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- Landline replied Sep 23, 2014
Yes I accept that, which may mean yo yoing in a 1240-1210 type range for a few days, which is a nice range to trade in if that becomes the case.... oh for a crystal ball. Either way, I'll be letting PA be the guide on my direction tomorrow morning ...
Only Gold!
- Landline replied Sep 23, 2014
I generally agree with the caution too. My signals suggest long at this moment, but a large chunk of the day is still to come and much can happen. For now I'm undecided and also await todays close/morning open before commiting in a direction. As ...
Only Gold!
- Landline replied Sep 19, 2014
I see... you certainly have admirable patience and discipline for your seasonal investments I must say, and I guess all those longs must inevitably come good at some stage. I was thinking though, had you applied a reversal strategy in the sense of ...
Only Gold!
- Landline replied Sep 19, 2014
Imo we are in a very risky long ordering area now, I anticipate a big move down now that a whole bunch of new longs have been added as a result of a small upward correction.....the trap awaits I think
Only Gold!
- Landline replied Sep 19, 2014
Many longs busted (incl my small position)....many longs will be added now no doubt as price will start to become attractive at 1218-1220 or so....then bam...I expect the big shake out south to occur
Only Gold!
- Landline replied Sep 19, 2014
Hi all...I'm grimly hanging on to my small long for now for what its worth, it may recover to 1235 or thereabouts at which point, if it does, I'll strongly re consider my action, but will prob join the the "short" train, because tbh as of now I only ...
Only Gold!
- Landline replied Sep 18, 2014
A "NO" to scottish independence is the likely outcome later today/tmorrow morning. If true, then technicals aside, this should have the effect of pushing price up imo
Only Gold!
- Landline replied Sep 17, 2014
No suggestions I'm afraid....the market is poised to go either way, its finely balanced and the fact is no one knows yet which way yet.
Only Gold!
- Landline replied Sep 17, 2014
As expected, another quiet day for Gold and Silver so far...the lull before the storm. All that will change big time during the next 36 hrs where volatilility for all markets is bound to dramatically increase, so fasten your seat belts folks.... we ...
Only Gold!
- Landline replied Sep 16, 2014
The 4hr chart clearly shows the bull/bear struggle to me, both tried, both failed ending more or less in a stalemate. The picture is similar for both gold and silver, my longs for both are still in play but far from convinced its the way to go yet. ...
Only Gold!
- Landline replied Sep 16, 2014
I sill marginally favour long, hence my small low risk exploratory trade earlier. If the next few 4 hr candles along with the closing daily candle confirms my direction is correct, then I will add my main trade in same direction, if it doesnt, then ...
Only Gold!
- Landline replied Sep 16, 2014
OK .... I've tried hedging in the past, its not for me these days. I have just opened a small long and plan to add more if indications become more favourable on my method in the next day or two
Only Gold!
- Landline replied Sep 15, 2014
So far so good on your method and your entry trigger well done and I hope it works out for you...do you have a s/l in place? I have no suitable entry yet, but no rush, patience as usual is the key.
Only Gold!
- Landline replied Sep 15, 2014
That may be a good entry point if it gets there, time will tell, but I'm not convinced of direction long or short yet personally until I get a decent signal , so I wont enter based on what a price is.... I need more. On that basis I'm sitting on my ...
Only Gold!
- Landline replied Sep 15, 2014
Nothing defined for me today thus far in gold , although 4hr is showing me potential signs for a short soon....we'll see
Only Gold!
- Landline replied Sep 15, 2014
image Silver long on daily according to my system Gann crossing upper green TMA ADXs primed Black TMS under 30 and under black Gold may follow....but no daily signal for me yet Lets see how things develop over the coming few days
Only Gold!
- Landline replied Sep 12, 2014
News...hmmm....its usually late to have any real relevance particularly on daily charts, smaller t/fs perhaps, but I dont let news influence my trading in general personally, because I use price, which is what really guides me and it has the news ...
Only Gold!
- Landline replied Sep 12, 2014
Wouldn't simply closing your position be an easier and less messy option. You can always re-open a position up or down then when conditions in your method become favourable to you I'd have thought
Only Gold!
- Landline replied Sep 12, 2014
Hi, I'll try to be constructive regarding your position. I'm assuming you must be in deep drawdown at present, and accruing losses daily via swap costs. That being the case, it would make sense to abandon your position now whilst funds are still ...
Only Gold!
- Landline replied Sep 12, 2014
My 1st tp target is 1240.9 (80%) 2nd tp target (20%) will be 1243-1247 depending on pa through that zone S/L 1234.8
Only Gold!