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- Pirin replied Feb 6, 2010
That hurt like a bitch, I've never lost 3500 € in a single day before ... and all this within few hours while I was away.... damn, it's the first time I close a gold position with a loss and I'm trading it for more than 3 years now, the emotional ...
- Pirin replied Feb 3, 2010
As you can see, there is a very nice way to exploit the trend using the RSI(14) on the hourly chart by selling when overbought and reopening the position after the retrace.
- Pirin replied Feb 2, 2010
I wouldn't advice you to do anything, it's a choice you have to make on your own. We are officially still in a downtrend on both weekly and daily charts, and as you have surely heard "The trend is your friend", so there is a high probability that I ...
- Pirin replied Feb 2, 2010
I'm expecting a consolidation around 1134 - 1150 on weekly basis. Closed the 1080 order in 1103 after the hourly chart started to look overbought, and reopened at 1101 , currently with + 740 pips. So far : + over 3000 pips. Not bad for 2 days, I ...
- Pirin replied Feb 1, 2010
I meant that inflation plays a role when when the economy is going up, so that was future related. Of course every other sign of fear in the markets will cause the same reaction with gold, every bank that goes insolvent causes an investor to search ...
- Pirin replied Feb 1, 2010
you may start with these correlations, they can prove themselves quite helpful sometimes url
- Pirin replied Jan 30, 2010
When you think about gold you shouldn't be thinking about GDP, the leading indicator about gold is inflation. With the rise of the CPI the gold will follow, no matter what Obama or Bernanke are planning to do next. If you have 1 $ in the market and ...
- Pirin replied Jan 29, 2010
Judging by recent daily PA, I would tend taking the bullish side. A long trade from 1080,25 to 1170(TP). After all USD gains are a question of time. The currency is condemned to be depreciated in the following months.
- Pirin replied Jan 23, 2010
I haven't traded gold for a long time, was waiting for this dip, I wouldn't sell with a target under $1000. I'll put limit buy orders on $1000, $925 and $875 with a TP $1065 and $1175. What do you guys have in mind ?
- Pirin replied Dec 7, 2009
I might start buying gold once we reach 1080. I do not expect it to fall under $1000 anymore. The uptrend is still solid.
- Pirin replied Dec 2, 2009
I've always been with a bullish sentiment about gold, with a special love for daily and weekly retraces. It's a very powerful move and we'll probably have a bit more of it, before having a powerful retrace, but my advise is, if you aren't long yet - ...
- Pirin replied Nov 25, 2009
Sell at 1185.80 -> 1167,55 first target and 1151,55 second target
- Pirin replied Oct 28, 2009
This is the reason I don't use stop losses.
- Pirin replied Oct 14, 2009
nope, every trade of mine is a 0,5 % of my free margin so with a 1:50 leverage it will take at least 50 000 pips against me to even consider the possibility that a margin call can be triggered (if it was a non-hedged position). I've been building ...
- Pirin replied Oct 9, 2009
love that chart but seriously, gold can be traded to the downside when you want to catch the retracement .... and retracements are usually safer even than following the trend.
- Pirin replied Oct 7, 2009
I've been trading gold for 3 years now and never had a trade closed with a loss I don't thing that this one will be the exception.
- Pirin replied Oct 7, 2009
ain't it a bitch ... it doesn't want to retrace, one mighty trend ...
- Pirin replied Oct 7, 2009
Retracement : sell @ 1040.62, target -> 1030.95 ,1000 pips
- Pirin replied Sep 29, 2009
haha , you read my mind, i enjoy reading the apocalypse scenarios as well. what was the AUD/$ - XAU/$ correlation and how does it look in the last weeks, does anyone have the percents?
- Pirin replied Sep 26, 2009
I'll be buying the supports - 992, 960, 930 if we get there.