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- SilverKnight replied Oct 21, 2010
$1300 here we come!!! — Looks like it's going to reach $1300 after all... but boy was I wrong on the timing!!! Oh well... better late than never -SilverKnight
- SilverKnight replied Oct 13, 2010
Doing well, Caught a few pips tearing up my 1 min chart, but I'm skeptical on holding a long position for any length of time as I see a divergence forming, so I'm going to see what transpires over the next few hours. -SilverKnight
- SilverKnight replied Oct 12, 2010
No not long yet. -SilverKnight
- SilverKnight replied Oct 12, 2010
Stop triggered @ $1,357.00. -SilverKnight
- SilverKnight replied Oct 12, 2010
My Stops... — My stops are set just above the previous highs around $1,356-57.00 -SilverKnight
- SilverKnight replied Oct 12, 2010
No, I don't actually! I never make a trading decision based on fundamental information from news. I always trade based on market reactions. If the news was bullish, I don't trade until I see if the market is going to go bullish or bearish. I didn't ...
- SilverKnight replied Oct 12, 2010
Hourly Close — Gold closed a bit above the $1,350 level with a long wick to the top side and low volume(which is characteristic of this time of day). Short bias is still on with a double up thrust being posted on the hourly chart. Cheers, ...
- SilverKnight replied Oct 12, 2010
There is always a chance of anything... — There is always a chance of anything... the important question is... What is most probable? I'm sticking with my shorts... nothing has changed as far as I can see. Cheers, -SilverKnight
- SilverKnight replied Oct 12, 2010
Hourly Close — Okay, so the hourly candle closed below the $1,350.00 level and price is still setup to go short. We had very high volume(obviously because of the news) with a high-wave(upside and downside wick) candle being printed. Cheers, ...
- SilverKnight replied Oct 12, 2010
Relative term that! — If you call $8 a big rejection... okay then... but I would have to see about a $15 bullish rejection off of a key level by the close of the day to agree with you. Just My Opinion! With respect, -SilverKnight
- SilverKnight replied Oct 12, 2010
I understand! — I hear ya mate! Keeping your cool is the number 1 way to stay consistent and profitable! I've made way too many decisions on an emotional whim in the past and payed very dearly for it. Even when price is moving against you, it ...
- SilverKnight replied Oct 12, 2010
... — My advice is, Don't let the volatility get to you... that's news for ya... I usually don't make decisions unless the candle closes on the time frame I'm trading, unless there is a big break in one direction... just sit tight. All will be ...
- SilverKnight replied Oct 12, 2010
Retest of 50SMA — So, we've got a retest of the 50-SMA and the important $1,350 level... nothing very big going on yet though. -SilverKnight
- SilverKnight replied Oct 12, 2010
Fed Minutes released! — Okay, they are out... hmm... not much going on yet... we shall see! -SilverKnight
- SilverKnight replied Oct 12, 2010
Fed Minutes — 10 minutes to fed meeting minutes release! -SilverKnight
- SilverKnight replied Oct 12, 2010
Fed Minutes — Getting a bit of a breakdown ahead of the Fed's minutes release. -SilverKnight
- SilverKnight replied Oct 12, 2010
Hourly Close — Another hourly close below the 21-EMA, wicks to the upside. 21-EMA clearly below 50-SMA now, with 100-SMA going flat. Hold tight mates! -SilverKnight
- SilverKnight replied Oct 12, 2010
Chart update — Here is an update on what I see. -SilverKnight image
- SilverKnight replied Oct 12, 2010
Hold Fast! — Hold tight for now mate, I'm sure we will see more down side soon. Things are lining up. Cheers, -SilverKnight
- SilverKnight replied Oct 12, 2010
Forex factory calendar — Looking at the economic calendar, it seems as though the Fed's meeting minutes which should be released later today, might provide some impetus for more movement. That could be what the market is waiting on. DOW ...