Only Gold! | Page 950 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #18,981
  • Nov 11, 2014 6:19am Nov 11, 2014 6:19am
Quoting griffinssoul
{quote} Someone here [forget who, a few MN's ago] advocated a strong connection b/w oil and gold but I never understood why or how?
USD is the major settlement currency for those
  • #18,982
  • Nov 11, 2014 6:28am Nov 11, 2014 6:28am
Quoting zew
{quote} USD is the major settlement currency for those
The good 'ol petrodollar! So, gold is related via USD... oh, i see and we've had discussions about that correlation here [last MN]
  • #18,983
  • Nov 11, 2014 6:46am Nov 11, 2014 6:46am
I went long west texas oil CFD at 77.36, moved my stop to 77.38 and going to let this run
gold I got in on average at 1151.83 moved stop to 1153 and we'll see, trying to let this one run too
we'll see, not too certain it's a good kinda day to actually try this but my bigger context points to giving this a chance
nothing bad can happen anymore at this point in time ...
  • #18,984
  • Nov 11, 2014 6:57am Nov 11, 2014 6:57am
Gold broke out of an important triangle formation on intraday charts and remains bullish for the coming sessions. I see it reaching 1182 from the current level 1155. Those who are considering going long can execute buy orders at the current market price with a stop of 1246
  • #18,985
  • Nov 11, 2014 7:05am Nov 11, 2014 7:05am
so much for my gold, oil is still in play ...
  • #18,986
  • Nov 11, 2014 7:05am Nov 11, 2014 7:05am
try long again 1152.80
  • #18,987
  • Nov 11, 2014 7:10am Nov 11, 2014 7:10am
Here's my take. Inverse head and shoulders.
Attached Image (click to enlarge)
Click to Enlarge Name: ironbirchh.jpg Size: 210 KB
  • #18,988
  • Nov 11, 2014 7:12am Nov 11, 2014 7:12am
Quoting cvds16
so much for my gold, oil is still in play ...
...don't forget bank holiday...
  • #18,989
  • Edited 7:36am Nov 11, 2014 7:16am | Edited 7:36am
yes, that's why I was a bit sceptical about letting things run ... looking back it seems that I managed to move my stop just slightly too agressively in gold ... well it's all part of the game ...
  • #18,990
  • Nov 11, 2014 7:28am Nov 11, 2014 7:28am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 75 KB
trade in the bottom blue trying to x that target
  • #18,991
  • Nov 11, 2014 7:31am Nov 11, 2014 7:31am
Quoting elbert3
try long again 1152.80
pp 1155.8 took out typing long 1156 ,8 order on
  • #18,992
  • Nov 11, 2014 7:31am Nov 11, 2014 7:31am
Quoting cvds16
yes, that's why I was a bit sceptical about letting things run ... looking back it seems that I to move my stop just slightly too agressively in gold ... well it's all part of the game ...
SL is a tough thing esp with gold - ask CT, moves them around like a DJ does a volume slider... lol
  • #18,993
  • Nov 11, 2014 7:38am Nov 11, 2014 7:38am
yes, idd and gold is even more tricky than about everything else lol ... I used to get incredibly upset about these things ... I got better at the last part :-)
  • #18,994
  • Nov 11, 2014 7:45am Nov 11, 2014 7:45am
1154.5 long order on add 1156.5 target 1161 extended target 1167
  • #18,995
  • Nov 11, 2014 7:50am Nov 11, 2014 7:50am
Quoting elbert3
1154.5 long order on add 1156.5 target 1161 extended target 1167
...heads-up, a bit of turbulence 1161-64 perhaps... the seat-belt sign is 'on'...
  • #18,996
  • Nov 11, 2014 7:52am Nov 11, 2014 7:52am
Quoting griffinssoul
{quote} ...heads-up, a bit of turbulence 1161-64 perhaps...
Attached Image (click to enlarge)
Click to Enlarge Name: gg.png Size: 77 KB
on it sl on the open of the trade loss = commission gain anywhere above ,,,lol gl 1153 sl ?
  • #18,997
  • Nov 11, 2014 8:10am Nov 11, 2014 8:10am
Quoting elbert3
{quote} {image} on it sl on the open of the trade loss = commission gain anywhere above ,,,lol gl 1153 sl ?
Hi elbert3, our charts look identical... wow, lol. I'll be thinking short when you'll be thinking TP hopefully...(H1 TF)
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 35 KB
  • #18,998
  • Nov 11, 2014 8:16am Nov 11, 2014 8:16am
Quoting griffinssoul
{quote} Hi elbert3, our charts look identical... wow, lol. I'll be thinking short when you'll be thinking TP hopefully...(H1 TF) {image}
careful with this baby ,one min you think you're in the money next it's gone even here it might spoil and go back to 1150 ?? gl moved sl to open and sell order on
  • #18,999
  • Nov 11, 2014 8:24am Nov 11, 2014 8:24am
Quoting elbert3
{quote} careful with this baby ,one min you think you're in the money next it's gone even here it might spoil and go back to 1150 ?? gl moved sl to open and sell order on
Good advice! One thing I've noticed is that on the 1H TF PA forms Huge, what I call, "tunnels of love" (Oh, baby! Thank ya...). But of course they are short-lived so a swift in-&-out ...(Huge in the sense of reach...)
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 56 KB
  • #19,000
  • Nov 11, 2014 8:41am Nov 11, 2014 8:41am
Quoting griffinssoul
{quote} Good advice! One thing I've noticed is that on the 1H TF PA forms Huge, what I call, "tunnels of love" (Oh, baby! Thank ya...). But of course they are short-lived so a swift in-&-out ...(Huge in the sense of reach...) {image}
tunnel of love if you are in win win ,,, ?? hate and disaster if not,lets stay on the happy side,lol gl ,
24 traders viewing now