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Only Gold!

  • #24,141
  • Mar 2, 2015 9:56pm Mar 2, 2015 9:56pm
Quoting andySu
{quote} What 's happening with gold is really confusing.... will switch to learning mode....
not really, just consider this few points and u will be ok

if war in major oil/metal countries, gold up
else if physical demand up, gold up
else if paper demand up, gold up
else gold down
  • #24,142
  • Mar 2, 2015 10:14pm Mar 2, 2015 10:14pm
Quoting ohguowei
{quote} not really, just consider this few points and u will be ok if war in major oil/metal countries, gold up else if physical demand up, gold up else if paper demand up, gold up else gold down
Hi Bro, so what is your sentiment for Gold?And how do you determine physical Gold demand and paper Gold demand? Some examples will be good. Thanks.
The only winner is the one who survive the longest...
  • #24,143
  • Mar 2, 2015 10:21pm Mar 2, 2015 10:21pm
Quoting kinspk
{quote} Hi Bro, so what is your sentiment for Gold?And how do you determine physical Gold demand and paper Gold demand? Some examples will be good. Thanks.
currently OIL is oversupply so the IRAN/ISIS issue dont seem to have much weight on Gold
china demand for gold during this traditional period dont seem to be picking up
india government is hell bend on reducing gold import
paper supply dropping after US bank start to pull out of the ETF market

so overall i would suggest sell on rally, take it with a pinch of salt. not sure when hyper inflation will set in... but i doubt will be soon. even USA is facing deflation now.

again take all this with a pinch of salt, being losing quite alot of money due to gold wild swag lately. Euro affect on gold is really annoying me

http://www.kitco.com/news/2015-02-26...-New-Year.html
http://www.gold.org/supply-and-deman...-demand-trends
http://kitco.com/
http://economictimes.indiatimes.com/...w/46406700.cms
http://www.bloomberg.com/news/articl...-spot-to-india
http://www.etftrends.com/2015/01/gol...alyst-chatter/
http://www.bulliondesk.com/gold-quar...q1-2015-33888/
http://finance.yahoo.com/news/gold-e...183605997.html
  • #24,144
  • Mar 2, 2015 10:25pm Mar 2, 2015 10:25pm
Quoting andySu
{quote} What 's happening with gold is really confusing.... will switch to learning mode....
Had a rough start this week.. broke the rules.. lacked precision in skills too..

Since my MM was not so bad & despite bad moves.. I have survived a storm & learnt something..

PA is undoubtedly confusing.. I'll await Peakout on M15 (VVSA) in the Northern side..

This year looks very bad for Bulls.. until June-July at least..

1250 looks like Mt. Everest now & 1000-1100 appears where PA is heading..
Hello World!
  • #24,145
  • Mar 2, 2015 10:28pm Mar 2, 2015 10:28pm
Quoting ohguowei
{quote} currently OIL is oversupply so the IRAN/ISIS issue dont seem to have much weight on Gold china demand for gold during this traditional period dont seem to be picking up india government is hell bend on reducing gold import paper supply dropping after US bank start to pull out of the ETF market so overall i would suggest sell on rally, take it with a pinch of salt. not sure when hyper inflation will set in... but i doubt will be soon. even USA is facing deflation now. again take all this with a pinch of salt, being losing quite alot of money...
Thx Bro. Hope to hear more of this kind of analysis from you.

Technical analysis is too common.
The only winner is the one who survive the longest...
  • #24,146
  • Mar 2, 2015 11:55pm Mar 2, 2015 11:55pm
some supply drop.

http://www.forexfactory.com/news.php?do=news&id=529004
The only winner is the one who survive the longest...
  • #24,147
  • Mar 3, 2015 12:06am Mar 3, 2015 12:06am
Quoting kinspk
some supply drop. http://www.forexfactory.com/news.php?do=news&id=529004
so did the robbers stalk the gold van daily to wait for it to break down, or they just happen to be carrying arms while driving around in a van when they spotted the gold van break down?

this raise so many questions
  • #24,148
  • Mar 3, 2015 12:31am Mar 3, 2015 12:31am
Sell limit: 1213.5; SL 1223.5 ; TP 1203.5.
Current price: 1210.xx
  • #24,149
  • Mar 3, 2015 12:39am Mar 3, 2015 12:39am
Quoting phamnguyen
Sell limit: 1213.5; SL 1223.5 ; TP 1203.5. Current price: 1210.xx
Hi , maybe a huge bullish wave ahead .
@Aymankkhlifat
  • #24,150
  • Mar 3, 2015 12:51am Mar 3, 2015 12:51am
Quoting forexpipss
{quote} Hi , maybe a huge bullish wave ahead .
Thanks for the warning
  • #24,151
  • Mar 3, 2015 12:55am Mar 3, 2015 12:55am
Quoting phamnguyen
{quote} Thanks for the warning
That rebound from 1194 signs for something
@Aymankkhlifat
  • #24,152
  • Mar 3, 2015 1:00am Mar 3, 2015 1:00am
Quoting andySu
{quote} Strange price action... will refocus...
I was sleeping and couldn't close when it rose, stop hunting got me

But we hit 1195,xx and strongly bounced off it.

I will wait London to go long or even NY now its too high, or i would need a large stop

And volume was very low on the rise, i'll wait for another test of 1200 at least
COT: The precious data ignored
  • #24,153
  • Mar 3, 2015 1:25am Mar 3, 2015 1:25am
Quoting kuroro001
{quote} I was sleeping and couldn't close when it rose, stop hunting got me But we hit 1195,xx and strongly bounced off it. I will wait London to go long or even NY now its too high, or i would need a large stop And volume was very low on the rise, i'll wait for another test of 1200 at least
If today can close in the area of 1207 above, today will register as "testing supply" day.
  • #24,154
  • Mar 3, 2015 1:51am Mar 3, 2015 1:51am
Quoting andySu
{quote} If today can close in the area of 1207 above, today will register as "testing supply" day.
I'd like to see very strong volume then

Usually Tuesday vol is higher than monday, but there is no big news for USD

Asians screwed up the PA the again
COT: The precious data ignored
  • #24,155
  • Mar 3, 2015 4:44am Mar 3, 2015 4:44am
Quoting kuroro001
{quote} I'd like to see very strong volume then Usually Tuesday vol is higher than monday, but there is no big news for USD Asians screwed up the PA the again
Is it true?

According to Tom Williams, test day doesnt have to be on high volume..

low volume test equally shows that supply has been removed and price can be marked up soon.. ?
  • #24,156
  • Mar 3, 2015 4:57am Mar 3, 2015 4:57am
Quoting andySu
{quote} Is it true? According to Tom Williams, test day doesnt have to be on high volume.. low volume test equally shows that supply has been removed and price can be marked up soon.. ?
That's true, that's what he said indeed.

But i don't trade based on Williams principles

I got my own method, and when i see a bouncing candle with high volume its buyers to me. I only trade high volume candles, i skip the low volume ones.

It deosn't mean we have to buy, but it means to be cautious of buyers. Check m5 yesterday, from 1215 to 1205. At least 4 bouncing candles ending up in green, but it kept going lower. Price wasn't ready to rise, but it means we'll see a retrace up to these candles
COT: The precious data ignored
  • #24,157
  • Mar 3, 2015 5:54am Mar 3, 2015 5:54am
Had been selling from 1208 up to 1223 zone since last week. SL being at 1225 ( almost hit )

Load a decent amount of position.

Targeting 1187, I have a supporting line at 1182.

Lets see how the market goes.

Daily Chart - Price bounce of from 89 SMA
H4 chart - crossed above 89 SMA and came back down in two candles, holding since than
  • #24,158
  • Mar 3, 2015 6:34am Mar 3, 2015 6:34am
Quoting kuroro001
{quote} That's true, that's what he said indeed. But i don't trade based on Williams principles I got my own method, and when i see a bouncing candle with high volume its buyers to me. I only trade high volume candles, i skip the low volume ones. It deosn't mean we have to buy, but it means to be cautious of buyers. Check m5 yesterday, from 1215 to 1205. At least 4 bouncing candles ending up in green, but it kept going lower. Price wasn't ready to rise, but it means we'll see a retrace up to these candles
At the end of day, it'll always be about making money.

Who cares what method you follow. At least I don't.
Hello World!
  • #24,159
  • Mar 3, 2015 6:36am Mar 3, 2015 6:36am
Quoting ClockTrader
{quote} At the end of day, it'll always be about making money. Who cares what method you follow. At least I don't.
I got my own...i'd never follow anybody or pay for anybody to trade for me.

So i don't care neither
COT: The precious data ignored
  • #24,160
  • Mar 3, 2015 6:37am Mar 3, 2015 6:37am
Quoting actorial
Had been selling from 1208 up to 1223 zone since last week. SL being at 1225 ( almost hit ) Load a decent amount of position. Targeting 1187, I have a supporting line at 1182. Lets see how the market goes. Daily Chart - Price bounce of from 89 SMA H4 chart - crossed above 89 SMA and came back down in two candles, holding since than
@1210

Any area high above this is worth selling, all I seek is a nice peakout & desirable patterns on VVSA on key timings..

I made a mistake yesterday, started with selling though.. then messed up my shorts..

I'll have patience & wait for right & authentic peakout.. something will surely happen within a day or two.. I'm quite hopeful..
Hello World!
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