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Only Gold!

  • #18,381
  • Oct 31, 2014 2:16am Oct 31, 2014 2:16am
Quoting ClockTrader
{quote} You are right my friend, but your post just worked like a wake up call for me. No matter how low it goes, there is supposed to be a Bull rally after that, no matter how bearish it is, price has to climb back to kill the sellers.

I know CT, I'm rather like you following chart, but starting from now, I'll just stay away, because this is simple manipulation, look at it, now it'll be a terrible bear rally on NY session, we have no clue where this is gonna land, manipulation can bring it anywhere... 1000, 800,... it'll go wherever the central banks want it to be. all levels are possible now, this is like an open door to space, just take care and be careful, way to risky to my eyes from now.
  • #18,382
  • Oct 31, 2014 2:16am Oct 31, 2014 2:16am
Quoting ClockTrader
{quote} Sounds like a BAD STRATEGY!
Yeah maybe but I will set my tp @1600 I don't know how long I've to hold that but I will hold long enough! very small lot so no problem for me!
Money never sleeps I can hear the dollar calling me
  • #18,383
  • Oct 31, 2014 2:16am Oct 31, 2014 2:16am
after Fed statement ,I lost $1800 and closed all my longs
but now I am happy that I am out of such a market
  • #18,384
  • Oct 31, 2014 2:19am Oct 31, 2014 2:19am
Quoting shivam332
{quote} Yeah maybe but I will set my tp @1600 I don't know how long I've to hold that but I will hold long enough! very small lot so no problem for me!
For levels like 1600, you'll have to hold for at least 6 - 8 yrs IMHO, thereafter, in another 5-6 years I expect this to fly through 1900 as well.

On the bad side, if you invest now and hold for so long, the daily rollover charges (interest you pay your broker) might eat your entire account.

edit: **
Hello World!
  • #18,385
  • Oct 31, 2014 2:21am Oct 31, 2014 2:21am
Yesterday I've done 5 things, and four of them were excellent, and fifth was good enough
1. Follow CT - go short
2. Follow CT - go short
3. Follow CT - go short
4. Follow CT - go short
5. Follow CT - TP 1190

Mining gold
  • #18,386
  • Oct 31, 2014 2:26am Oct 31, 2014 2:26am
Quoting ClockTrader
{quote} For levels like 1600, you'll have to hold for at least 6 - 8 yrs IMHO, thereafter, in another 5-6 years I expect this to fly through 1900 as well. On the bad side, if you invest now and hold for so long, the daily rollover charges (interest you pay your broker) will broker might eat your entire account.
My projection for 1600 is 3-4 years. Yeah, you're right rollover charges will kill my account, but at the other hand I'm buying hard physical Gold which will surely give me nice profits in future!
Money never sleeps I can hear the dollar calling me
  • #18,387
  • Oct 31, 2014 2:28am Oct 31, 2014 2:28am
1155 is on Monthly 0.618 FIB.
  • #18,388
  • Oct 31, 2014 2:30am Oct 31, 2014 2:30am
NY session will decide for gold's way today, if bulls returns it to 1200 area we can long since next monday!
  • #18,389
  • Oct 31, 2014 2:33am Oct 31, 2014 2:33am
After such a break of a triple yearly bottom you really expect it to go up ? Nah...
Plus this is not like it broke with a hard fight on NY session, nah, it broke on Londons one to fall 5 dollars under the support with an easiness i can't describe (just because of the Japanese QE), it's like a call "Sell me sell me", I'd rather stay away, there's money to make somewhere else
  • #18,390
  • Oct 31, 2014 2:41am Oct 31, 2014 2:41am
Quoting shivam332
{quote} My projection for 1600 is 3-4 years. Yeah, you're right rollover charges will kill my account, but at the other hand I'm buying hard physical Gold which will surely give me nice profits in future!
You look too young to understand practical implications & psychological problems. I've done all this.. bought physical Gold, invested online etc. etc.

Simply investing for 5 years in a bearish market will finally break your morale.

Wish you Good luck!
Hello World!
  • #18,391
  • Oct 31, 2014 2:42am Oct 31, 2014 2:42am
Quoting AmiFX
1155 is on Monthly 0.618 FIB.
Given VVSA patterns unfolding on H1, you maybe right.

Lets wait until NY morning.
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 16 KB
Hello World!
  • #18,392
  • Oct 31, 2014 2:48am Oct 31, 2014 2:48am
I dont think it will go down further thatn that...at least for a week or month...it has gain 20-30 USD first
always draw trendlines
  • #18,393
  • Oct 31, 2014 2:50am Oct 31, 2014 2:50am
it is a pure SPECULATION by some bastards or bunch of brokers to kill traders funds
always draw trendlines
  • #18,394
  • Oct 31, 2014 2:52am Oct 31, 2014 2:52am
Quoting tk5
it is a pure SPECULATION by some bastards or bunch of brokers to kill traders funds
Who are you calling B....... ? I request you to not use such abusive language pointing to someone who speculates.
Hello World!
  • #18,395
  • Oct 31, 2014 2:55am Oct 31, 2014 2:55am
Quoting ClockTrader
{quote} Who are you calling B....... ? I request you to not use such abusive language pointing to someone who speculates.
speculation not by traders...intentional speculation by outside forces (big players)
always draw trendlines
  • #18,396
  • Oct 31, 2014 3:05am Oct 31, 2014 3:05am
Quoting tk5
{quote} speculation not by traders...intentional speculation by outside forces (big players)
My friend, if you don't like someone, yell them from inside your room. You have no right to use such language here. When I wish to calm my mind, I do some Yoga and take a nap. I'll take a break now.

Thanks & have a nice day.
Hello World!
  • #18,397
  • Oct 31, 2014 3:12am Oct 31, 2014 3:12am
I wonder why would anyone go longs, its full time short for now. Selling the rallies if the way to go.

All bounces have been weak so far. Within a couple of weeks/months we could be heading below 1000
COT: The precious data ignored
  • #18,398
  • Oct 31, 2014 3:14am Oct 31, 2014 3:14am
Quoting mact4
{quote} Hey, this is great. My chart history can only goes as far back as April 2011. {image}Saw the triangle formation and an ABCDE correction on weekly; saw a correction down (wave 2 on my chart) was due. It was the future forecast after completion of Wave E that bothered me. As I understood it, after a triangular correction, price would carry on down - logically that made no sense. Very hard to see how gold would drop to 5-600, especially given the triple bottom. Your analysis makes so much more sense. Thank you.
Looks like you guys got your wave-5! (skyhok, XediAnakin, etc). Already at 50% of wave-3 : expecting 61.8 fib proj perhaps?
  • #18,399
  • Oct 31, 2014 3:22am Oct 31, 2014 3:22am
Quoting ClockTrader
{quote} My friend, if you don't like someone, yell them from inside your room. You have no right to use such language here. When I wish to calm my mind, I do some Yoga and take a nap. I'll take a break now. Thanks & have a nice day.
Speculator, pls.
j/k
Quoting kuroro001
I wonder why would anyone go longs
We are sitting on support right now.
If she will stop today, there is high possibility she will stop here.
  • #18,400
  • Oct 31, 2014 3:24am Oct 31, 2014 3:24am
Quoting kuroro001
I wonder why would anyone go longs, its full time short for now. Selling the rallies if the way to go. All bounces have been weak so far. Within a couple of weeks/months we could be heading below 1000
I hate to say, but, this is what happens when price falls like a rock off the cliff.

Once bears take over and everyone here can be seen talking about targets few hundred down.

Remember the clamor here when price was @ 1245-1255 ? 1280? 1310 ? I have seen it all.

We are having clamor about direction once again, only difference is that its other way around this time.

Once price bounces 50 - 100 $s from here, people talking about 800 - 1000 won't be seen around.

Whatever your direction, love & respect MM. We lose & win all the time. There will always be another day if you have the capital, you blow it, you go home.
Hello World!
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