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Only Gold!

  • #20,561
  • Dec 12, 2014 10:34am Dec 12, 2014 10:34am
Quoting Kah
Have a good weekend guys, technically and fundamentally we have a bearish setup however PA is not respecting that so I am still holding my positions and would see next week, what it takes to sort it out. This was a boring week. Have a great weekend. Cheers, KAH
Closed my order @ BE on this short cos price action seemed to be almost going bonkers like you said. I am slightly bullish on the pair right now but would need the early hours of next week's opening to really make up my mind but all in all today had been a wild goose chase which luckily only cost me time and not money (demo though) .
Less is more...
  • #20,562
  • Dec 12, 2014 10:50am Dec 12, 2014 10:50am
Quoting ajantala
{quote} Closed my order @ BE on this short cos price action seemed to be almost going bonkers like you said. I am slightly bullish on the pair right now but would need the early hours of next week's opening to really make up my mind but all in all today had been a wild goose chase which luckily only cost me time and not money (demo though) .
Monday is going to be volatile & slippery, like its supposed it. I'm quite hopeful about that. Sitting on sidelines was and is worth. Can't recall last time when I was so patient. No matter what, will start with a set of test shorts only.. IF I'm right, I know how to build these right.

Wish you all a great weekend!
Hello World!
  • #20,563
  • Dec 12, 2014 12:11pm Dec 12, 2014 12:11pm
still save to trade gold as sell
Let me fill my acount wallet then will take Ur advice
  • #20,564
  • Dec 12, 2014 12:45pm Dec 12, 2014 12:45pm
end of a boring week.............hope to see gold falling down from monday will try short gold on monday @ indian market opening............have a great weekend to all
  • #20,565
  • Dec 13, 2014 2:46am Dec 13, 2014 2:46am
Not trying to be a kill-joy here but if 1228 is breached at any point next week then my view would be totally bullish.
Less is more...
  • #20,566
  • Dec 13, 2014 7:22am Dec 13, 2014 7:22am
So far I have belived in the bears but now i do really not have any belivings but according to price pattern the gold price are going to climp over the next weeks.

Since what ive discovered is a weekly pattern you cant exclude a dip back to previous lows, but honestly I dont belive in 1024 anymore which is around yearly piviot if im not mistaken.

At least i would get rid of shorts before new year and sit on the sideline waiting for confirmation, I did belive current gold rally upwards was to trap longs, but maybe the smaller rally down has been to trap short, there have been tons of analyzis supporting 10xx level by christmas and a fewer analyzis suggesting bull movments.

during recent weeks gold has been so hot, so i did not have any positions, no huge profits but it is okay, since i did not have huge loss either which might been the result from down rally followed by conilidation and an even bigger bull rally.

What is your suggestion will you take this huge harmonic white swan on weekly chart into consideration before building and trapping your shorts? The pattern has already reched its target, and is about to confirm if the movment are going be be bull or not.

as it is weekly chart im not expecting confirmation yet, but maybe in the few next bars, the biggest challange will be to find a good entry if your planning to trade this, I will be looking for long opportunities on lower timeframe in the new year if the swan confirms it is going to perform bull actions.

1340-1350 seems like realistic first target for this pattern, however it might bring prices very much higher.

a harmonic patter formed over a 14 year period may seem to be stupid, but i think its important to keep it in mind an see how it plays out. 4 hours chart suggest a dip in price imo, but im not taking shorts as stated earlier.

i will just enjoy the show from the sideline
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  • #20,567
  • Dec 13, 2014 9:03am Dec 13, 2014 9:03am
Quoting ajantala
Not trying to be a kill-joy here but if 1228 is breached at any point next week then my view would be totally bullish.
Why you calling it kill-joy mate? There maybe numerous fellas here who are long & would be happy to see it flying high?

For instance me.. I would love to see it climb higher.. like 10 - 20 $s from current price: 1222

I'm quite sure IF price shoots from here.. its going to be volatile.. & its going to peak-out on VVSA & once it does so.. You'll see me selling..

Two fellas long & short from same point may end in profit & even in loss.. lotsa possibilities there.. you know what I'm talking

Just feel free to share your thoughts.. Its democracy here..
Hello World!
  • #20,568
  • Dec 13, 2014 10:09am Dec 13, 2014 10:09am
Quoting ClockTrader
{quote} Why you calling it kill-joy mate? There maybe numerous fellas here who are long & would be happy to see it flying high? For instance me.. I would love to see it climb higher.. like 10 - 20 $s from current price: 1222 I'm quite sure IF price shoots from here.. its going to be volatile.. & its going to peak-out on VVSA & once it does so.. You'll see me selling.. Two fellas long & short from same point may end in profit & even in loss.. lotsa possibilities there.. you know what I'm talking Just feel free to share your thoughts.. Its democracy...
Thanks CT. You know from most comments I had seen this week people were more of on the bearish side so I was just trying to be politically inclined. It sure is a democracy so I will continue to air my views but beginners should beware of following blindly because opinions can change per time in this market.
Less is more...
  • #20,569
  • Dec 13, 2014 1:20pm Dec 13, 2014 1:20pm
Quoting NWGstudent
So far I have belived in the bears but now i do really not have any belivings but according to price pattern the gold price are going to climp over the next weeks. Since what ive discovered is a weekly pattern you cant exclude a dip back to previous lows, but honestly I dont belive in 1024 anymore which is around yearly piviot if im not mistaken. At least i would get rid of shorts before new year and sit on the sideline waiting for confirmation, I did belive current gold rally upwards was to trap longs, but maybe the smaller rally down has been...
Seriously, until i see you loading big longs on this weekly gold pattern your view to me means 0.
I repeat 0. Good luck.
  • #20,570
  • Dec 14, 2014 6:20am Dec 14, 2014 6:20am
Quoting janpec1000
{quote} Seriously, until i see you loading big longs on this weekly gold pattern your view to me means 0. I repeat 0. Good luck.
So me risking my account makes this valid to you? I wouldn't skip money management so you won't see me go all in.Keep in mind this is a huge patterns one candle a week as stated before a dip to the downside does not make this pattern unvalid. Also as I said I'm not in a hurry to fill longs. Maybe we will see a 1020 level. Then you will see me long or if the pattern makes confirmation to the upside.Anyway I shared my long term view and not my intraday view since I don't have it. If you find it relevant or not is really irrelevant to me.Just a contribution.
  • #20,571
  • Dec 14, 2014 8:31am Dec 14, 2014 8:31am
Apparent PA at market open & this whole week. take care .Do or die Gold .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #20,572
  • Dec 14, 2014 8:37am Dec 14, 2014 8:37am
still watching for a break and close of 1237, to determine the full bulls momentum
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  • #20,573
  • Dec 14, 2014 3:46pm Dec 14, 2014 3:46pm
after all the watch i think its time for a sell, lot to explain ,so simply its a sell area for me,good luck all
Let me fill my acount wallet then will take Ur advice
  • #20,574
  • Dec 14, 2014 8:56pm Dec 14, 2014 8:56pm
Quoting ajantala
{quote} Thanks CT. You know from most comments I had seen this week people were more of on the bearish side so I was just trying to be politically inclined. It sure is a democracy so I will continue to air my views but beginners should beware of following blindly because opinions can change per time in this market.
When price is falling, majority of people who post here would be the ones who are short.. The fellas who are long will not post a lot until price begins to climb.

There are hardly a handful people here who would come forward & over & over again that they got hit.

See price climbing through roof? A bunch of fellas would pop-up saying that they were long.. they would even post screenshots of their positions.

I hope you & others got what I'm trying to say. So, never get carried away by what people are saying here.
Hello World!
  • #20,575
  • Dec 14, 2014 9:00pm Dec 14, 2014 9:00pm
Quoting fontu
Apparent PA at market open & this whole week. take care .Do or die Gold . fontu {image}
@1217

I still think this could bounce from here.. IF this goes way down.. safe to say I missed the train to South..
Hello World!
  • #20,576
  • Dec 14, 2014 9:06pm Dec 14, 2014 9:06pm
Quoting ClockTrader
{quote} When price is falling, majority of people who post here would be the ones who are short.. The fellas who are long will not post a lot until price begins to climb. There are hardly a handful people here who would come forward & over & over again that they got hit. See price climbing through roof? A bunch of fellas would pop-up saying that they were long.. they would even post screenshots of their positions. I hope you & others got what I'm trying to say. So, never get carried away by what people are saying here.
True that! I'll keep that in mind.
Less is more...
  • #20,577
  • Dec 14, 2014 9:48pm Dec 14, 2014 9:48pm
Quoting 4x_Trader
sell limit @ 1225 sl 1257 tp 1150.... aggressive trader may short now @ 1221 sl 1257 tp 1150
  • #20,578
  • Dec 14, 2014 11:17pm Dec 14, 2014 11:17pm
Quoting ClockTrader
{quote} @1217 I still think this could bounce from here.. IF this goes way down.. safe to say I missed the train to South..
may be at a d bottom or C 2 down leg but think not, another small leg down likely to test 1209 before the bounce for the top again from where the decision should come , breaks 1240 , then 1255 as a bull signal first hand before correction down or just break 1208 before the bounce for the top to die as further leg or crush signal at hand then.
Now playing for new corrective leg c2 before another try for top play.
Take care .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #20,579
  • Dec 15, 2014 12:45am Dec 15, 2014 12:45am
Quoting fontu
{quote} may be at a d bottom or C 2 down leg but think not, another small leg down likely to test 1209 before the bounce for the top again from where the decision should come , breaks 1240 , then 1255 as a bull signal first hand before correction down or just break 1208 before the bounce for the top to die as further leg or crush signal at hand then. Now playing for new corrective leg c2 before another try for top play. Take care . fontu {image} {image}
Right now on sidelines.. awaiting a clean & clear peak-out.. lets see if I can catch one.. within a day or so..

The expected bounce appears in place.. will wait further until NY morning to see how this goes..
Hello World!
  • #20,580
  • Dec 15, 2014 2:18am Dec 15, 2014 2:18am
at last we cosed under h4 up trend line, now we gona test d1 support line, it is around 1212 area, hope it breaks.
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