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  • #24,981
  • Apr 6, 2015 9:18am Apr 6, 2015 9:18am
Quoting ajantala
{quote} Yeah, I guess Skyzer's theory hit the rocks today but to cut him some slack he said it works 8/10 times, I think the reason it seems to have been working is because gold is majorly in a downtrend for now and the trades taken during an uptrend would definitely not work that much.
Hit Rocks??? You think I'm an idiot and not switch EA for LONG for London since Friday NFP Gold market was closed?

Still this is probably ones in 10 days when GOLD actually rise on London Open, I will switch to SELL again today

FOMC in 2 days (why they meet so often for no reason?) just a schedule, I guess, Good luck.. By the way

LONG on London still doesn't work that well, It didn't hit my target and I close trade manually for profit.

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  • #24,982
  • Apr 6, 2015 10:04am Apr 6, 2015 10:04am
Quoting levros
Thank you for answer. I have trade but instead of XAUUSD I opened XAUEUR and i was not sure if it ract in the same way like XAUUSD.
It will not react the same way as XAU/USD and I find it very unpredictable..
Check this, gold's price correlates to dollar's price and euro/usd are also correlated. As euro is very low atm, gold in euros tend to be very high but that is not always true. Very often you see gold/$ is going up and gold/€ is going down bc euro is going up. It's a mess imho, leave it alone
  • #24,983
  • Apr 6, 2015 11:57am Apr 6, 2015 11:57am
Looks like an inverse head and shoulders here...if it stays out for a couple of days I might try a long.

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  • #24,984
  • Apr 6, 2015 12:25pm Apr 6, 2015 12:25pm
Quoting Stockman
Looks like an inverse head and shoulders here...if it stays out for a couple of days I might try a long. {image}
I can guarantee that by the FOMC day those manipulation monkeys will knock GOLD down below 1200 as usual..

It has nothing to do with charts..
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  • #24,985
  • Apr 6, 2015 1:19pm Apr 6, 2015 1:19pm
I see a pinbar in H4; it might fill the gap and if 1194 holds it might test 1245-55 where I will be happy to sell there.
In a longer view it might go for 1050 area with the pattern shown by september ..... my 2 cents
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  • #24,986
  • Apr 6, 2015 1:21pm Apr 6, 2015 1:21pm
Quoting mikey632
I see a pinbar in H4; it might fill the gap and if 1194 holds it might test 1245-55 where I will be happy to sell there. In a longer view it might go for 1050 area with the pattern shown by september ..... my 2 cents {image} {image}

I share your view...and now on the sidelines to see how market reacts to news this week.
"The market can remain irrational longer than you can remain solvent"
  • #24,987
  • Apr 6, 2015 1:30pm Apr 6, 2015 1:30pm
Quoting mikey632
In a longer view it might go for 1050 area with the pattern shown by september ..... my 2 cents {image} {image}
Yeah, right.. Bottom is in long time ago. 1050? I say 10500 before 1050, f*k patterns..
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  • #24,988
  • Apr 6, 2015 1:31pm Apr 6, 2015 1:31pm
Quoting anton.olff
{quote} I share your view...and now on the sidelines to see how market reacts to news this week.

What news? Nothing happens last FOMC, after that, EVERY Economic Data is a Miss including NFP.. SO, there would be no

rate hike BS talk by the FED, it's over.. OE4 is next. ))
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  • #24,989
  • Apr 6, 2015 1:36pm Apr 6, 2015 1:36pm
Quoting SkyzerFX
{quote} I can guarantee that by the FOMC day those manipulation monkeys will knock GOLD down below 1200 as usual.. It has nothing to do with charts..
Bro, I am a fan of yours, and you never answer my question. So this statement is sell?
The only winner is the one who survive the longest...
  • #24,990
  • Apr 6, 2015 1:37pm Apr 6, 2015 1:37pm
Quoting SkyzerFX
{quote} What news? Nothing happens last FOMC, after that, EVERY Economic Data is a Miss including NFP.. SO, there would be no rate hike BS talk by the FED, it's over.. OE4 is next. ))
If no rate hike, why sell Gold?

If QE4 is next, why sell Gold?

Pls explain to newbie like us, so we understand the contradiction.
The only winner is the one who survive the longest...
  • #24,991
  • Apr 6, 2015 1:53pm Apr 6, 2015 1:53pm
Quoting kinspk
{quote} Bro, I am a fan of yours, and you never answer my question. So this statement is sell?
hehe, Look I will sell LONDON if GOLD where it is now, I see GOLD will drop below 1200, possibly 1175-1185 area ones again

just Before FOMC, then will rise again above 1200, cause nothing has been changed. GOLD ALWAYS down during FOMC.

Let's say target is 1180.. Until WED. But Fundamentally speaking GOLD is Bullish.. GEO + Economy all in downturn.

To Sum: Gold is SELL in the short term until WED. Then BUY

Wait till Old Lady stop Jawboning on WED then push Buy button

Good luck.
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  • #24,992
  • Apr 6, 2015 1:56pm Apr 6, 2015 1:56pm
Quoting SkyzerFX
{quote} hehe, Look I will sell LONDON if GOLD where it is now, I see GOLD will drop below 1200, possibly 1275-1285 area ones again just Before FOMC, then will rise again above 1200, cause nothing has been changed. GOLD ALWAYS down during FOMC. Let's say target is 1180.. Until WED. But Fundamentally speaking GOLD is Bullish.. GEO + Economy all in downturn. Good luck.



I will sell LONDON if GOLD where it is now
So you sell Gold at London price or sell now?

Let's say target is 1180.. Until WED.
So what's your entry? I know your target is 1180.

But Fundamentally speaking GOLD is Bullish.
So are you selling or buying? Commercial member. Don't mislead newbie like us.
The only winner is the one who survive the longest...
  • #24,993
  • Apr 6, 2015 2:28pm Apr 6, 2015 2:28pm
Quoting kinspk
{quote} I will sell LONDON if GOLD where it is now So you sell Gold at London price or sell now? Let's say target is 1180.. Until WED. So what's your entry? I know your target is 1180. But Fundamentally speaking GOLD is Bullish. So are you selling or buying? Commercial member. Don't mislead newbie like us.
I will sell LONDON Open every day (2 more days) with TP $5-$7 Wed Included, then will see After FOMC. Clear enough?
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  • #24,994
  • Apr 6, 2015 11:24pm Apr 6, 2015 11:24pm
Quoting SkyzerFX
{quote} Yeah, right.. Bottom is in long time ago. 1050? I say 10500 before 1050, f*k patterns..
Behaaaave baby; you are hurting my Mo Jo.
But seriously; it's just an opinion . Most economies from the far east to europe and even Brazil ; Argentina are taking a winter nap and won't wake up for another 9 months at least. Also by lifting the sanctions on Iran; there will be more oil on the market sooner than later. The pound will follow south and so the commodities with the oil if it's staying near these numbers. Except the USA's economy; every where else is almost deflation; so there is no reason for the gold to shoot up yet. This year it's going to stay at the bottom. May be the middle of next year it will crawl back up slowly...Oh just draw a big old fib from 250 and look where the 50% is... just below 1100....and that's MHO.
  • #24,995
  • Apr 7, 2015 12:11am Apr 7, 2015 12:11am
Well, that was interesting..

Quoting mikey632
{quote} Behaaaave baby; you are hurting my Mo Jo. But seriously; it's just an opinion . Most economies from the far east to europe and even Brazil ; Argentina are taking a winter nap and won't wake up for another 9 months at least. Also by lifting the sanctions on Iran; there will be more oil on the market sooner than later. The pound will follow south and so the commodities with the oil if it's staying near these numbers. Except the USA's economy; every where else is almost deflation; so there is no reason for the gold to shoot up yet. This year...
Hello World!
  • #24,996
  • Apr 7, 2015 12:36am Apr 7, 2015 12:36am
I think gold will up for today.

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  • #24,997
  • Apr 7, 2015 1:00am Apr 7, 2015 1:00am
Quoting Suwandy
I think gold will up for today. {image}
Less is more...
  • #24,998
  • Apr 7, 2015 1:24am Apr 7, 2015 1:24am
{quote} [/quote]

Hehehe... well at least praying is good for all of us..
you choose the sell side aren't you ?
  • #24,999
  • Apr 7, 2015 1:37am Apr 7, 2015 1:37am
Quoting Suwandy
I think gold will up for today. {image}
Until early NY morning, Yes! it's possible.. this could climb in a sluggish manner..

On H1-H4, Bulls are too tired IMO..
Hello World!
  • #25,000
  • Apr 7, 2015 2:22am Apr 7, 2015 2:22am
Quoting SkyzerFX
{quote} I will sell LONDON Open every day (2 more days) with TP $5-$7 Wed Included, then will see After FOMC. Clear enough?
The only winner is the one who survive the longest...
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