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  • #20,461
  • Dec 10, 2014 8:39am Dec 10, 2014 8:39am
these patterns are looking really tasty - with trend. The comment on fxentourage is worth reading too. seems like this is not a bad short term trade. anybody seeing gold going to 2000 from here, right now?
I like that consolidation on H4 in PRZ/trading zone = respect the level
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  • #20,462
  • Dec 10, 2014 9:08am Dec 10, 2014 9:08am
Quoting ClockTrader
{quote} You may be right.. but my natural thought in this situation would be.. sideways in 1220-40 range tomorrow. Fake breakouts.. Fake traps.. IMHO
sideways in 1220-40 range until tomorrow.

You may wanna elongate this range using your strategy..

edit: missed "until"
Hello World!
  • #20,463
  • Dec 10, 2014 10:39am Dec 10, 2014 10:39am
corellation between gold and oil last week doesnt exist anymore i think.
  • #20,464
  • Dec 10, 2014 10:53am Dec 10, 2014 10:53am
Quoting letscry
corellation between gold and oil last week doesnt exist anymore i think.
you are right, if it does, we would be yet around 1170 at gold
  • #20,465
  • Dec 10, 2014 11:13am Dec 10, 2014 11:13am
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Ro IMRAN Ro
  • #20,466
  • Dec 10, 2014 3:11pm Dec 10, 2014 3:11pm
1225 got tested again, so boring to wait if it breaks or not.
  • #20,467
  • Dec 10, 2014 7:46pm Dec 10, 2014 7:46pm
Quoting letscry
1225 got tested again, so boring to wait if it breaks or not.
Sideways are always a pain.. having patience is not easy either.... so, what would I do in a situation like this? Have a bold heart, bold enough to miss an opportunity..

OR

Wait until things appear the way I want.. good enough, worth the risk.. I'll have patience until London morning today..

PS: Early signs indicate shorts look good until London morning. Intra-day PA can be very tricky.
Hello World!
  • #20,468
  • Dec 10, 2014 11:40pm Dec 10, 2014 11:40pm
Quoting ClockTrader
{quote} Sideways are always a pain.. having patience is not easy either.... so, what would I do in a situation like this? Have a bold heart, bold enough to miss an opportunity.. OR Wait until things appear the way I want.. good enough, worth the risk.. I'll have patience until London morning today.. PS: Early signs indicate shorts look good until London morning. Intra-day PA can be very tricky.
> PS: Early signs indicate shorts look good until London morning. Intra-day PA can be very tricky.

----> Pretty & in line with the view.. by far..
Hello World!
  • #20,469
  • Dec 10, 2014 11:54pm Dec 10, 2014 11:54pm
lets see if we can stay under 1225 now.
  • #20,470
  • Dec 11, 2014 12:09am Dec 11, 2014 12:09am
Quoting ClockTrader
{quote} Sideways are always a pain.. having patience is not easy either.... so, what would I do in a situation like this? Have a bold heart, bold enough to miss an opportunity.. OR Wait until things appear the way I want.. good enough, worth the risk.. I'll have patience until London morning today.. PS: Early signs indicate shorts look good until London morning. Intra-day PA can be very tricky.
Hope all ok , yeah limit now goes to 1209 ., not 1222 this time , should be next time correction .waiting for that level or nearer.may take the whole day for it & reaction up if .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #20,471
  • Dec 11, 2014 12:14am Dec 11, 2014 12:14am
Quoting letscry
lets see if we can stay under 1225 now.
Not before visiting 1254.xx IMO
  • #20,472
  • Dec 11, 2014 3:23am Dec 11, 2014 3:23am
Quoting letscry
here we come 1225 again, hope it breaks this time.
It broke it as you opined. But is is going down as last week, etc?
  • #20,473
  • Dec 11, 2014 3:33am Dec 11, 2014 3:33am
Now it's going downward from the resistance line. Anyone started to sell?
  • #20,474
  • Dec 11, 2014 3:36am Dec 11, 2014 3:36am
i target 1215 and 1206 for now, if it doesnt go back up.
1238 is double top on Daily chart, and if history repeats itself we can see big move down i hope, but it is too early to say it for now. we need to go under 1200 and stay there.
1227 is my sl for shorts.
this pic is my history repeat hope.
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  • #20,475
  • Dec 11, 2014 3:37am Dec 11, 2014 3:37am
Quoting fontu
{quote} Hope all ok , yeah limit now goes to 1209 ., not 1222 this time , should be next time correction .waiting for that level or nearer.may take the whole day for it & reaction up if . fontu {image} {image}
The price will continue to decline.. IMHO..
Hello World!
  • #20,476
  • Dec 11, 2014 4:00am Dec 11, 2014 4:00am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting ClockTrader
{quote} The price will continue to decline.. IMHO..
I second the opinion as I was on a look out for confirmation on M30, H1 and H4 since yesterday. Got one confirmation yesterday itself on M30 around 1229.50, then today at 1226.50 on H1 and it is now trading well under the broken support. Moving forward still I need a confirmation on H4 which will confirm the raising pattern and I would try to hold the positions for a little longer than what I planned initially.

Breach and penetration technicals are attached.

Cheers,
KAH
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  • #20,477
  • Dec 11, 2014 5:25am Dec 11, 2014 5:25am
it is like World has stoped
  • #20,478
  • Dec 11, 2014 5:40am Dec 11, 2014 5:40am
Perhaps taking a break for US news in 110minutes. Then up or down will continue. For now it will range.
  • #20,479
  • Dec 11, 2014 6:29am Dec 11, 2014 6:29am
if it goes to 1230 area i will get a sl, after that if it drops under 1225 i will sell again.
  • #20,480
  • Dec 11, 2014 6:47am Dec 11, 2014 6:47am
if we look at pic for long term, 1239 was supp before from there it went up more than 100$, 1239 seems as resistance now and it may give us( if it Works) more down movement.
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