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- speedster239 replied Aug 11, 2010
Sorry about that. I've been posting most of my gold analysis on my blog recently. I'll continue to post on this thread from now on.
- speedster239 replied Jul 19, 2010
If sell prices rises to 1196 I'm going to pull the trigger for a longterm short. -Vaughan
- speedster239 replied Apr 28, 2010
Lesson learned kids, don't ever trade against the trend in the 4H charts.
- speedster239 replied Apr 28, 2010
I'm in a bad trade right now. I sold at 1155.40 right as the price was driving up. I figured it was going to stop at the resistance level. It was a poor trade because I went against the overall trend on the four hour charts designated by a 14 period ...
- speedster239 replied Apr 27, 2010
Here's my current outlook. Everything is explained on the graphic. The trade I've made: Sell limit at 1155.50, take profit at 1152.70 (previous low) and stop loss at 1160.10 (previous high).
- speedster239 replied Apr 26, 2010
This turned profitable on Friday. I'll be back on here later to post thoughts about where gold is headed later.
- speedster239 replied Apr 16, 2010
Wow, gold just dumped.
- speedster239 replied Apr 16, 2010
Here's my current outlook and present trade I just entered. Everything is explained in the graphic. EDIT: I should note that I did not enter the trade at the price level you see in the graphic. It is always wise to wait for the sell off before the ...
- speedster239 replied Apr 15, 2010
Tech niche, My broker doesn't allow hedging and only offers spot contracts. My spreads are also a bit high, so hedging with spot contracts would be inefficient.
- speedster239 replied Apr 15, 2010
Well, the price did hit my original take profit level. I'm alright with the fact that I took premature profits, however, because I still feel it was a smart decision. I've been in many situations where I was adamant about letting the price hit my ...
- speedster239 replied Apr 15, 2010
I exited my buy at 1155.80 as opposed to 1158 (my original take profit level) because it appears like the price has found some resistance at a bearish resistance line I felt might be defining itself. It may break, through...or it may fall back down. ...
- speedster239 replied Apr 15, 2010
I just entered a buy at 1153.50 and I'm expecting to take profits around 1158. I will stop my loss at 1145 if necessary. The MACD indicates oversold conditions, the fast moving average is flattening and poised to move up through the slow moving ...
- speedster239 replied Apr 14, 2010
Price dropped at 16:00GMT + 2 (open of US stock market) as I expected. Now I'm curious to see where the price goes from here.
- speedster239 replied Apr 14, 2010
I just barely peaked into the profitable zone for the trade I made two days ago and I was able to take minimal profits. I'm glad I was able to learn a good lesson and not take a loss at the same time. This is definitely not a time to enter a trade. ...
- speedster239 replied Apr 13, 2010
I made a poor entry at the peak of activity around 17:00 GMT+2 yesterday. This was a poor decision because the fast moving average had not flattened out and the trade itself was made in a time of high volume. Most of my trades are entered in the ...
- speedster239 replied Apr 12, 2010
Here's my current outlook: The fast moving average has moved down through the slow moving average and indicates oversold conditions. The MACD also indicates oversold conditions and the volume pattern should repeat itself. The price will either ...
- speedster239 replied Apr 8, 2010
Here's my current outlook. I'd like to note that the peaks of volume or "tick movement" activity are almost always, consistently, 24 hours apart from one another. With that said, the next "rise in activity" (movement towards a peak) can simply be ...
- speedster239 replied Apr 8, 2010
Thanks Sim, Feel free to join us in our gold trading escapades.
- speedster239 replied Apr 8, 2010
url My thoughts on high probability trades regarding trading in favor of the well-defined one hour/four hour trend.
- speedster239 replied Apr 5, 2010
Here's my analysis. I have to go, so I can't write a text explanation here, but the graphic is self-explanatory if you've read my others.