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  • #23,061
  • Feb 18, 2015 3:36pm Feb 18, 2015 3:36pm
Price is getting tired so closing half and keeping the remaining....

Quoting Xxavier
Trying small long here on this fed news.. Entry at 1208.70.. Could not post here immediately after i enter Keeping a tight stop at 1206...TP is open for now...
  • #23,062
  • Feb 18, 2015 4:51pm Feb 18, 2015 4:51pm
Keep it simple Peoples . a chart I sent to someone early on suggesting 61.8 could be bounce line , here we have a posssible excellent pin bar . WHO KNOWS ...
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Whats That? you're trading What?
  • #23,063
  • Edited 5:49pm Feb 18, 2015 5:39pm | Edited 5:49pm
Price & open interest declining with volume below average, as it has been doing recently, most of the time means ... more declines in price to come.
  • #23,064
  • Feb 18, 2015 7:40pm Feb 18, 2015 7:40pm
Next week maybe will be a key to determine that gold will hugely fall to 1131 or reversal
Trust yourself maybe will be wrong,doubt yourself absolutely will be wrong
  • #23,065
  • Feb 18, 2015 8:03pm Feb 18, 2015 8:03pm
Bottom appears to be falling in place.. The best I expect is a small rally from 118x-1210 towards North around 1250-60 & that's all IMO..

I shall wait for London morning to see if I can catch a day trade ..
Hello World!
  • #23,066
  • Feb 18, 2015 8:04pm Feb 18, 2015 8:04pm
Quoting hyt-tony
Next week maybe will be a key to determine that gold will hugely fall to 1131 or reversal
I don't think we are going that down next week.. (eventually, we will though) There was another fella who thought price would go to 1300 this week.. we'll see.
Hello World!
  • #23,067
  • Feb 18, 2015 8:05pm Feb 18, 2015 8:05pm
Still keeping this half long.. Now moving the stops back to the entry...Will let this run for a while

Quoting Xxavier
Price is getting tired so closing half and keeping the remaining.... {quote}
  • #23,068
  • Feb 18, 2015 8:57pm Feb 18, 2015 8:57pm
Quoting ClockTrader
{quote} I don't think we are going that down next week.. (eventually, we will though) There was another fella who thought price would go to 1300 this week.. we'll see.
So far gold still is down trend, for trading, I still only wait opportunity to short now; but there was some danger signal for short, so if next pass fall(tomorrow or next Monday or next Tuesday) can't make new low, I think I'll lock all short position even begin to long.
Trust yourself maybe will be wrong,doubt yourself absolutely will be wrong
  • #23,069
  • Feb 18, 2015 9:17pm Feb 18, 2015 9:17pm
The half longs below i opened at 1208.7 is in good profit. Now i added more to my longs here. The entry price for the addition to my existing long is 1216.65....Stops below 1210 for both positions...
Quoting Xxavier
Still keeping this half long.. Now moving the stops back to the entry...Will let this run for a while {quote}
  • #23,070
  • Feb 18, 2015 9:55pm Feb 18, 2015 9:55pm
Quoting rambo12
ok .....i am still holding long term shorts ..medium term target 1199-90 ...where i will go long for short term tgt 1260 ... then double short there for targets 1080-50 possible lower


Hello all ..target 1199 hit ,now i . bought at 1199 ..SL at cost ..looking for 1250 ..good luck to all .!!
  • #23,071
  • Feb 18, 2015 10:08pm Feb 18, 2015 10:08pm
Quoting rambo12
{quote} Hello all ..target 1199 hit ,now i . bought at 1199 ..SL at cost ..looking for 1250 ..good luck to all .!!
Not sure why are you talking about yesterday's PA as if 1199 just hit 5 min ago..

Any charts? or screenshots? of your positions? open & closed both..
Hello World!
  • #23,072
  • Feb 18, 2015 10:37pm Feb 18, 2015 10:37pm
Pending long order at 1207 sl 1195 tp 1243
  • #23,073
  • Feb 18, 2015 10:50pm Feb 18, 2015 10:50pm
Quoting Xxavier
The half longs below i opened at 1208.7 is in good profit. Now i added more to my longs here. The entry price for the addition to my existing long is 1216.65....Stops below 1210 for both positions... {quote}
1216.65 looks like a top to me.. I'll await London morning to be sure..
Hello World!
  • #23,074
  • Feb 18, 2015 10:53pm Feb 18, 2015 10:53pm
Looks like it... i am going to bed now so i reduced my size back again.. Will check the remaining open position when i wake up tomorrow.Good night
Quoting ClockTrader
{quote} 1216.65 looks like a top to me.. I'll await London morning to be sure..
  • #23,075
  • Feb 18, 2015 10:55pm Feb 18, 2015 10:55pm
i short , winning with this pair is very important to me

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  • #23,076
  • Feb 18, 2015 11:10pm Feb 18, 2015 11:10pm
Quoting Xxavier
Looks like it... i am going to bed now so i reduced my size back again.. Will check the remaining open position when i wake up tomorrow.Good night {quote}
Sleep tight mate!

Hello World!
  • #23,077
  • Feb 18, 2015 11:14pm Feb 18, 2015 11:14pm
it looks like u r right on to that top call, so far its respecting 1217-1220 area and as u said yesterday before fomc it may go south towards 118x area.

Right now for me
a.) along with the potential bat ,
b.) potential bullish abcd is also in progress which is in confluence with the bat pattern
c). lower trendline that may act as support and confirmation for the above 2 patterns

let see how it works out



Quoting ClockTrader
{quote} 1216.65 looks like a top to me.. I'll await London morning to be sure..
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  • #23,078
  • Feb 18, 2015 11:23pm Feb 18, 2015 11:23pm
Quoting ssaqeel
it looks like u r right on to that top call, so far its respecting 1217-1220 area and as u said yesterday before fomc it may go south towards 118x area. Right now for me a.) along with the potential bat , b.) potential bullish abcd is also in progress which is in confluence with the bat pattern c). lower trendline that may act as support and confirmation for the above 2 patterns let see how it works out {quote} {image}
Asian sessions can be most misleading & sometimes even disgusting.. more than 80% of the action takes place during Euro-US session. While 1218-20 area does look like a top.. I would have patience and wait for few hrs to be sure about that.

Regardless of key timings, on a general note, it doesn't look logical for price to fly way higher above 1218 area in a jiffy.. IF it wants to fly way higher, that should happen with zig-zag PA.. like 5-10 down & 10-20 up & so on.
Hello World!
  • #23,079
  • Edited Feb 19, 2015 1:35am Feb 18, 2015 11:49pm | Edited Feb 19, 2015 1:35am
To break & hold 1200 , price may bounce for limits at top or very likely strong down from any limits ( specially below 1251.98, even breaks should not stop bear here ) to get support next 1167\50 best targets . so watching lower limits first .Take care ,so plan will be short from any top\limits to test , not always to keep them accumulating trades.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #23,080
  • Feb 19, 2015 1:29am Feb 19, 2015 1:29am
Quoting ClockTrader
{quote} Asian sessions can be most misleading & sometimes even disgusting.. more than 80% of the action takes place during Euro-US session. While 1218-20 area does look like a top.. I would have patience and wait for few hrs to be sure about that. Regardless of key timings, on a general note, it doesn't look logical for price to fly way higher above 1218 area in a jiffy.. IF it wants to fly way higher, that should happen with zig-zag PA.. like 5-10 down & 10-20 up & so on.
Watching PA for support around 1212-14, if this can hold, the chances of further climb look good.. This should be clear within an hr or two..

Going further.. breach of 1218 will confirm we are going up.. IMO
Hello World!
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