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  • #20,301
  • Dec 5, 2014 12:05pm Dec 5, 2014 12:05pm
Quoting letscry
1186 support trend line coming. {image}
support trend line??? whts that mean???
  • #20,302
  • Dec 5, 2014 12:08pm Dec 5, 2014 12:08pm
Quoting banker19
{quote} support trend line??? whts that mean???
that line was resistance before now it is support line now, if it cant break it to down side it will hold the price.
  • #20,303
  • Dec 5, 2014 12:21pm Dec 5, 2014 12:21pm
Quoting letscry
{quote} that line was resistance before now it is support line now, if it cant break it to down side it will hold the price.
hmmm thanx.... but how much time we would have to look that it cant break support trend line???so that we can go short from there...
  • #20,304
  • Dec 5, 2014 12:22pm Dec 5, 2014 12:22pm
sorry long frm thre..
  • #20,305
  • Dec 5, 2014 5:36pm Dec 5, 2014 5:36pm
Quoting ClockTrader
{quote} When price bottoms-out on a crucial SMA.. I would go for longs.. As visible in the att.. I see a long opportunity developing.. but, I'm in no hurry.. Been under pressure to not lose what I made this week.. so I'll go slow.... {image}

Very clear downtrend. There's absolutely no reason to think the trend is over... we keep seeing lower lows and lower highs. Daily volume showed that the huge spike up other day was a bearish move. At least that's my opinion/ my analysis.
  • #20,306
  • Dec 5, 2014 10:05pm Dec 5, 2014 10:05pm
Quoting Kah
Have a weekend blast with me on my little island Cheers and enjoy a great weekend... Cheers, KAH
You keep talking about your island.. Tell us something.. Are you even serious?

If its for fun, should not be said more than once.. :-)
Hello World!
  • #20,307
  • Dec 5, 2014 10:06pm Dec 5, 2014 10:06pm
Quoting Ck87
{quote} Very clear downtrend. There's absolutely no reason to think the trend is over... we keep seeing lower lows and lower highs. Daily volume showed that the huge spike up other day was a bearish move. At least that's my opinion/ my analysis.
A trader doesn't have to solely rely on a trend.. During a bearish trend on Daily TF.. there can be countless long opportunities.. What do you say?

Trade the swings.. If a trader can ride a long rally.. koooool :-)
Hello World!
  • #20,308
  • Dec 5, 2014 10:14pm Dec 5, 2014 10:14pm
Quoting ClockTrader
{quote} A trader doesn't have to solely rely on a trend.. During a bearish trend on Daily TF.. there can be countless long opportunities.. What do you say? Trade the swings.. If a trader can ride a long rally.. koooool :-)
This is true for sure.... Every trader is different and he/she will know what works for them. Personally I do way better sticking to strong trends. One reason I like sticking with this strategy right now is because I prefer to not use a stop loss. I always feel like I'm giving away money using one (not including SL's after a position is in profit etc) .... So my logic is when I stick to the strong trends and trade w/o a stop loss I feel more comfortable with my position, rather than fighting a trend and not using a SL where the trend can continue and go against me very hard. To each his own, keep up the good work and like you always say, don't get greedy !
  • #20,309
  • Dec 5, 2014 10:52pm Dec 5, 2014 10:52pm
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting ClockTrader
{quote} You keep talking about your island.. Tell us something.. Are you even serious? If its for fun, should not be said more than once.. :-)
CT, why would that be a joke. Long story though. I am from Pakistan but paid a heavy price for being liberal and seven years back shifted and settled in Sri Lanka. So practically I am an Islander. Our construction company bought an island which was 1.3 km inside a lagoon and 38 km outside Colombo city. The plan was to make apartment project there as the extent of land is 13 acres but I ended up making a house for myself called Jannat over there. People from all over the world connect to me through Couchsurfing and come down to stay with us as I am their ambassador in SL. Long story short, I am an islander and I do have an island. Immense peace and contentment.Have a great weekend.
  • #20,310
  • Dec 6, 2014 12:56am Dec 6, 2014 12:56am
after breaking 1175 Either break 1222/39 for 1255 to 1345, 1391, 1431 for next leg UP or down continue 1100, 1070, 1032 or down . no clear dicision yet but got failure break 1222\39 only , no enough , more tries likely or failure around .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 52 KB
Click to Enlarge Name: XAUUSDWeekly.png Size: 40 KB
Click to Enlarge Name: XAUUSDMonthly.png Size: 36 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #20,311
  • Dec 6, 2014 8:59am Dec 6, 2014 8:59am
Quoting Kah
{quote} CT, why would that be a joke. Long story though. I am from Pakistan but paid a heavy price for being liberal and seven years back shifted and settled in Sri Lanka. So practically I am an Islander. Our construction company bought an island which was 1.3 km inside a lagoon and 38 km outside Colombo city. The plan was to make apartment project there as the extent of land is 13 acres but I ended up making a house for myself called Jannat over there. People from all over the world connect to me through Couchsurfing and come down to stay with...
Mate, this forum is for trading gold.

The only thing members are interested in is giving a balanced view or a call, irrespective of their standing in society, which is something CT has always maintained a consistent view on.

So, I urge you to limit your opinions or anything else to just that, otherwise you will continue to run the risk of bringing your credibility into further question.

I hope you take note, and forget about all the bragging.....it serves absolutely no purpose to anyone on here and indicates to us instead that you have some ego related issues that you need to address.
  • #20,312
  • Dec 6, 2014 11:22am Dec 6, 2014 11:22am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting Landline
{quote} Mate, this forum is for trading gold. The only thing members are interested in is giving a balanced view or a call, irrespective of their standing in society, which is something CT has always maintained a consistent view on. So, I urge you to limit your opinions or anything else to just that, otherwise you will continue to run the risk of bringing your credibility into further question. I hope you take note, and forget about all the bragging.....it serves absolutely no purpose to anyone on here and indicates to us instead that you have some...
Ego related issues? Where does that come from. Mind you mate, I come for sharing my view and I don't even take part in argument nor I appreciate or indulge in counter a arguments. He asked something and I replied because he asked. So I am sure there is some reading disability involved in this post. Having said that, I didn't brag - and even if I do, that surely has nothing to do with you. I earned all this through my hard work and persistence so let's not question intentions when we don't know them. Last but not the least, never be judge mental about others. A question asked on the thread has been replied on the thread - if it had been asked in a personal message it would have been replied in reciprocity
  • #20,313
  • Dec 6, 2014 11:31am Dec 6, 2014 11:31am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
With the above said and explained. It ends here and I won't be taking this further as a policy matter.
And if it was really offending then I urge CT to block me on this thread. CT as it has been a little personal to say those things. I hereby protest and won't be on the thread from now on. I feel pleased in maintaining the discipline of the.thread until now and to exhibit maturity of thought, approach and action - I hereby protest at the undue judgements passed.

Cheers,
KAH
  • #20,314
  • Edited 11:55am Dec 6, 2014 11:41am | Edited 11:55am
Quoting Kah
{quote} Ego related issues? Where does that come from. Mind you mate, I come for sharing my view and I don't even take part in argument nor I appreciate or indulge in counter a arguments. He asked something and I replied because he asked. So I am sure there is some reading disability involved in this post. Having said that, I didn't brag - and even if I do, that surely has nothing to do with you. I earned all this through my hard work and persistence so let's not question intentions when we don't know them. Last but not the least, never be judge...
I read your response to CT's question & saw nothing wrong with it.
Besides, it's the weekend so take a break from the charts for a bit :-)
  • #20,315
  • Dec 6, 2014 12:48pm Dec 6, 2014 12:48pm
Quoting Kah
{quote} Ego related issues? Where does that come from. Mind you mate, I come for sharing my view and I don't even take part in argument nor I appreciate or indulge in counter a arguments. He asked something and I replied because he asked. So I am sure there is some reading disability involved in this post. Having said that, I didn't brag - and even if I do, that surely has nothing to do with you. I earned all this through my hard work and persistence so let's not question intentions when we don't know them. Last but not the least, never be judge...
Its simple, just stick to gold related topics...islands and status etc etc etc is irrelevant on a public gold thread
  • #20,316
  • Dec 6, 2014 10:23pm Dec 6, 2014 10:23pm
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting Landline
{quote} Its simple, just stick to gold related topics...islands and status etc etc etc is irrelevant on a public gold thread
Mate - as I already said nothing to be taken further. No time and brains. You try to meditate in order to get done with the bad trade frustration rather than humiliating people. CT rest is for you to answer, why in the world you questioned on a public thread - don't you know it goes against the rules plus you should respect Mr. Defecto Moderator's views Cheers,KAH
  • #20,317
  • Dec 6, 2014 10:32pm Dec 6, 2014 10:32pm
Quoting Ck87
{quote} Very clear downtrend. There's absolutely no reason to think the trend is over... we keep seeing lower lows and lower highs. Daily volume showed that the huge spike up other day was a bearish move. At least that's my opinion/ my analysis.
I agree, this "spike" is still bearish at best and when it just broke a new 4 year low. The true low has not been established, especially with the fact that silver, although not a perfect corollary just broke a new low this week even with the big rebound.

I made nice money on shorting gold last week.
  • #20,318
  • Dec 7, 2014 5:22am Dec 7, 2014 5:22am
I don't remember you sharing your positions or trades here, so I was not aware of your strategy, maybe you should share your trades & positions more..

I would be really keen to know when you opened your last position & when you plan to take profit :-) Guess what? That would help people here, maybe even me.. :-)


Quoting Ck87
{quote} This is true for sure.... Every trader is different and he/she will know what works for them. Personally I do way better sticking to strong trends. One reason I like sticking with this strategy right now is because I prefer to not use a stop loss. I always feel like I'm giving away money using one (not including SL's after a position is in profit etc) .... So my logic is when I stick to the strong trends and trade w/o a stop loss I feel more comfortable with my position, rather than fighting a trend and not using a SL where the trend can...
Hello World!
  • #20,319
  • Dec 7, 2014 5:38am Dec 7, 2014 5:38am
Quoting Landline
{quote} Mate, this forum is for trading gold. The only thing members are interested in is giving a balanced view or a call, irrespective of their standing in society, which is something CT has always maintained a consistent view on. So, I urge you to limit your opinions or anything else to just that, otherwise you will continue to run the risk of bringing your credibility into further question. I hope you take note, and forget about all the bragging.....it serves absolutely no purpose to anyone on here and indicates to us instead that you have some...
Quoting Kah
With the above said and explained. It ends here and I won't be taking this further as a policy matter. And if it was really offending then I urge CT to block me on this thread. CT as it has been a little personal to say those things. I hereby protest and won't be on the thread from now on. I feel pleased in maintaining the discipline of the.thread until now and to exhibit maturity of thought, approach and action - I hereby protest at the undue judgements passed. Cheers, KAH
hi there fellas,

I appreciate concerns of both of you.. While off the topic is allowed during weekends here.. yet.. talking about island over and over again might sound a little distracting.

On other note, even I'm on CS & have hosted people from overseas.. so.. its kooool. I mean I understand your point Kah..

Both of you are respectable members here, so, lets just get over this..

LL, I think he wants to connect with people here.. in real.. in person..
Hello World!
  • #20,320
  • Dec 7, 2014 7:40am Dec 7, 2014 7:40am
Quoting Ck87
{quote} This is true for sure.... Every trader is different and he/she will know what works for them. Personally I do way better sticking to strong trends. One reason I like sticking with this strategy right now is because I prefer to not use a stop loss. I always feel like I'm giving away money using one (not including SL's after a position is in profit etc) .... So my logic is when I stick to the strong trends and trade w/o a stop loss I feel more comfortable with my position, rather than fighting a trend and not using a SL where the trend can...
We all know about gold bull trend last for 12 years but ended up in 2013 so what i being known that in 2013 trend is up and have long there with out sl ???????_____
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