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  • #21,361
  • Jan 14, 2015 8:24am Jan 14, 2015 8:24am
Closed my Long position at 1241 as it seems like struggle to break the resistance. Will wait the news impact chill off before taking new position.
  • #21,362
  • Jan 14, 2015 8:25am Jan 14, 2015 8:25am
Quoting Ck87
{quote} Bad wording, meant short top area 1243 etc... this is a really tempting short, but mkt is so tricky and likes to do that final up move to trick everyone, this could have been it.... or we could have one last final plug up
Here is something you guys might like..

Its been developing nicely on H4 as well :-)

Could this get any better for sellers? I wish expiry was closer..

Fingers crossed..
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 20 KB
Hello World!
  • #21,363
  • Jan 14, 2015 8:26am Jan 14, 2015 8:26am
Quoting Ck87
Yeah, that could be the final top right there.. Volume shows very bearish. hmmm, good luck all.
Agree. Seem like it fails to create new high and will head down again.
  • #21,364
  • Jan 14, 2015 8:33am Jan 14, 2015 8:33am
head and shoulders / ?
  • #21,365
  • Jan 14, 2015 8:33am Jan 14, 2015 8:33am
Quoting ckwong622
{quote} Agree. Seem like it fails to create new high and will head down again.
Quoting Ck87
Yeah, that could be the final top right there.. Volume shows very bearish. hmmm, good luck all.
My advise would be to sell with caution IF you are selling.. in other words.. Trade light & safe..

IF you are right, there would always be lower peaks to short from..
Hello World!
  • #21,366
  • Jan 14, 2015 8:35am Jan 14, 2015 8:35am
Quoting ClockTrader
{quote} {quote} My advise would be to sell with caution IF you are selling.. in other words.. Trade light & safe.. IF you are right, there would always be lower peaks to short from..
Yeah, thanks, you know me by now, way too aggressive and too much of a kamikaze over leverage guy. Would be quite wealthy if that were not the case. Keep up the good work m8, gl.
  • #21,367
  • Jan 14, 2015 8:38am Jan 14, 2015 8:38am
Quoting ClockTrader
{quote} {quote} My advise would be to sell with caution IF you are selling.. in other words.. Trade light & safe.. IF you are right, there would always be lower peaks to short from..
Just gonna stay aside and wait first. Patience is the key to success in trading.
  • #21,368
  • Jan 14, 2015 8:39am Jan 14, 2015 8:39am
Quoting ckwong622
{quote} Just gonna stay aside and wait first. Patience is the key to success in trading.
It is true, and as they say, the early bird may get the worm, but the second mouse gets the cheese
  • #21,369
  • Jan 14, 2015 8:42am Jan 14, 2015 8:42am
Quoting Ck87
{quote} It is true, and as they say, the early bird may get the worm, but the second mouse gets the cheese
Nice quote. It's gonna be pain in the ass if we just jump into this hot water without a clear signal.
  • #21,370
  • Jan 14, 2015 8:46am Jan 14, 2015 8:46am
Quoting ckwong622
{quote} Nice quote. It's gonna be pain in the ass if we just jump into this hot water without a clear signal.
Oh trust me, my ass already has some 3rd degree burns.. lol
  • #21,371
  • Jan 14, 2015 8:49am Jan 14, 2015 8:49am
XAGUSD already @ 17 level.

I won't be shorting XAU in 2015:

ETFs to go,
GLDX for me.

cheers.
  • #21,372
  • Jan 14, 2015 8:52am Jan 14, 2015 8:52am
Volume shows very bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.H1.png Size: 21 KB
  • #21,373
  • Jan 14, 2015 8:53am Jan 14, 2015 8:53am
Quoting ckwong622
Volume shows very bearish. {image}
Extremely, not to mention daily bearish volume from previous levels that are under here.... we are due for a big drop sooner or later. Volume doesn't lie, especially when it's in line with the trend.
  • #21,374
  • Jan 14, 2015 8:56am Jan 14, 2015 8:56am
Quoting Ck87
{quote} Extremely, not to mention daily bearish volume from previous levels that are under here.... we are due for a big drop sooner or later. Volume doesn't lie, especially when it's in line with the trend.
Failed to break previous and now a double top with strong bearish volume, it should drop anytime or sooner
  • #21,375
  • Jan 14, 2015 9:04am Jan 14, 2015 9:04am
Quoting ckwong622
{quote} Just gonna stay aside and wait first. Patience is the key to success in trading.
Patience is the key & right timing too..
Hello World!
  • #21,376
  • Jan 14, 2015 9:04am Jan 14, 2015 9:04am
Quoting Ck87
{quote} Yeah, thanks, you know me by now, way too aggressive and too much of a kamikaze over leverage guy. Would be quite wealthy if that were not the case. Keep up the good work m8, gl.
My best wishes are with you..
Hello World!
  • #21,377
  • Jan 14, 2015 9:05am Jan 14, 2015 9:05am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Ok guys, so we are almost there - strong bearish signals and 1245 maintained as a top for now. I am slowly slowly reclining my chair as said earlier.

Not to mention, this won't just be a fall - but a big fall, we might see some new lows or as we could say lower lows for the year 2015 and could amend even the last year's lows.

Let's see, I would always hold to my views for long rather than hopping for just daily trades from one view to another, that gives confusion and eventually loss of money.

Cheers,
KAH
  • #21,378
  • Jan 14, 2015 9:18am Jan 14, 2015 9:18am
Quoting Kah
Ok guys, so we are almost there - strong bearish signals and 1245 maintained as a top for now. I am slowly slowly reclining my chair as said earlier. Not to mention, this won't just be a fall - but a big fall, we might see some new lows or as we could say lower lows for the year 2015 and could amend even the last year's lows. Let's see, I would always hold to my views for long rather than hopping for just daily trades from one view to another, that gives confusion and eventually loss of money. Cheers, KAH


very true and fully agreed
  • #21,379
  • Jan 14, 2015 9:24am Jan 14, 2015 9:24am
Quoting berda
{quote} Hi All, IMO bull will take over again, I raised my TP to 1254.49.. But It's only me, everything is possible.. Hope it'll work.. Green pips to all.. amen.. {image}
Hi all, I'm still holding my long at 1233.24, target is still 1254.49. Has someone here already short yet?Green pips to all. Amen
  • #21,380
  • Jan 14, 2015 9:28am Jan 14, 2015 9:28am
Quoting Waitnsee
i ask because im holding some uncomfortable shorts
I don`t know if that means something, but there is some kind of bullish divergence at monthly chart.

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