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Only Gold!

  • #18,621
  • Nov 4, 2014 9:50am Nov 4, 2014 9:50am
Quoting hollowhead
{quote} You could be right Falling, but then again they said it would never break 10,000!!
its happening already. trust me 17400 was the top of 2014, i cant tell you how i know.
gold will probably benefit, but the safest play for me is short the indexes
  • #18,622
  • Nov 4, 2014 12:03pm Nov 4, 2014 12:03pm
Took heavy long from 1170 to cover my minues posetions above 1220. For me gold failed to break 1162. Lets see if things will change to my favor.
  • #18,623
  • Nov 4, 2014 12:58pm Nov 4, 2014 12:58pm
I think that Asian market will push it over 1175, they trade on facts...

I truly hope so
Mining gold
  • #18,624
  • Nov 4, 2014 1:54pm Nov 4, 2014 1:54pm
well i believe from this point market will go down so badly and may hit 1148,and then 1138....
  • #18,625
  • Nov 4, 2014 6:51pm Nov 4, 2014 6:51pm
Quoting TriLLi
I think that Asian market will push it over 1175, they trade on facts... I truly hope so
this is interesting...USA trade deficit no longer have any effect on the currencies haha

http://www.skynews.com.au/business/e...september.html
  • #18,626
  • Nov 4, 2014 8:26pm Nov 4, 2014 8:26pm
Ichi on the D1 TF (first chart) has developed a strong TK-cross bearish while H4 TF is attempting rendezvous with Kijun...
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  • #18,627
  • Edited 10:46pm Nov 4, 2014 10:17pm | Edited 10:46pm
Quoting Matts Micro
{quote} I always enjoy counter stances as it makes me think. I was thinking that the Indian Gov. imposing limits on Gold may have an impact. http://en.wikipedia.org/wiki/Gold_Control_Act (for others as I know you're aware) It's more of just a "feeling" I have concerning the Gold season. There maybe a (daily) st spike imo but perhaps not trend changing. Also China has been a major supporter of prices in recent years but this year that demand seems to be slacking. http://in.reuters.com/article/2014/0...0H700X20140912...
Was just reading back over a few past posts and this one stood out (though I'm certainly not always right). Self analysis of your own past analysis is a learning experience too
As the lights go by so too do the shadows move
  • #18,628
  • Nov 4, 2014 11:05pm Nov 4, 2014 11:05pm
Quoting ClockTrader
{quote} Majority of beginners blow their accounts due to bad MM. So, I repeat, TRADE SAFE! :-)
100% agree. To make up the losses , trade with high lots (without SL), over trade and that results in more losses and end with margin call. I believe we have to have patience and proper MM, with correct SL & TP, definitely its possible to make money. But we are humans , so greed, no patience cannot be controlled.
  • #18,629
  • Nov 4, 2014 11:08pm Nov 4, 2014 11:08pm
Fall below 1260 could clearly take price way down IMHO.

My longs would blow @ 1254
Hello World!
  • #18,630
  • Nov 4, 2014 11:08pm Nov 4, 2014 11:08pm
We could see 1180 today! I expect negative dollar today!
Money never sleeps I can hear the dollar calling me
  • #18,631
  • Edited Nov 5, 2014 1:20am Nov 4, 2014 11:12pm | Edited Nov 5, 2014 1:20am
Oh, baby! Watch those tunnels - tunnels of love, baby. "Rhythm is something you either have or don't have, but when you have it, you have it all over.", The King. Thank ya thank ya very much!

Griff's still thinking that angle of decent has gotta change... but fast...(H1 TF)
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  • #18,632
  • Nov 4, 2014 11:23pm Nov 4, 2014 11:23pm
Quoting shivam332
We could see 1180 today! I expect negative dollar today!
IF the fall continues.. with hot data coming today, we could see anywhere between 1080 - 1125 in a few weeks.

The bounce needs to take place otherwise its going way down IMHO.
Hello World!
  • #18,633
  • Nov 4, 2014 11:23pm Nov 4, 2014 11:23pm
Quoting raianil007
{quote} 100% agree. To make up the losses , trade with high lots (without SL), over trade and that results in more losses and end with margin call. I believe we have to have patience and proper MM, with correct SL & TP, definitely its possible to make money. But we are humans , so greed, no patience cannot be controlled.
Well said!
Hello World!
  • #18,634
  • Nov 4, 2014 11:29pm Nov 4, 2014 11:29pm
Quoting Azmat313
well i believe from this point market will go down so badly and may hit 1148,and then 1138....
Not sure about 1148, perhaps 1158 on track.
  • #18,635
  • Nov 4, 2014 11:33pm Nov 4, 2014 11:33pm
?
  • #18,636
  • Nov 4, 2014 11:36pm Nov 4, 2014 11:36pm
strong support still 1155-1156 if breaks i'm expecting 1145-43
  • #18,637
  • Nov 4, 2014 11:36pm Nov 4, 2014 11:36pm
Quoting ClockTrader
{quote} IF the fall continues.. with hot data coming today, we could see anywhere between 1080 - 1125 in a few weeks. The bounce needs to take place otherwise its going way down IMHO.
Test longs gone. I'm gonna sit on sidelines for sometime.
Hello World!
  • #18,638
  • Nov 4, 2014 11:38pm Nov 4, 2014 11:38pm
Quoting ClockTrader
{quote} IF the fall continues.. with hot data coming today, we could see anywhere between 1080 - 1125 in a few weeks. The bounce needs to take place otherwise its going way down IMHO.
NFP could bring these levels, however I don't see these levels today!
Money never sleeps I can hear the dollar calling me
  • #18,639
  • Nov 4, 2014 11:39pm Nov 4, 2014 11:39pm
Quoting Spec_And
{quote} 1180 is a support, its going lower if it breaks. Gold is bear flagging on the weekly chart, if it breaks it will be a repeat of Apr 2013 again, it will be a quick slide down to $1000, or lower.
Don't even think about going long, not even for a scalp unless gold retakes 1180.
"Where you want to be is always in control, never wishing, always trading.
  • #18,640
  • Nov 4, 2014 11:44pm Nov 4, 2014 11:44pm
Quoting Spec_And
{quote} Don't even think about going long, not even for a scalp unless gold retakes 1180.
What if it peaks out @ 1180 after a bounce? That could be another worst level to buy at.

Since bottom-outs are getting wasted & not effective at all, I am going to wait for a peak-out to short from.
Hello World!
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