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Only Gold!

  • #20,061
  • Dec 1, 2014 12:44pm Dec 1, 2014 12:44pm
Quoting abokwaik
I wonder where Gold would have reached if swiss voted Yes. I was burnt out down and then up. To trade gold one should do it on a fat account. I need a looooong break before trading again. Good trading every one. Abokwaik signing out.
There is no "if", it was never going to happen. I suppose the selloff earlier in the day today was all manipulation, its similar to the steep selloff in crude oil (which recovered a large chunk of its losses today). I don't know why the market is behaving this way now, its as if the money thats moving the markets no longer have a clue, "selling on news" that is this obvious when the rumor had already been sold isn't typical of what smart money would do, perhaps its due to year end book closure.

Anyway the writing was already on the wall, going long ahead of the vote was a very bad idea.
"Where you want to be is always in control, never wishing, always trading.
  • #20,062
  • Dec 1, 2014 12:48pm Dec 1, 2014 12:48pm
Quoting fxmasterdxb
{quote} Cant agree any more, some people insist on involving "news" in any move. Anyway, i see Gold at the peak of the day, though i wouldn't suggest shorting at the moment as gold is on steroids!
Some news events are important, they can be price triggers, but I agree that most news is irrelevant.
"Where you want to be is always in control, never wishing, always trading.
  • #20,063
  • Dec 1, 2014 1:11pm Dec 1, 2014 1:11pm
Hi all,

Longs still in place since friday and now progressing very nicely having had to endure dd. Now guaranteed profits locked in ref daily chart attached

Patience pays off, certainly in this case at least, and not for the faint hearted. My view was always that a turnaround was going to occur, irrespective of what the majority were doing on here, sometimes it pays to just turn off all the hype and let the trade do its thing.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 17 KB
  • #20,064
  • Dec 1, 2014 1:12pm Dec 1, 2014 1:12pm
Prepare your shorts in 1, 2, 3...
  • #20,065
  • Dec 1, 2014 1:52pm Dec 1, 2014 1:52pm
Quoting Landline
Hi all, Longs still in place since friday and now progressing very nicely having had to endure dd. Now guaranteed profits locked in ref daily chart attached Patience pays off, certainly in this case at least, and not for the faint hearted. My view was always that a turnaround was going to occur, irrespective of what the majority were doing on here, sometimes it pays to just turn off all the hype and let the trade do its thing. {image}
Agreed , there is a time to call shorts and a time to call longs, this is not a time to call shorts............... As i said before a weekly and monthly fib short have completed, on the monthly chart drawing a fib to the long side from the last confirmed bottom, the bodies stopped on a 61.8 retracement.... Call shorts if you want but as I have stated I am bullish
  • #20,066
  • Dec 1, 2014 2:32pm Dec 1, 2014 2:32pm
Okay, here you go my view on gold:

It's trading in a channel (red lines) and has hit 38.2 fibbo retracement, as long as the day closes below 1213, i remain bearish and will start selling!

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 63 KB
  • #20,067
  • Dec 1, 2014 3:40pm Dec 1, 2014 3:40pm
Quoting fxmasterdxb
Okay, here you go my view on gold: It's trading in a channel (red lines) and has hit 38.2 fibbo retracement, as long as the day closes below 1213, i remain bearish and will start selling! Good luck! {image}
To your tents O Isreal! Every man for himself. I am still gonna hold on to my longs until I see otherwise.
Less is more...
  • #20,068
  • Dec 1, 2014 3:48pm Dec 1, 2014 3:48pm
Quoting ajantala
{quote} To your tents O Isreal! Every man for himself. I am still gonna hold on to my longs until I see otherwise.
Though i did not get why you are quoting that phrase from the bible, I wish you good trading!
  • #20,069
  • Dec 1, 2014 5:06pm Dec 1, 2014 5:06pm
Missed the top 3rd but will pick it up selling and buying the dip. I'm seeing a lot of time compression two weeks 1 week 1 day and half day the waves are shortening fast. Could be in 2000k by lunch time Friday / could be a clue of breakdown? Waiting for tp shorts and re entry for next wave long.

Inserted Video
Attached Image
Founder of Sutherland Wave Principle
  • #20,070
  • Dec 1, 2014 5:36pm Dec 1, 2014 5:36pm
Quoting Spec_And
{quote} There is no "if", it was never going to happen. I suppose the selloff earlier in the day today was all manipulation, its similar to the steep selloff in crude oil (which recovered a large chunk of its losses today). I don't know why the market is behaving this way now, its as if the money thats moving the markets no longer have a clue, "selling on news" that is this obvious when the rumor had already been sold isn't typical of what smart money would do, perhaps its due to year end book closure. Anyway the writing was already on the wall,...
Why were you long, the news last week were about rejection.
  • #20,071
  • Dec 1, 2014 5:37pm Dec 1, 2014 5:37pm
Here is the Gold move on my screen.

speedy123
Attached Image (click to enlarge)
Click to Enlarge Name: Gold1.png Size: 76 KB
  • #20,072
  • Edited 8:44pm Dec 1, 2014 8:20pm | Edited 8:44pm
These wave times are halving at every turn at this rate. She will top out in about 9hrs. What is happening in 9 hours? It's like a gravity well.
Founder of Sutherland Wave Principle
  • #20,073
  • Dec 1, 2014 9:06pm Dec 1, 2014 9:06pm
Quoting Arshamv
{quote} Dear CT, I lost $$$$ from a potential profit in last 3-4 days,cause I did not trade and I was watching the market movements did not match with my veiw and analysis you are right , a trader should not depend to public emotions and some kidding posts in moves! this morning I saw posts about targeting 800 area, and now some posts about targeting 12xx ... safe trade
I see this all the time here.. When price falls.. people forget it maybe time to buy and vice versa..

When people talk imaginary numbers.. they forget to talk about time-scope. I just keep calm. Everyone has a right to share his view here..
Hello World!
  • #20,074
  • Dec 1, 2014 9:07pm Dec 1, 2014 9:07pm
Quoting NewStart
{quote} nice words CT, but for me, any news and issues like swiss is important too. Iam just remember how crazy move EURCHF back then in 2011. It's moved by the news/issue of swiss about it. Now the issue of swiss is about gold, so we should think and maybe take the issue into the strategy too for "what if blablabla and else". Take care guys, see ya
Yea, news can be good.. BUT, why create hype out of it? Why forget MM & your strategy? People get carried away with high impact news. They forget how PA works.

I watch news for time triggers..
Hello World!
  • #20,075
  • Dec 1, 2014 9:12pm Dec 1, 2014 9:12pm
I think gold rally has nothing to do with referendum results. I mean, come on, all the polls showed no support for YES.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #20,076
  • Dec 1, 2014 10:07pm Dec 1, 2014 10:07pm
i don't think that gold will hold 1200, there is no news effect on gold, no fundamental reason behind this big up side movement.. in my opinion this only comes to eat traders account every person is selling on gold but after this movement many people change their strategy and going to buy then again gold will play a game with us and will show their real down side trend... as we have seen on eur usd pair on 14 november usd news comes positive but pair will move 120 pip up side and after 2 days show their real market value...
  • #20,077
  • Dec 1, 2014 10:31pm Dec 1, 2014 10:31pm
Quoting ClockTrader
{quote} Yea, news can be good.. BUT, why create hype out of it? Why forget MM & your strategy? People get carried away with high impact news. They forget how PA works. I watch news for time triggers..
Agree 100%. I read news too, but just to gain extra pips. I make a lot of money yesterday by following my own strategy and MM. The last/first days of week and month are wonderful. Don't follow anyone's opinion, trade by your own strategy and observation. News is just news.
Trade at your own risk. Don't follow one's opinion.
  • #20,078
  • Dec 1, 2014 10:52pm Dec 1, 2014 10:52pm
Quoting forexings
Wherever it goes, gold will close above 1200 by the year end.
So it happens yah?
You cannot learn better without losing
  • #20,079
  • Dec 1, 2014 11:25pm Dec 1, 2014 11:25pm
Does Any one found hidden convergence and divergence? MACD?
  • #20,080
  • Dec 2, 2014 12:05am Dec 2, 2014 12:05am
Quoting blacksnake
Does Any one found hidden convergence and divergence? MACD?
No but have found it on Momentum, not sure if real or not will wait it out and see after the big move.
He who fears being conquered is sure of defeat - Napoleon Bonaparte
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