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All Majors and Gold

  • #5,901
  • May 15, 2013 7:16am May 15, 2013 7:16am
Quoting elisab
I have a feeling that there is someone who wants to lower the price of gold because of the need to honor its commitments. Who is retreating the gold so fast from the Americans vaults? http://www.zerohedge.com/news/2013-0...een-much-worse
Yes its a delicate balance - naked shorts lower the price while bullion is loaded up on. Then when there is a rise the paper will be bought back raising price further. Arithmetically quite complicated to exercise but I'm sure there is a computer model showing precisely the prices to target such that its all a profitable trade. My opinion is that they are using put options with relatively low premiums. What is needed is a big buyer of paper to squeeze the shorts but the buyers are sticking to physical, and that is lagging price indicator. Anyway, this certainly makes it impossible to determine which way the market can go short term.
  • #5,902
  • May 15, 2013 7:20am May 15, 2013 7:20am


Quoting EricB
{quote} Yes its a delicate balance - naked shorts lower the price while bullion is loaded up on. Then when there is a rise the paper will be bought back raising price further. Arithmetically quite complicated to exercise but I'm sure there is a computer model showing precisely the prices to target such that its all a profitable trade. My opinion is that they are using put options with relatively low premiums. What is needed is a big buyer of paper to squeeze the shorts but the buyers are sticking to physical, and that is lagging price indicator....
Wooooohooooo or Boooooohooooo
  • #5,903
  • May 15, 2013 7:23am May 15, 2013 7:23am
Quoting gnomoneey
some help please..... can someone post a fib indicator with the price next to the fib level....I keep forgetting to ask....makes life for me a little easier thanks G
All you need to do is type (%$) this next to fib level of mt4 fib indicator as pic attached
Attached Image
  • #5,904
  • May 15, 2013 7:27am May 15, 2013 7:27am
Quoting alex4xes
{quote} All you need to do is type (%$) this next to fib level of mt4 fib indicator as pic attached {image}
thanks
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  • #5,905
  • May 15, 2013 7:29am May 15, 2013 7:29am
Quoting k3nshinz3139
Closed all trades at 1409... 1410 buy zone? Bounce many times from here... Hi Gno.. Gold cannot hit 1407 when Europe & UK open.. tired I manually close all.. 2k pips
patience brother.....
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  • #5,906
  • May 15, 2013 7:33am May 15, 2013 7:33am
Quoting gnomoneey
{quote} thanks
You welcome bro
  • #5,907
  • May 15, 2013 7:40am May 15, 2013 7:40am
Quoting k3nshinz3139
Closed all trades at 1409... 1410 buy zone? Bounce many times from here... Hi Gno.. Gold cannot hit 1407 when Europe & UK open.. tired I manually close all.. 2k pips

From my experience its best to wait until US opens 9am, this way more volume, clearer pictue of bottom confidence.
"It is not enough to have a good mind; the main thing is to use it well"
  • #5,908
  • May 15, 2013 8:38am May 15, 2013 8:38am
Quoting gnomoneey
m15 range {image}
a little news noise made it go further higher then right down.....noise

anyway we are still in range.....which direction

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  • #5,909
  • May 15, 2013 8:41am May 15, 2013 8:41am
usoil update....92.75

still doing well on short for 88 area from 97
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  • #5,910
  • May 15, 2013 8:45am May 15, 2013 8:45am
drinking coffee at tim hortons and looking at the charts before meeting mommy for the day...


decision decision.....tell me what direction mrs market

http://b.vimeocdn.com/ps/260/487/2604874_300.jpg
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  • #5,911
  • May 15, 2013 8:46am May 15, 2013 8:46am
Quoting gnomoneey
{quote} a little news noise made it go further higher then right down.....noise anyway we are still in range.....which direction

She will turn higher. Another 15minutes to shake remaining suckers into a short, then she moves up. UJ weakenss, combined with gold TA shows bounce off major support.

Lets make some GREEN!
"It is not enough to have a good mind; the main thing is to use it well"
  • #5,912
  • May 15, 2013 8:47am May 15, 2013 8:47am
Quoting gnomoneey
scott whats your ew count telling you?
Hi G,

Corrective mess. Sorry, missed your question when I was here as I was thinking and not reading the posts.

I see this as first of three down waves still and then up. ND's chart was here and you can see difficulty in labeling as either larger abc or simply wave 4 of 5.

Quoting -nd-
Here is my longer term view on the gold,i really don't know is corrective wave 4 over or not, but still i want to be a buyer in commodity market {image}

CG has a new gold chart here: http://fxtechnicals.net/

We have not agreed on count but on big picture yes. Hope this helpful and not just confusing for you guys.

Scott
The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,913
  • May 15, 2013 8:48am May 15, 2013 8:48am
Quoting QuikFlipp
{quote} She will turn higher. Another 15minutes to shake remaining suckers into a short, then she moves up. UJ weakenss, combined with gold TA shows bounce off major support. Lets make some GREEN!
that's what i'm feeling also but I always play too safe and wait for other things to align...
Wooooohooooo or Boooooohooooo
  • #5,914
  • May 15, 2013 8:58am May 15, 2013 8:58am
Quoting gnomoneey
{quote} that's what i'm feeling also but I always play too safe and wait for other things to align...

I slowly avg into my positions.
"It is not enough to have a good mind; the main thing is to use it well"
  • #5,915
  • May 15, 2013 9:01am May 15, 2013 9:01am
too scared to average position....as i'm not watching on pc
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  • #5,916
  • May 15, 2013 9:02am May 15, 2013 9:02am
Quoting gnomoneey
too scared to average position....as i'm not watching on pc
Better to be safe than sorry.
"It is not enough to have a good mind; the main thing is to use it well"
  • #5,917
  • May 15, 2013 9:10am May 15, 2013 9:10am
for amateurs,

gold. switch for a moment to line chart. 1H. there you will see reversal head and shoulders forming.
if this time it will fail to make LL, then probably it will go up aprox. until 1427. there is several reasons for this point.

have a nice day.
  • #5,918
  • May 15, 2013 9:13am May 15, 2013 9:13am
Quoting samadum
for amateurs, gold. switch for a moment to line chart. 1H. there you will see reversal head and shoulders forming. if this time it will fail to make LL, then probably it will go up aprox. until 1427. there is several reasons for this point. have a nice day.

bingo brother.......when do you confirm this....and what should the plan be...

thanks

G
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  • #5,919
  • May 15, 2013 9:16am May 15, 2013 9:16am
Quoting gnomoneey
aud/usd buy 0.9896 sl 0.9850 tp 1.0180

still on schedule....whooaaa I missed stop loss

9904 now....from 9852 low
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  • #5,920
  • May 15, 2013 9:17am May 15, 2013 9:17am
Quoting gnomoneey
eur.aud buy 1.3068 tp 1.3110 sl1.3031
bad call ....sl triggered.....-37pips lost
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