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Only Gold!

  • #20,501
  • Dec 11, 2014 9:39am Dec 11, 2014 9:39am
As always, the market is full of surprise. Out of sudden the price bull back to 1223. I just dun see this coming.
  • #20,502
  • Dec 11, 2014 9:43am Dec 11, 2014 9:43am
Quoting ClockTrader
{quote} View went wrong! Safe MM does help..
I don't think it went wrong, my view is that 12PM NY will push it down. Now only desperate bulls are keeping it on 20ish lvl.
Mining gold
  • #20,503
  • Dec 11, 2014 9:45am Dec 11, 2014 9:45am
Quoting ClockTrader
@1222 Testing shorts with SL @ 1227-30 PS: Trading light..
Looks like they were not happy with these short tests, fine.. I'll build these shorts.. if this is how it works.. so, be it..

I'll add short test tomorrow early Indian time..
Hello World!
  • #20,504
  • Dec 11, 2014 9:46am Dec 11, 2014 9:46am
Perhaps another opportunity to add more short ? Might add 1 more position if a doji is form on M30 to H1 TF.
  • #20,505
  • Dec 11, 2014 9:47am Dec 11, 2014 9:47am
Quoting TriLLi
{quote} I don't think it went wrong, my view is that 12PM NY will push it down. Now only desperate bulls are keeping it on 20ish lvl.
Without looking at VVSA on M5, M15 & M30, I kept focusing on H1 bar patterns.. missed a move....

I can't believe I could do that.. nevertheless.. they giving another chance to short.. so I'm gonna grab it tomorrow..
Hello World!
  • #20,506
  • Dec 11, 2014 9:55am Dec 11, 2014 9:55am
Quoting ClockTrader
@1222 Testing shorts with SL @ 1227-30 PS: Trading light..
Set the SL @ 1231, time to take some rest..
Hello World!
  • #20,507
  • Dec 11, 2014 10:33am Dec 11, 2014 10:33am
1228 now, i'm really stunned by this move. totally unexpected
  • #20,508
  • Dec 11, 2014 10:37am Dec 11, 2014 10:37am
Quoting ckwong622
1228 now, i'm really stunned by this move. totally unexpected

I think many traders are. Some were probably stopped out (me!), but now is when it could reverse so perhaps reload.
"The market can remain irrational longer than you can remain solvent"
  • #20,509
  • Dec 11, 2014 10:39am Dec 11, 2014 10:39am
will reload at 1225 i guess
  • #20,510
  • Dec 11, 2014 10:44am Dec 11, 2014 10:44am
now gold will drop like hell if not today then tommorrow...
  • #20,511
  • Dec 11, 2014 10:45am Dec 11, 2014 10:45am
Quoting anton.olff
{quote} I think many traders are. Some were probably stopped out (me!), but now is when it could reverse so perhaps reload.
Still holding my short as havent trigger my Sl 1231. I think is pure manipulate to wash out SLs. I'm also waiting for reverse appear so i can build more short. Gold is always not going to my plan not like EU and UJ.
  • #20,512
  • Dec 11, 2014 10:52am Dec 11, 2014 10:52am
Glad i cleared my shorts inside 1217-18, i have no ideas where to reload, but i won't now. PA is still bullish
COT: The precious data ignored
  • #20,513
  • Dec 11, 2014 10:54am Dec 11, 2014 10:54am
Hi all, gold forming nice fib retrace on upward move. is short wise now?
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  • #20,514
  • Dec 11, 2014 10:55am Dec 11, 2014 10:55am
Quoting ClockTrader
{quote} Set the SL @ 1231, time to take some rest..
Test shorts opened @ 1222, closed @ 1226

I think I need to re-think & re-try shorts tomorrow morning..

Good Luck all!
Hello World!
  • #20,515
  • Dec 11, 2014 10:56am Dec 11, 2014 10:56am
Quoting ckwong622
{quote} Still holding my short as havent trigger my Sl 1231. I think is pure manipulate to wash out SLs. I'm also waiting for reverse appear so i can build more short. Gold is always not going to my plan not like EU and UJ.
The market don't and won't follow our plans..We traders follow the market's trend and PA. God bless all traders..
  • #20,516
  • Dec 11, 2014 10:59am Dec 11, 2014 10:59am
Daily pivot worked nice so far, lets see 1225 area reactin.
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  • #20,517
  • Dec 11, 2014 11:21am Dec 11, 2014 11:21am
wht a move.. after so much better us data it again going up & up not letting us know wht they really want to do
  • #20,518
  • Dec 11, 2014 11:27am Dec 11, 2014 11:27am
Decided to stay out of GOLD this beast until i see a better setup.
  • #20,519
  • Dec 11, 2014 11:47am Dec 11, 2014 11:47am
If prices close above 1230 today then I would be tempted to go lOoong.
Less is more...
  • #20,520
  • Dec 11, 2014 11:50am Dec 11, 2014 11:50am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
A perfect dodge for the shorts and amazing stop hunting exercise...as always patience has to come into play...still bearish on Gold and would look for 1200 level tomorrow.

Goodnight
KAH
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