Only Gold! | Page 1125 | 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!

  • #22,481
  • Feb 8, 2015 9:51pm Feb 8, 2015 9:51pm
Quoting hamidshah.pk
{quote} V good job mate, wishing you success for your new project Arckimedes. More then 10% return in almost 1 month is good.
These 10% returns are from about 2 weeks, but, not perfectly smooth.

Secondly, this is in testing phase. While all clues show greenery ahead, but, I would remain paranoid until few more weeks.
Hello World!
  • #22,482
  • Feb 8, 2015 9:54pm Feb 8, 2015 9:54pm
No signal to show the down trend will be end, I don't think is time to long for medium-term or longer-term, only retrace is possible.
Holding short position
Trust yourself maybe will be wrong,doubt yourself absolutely will be wrong
  • #22,483
  • Feb 9, 2015 12:09am Feb 9, 2015 12:09am
Quoting hyt-tony
No signal to show the down trend will be end, I don't think is time to long for medium-term or longer-term, only retrace is possible. Holding short position
ok so far doing all correction down & strong also .last time broken smallest last leg down at 1256 giving smaller bull\ correction signal to top to break 1307 but at channel top failed also & confirmed breaking down 1238 & so bottom play before next play\try up try again for the lowest target to initial good signal at start 1307\1346 & up if done .as per another medium last leg down from 1392 to 1131 as apparently a 5th leg down also should signal up try intact even go again bottom or new bottom . lets see .Take care
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDWeekly.png Size: 39 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #22,484
  • Feb 9, 2015 2:28am Feb 9, 2015 2:28am
my bias now is long. PA want to break this range.

if successful, we can test the 1250 zone
Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 17 KB
Reaction is better than Prediction
  • #22,485
  • Feb 9, 2015 4:07am Feb 9, 2015 4:07am
Quoting mikajap
my bias now is long. PA want to break this range. if successful, we can test the 1250 zone {image}
Still Bullish?

I am long now...
  • #22,486
  • Feb 9, 2015 6:18am Feb 9, 2015 6:18am
Just guess

Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 98 KB
Trust yourself maybe will be wrong,doubt yourself absolutely will be wrong
  • #22,487
  • Feb 9, 2015 7:16am Feb 9, 2015 7:16am
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 79 KB
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_6.png Size: 27 KB
Click to Enlarge Name: Screenshot_7.png Size: 33 KB
Click to Enlarge Name: Screenshot_8.png Size: 45 KB
Click to Enlarge Name: Screenshot_9.png Size: 32 KB
Ro IMRAN Ro
  • #22,488
  • Feb 9, 2015 7:34am Feb 9, 2015 7:34am
i long

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 66 KB
  • #22,489
  • Feb 9, 2015 8:28am Feb 9, 2015 8:28am
Save yourselves alot of headaches this week and look only for the upcomming tense events.
Ukraine, Euro (grece) situation outcomes most likely will be predetermined this week. Therefore this can go either way.
At the moment we'r looking out for more stability giving eur short term gain to maybe around 1.2 and gold sticking in bearish scenario.
If ukraine doesnt ease and grece goes kaboom or either one of thse happens, we could be watching euro hit parity the next 2 weeks and gold/silver starting to build.
I'f this 2nd scenario happens i'm sorry for the people who get caught in the war and stuff, but it's one of the best oportunities of the year to go long on silver. with 12 months target up to 30-40 dollars.

As an advise, i'd stay out of any daytrades or short term squeezes these next 2 weeks and i'd prepare for a medium-long term action on gold/silver
  • #22,490
  • Feb 9, 2015 9:50am Feb 9, 2015 9:50am
Support @ ~1230 range is vital.. if that can sustain, price can soar higher..
Hello World!
  • #22,491
  • Feb 9, 2015 12:09pm Feb 9, 2015 12:09pm
Sorry to intrude but at what spread on average are you guys trading Gold? i got a really suspicious (because it seems to low to me from admiral markets) offer to trade it at 20 pips.

I searched in myfxbook and they dont really have such a low spread, what is the market spread in gold normally? is it so liquid that they can profit with just 20 pips?
  • #22,492
  • Feb 9, 2015 1:41pm Feb 9, 2015 1:41pm
Quoting MetroFX
Sorry to intrude but at what spread on average are you guys trading Gold? i got a really suspicious (because it seems to low to me from admiral markets) offer to trade it at 20 pips. I searched in myfxbook and they dont really have such a low spread, what is the market spread in gold normally? is it so liquid that they can profit with just 20 pips?
mine is 3.4 atm
  • #22,493
  • Feb 9, 2015 1:45pm Feb 9, 2015 1:45pm
Quoting MetroFX
Sorry to intrude but at what spread on average are you guys trading Gold? i got a really suspicious (because it seems to low to me from admiral markets) offer to trade it at 20 pips. I searched in myfxbook and they dont really have such a low spread, what is the market spread in gold normally? is it so liquid that they can profit with just 20 pips?
50 average pips on my account, but those who are profiting from 20 pips they are also losing a lot on 20 pips, you can earn a lot on 20 pips if you are investing a lot.

Micro account (e.g.) you buy one, on every pip you earn 1 cent, so 100 pips 1$, if you buy 100 then every pip is 1$, so 20 pips is 20$, and this is easy way to calculate, for standard accounts it's different, they are buying from 0.01 to 2, and those with the big account can even afford more.

If you want to know exact difference between account types search on your provider page and you will find explanation.
Mining gold
  • #22,494
  • Feb 9, 2015 4:01pm Feb 9, 2015 4:01pm
Conditions are in place for a massive sell off on gold. The COT report shows how bearish commercials are and were at 1300 levels. Small specs are buying it up. Retails are 79% long on IG now. Could get ugly soon. From a technical point of view, weekly momentum is due to come down hard. Look out. I will only be looking to sell gold from here, although a nice size rally is certainly possible.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-02-09 at 2.58.36 PM.png Size: 99 KB
  • #22,495
  • Feb 9, 2015 7:48pm Feb 9, 2015 7:48pm
Quoting Ck87
Conditions are in place for a massive sell off on gold. The COT report shows how bearish commercials are and were at 1300 levels. Small specs are buying it up. Retails are 79% long on IG now. Could get ugly soon. From a technical point of view, weekly momentum is due to come down hard. Look out. I will only be looking to sell gold from here, although a nice size rally is certainly possible. {image}
yup... i am looking for any test of resistance.. If we can find such test possibly today and tomorrow, then thursday or friday may be ideal for short..
  • #22,496
  • Feb 9, 2015 7:53pm Feb 9, 2015 7:53pm
Quoting andySu
{quote} yup... i am looking for any test of resistance.. If we can find such test possibly today and tomorrow, then thursday or friday may be ideal for short..
I see huge resistance developing in the 1240-45 area, more transparency by London/NY morning..

Additionally, I see happening PA today.. during London & NY sessions.
Hello World!
  • #22,497
  • Feb 9, 2015 8:38pm Feb 9, 2015 8:38pm
Quoting ClockTrader
{quote} I see huge resistance developing in the 1240-45 area, more transparency by London/NY morning.. Additionally, I see happening PA today.. during London & NY sessions.
If we can get a doji with long leg in the upside (which means a lot of SLs have been triggered) it will be minimal risk entry for short
  • #22,498
  • Feb 9, 2015 9:54pm Feb 9, 2015 9:54pm
Quoting andySu
{quote} If we can get a doji with long leg in the upside (which means a lot of SLs have been triggered) it will be minimal risk entry for short
After that huge fall on Fri.. price going sideways comes pretty natural.. & sideways is one of the most intriguing areas.. & can be misleading..

IF I were to look for an opportunity.. a nice one.. a bottom-out or peak-out around 12pm NY would be best.. Bottom at Fri-NY-12pm was rewarding..

So, in order to make a decisive call & take a position which leads me somewhere.. I would like to have patience...

small session/day trades can keep me busy until then..
Hello World!
  • #22,499
  • Feb 9, 2015 10:33pm Feb 9, 2015 10:33pm
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 105 KB


look if can get a opportunity to short today
Trust yourself maybe will be wrong,doubt yourself absolutely will be wrong
  • #22,500
  • Feb 9, 2015 11:43pm Feb 9, 2015 11:43pm
Quoting ClockTrader
{quote} After that huge fall on Fri.. price going sideways comes pretty natural.. & sideways is one of the most intriguing areas.. & can be misleading.. IF I were to look for an opportunity.. a nice one.. a bottom-out or peak-out around 12pm NY would be best.. Bottom at Fri-NY-12pm was rewarding.. So, in order to make a decisive call & take a position which leads me somewhere.. I would like to have patience... small session/day trades can keep me busy until then..
Agree... Patience is the key.... For me best time to place position is starting from London morning and am looking to get out in NY morning. NY 12p.m is not great for me as I will have been tired by then, and trading is best done in vigorous mind. And I am looking to day trade only and not placing trade overnight as it will require higher skills and longer trading experience, which can be accumulated while day trading..

Agree also that sideways is very intriguing and can be misleading, Hence I am still researching it. Just that I find that doji with long leg in opposite direction, especially if it happens after any consolidation zone, often gives signal of impending move in the direction opposite to the leg.
98 traders viewing now