignored
  • #17,990
  • Oct 23, 2014 9:34am Oct 23, 2014 9:34am
Most news on fore3x factory etc become visible 3 to 5 minutes after the news and impact. What can be done to get the news on time?
  • #17,991
  • Oct 23, 2014 9:41am Oct 23, 2014 9:41am
Quoting ClockTrader
Its alright to not post a chart, even though its indeed great if you can. However, every call must have a reasoning. I'm working on a new strategy, just a little refined of what I've been using by far. I'll be posting lesser calls while I'm working on it. PS: Neat support on M15 on top of yesterday's M30. IF the support was on H1, I'd be buying madly.

12 pm NY approaching, we'll get to see bottom of the day.

Glad I closed 4 shorts @ 1238.
I had opened these @ 1243
Hello World!
  • #17,992
  • Oct 23, 2014 9:44am Oct 23, 2014 9:44am
Quoting ClockTrader
{quote} 12 pm NY approaching, we'll get to see bottom of the day. Glad I closed 4 shorts @ 1238. I had opened these @ 1243
another 1 hour and 15 minutes..

Is this the lowest gold will go CT?

Need your input since I cant think anything right now.

Loosing a lot of money
  • #17,993
  • Oct 23, 2014 9:45am Oct 23, 2014 9:45am
Quoting vp920b
{quote} How to define a neat support at M15? any reasons or chart so I can learn? Thanks mate..
Check the VVSA charts I posted earlier today & yesterday.
Hello World!
  • #17,994
  • Oct 23, 2014 9:49am Oct 23, 2014 9:49am
Quoting Elhemano1
Gold is going down. 2 pos short with target 1180. The bull trend are just a retrace from the last weeks. Still downtrend. {image}
Longer term, I'm not sure I understand this perception that it's going to continue down to <1000.
We have a triple bottom from July, January and October.
The first time, it retraced 2500 pips and in January, it pulled back 2100.
What makes you believe that it is only going to allow 600 pips this time and not move on back towards 133xx over the next few months?

Edit: I can see it hitting 1223x before turning back up
  • #17,995
  • Oct 23, 2014 9:51am Oct 23, 2014 9:51am
Quoting vp920b
{quote} another 1 hour and 15 minutes.. Is this the lowest gold will go CT? Need your input since I cant think anything right now. Loosing a lot of money
I said we should be able to see the bottom level of the day.

Like I said earlier, IF there was a bottom out on H1 (VVSA), I would be buying in loads. Only multiple supports on VVSA (M15).

Right now I can see two types of supports:

1. VVSA M15
2. SMA (555) H1 @ 1223 level

Tomorrow will tell if 1222 can hold the fall & maybe some bounce.

IF 1222 breaks decisively, we could be seeing levels below 1200
Hello World!
  • #17,996
  • Oct 23, 2014 10:07am Oct 23, 2014 10:07am
Quoting ClockTrader
{quote} I said we should be able to see the bottom level of the day. Like I said earlier, IF there was a bottom out on H1 (VVSA), I would be buying in loads. Only multiple supports on VVSA (M15). Right now I can see two types of supports: 1. VVSA M15 2. SMA (555) H1 @ 1223 level Tomorrow will tell if 1222 can hold the fall & maybe some bounce. IF 1222 breaks decisively, we could be seeing levels below 1200
Cheers mate. Appreciate it.

I bought another at 1229 since it is last week low and good buying points according to me and my friend analysis.

We'll see how it goes..
  • #17,997
  • Oct 23, 2014 10:15am Oct 23, 2014 10:15am
Quoting tbngfuego
{quote} I think ink the gold doled is due to the jpy sell off, not because do the strength of usd. watch jpy today.
Spot on!

I'm seeing a clear negative correlation
Attached Image (click to enlarge)
Click to Enlarge Name: JPY-GLD.png Size: 53 KB
  • #17,998
  • Oct 23, 2014 10:16am Oct 23, 2014 10:16am
gold suffer huge drop today, why silver not following gold?
  • #17,999
  • Oct 23, 2014 10:23am Oct 23, 2014 10:23am
why gold down in the bad us data
ans: lets do this metal what it's want
  • #18,000
  • Oct 23, 2014 10:25am Oct 23, 2014 10:25am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
I was heavy on the Sell Side at 1253 - started shorting after 1247 till 1253, then I was a little confused at 1255 but since it didn't held up to that level neither broke or closed above the key level of 1260, I thought of remaining in the same shoes till at least 1236. SO it happened today.

Now again, seeing 1226 as a strong support - I would now itself will start buying with a SL of 1208, breaching which we will enter into a run towards the 1180ish area.

All longs are with the initial TP of 1242 but if it would close the day anywhere above 1242, I would hold it till 1252.

Cheers,
KAH
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