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  • #14,841
  • Edited 11:48am Dec 28, 2011 11:33am | Edited 11:48am
i will maybe have margin call on my small acc.Forgot to add sell at 1640-1630 area and my free margin is rly small...So sad ....I am in rage now....
I have closed my 1592 sell yesterday.I am dumbass
  • #14,842
  • Dec 28, 2011 12:21pm Dec 28, 2011 12:21pm
I am not at all surprised at today's price action on xau/usd. If anybody bordered to look at my last post/chart, (#14907), the bearish signal was damned too glaring. A doji forming just at the 200 SMA.
I still don't think we are yet at the optimal point to pick bottoms. The most probable direction is down for now towards 1530.
  • #14,843
  • Dec 28, 2011 4:32pm Dec 28, 2011 4:32pm
I think its 99% gold will go 1530 retest again.
  • #14,844
  • Dec 28, 2011 6:14pm Dec 28, 2011 6:14pm
4 trades at NY open:

1 loss, three wins.

SL -$5
TP $3

First trade loss, opened on iPad app without proper signal
Second and third trade, TP hit
Fourth trade, countertrade, chickened out at +$2, later reached TP

Overall profit +$3 (golddollars that is)
Attached Image (click to enlarge)
Click to Enlarge Name: Golden Dustbins 2.jpg Size: 124 KB
  • #14,845
  • Dec 28, 2011 6:22pm Dec 28, 2011 6:22pm
my gold plays - took this only on private - not on my ma. was full in dax and ej.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_lazy_trades_13.jpg Size: 64 KB


cheers enigma4x
enjoy my life ... and ride the waves - all what I do
  • #14,846
  • Dec 28, 2011 7:40pm Dec 28, 2011 7:40pm
Should have followed price action instead of following an evidently false sense of hope. That doji said it all and proved it's validity. Painful lesson for me. Did you go short giantgroup?

Quoting giantgroup
I am not at all surprised at today's price action on xau/usd. If anybody bordered to look at my last post/chart, (#14907), the bearish signal was damned too glaring. A doji forming just at the 200 SMA.
I still don't think we are yet at the optimal point to pick bottoms. The most probable direction is down for now towards 1530.
  • #14,847
  • Edited 9:51pm Dec 28, 2011 9:29pm | Edited 9:51pm
Looking at the weekly charts this is the 3rd attempt to trade south of yearly breakout 1551 area and as of yet their has been no weekly or even a daily close below. However, she certainly wasting no time for the yearly timeframe dynamics to move as she sits in the area.
Just as she sat @ 1588 and waited on the tue. daily timeframe dynamics to move ahead to wed. before she dropped below, it may be the same on the yearly timeframe. My eyes are open to a daily close below 1551 and a follow up confirming day to verify more downside.
this area of 1551 has been of support not only the yearly breakout but also this week (1544) and months (1555) projected lows lines up for support also.
However, heads up if we start trading below 1554-1555 as the daily close at 1556 is noted.
Silver confirmed with the 2nd weekly close below $30 and did as expected and even a bit more as she moved threw weekly lows 27.55, her retest of that area yesterday was noted lets see what the pa is today.
Gold reached her monthly lows lets see if silver reaches hers at $25.41. However If gold turns north from her support Id expect silver to follow.
monthly
42.71
34.06
25.41
  • #14,848
  • Dec 29, 2011 1:46am Dec 29, 2011 1:46am
Auction of long-dated Italian Bonds tonight in about 2hr15min.
I have no enemy; I make Incautiousness my Enemy.
  • #14,849
  • Dec 29, 2011 3:07am Dec 29, 2011 3:07am
Quoting jimobiwan
Auction of long-dated Italian Bonds tonight in about 2hr15min.
what the impact for PMs when italy sell their bond?
  • #14,850
  • Dec 29, 2011 4:01am Dec 29, 2011 4:01am
Quoting kamen
what the impact for PMs when italy sell their bond?
looking for the interest

the short term ones sold quite well.

I note GBP, EUR all breaking yesterday low after a rally attempt earlier.

Thin vols also could exaggerate any moves.

Did a few scalps and out for now.

Going winter sailing tomorrow so probably wont re-enter. Happy New Year everyone. May we all have an obscenely successful year in 2012
I have no enemy; I make Incautiousness my Enemy.
  • #14,851
  • Dec 29, 2011 4:49am Dec 29, 2011 4:49am
Quoting jimobiwan
Auction of long-dated Italian Bonds tonight in about 2hr15min.
FRANKFURT (MarketWatch) -- Italy sold another round of government bonds Thursday, with yields falling for 2014 and 2022 debt, news reports said. Italy raised a total of around 7 billion euros ($9 billion) of various bonds. The government had planned to raise between 5 billion and 8.5 billion euros. Italy paid a yield of 5.62% to sell new three-year debt, down sharply from 7.89% in an auction last month, Reuters reported, while 10-year bonds were sold at a yield of 6.98%, down from 7.56% in a late November auction.
http://www.marketwatch.com/story/yie...me_latest_news
I have no enemy; I make Incautiousness my Enemy.
  • #14,852
  • Dec 29, 2011 4:57am Dec 29, 2011 4:57am
Quoting giantgroup
I am not at all surprised at today's price action on xau/usd. If anybody bordered to look at my last post/chart, (#14907), the bearish signal was damned too glaring. A doji forming just at the 200 SMA.
I still don't think we are yet at the optimal point to pick bottoms. The most probable direction is down for now towards 1530.

Nice call !
  • #14,853
  • Dec 29, 2011 5:06am Dec 29, 2011 5:06am
I think we have a problem here.Gold 1527...
  • #14,854
  • Dec 29, 2011 5:11am Dec 29, 2011 5:11am
Quoting forexfacts
Nice call !
Thanks fxfacts. Just closed my short from 1612. Will be interesting to see what shape today's daily candle will take. One should be nimble for now.....
  • #14,855
  • Dec 29, 2011 5:17am Dec 29, 2011 5:17am
Last low at these levels was 26SEP at 1532

next after that is 01JUL at 1477.85


Long for now at 1527 based on day range almost $40 and previous support should provide comfort for now.
I have no enemy; I make Incautiousness my Enemy.
  • #14,856
  • Dec 29, 2011 5:38am Dec 29, 2011 5:38am
weekly chart with about 2 year old price channel

this is what worries me.

http://i41.tinypic.com/imjpl3.gif

good thing my pending longs are just 0.1 and 0.05
  • #14,857
  • Dec 29, 2011 5:56am Dec 29, 2011 5:56am
Page 1000 before end of the year?Its like second christmas for Xtrade
Demand Zone is now 1458-1579
  • #14,858
  • Dec 29, 2011 5:58am Dec 29, 2011 5:58am
Did I hit page 1000?

Man this price slam is brutal.

TF's take on PMs.

http://www.tfmetalsreport.com/blog/3207/moment-truth
  • #14,859
  • Dec 29, 2011 6:13am Dec 29, 2011 6:13am
Quoting birons
Did I hit page 1000?

Man this price slam is brutal.

TF's take on PMs.

http://www.tfmetalsreport.com/blog/3207/moment-truth
a negative unemployment claims report may turn the tides
  • #14,860
  • Dec 29, 2011 6:20am Dec 29, 2011 6:20am
Quoting giantgroup
Thanks fxfacts. Just closed my short from 1612. Will be interesting to see what shape today's daily candle will take. One should be nimble for now.....

I have been waiting for the 1400s for a long time now although i made my 2 buys at 1500+ and 1700+ but am holding them, i have to do my last buy in the 1400s.

If 1410 or 1425 don't hold then there are no limits, 1400s is the time to get in from an outside investor's point of view, don't know about the major players!

And yes the market is still bull, it still has juice in it in my humble opinion.
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