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All Majors and Gold

  • #4,941
  • Edited 1:47am Apr 22, 2013 1:22am | Edited 1:47am
I am short now... Looking at 140x area for TP..

SL hit..
  • #4,942
  • Apr 22, 2013 2:27am Apr 22, 2013 2:27am
Quoting Pip Anon
{quote} Zones for sure. It is really obeying the channel on 1H. I am trying to correlate some yen strengthens which seems not to work in golds favor. Aussie may play a factor as well. Shorted at 1422, looking for 23FIB, it may even test lower. There seems to be psychical demand, but we clearly seen the institutions and the paper are what drive prices. You nor I won't bring prices up. I think psychology will prevail. Not saying gold won't go up, but I think because "we" expect it to go up it will fight you along the way. {image}
Closed.
When the facts change I change my mind, what do you do sir
  • #4,943
  • Apr 22, 2013 3:05am Apr 22, 2013 3:05am
Hi all,
I'm short at 1423. SL above the retracement res line at 1430 on H4.

Demand for Gold and silver is high (and we all expect to see it move up but banks and paper assets are pushing it down. They need to buy at cheaper prices.
  • #4,944
  • Apr 22, 2013 4:43am Apr 22, 2013 4:43am
Clear rise in the opening for the gold, and direction towards area 1490, close to the 20 days moving average. The Adx at 43 makes me think that sales will be back on this level.
  • #4,945
  • Apr 22, 2013 4:51am Apr 22, 2013 4:51am
Quoting deepak925
{quote} the battle zone continues.. {image}
  • #4,946
  • Apr 22, 2013 4:51am Apr 22, 2013 4:51am
As much as it pains me, gold bugs may want to go higher. However, I think gold will trade more like a stock than a "safe haven"
When the facts change I change my mind, what do you do sir
  • #4,947
  • Apr 22, 2013 7:43am Apr 22, 2013 7:43am
GOLD jumped so everybody decided to jump from here also
GBP/USD
  • #4,948
  • Apr 22, 2013 7:45am Apr 22, 2013 7:45am
Quoting deepak925
GOLD jumped so everybody decided to jump from here also
  • #4,949
  • Apr 22, 2013 7:51am Apr 22, 2013 7:51am
good morning

so, let's see what we have. london longed, ny seems like decided to short.
  • #4,950
  • Apr 22, 2013 7:54am Apr 22, 2013 7:54am
Quoting samadum
good morning so, let's see what we have. london longed, ny seems like decided to short.
wall st opens in half hr..data (existing home sales) usd in 1hr interesting..
GBP/USD
  • #4,951
  • Apr 22, 2013 8:32am Apr 22, 2013 8:32am
Quoting deepak925
GOLD jumped so everybody decided to jump from here also

looks it will down now, max it will go to 1554 and then another quick uturn
  • #4,952
  • Apr 22, 2013 9:54am Apr 22, 2013 9:54am
here we go again morning star right on 1420..posted same chart few days back hope NOOBS took note of it..just like yens on weekly
Attached Image (click to enlarge)
Click to Enlarge Name: m.png Size: 38 KB
GBP/USD
  • #4,953
  • Apr 22, 2013 10:01am Apr 22, 2013 10:01am
as per existing home sales number, plus recent bullish retracement I have placed two long orders.
in first case, forced to remember how to cut my losses until sl.
in second case, got back first losses.

now I guess we will enter 1H range. advice everyone to stay away for a while. just wait and see.
  • #4,954
  • Apr 22, 2013 10:07am Apr 22, 2013 10:07am
Quoting samadum
as per existing home sales number, plus recent bullish retracement I have placed two long orders. in first case, forced to remember how to cut my losses until sl. in second case, got back first losses. now I guess we will enter 1H range. advice everyone to stay away for a while. just wait and see.
Love the consolidation above 1415. Looking real good, silver to erupt once gets clean break of MA on 4hr chart.
"It is not enough to have a good mind; the main thing is to use it well"
  • #4,955
  • Apr 22, 2013 10:16am Apr 22, 2013 10:16am
also, my dear fellows, why don't we discuss bearish side dynamics.

in fx, xau related forums traders mostly discuss why price should go up from here,
from there, from every drop, from every higher high etc.

sinclair and traders like him are crying too much and don't even trying to understand,
explain why really gold price has been dropped so much. they have only 1-2 arguments,
such as qe, fed, bernanke, conspiracy, etc. but how about funds, central banks, major
traders sentiments who are relocating their strategies against gold. just want to underline
that there are much more than bullish side points.

as I said above, bullish arguments are well known. so everyday I am trying to find an answer
why gold can continue bearish movement despite of very strong bullish arguments.

one interesting article of today:
http://www.forbes.com/sites/rickferr...swatted-again/
  • #4,956
  • Apr 22, 2013 10:21am Apr 22, 2013 10:21am
Quoting samadum
also, my dear fellows, why don't we discuss bearish side dynamics. in fx, xau related forums traders mostly discuss why price should go up from here, from there, from every drop, from every higher high etc. sinclair and traders like him are crying too much and don't even trying to understand, explain why really gold price has been dropped so much. they have only 1-2 arguments, such as qe, fed, bernanke, conspiracy, etc. but how about funds, central banks, major traders sentiments who are relocating their strategies against gold. just want to underline...
in fx, xau related forums traders mostly discuss why price should go up from here,
from there, from every drop, from every higher high etc.

the only answer for this Q is candlesticks for me and i try to post them always..
GBP/USD
  • #4,957
  • Apr 22, 2013 10:24am Apr 22, 2013 10:24am
Quoting deepak925
{quote} in fx, xau related forums traders mostly discuss why price should go up from here, from there, from every drop, from every higher high etc. the only answer for this Q is candlesticks for me and i try to post them always..

Candlesticks leads the way for me.
"It is not enough to have a good mind; the main thing is to use it well"
  • #4,958
  • Apr 22, 2013 10:27am Apr 22, 2013 10:27am
great, as for me - tech. trader, candle sticks are map for trading too.
but tech. + fundamental dynamics duo makes trader much stronger.

Quoting QuikFlipp
{quote} Candlesticks leads the way for me.
  • #4,959
  • Apr 22, 2013 10:34am Apr 22, 2013 10:34am
Quoting samadum
great, as for me - tech. trader, candle sticks are map for trading too. but tech. + fundamental dynamics duo makes trader much stronger. {quote}

True, thats why im holding my cheap longs
"It is not enough to have a good mind; the main thing is to use it well"
  • #4,960
  • Apr 22, 2013 2:25pm Apr 22, 2013 2:25pm
did everybody see what is being done with gold since last week?
Wooooohooooo or Boooooohooooo
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