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  • #18,401
  • Oct 31, 2014 3:29am Oct 31, 2014 3:29am
Quoting Jonh
{quote} Speculator, pls. j/k {quote} We are sitting on support right now. If she will stop today, there is high possibility she will stop here.
IMHO, this could possibly bottom out in the range: 1250-65, IF NOT I'm gonna take a break of few weeks.

May bad English, can you say below again, maybe elaborate it, couldn't get it.

-->> Speculator, pls. j/k
Hello World!
  • #18,402
  • Oct 31, 2014 3:31am Oct 31, 2014 3:31am
Quoting ClockTrader
{quote} 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...

Hahaha.nice CT.yes maybe it will reach $1000 or $800 or maybe even lower.But I am sure it cant reach that in a straight line downwards.It has to make some retracemnts at LEAST.
  • #18,403
  • Oct 31, 2014 3:32am Oct 31, 2014 3:32am
Quoting ClockTrader
{quote} IMHO, this could possibly bottom out in the range: 1250-65, IF NOT I'm gonna take a break of few weeks. May bad English, can you say below again, maybe elaborate it, couldn't get it. -->> Speculator, pls. j/k
Break of few weeks would mean sit on sidelines..
Hello World!
  • #18,404
  • Oct 31, 2014 3:34am Oct 31, 2014 3:34am
Quoting ClockTrader
May bad English, can you say below again, maybe elaborate it, couldn't get it. -->> Speculator, pls. j/k
Let's not off-topic too much. I will send you a PM.
  • #18,405
  • Oct 31, 2014 3:35am Oct 31, 2014 3:35am
Quoting ClockTrader
{quote} IMHO, this could possibly bottom out in the range: 1250-65, IF NOT I'm gonna take a break of few weeks. May bad English, can you say below again, maybe elaborate it, couldn't get it. -->> Speculator, pls. j/k
bounce to 1200 is enough to recover..we are talking short-term longs...gold as you know when breaks big, it recovers doesnt really break in a row in short period of time.
20 bucks in 15 minutes. thats not mickey mouse
always draw trendlines
  • #18,406
  • Oct 31, 2014 3:40am Oct 31, 2014 3:40am
Quoting ClockTrader
{quote} 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...
Well said, only a good MM will save you from crying at the end of the day/week
COT: The precious data ignored
  • #18,407
  • Oct 31, 2014 3:41am Oct 31, 2014 3:41am
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
for me I wouldnt think long till NY midday. Another bad news for eur and good US data will bring us to 1155 level.
  • #18,408
  • Oct 31, 2014 3:43am Oct 31, 2014 3:43am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting ClockTrader
{quote} 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....
Agreed! I still remember when the both of us were testing the 1245-50 area to short, some people were coming with 1385 and all those highly lucrative targets but good for them only. Secondly my last short was from 1205 last evening and that too I took out at 1183. Now I am clean. Might place pending buy orders on the way to recovery.
  • #18,409
  • Oct 31, 2014 4:06am Oct 31, 2014 4:06am
What happened today looks like April the 12th 2013, which also was a Friday.
In that day gold broke de support of 1525, which was a tripple bottom made in more than a year.
Today we broke a triple bottom at 1180, bottom made in 1,5 years.
The same, the price broke it during a 30 min candlestick and never recovered enough, and then fell more and more, on Monday it crashed 10%.
The situation looks very similar.
A brake of a such a strong yearly support will trigger an avalanche of stop-losses.
Gold may be 1100 by next week.
  • #18,410
  • Oct 31, 2014 4:13am Oct 31, 2014 4:13am
seems kinda funny to me how many people are still thinking long in such an obvious bear-market ... must be greed talking instead of common sense it seems to me
  • #18,411
  • Oct 31, 2014 4:14am Oct 31, 2014 4:14am
Quoting goldstreet
{quote} for me I wouldnt think long till NY midday. Another bad news for eur and good US data will bring us to 1155 level.
you think Gold can be that cheap in such short time?? i really doubt
always draw trendlines
  • #18,412
  • Oct 31, 2014 4:26am Oct 31, 2014 4:26am
1955 seems the next obvious support on the charts, I only got some fib-projection at 1163 as another possibility ... but I need action in 4H / 6H or 8H chart before I even would consider going long ...
  • #18,413
  • Oct 31, 2014 4:29am Oct 31, 2014 4:29am
for the record: I am short from slightly above 1200 and added on the way down, got a nice stop in place so nothing bad can happen to me anymore at this point ...
  • #18,414
  • Oct 31, 2014 4:32am Oct 31, 2014 4:32am
Quoting tk5
{quote} you think Gold can be that cheap in such short time?? i really doubt
Well its about $18 from here. Its not easy to get there however heavy sell at ny time can get us there. Lets see what will happen. However now i dont see buying level and I dont think its a good idea.
  • #18,415
  • Oct 31, 2014 4:33am Oct 31, 2014 4:33am
Quoting cvds16
seems kinda funny to me how many people are still thinking long in such an obvious bear-market ... must be greed talking instead of common sense it seems to me
yes , I am thinking long but it is not funny! cz I am watching Euro ,gold and USD index daily charts
US economy is in its peak, you will see next week payroll which is a concern for fed
stronger $ will hit US exports and also gold real value is not so cheap!!!
maybe I am wrong but cheaper gold means big changes in international economy relations and equalities and I dont see the time of it.
  • #18,416
  • Oct 31, 2014 4:37am Oct 31, 2014 4:37am
well, over the years I learned at least one thing: trust your charts more than your opinion ... the charts are only saying down at this point in time ...
  • #18,417
  • Oct 31, 2014 4:39am Oct 31, 2014 4:39am
Quoting cvds16
1955 seems the next obvious support on the charts, I only got some fib-projection at 1163 as another possibility ... but I need action in 4H / 6H or 8H chart before I even would consider going long ...
Wave-5's are impulse and if we go to 61.8 of wave-3 it can be achieved quiet quickly... I'm checking my ichi on the 4H TF (at least for a weak TK cross)
  • #18,418
  • Oct 31, 2014 4:52am Oct 31, 2014 4:52am
Quoting Kah
{quote} Agreed! I still remember when the both of us were testing the 1245-50 area to short, some people were coming with 1385 and all those highly lucrative targets but good for them only. Secondly my last short was from 1205 last evening and that too I took out at 1183. Now I am clean. Might place pending buy orders on the way to recovery.
You know those people are reading the thread and they think you should at least quote the people you're talking about. Its only fair, don't you think?
A trade should be based on an assumption based on facts
  • #18,419
  • Oct 31, 2014 5:00am Oct 31, 2014 5:00am
Quoting ClockTrader
I wonder where is Landline? He said if I was right, this should blast through the 1180ish range.
Hi CT

You were right and I tip my hat to you as promised.

I got stopped at 1190, now I am sitting things out. It'll be interesting tto see how the rest of today pans out and where price closes before I decide my next trade action. Any kind of daily pin bar will certainly be getting my attention, but for now I'm on the sidelines as a spectator.
  • #18,420
  • Oct 31, 2014 5:18am Oct 31, 2014 5:18am
Good Morning !
Today's S/R levels on MT4 Templates

EURO
CABLE
AUDUSD
USDJPY
GOLD
S&P 500

http://www.forexfactory.com/showthre...01#post7836701

EURO PINK
CABLE PINK
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
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