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Only Gold!

  • #24,481
  • Mar 13, 2015 7:37am Mar 13, 2015 7:37am
Looking to short higher, its in the middle of 1153/61 range now.

I wouldn't buy if it goes back to 1153
COT: The precious data ignored
  • #24,482
  • Mar 13, 2015 7:39am Mar 13, 2015 7:39am
coin flip from here IMO, tic toc, make up your mind gold...
  • #24,483
  • Mar 13, 2015 7:49am Mar 13, 2015 7:49am
Everything in me says to short here, I'm so convinced to go short, that I'm going to go long right here.
  • #24,484
  • Mar 13, 2015 7:50am Mar 13, 2015 7:50am
Quoting Stockman
Everything in me says to short here, I'm so convinced to go short, that I'm going to go long right here.
Not yet for shorts, most likely near daily high, maybe above it. Short should happen later, but for now its for the longs
COT: The precious data ignored
  • #24,485
  • Mar 13, 2015 7:53am Mar 13, 2015 7:53am
Sorry, I mean long as in not short, I'm doing the opposite of what I think is right.

I feel a spike up today, bottom might be in by the looks of it...

Long 1157 SL - 1150
  • #24,486
  • Mar 13, 2015 7:56am Mar 13, 2015 7:56am
Look at that 4 hour hammer forming....yum

This is looking very bullish

https://www.tradingview.com/x/TOt4h0Gb/
  • #24,487
  • Mar 13, 2015 7:58am Mar 13, 2015 7:58am
Quoting Stockman
Look at that 4 hour hammer forming....yum This is looking very bullish https://www.tradingview.com/x/TOt4h0Gb/
H4 can be irrelevant....because it depends on feeds, and if you have a LO or US broker

Better look at lower TF or daily. But its me

Good luck with it

Still looking to short higher as i missed long inside 1154,xx
COT: The precious data ignored
  • #24,488
  • Mar 13, 2015 8:00am Mar 13, 2015 8:00am
Quoting Stockman
Look at that 4 hour hammer forming....yum This is looking very bullish https://www.tradingview.com/x/TOt4h0Gb/
It's going up IMO.. and this could peak out after the news..

I may be wrong.. I'll just sit and watch for now..
Hello World!
  • #24,489
  • Mar 13, 2015 8:02am Mar 13, 2015 8:02am
Quoting Stockman
Look at that 4 hour hammer forming....yum This is looking very bullish https://www.tradingview.com/x/TOt4h0Gb/
Why don't you post the chart here? I insist you do..

It's too much of a pain to go to a site to see your view..
Hello World!
  • #24,490
  • Mar 13, 2015 8:02am Mar 13, 2015 8:02am
Quoting Stockman
Look at that 4 hour hammer forming....yum This is looking very bullish https://www.tradingview.com/x/TOt4h0Gb/
At one point you begin to look like a link spammer..
Hello World!
  • #24,491
  • Mar 13, 2015 8:07am Mar 13, 2015 8:07am
Quoting ClockTrader
{quote} At one point you begin to look like a link spammer..
Sorry about that...I'll settle down
  • #24,492
  • Mar 13, 2015 8:09am Mar 13, 2015 8:09am
I have to take a screenshot to post a chart?
  • #24,493
  • Mar 13, 2015 8:10am Mar 13, 2015 8:10am
Quoting Stockman
{quote} Sorry about that...I'll settle down
IF the price doesn't go up further.. this may descend..

staying conservative sounds like need of the hr..

I have been thinking about a chat room too.. actually an instant way to deliver more signals.. email can be slow and not that effective..

Any advise would be appreciated..
Hello World!
  • #24,494
  • Mar 13, 2015 8:11am Mar 13, 2015 8:11am
Quoting Stockman
I have to take a screenshot to post a chart?
I use "snipping tool", it's free and comes with windows.. There are many more powerful tools for free on web if you want more..
Hello World!
  • #24,495
  • Mar 13, 2015 8:20am Mar 13, 2015 8:20am
Quoting ClockTrader
{quote} I use "snipping tool", it's free and comes with windows.. There are many more powerful tools for free on web if you want more..
Tight range trading strategy now as I don't think we'll see much movement until FOMC next week.
"The market can remain irrational longer than you can remain solvent"
  • #24,496
  • Mar 13, 2015 8:32am Mar 13, 2015 8:32am
Quoting anton.olff
{quote} Tight range trading strategy now as I don't think we'll see much movement until FOMC next week.
After Golden Seasons failed, I gave up interest in long term positions and switched to day and small swing trades only.. well.. that works well only half of the times.. coz when markets are governed by strong bears or bulls, I'll miss at least half of good moves.. and trading against the trend hurts..

So, now my focus is to ride rallies on the basis of my swing calls in line with the trend.. this helps tap the pips which can't be earned when our analysis fails.. like someone said, trend is your friend.
Hello World!
  • #24,497
  • Mar 13, 2015 8:33am Mar 13, 2015 8:33am
Let me add to previous statement by saying that I expect some short covering/stop hunting with prices rising to at least 1174 and possibly to 1188. If the FOMC does not modify language in the statement next week, we could see gold retrace higher, perhaps over 1200. I will add shorts and sit on my hands afterward. At least that is my intention.
"The market can remain irrational longer than you can remain solvent"
  • #24,498
  • Mar 13, 2015 8:59am Mar 13, 2015 8:59am
Okay it couldn't rise, shorts are too strong.

Still not in, and its the week end soon, i may call it a day
COT: The precious data ignored
  • #24,499
  • Mar 13, 2015 9:03am Mar 13, 2015 9:03am
Yesterday and Today we got -ve numbers and prices are not going high. May be it is the impact of upcoming FOMC. Whole thing is looking very fishy.
  • #24,500
  • Mar 13, 2015 9:07am Mar 13, 2015 9:07am
Quoting anton.olff
Let me add to previous statement by saying that I expect some short covering/stop hunting with prices rising to at least 1174 and possibly to 1188. If the FOMC does not modify language in the statement next week, we could see gold retrace higher, perhaps over 1200. I will add shorts and sit on my hands afterward. At least that is my intention.
I don't think we are going to see prices like 1188 in near future.. let alone above 1200

Price should dip down to 1100 levels, a bounce rally from there... until 1150-60 and 1170-80 tops.. then back to 1000 -- 1100

Late this year in Dec-Jan, yes, we may get to see 1200 level
Hello World!
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