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  • #21,841
  • Jan 22, 2015 11:52pm Jan 22, 2015 11:52pm
Quoting ClockTrader
{quote} IF there is a peak maturing at 12 pm NY & there after PA leaves a peak around NY evening, this would mean the entire liquid has been driven towards North.. In other words they enticed people (Americans in this case) to buy, buy & buy.. Now someone needs to hit their SLs, right? This is not always the case, but, this is one way how I analyze.. Sometimes this pattern can occur several times in a week/fortnight.. around the same levels..
Now this is a 2 edged sword in action.. Not only are they hitting the Buy Stops (that occurred @ 1300-1305) BUT also enticing people to sell, sell, sell & sell..

Either this should bottom out within an hr (i.e. by London morning) OR by NY morning IMO. Then in the US session, they will hit these sellers & amaze Americans.. see here we are @ 1300.. you wanna buy again?

I am not always right.. but this is how I think it works..

This biz is about hitting SLs, IMHO. IF you can buy/sell when SLs are hit in right way, you can become millionaire in no time..
Hello World!
  • #21,842
  • Jan 22, 2015 11:58pm Jan 22, 2015 11:58pm
Quoting ClockTrader
{quote} There are going to be ups n downs.. corrections, sideways etc.. on a broad level.. IMO, the Bull biz will continue for a while.. The contract expiry should bring nice correction. {image}
let see bro
Ro IMRAN Ro
  • #21,843
  • Jan 22, 2015 11:59pm Jan 22, 2015 11:59pm
Quoting ClockTrader
{quote} Now this is a 2 edged sword in action.. Not only are they hitting the Buy Stops (that occurred @ 1300-1305) BUT also enticing people to sell, sell, sell & sell.. Either this should bottom out within an hr (i.e. by London morning) OR by NY morning IMO. Then in the US session, they will hit these sellers & amaze Americans.. see here we are @ 1300.. you wanna buy again? I am not always right.. but this is how I think it works.. This biz is about hitting SLs, IMHO. IF you can buy/sell when SLs are hit in right way, you can become millionaire...
Hitting SL's and also sucking people into losing positions as well.... that's a key part too IMO.. I think this gold rally was perfect for that. It has gotten so many people excited about gold. SO many people thinking gold will go higher because of x and x. But meanwhile, Gold is really in a monthly downtrend and has a loooooong way to go lower. But it just made believers out of people who were staying away from it before... And it got all those who were longing gold and miserably watching it fall all excited now to see a renewed bull trend... well I got news for all of those people.... more pain is coming. I know I will be buying gold below 1k in coming years. But we shall see if that is really a KNOW and not just a think When/if it comes back to 1300 tonight, I'm selling more.
  • #21,844
  • Jan 23, 2015 12:11am Jan 23, 2015 12:11am
Well, this is how it is.. this is how it works.. Its about SLs..
As far as news is concerned.. they just use it the way they want to..

As for the weekly/monthly peak-out, I'm hopeful we'll have a clear peak latest by mid of Feb.. maybe before that..


Quoting Ck87
{quote} Hitting SL's and also sucking people into losing positions as well.... that's a key part too IMO.. I think this gold rally was perfect for that. It has gotten so many people excited about gold. SO many people thinking gold will go higher because of x and x. But meanwhile, Gold is really in a monthly downtrend and has a loooooong way to go lower. But it just made believers out of people who were staying away from it before... And it got all those who were longing gold and miserably watching it fall all excited now to see a renewed bull trend......
Hello World!
  • #21,845
  • Jan 23, 2015 12:12am Jan 23, 2015 12:12am
Quoting ClockTrader
{quote} Now this is a 2 edged sword in action.. Not only are they hitting the Buy Stops (that occurred @ 1300-1305) BUT also enticing people to sell, sell, sell & sell.. Either this should bottom out within an hr (i.e. by London morning) OR by NY morning IMO. Then in the US session, they will hit these sellers & amaze Americans.. see here we are @ 1300.. you wanna buy again? I am not always right.. but this is how I think it works.. This biz is about hitting SLs, IMHO. IF you can buy/sell when SLs are hit in right way, you can become millionaire...
Great analysis mate....
  • #21,846
  • Jan 23, 2015 12:41am Jan 23, 2015 12:41am
Quoting andySu
{quote} Great analysis mate....
You are welcome mate!

Keenly awaiting NY morning..
Hello World!
  • #21,847
  • Jan 23, 2015 1:06am Jan 23, 2015 1:06am
Three Little Indians

http://options-stock-trading.com/thr...tern-strategy/


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  • #21,848
  • Jan 23, 2015 1:25am Jan 23, 2015 1:25am
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  • #21,849
  • Jan 23, 2015 1:32am Jan 23, 2015 1:32am
If this signal will be right?

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Trust yourself maybe will be wrong,doubt yourself absolutely will be wrong
  • #21,850
  • Jan 23, 2015 2:06am Jan 23, 2015 2:06am
@ 1293

Within a few hrs we should have a clear clue where this could be going..
Hello World!
  • #21,851
  • Jan 23, 2015 2:20am Jan 23, 2015 2:20am
Quoting ClockTrader
@ 1293 Within a few hrs we should have a clear clue where this could be going..
Main activity seems to happen when Europe and NY Open? Is that right?
  • #21,852
  • Jan 23, 2015 2:45am Jan 23, 2015 2:45am
Quoting PariCovek
Going to start taking short positions on gold as early as mid next week. I think I may be able scalp USD20/oz on a decline. Its starting to get some sharp drops and volatility intraday "Uncertainty" is the main driver for the gold price rise. Most of the main uncertainties will be known with more clarity and as I like to say "part of the furniture": China GDP - slowing growth but still chugging along, no hard landing. Oil price - stabilised Greek Elections & Greek Exit/Default - none event ECB QE - known Base metals - stabilised US reporting season...
I've been reading your posts this morning. Excellent, exhaustive inter market fundamental analysis so thanks.

XAU/USD is trading at/just above key monthly resistance 1287.10 so not not yet playable intraday for my taste. I'll wait for a few more weekly closes to resolve the level and look for shorts on the retrace on the way down- we'll see. It's in an uptrend on all charts except the monthly (downtrend still) but a long term rejection of such a key level is a great R/R play.
  • #21,853
  • Jan 23, 2015 2:51am Jan 23, 2015 2:51am
Quoting PariCovek
{quote} Main activity seems to happen when Europe and NY Open? Is that right?
Primarily NY.. Euro overlaps NY so I focus more on NY..

PA in Asian session matters only 20% of the times.. most of it is misleading..
Hello World!
  • #21,854
  • Jan 23, 2015 2:55am Jan 23, 2015 2:55am
if the up trend continue, tp 1 will be 1306 and tp 2 will be 1331
  • #21,855
  • Edited 3:35am Jan 23, 2015 3:23am | Edited 3:35am
GOLD 2H Chart:
$1322-23 looks like the high?
Cheers, U2

Edit: Chart Text: $1322-23
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Click to Enlarge Name: 150123 2H[2] Spot Gold.png Size: 54 KB
Wait, or you will be slaughtered!
  • #21,856
  • Jan 23, 2015 3:53am Jan 23, 2015 3:53am


Hi friends, I have a question for you:
Gold is the data I wanted to start the year 1970 almost all the Czech mt4 brokers but I did not succeed in this data I receive the data from most brokers to year1992 help

  • #21,857
  • Jan 23, 2015 4:18am Jan 23, 2015 4:18am
Was stopped out of my long during the night, SL was a bit too tight but it was OK as it was my RR.

Nice price levels this morning therefore have starting reloading on the longs.

1277 is still my key number before I will consider any short set ups. At the moment I am just buying on any decent pull backs.

1312-1321 looking for todays peak in the north. Below 1284 I will not trade until PA has brought back into the 1290s.
To live a successful life, we must lose our fear of being wrong
  • #21,858
  • Jan 23, 2015 4:28am Jan 23, 2015 4:28am
Im out from both gold and silver. Waiting for a retrace now. If today is red it might be more red early next week.
  • #21,859
  • Jan 23, 2015 4:33am Jan 23, 2015 4:33am
Quoting KarlHakan
Im out from both gold and silver. Waiting for a retrace now. If today is red it might be more red early next week.
I agree. Today could be the game changer with Gold.
  • #21,860
  • Jan 23, 2015 4:50am Jan 23, 2015 4:50am
If break previous low(1280) this pass(today or next Monday), the trend maybe changed, otherwise, will take a opportunity to long continually.
Aware of the Greek election this weekend
Trust yourself maybe will be wrong,doubt yourself absolutely will be wrong
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