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Only Gold!

  • #20,201
  • Dec 4, 2014 8:09am Dec 4, 2014 8:09am
M30 & H1 -- the vols couldn't get any higher.. maxxed out..

H4 -- SMA(303) bounced off this support only to peak out..

I have some shorts left.. these gonna blow @ 1215-1217 IF price goes there..

Took tiny loss @ 1213

PS: Scalping / hedging helped to mitigate the loss..

edit: 1213*
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h4.PNG Size: 23 KB
Click to Enlarge Name: m30.PNG Size: 15 KB
Click to Enlarge Name: h1.PNG Size: 19 KB
Hello World!
  • #20,202
  • Dec 4, 2014 8:16am Dec 4, 2014 8:16am
I can see that we are forming a descending wedge double bottom target 1269 also it is 20 moving average point in monthly time frame
Looking for it
All have a nice day
focus while relaxed to see better
  • #20,203
  • Dec 4, 2014 8:18am Dec 4, 2014 8:18am
did he say for QE types "we talked everything but the gold" ?
  • #20,204
  • Dec 4, 2014 8:19am Dec 4, 2014 8:19am
Quoting orabi
I can see that we are forming a descending wedge double bottom target 1269 also it is 20 moving average point in monthly time frame Looking for it All have a nice day
Lets review the situation after a few hrs..

I see this happening a lot here, a little price shoot.. and you just raised your target.. Why not achieve first target & then perhaps set a higher target for your longs?
Hello World!
  • #20,205
  • Dec 4, 2014 8:20am Dec 4, 2014 8:20am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Dollar to be applauded - what a move to end the day. Quick off to home and enjoy being an islander.

It paid off well if 1202 is taken out in a decisive manner - I am in for 1190.

Cheers,
KAH
  • #20,206
  • Dec 4, 2014 8:22am Dec 4, 2014 8:22am
Now on sidelines.. for a while.. took advantage of the PA..

Back to old positions.. not bad....
Hello World!
  • #20,207
  • Dec 4, 2014 8:25am Dec 4, 2014 8:25am
dont panic 1219 and more i hope ,,us is going down
  • #20,208
  • Dec 4, 2014 8:32am Dec 4, 2014 8:32am
Quoting ClockTrader
Now on sidelines.. for a while.. took advantage of the PA.. Back to old positions.. not bad....
I have 3 shorts open...and looking for first target of 1188, though I think we could see 1180 on volatility tomorrow.
"The market can remain irrational longer than you can remain solvent"
  • #20,209
  • Dec 4, 2014 8:33am Dec 4, 2014 8:33am
Quoting ClockTrader
{quote} Lets review the situation after a few hrs.. I see this happening a lot here, a little price shoot.. and you just raised your target.. Why not achieve first target & then perhaps set a higher target for your longs?
Hi dear sir clock trader
You know each time you look at chart you may find a guiding clue of what other traders are doing
A good look at 4 hour time frame will show you that some are still buying deeps fallingbwedge shooting up is also a clue
I defined my target as 1250 because i was missing the 20 day moveing average in my calculation i calculated the double bottom pattern depth
And i find it is between 1141 and 1201 a 60 dollar size applying it to chart gave meba match with my 20 day moving average so i raised my target to it and i am following your words trade ligth trade safty
Thank you so m ch
Have a nice day sir and all traders here
focus while relaxed to see better
  • #20,210
  • Dec 4, 2014 8:37am Dec 4, 2014 8:37am
Never mind my friend.. perhaps I sounded a little rude :-)

Only thing I try to impose all the time is that people shouldn't get greedy.. So, I think I just got carried away!

Quoting orabi
{quote} Hi dear sir clock trader You know each time you look at chart you may find a guiding clue of what other traders are doing A good look at 4 hour time frame will show you that some are still buying deeps fallingbwedge shooting up is also a clue I defined my target as 1250 because i was missing the 20 day moveing average in my calculation i calculated the double bottom pattern depth And i find it is between 1141 and 1201 a 60 dollar size applying it to chart gave meba match with my 20 day moving average so i raised my target to it and i am...
Hello World!
  • #20,211
  • Dec 4, 2014 8:38am Dec 4, 2014 8:38am
Repeat my advise: Trade light & Safe!

There will always be another day..
Hello World!
  • #20,212
  • Dec 4, 2014 8:42am Dec 4, 2014 8:42am
Trade ligth trade safty and there will always be another day
focus while relaxed to see better
  • #20,213
  • Dec 4, 2014 8:44am Dec 4, 2014 8:44am
Quoting anton.olff
{quote} I have 3 shorts open...and looking for first target of 1188, though I think we could see 1180 on volatility tomorrow.
I lost a bit of my floating profit in the past few days.. Crying over it would be lame.. Sideways is always bad for me.. Right now my analyzing abilities are completely NULL / VOID.. can't think at all.. this means.. I should sit on sidelines until tomorrow morning at least..

This Indian contract expiry is a BIG BUG I can't figure out.. Looking at peak-outs.. can't see anyway price will fly high.. BUT today's peak-out could be fake..

whatever.. I just don't wanna think anymore.. need rest

Had a small shot of single malt earlier.. looks like I need it again.... but, I won't :-)

Trade Light & Safe.. I wish I could say it 100 times daily to people here :-D
Hello World!
  • #20,214
  • Dec 4, 2014 8:49am Dec 4, 2014 8:49am
Quoting letscry
did he say for QE types "we talked everything but the gold" ?
He did not finish his sentence but every1 selling gold? WTH??
  • #20,215
  • Dec 4, 2014 8:50am Dec 4, 2014 8:50am
Quoting letscry
did he say for QE types "we talked everything but the gold" ?
hmm he said "anything but gold" and gold doesnt fall...
  • #20,216
  • Dec 4, 2014 8:50am Dec 4, 2014 8:50am
What wrong with gold today? It move like crazy unpredictably. Hit 2 stop loses. :-(
Trade at your own risk. Don't follow one's opinion.
  • #20,217
  • Dec 4, 2014 8:54am Dec 4, 2014 8:54am
Quoting letscry
{quote} hmm he said "anything but gold" and gold doesnt fall...
but gold what?? after he said that, gold price fell
  • #20,218
  • Dec 4, 2014 8:57am Dec 4, 2014 8:57am
he said we discuss everthing for QE types except gold.
  • #20,219
  • Dec 4, 2014 9:17am Dec 4, 2014 9:17am
everyone loves mr draghi because he just makes us money - i had bad week last week on gold long, but today napped a euro/usd. gold, and euro.gbp spike thanks to my new friend in Brussels

im trying to trade smaller = eg looking for 3-5 p move on gold - seems to be working bettert : just find high low channel, take mid point, trade it up and down 3-5, look for three to five moves in a day or few hours

1213 high - 1203 low ---- mid point 1208

lets count how many crosses up and down in next few hours
  • #20,220
  • Dec 4, 2014 9:25am Dec 4, 2014 9:25am
We have a clear continues flag in the last up trend it is not a falling wedge after all but looking to monthly time frame we do have a falling wedge
Long view term is 1470 to touch 55 days moving average .
Trade ligth trade safty
All have a nice day
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focus while relaxed to see better
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