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Only Gold!

  • #19,681
  • Nov 27, 2014 2:53am Nov 27, 2014 2:53am
Hi All

I just wanne know if any one here follow the COT reports on Gold
He who fears being conquered is sure of defeat - Napoleon Bonaparte
  • #19,682
  • Nov 27, 2014 3:18am Nov 27, 2014 3:18am
Quoting ClockTrader
{quote} Your long view from SMA (555) on H1 was quite right mate.. :-)
Well done CT, the SMA (555) is very interesting in the hourly chart. Good indicator, thanks!
"Bulls make money, bears make money, pigs get slaughtered"
  • #19,683
  • Nov 27, 2014 3:35am Nov 27, 2014 3:35am
Quoting hjs69
Hi All I just wanne know if any one here follow the COT reports on Gold
That would be very interesting if someone could enlighten us on that..
Hello World!
  • #19,684
  • Nov 27, 2014 3:47am Nov 27, 2014 3:47am
GOLD Sell limit @ 1220.XX..TP 930.xx
  • #19,685
  • Nov 27, 2014 4:03am Nov 27, 2014 4:03am
Quoting ClockTrader
{quote} That would be very interesting if someone could enlighten us on that..
This just my view on the COT report. Commercial hedgers trade against a trend and large traders go with trend. This means we follow the larger traders as retail traders. At this point not much has changed in the sentiment on gold to keep looking at shorts. As the large traders is still in that view and has not change there view.

Just my view, on basic supply and demand.
He who fears being conquered is sure of defeat - Napoleon Bonaparte
  • #19,686
  • Nov 27, 2014 4:08am Nov 27, 2014 4:08am
Quoting hjs69
{quote} This just my view on the COT report. Commercial hedgers trade against a trend and large traders go with trend. This means we follow the larger traders as retail traders. At this point not much has changed in the sentiment on gold to keep looking at shorts. As the large traders is still in that view and has not change there view. Just my view, on basic supply and demand.
Usually I would go bearish around expiry, but like a fella said, OI is most imp when we follow expiry.

Given his view, IF Gold falls badly tomorrow, OI would be irrelevant.

Edit:
PS: On the other hand IF Gold shoots in the next 24+ hrs, his view would be correct & OI in COT reports etc worth analyzing.
Hello World!
  • #19,687
  • Nov 27, 2014 4:14am Nov 27, 2014 4:14am
Quoting ClockTrader
{quote} Usually I would go bearish around expiry, but like a fella said, OI is most imp when we follow expiry. Given his view, IF Gold falls badly tomorrow, OI would be irrelevant. Edit: PS: On the other hand IF Gold shoots in the next 24+ hrs, his view would be correct & OI in COT reports etc worth analyzing.
CT, I dont follow you exactly. Pls explain. So tomorrow is expiry and you are normally bearish on expiry. But this time because OI is important you expect Gold to move up?

Sorry I got it now.
"Bulls make money, bears make money, pigs get slaughtered"
  • #19,688
  • Nov 27, 2014 4:21am Nov 27, 2014 4:21am
Fib. Retracement Levels of wave [iii] [a] Down.
Upside Target: 76.4% $1211.3
Cheers,
U2
Attached Image (click to enlarge)
Click to Enlarge Name: 141127 DLY[1] Spot Gold (-).png Size: 84 KB
Wait, or you will be slaughtered!
  • #19,689
  • Nov 27, 2014 4:32am Nov 27, 2014 4:32am
Possible Bear Flag.
2H, 3H and 4H attempting Long
with Hammer / Doji Reversal candlesticks?
Cheers, U2

3H Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: 141127 3H[1] Spot Gold (-).png Size: 96 KB
Wait, or you will be slaughtered!
  • #19,690
  • Nov 27, 2014 4:35am Nov 27, 2014 4:35am
There are almost 2 weeks of consolidation for gold in an about 30$ range.
Probabil it's waiting swiss vote.
For me the situation looks quite bullish. I thing after that gold will go up to around 1250.
  • #19,691
  • Nov 27, 2014 4:47am Nov 27, 2014 4:47am
like i said gold will hit 1188...lol so it did....
  • #19,692
  • Nov 27, 2014 6:59am Nov 27, 2014 6:59am
Quoting ClockTrader
{quote} Placing pending buy orders above around 1205..
Stop loss plz?
  • #19,693
  • Nov 27, 2014 7:06am Nov 27, 2014 7:06am
Quoting Razi89
{quote} Stop loss plz?
Removed these.. Now awaiting a peak-out below/above H4-SMA(303), keenly awaiting to sell.. BUT ONLY IF there is a peak-out on VVSA(m15-m30) around said levels..
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 14 KB
Hello World!
  • #19,694
  • Nov 27, 2014 11:01am Nov 27, 2014 11:01am
2 DLY Chart Moving Averages show it turning down.
Hard to see it going up from here.
Short: $1189
Hedge Stop: $1198
[Targeting: $1096.75 / $1105 possibly $1084.25]
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: 141127 2DLY[1] Spot Gold (-).png Size: 64 KB
Wait, or you will be slaughtered!
  • #19,695
  • Nov 27, 2014 11:16am Nov 27, 2014 11:16am
is gold going south >>>??or just routine moment>>>??froom 1185 -1203 .... some one plz detail
  • #19,696
  • Nov 27, 2014 12:50pm Nov 27, 2014 12:50pm
Quoting banker19
is gold going south >>>??or just routine moment>>>??froom 1185 -1203 .... some one plz detail
Hi,

The short I was hoping for wasn't triggerred on my H4 chart the other day, so missed the boat.

I shall try to detail where I see things now...see attached H1 chart

Once we enter the buying zone (blue), I shall be carefully monitoring the candle formation, and looking for 2 or 3 candles that consolidate/stay in the green area (within the buy zone) or thereabouts that I've marked up, (nominally 1187). This will then be my alert and confirmation that the buying zone stands a good chance of being respected, at which point all I need do then is to await a buying signal using similar means against the M15 chart for entry.

Of course if no consolidation occurs, then the opportunity to long is possibly invalidated.

Thats my take on the smaller t/f that I've focussed on, and would need further assessment in the event that the potential of the trade develops positively and would expect a t/p target of 1200 initially.

So bottom line for me at present is wait until conditions align....hopefully soon.

Attached Image
  • #19,697
  • Nov 27, 2014 12:58pm Nov 27, 2014 12:58pm
Quoting Landline
{quote} Hi, The short I was hoping for wasn't triggerred on my H4 chart the other day, so missed ...{image}
Is the gold market still active??. My platform closed an hour ago, probably because of holiday in the US.
No guts, no glory
  • #19,698
  • Nov 27, 2014 1:02pm Nov 27, 2014 1:02pm
Quoting abokwaik
{quote} Is the gold market still active??. My platform closed an hour ago, probably because of holiday in the US.
Yeah it seems to be closed on mine too
  • #19,699
  • Nov 27, 2014 1:06pm Nov 27, 2014 1:06pm
@Landline thanks.

Anyone has a platform with Gold active. If any, Please name the broker.

Thanks
No guts, no glory
  • #19,700
  • Nov 27, 2014 1:47pm Nov 27, 2014 1:47pm
mForex and chicago broker closed platform only gold
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