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  • #20,161
  • Dec 3, 2014 9:46am Dec 3, 2014 9:46am
Quoting ClockTrader
{quote} Finally some volatility on M15, testing a small short.... Its small so, haven't placed SL yet.. {image}
careful bro... sma 300 H4 break...
  • #20,162
  • Dec 3, 2014 9:49am Dec 3, 2014 9:49am
Quoting ClockTrader
{quote} 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... {image}
I agree, i think shorts are building, but wont trade, gold are to hot atm
  • #20,163
  • Dec 3, 2014 10:05am Dec 3, 2014 10:05am
Quoting blacksnake
{quote} careful bro... sma 300 H4 break...
I agree dear.. Its very dangerous, that is the reason its a small short test only..

 

  1. When you look at the bigger pic, be advised that when price peaks out on top of an SMA, its wise not to go long, but to short.
  2. Multiple Red H4 bars.... we are sitting on top of the peak.. yea.. there maybe another higher peak going forward, price is moving like 10-25 up-down right now.. I would sit on sidelines rather go long at this juncture..

Thanks for the heads up though..

Hello World!
  • #20,164
  • Dec 3, 2014 10:08am Dec 3, 2014 10:08am
Quoting blacksnake
Unfinish Business... Becareful for the bears... {image}
Business done... if it falls below 1208, its going to be hard!!
  • #20,165
  • Dec 3, 2014 10:09am Dec 3, 2014 10:09am
Quoting ClockTrader
{quote} I agree dear.. Its very dangerous, that is the reason its a small short test only.. When you look at the bigger pic, be advised that when price peaks out on top of an SMA, its wise not to go long, but to short. Multiple Red H4 bars.... we are sitting on top of the peak.. yea.. there maybe another higher peak going forward, price is moving like 10-25 up-down right now.. I would sit on sidelines rather go long at this juncture.. Thanks for the heads up though..
Agree... Play safe...
  • #20,166
  • Dec 3, 2014 10:22am Dec 3, 2014 10:22am
For me, price certainly has the scope to climb according to my daily chart, and that view is shared to some degree on the 4 hr chart.

The hourly is where it gets harder to tell for sure, as that t/f suggests price may be retracing, (hence why my target on last trade came from the hourly).

I'll be hanging fire for the time being .... because a critical closing candle for me is above the 1215 level that I posted some weeks back, which I think will be a possible trend changing line in the sand if price can close above it.

If it does, then I'll be looking to long against suitable signals in the next day or so once this level/trend has begun to be clearer to me off the daily chart, and I would intend to hold portions of any longs for some time as an investment type strategy, similar to CTs original view I think.

Thats my general plan...but it may change, things have a habit of messing with our heads lol
  • #20,167
  • Dec 3, 2014 11:08am Dec 3, 2014 11:08am
http://www.forexfactory.com/showthre...61#post7917261

Posted some GOLD Wave Counts on the above thread.
Cheers, U2
Wait, or you will be slaughtered!
  • #20,168
  • Dec 3, 2014 2:30pm Dec 3, 2014 2:30pm
i think we gona wait till draghi speaks for a clear move.
  • #20,169
  • Dec 3, 2014 5:52pm Dec 3, 2014 5:52pm
Looking for a loonger term move on gold. I´m still long from the breakout of previous resistance and 1200 and I´m looking for PA to follow this pitchfork´s median line. A retest of previous highs as resistance is definitely in the scope and should be a great place to buy if you are not in this trade and if it makes sense to you.

Just my opinion
Attached Image (click to enlarge)
Click to Enlarge Name: 12 03 2013 gold.jpg Size: 91 KB
  • #20,170
  • Dec 3, 2014 7:07pm Dec 3, 2014 7:07pm
Can any1 advice if this is going up or down from here. I'm reading different suggestions. Would appreciate every input. I got stuck in the wrong side.

Thanks.
  • #20,171
  • Dec 3, 2014 7:21pm Dec 3, 2014 7:21pm
Quoting Saintlychik
Can any1 advice if this is going up or down from here. I'm reading different suggestions. Would appreciate every input. I got stuck in the wrong side. Thanks.
Short term looking up but long term trend iz down. I am currently short from 1207 with sl 1217 want to join long term trend if not stop out till tomorrow and waiting for NFP if good numbers could bring the gold down.
  • #20,172
  • Dec 3, 2014 8:43pm Dec 3, 2014 8:43pm
Quoting Razi89
{quote} Short term looking up but long term trend iz down. I am currently short from 1207 with sl 1217 want to join long term trend if not stop out till tomorrow and waiting for NFP if good numbers could bring the gold down.
NFP is on friday, still we have jobless claims tomorrow in the am
  • #20,173
  • Dec 3, 2014 9:24pm Dec 3, 2014 9:24pm
Quoting ElonMusketee
{quote} NFP is on friday, still we have jobless claims tomorrow in the am
Here are pm
  • #20,174
  • Dec 3, 2014 9:58pm Dec 3, 2014 9:58pm
Done with IN long contracts.. (closed)

SL for shorts @ 1217
Hello World!
  • #20,175
  • Dec 3, 2014 9:59pm Dec 3, 2014 9:59pm
Quoting ClockTrader
Done with IN long contracts.. (closed) SL for shorts @ 1217
will review the situation around NY morning..
Hello World!
  • #20,176
  • Dec 4, 2014 1:25am Dec 4, 2014 1:25am
crude and gold moving together atm keep an eye on crude guys.
  • #20,177
  • Dec 4, 2014 1:51am Dec 4, 2014 1:51am
Bull move appears to be overextended after the 80 point pop from 1140 but its now bull flagging on H1, H4 and daily. I think its safer to wait for the breakout...
"Where you want to be is always in control, never wishing, always trading.
  • #20,178
  • Dec 4, 2014 2:41am Dec 4, 2014 2:41am
1206 is the pivot for today and it is working so good for now.
Attached Image (click to enlarge)
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  • #20,179
  • Dec 4, 2014 2:54am Dec 4, 2014 2:54am
To me, I remain bearish on Gold. The rally seem like manipulated by the big boys. Expecting some sudden big drop coming.
  • #20,180
  • Dec 4, 2014 3:07am Dec 4, 2014 3:07am
Started selling around last US session's peak.. Additionally, there were hedges of longs too.. (longs sitting there too 1252-1269 range)

Right now mitigating risk from shorts using NY-DCB, its little early, will post more later....
Hello World!
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