A sudden large sell cluster has just appeared slightly above 1260, this could be the trigger to the continuation of the overall bear trend.
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Just an update, that large cluster above 1260 has disappeared, seems it was just a hedge fund placing a large order in case PA hit, but then removed the order. I still do expect PA to go down further though.
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Nightfish
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Hi 848evo, would you mind explaining where you can see cluster appearing and disaperaing?
GeorgeJimas
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He's making them up, he's short at 1262 so he's praying that people sell near there. Gold hit 1271 just now...No sell clusters...
848evo
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Ok, I'm getting really sick of your pure stupidity. First off, ok, let's just assume for the sake of argument that you are right, i'm "making them up" just so people will sell there. Do you REALLY think that having a few extra retail traders sell at MY points is going to make market move in that direction? If you do, you are truly beyond stupid. Go ask ANY REAL trader is your point even makes any logical sense.
You clearly have no idea how the market works or even what a cluster represents as part of the market. You are clearly not a real money trader and from I see, you are just going around trolling.
GeorgeJimas
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That's what I don't get, there's no way retail traders are going to help bring down the price of gold, so why are you making up clusters? Is it ego?
I mean everyone is free to do their own analysis, but to simply make up things to what, trick people into losing money? That is messed up.
The proof is in the pudding though, your update from 12 hours ago stating that "the sell cluster magically disappeared", was oddly right around the same time that gold went through 1260 with no issues. Funny how you updated these imaginary "sell clusters" right after you were proved wrong.
848evo
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Once again, this goes back to what I was saying about how YOU do not have an understanding of what a cluster is. Let me put this in the easiest way possible for you: Let's say YOU put a very large pending order at say 1260, then when I get the data in from my hedge fund sources, I will now see a cluster suddenly appear at 1260. Then market doesn't move in the direction you want, so you decide to delete the pending order you had placed, now guess what, when I get a refresh of the data, that cluster is now suddenly GONE. Is it starting to make sense yet?
GeorgeJimas
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"hedge fund sources" is exactly what I'm questioning...
848evo
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I frankly don't care what you question, you have already proved over and over again that you have absolutely no idea what is going on. But you are clearly a very blunt individual, so once again, let me put this in very very easy to understand terms for you: IF YOU DO NOT BELIEVE ME OR LIKE MY IDEAS, THEN LEAVE! I DON'T CARE!
GeorgeJimas
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I wouldn't even know who you are if you didn't spew your nonsense on the chat.
Hopefully you put a stop loss and kept your losses to the minimum. We should all be on the same side here trying to make money.
Goodluck.
848evo
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"Nonsense"...lol, so because of YOUR lack of understanding, my charts are nonsense...ok. This actually shows a lot about you as a person, instead of asking for help or explanation of how to properly read the chart or what a cluster is, here is your very first comment to me:
"Why did you lie about there being clusters in the 40's, had people listened to you, they could have lost money. Stop making up clusters because you're in a bad short."
And then you continue to harass me calling me a liar and making up clusters without ever having a clear understanding of my charts. This clearly shows not jut the type of person you are, but also the age group you are in.
And if you had actually bothered to pay any real attention to what I was saying in chat instead of trolling, you would have seen I had entered at 1265 and I had clearly stated I had B/E set at 1265 just in case PA gained strength and broke to the upside and I recommended anyone following me to do the same. So we had an entry at 1265 with a potential downside target of 1200, but worse case scenario, PA does not go in our favor and we B/E and look for a new entry.
GeorgeJimas
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Yes my lack of understanding caused me to long NUGT when gold was in the low 50's...
You're being very aggressive man, maybe trading isn't for you? Take up knitting, it's a lot less stressful.