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  • #19,201
  • Nov 18, 2014 3:02am Nov 18, 2014 3:02am
Quoting mcgross
elbert, what's your plan for today? I'm still holding set of long from 1185
Suggest to sell here... i closed my long @ 1197 from 87.1
  • #19,202
  • Nov 18, 2014 3:19am Nov 18, 2014 3:19am
Quoting Ramii
{quote} Suggest to sell here... i closed my long @ 1197 from 87.1
You might be right, but wouldnt it be wise to get some confirmations? at this time i cannot see any reason to sell when 1200 level target isnt finished
  • #19,203
  • Nov 18, 2014 3:24am Nov 18, 2014 3:24am
Quoting mcgross
elbert, what's your plan for today? I'm still holding set of long from 1185
the plan was yesterday , i will give you a clue since your following what i do and you tell me ..lol regards
Attached Image (click to enlarge)
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yesterdays potential plan
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if 82 broke then it would of been short look left, Mr Scott taught me that one ​,support held give it room entry long back in again 1186 now big 200 is the key might spike to 1203 then short, tp on 1203 buy order 1206 tp 1220,, pp 1194.50
  • #19,204
  • Nov 18, 2014 3:34am Nov 18, 2014 3:34am
Quoting ClockTrader
Given the patterns evolving, I would like to sit on sidelines for a while. Luxury in itself.
As soon as I wrote this (above), it went way up, kinda funny co-incidence.. was scalping my way out of the sideways.. but then a hunch & got out..

I would like to try a short, provided clock-patterns support a short call tomorrow..

once the dust settles down.. it'll be clear..

IMHO, its too hot to try a long now..

My sentiment is short in the given scenario, would wait & watch to be sure I'm right.
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Hello World!
  • #19,205
  • Nov 18, 2014 4:02am Nov 18, 2014 4:02am
Quoting ClockTrader
{quote} As soon as I wrote this (above), it went way up, kinda funny co-incidence.. was scalping my way out of the sideways.. but then a hunch & got out.. I would like to try a short, provided clock-patterns support a short call tomorrow.. once the dust settles down.. it'll be clear.. IMHO, its too hot to try a long now.. My sentiment is short in the given scenario, would wait & watch to be sure I'm right. {image}
LOL! One minute I'm reading elbert's chart then bang!
  • #19,206
  • Nov 18, 2014 4:15am Nov 18, 2014 4:15am
Quoting griffinssoul
{quote} LOL! One minute I'm reading elbert's chart then bang!
nothing like a good bang ,better when you're in the bang ,,lol
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  • #19,207
  • Nov 18, 2014 4:15am Nov 18, 2014 4:15am
continuation of downtrend may start from 1211-1229 most I think.this is a short covering rally which also called like profit taking of smugglers......
Nothing Is Certain In The Universe
  • #19,208
  • Nov 18, 2014 4:16am Nov 18, 2014 4:16am
Short Gold, 1204 and SL will be 1207. Taget below 1170
  • #19,209
  • Nov 18, 2014 4:16am Nov 18, 2014 4:16am
Quoting elbert3
{quote} nothing like a good bang ,better when you're in the bang ,,lol
...
  • #19,210
  • Nov 18, 2014 4:19am Nov 18, 2014 4:19am
Attached Image (click to enlarge)
Click to Enlarge Name: g5.png Size: 59 KB
theres the bang
  • #19,211
  • Edited 4:36am Nov 18, 2014 4:23am | Edited 4:36am
Quoting elbert3
{image} theres the bang
...there was no (Tick) volume on that move... big money? The Tick volume increased after the bulk of the move was over...
  • #19,212
  • Nov 18, 2014 4:40am Nov 18, 2014 4:40am
Quoting griffinssoul
{quote} ...there was no (Tick) volume on that move... big money?
1200 5 long sl 1198 then add 1205 if it goes that way
  • #19,213
  • Nov 18, 2014 4:59am Nov 18, 2014 4:59am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
CT - this one is for you.

While on it's way down we have been hearing quite a lot of comments in the thread, all were not just bearish but very bearish, at that time I wrote, when it will start going up everyone would be extremely bullish with their views. Today I actually felt like reiterating the same, just to highlight how frequently we forget the basic moves of the market and switch trends baised by our holdings.

Just an example, if I want to go long at this point in time, why do I have to justify it a bull market, without justifying it I could go long, it's my account. But me telling over the threads, that how bullish it is - sorry Sir/s, that won't be the right way to do it. Let a bear market be bearish and a bull market be bullish. The day we will stop satisfying our holdings with our biased analysis, would be the day we will stop or reduce on losing money.

As a sidenote - I started selling when except me and CT everyone was buying and that was 1250ish last time. I have booked the profit when it touch the 1240 but still I am bearish and so far, the ratio of my trades going bad is high on the bullish side and shorts have paid off well. I will again take every peakout and a higher high as an opportunity to sell till it reaches at least 1050.

Stay blessed,
KAH
  • #19,214
  • Nov 18, 2014 5:09am Nov 18, 2014 5:09am
Quoting Kah
CT - this one is for you. While on it's way down we have been hearing quite a lot of comments in the thread, all were not just bearish but very bearish, at that time I wrote, when it will start going up everyone would be extremely bullish with their views. Today I actually felt like reiterating the same, just to highlight how frequently we forget the basic moves of the market and switch trends baised by our holdings. Just an example, if I want to go long at this point in time, why do I have to justify it a bull market, without justifying it I could...
Well said, lets sell this bulltrap gold will stay bear till 1050 hit. I think 1210 is a nice selling opportunity.
  • #19,215
  • Nov 18, 2014 5:12am Nov 18, 2014 5:12am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting NWGstudent
{quote} Well said, lets sell this bulltrap gold will stay bear till 1050 hit. I think 1210 is a nice selling opportunity.
I would suggest, wait, observe minutely the PA and then start building positions rather than walking into it. Construct a plan and start building on the basis of the PA. till 1250 is the area where you could plan and build for big objectives.

Always remember, you walk into this hastily, it will eat your money. Never think that you will lose the chance of making money by losing the ride, this will keep going on every day and you will get enough chances if the money remains there in your account

Happy trading,
KAH
  • #19,216
  • Nov 18, 2014 5:17am Nov 18, 2014 5:17am
Attached Image


Up,up and away!

Less is more...
  • #19,217
  • Nov 18, 2014 5:22am Nov 18, 2014 5:22am
if ,,if long 1239 is short term pos ..
  • #19,218
  • Nov 18, 2014 5:30am Nov 18, 2014 5:30am
I believe that smart buyers and smart sellers can both make money in opposite markets, specially in Gold market because of high volatility .
Many factors can affect their profitability : Entry/Exit Timing, Position Sizing, Money Management ... etc.
No guts, no glory
  • #19,219
  • Nov 18, 2014 5:31am Nov 18, 2014 5:31am
Quoting elbert3
if ,,if long 1239 is short term pos ..
If 1210 is broken I'll consider long until then I'm only looking to sell
  • #19,220
  • Nov 18, 2014 5:47am Nov 18, 2014 5:47am
I hear ya mate.. This is a thread where majority of people don't have few years of experience, with that said, when price is falling badly, everyone here shall be bearish.. and vice versa.

I'm awaiting a clean & clear short entry, would sit on sidelines and watch US session ahead.

Quoting Kah
CT - this one is for you. While on it's way down we have been hearing quite a lot of comments in the thread, all were not just bearish but very bearish, at that time I wrote, when it will start going up everyone would be extremely bullish with their views. Today I actually felt like reiterating the same, just to highlight how frequently we forget the basic moves of the market and switch trends baised by our holdings. Just an example, if I want to go long at this point in time, why do I have to justify it a bull market, without justifying it I could...
Hello World!
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