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Only Gold!

  • #22,901
  • Feb 17, 2015 5:36am Feb 17, 2015 5:36am
Quoting andySu
{quote} If... And If... there is a retracement to 1225 or around there and there is peak out, it will be perfect to short... Otherwise will just wait... Has been a while since Gold managed to go one way from Asia opens till NY opens..... A sign that last friday those buyer may be just short sellers taking profit.. So since more sellers.... This week we may break 1217 and a test of 1200 is extremely possible...
Waiting for short sellers to take profits.... so that I can open short also....
  • #22,902
  • Feb 17, 2015 6:21am Feb 17, 2015 6:21am
http://i1116.photobucket.com/albums/...psc96a015c.jpg

http://i1116.photobucket.com/albums/...ps0107c6c0.jpg

Weekly chart shows price resisted by a channel.
Day chart shows horizontal line of many resistance.
Price might be bearish till finding support at 1183.
Moving averages supported the view.
Therefore, I am of the bearish view. Just my opinion.
The true fact is market doesn't care, risk mgt is important.
  • #22,903
  • Feb 17, 2015 6:51am Feb 17, 2015 6:51am
Sell @1219.98
tp 1216.20
sl 1223.95
  • #22,904
  • Feb 17, 2015 7:07am Feb 17, 2015 7:07am
price in support zone 1220 to 1214 break below call for 1205..1183 othr scenario back to 1238
  • #22,905
  • Feb 17, 2015 7:13am Feb 17, 2015 7:13am
Still looking for a long, maybe at new lows. Or waiting for NY to show us the way

EDIT : looks like i missed it !
COT: The precious data ignored
  • #22,906
  • Feb 17, 2015 7:22am Feb 17, 2015 7:22am
Seems like every night it's been going up to be smacked down in NY open, now it's down overnight, I'm guess opposite will be true, will be brought back up on NY open...

Empire numbers coming out...will be a disaster for the USA, Q1 will be brutal too, watch for gold to hit 1400 in Q2 this year
  • #22,907
  • Feb 17, 2015 7:40am Feb 17, 2015 7:40am
Testing SMA(555) on H4

Not gung-ho about longs.. but.. I thought I should do something.. Apparently a risky trade..
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 19 KB
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  • #22,908
  • Feb 17, 2015 7:42am Feb 17, 2015 7:42am
Quoting ClockTrader
Testing SMA(555) on H4 Not gung-ho about longs.. but.. I thought I should do something.. Apparently a risky trade.. {image}
I'd wait for a better bottom instead of a shoot up from the lows.

But if you are in, good luck mate
COT: The precious data ignored
  • #22,909
  • Feb 17, 2015 7:42am Feb 17, 2015 7:42am
Quoting Stockman
Seems like every night it's been going up to be smacked down in NY open, now it's down overnight, I'm guess opposite will be true, will be brought back up on NY open... Empire numbers coming out...will be a disaster for the USA, Q1 will be brutal too, watch for gold to hit 1400 in Q2 this year
IMO, we should have a bottom soon.. seek one rally before expiry..

Once we are into expiry week.. Bear hammer can send the price down.. I won't mind..
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  • #22,910
  • Feb 17, 2015 7:44am Feb 17, 2015 7:44am
Quoting kuroro001
{quote} I'd wait for a better bottom instead of a shoot up from the lows. But if you are in, good luck mate
Just a small long test fire.. fingers crossed.. like I said.. I'm not feeling gung-ho yet..
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  • #22,911
  • Feb 17, 2015 7:48am Feb 17, 2015 7:48am
Most possibly oscillate here for few days， need special event to drive it to break out
Trust yourself maybe will be wrong,doubt yourself absolutely will be wrong
  • #22,912
  • Feb 17, 2015 7:54am Feb 17, 2015 7:54am
Quoting ClockTrader
Testing SMA(555) on H4 Not gung-ho about longs.. but.. I thought I should do something.. Apparently a risky trade.. {image}
Just did clock-algo-storming.. we should hopefully have a clear idea where this is going within 60 min.
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  • #22,913
  • Feb 17, 2015 7:54am Feb 17, 2015 7:54am
Good luck with your longs.. I was long then got out for a scratch because the action is very boring so its hard to make out which way this is going to go.. I am short some oil now.. let us see
Quoting ClockTrader
{quote} Just a small long test fire.. fingers crossed.. like I said.. I'm not feeling gung-ho yet..
  • #22,914
  • Feb 17, 2015 7:55am Feb 17, 2015 7:55am
Quoting ClockTrader
{quote} Just did clock-algo-storming.. we should hopefully have a clear idea where this is going within 60 min.
PA should exhibit where this is going.. i.e. its direction until ~12pm NY
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  • #22,915
  • Feb 17, 2015 7:56am Feb 17, 2015 7:56am
guess:
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 100 KB
Trust yourself maybe will be wrong,doubt yourself absolutely will be wrong
  • #22,916
  • Feb 17, 2015 7:58am Feb 17, 2015 7:58am
Quoting Xxavier
Good luck with your longs.. I was long then got out for a scratch because the action is very boring so its hard to make out which way this is going to go.. I am short some oil now.. let us see {quote}
I tested a long for a reason.. I was feeling good.. I love when PA is relaxed & stable. Then it got a little volatile on M5.. then I thought I should be conservative in this scenario..

PA is the last thing any of us should trust blindly.. Take a position & cross your fingers.. better go away from the system.

Trade light & safe!
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  • #22,917
  • Feb 17, 2015 7:59am Feb 17, 2015 7:59am
Wow it doesn't take much to get some excited here. Just say how "easy" it is to trade gold - by a microlot trader no less.
  • #22,918
  • Feb 17, 2015 8:00am Feb 17, 2015 8:00am
Quoting hyt-tony
guess: {image}
Trades & opinions should be based in Pure Science & Maths.. Making a wild guess is a bad idea like tossing a coin..
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  • #22,919
  • Feb 17, 2015 8:00am Feb 17, 2015 8:00am
Quoting SunTrader
Wow it doesn't take much to get some excited here. Just say how "easy" it is to trade gold.
Prove it!
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  • #22,920
  • Feb 17, 2015 8:07am Feb 17, 2015 8:07am
Anybody participated in these contests & did great?

The best I could do would be like 50% in a month.. hoping all goes well..

But, these guys are like Gods!

Any comments?
Attached Image (click to enlarge)
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