Only Gold! | Page 1268 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #25,341
  • May 3, 2015 6:59am May 3, 2015 6:59am
Quoting MJBhinder
{image}
Your #2 is wrong, is not there yet. One day FRIDAY with only US Crooks online doesn't make it.

As you can see #1 is HIGHER LOW, now if #2 will post higher High (than previous) it should do it.

Speaking about Interest rates and GOLD. Remind me which rates were in 2004-2007 (5%- +) and how GOLD

triple in this environment? Also GOLD can perfectly go up alone with the dollar.. You can help yourself, if

you draw USDX vs GOLD, on many occasions GOLD goes up when USD also goes up. (safe heaven bid)

you will need one soon.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #25,342
  • May 3, 2015 7:09am May 3, 2015 7:09am
Quoting babaz7
{quote} can you tell where should i place stop loss?
On the basis of MTBO triggers, SL should be at: 1172.43

In order to learn more about MTBO triggers, check below article:

MTBO - Forex Trading Strategy
Hello World!
  • #25,343
  • May 3, 2015 7:31am May 3, 2015 7:31am
Quoting SkyzerFX
I say we going to see 1195 possible few breaks of 1200 level next week, but as I feel that All Central Banksters care about is 1200 level and possibility of keeping gold under. Chartists zombies, you ain't gonna see even 1000 gold, I'm telling you 10 times already. You charting gold, and gold is most valuable currency, not some penny stock. And over-bubbled Market is about to get 50% haircut sooner or later, so gold is in demand. 1150 is your best bottom. Then you have to beat China man to push it lower. Keep shorting you got 20$ to go and I got...

Let's just agree to disagree on your analysis. Time will tell...
Be the dragon master...
  • #25,344
  • May 3, 2015 7:53am May 3, 2015 7:53am
What else acting like this?

FOMC WTF GOLD chart.. What exactly FOMC said? They don't know when they going to rise rates if ever,
Based on Latest economic data, they better start another QE or else face recession in couple of months ahead.

Attached Image (click to enlarge)
Click to Enlarge Name: gld5-3.jpg Size: 93 KB


"Let's just agree to disagree on your analysis. Time will tell... " Well I let you know by Friday..

GOLD won't sit here at 1170. No way. Sane Asians coming to the Market on Monday.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #25,345
  • May 3, 2015 8:27am May 3, 2015 8:27am
Quoting ClockTrader
{quote} On the basis of MTBO triggers, SL should be at: 1172.43 In order to learn more about MTBO triggers, check below article: MTBO - Forex Trading Strategy
ok thanks.

btw i cant open the link, maybe its because im using a proxy server.
  • #25,346
  • May 3, 2015 10:39am May 3, 2015 10:39am
hi, can somebody help me with the trade explorer?

i want to create a trade explorer to keep track of my progress but my broker isnt listed there, im from pakistan basically.

is there a way to create one without a broker?
  • #25,347
  • May 3, 2015 10:41am May 3, 2015 10:41am
Quoting babaz7
hi, can somebody help me with the trade explorer? i want to create a trade explorer to keep track of my progress but my broker isnt listed there, im from pakistan basically. is there a way to create one without a broker?
You need to have your broker listed, otherwise I don't think you can do so..
Hello World!
  • #25,348
  • May 3, 2015 2:48pm May 3, 2015 2:48pm
Quoting mastersm
I agree Stockman. I'm aiming for $900.
900? I hope you don't put all your money in gold
  • #25,349
  • Edited 9:24pm May 3, 2015 8:55pm | Edited 9:24pm
Quoting babaz7
{quote} can you tell where should i place stop loss?
Moved my SL to 1175.06

I thought I should share it here with you..
Hello World!
  • #25,350
  • May 3, 2015 8:55pm May 3, 2015 8:55pm
Just look at the bitcoin bubble, 1300, down to 150...
Gold is still in the same bubble, 1900$/oz is crazy to even think about....gold should never be more than 400-700...when that time comes and it will, I'll be buying physical
  • #25,351
  • May 3, 2015 9:15pm May 3, 2015 9:15pm
Quoting ClockTrader
{quote} Move my SL to 1175.06 I thought I should share it here with you..
i appreciate that CT! thanks.

i'll change it too. btw what TP are you aiming for?
  • #25,352
  • May 3, 2015 9:28pm May 3, 2015 9:28pm
Quoting babaz7
{quote} i appreciate that CT! thanks. i'll change it too. btw what TP are you aiming for?
Well, my TPs are based on time and triggers. Since the longs are safe, I would like to wait until 12pm NY or until next trigger threatens the longs.. Sitting on sidelines and watching looks good. Adding a very light long doesn't look bad to me with SL @ 1175.06

IF it shoots way high, it's gonna spend a day or two up there in North, that would give ample time for the longs to mature.. I would suggest not to mess with your longs @ around 1171-72 rest is up to you.
Hello World!
  • #25,353
  • May 3, 2015 9:53pm May 3, 2015 9:53pm
I was doing back-studies on Copper and this spike didn't fit in my analysis.. FAiL.. makes the win-rate look very BAD :-(
You know what? I feel very bad when I work my ass off day and night only to realize that I was working on a BAD strategy.

However, today, I went an extra mile and checked same thing on AvaTrade. This spike was no where.. it didn't exist at all....

So, why is it there on FXCM charts?

Slippage SCAM?
SL hunting?

whatever you call..

FXCM remains on top in my black-list.. I thought I should share it here..

They have been fined millions of $$$s for such scams and guess what? They are happy to pay.. WHY? coz the scams earn them loads.

Governments are happy, Scammers are happy too.. average fellas get screwed.. and I hate this..
Attached Image (click to enlarge)
Click to Enlarge Name: fxcm-scam.PNG Size: 16 KB
Hello World!
  • #25,354
  • May 3, 2015 10:46pm May 3, 2015 10:46pm
Whatever don't fight the trend...started a short from 1184, target 1165, SL 1192
  • #25,355
  • May 3, 2015 11:51pm May 3, 2015 11:51pm
not sure if the usd vs gold weak enough to kick gold down, even if its EUR vc gold, it wont ether spcialy when chfusd in a low MM, my view is to long it up to 1187, or else wait to buy from 70ish,even with Uk election they will need gold as a Need to establish stable future bonds and metal CB strategy
Let me fill my acount wallet then will take Ur advice
  • #25,356
  • May 4, 2015 12:27am May 4, 2015 12:27am
Quoting ClockTrader
I was doing back-studies on Copper and this spike didn't fit in my analysis.. FAiL.. makes the win-rate look very BAD :-( You know what? I feel very bad when I work my ass off day and night only to realize that I was working on a BAD strategy. However, today, I went an extra mile and checked same thing on AvaTrade. This spike was no where.. it didn't exist at all.... So, why is it there on FXCM charts? Slippage SCAM? SL hunting? whatever you call.. FXCM remains on top in my black-list.. I thought I should share it here.. They have been fined millions...
Yes, FXCM has many issues reported recently..... Just avoid it.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,357
  • May 4, 2015 3:13am May 4, 2015 3:13am
can any one tell me that in 4 hour gold chat rsi going up
and same time when i open one hour chat its show that its on peak so how can i put the order up or down
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold 2.jpg Size: 336 KB
Click to Enlarge Name: GOLD.jpg Size: 429 KB
  • #25,358
  • May 4, 2015 4:45am May 4, 2015 4:45am
Quoting ClockTrader
{quote} Well, my TPs are based on time and triggers. Since the longs are safe, I would like to wait until 12pm NY or until next trigger threatens the longs.. Sitting on sidelines and watching looks good. Adding a very light long doesn't look bad to me with SL @ 1175.06 IF it shoots way high, it's gonna spend a day or two up there in North, that would give ample time for the longs to mature.. I would suggest not to mess with your longs @ around 1171-72 rest is up to you.
Your long is good, technically, it will move up more, unless there's some surprise.
The only winner is the one who survive the longest...
  • #25,359
  • May 4, 2015 5:24am May 4, 2015 5:24am
kinspk and ClockTrader: (just an opinion guys) Bullish bias might be true technically, especially for today or tomorrow, but when I look at the economic calender, strong job expectations and other data from US this week would push the gold south quite hard. This has been quite a trend lately anyway and as explained multiple times by our friend SkyzerFX ! This, however, would also create a good buying opportunity especially around 1145 (March lows). I'm not shorting or longing for now, just waiting for the right time.
  • #25,360
  • May 4, 2015 5:59am May 4, 2015 5:59am
Bro Fara, agree with what you said. But I am a trader not an investor, so dont take my view for long term trade, because I short and long with a neutral bias. Overall trend is bearish, but this short term bullish bias may also turn into a good R/R bottom, depend how one manage his trade.

As for what Bro Skyzer had been explaining, paper Gold was sold aggressively, how true is the value of Gold, and it doesnt really really reflect the real demand of Gold. With strong USD, maybe Gold were loaded heavily by the US without us knowing.

Is US really growing? I am not too sure. But if the below article is true, unemployment rate will increase, and may not even reflect in unemployment claims that soon.

http://www.zerohedge.com/news/2015-0...re-6000-stores
The only winner is the one who survive the longest...
11 traders viewing now