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  • #18,001
  • Oct 23, 2014 10:58am Oct 23, 2014 10:58am
I wonder if you were sharing your trades here when you were selling?

Quoting Kah
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,...
Hello World!
  • #18,002
  • Oct 23, 2014 11:09am Oct 23, 2014 11:09am
Quoting Karpa
{quote} typo right? or are you expecting bad fundamental numbers Thanks
Was technical, it broke down.
Quoting haider13
{quote} doesn't look so good
Contingency plan was in place (already short). caught +184 unloaded and in again of 50%
Founder of Sutherland Wave Principle
  • #18,003
  • Oct 23, 2014 11:13am Oct 23, 2014 11:13am
Quoting Devonsent
{quote} 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
It's just analyzing (quessing). If I would know I would be in the Maldives drinking dry martini to breakfast..

But I "think" Gold will go down to the 1200 - 1180 zone. Maybe it goes down below or up again.

Inserted Video
  • #18,004
  • Oct 23, 2014 11:17am Oct 23, 2014 11:17am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting ClockTrader
I wonder if you were sharing your trades here when you were selling? {quote}
No - not at all. People get offended CT, and you know me...I come everyday and continuously read but the name of the game is - 'do what other's fear'.

Everyone was in two minds at that juncture and that's what made me make the move of course backed by the technicals I drew and studied.

  • #18,005
  • Oct 23, 2014 11:27am Oct 23, 2014 11:27am
Quoting Elhemano1
{quote} It's just analyzing (quessing). If I would know I would be in the Maldives drinking dry martini to breakfast.. But I "think" Gold will go down to the 1200 - 1180 zone. Maybe it goes down below or up again. https://www.youtube.com/watch?v=MB8tA3slkPo
. . . and I'd be sitting next to you buying the next round!

I think that gold is going down, much longer term, but hope that over the next couple of weeks it retraces back towards and through 1275 at least.
  • #18,006
  • Oct 23, 2014 11:31am Oct 23, 2014 11:31am
Quoting Devonsent
{quote} . . . and I'd be sitting next to you buying the next round! I think that gold is going down, much longer term, but hope that over the next couple of weeks it retraces back towards and through 1275 at least.
hehe, Nice one Its a deal.
  • #18,007
  • Edited 12:14pm Oct 23, 2014 11:32am | Edited 12:14pm
I agree with bearish view. The last uptrend move was probably only a correction of the long term bearish trend. EURUSD jumped from 1.25 and most importantly, SPX was sold off notably, but recovered and willing to make new highs. As long as stocks are gonna rise, we wont see gold above 1300 USD. I was stopped out on longs below 1240, closing below 1240 on a daily and weekly basis should attract new bears into the market, aiming for 1200/1180.
  • #18,008
  • Oct 23, 2014 11:50am Oct 23, 2014 11:50am
Quoting suthmo
{quote}Was technical, it broke down.
Lol that's ok, no worries, keep it up
  • #18,009
  • Oct 23, 2014 1:19pm Oct 23, 2014 1:19pm
I see this pattern many times and notice that it likely go down. I checked pivot points on my PC and found that it try to close below the 3rd support line. Sorry for not attaching graphics for support line cuz I'm posting from iPad.
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Trade at your own risk. Don't follow one's opinion.
  • #18,010
  • Oct 23, 2014 8:10pm Oct 23, 2014 8:10pm
Careful buying around here... this could fall hard. Trend still down, momentum on daily pointing lower...
  • #18,011
  • Oct 23, 2014 11:07pm Oct 23, 2014 11:07pm
Reasons I believe bearish is not over:

1. Clean & Clear bottom-out on H1 (VVSA) is pending.
2. Oct-29 Contract expiry pending
Hello World!
  • #18,012
  • Oct 24, 2014 12:08am Oct 24, 2014 12:08am
Quoting ClockTrader
Reasons I believe bearish is not over: 1. Clean & Clear bottom-out on H1 (VVSA) is pending. 2. Oct-29 Contract expiry pending
On the contrary, I just advised a couple of investors to begin buying in small amounts.

This means it may not be best time for a trader to go long, but, for investors, they may wanna try light longs.
Hello World!
  • #18,013
  • Oct 24, 2014 4:12am Oct 24, 2014 4:12am
Afternoon all
Respect the inescapable certainity of Math
  • #18,014
  • Oct 24, 2014 4:19am Oct 24, 2014 4:19am
Hi all,

I've attached a 4 hr chart which shows an intraday buying possibility has presented itself ref the vertical dotted signal line on the chart. With the exception of volumn that I've highlighted, all indcators are red and in the right place, which for me makes it a worthwhile trading opportunity at least.

Stop loss and target are discretionary, my stop is 1222.

We will see
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  • #18,015
  • Oct 24, 2014 7:21am Oct 24, 2014 7:21am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Well - I am again long from 1228 with SL at 1222 and I think now when it has breached that 1332 support area, we might see an initial bounce back to 1236 and then if it closes the day above the 1236ish area then we might be seeing a revisit to test 1255 resistance area and for those who want to hear a little more longer term approach if it breaks that 1255 area this time then initially we might be seeing 1269 but if again a selling pressure gets developed like it previously did in that 1255 zone than we are seeing at least a 38.2% correction which might not hold next time and a revisit of 1215 key support area could not be over ruled.

I would definitely be coming out of my longs by 1248 and try to take a chance with 1253 as a shorting range with a 1260 SL.

For now I am long and if it closes above the 1236 area - I would love to add more on Monday during the mid of European Session.

Cheers,
KAH
  • #18,016
  • Oct 24, 2014 7:28am Oct 24, 2014 7:28am
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Ro IMRAN Ro
  • #18,017
  • Oct 24, 2014 7:43am Oct 24, 2014 7:43am
Hey traders, looking like a classic flag on the 1H TF...
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  • #18,018
  • Edited 8:22am Oct 24, 2014 7:47am | Edited 8:22am
Quoting Jamil7354
{image} {image} {image} {image} {image}
Thanks Jamil, Kah, CM, Landline, and all... ...and of course CT!
  • #18,019
  • Oct 24, 2014 8:14am Oct 24, 2014 8:14am
silver is damn bullish but gold....
  • #18,020
  • Oct 24, 2014 8:31am Oct 24, 2014 8:31am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting Rashidtrade
silver is damn bullish but gold....
Let's not forget the PA movement, Silver plunged before Gold and there was a heavy zig zag while Gold was steady. The PA movements of the past if correlated with the present, you will get your answer. Let's wait and watch!

Personally I am heavy with longs so I wouldn't comment or analyze wisely, just waiting to see Gold breaching 1236 and closing above it on daily basis. Let's see and move forward.

Cheers,
KAH
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