Only Gold! | Page 1096 | 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!

  • #21,901
  • Jan 25, 2015 8:56pm Jan 25, 2015 8:56pm
Quoting ClockTrader
{quote} @1295 Contract expiry is around the corner.. I strongly think we got a nice fall coming our way.. BUT, after a peakout today.. i.e. once most sellers have been cleared & people are hard bent to believe that PA is super bullish.. For today.. support @ ~1280.. spikes in South still possible.. if it falls.. it should bounce IMO.. Awaiting a peakout in the US session.. US traffic/liquid needs to be driven North so price can fall comfortably....
You said you don't really do price levels, so you strictly look at volume and how price is acting/personality, and that's it pretty much?
  • #21,902
  • Jan 25, 2015 9:29pm Jan 25, 2015 9:29pm
Quoting ClockTrader
{quote} @1295 Contract expiry is around the corner.. I strongly think we got a nice fall coming our way.. BUT, after a peakout today.. i.e. once most sellers have been cleared & people are hard bent to believe that PA is super bullish.. For today.. support @ ~1280.. spikes in South still possible.. if it falls.. it should bounce IMO.. Awaiting a peakout in the US session.. US traffic/liquid needs to be driven North so price can fall comfortably....
Yeah, maybe a drop down to 1285 now then bounce back....... I'm super biased to the downside now, I have sell limit orders at 1320 and 1344 just in case. Would love to see those get filled.
  • #21,903
  • Jan 25, 2015 10:08pm Jan 25, 2015 10:08pm
Quoting ClockTrader
{quote} First off, what makes you think it'll peak out @ 1345? and not @ 1325 or 1375?
really i was thinking about 1340/1350 because of daily and weekly top, and if you have look at the past time there has been a good support around that level
  • #21,904
  • Jan 25, 2015 10:23pm Jan 25, 2015 10:23pm
Quoting Ck87
{quote} Yeah, maybe a drop down to 1285 now then bounce back....... I'm super biased to the downside now, I have sell limit orders at 1320 and 1344 just in case. Would love to see those get filled.
Quoting Ck87
{quote} You said you don't really do price levels, so you strictly look at volume and how price is acting/personality, and that's it pretty much?
Thanks for the reminder.. I should be looking at time levels instead of price-levels :-)

On that note.. I expect the current price decline to find a support around London morning & final bottom-out by NY morning.. I expect NY session to be bullish..

PS: I would like to locate a peak during NY session if I can.. & short from there... until then.. I would like to scalp here & there..
Hello World!
  • #21,905
  • Jan 25, 2015 10:28pm Jan 25, 2015 10:28pm
Quoting danndc
{quote} really i was thinking about 1340/1350 because of daily and weekly top, and if you have look at the past time there has been a good support around that level
Given the recent PA.. I do expect price to peak out somewhere around/above 1325-50.. for the entire Summer season ahead.. but right now.. I would like to focus on swing trades.. days trades can be tough but some entries can be rewarding & moreover lots of learning there..
Hello World!
  • #21,906
  • Jan 25, 2015 10:29pm Jan 25, 2015 10:29pm
Quoting ClockTrader
{quote} {quote} Thanks for the reminder.. I should be looking at time levels instead of price-levels :-) On that note.. I expect the current price decline to find a support around London morning & final bottom-out by NY morning.. I expect NY session to be bullish.. PS: I would like to locate a peak during NY session if I can.. & short from there... until then.. I would like to scalp here & there..
Thinking to make a very small short targeting 1285... undecided .
  • #21,907
  • Jan 25, 2015 10:34pm Jan 25, 2015 10:34pm
Quoting ClockTrader
{quote} Given the recent PA.. I do expect price to peak out somewhere around/above 1325-50.. for the entire Summer season ahead.. but right now.. I would like to focus on swing trades.. days trades can be tough but some entries can be rewarding & moreover lots of learning there..
The huge decline might wait for Fed to announce rate hike mid year... Might be sideways until then and hold above 1180 pivotal point. That will probably be when the big decline happens though, if it didn't already. I'm short targeting 1285 range.
  • #21,908
  • Jan 25, 2015 11:10pm Jan 25, 2015 11:10pm
Quoting Ck87
{quote} The huge decline might wait for Fed to announce rate hike mid year... Might be sideways until then and hold above 1180 pivotal point. That will probably be when the big decline happens though, if it didn't already. I'm short targeting 1285 range.
Hi mate..,
Do you use SL on your short? If so, can share.. ? And what is your target timeframe?
  • #21,909
  • Jan 25, 2015 11:11pm Jan 25, 2015 11:11pm
Quoting andySu
{quote} Hi mate.., Do you use SL on your short? If so, can share.. ? And what is your target timeframe?
Took a tiny loss, not confident enough. Will wait for higher prices and a better set up. I was looking at H1 charts and thinking it would go down to 1285 in next 12 hours... still very likely IMO. But I won't care. We should get better opportunities.
  • #21,910
  • Jan 25, 2015 11:17pm Jan 25, 2015 11:17pm
Quoting Ck87
{quote} Took a tiny loss, not confident enough. Will wait for higher prices and a better set up. I was looking at H1 charts and thinking it would go down to 1285 in next 12 hours... still very likely IMO. But I won't care. We should get better opportunities.
Me on the other hand long from 1294.85, manual SL and manual TP. Reason was there was some support on M15 and H1. Was thinking Asian session will be undecided and will just go range bound. Will see....
  • #21,911
  • Edited 11:33pm Jan 25, 2015 11:22pm | Edited 11:33pm
@1294-95

Nice session level resistance @ 1299-1300

I don't think PA will break it decisively*(edit) before NY session.. Fingers crossed..
Hello World!
  • #21,912
  • Jan 25, 2015 11:37pm Jan 25, 2015 11:37pm
looks like it wants to go down. im placing a sell stop order below consolidation area

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 19 KB
Reaction is better than Prediction
  • #21,913
  • Jan 25, 2015 11:41pm Jan 25, 2015 11:41pm
Quoting mikajap
looks like it wants to go down. im placing a sell stop order below consolidation area {image}
Agree H1 looks really bearish. Would definitely not want to be long.
  • #21,914
  • Jan 25, 2015 11:55pm Jan 25, 2015 11:55pm
Quoting andySu
{quote} Me on the other hand long from 1294.85, manual SL and manual TP. Reason was there was some support on M15 and H1. Was thinking Asian session will be undecided and will just go range bound. Will see....
@1292

This looks jittery bearish to me.. small fall.. then up/down.. small spikes.. zigzag..

NY morning gonna be koool.. waiting for it...
Hello World!
  • #21,915
  • Jan 26, 2015 12:03am Jan 26, 2015 12:03am
Quoting ClockTrader
{quote} @1292 This looks jittery bearish to me.. small fall.. then up/down.. small spikes.. zigzag.. NY morning gonna be koool.. waiting for it...
Cut loss.... making entry mistake, must be due to too eager to trade syndrome..
  • #21,916
  • Jan 26, 2015 12:06am Jan 26, 2015 12:06am
Quoting andySu
{quote} Cut loss.... making entry mistake, must be due to too eager to trade syndrome..
@1290

We all suffer from this syndrome.. trade & test our skills.. Of course its not easy.. But.. all gonna be good if you respect MM..

It still looks jittery bearish.. & it continues.. Europeans are waking up.. small volatility on m5-m15 will look good over the next 2 hrs..
Hello World!
  • #21,917
  • Jan 26, 2015 12:18am Jan 26, 2015 12:18am
Quoting ClockTrader
{quote} This is not supposed to fall freely & suddenly out of the air.. looks bearish though.. but not like a $100 fall.. ahead.. After the hot data ahead.. it may fall further BUT, I do expect a huge bounce.. maybe tomorrow.. IF that occurs, I would happy to test shorts from a peak-out.. Badly seek a peakout on H1-H4..
yeah , just a correction to try further up & if failure to do so , at some top again too .
Anyway , nothing special , old doing & waiting finish for next new \carry out what trying to do.that are 1281,75,56, 38 play remain intact> even down 1218!
http://www.forexfactory.com/showthre...43#post8009143

http://www.forexfactory.com/showthre...23#post8014023
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #21,918
  • Jan 26, 2015 12:27am Jan 26, 2015 12:27am
Quoting fontu
{quote} yeah , just a correction to try further up & if failure to do so , at some top again too . Anyway , nothing special , old doing & waiting finish for next new \carry out what trying to do.that are 1281,75,56, 38 play remain intact. http://www.forexfactory.com/showthre...43#post8009143 http://www.forexfactory.com/showthre...23#post8014023 fontu
I badly seek a long entry around NY morning.. thereafter.. badly want the price to peak-out during NY session ahead.. NY 12pm & evening..

We got expiry coming.. Bears should be hungry by now..

After the expiry.. I don't mind if it flies above 1305-10 area..

But, before expiry.. I would like to see levels below 1270..
Hello World!
  • #21,919
  • Jan 26, 2015 12:35am Jan 26, 2015 12:35am
Quoting ClockTrader
{quote} I badly seek a long entry around NY morning.. thereafter.. badly want the price to peak-out during NY session ahead.. NY 12pm & evening.. We got expiry coming.. Bears should be hungry by now.. After the expiry.. I don't mind if it flies above 1305-10 area.. But, before expiry.. I would like to see levels below 1270..
Today Monday & hence very likely ranging day like almost every monday , ranges 1307 + to 1279, decision in a few days if continue up with less probability \ strong bounce also ok some in lower tf, so long may be favoured for scalping still if trade starts at this level . signal down should be breaks down level 1284 & 79 now for next support down , otherwise 1307 + any towatrds 1346. lets see , take care .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #21,920
  • Jan 26, 2015 12:48am Jan 26, 2015 12:48am
Quoting fontu
{quote} Today Monday & hence very likely ranging day like almost every monday , ranges 1307 + to 1279, decision in a few days if continue up with less probability \ strong bounce also ok some in lower tf, so long may be favoured for scalping still if trade starts at this level . signal down should be breaks down level 1284 & 79 now for next support down , otherwise 1307 + any towatrds 1346. lets see , take care . fontu
gold is cooking .lets see whats happened . looks for a retracement which is due ,plus monthly closing in 4 days so profit taking could be took place ,closing above 1313 would triggered the metal towards 1345 .
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-w1-pepperstone-financial-pty.png Size: 35 KB
9 traders viewing now