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  • #18,261
  • Oct 29, 2014 8:44pm Oct 29, 2014 8:44pm
Quoting mcgross
Dear CT, how did vsa guide you to close your position?
I had light longs @ ~1223 yesterday. VVSA is showing me a bottom range of 1190 - 1225 to go long from.

It didn't guide me to close any open position.
Hello World!
  • #18,262
  • Oct 29, 2014 8:47pm Oct 29, 2014 8:47pm
Quoting forexer11
{quote} HELLO ... i am short also depending on technical analysis ? can u share why u r short i mean depend on ?
Sorry for late reply.
I closed my shorts @1215.
I shorted on technical analysis.
Money never sleeps I can hear the dollar calling me
  • #18,263
  • Oct 29, 2014 9:01pm Oct 29, 2014 9:01pm
Quoting ClockTrader
{quote} I had light longs @ ~1223 yesterday. VVSA is showing me a bottom range of 1190 - 1225 to go long from. It didn't guide me to close any open position.
Closed light longs in red & re-initiated 1 long for weight & strategy related reasons.

I expect this to bottom out within 24-48 hrs, latest by early next week, bottom range IMHO: 1190-1225
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  • #18,264
  • Oct 29, 2014 9:05pm Oct 29, 2014 9:05pm
Quoting ClockTrader
{quote} Closed light longs in red & re-initiated 1 long for weight & strategy related reasons. I expect this to bottom out within 24-48 hrs, latest by early next week, bottom range IMHO: 1190-1225
Since, 1190-1225 looks too big to go long from, here I share a relatively small range which is the bottom of this bear rally IMHO.
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 15 KB
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  • #18,265
  • Oct 29, 2014 9:17pm Oct 29, 2014 9:17pm
US has stopped its QE and now gold plus euros are in deep trouble..

Buy limit at 1206 and deep down further..
  • #18,266
  • Oct 29, 2014 9:53pm Oct 29, 2014 9:53pm
Quoting ClockTrader
{quote} Since, 1190-1225 looks too big to go long from, here I share a relatively small range which is the bottom of this bear rally IMHO. {image}
Adjusted the bottom range as per my old speculation.

1192-1215

We got hot data coming in the US session ahead, IF price falls, I'm very hopeful of a bottom out (VVSA) on top of this H1 & H4, this could occur on M15, M30 maybe even H1, IF that happens, I would add a long, already got 1.
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 13 KB
Hello World!
  • #18,267
  • Oct 30, 2014 12:32am Oct 30, 2014 12:32am
Quoting ClockTrader
{quote} Adjusted the bottom range as per my old speculation. 1192-1215 We got hot data coming in the US session ahead, IF price falls, I'm very hopeful of a bottom out (VVSA) on top of this H1 & H4, this could occur on M15, M30 maybe even H1, IF that happens, I would add a long, already got 1. {image}
Closed the only long I had, took a small loss. I'll wait for next bottom-out, will sit on sidelines.
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  • #18,268
  • Oct 30, 2014 12:40am Oct 30, 2014 12:40am
Quoting ClockTrader
{quote} Closed the only long I had, took a small loss. I'll wait for next bottom-out, will sit on sidelines.
Price is going to test the new low after weeks (1208).
I think we are very close to the bottom of this week.
Looking for a good position to long too =)
  • #18,269
  • Oct 30, 2014 12:42am Oct 30, 2014 12:42am
Wherever it goes, gold will close above 1200 by the year end.
You cannot learn better without losing
  • #18,270
  • Oct 30, 2014 1:15am Oct 30, 2014 1:15am
Quoting forexings
Wherever it goes, gold will close above 1200 by the year end.
Maybe it will not close above 1200 by the end of the day
  • #18,271
  • Oct 30, 2014 1:26am Oct 30, 2014 1:26am
Quoting goldstreet
{quote} Maybe it will not close above 1200 by the end of the day
He is talking about year end.

Why do you think Gold may not close above 1200 by the end of day?
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  • #18,272
  • Oct 30, 2014 1:27am Oct 30, 2014 1:27am
nice call CT,

anyway spotted divergence in H1, trying to load some long from 1206. Tp .1209
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  • #18,273
  • Oct 30, 2014 1:28am Oct 30, 2014 1:28am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting goldstreet
{quote} Maybe it will not close above 1200 by the end of the day
Very true mate - but a little of the technical jargon would do good too.
  • #18,274
  • Oct 30, 2014 1:28am Oct 30, 2014 1:28am
Quoting mcgross
nice call CT, anyway spotted divergence in H1, trying to load some long from 1206. Tp .1209 {image}
I'm badly confused.

need a break, preferably till NY morning.
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  • #18,275
  • Oct 30, 2014 1:33am Oct 30, 2014 1:33am
Quoting ClockTrader
{quote} He is talking about year end. Why do you think Gold may not close above 1200 by the end of day?
I know mate. Just joking with him. If we see good numbers for unemployment claims then I believe will close under 1200 and further down. And eur news will help the $ to strength more. Talking from news respect not trend. Anyway just my thought. Nothing for sure.
  • #18,276
  • Oct 30, 2014 1:35am Oct 30, 2014 1:35am
Quoting Kah
{quote} Very true mate - but a little of the technical jargon would do good too.
just talking about today mate. News will do big effect. Good luck
  • #18,277
  • Oct 30, 2014 1:39am Oct 30, 2014 1:39am
Quoting mcgross
nice call CT, anyway spotted divergence in H1, trying to load some long from 1206. Tp .1209 {image}
Waiting daily S1 pivot (1203) to load an entry.
If it breaks before NY open market, price might go down further.
  • #18,278
  • Oct 30, 2014 1:41am Oct 30, 2014 1:41am
I hate my analysis sometimes, it can be f...... too good numerous times in a row.

and heck, I try to trade what if I am wrong? lolz

By 2020, I'm gonna start trusting myself blindly IF it continues like that.

I think I should trust my analysis more.

Edit: Eng. Grammar error
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 17 KB
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  • #18,279
  • Oct 30, 2014 1:47am Oct 30, 2014 1:47am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Well - I don't see a single reason fundamentally - why Gold would go up.

Technically - I am also confused.

So for the moment - I would be following the correlation of the DIX and Gold and take advantage from the strength of the Dollar and selling Gold, with an aim to 1192 and then I will keep a clean slate. I would love to buy back from the 1205 level and won't be risking myself in the lower area and ending up having a bag full of useless longs.

Cheers,
KAH
  • #18,280
  • Oct 30, 2014 1:48am Oct 30, 2014 1:48am
Quoting ClockTrader
I hate my analysis sometimes, it can be f...... too good numerous times in a row. and heck, I try to trade what if I am wrong? lolz By 2020, I'm gonna start trusting myself blindly IF it continues like that. I think I should trust my analysis more. Edit: Eng. Grammar error {image}
2020 too long years. You are doing too good now. You can trust your self blindly and make couple of millions till 2020.
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