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- 152 Results (1 Thread , 151 Replies )
- Gumrai replied Oct 23, 2013
So you post an optimised backtest with an extremely low modelling quality. Look at the posted image at the top of the graph. " A very crude method based on the least nearest timeframe THE RESULTS MUST NOT BE CONSIDERED"
- Gumrai replied Jun 1, 2013
I think that with most brokers, value of 1 lot is 100 ounces, so a trader should always check as they could be risking 100 times more than they realise.
- Gumrai replied May 28, 2013
Gold M15 What I am seeing is a period of ranging, there was a break-out below the range earlier that proved to be a fakey. Now we have had a break-out of the top of the range with a strong bullish candle followed by a weak bullish candle with a long ...
- Gumrai replied May 23, 2013
I did not pick one out of hundreds. That was early in your thread and possibly the very first chart that you labelled a candle as engulfing. You may well have posted hundreds of examples after that time, but as they did not exist when I made the ...
- Gumrai replied May 23, 2013
I assume that you are referring to my post in your thread at url When I pointed out that you referred to an engulfing candle on this chart image Surely you can see that it is not exactly the same? The candle that you point at does not engulf ...
- Gumrai replied May 23, 2013
Candle 2 engulfs candle 1 Not only is it a japanese engulfing candle it is also a western engulfing bar
- Gumrai replied May 23, 2013
Rejection at resistance on H1 chart Nice bearish engulfing pattern candle with the recently closed candle. Looking for a break of the low of this bearish candle to go short. Will see what happens as the bulls have fought back in the first 5 minutes ...
- Gumrai replied May 22, 2013
Reading PA is a discretionary art and so PA traders may make different decisions when looking at the same chart. Personally, looking at your chart, I cannot see any PA that suggests a short at that time would be a good idea. Sometimes PA is obvious, ...
- Gumrai replied May 22, 2013
Stopped with a 38 pip profit
- Gumrai replied May 22, 2013
I entered a long position at the arrow on the M15 chart I entered at the break of the candle with the arrow. As I entered manually price had dropped a bit in my favour. Price had been rejected at a resistance level that now appeared to be acting as ...
- Gumrai replied May 17, 2013
Following on from previous posts M30 chart Price unable to break above bearish trendline Candle 1 a bullish candle but no follow through. Candle 2 an indecisive doji Candle 3 unable to break the high of the previous 2 candles, Bearish candle with a ...
- Gumrai replied May 17, 2013
I am out with a paltry 9 pip profit. Now looking at shorts
- Gumrai replied May 17, 2013
Price is stalling and unable to break the bearish trend line. I will be out of this trade soon, I thinkl
- Gumrai replied May 17, 2013
H1 chart. When I see a strong bearish candle such as prior to candle 1 with no apparent follow through, I pay attention. Candle 1 with the long upper shadow shows that the bulls tried to assert themselves but failed Candle 2 made a 2 candle double ...
- Gumrai replied May 14, 2013
Looking at H1 chart. There has been no real sense of direction so far this week. Seeing the long lower shadow of the last completed candle at support, I am waiting to see if the bulls can follow through and capitalise on what could be bearish ...
- Gumrai replied May 9, 2013
Possible rejection at the next support level. Moving SL to BE+ If it can break this level, long way to next proper support
- Gumrai replied May 9, 2013
This may seem a little odd as the 2 blue lines on my H1 chart show a clear range. It's odd because I am entering a short position at the bottom of the range withaout waiting for a clear break-out. Looking to the left, I see that price is moving ...
- Gumrai replied May 8, 2013
Been busy with other things and when I have been able to look at the chart, not seen anything to comment on. Price is ranging again, so hope to be at my screen if an opportunity arises at the high or low area.
- Gumrai replied May 7, 2013
Maybe you could post an example of how you calculate your costs? With 1 lot a 10 cent move in the price of gold will result in $10 profit or loss. Typical spread is 50 cents, so the cost of the spread is $50 on 1 lot. But with some brokers, spread ...
- Gumrai replied May 7, 2013
It's not totally clear to me what you are saying. If I understand correctly, you knew that your open positions were losing and that if they lost more, you would get a margin call. Knowing that you barely had enough in your account to cover the ...