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Only Gold!

  • #23,441
  • Feb 23, 2015 1:13am Feb 23, 2015 1:13am
Weekly Close, Open High and Open price are always some good support and resistance.

If price find support on 1204 ~ 1205, there may be a short term bull. If price go below opening price supports, it good for a weekly bearish candle.
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The only winner is the one who survive the longest...
  • #23,442
  • Feb 23, 2015 1:26am Feb 23, 2015 1:26am
hope it go like this, and also trade base on this. but if break down 1197, exit long and let short run again.
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Trust yourself maybe will be wrong,doubt yourself absolutely will be wrong
  • #23,443
  • Feb 23, 2015 1:40am Feb 23, 2015 1:40am
Quoting hyt-tony
If really break up 1216, exit short position when retrace and hold long, else, exit long position and hold short.
Quoting hyt-tony
hope it go like this, and also trade base on this. but if break down 1197, exit long and let short run again. {image}
Hope you make good money out of your positions..
Hello World!
  • #23,444
  • Edited 2:31am Feb 23, 2015 2:05am | Edited 2:31am
M5 Ichi has turned negative, but will hang on to my long and buy more at next turn. Not shorting at this price.
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  • #23,445
  • Feb 23, 2015 2:16am Feb 23, 2015 2:16am
1194 first target 2nd 1187 hope to achive
  • #23,446
  • Feb 23, 2015 2:47am Feb 23, 2015 2:47am
The R/R to play week open is always rewarding.

1201 to 1203 range = $2 risk
1203 to 1205 range = $2 risk

If weekly candle = Bear
High = 1205
Open = 1203

If weekly candle = Bull
Low = 1201
Open = 1203

Above base on asian session only, high low subject to changes thru the week.

If bearish:
Major support 1180/2, price slow down 1190/2, present hurdle 1197, possible bounce if hold.
The only winner is the one who survive the longest...
  • #23,447
  • Feb 23, 2015 2:51am Feb 23, 2015 2:51am
Morning !

Still into short mode (m30/H1) but some weak buyers m5/m15. So sideline for now
COT: The precious data ignored
  • #23,448
  • Feb 23, 2015 2:54am Feb 23, 2015 2:54am
Gold will keep sliding till 1183
  • #23,449
  • Feb 23, 2015 2:56am Feb 23, 2015 2:56am
Nice crack down. This fall has no end, and i have no ideas where it could end.
COT: The precious data ignored
  • #23,450
  • Feb 23, 2015 2:59am Feb 23, 2015 2:59am
Quoting kinspk
The R/R to play week open is always rewarding. 1201 to 1203 range = $2 risk 1203 to 1205 range = $2 risk If weekly candle = Bear High = 1205 Open = 1203 If weekly candle = Bull Low = 1201 Open = 1203 Above base on asian session only, high low subject to changes thru the week. If bearish: Major support 1180/2, price slow down 1190/2, present hurdle 1197, possible bounce if hold.
  • #23,451
  • Feb 23, 2015 2:59am Feb 23, 2015 2:59am
Quoting kuroro001
Nice crack down. This fall has no end, and i have no ideas where it could end.
Last week while I am looking at long term chart, I had a ridiculous forecast of 900. Market change all the time due to government intervention, dont dare to dream on that price.
The only winner is the one who survive the longest...
  • #23,452
  • Feb 23, 2015 3:02am Feb 23, 2015 3:02am
Quoting kinspk
{quote} Last week while I am looking at long term chart, I had a ridiculous forecast of 900. Market change all the time due to government intervention, dont dare to dream on that price.
To me we should head back below 1000, maybe towards 700/800 on a monthly basis. But i won't play this scenario, the timeframe is too long for me.

And you are right, Gold market changes all the time, it can just bounce out of nowhere or fall like the rock. Its better to have short term trade with Gold IMO
COT: The precious data ignored
  • #23,453
  • Feb 23, 2015 3:03am Feb 23, 2015 3:03am
Quoting acit
Sell Gold TP 1194 SL1222.77 using magnetic lines strategy and daily trend selling. Most ppl are buying gold but I will stick to my strategy. {image}
Took profit!
  • #23,454
  • Feb 23, 2015 3:06am Feb 23, 2015 3:06am
Quoting kinspk
{quote} Last week while I am looking at long term chart, I had a ridiculous forecast of 900. Market change all the time due to government intervention, dont dare to dream on that price.
Couldnt agree more...! Also need to always be aware of the side of our position...
  • #23,455
  • Feb 23, 2015 3:06am Feb 23, 2015 3:06am
Quoting kuroro001
{quote} To me we should head back below 1000, maybe towards 700/800 on a monthly basis. But i won't play this scenario, the timeframe is too long for me. And you are right, Gold market changes all the time, it can just bounce out of nowhere or fall like the rock. Its better to have short term trade with Gold IMO
Yea agree with you fully. Seems like it doesnt want a bottom, but if play long term, a surprise bounce will hurt badly. Yea short term trade safer.
The only winner is the one who survive the longest...
  • #23,456
  • Feb 23, 2015 3:07am Feb 23, 2015 3:07am
@ 1191

Support is in, IMO.. will know more in about an hr..
Hello World!
  • #23,457
  • Feb 23, 2015 3:11am Feb 23, 2015 3:11am
Hold my long 1198.53
  • #23,458
  • Feb 23, 2015 3:17am Feb 23, 2015 3:17am
Quoting mahooo
Hold my long 1198.53
You are brave, where do you plan to exit?
COT: The precious data ignored
  • #23,459
  • Feb 23, 2015 3:22am Feb 23, 2015 3:22am
Quoting ClockTrader
@ 1191 Support is in, IMO.. will know more in about an hr..
Falls shall be undoubtedly bigger than bounces.. yet a bounce from here looks inevitable IMO..

On a broad level my sentiment bearish for first half of this week.. seasonal view bearish too..

Long Monday from here is possible..
Hello World!
  • #23,460
  • Feb 23, 2015 3:25am Feb 23, 2015 3:25am
@1192-93

Testing longs from here with SL @ 1186-87
Hello World!
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