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Only Gold!

  • #26,301
  • Sep 2, 2015 4:01am Sep 2, 2015 4:01am
Quoting Fx_Anil
Even if the short-term ascending trend-channel favors Gold up-move, $1141 becomes a trigger to the yellow metal's rise towards $1150. However, downside break of $1136 can make it test $1128. {image}
Bro, mind sharing what's your view on Gold whether it's bullish or bearish from your fundamental perspective?
The only winner is the one who survive the longest...
  • #26,302
  • Sep 2, 2015 4:06am Sep 2, 2015 4:06am
Quoting kinspk
{quote} Bro, mind sharing what's your view on Gold whether it's bullish or bearish from your fundamental perspective?
I firmly on the bear side of Gold, less likely to break $1155-60 area. Moreover, stronger USD, coupled with weaker China and India, major consumers of Gold, could continue dragging down the yellow metal's prices.
  • #26,303
  • Sep 2, 2015 4:32am Sep 2, 2015 4:32am
Turn to sell at 1140.
  • #26,304
  • Sep 2, 2015 4:42am Sep 2, 2015 4:42am
Quoting Fx_Anil
{quote} I firmly on the bear side of Gold, less likely to break $1155-60 area. Moreover, stronger USD, coupled with weaker China and India, major consumers of Gold, could continue dragging down the yellow metal's prices.
Thanks bro for your nice fundamental perspective. While as you mentioned the economic outlook of a strong USD, many who shorted Gold are either trapped or SL hunted down. So in term of price level, where do you recommend for a short and how will you manage the TP and SL?
The only winner is the one who survive the longest...
  • #26,305
  • Sep 2, 2015 6:45am Sep 2, 2015 6:45am
Quoting kinspk
{quote} Thanks bro for your nice fundamental perspective. While as you mentioned the economic outlook of a strong USD, many who shorted Gold are either trapped or SL hunted down. So in term of price level, where do you recommend for a short and how will you manage the TP and SL?
Current uncertainty could fuel the yellow metal prices towards $1150-60 area, i would like to sell there with $1200 being an SL and expected 1080 as a downside target.
  • #26,306
  • Sep 2, 2015 8:23am Sep 2, 2015 8:23am
Quoting nicefirework
Turn to sell at 1140.
Bad data, out in profit.
  • #26,307
  • Sep 2, 2015 8:26am Sep 2, 2015 8:26am
Quoting Fx_Anil
{quote} Current uncertainty could fuel the yellow metal prices towards $1150-60 area, i would like to sell there with $1200 being an SL and expected 1080 as a downside target.
Yes, uncertainty. News today certainly added to that. Will the Fed? When will the Fed, etc. NFP is likely to have a bigger impact than it normally does.
"The market can remain irrational longer than you can remain solvent"
  • #26,308
  • Sep 2, 2015 11:31am Sep 2, 2015 11:31am
It appears gold will move back down to the 1094 level over the next few days....any opinions on this observation?
I may not be right...BUT, I am never wrong
  • #26,309
  • Sep 2, 2015 11:44pm Sep 2, 2015 11:44pm
Quoting anton.olff
{quote} Yes, uncertainty. News today certainly added to that. Will the Fed? When will the Fed, etc. NFP is likely to have a bigger impact than it normally does.
Yes, this times NFP will be much more important.
  • #26,310
  • Sep 3, 2015 7:11am Sep 3, 2015 7:11am
Gold seems weak below @1128.
  • #26,311
  • Sep 3, 2015 10:16am Sep 3, 2015 10:16am
Quoting rambo12
hi hello everyone ..after long time ...gold hit 100 DMA..now hopefully a big drop ..shorted at 1142 anthore sell limt at 1145 ..buy stop at 1149 ..targets 1117 below somwhere 1105 on run time

hello good day everyone .... still holding shorts looking to short more 1131 ..target not expecting 1135 again ...targets 1115 n then 11090 then big bounce ..good luck everyone
  • #26,312
  • Sep 3, 2015 11:40am Sep 3, 2015 11:40am
Quoting kinspk
{quote} Unlucky Bro, my broker's low actually was at 1125.77 which shouldn't have trigger your SL, you would have make a profit instead of a loss .
My SL didn't trigger either.. neither on FXCM nor on AvaTrade..

I was just too disappointed.. and not happy with how I was following my system.

Main problem lately has been that I've been trying to trade non-Gold and trying to trade it like Gold while not following the system.

Nevertheless, the system needs to improve and I need to improve as well.
Hello World!
  • #26,313
  • Sep 3, 2015 11:42am Sep 3, 2015 11:42am
Gold @ 1124

Sell Range: 1124-1127

Short from here with SL @ 1131

Target Open
Hello World!
  • #26,314
  • Sep 3, 2015 11:44am Sep 3, 2015 11:44am
Quoting ClockTrader
{quote} My SL didn't trigger either.. neither on FXCM nor on AvaTrade.. I was just too disappointed.. and not happy with how I was following my system. Main problem lately has been that I've been trying to trade non-Gold and trying to trade it like Gold while not following the system. Nevertheless, the system needs to improve and I need to improve as well.
Another issue is my chronic health challenges.. anxiety.. nervousness.. lack of decisiveness.. I have improved a lot lately.. but need more..
Hello World!
  • #26,315
  • Sep 4, 2015 12:36am Sep 4, 2015 12:36am
US Crude Oil @ 46.22

Selling here with SL @ 48.50
Hello World!
  • #26,316
  • Sep 4, 2015 2:15am Sep 4, 2015 2:15am
Quoting Fx_Anil
Even if the short-term ascending trend-channel favors Gold up-move, $1141 becomes a trigger to the yellow metal's rise towards $1150. However, downside break of $1136 can make it test $1128. {image}
I think that channel is complete.
This one may be more relevent
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 33 KB
Combat crazy markets with crazy trading
  • #26,317
  • Sep 4, 2015 2:19am Sep 4, 2015 2:19am
Quoting ClockTrader
Gold @ 1124 Sell Range: 1124-1127 Short from here with SL @ 1131 Target Open
Chance of a pull-back to 1132 before the next drop.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 36 KB
Combat crazy markets with crazy trading
  • #26,318
  • Sep 4, 2015 3:14am Sep 4, 2015 3:14am
Quoting CrazyOz
{quote} I think that channel is complete. This one may be more relevent {image}
any update on s&p
  • #26,319
  • Sep 4, 2015 6:24am Sep 4, 2015 6:24am
Quoting ClockTrader
Gold @ 1124 Sell Range: 1124-1127 Short from here with SL @ 1131 Target Open
Highly jittery and ding dong.. Hot News ahead gonna jolt all kinds of R/S levels today..

My SLs are in place.. let's see if these shorts bring in greens or reds.
Hello World!
  • #26,320
  • Sep 4, 2015 7:40am Sep 4, 2015 7:40am
Mix data as usual, price move before news release indicating market expected better number.
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