Gold Daytraders

[kransky]

arco, dont think your being ignored... i'm keen to see your posts and learn your entry and exit points using these jap signals!

 

[BentRod]

Had a short triggered in Gold tonight, first one in ages.

Short from the yellow arrow @ 734.

Stop at 739.50.

 

[BentRod]

Stop to BE.

 

[arco]

Yes, same here.

Placed the order before I shut up the office.
(Took the pic shortly after placing the trade)

Amazed to see its already hit the TP (719.15)

+1200

Didnt quite expect such a large o/n fall.

rgds - arco

 

[Uncle Festivus]

Flying blind a bit without charts, but looking for a bounce from $710, so trying a long now with a tight stop. Hows the ichi's look?

 

[arco]

Flying blind a bit without charts, but looking for a bounce from $710, so trying a long now with a tight stop. Hows the ichi's look?

Uncle

5m+ time-frames are not north of the Kumo yet (although some are in zero visibility - inside the Kumo)....but theres no confirmed long signals in Ichi-land just yet..........maybe just around the corner..........watchings clouds

arco

 

[Uncle Festivus]

We've got $5 so far but strong resistance @$715 all morning - 3 times tried & failed - but looking like a break out wedge through 715 forming now, any minute perhaps

 

[BentRod]

Short from the yellow arrow @ 734.

Took half at 714 (blue arrow)

Moved stop to 726 on the rest.

PS..nice trade Arco

 

[BentRod]

Out @ 726.

 

[Uncle Festivus]

Got another wedgy happening scalpers

Break up or down, support around 720 if down?

Strong comeback to 740 earlier from the knockdown attempt to break it down past 700.

 

[acouch]

some interest..

http://arabianmoney.net/

ac

 

[barrett]

Gapping up out of a fairly tight wedge here.. looks interesting!

 

[BentRod]

yep nice break, hope your on it Barrett

 

[barrett]

yep nice break, hope your on it Barrett

would like to be but I'm waiting on a pullback. I really think I need to change from Alpari, the data are just so full of gaps that don't exist with other providers - and the volume is different to say, Norths.

Anyway.. the gold stocks are up 13% while Dow down 1%.. can't find anything in the news that would trigger this other than the usual BS "wary investors returned to safe haven buying.." haha that's a good one

 

[BentRod]

would like to be but I'm waiting on a pullback. I really think I need to change from Alpari, the data are just so full of gaps that don't exist with other providers - and the volume is different to say, Norths.

Yeah might make a nice short if it pops backs through.

Regarding the data, I only have gaps on 1m chart.(alpari Russia)

 

[Sean K]

I thought breaking $775 ish was important longer term. Nice move.

In regard to gold stocks, it's been amazing the way they've tended to move before POG recently. LGL and NCM led gold all the way down, and yesterday both up 10% or something while POG did nada. Then tonight....whoosh... tapping on $800 as I type.

 

[georgey]

Hi Kennas
Many stocks rose yesterday, banks etc. so seemed to be widespread
buying. Perhaps gold stocks still have their major move to come
Monday if gold stays around 800.
Georgey

 

[sinner]

Hi Kennas
Many stocks rose yesterday, banks etc. so seemed to be widespread
buying. Perhaps gold stocks still have their major move to come
Monday if gold stays around 800.
Georgey

Having stayed up all night watching the markets I can confirm for you that POG was rocketing up for the entire evening, while European markets continued their slump! The poor opening to the US markets barely made a dent in the breakout either...not just a matter of staying with the index!

 

[Uncle Festivus]

Gapping up out of a fairly tight wedge here.. looks interesting!

Gotta love those wedgies eh - a pretty reliable indicator for gold these few months.

I thought breaking $775 ish was important longer term. Nice move.

In regard to gold stocks, it's been amazing the way they've tended to move before POG recently. LGL and NCM led gold all the way down, and yesterday both up 10% or something while POG did nada. Then tonight....whoosh... tapping on $800 as I type.

I think if you are a big player in gold and plan to move on the futures you would also set yourself up for a move on equities as well. The last hrs trading on NCM was saying someone wanted to get on board fast? If this one has legs then NCM should finish close to the highs on Monday?

I think the longer trading view is that the DEC futures are about to explode due to delivery being exercised?

 

[Uncle Festivus]

OK, I'll have a go at it - long at $770?