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  • #20,441
  • Dec 10, 2014 2:35am Dec 10, 2014 2:35am
Quoting ClockTrader
{quote} 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..
i agree, but the price will retrace, i am also waiting for good opportunity
STAY HUNGRY STAY FOOLISH
  • #20,442
  • Dec 10, 2014 2:51am Dec 10, 2014 2:51am
Quoting ClockTrader
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.. {quote}
ok , nothing concluded yet & we not trade in those tf also , lower tf or right now price in just a bull try ,\still so skaky, unclear , ranging only , got lowest singal for further bull but not the lowest signal for the real bull if or trend change or just 1 leg up for 1522 . pa now in H4 chart .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #20,443
  • Dec 10, 2014 2:58am Dec 10, 2014 2:58am
perfect zone for sell ,at least for me as tp long buying 1994
Let me fill my acount wallet then will take Ur advice
  • #20,444
  • Dec 10, 2014 3:05am Dec 10, 2014 3:05am
this is my view.
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STAY HUNGRY STAY FOOLISH
  • #20,445
  • Dec 10, 2014 3:48am Dec 10, 2014 3:48am
My wiev.

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  • #20,446
  • Dec 10, 2014 4:00am Dec 10, 2014 4:00am
Quoting FXRobert
My wiev. {image}
even i am thinking 1218-1224 is area for retracement..
STAY HUNGRY STAY FOOLISH
  • #20,447
  • Dec 10, 2014 4:48am Dec 10, 2014 4:48am
Quoting ritmorhythm
{quote} even i am thinking 1218-1224 is area for retracement..
Possible.
If price down below 1209 I change my wiev
  • #20,448
  • Dec 10, 2014 5:37am Dec 10, 2014 5:37am
Quoting FXRobert
{quote} Possible. If price down below 1209 I change my wiev
even i agree now, but have all my options open, i am still on side lines.
STAY HUNGRY STAY FOOLISH
  • #20,449
  • Dec 10, 2014 5:54am Dec 10, 2014 5:54am
well i hope my option helps even i doubt it,anyways gold would hit 1237 or 1235 Not more than that!! then it based around 1220/1230 for this year with som short bear (1190/1210) and long bull (1225/1245) that's my view for this year so its short sell 1230 area and short buy 1200 area and that's my view which lay on facts and all upcoming events though
Let me fill my acount wallet then will take Ur advice
  • #20,450
  • Dec 10, 2014 6:01am Dec 10, 2014 6:01am
this area stil lholding we need to go under 1225 to add more short.
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  • #20,451
  • Dec 10, 2014 6:09am Dec 10, 2014 6:09am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
So here is my detailed take on the move - along with my charts and indications.

Considering the 1238 level as a key rejection price, I would go short around 1228 with a SL of 1240 and build positions on my way down. Confirmation as seen in the charts are needed as follows:

 

  1. M30 - there has to be a clean and clear breach and sustenance below 1224.50
  2. H1 - it has to settle down below 1218
  3. H4 - it should take out 1205 with penetration and close below the referred to level of 1205

Now the key question is when could these confirmations would come, I believe next 24 hours we might be having them handy with us or even before that, who knows. I see bulls are getting exhausted, but so far bears are not entering, bull exhaustion and bear domination would make the journey a little faster than expected.

Have a blessed week and may all of us make enough green pips.

Cheers,
KAH

Attached Image(s) (click to enlarge)
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  • #20,452
  • Dec 10, 2014 6:14am Dec 10, 2014 6:14am
Quoting Kah
So here is my detailed take on the move - along with my charts and indications. Considering the 1238 level as a key rejection price, I would go short around 1228 with a SL of 1240 and build positions on my way down. Confirmation as seen in the charts are needed as follows: M30 - there has to be a clean and clear breach and sustenance below 1224.50 H1 - it has to settle down below 1218 H4 - it should take out 1205 with penetration and close below the referred to level of 1205 Now the key question is when could these confirmations would come, I believe...
agree with you but lets not forget its oil day for today so it might defect gold
Let me fill my acount wallet then will take Ur advice
  • #20,453
  • Dec 10, 2014 6:15am Dec 10, 2014 6:15am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting Kah
So here is my detailed take on the move - along with my charts and indications. Considering the 1238 level as a key rejection price, I would go short around 1228 with a SL of 1240 and build positions on my way down. Confirmation as seen in the charts are needed as follows: M30 - there has to be a clean and clear breach and sustenance below 1224.50 H1 - it has to settle down below 1218 H4 - it should take out 1205 with penetration and close below the referred to level of 1205 Now the key question is when could these confirmations would come, I believe...
Ok - this happened sooner than expected, with the attached chart we could see that we are almost there - a clean and clear breach and close under 1224.50 is what I need on M30 as a confirmation and then I would move to the H1 chart for further confirmations.

KAH
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  • #20,454
  • Dec 10, 2014 7:01am Dec 10, 2014 7:01am
As expected & stated before.. sideways consolidation continues.. awaiting perfect timing to short..
Hello World!
  • #20,455
  • Dec 10, 2014 7:09am Dec 10, 2014 7:09am
Quoting ClockTrader
As expected & stated before.. sideways consolidation continues.. awaiting perfect timing to short..
So u are shorting now or will wait more?
  • #20,456
  • Dec 10, 2014 7:28am Dec 10, 2014 7:28am
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Ro IMRAN Ro
  • #20,457
  • Dec 10, 2014 8:02am Dec 10, 2014 8:02am
Quoting RomanBubenik
{quote} So u are shorting now or will wait more?
On sidelines.. awaiting volatility to occur in North.. that could happen with tomorrow's high impact data on way....
Hello World!
  • #20,458
  • Dec 10, 2014 8:04am Dec 10, 2014 8:04am
They doing nothing but cleaning the floor for play.. this little volatility looks fake.. full of traps..

I don't mind if I miss the train..
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Hello World!
  • #20,459
  • Dec 10, 2014 8:05am Dec 10, 2014 8:05am
here we come 1225 again, hope it breaks this time.
  • #20,460
  • Dec 10, 2014 8:09am Dec 10, 2014 8:09am
Quoting letscry
here we come 1225 again, hope it breaks this time.
You may be right.. but my natural thought in this situation would be.. sideways in 1220-40 range tomorrow.

Fake breakouts.. Fake traps.. IMHO
Hello World!
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