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  • #647,301
  • May 24, 2012 10:18am May 24, 2012 10:18am
Quoting sidhujag
bears are in power under 1563
Looks like the bears had power until 6 AM EST. Then they lost it. It might go a little higher first, 1585 maybe, before making a new leg down. I don't usually trade gold so I might very well be wrong but that's what I think.
  • #647,302
  • May 24, 2012 10:28am May 24, 2012 10:28am
Quoting Kowalczyk
Looks like the bears had power until 6 AM EST. Then they lost it. It might go a little higher first, 1585 maybe, before making a new leg down. I don't usually trade gold so I might very well be wrong but that's what I think.
6 bux and counting from manipulation time
  • #647,303
  • May 24, 2012 10:29am May 24, 2012 10:29am
Any bullish dreamer out there should watch out for his funeral friendly warning!...cheers
Imanuel Parsifal
  • #647,304
  • May 24, 2012 10:30am May 24, 2012 10:30am
1.2542?? down direction to 1.2515?
  • #647,305
  • May 24, 2012 10:37am May 24, 2012 10:37am
Quoting sidhujag
6 bux and counting from manipulation time
1) No need to brag
2) It should not breach 1551.50.
3) Like I said, I am not an expert in gold. Just my opinion.
  • #647,306
  • May 24, 2012 10:38am May 24, 2012 10:38am
Quoting sycho
Any bullish dreamer out there should watch out for his funeral friendly warning!...cheers
acctually... I like to see some of us going for long sometime.. maybe they spot something that I dont... hahaha.. talking 'bout free fall.. now is the time to talk 'bout it.. coz what I see.. 1.22 is THE ONLY support/supply/what ever u guys callin it left... with fundy's & tech analisies... going SOUTH is for sure...
  • #647,307
  • May 24, 2012 10:42am May 24, 2012 10:42am
Quoting Kowalczyk
1) No need to brag
2) It should not breach 1551.50.
3) Like I said, I am not an expert in gold. Just my opinion.
Just saying that its always the same... gold is manipulated at the highest level... it really doesn't follow technical rules.
  • #647,308
  • May 24, 2012 10:45am May 24, 2012 10:45am
There are a bunch of exotic options protecting 1.2500 that roll off at the end of the week... things like No Touch....

That could go two ways.... it keeps price away from 1.2500... or it gets hit and suddenly some support disappears when there is no longer any financial incentive to keep price from touching 1.2500...

I tend to think we need a re-test of the Jan low break before we go lower... hanging onto a short position and hope to add on a re-test.

orders to add at

1.2618
and 1.2668
  • #647,309
  • May 24, 2012 10:45am May 24, 2012 10:45am
Anyone think we'll touch 1.2500 today? Just wondering what opinions are out there.
  • #647,310
  • May 24, 2012 10:46am May 24, 2012 10:46am
Quoting sidhujag
Just saying that its always the same... gold is manipulated at the highest level... it really doesn't follow technical rules.
looks like h1 will close below 1563.. bear
  • #647,311
  • May 24, 2012 10:49am May 24, 2012 10:49am
Quoting quidproquo
well which do you use traderjai? and why? I am noob
I like Ben and Jerry's peanut butter cup, strawberry cheesecake, and Phish food...
  • #647,312
  • May 24, 2012 10:49am May 24, 2012 10:49am
Quoting johnny depp
acctually... I like to see some of us going for long sometime.. Maybe they spot something that i dont... Hahaha.. Talking 'bout free fall.. Now is the time to talk 'bout it.. Coz what i see.. 1.22 is the only support/supply/what ever u guys callin it left... With fundy's & tech analisies... Going south is for sure...
well for this week..anything that seem like a bull run,was clear profit taking and better positioning for further deep..the thing is there is nothing coming out of europe that would encourage anyone to buy euro..cheers
Imanuel Parsifal
  • #647,313
  • May 24, 2012 10:52am May 24, 2012 10:52am
Quoting sidhujag
Just saying that its always the same... gold is manipulated at the highest level... it really doesn't follow technical rules.
Yeah, I know. That is why I do not trade gold. Some people say gold is completely technical, and I am like WTF, it does not follow Fibonacci, support/ resistance, supply/demand, trend lines, oscillators or any form of technical analysis that I know of.
  • #647,314
  • May 24, 2012 10:54am May 24, 2012 10:54am
We need a hourly close at or below 1.2534/35 for any change to go lower.
  • #647,315
  • May 24, 2012 10:56am May 24, 2012 10:56am
Quoting Kowalczyk
We need a hourly close at or below 1.2534/35 for any change to go lower.
Mind if I ask you where you get that resistance from?
  • #647,316
  • May 24, 2012 10:58am May 24, 2012 10:58am
Quoting Kowalczyk
Yeah, I know. That is why I do not trade gold. Some people say gold is completely technical, and I am like WTF, it does not follow Fibonacci, support/ resistance, supply/demand, trend lines, oscillators or any form of technical analysis that I know of.
I dunno mate....looks like this was following a steady trendline for a long time.


Personally...I can't trade this, just not enough pennies in the piggy bank yet.
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  • #647,317
  • May 24, 2012 10:59am May 24, 2012 10:59am
Long EUR

Entry: 1.2531
Stop: 1.2476
  • #647,318
  • May 24, 2012 10:59am May 24, 2012 10:59am
Quoting quidproquo
Mind if I ask you where you get that resistance from?
Its not really resistance. The lowest hourly (and 15-min) close before was 1.2537. Generally, if we fail to close below the previous lowest close, that is a sign there is not enough momentum to go lower.

Also, this is benign but of we do close at 1.2537, we would have a large dojo on the 15-min.
  • #647,319
  • May 24, 2012 11:00am May 24, 2012 11:00am
I'll be looking to see if 1.25 holds.
  • #647,320
  • May 24, 2012 11:01am May 24, 2012 11:01am
Quoting almo
I dunno mate....looks like this was following a steady trendline for a long time.


Personally...I can't trade this, just not enough pennies in the piggy bank yet.
I am talking about day/swing trading.
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