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Only Gold!

  • #26,921
  • Feb 11, 2016 1:32am Feb 11, 2016 1:32am
Quoting ClockTrader
This call went great.. Actually Great Win Rate as of late in my Skype Group :-) Cheers!! {image}
> Actually Great Win Rate as of late in my Skype Group

----> I should have have said.. ever since this group was formed... lucky me :-)
Hello World!
  • #26,922
  • Feb 11, 2016 6:03am Feb 11, 2016 6:03am
No sign of Bears.. not until this moment..
Hello World!
  • #26,923
  • Feb 11, 2016 6:04am Feb 11, 2016 6:04am
Quoting anton.olff
{quote} We both might profit!! I'd like to see gold go higher so I can add shorts. I don't think Yellen will backtrack too much on what she has said or done already, or the credibility of the FED goes out the window. I see gold ranging for 1st qtr from 1150, perhaps to 1288, but then a continuation of multi-year downward trend to 1000.
So, you still selling mate?
Hello World!
  • #26,924
  • Feb 11, 2016 6:26am Feb 11, 2016 6:26am
Quoting ClockTrader
{quote} So, you still selling mate?
Yes. Opened 2 shorts at 1239.
"The market can remain irrational longer than you can remain solvent"
  • #26,925
  • Feb 11, 2016 6:39am Feb 11, 2016 6:39am
Quoting anton.olff
{quote} Yes. Opened 2 shorts at 1239.
I agree with you. Oil keep going and gold should go down, the only reason gold keep climbing is increasing tension in north korea.
  • #26,926
  • Feb 11, 2016 6:44am Feb 11, 2016 6:44am
@Clocktrader....gold has gone up since the FED hiked rates in December for very good reasons. First, buy the rumor and sell the news. This is definitely a sell the news situation on the USD (against other currencies as well). Second, many traders are buying insurance/looking for safe havens (when the EUR and JPY are safe havens, you know something is not right), with global markets in chaos, and crappy yields everywhere (witness declining equities, bonds and oil) makes gold more attractive. Third, many traders do not believe that the FED will raise rates again in 2016, and may lower them instead. Janet Yellen has been a disaster for central bankers everywhere as she cannot communicate clearly and her policies do not inspire confidence in either the FED, or the U.S. economy.

My analysis: Gold will make gains in the intermediate term...but price is capped since there is more DEFLATION coming, little wiggle room for any central bank to lower rates or go negative, or for governments to provide any more fiscal stimulus. They are all out of money, and the prospect of raising taxes would send the world into a deep global depression.

Moreover, the FED is more likely to raise rates this year than not in an effort to normalize conditions (and give them ammo for the next recession, which will be timed so that Obama doesn't get the blame)...so with that in mind, I hedge trades to 1288 to 1300, will take profits on shorts...and wait for price action to go higher so I can add longer term shorts. I have a feeling the smart money is betting that all the people that got burned when gold dropped towards 1050, are now piling in LONG cause they feel their analysis has been the correct one....and boom, the larger traders will short this rally.
"The market can remain irrational longer than you can remain solvent"
  • #26,927
  • Feb 11, 2016 6:44am Feb 11, 2016 6:44am
Quoting ClockTrader
{quote} So, you still selling mate?
This is your time to shine ClockTrader. The momentum in Gold finally hitting its straps. Its heading for the top of the downward trend channel around 1250-1260. If we break this, its game-on Gold bugs.

The Equities bloodbath should continue over months to come, god forbid all we need is a war or a major corporate / bank collapse and watch a massive leg of panic selling on Equities. Gold could go exponential in a short period, like it has the past couple of days!
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.png Size: 63 KB
  • #26,928
  • Feb 11, 2016 6:53am Feb 11, 2016 6:53am
Quoting PariCovek
{quote} This is your time to shine ClockTrader. The momentum in Gold finally hitting its straps. Its heading for the top of the downward trend channel around 1250-1260. If we break this, its game-on Gold bugs. The Equities bloodbath should continue over months to come, god forbid all we need is a war or a major corporate / bank collapse and watch a massive leg of panic selling on Equities. Gold could go exponential in a short period, like it has the past couple of days! {image}
Top of the downward channel....another reason to short.
"The market can remain irrational longer than you can remain solvent"
  • #26,929
  • Feb 11, 2016 7:55am Feb 11, 2016 7:55am
Quoting ClockTrader
{quote} > Actually Great Win Rate as of late in my Skype Group ----> I should have have said.. ever since this group was formed... lucky me :-)
Can you add me please to your group ? :>
  • #26,930
  • Feb 11, 2016 11:29am Feb 11, 2016 11:29am
Quoting anton.olff
{quote} Yes. Opened 2 shorts at 1239.
Like you say, it works if we go in opp. directions.. well, it worked for me :-)
Attached Image
Hello World!
  • #26,931
  • Feb 11, 2016 11:31am Feb 11, 2016 11:31am
Quoting PariCovek
{quote} This is your time to shine ClockTrader. The momentum in Gold finally hitting its straps. Its heading for the top of the downward trend channel around 1250-1260. If we break this, its game-on Gold bugs. The Equities bloodbath should continue over months to come, god forbid all we need is a war or a major corporate / bank collapse and watch a massive leg of panic selling on Equities. Gold could go exponential in a short period, like it has the past couple of days! {image}
It's like good old days.. like it worked in 2000s, I remember Gold climbing several weeks in a row.. as many as 4-6 weeks I can recall without any major break or correction..
Hello World!
  • #26,932
  • Feb 11, 2016 11:32am Feb 11, 2016 11:32am
Quoting anton.olff
@Clocktrader....gold has gone up since the FED hiked rates in December for very good reasons. First, buy the rumor and sell the news. This is definitely a sell the news situation on the USD (against other currencies as well). Second, many traders are buying insurance/looking for safe havens (when the EUR and JPY are safe havens, you know something is not right), with global markets in chaos, and crappy yields everywhere (witness declining equities, bonds and oil) makes gold more attractive.
Mate, I don't know how to trade news.. just a little VSA is what I trade.. then I got a team of traders.. take their help..
Hello World!
  • #26,933
  • Feb 11, 2016 11:34am Feb 11, 2016 11:34am
Quoting Kubiasty
{quote} Can you add me please to your group ? :>
My SKYPE is: AuroraIN

I've been adding people to group, they've been posting sh!tty files.. hackers trying to take over members..

I'm a little slow.. have not added any new members this week..

If new members can identify themselves, I'd be happy to add you ASAP!
Hello World!
  • #26,934
  • Feb 11, 2016 11:46am Feb 11, 2016 11:46am
Quoting ClockTrader
{quote} Like you say, it works if we go in opp. directions.. well, it worked for me :-) {image}
@1252

Took profit on this!
Hello World!
  • #26,935
  • Feb 12, 2016 5:59am Feb 12, 2016 5:59am
Massive Shooting Star on Daily, which hit top of downtrend channel around 1260s... Might get a small relief rally on Equities over coming days, and maybe Gold may drop a little, but I think it can go higher again.
  • #26,936
  • Feb 12, 2016 8:49am Feb 12, 2016 8:49am
Quoting PariCovek
Massive Shooting Star on Daily, which hit top of downtrend channel around 1260s... Might get a small relief rally on Equities over coming days, and maybe Gold may drop a little, but I think it can go higher again.
Looks like a trap.. I'm not selling here.. on sidelines until I can catch a move..
Hello World!
  • #26,937
  • Feb 14, 2016 6:47am Feb 14, 2016 6:47am
Market closed on Monday... Question.. Do you guys expect the market will gap up or down???
  • #26,938
  • Feb 14, 2016 2:16pm Feb 14, 2016 2:16pm
Quoting schematics
Market closed on Monday... Question.. Do you guys expect the market will gap up or down???
Depends on how the China will do after the break. I guess you know that Shanghai was off for the whole week...
buying tops / selling bottoms
  • #26,939
  • Feb 15, 2016 1:02am Feb 15, 2016 1:02am
Quoting 0fx0
add me in your group plz
My Skype is: AuroraIN

Sign up on below Link:

Free Forex Trading Signals

Cheers!
Hello World!
  • #26,940
  • Feb 15, 2016 1:03am Feb 15, 2016 1:03am
Found something new, if this works right, this could be it..

Switching to demo trading for research..
Hello World!
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