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All Majors and Gold

  • #2,261
  • Jan 8, 2013 4:24pm Jan 8, 2013 4:24pm
Quoting Rulez
Hi all,

I have been reading this thread for a while now and decided to join. I am new to trading gold and i find this thread very useful.

Olu looking at your chart i believe Gold to retreat to 1635..... i have just opened a sell at 1661.79
Hi

On behalf of GM (he will do it when he gets back on the thread) welcome to the trading gold. About the gold trade time will tell. I am not happy about the loss of downside momentum. I am short at 1658 but will not hesitate to take it off if I feel price action is not supportive
Olu
If you think you can or cannot do it you are correct
  • #2,262
  • Jan 8, 2013 4:34pm Jan 8, 2013 4:34pm
Quoting Rulez
Hi all,

I have been reading this thread for a while now and decided to join. I am new to trading gold and i find this thread very useful.

Olu looking at your chart i believe Gold to retreat to 1635..... i have just opened a sell at 1661.79
Rulez

Welcome and good luck on your shorts
May I asked if you are new in forex trading
Gold is very hard to daytrade and can wipe you account if you don't take of MM(money management)

1662 is a great place for a quick scalp of $5-$10 gain
Wooooohooooo or Boooooohooooo
  • #2,263
  • Jan 8, 2013 9:33pm Jan 8, 2013 9:33pm
Quoting gnomoneey
settings are all in the posts for the trend.ex4
use it on h4
look at the screen and see if you can see the pattern and go back several years
i know it works well on eu
gold so so but still worthwhile using...


Thanks.. gnomoney.. Your are very helpful.
  • #2,264
  • Jan 8, 2013 9:49pm Jan 8, 2013 9:49pm
Quoting chamoknet
Thanks.. gnomoney.. Your are very helpful.
No problem.
Wooooohooooo or Boooooohooooo
  • #2,265
  • Jan 8, 2013 11:18pm Jan 8, 2013 11:18pm
Hi
Another day.
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  • #2,266
  • Jan 9, 2013 12:55am Jan 9, 2013 12:55am
Quoting Goldminer
Hi
Another day.

Stop loss 1660
Not sure will go up more.
  • #2,267
  • Jan 9, 2013 1:04am Jan 9, 2013 1:04am
Hey GM ! Always Impressed From Your Analysis ! Are You Expecting A Bear From Here And If Yes Till What Point Do You Expect It To Be ! Waiting For Your Kind Advise Which Is Always Very Helpfull ! Regards !
Quoting Goldminer
Stop loss 1660
Not sure will go up more.
  • #2,268
  • Jan 9, 2013 1:25am Jan 9, 2013 1:25am
Quoting WoodyNeo
Hey GM ! Always Impressed From Your Analysis ! Are You Expecting A Bear From Here And If Yes Till What Point Do You Expect It To Be ! Waiting For Your Kind Advise Which Is Always Very Helpfull ! Regards !
Hi Woody
Frankly speaking I dont know. I will not sell. I dont see sell. It could be but not sure. I am waiting for long term sell, when the signal for sell appears. Now I am scalping in two ways
  • #2,269
  • Jan 9, 2013 1:31am Jan 9, 2013 1:31am
Here is daily chart
Attached Image (click to enlarge)
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  • #2,270
  • Jan 9, 2013 3:09am Jan 9, 2013 3:09am
@LONDON Open -> gold opens bullish almost everytime

I expect bearish movement intraday -> eurusd / gold / gbpusd

today:
GBP Trade Balance - in 20 min
EUR Final GDP q/q - in 50 min
USD10-y Bond Auction - 9 hours

most of the price will occur +20/-20 min of the news...

+ NY OPEN

long term bias: gold 1560, silver 27.5
  • #2,271
  • Jan 9, 2013 4:30am Jan 9, 2013 4:30am
I hate posting my charts and my views as usually the market does completely somehting different, but ill try today and see what will happen ))

Just to start off I think it just might be an up day as long as we can go over the FAT white line around 1665. Price action so far has been supportive of an upward direction imho. It cleared the sell zone (as defined by 2 red lines) and managed to stay at or above the upper bound of that zone and in fact today managed to go through another sell area (fat'ish light brown line) , so once again if we can move above the fat white line we should continue going upwards..if not there is plenty of support all the way to 1642'ish.
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  • #2,272
  • Jan 9, 2013 4:57am Jan 9, 2013 4:57am
Quoting lexazver
I hate posting my charts and my views as usually the market does completely somehting different, but ill try today and see what will happen ))

Just to start off I think it just might be an up day as long as we can go over the FAT white line around 1665. Price action so far has been supportive of an upward direction imho. It cleared the sell zone (as defined by 2 red lines) and managed to stay at or above the upper bound of that zone and in fact today managed to go through another sell area (fat'ish light brown line) , so once again if we can...
1681 I like that level.
  • #2,273
  • Jan 9, 2013 5:54am Jan 9, 2013 5:54am
Quoting lexazver
I hate posting my charts and my views as usually the market does completely somehting different, but ill try today and see what will happen ))

Just to start off I think it just might be an up day as long as we can go over the FAT white line around 1665. Price action so far has been supportive of an upward direction imho. It cleared the sell zone (as defined by 2 red lines) and managed to stay at or above the upper bound of that zone and in fact today managed to go through another sell area (fat'ish light brown line) , so once again if we can...

Just to add if it touches 1660 (without any attempt to bounce) my bullishness is gone and at the moment looks like it might do it...
  • #2,274
  • Jan 9, 2013 6:11am Jan 9, 2013 6:11am
1660 key support.
sell limit in order to catch the spike
sell limit only for today

sell limit 1686
stop 1696
profit - dont know
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  • #2,275
  • Jan 9, 2013 6:34am Jan 9, 2013 6:34am
I got nailed for 4 big points after following the spike above 1664.
If you think you can or cannot do it you are correct
  • #2,276
  • Jan 9, 2013 6:52am Jan 9, 2013 6:52am
Quoting gnomoneey
Rulez

Welcome and good luck on your shorts
May I asked if you are new in forex trading
Gold is very hard to daytrade and can wipe you account if you don't take of MM(money management)

1662 is a great place for a quick scalp of $5-$10 gain
Hi Gnomoneey,

i am fairly new to forex trading. however my first lesson was all about money management and i have been trading gold and euro exclusively for the past one year. I closed my sell yesterday from 1661.79 at 1658. I have also opened another sell at 1663 but will hold this for the next hour and see.
  • #2,277
  • Jan 9, 2013 7:00am Jan 9, 2013 7:00am
Quoting Goldminer
1660 key support.
sell limit in order to catch the spike
sell limit only for today

sell limit 1686
stop 1696
profit - dont know
Good Luck godminer

I'm trending for ranging still from I think it's 1651-1670(no charts just on my iPhon.....refer to my charts of Saturday

This ecb rate cut should move gold so we'll have to wait and see
Wooooohooooo or Boooooohooooo
  • #2,278
  • Jan 9, 2013 7:01am Jan 9, 2013 7:01am
Quoting Olu
I got nailed for 4 big points after following the spike above 1664.
Ranging still....catch tops and bottoms.
Wooooohooooo or Boooooohooooo
  • #2,279
  • Jan 9, 2013 7:01am Jan 9, 2013 7:01am
Went long at the close of the hour at 1661.8 with stop at 1658.2
  • #2,280
  • Jan 9, 2013 7:03am Jan 9, 2013 7:03am
Quoting gnomoneey
or is this the play magenta tl....inverse hs

Attachment
Keep this chart in mind still
Wooooohooooo or Boooooohooooo
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