Only Gold! | Page 1030 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #20,581
  • Dec 15, 2014 2:52am Dec 15, 2014 2:52am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Clean and clear bearish confirmations available on M30, H1 and H4. Let's see how it plays out during the rest of the day.

I would wait to see 1201 during the course of the day.

Cheers,
KAH
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLDeM30.png Size: 26 KB
Click to Enlarge Name: GOLDeH1.png Size: 26 KB
Click to Enlarge Name: GOLDeH4.png Size: 24 KB
  • #20,582
  • Dec 15, 2014 2:57am Dec 15, 2014 2:57am
Quoting Kah
Clean and clear bearish confirmations available on M30, H1 and H4. Let's see how it plays out during the rest of the day. I would wait to see 1201 during the course of the day. Cheers, KAH {image} {image} {image}
not yet any , even a signal 1st hand 1208.885 breaks & even if ,price will up towards top \ last leg\spike up for down \crush again. another smaller leg down for 1208.885 ok & if breaks some little more also before react , bounce . anyway take care & not jump before the PA does.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #20,583
  • Dec 15, 2014 3:10am Dec 15, 2014 3:10am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting fontu
{quote} not yet any , even a signal 1st hand 1208.885 breaks & even if ,price will up towards top \ last leg\spike up for down \crush again. another smaller leg down for 1208.885 ok & if breaks some little more also before react , bounce . anyway take care & not jump before the PA does. fontu
As I have been saying since last week, I would love to see the price going higher, as it is always be taken as a opportunity to short the metal from there.

I would again love to see it bouncing, as I would be the first one to short it from there.

Cheers,
KAH
  • #20,584
  • Dec 15, 2014 3:38am Dec 15, 2014 3:38am
Quoting Kah
{quote} As I have been saying since last week, I would love to see the price going higher, as it is always be taken as a opportunity to short the metal from there. I would again love to see it bouncing, as I would be the first one to short it from there. Cheers, KAH
Quoting fontu
{quote} not yet any , even a signal 1st hand 1208.885 breaks & even if ,price will up towards top \ last leg\spike up for down \crush again. another smaller leg down for 1208.885 ok & if breaks some little more also before react , bounce . anyway take care & not jump before the PA does. fontu
Tens of hrs of sideways.. OR several days of sideways in a row.. What do they practically need? only a few hrs to bring PA of 20 - 40 $s.. we all know that..

Couple of sessions & they can move the price like 50 - 60 or even 80 $s.. we've seen that happening this month.. haven't we?

On a broad level my view has been bearish & I'll keep it like that.

Before they bring the price 40 - 50 $s below 1200, they are supposed to hit the sellers hard.. maybe they already have..

Price is too slippery & volatile IMHO.. I would not jump unless I'm sure what I'm doing.. Not making money can be pain, but, I can happily live with that..
Hello World!
  • #20,585
  • Dec 15, 2014 3:45am Dec 15, 2014 3:45am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting ClockTrader
{quote} {quote} Tens of hrs of sideways.. OR several days of sideways in a row.. What do they practically need? only a few hrs to bring PA of 20 - 40 $s.. we all know that.. Couple of sessions & they can move the price like 50 - 60 or even 80 $s.. we've seen that happening this month.. haven't we? On a broad level my view has been bearish & I'll keep it like that. Before they bring the price 40 - 50 $s below 1200, they are supposed to hit the sellers hard.. maybe they already have.. Price is too slippery & volatile IMHO.. I would not jump unless...
I true that bro!

KAH
  • #20,586
  • Dec 15, 2014 8:04am Dec 15, 2014 8:04am
Quoting ClockTrader
{quote} {quote} Tens of hrs of sideways.. OR several days of sideways in a row.. What do they practically need? only a few hrs to bring PA of 20 - 40 $s.. we all know that.. Couple of sessions & they can move the price like 50 - 60 or even 80 $s.. we've seen that happening this month.. haven't we? On a broad level my view has been bearish & I'll keep it like that. Before they bring the price 40 - 50 $s below 1200, they are supposed to hit the sellers hard.. maybe they already have.. Price is too slippery & volatile IMHO.. I would not jump unless...
Agree with u. Being greedy can cause you more pain especially when you're actually suffer a loss. Stay aside is a better option for me too. Though miss the train from 1230 to 1206 is kind of pain.
  • #20,587
  • Dec 15, 2014 9:31am Dec 15, 2014 9:31am
Be Brave. Take Risks. Nothing can substitute experience! FOREX is not suitable for the faint-hearted. You need to have an edge (insider) in order to make money consistently....There is a big difference between a boy versus a man....
  • #20,588
  • Dec 15, 2014 9:32am Dec 15, 2014 9:32am
@ 1214

Testing & would add tot-shorts in the range 1213 - 1220
Hello World!
  • #20,589
  • Dec 15, 2014 9:41am Dec 15, 2014 9:41am
Quoting ClockTrader
@ 1214 Testing & would add tot-shorts in the range 1213 - 1220
Can we have 12 pm NY fast & sooner? Just wanna wind up for the day!

Like they say, its never too late..
Hello World!
  • #20,590
  • Dec 15, 2014 9:42am Dec 15, 2014 9:42am
Quoting 4x_Trader
Be Brave. Take Risks. Nothing can substitute experience! FOREX is not suitable for the faint-hearted. You need to have an edge (insider) in order to make money consistently....There is a big difference between a boy versus a man....
I have a system to follow.. waiting patiently is better than acting stupid my friend. I don't mind selling 10 - 15 $s below the top. I missed some tops but its fine.. I cannot be right all the time..

Att.. is the chart.. that's what I'm testing..
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 17 KB
Hello World!
  • #20,591
  • Dec 15, 2014 10:01am Dec 15, 2014 10:01am
gold peak out coincides with snp and russel fall just last hour - if they retrace gold may well come back down

im a novice - but i see this correlation often, fear factor i call it, fear in market - run to gold

am i right or wrong/
  • #20,592
  • Dec 15, 2014 10:04am Dec 15, 2014 10:04am
Quoting Waitnsee
gold peak out coincides with snp and russel fall just last hour - if they retrace gold may well come back down im a novice - but i see this correlation often, fear factor i call it, fear in market - run to gold am i right or wrong/
Just Trade & make money my friend.. IF you can do it over & over again, you are right.. Since you are novice, I suggest try a demo a/c OR just trade using your pocket money for first 2 yrs at least.

This profession is no different than being a physician or a journalist in terms of hard work & patience..
Hello World!
  • #20,593
  • Dec 15, 2014 10:19am Dec 15, 2014 10:19am
Quoting 4x_Trader
Be Brave. Take Risks. Nothing can substitute experience! FOREX is not suitable for the faint-hearted. You need to have an edge (insider) in order to make money consistently....There is a big difference between a boy versus a man....
You don't need an insider to trade consistently profitable just a good technical and psychological strategy would do.
Less is more...
  • #20,594
  • Dec 15, 2014 10:20am Dec 15, 2014 10:20am
ive been trading two months - 10k account - no point trading if you have no strategy or clue as to why pa is moving in a particular direction - otherwise might as well toss a coin

im trialing a hedge strategy on gold and oil - was doing ok up till about an hour ago, hedging with small gap is great security [two accounts one long and one short with gap hoping the main is with trend] but if second order gets hit and immeditely reverses as it did few minutes ago, you have to juggle like mad

i am a juggling
  • #20,595
  • Dec 15, 2014 10:44am Dec 15, 2014 10:44am
Quoting ClockTrader
{quote} Can we have 12 pm NY fast & sooner? Just wanna wind up for the day! Like they say, its never too late..
Inching towards 12 pm NY, I think we are sitting on or around the top of this price-shoot..

PS: Buy Stops in 1225-30 range.. as SL (scalps etc separate)
Hello World!
  • #20,596
  • Dec 15, 2014 11:48am Dec 15, 2014 11:48am
One H1 candle and it's down again
The master knows exactly the right time to do nothing.
  • #20,597
  • Dec 15, 2014 11:50am Dec 15, 2014 11:50am
stop huntıng, nthng else...
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDM5.png Size: 35 KB
  • #20,598
  • Dec 15, 2014 1:42pm Dec 15, 2014 1:42pm
fomc is being priced atm, lets see till where they will do it. hope all of us caught the move right side.
  • #20,599
  • Dec 15, 2014 1:57pm Dec 15, 2014 1:57pm
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Yet again, persistence paid off. Closed all shorts which I initiated from 1236 downwards at 1194.50.

Mate, am I allowed to bounce now PA was volatile and I did nothing but to stick to my view with patience. Criticism was good but by the end of the day its your view which matters. Now will watch and do nothing.

Cheers,
KAH
  • #20,600
  • Dec 15, 2014 2:23pm Dec 15, 2014 2:23pm
Quoting Kah
Yet again, persistence paid off. Closed all shorts which I initiated from 1236 downwards at 1194.50. Mate, am I allowed to bounce now PA was volatile and I did nothing but to stick to my view with patience. Criticism was good but by the end of the day its your view which matters. Now will watch and do nothing. Cheers, KAH
Im still holding, expect under 1190, my TP is 1188
26 traders viewing now