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Only Gold!

  • #20,141
  • Dec 3, 2014 5:49am Dec 3, 2014 5:49am
1197 area coming up,watch for pos long entry
  • #20,142
  • Dec 3, 2014 5:56am Dec 3, 2014 5:56am
I'm long @ 1200.x

I'm usually intraday, however I'm playing this as a longer term position on the higher TF's.

Trade safely all.
Follow me on twitter @FxLester
  • #20,143
  • Dec 3, 2014 6:19am Dec 3, 2014 6:19am
Quoting letscry
isnt that weird, dolar index is nearly 2008 highs, dolar gaining against all major currencies, but gold prices going up aswell... as i know strong dollar makes gold prices lower but it does not do it now,



As what ClockTrader said since years ago, the season of gold is Jan-June (Buying zone) and July-Nov (Selling zone)....yet December is just noisy and distortion alot n towards the final week of Dec is just waiting for Christmas heat...

So most likely, big players just keep buying now....

What do you guys think of?
Gold is my pleasure.
  • #20,144
  • Dec 3, 2014 6:23am Dec 3, 2014 6:23am
well us going for rate hike that means gold wont have a fixed income but dollar does, so why would big players buy gold rather than dolar?
  • #20,145
  • Dec 3, 2014 6:26am Dec 3, 2014 6:26am
btwn if crude oil drops under 66,70 and stays there gold may fall with it.
  • #20,146
  • Dec 3, 2014 6:31am Dec 3, 2014 6:31am
Just my 2p thought?


I try to compare H1, D1, W1 and MN...
For me, for higher TFs seem want to go up...
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Gold is my pleasure.
  • #20,147
  • Dec 3, 2014 6:35am Dec 3, 2014 6:35am
Quoting letscry
well us going for rate hike that means gold wont have a fixed income but dollar does, so why would big players buy gold rather than dolar?

Like for instant, when Swiss wanted to strengthen their currency, the gold gone down spikely, then things just went up until at this point...
If the US data is gonna b good, gold might up again as surfing with the usd...


Or the speculators might change their thought and spit it out.
Gold is my pleasure.
  • #20,148
  • Dec 3, 2014 6:39am Dec 3, 2014 6:39am
This week Bullish
  • #20,149
  • Dec 3, 2014 7:53am Dec 3, 2014 7:53am
Nothing but minor volatility.. keenly awaiting PA to ride high voltage.... so I can get what I want... Colors (Bars)

Would like to sit on hedged floating profit..
Hello World!
  • #20,150
  • Dec 3, 2014 8:01am Dec 3, 2014 8:01am
Hi all

I've attached H1 chart showing trade in progress.

Entry 1198
S/L 1194
T/P 1209...(just missed first effort of reaching target)

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 13 KB
  • #20,151
  • Dec 3, 2014 8:05am Dec 3, 2014 8:05am
Quoting ClockTrader
{quote} Its not going to be easy.. They'll kill sellers before going down & vice-versa.. IF price hits the range 1175-1190 & IF it bottoms-out there.. (on VVSA) perhaps after some news.. I'm a buyer there..
sure they will , & not that easy too to calculate /accomodate PA as 1184 remain a possible limit down for up 1 leg before the so /correction down towards 1182 or down. if breaks 1184 then down to have another chance go up for 1222+ also . that is some range play around before a clear decision this week . to continue next week.
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #20,152
  • Dec 3, 2014 8:08am Dec 3, 2014 8:08am
Quoting fontu
{quote} sure they will , & not that easy too to calculate /accomodate PA as 1184 remain a possible limit down for up 1 leg before the so /correction down towards 1182 or down. if breaks 1184 then down to have another chance go up for 1222+ also . that is some range play around before a clear decision this week . to continue next week. fontu {image}
Expiry of Indian Contracts will take place day after, IF this goes sideways tomorrow as well.. Fellas, its gonna fall bad, IMHO..
Hello World!
  • #20,153
  • Dec 3, 2014 8:37am Dec 3, 2014 8:37am
does anyone else trade gold in its little daily channel - eg 1205 down to 1199 - looking for small 4-5 point moves up and down 5-10 in a day?

i am trying that and i get £50-100 a time on a 50-100 gold unit trade

i place stops above outter limits of high and lows of channel - risk is it shoots off to s/l and you lose a bit but it averages out

Brent oil im trying the same thing
  • #20,154
  • Dec 3, 2014 8:54am Dec 3, 2014 8:54am
Attached Image (click to enlarge)
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as per yesterday entry 1197 following the 200,now pp 1204 move coming us printing red numbers, long adding if it breaks 1209,800
  • #20,155
  • Dec 3, 2014 8:55am Dec 3, 2014 8:55am
Quoting ClockTrader
{quote} Expiry of Indian Contracts will take place day after, IF this goes sideways tomorrow as well.. Fellas, its gonna fall bad, IMHO..
Sideways? Will be interesting given ISM in a few minutes, and Beige Book later today.
"The market can remain irrational longer than you can remain solvent"
  • #20,156
  • Dec 3, 2014 9:05am Dec 3, 2014 9:05am
Quoting elbert3
{image} as per yesterday entry 1197 following the 200,now pp 1204 move coming us printing red numbers, long adding if it breaks 1209,800
co,,,,k out short sl 1200,6 messed it up now ,,,should of kept an eye on it steve ,,,lol 1201 then long ,,,still add 1208.800 ,,,o dear ,,,
  • #20,157
  • Dec 3, 2014 9:30am Dec 3, 2014 9:30am
Quoting Landline
Hi all I've attached H1 chart showing trade in progress. Entry 1198 S/L 1194 T/P 1209...(just missed first effort of reaching target) {image}
All done n dusted...t/p banked for a no fuss profitable trade
  • #20,158
  • Dec 3, 2014 9:36am Dec 3, 2014 9:36am
Quoting anton.olff
{quote} Sideways? Will be interesting given ISM in a few minutes, and Beige Book later today.
Finally some volatility on M15, testing a small short.... Its small so, haven't placed SL yet..
Attached Image (click to enlarge)
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Hello World!
  • #20,159
  • Dec 3, 2014 9:44am Dec 3, 2014 9:44am
Quoting ClockTrader
{quote} Finally some volatility on M15, testing a small short.... Its small so, haven't placed SL yet.. {image}
IMHO, IF price could continue to peak-out in the highlighted area for another 24-48 hrs.. I mean until 5th (expiry in IN).... my strategy would be to build shorts..

Trade at your own risk.. Use good MM...
Attached Image (click to enlarge)
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Hello World!
  • #20,160
  • Dec 3, 2014 9:44am Dec 3, 2014 9:44am
Attached Image (click to enlarge)
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????
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