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Only Gold!

  • #20,241
  • Dec 5, 2014 4:37am Dec 5, 2014 4:37am
haveny had much to add lately.... but I do see some light at the end of the gold tunnell..... turbo trend (short term ) is exhausted maybe , but as usual WHO knows ..cheers Q
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Whats That? you're trading What?
  • #20,242
  • Dec 5, 2014 4:49am Dec 5, 2014 4:49am
Trading Gold is so difficult these days, everything have doubt about yellow metal,even it moves $40 in one hour to south you have doubt for continuation of trend and you can not sell it more, hunting stops and ....
I am really so tired and sitting out
other pairs have nice moves up and down, JPY traveled more than 1000 pip and...
I hope that you guys have a good trades
good luck
  • #20,243
  • Dec 5, 2014 5:44am Dec 5, 2014 5:44am
Looking for a clear breakout here for continuation. Or another reject for a push up again.
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To live a successful life, we must lose our fear of being wrong
  • #20,244
  • Dec 5, 2014 5:55am Dec 5, 2014 5:55am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
I am seeing USD/JPY at this height after February 2007. Amazing!

Great day - too much of work ahead...

Cheers,
KAH
  • #20,245
  • Dec 5, 2014 5:57am Dec 5, 2014 5:57am
Hi all

With NFP upon us (the only news event I pay any attention to btw) the charts imo on all 3 main t/fs Daily 4hr and hourly couldn't be any more difficult to fathom out, which is not that unusual I suppose, but there seems so many conflicting signals as per my usual style of trading anyway.

I suspect any positions currently open will be in for a very rough ride, because the PA to me looks very suspicious, and seems perfectly set up to take out stops both long and short today, particularly as there is no clear direction as yet.

On that basis for me personally, theres no way I could be confident with taking a trade on at present and I'll be steering well clear of any trades today

Good luck to those bravehearts that fancy their chances today though...but not for me...im sitting out.
  • #20,246
  • Dec 5, 2014 6:05am Dec 5, 2014 6:05am
Alright then, I am calling it shorts once the support at 1193.30 is broken...get rich or die trying.
Less is more...
  • #20,247
  • Dec 5, 2014 6:06am Dec 5, 2014 6:06am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Bearish confirmations available and well penetrated on M30 and H1, H4 is still struggling - a clean and clear break of 1196.50 and penetration under this level would provide us a longer term confirmation.

I am out for the day - taking profits out of my 1213 and 1207 shorts.

Cheers,
KAH
Attached Image(s) (click to enlarge)
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  • #20,248
  • Dec 5, 2014 6:07am Dec 5, 2014 6:07am
Quoting Kah
Bearish confirmations available and well penetrated on M30 and H1, H4 is still struggling - a clean and clear break of 1196.50 and penetration under this level would provide us a longer term confirmation. I am out for the day - taking profits out of my 1213 and 1207 shorts. Cheers, KAH {image} {image} {image}
Wise!
  • #20,249
  • Dec 5, 2014 6:10am Dec 5, 2014 6:10am
Quoting Kah
Bearish confirmations available and well penetrated on M30 and H1, H4 is still struggling - a clean and clear break of 1196.50 and penetration under this level would provide us a longer term confirmation. I am out for the day - taking profits out of my 1213 and 1207 shorts. Cheers, KAH {image} {image} {image}
Trust me when I say, 'You will be back for more'!
Less is more...
  • #20,250
  • Dec 5, 2014 6:16am Dec 5, 2014 6:16am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting ajantala
{quote} Trust me when I say, 'You will be back for more'!
May be may be not - it depends on the volatility and technical correlations, if I will find both of these elements, I will definitely be back otherwise, I will be an islander again, and will enjoy an early weekend islandish night.

As fund manager, I have done enough for the week - and taking risk just for the sake of taking it is of no use, but that doesn't imply that I won't be back for more, as I already said, I may and I may not.

Cheers,
KAH
  • #20,251
  • Dec 5, 2014 6:39am Dec 5, 2014 6:39am
lets see if they can hold around 1200$ till data.
  • #20,252
  • Dec 5, 2014 6:45am Dec 5, 2014 6:45am
Quoting letscry
lets see if they can hold around 1200$ till data.
Interesting that there is little pre-positioning prior to NFP. Could be a real mover with a $50+ range soon.
"The market can remain irrational longer than you can remain solvent"
  • #20,253
  • Dec 5, 2014 6:59am Dec 5, 2014 6:59am
sharing pivot levels. this early AM bear trap is a possible upside signal but as always, no entry until after announcement.
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  • #20,254
  • Dec 5, 2014 7:07am Dec 5, 2014 7:07am
Who let the Bulls out?
OR
Who let the Bears out?

Whatever, I'd like to wait for the news release.. let the dust settle down.. then take position on the basis of VVSA..

I don't mind if I miss the train..

Trade Safe!
Hello World!
  • #20,255
  • Dec 5, 2014 7:11am Dec 5, 2014 7:11am
Quoting ClockTrader
Who let the Bulls out? OR Who let the Bears out? Whatever, I'd like to wait for the news release.. let the dust settle down.. then take position on the basis of VVSA.. I don't mind if I miss the train.. Trade Safe!
Good point about missing the train. I would rather miss a trade, than mess a trade.
"The market can remain irrational longer than you can remain solvent"
  • #20,256
  • Dec 5, 2014 7:13am Dec 5, 2014 7:13am
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is it back to 1239,,i have been saying this over a week,and if buying on that scale of dip it might be the right trade sl can be left open if long but who would do that
  • #20,257
  • Dec 5, 2014 7:16am Dec 5, 2014 7:16am
Quoting ClockTrader
Who let the Bulls out? OR Who let the Bears out? Whatever, I'd like to wait for the news release.. let the dust settle down.. then take position on the basis of VVSA.. I don't mind if I miss the train.. Trade Safe!
VVSA means?
  • #20,258
  • Dec 5, 2014 7:19am Dec 5, 2014 7:19am
Advice for noobs (for sanity, longevity, and success): trade small enough that market gyrations won't make u nervous.
  • #20,259
  • Dec 5, 2014 7:41am Dec 5, 2014 7:41am
I hope most were lined up good on this one in the South direction? Hopefully it keeps dipping.
Less is more...
  • #20,260
  • Dec 5, 2014 7:43am Dec 5, 2014 7:43am
The INdian contract expiry taking place today is in play, IMHO!

Support is building up.. I'll wait for another hr. I think I should wait for Monday to pass by to try longs....
Hello World!
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