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  • #20,421
  • Dec 9, 2014 9:55am Dec 9, 2014 9:55am
Quoting ClockTrader
{quote} IF 1238 can sustain as a top.. this could be a nice area to short from.. I'll have patience & watch carefully for the next 24 hrs.. :-) On this note of yours, I'll test light shorts now :-)
Agreed.

Let the madness stop first.
Money is People - People is Money
  • #20,422
  • Dec 9, 2014 10:23am Dec 9, 2014 10:23am
Hello

Is a stoploss at 1300 save enough?
It's a long time that I trade gold.
  • #20,423
  • Dec 9, 2014 10:25am Dec 9, 2014 10:25am
Quoting banker19
{quote} can u send the link plz???
https://in.finance.yahoo.com/news/in...122604065.html
  • #20,424
  • Dec 9, 2014 12:21pm Dec 9, 2014 12:21pm
lets see if we can close under 1225 today,
  • #20,425
  • Dec 9, 2014 12:41pm Dec 9, 2014 12:41pm
very nice structure on H4. i'll be watching the daily bar at the close too.
Quit awesome patterns we had before on gold daily chart - second screenshot
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  • #20,426
  • Dec 9, 2014 7:45pm Dec 9, 2014 7:45pm
yesterday gold rises as amercian stock falls...but now they are back to normal..pure manipulation.
  • #20,427
  • Dec 9, 2014 7:54pm Dec 9, 2014 7:54pm
Quoting KieronZ
{quote} Agreed. Let the madness stop first.
It did stop.. as soon as I fired test shorts.. didn't it?

Early indications are exhibiting a sign of peak-out on H4-SMA(555), a clean wick above this.. however, I would have patience.. & would continue with tests only.. Plan to wait until NY noon (10th). This isn't going to fall $20 in the next few sessions, IMHO. Therefore, No Sweat!
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Hello World!
  • #20,428
  • Dec 9, 2014 9:40pm Dec 9, 2014 9:40pm
Quoting ClockTrader
{quote} It did stop.. as soon as I fired test shorts.. didn't it? Early indications are exhibiting a sign of peak-out on H4-SMA(555), a clean wick above this.. however, I would have patience.. & would continue with tests only.. Plan to wait until NY noon (10th). This isn't going to fall $20 in the next few sessions, IMHO. Therefore, No Sweat! {image}
Closed the test shorts @ 123x.. at no loss/profit.. I'll sit on sidelines..
Hello World!
  • #20,429
  • Dec 9, 2014 11:23pm Dec 9, 2014 11:23pm
I think this bull run is going to continue today from all indications...a quiet buying by the bulls in the Asian session.
Less is more...
  • #20,430
  • Dec 10, 2014 12:12am Dec 10, 2014 12:12am
Gold got life for now as broken 1222 & next bar too near 1240 b fore targets 1255, 1286 near term bfore again for 1345 target next. anyway got bounced from monthly\weekly support & now just below the resistance 1240 to next action if hold up try .Entering the smaller range circle > top or bottom first & again the top if then may reach as high as 1522 +_ ( correction to reversal activities ) before next crush , to see.

Take care
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #20,431
  • Dec 10, 2014 12:13am Dec 10, 2014 12:13am
Quoting ClockTrader
{quote} It did stop.. as soon as I fired test shorts.. didn't it? Early indications are exhibiting a sign of peak-out on H4-SMA(555), a clean wick above this.. however, I would have patience.. & would continue with tests only.. Plan to wait until NY noon (10th). This isn't going to fall $20 in the next few sessions, IMHO. Therefore, No Sweat! {image}
I'm with You
  • #20,432
  • Dec 10, 2014 12:24am Dec 10, 2014 12:24am
Quoting fontu
Gold got life for now as broken 1222 & next bar too near 1240 b fore targets 1255, 1286 near term bfore again for 1345 target next. anyway got bounced from monthly\weekly support & now just below the resistance 1240 to next action if hold up try .Entering the smaller range circle > top or bottom first & again the top if then may reach as high as 1522 +_ ( correction to reversal activities ) before next crush , to see. Take care fontu {image} {image}
1345 - 1500+ Gosh!!! Whats your time horizon mate?

I was thinking of 2000 or perhaps 2500, no offense..
Hello World!
  • #20,433
  • Dec 10, 2014 12:30am Dec 10, 2014 12:30am
Quoting FXRobert
{quote} I'm with You
I would like to sell going forward.. however, I would like to be extra careful.. in no mood to lose what I've been making lately..

I'm expecting a nice bear rally to start after the below data tomorrow, there maybe a peak to tap after/around 12pm NY ahead. My sentiment on a broad level is bearish.

ThuDec 118:30am

USDCore Retail Sales m/m0.1%0.3%
USDRetail Sales m/m0.4%0.3%
USDUnemployment Claims299K297K
USDImport Prices m/m-1.7%-1.3%
Hello World!
  • #20,434
  • Edited 12:57am Dec 10, 2014 12:41am | Edited 12:57am
Quoting ClockTrader
{quote} 1345 - 1500+ Gosh!!! Whats your time horizon mate? I was thinking of 2000 or perhaps 2500, no offense..
No problem , they are all speculation only as per possible pa , if go so direct as one leg up before next crush to have still great target , many years I told when it seemed very impossible is limit down for up 1032, & breaks will go further down 800\900$ levels before next level up towards top & in that case ver big ranges for many many years can be likely . if too bullish & try avoid this limit 1032 , like now , may be limiting untill very bullish to above the previous TOP , to me above 2500 next time if or just next leg up towards 1522+_ before crush for 1032. so 1522+ can be 1 to 1.5 years ( short if so bullish now & more if take \test 1032 to there ) or so & top of the top can be 3 years + may need . consolidation phase can take any complex & take any time . lets see .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #20,435
  • Dec 10, 2014 12:44am Dec 10, 2014 12:44am
Quoting ClockTrader
{quote} Closed the test shorts @ 123x.. at no loss/profit.. I'll sit on sidelines..
Glad I exited the test shorts timely.. in the lower 123x.. intra-day scalping views help..

Sidelines feels like rejuvenating.. no stress at all.... don't mind if I miss the train in either direction.... price can consolidate 5 - 10 up/down.. will wait for right time..
Hello World!
  • #20,436
  • Dec 10, 2014 1:03am Dec 10, 2014 1:03am
what was the reason of such a bulish force for Eur yesterday ? Is there any fundamental news?I can't find
  • #20,437
  • Dec 10, 2014 1:26am Dec 10, 2014 1:26am
For me, its kinda hard to understand & explain what will happen 2-3 or 5 yrs from now.. So, I focus more on current & next rally..

Right now price is green.. in line with your view.. I'll wait until I see a perfect short entry..

Quoting fontu
{quote} No problem , they are all speculation only as per possible pa , if go so direct as one leg up before next crush to have still great target , many years I told when it seemed very impossible is limit down for up 1032, & breaks will go further down 800\900$ levels before next level up towards top & in that case ver big ranges for many many years can be likely . if too bullish & try avoid this limit 1032 , like now , may be limiting untill very bullish to above the previous TOP , to me above 2500 next time if or just next leg up towards 1522+_...
Hello World!
  • #20,438
  • Dec 10, 2014 2:05am Dec 10, 2014 2:05am
London open, seems like short, wait for confirmation,
  • #20,439
  • Dec 10, 2014 2:11am Dec 10, 2014 2:11am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting ClockTrader
{quote} I would like to sell going forward.. however, I would like to be extra careful.. in no mood to lose what I've been making lately.. I'm expecting a nice bear rally to start after the below data tomorrow, there maybe a peak to tap after/around 12pm NY ahead. My sentiment on a broad level is bearish. ThuDec 118:30am USDCore Retail Sales m/m0.1%0.3% USDRetail Sales m/m0.4%0.3% USDUnemployment Claims299K297K USDImport Prices m/m-1.7%-1.3%
I true that approach of yours!

Now as I said even yesterday, 1238 is a tough resistance, so let the show begin

I would never take a risk of going long in a bear market - no matter how much of the bull analysis I get and that too from those who were looking at it as a bear market till yesterday.

Cheers,
KAH
  • #20,440
  • Dec 10, 2014 2:22am Dec 10, 2014 2:22am
Quoting Kah
{quote} I true that approach of yours! Now as I said even yesterday, 1238 is a tough resistance, so let the show begin I would never take a risk of going long in a bear market - no matter how much of the bull analysis I get and that too from those who were looking at it as a bear market till yesterday. Cheers, KAH
Possible scenario:
Buy Stops hit @ 1235-37
Their SLs hit @ 1230

Too early to expect a bear rally IMHO.. I'll have patience & would like to wait & sit on sidelines..
Hello World!
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