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  • #24,301
  • Mar 10, 2015 12:44am Mar 10, 2015 12:44am
I don't understand, how did you know it would bounce?
  • #24,302
  • Mar 10, 2015 1:02am Mar 10, 2015 1:02am
Quoting Stockman
I don't understand, how did you know it would bounce?
I'm not sure who you addressed that question to, yet.. I'll reply..

There was a huge bottom on H1 - H4 on Friday.. check att..

now it simply can't bounce from that bottom IMO, some retrace was there though, today's M15 bottom-out took place on top of that huge bottom-out..

making me test a long from 1161, wasn't that simple?
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 22 KB
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  • #24,303
  • Mar 10, 2015 1:24am Mar 10, 2015 1:24am
Quoting Stockman
I don't understand, how did you know it would bounce?
Hardly a $4 bounce & now weak & back to 1161

IF this goes below 1159.. that would look pretty ugly for Bulls..
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  • #24,304
  • Mar 10, 2015 1:39am Mar 10, 2015 1:39am
Quoting ClockTrader
{quote} Hardly a $4 bounce & now weak & back to 1161 IF this goes below 1159.. that would look pretty ugly for Bulls..
Took the loss, will wait for a peak-out.. will try to catch it, IF I can..
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  • #24,305
  • Mar 10, 2015 1:54am Mar 10, 2015 1:54am
Quoting ClockTrader
{quote} Took the loss, will wait for a peak-out.. will try to catch it, IF I can..
Tricky day to trade...

If there really is demand, why the price not bounce from here on...? is it because europe hasnt wake up?

And if it does bounce, it could be due to manipulation such that weak buyer come in so that SL can be triggered on the way down..

Either way, for long play.. perhaps will be a good idea to wait for 3rd test of 1160 region..
  • #24,306
  • Mar 10, 2015 2:14am Mar 10, 2015 2:14am
Quoting andySu
{quote} Tricky day to trade... If there really is demand, why the price not bounce from here on...? is it because europe hasnt wake up? And if it does bounce, it could be due to manipulation such that weak buyer come in so that SL can be triggered on the way down.. Either way, for long play.. perhaps will be a good idea to wait for 3rd test of 1160 region..
Many years back, I created a policy for myself, DO NOT BUY if the trend is STRONG BEARISH, wait for a peakout.. & short from there. It's never going to be easy to find a bottom to play swing in a bearish market like this.

That policy still works great! only problem.. it's hard to follow. We make rules, we break them and thus we bear loss.

Sitting like an idle duck sucks too.. Following a trend is not easy either..
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  • #24,307
  • Mar 10, 2015 2:38am Mar 10, 2015 2:38am
Quoting ClockTrader
{quote} Many years back, I created a policy for myself, DO NOT BUY if the trend is STRONG BEARISH, wait for a peakout.. & short from there. It's never going to be easy to find a bottom to play swing in a bearish market like this. That policy still works great! only problem.. it's hard to follow. We make rules, we break them and thus we bear loss. Sitting like an idle duck sucks too.. Following a trend is not easy either..
Ya mate.... i suspect today will have to be really patient. If this goes sideways or at best reach 1163 till 6 a.m ET, we may be ready for yet another fall
  • #24,308
  • Mar 10, 2015 2:44am Mar 10, 2015 2:44am
Quoting andySu
{quote} Ya mate.... i suspect today will have to be really patient. If this goes sideways or at best reach 1163 till 6 a.m ET, we may be ready for yet another fall
I have no choice but to be patient & wait for a peak out on M15 around a key hr.. Let's see if I can get it and if I can get it, I'm gonna send next Free signal on the basis of that..
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  • #24,309
  • Mar 10, 2015 2:49am Mar 10, 2015 2:49am
Quoting ClockTrader
{quote} I have no choice but to be patient & wait for a peak out on M15 around a key hr.. Let's see if I can get it and if I can get it, I'm gonna send next Free signal on the basis of that..
For those who have not signed up for "Free Signal" yet, please feel free to signup on the URL below:

http://www.goldguru.in/blog/free-for...-sign-up-form/

PS: You get 1 - 2 free signals every week.
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  • #24,310
  • Mar 10, 2015 3:03am Mar 10, 2015 3:03am
Quoting ClockTrader
{quote} For those who have not signed up for "Free Signal" yet, please feel free to signup on the URL below: http://www.goldguru.in/blog/free-for...-sign-up-form/ PS: You get 1 - 2 free signals every week.
just did it! Thx for link
  • #24,311
  • Mar 10, 2015 3:07am Mar 10, 2015 3:07am
Quoting ClockTrader
{quote} Took the loss, will wait for a peak-out.. will try to catch it, IF I can..
Price just kissed 1157, glad I quit the long test..
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  • #24,312
  • Mar 10, 2015 3:13am Mar 10, 2015 3:13am
Time to go long, 1257 is close enough, I was thinking 1256, but that should do it. long from 1257.50 until AM
  • #24,313
  • Mar 10, 2015 3:22am Mar 10, 2015 3:22am
Quoting Stockman
Time to go long, 1257 is close enough, I was thinking 1256, but that should do it. long from 1257.50 until AM
Your SL?
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  • #24,314
  • Mar 10, 2015 3:50am Mar 10, 2015 3:50am
Leaving it for the night at 1152, I thought it was going to hit there, 1256 should hol.

Damn USD is like a rocket ship, non stop up up up up up
  • #24,315
  • Mar 10, 2015 3:51am Mar 10, 2015 3:51am
Hi All,

Whatever you do with Gold this week, take only sell trades. Dollar is very strong.
Be the dragon master...
  • #24,316
  • Mar 10, 2015 3:53am Mar 10, 2015 3:53am
That M5 candle is what I thought we would see on M15 before, looks good from here IMO, but I've been wrong 99% of the time lately.

Good night, leaving SL at 1252
  • #24,317
  • Mar 10, 2015 4:00am Mar 10, 2015 4:00am
Quoting Stockman
Leaving it for the night at 1152, I thought it was going to hit there, 1256 should hol. Damn USD is like a rocket ship, non stop up up up up up
Actually, I badly want this to fly high & peak out.. so I can sell, BUT, I think they know what my plan is.. so they keeping it simple, just fall & fall lower..

Nevertheless, Euro is warming up, a little support is possible in the 1150 range.. you might win.. my best wishes are with you mate!
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  • #24,318
  • Mar 10, 2015 4:51am Mar 10, 2015 4:51am
Quoting mastersm
Hi All, Whatever you do with Gold this week, take only sell trades. Dollar is very strong.
agree
  • #24,319
  • Mar 10, 2015 5:15am Mar 10, 2015 5:15am
This is what I meant
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2015-03-10-12-10-39.jpg Size: 387 KB
Be the dragon master...
  • #24,320
  • Mar 10, 2015 6:30am Mar 10, 2015 6:30am
Quoting mastersm
This is what I meant {image}
On a broad level selling around these prices would be a good idea 1265, 1275, 1285

However, one must be smart enough to hedge, enter/exit using VVSA or whatever system you follow..
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