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Only Gold!

  • #25,221
  • Apr 22, 2015 9:49am Apr 22, 2015 9:49am
I closed my long just in time to take profit on short at 1188. Now waiting for dust to settle before going long again
"The market can remain irrational longer than you can remain solvent"
  • #25,222
  • Apr 22, 2015 9:51am Apr 22, 2015 9:51am
A push down to the 1176-1180 area possible, though a lot of support here at 1187-1188 level.
"The market can remain irrational longer than you can remain solvent"
  • #25,223
  • Apr 22, 2015 9:55am Apr 22, 2015 9:55am
Quoting oladinpeter
{quote} What is BTBO?
Bingo Trenz BreakOut

a strategy developed by a team (I'm part of the team)
Hello World!
  • #25,224
  • Apr 22, 2015 9:57am Apr 22, 2015 9:57am
Quoting anton.olff
I closed my long just in time to take profit on short at 1188. Now waiting for dust to settle before going long again
Instead of buying from the bottom, I would suggest sell from Top.. Check H4 and Daily chart..

For a long time, I've been saying that expiry week shall end way below 1200, decisively..

We got a whole week of PA..

We'll see lots of ups and downs, but, final direction shall remain South, IMO..
Hello World!
  • #25,225
  • Apr 22, 2015 10:10am Apr 22, 2015 10:10am
Quoting ClockTrader
{quote} Instead of buying from the bottom, I would suggest sell from Top.. Check H4 and Daily chart.. For a long time, I've been saying that expiry week shall end way below 1200, decisively.. We got a whole week of PA.. We'll see lots of ups and downs, but, final direction shall remain South, IMO..
You might be correct. Lots of volatility at current level which appears to be another push downward.
"The market can remain irrational longer than you can remain solvent"
  • #25,226
  • Apr 22, 2015 10:40am Apr 22, 2015 10:40am
He-he, so let me guess? those idiots looks like so Sure, that there will be no GREXIT?

Even if not? Greeks simply will eat up another 50-100 billion Euros and comeback again.

Who the f*k can continue to pay 13-15% interest on such DEBT sum?

They don't get it that this is impossible for Greeks to pay it OFF, Debt is too large..

Those EZ bureaucrats simply saving their a$$es by printing more money, so Greeks continue to pay

them High DIV on the bonds.. Ridiculous.. Then JAPAN would be next, then US is in the line as well next 3-5 years..

Keep selling.
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  • #25,227
  • Apr 22, 2015 10:44am Apr 22, 2015 10:44am
Quoting anton.olff
{quote} You might be correct. Lots of volatility at current level which appears to be another push downward.
@1188-89

Not a huge fall from current level.. fluctuation of $5-10 may remain there though..

I don't expect anything like $30-40 from here over the next 24-48 hrs.. Apparently, I would be wrong, if any such thing happens..

This up/down see-saw may remain around for a while.. however, eventually, given the summer season and such factors.. I'll continue to expect 1000-1100 range sometime by June-End..

By October we may see the lower side of 1000-1100, these numbers are based on seasonal waves.. (past trends of 30+ yrs taken into consideration)
Hello World!
  • #25,228
  • Apr 22, 2015 10:50am Apr 22, 2015 10:50am
Yeah, so Chinese must be idiots, then

"Chinas Stealth Gold Reserves To Quadruple as IMF Seek Answers
- Enter the Dragon - China Stealthily Accumulated Massive Gold Hoard
- IMF Seek Answers On Chinas Mysterious Gold Reserves according to Bloomberg
- Major demand issue and bullish support for gold rarely covered in mainstream
- China may disclose its gold reserves by October in a bid to have the Yuan included in SDR currency-basket
- China has not made its gold holdings public since 2009
- Bloomberg estimates that reserves may be as high as 3510 tonnes, 2nd largest in the world"
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #25,229
  • Apr 22, 2015 11:07am Apr 22, 2015 11:07am
Since Gold couldn't manage to break 1210 resistence last week, I shorted it at every top (8 times till today).
Grabbed from 30 to 50 each time.
Sorry that today I was too shy and couldn't get the whole drop.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.H1.png Size: 174 KB
Per aspera ad astra
  • #25,230
  • Apr 22, 2015 11:35am Apr 22, 2015 11:35am
Quoting jpadvisor
Since Gold couldn't manage to break 1210 resistence last week, I shorted it at every top (8 times till today). Grabbed from 30 to 50 each time. Sorry that today I was too shy and couldn't get the whole drop. {image}
Next time it shoots, maybe it'll fly through 1215
I can smell shit loads of SLs there..

just an opinion..
Hello World!
  • #25,231
  • Apr 22, 2015 1:38pm Apr 22, 2015 1:38pm
Quoting ClockTrader
{quote} Bingo Trenz BreakOut a strategy developed by a team (I'm part of the team)
are you selling it?
  • #25,232
  • Apr 22, 2015 1:54pm Apr 22, 2015 1:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 170 KB
STAY HUNGRY STAY FOOLISH
  • #25,233
  • Apr 22, 2015 1:55pm Apr 22, 2015 1:55pm
still has power in h4. can reach 1180-1175
STAY HUNGRY STAY FOOLISH
  • #25,234
  • Apr 22, 2015 1:55pm Apr 22, 2015 1:55pm
I expect gold to rise to atleast 1208 in the coming days. I'm long.
  • #25,235
  • Apr 22, 2015 6:34pm Apr 22, 2015 6:34pm
Quoting SkyzerFX
{quote} All those clowns have no clue what Domino Effect will be at the Grexit Event.. Remember last time few years back when Greece has a problem what happens to the Market, even when nobody talks about Exit at that time.. GOLD price right now controlled by 2 party in London and Wall-street. Yes they control Paper Spot, how long can they sell what they don't have? That's the question. In mean while, during this manipulation, it's very easy to set trades just place SELL Limit 5-7$ apart and collect profits.. Every pop has been Dumped in US session....
Greece bankrupt was unforseen, while grexit was planned, covered widely by many government and scheduled.
Do u think evil master mind would not be ready for something so obvious? When grexit happen as scheduled they will release their sell bot and active their plan G. There is no way for gold to go up when the event is foreseen.
If they are as capable as u said they are, then u shouldn't worry. They got ur short covered
  • #25,236
  • Apr 22, 2015 8:58pm Apr 22, 2015 8:58pm
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 79 KB
  • #25,237
  • Apr 22, 2015 9:50pm Apr 22, 2015 9:50pm
Quoting oladinpeter
{quote} are you selling it?
Yes, if you are bank / corp or someone with that kind of pocket..
Hello World!
  • #25,238
  • Edited 9:55pm Apr 22, 2015 9:54pm | Edited 9:55pm
Quoting ohguowei
{quote} oanda lowest spread for gold is around 0.25 cent per unit, 1 dollars profit seem abit too little to counter this type of spread, no? i remember i saw 2.50 dollars spread during news time
I should have replied to your query in a different manner.. here you go....

Let's say the spread is $5 (of course it's hypothetical)

Buy Stop @ 1195 TP @ 1196

Buy would trigger @ 1190 and TP would trigger at around 1196

Hence, the profit in every case would be $1 i.e. 100 pips

PS: I'm trying to figure out 100% win rate.. Out of about 10 calls every week, there are some promising areas where I can bet with 100% surety, just need more research.. it's too extensive. Most of the team is from third world, but our expenses are like that of 1st world. It can't happen overnight.
Hello World!
  • #25,239
  • Apr 23, 2015 2:13am Apr 23, 2015 2:13am
Quoting ClockTrader
{quote} Yes, if you are bank / corp or someone with that kind of pocket..
how much then?
  • #25,240
  • Apr 23, 2015 5:10am Apr 23, 2015 5:10am
Quoting SkyzerFX
He-he, so let me guess? those idiots looks like so Sure, that there will be no GREXIT? Even if not? Greeks simply will eat up another 50-100 billion Euros and comeback again. Who the f*k can continue to pay 13-15% interest on such DEBT sum? They don't get it that this is impossible for Greeks to pay it OFF, Debt is too large.. Those EZ bureaucrats simply saving their a$$es by printing more money, so Greeks continue to pay them High DIV on the bonds.. Ridiculous.. Then JAPAN would be next, then US is in the line as well next 3-5 years.. Keep selling....

Quoting ohguowei
{quote} Greece bankrupt was unforseen, while grexit was planned, covered widely by many government and scheduled. Do u think evil master mind would not be ready for something so obvious? When grexit happen as scheduled they will release their sell bot and active their plan G. There is no way for gold to go up when the event is foreseen. If they are as capable as u said they are, then u shouldn't worry. They got ur short covered
Hi Bros, so what are your opinions and directions of Gold if Greece exit Euro? Will love to hear your views on that, thanks.
The only winner is the one who survive the longest...
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