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  • #22,261
  • Feb 2, 2015 2:35am Feb 2, 2015 2:35am
open long with very tight sl
  • #22,262
  • Feb 2, 2015 2:37am Feb 2, 2015 2:37am
Quoting Rashidtrade
open long with very tight sl
Tight SL is a good idea, like 4-5 $s away..

Quoting ClockTrader
{quote} Even I plan to sell.. BUT, I would like to observe NY morning & noon & be sure.. I would rather like to test longs right now..
Keenly awaiting NY morning & noon.. IF I can lay my hands on a peak occurring at 12 pm NY or even before that, I would love to give it a shot..
Hello World!
  • #22,263
  • Feb 2, 2015 2:38am Feb 2, 2015 2:38am
Looks like Europeans are dumping it with reasonably strong manufacturing data... Will be interesting once US opens and whether they still want to buy.
  • #22,264
  • Feb 2, 2015 2:41am Feb 2, 2015 2:41am
When price peaks out & falls like that.. it looks so easy to sell & make money.. sometimes it is.. BUT, most of the times not..
Hello World!
  • #22,265
  • Feb 2, 2015 2:50am Feb 2, 2015 2:50am
SMA(303) & 555 on M30

pretty tough to break..
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Hello World!
  • #22,266
  • Feb 2, 2015 2:56am Feb 2, 2015 2:56am
Quoting ClockTrader
When price peaks out & falls like that.. it looks so easy to sell & make money.. sometimes it is.. BUT, most of the times not..
It's never really easy.
  • #22,267
  • Feb 2, 2015 3:02am Feb 2, 2015 3:02am
Retesting back into last trading day's trend channel before US GDP released.
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  • #22,268
  • Feb 2, 2015 3:02am Feb 2, 2015 3:02am
Quoting ClockTrader
SMA(303) & 555 on M30 pretty tough to break.. {image}
Most important factor to me is commercials are more bearish than they were at 1340 before our last big drop, and small specs more bullish than they were at that top too.. Although nothing is guaranteed, that's pretty good insight as to where we go from here imo.
  • #22,269
  • Feb 2, 2015 3:28am Feb 2, 2015 3:28am
Quoting Ck87
{quote} Most important factor to me is commercials are more bearish than they were at 1340 before our last big drop, and small specs more bullish than they were at that top too.. Although nothing is guaranteed, that's pretty good insight as to where we go from here imo.
@ 1273

No surprise IF NY morning shows us price way below

Quoting ClockTrader
{quote} Tight SL is a good idea, like 4-5 $s away.. {quote} Keenly awaiting NY morning & noon.. IF I can lay my hands on a peak occurring at 12 pm NY or even before that, I would love to give it a shot..
Looks like I missed the train.. The way its falling, I don't think NY session will give me a peak to short from..
I got no choice but to watch the show & just make sure not to commit any errors at this point.. This could get dirty.. I'll wait..
Hello World!
  • #22,270
  • Feb 2, 2015 3:28am Feb 2, 2015 3:28am
Quoting mikajap
Gold inside consolidation area. My bias is still short for now since its still not able to break the resistance around 1287. To short, a clear signal and break below 1277 to enter. No signal yet A strong close above 1287, i will stay aside and wait for a buying opportunity. {image}
looks like its going down
Reaction is better than Prediction
  • #22,271
  • Feb 2, 2015 3:31am Feb 2, 2015 3:31am
Quoting mikajap
{quote} looks like its going down
whats your strategy now?
  • #22,272
  • Feb 2, 2015 3:32am Feb 2, 2015 3:32am
Could swing around in NY session if US Manufacturing and Prices data is below expectations... Prices data will be low due to Oil, Manufacturing may be below due to appreciating USD.
  • #22,273
  • Feb 2, 2015 3:35am Feb 2, 2015 3:35am
Quoting mikajap
{quote} looks like its going down
You were right.. once again!
Hello World!
  • #22,274
  • Feb 2, 2015 3:41am Feb 2, 2015 3:41am
look if silver can break down first.

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Trust yourself maybe will be wrong,doubt yourself absolutely will be wrong
  • #22,275
  • Feb 2, 2015 4:07am Feb 2, 2015 4:07am
Hello,

My two cents.. Commercial position are primarily hedging but if you look at non-commercials, long term, large traders (the green line and the whole histogram where green is long and red is short positions) are just at its high.. When gold fell to 1150 levels you can see the non-commercial long and short were equal but ever since the longs have taken controls.. So I am not predicting nay numbers here but looks in the long term it may go up.. Again my two cents and could be badly wrong. I have one long from 1160 levels and am planning to hold it.. lets see..

Regards
Shiva

Quoting fontu
{quote} May be the commercials !! but it will be huge job for them to control way off , need extreme shaking the market\ unrest to do so ( not know anything as such coming in world economy next wks fundamentally ), stop bull around this level , stop price breaks & held 1307 & next same for 1346 , another real bull signal for 1521 limit up for down. yes big crushing can be done breaking with those levels , just break & crush formula. both bull bear happy with .That is bull intact till not, top to break down!! anyway take care . fontu
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  • #22,276
  • Feb 2, 2015 4:18am Feb 2, 2015 4:18am
Quoting ClockTrader
{quote} After some consolidation in the 1275-85 range, this should further go up..
My SL are still at 1286 , right now all trades are in Green , almost risk free trades . 'll try to modify the SL, if it drops below 1264.

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  • #22,277
  • Feb 2, 2015 5:57am Feb 2, 2015 5:57am
Quoting salman14
{quote} My SL are still at 1286 , right now all trades are in Green , almost risk free trades . 'll try to modify the SL, if it drops below 1264. {image}
Your positions look good.. no doubt about that.. BUT after the impending fall.. which may occur after we see a possible peak in the NY session ahead.. I expect price price to shoot once again above 1300 levels.. In other words this week should end somewhere above 1300.

Right now shorts look good, no doubt about that.. even I seek a peak to short from..
Hello World!
  • #22,278
  • Feb 2, 2015 6:09am Feb 2, 2015 6:09am
Quoting berda
{quote} Hi All.. Now I'm trying to use H4 to entry. I'm long at 1282.26 targeting 1343.41 (Hopefully.... ) This is for my long term trade, maybe will need a month. For H1 entry I'm still waiting for a sign. Green pips to all. amen.. {image}
Hi All, I'm short on H1 at 1276.74 targeting 1268.67. Trying to get some pips from this correction.
Green pips to all.. amen..
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  • #22,279
  • Feb 2, 2015 6:41am Feb 2, 2015 6:41am
Quoting Ramii
{quote} whats your strategy now?
just looking consolidation zones. deciding the PA there.
Reaction is better than Prediction
  • #22,280
  • Feb 2, 2015 6:44am Feb 2, 2015 6:44am
Quoting ClockTrader
{quote} You were right.. once again!
hey, thanks

hope to make some pips, no signs of buying yet
Reaction is better than Prediction
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