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Only Gold!

  • #22,981
  • Feb 17, 2015 10:08am Feb 17, 2015 10:08am
i make a pending order buy limit from 1202 targeting 1290 , is this will be a good entry or not ??

as i don`t have much experience in gold
  • #22,982
  • Feb 17, 2015 10:37am Feb 17, 2015 10:37am
Quoting sayread
i make a pending order buy limit from 1202 targeting 1290 , is this will be a good entry or not ?? as i don`t have much experience in gold
Try to understand why would you do that, is there a reason, if there is a reason for that and it's valid then just add SL below with the affordable lose.
Mining gold
  • #22,983
  • Feb 17, 2015 10:56am Feb 17, 2015 10:56am
Any reasons why gold and silver drops so big today? Silver down almost 6% today. Greece or maybe Russia stoped attacking Ukraine?
  • #22,984
  • Feb 17, 2015 11:03am Feb 17, 2015 11:03am
Quoting TriLLi
{quote} Try to understand why would you do that, is there a reason, if there is a reason for that and it's valid then just add SL below with the affordable lose.

Thx for reply

i want to do that because i read alot of Analyses said that 1200 will be a very powerful support which will lead at least to 1300

but i want to know the most possible Reflection before going to 1300
  • #22,985
  • Feb 17, 2015 11:08am Feb 17, 2015 11:08am
Quoting sayread
i make a pending order buy limit from 1202 targeting 1290 , is this will be a good entry or not ?? as i don`t have much experience in gold
If you ask, it means you are unsure so i would suggest not to take it for 2 reasons.

First one is NOBODY in here can tell you if its a good trade or not as we don't know the future, even the best traders don't.
Second one is that Gold didn't even this area, so we can't tell if its going to bounce off it or not.

I suggest you wait for the price to go there, and see what happens.

But its only a suggestion, not what you have/should do.

Good luck
COT: The precious data ignored
  • #22,986
  • Feb 17, 2015 1:39pm Feb 17, 2015 1:39pm
Quoting sayread
i make a pending order buy limit from 1202 targeting 1290 , is this will be a good entry or not ?? as i don`t have much experience in gold
Trading against the trend is like swimming against the tide.

You can do if you are strong (smart and well funded), otherwise you'll probably drown (lose).
  • #22,987
  • Feb 17, 2015 2:29pm Feb 17, 2015 2:29pm
Quoting SunTrader
{quote} Trading against the trend is like swimming against the tide. You can do if you are strong (smart and well funded), otherwise you'll probably drown (lose).
Even if you are well funded you could lose it all.

As long as he got a stop its fine though
COT: The precious data ignored
  • #22,988
  • Feb 17, 2015 2:37pm Feb 17, 2015 2:37pm
Scalp long in play... at 1209.11
  • #22,989
  • Feb 17, 2015 5:31pm Feb 17, 2015 5:31pm
Quoting kuroro001
{quote} Even if you are well funded you could lose it all. As long as he got a stop its fine though
Yeah its their money if they want to trade against, not with probabilities, who am I to tell them no don't do it.

Though in the end "the market" will.
  • #22,990
  • Feb 17, 2015 7:08pm Feb 17, 2015 7:08pm
if u r long then get putin to talk tough.
  • #22,991
  • Feb 17, 2015 8:21pm Feb 17, 2015 8:21pm
Quoting sayread
{quote} Thx for reply i want to do that because i read alot of Analyses said that 1200 will be a very powerful support which will lead at least to 1300 but i want to know the most possible Reflection before going to 1300
who knows? this is Gold, so I would not be surprised to see 1300 by the end of this week

of course, it will get 1300 sooner or later, the question is just about your proper money management
  • #22,992
  • Feb 17, 2015 9:21pm Feb 17, 2015 9:21pm
Flipped my long here to shorts...
Quoting Xxavier
Scalp long in play... at 1209.11
  • #22,993
  • Feb 17, 2015 9:53pm Feb 17, 2015 9:53pm
If go like this, maybe can get another opportunity to add short
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Trust yourself maybe will be wrong,doubt yourself absolutely will be wrong
  • #22,994
  • Feb 17, 2015 9:59pm Feb 17, 2015 9:59pm
Quoting set.han
I wonder if anyone here would kindly enlight me, is there any reason why gold price drop in this past 2 hours?
Check the charts in the first post of this thread.. you should be able to draw the answers..
Hello World!
  • #22,995
  • Feb 17, 2015 10:00pm Feb 17, 2015 10:00pm
Quoting eugenyk
{quote} who knows? this is Gold, so I would not be surprised to see 1300 by the end of this week of course, it will get 1300 sooner or later, the question is just about your proper money management
Don't mean to interrupt your convo with him.. but, that would be extraordinary & close to impossible IMO.
Hello World!
  • #22,996
  • Feb 17, 2015 10:03pm Feb 17, 2015 10:03pm
Quoting mikajap
{quote} thanks, i just closed all positions at 1208, market may range now and i see some reaction at 1205 goodluck to all
Its very calm & serene like it is after the storm..

I would favor few days of sideways zig-zag on H4.
Hello World!
  • #22,997
  • Feb 17, 2015 10:07pm Feb 17, 2015 10:07pm
On a broad level my seasonal view remains bearish until June-2015, however, after 10-15 up/down from here I expect a nice small rally..

Going forward until June, I expect PA to move like a $80-100 fall & thereafter a 50 - 80 climb.. cycles like these IMO
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Hello World!
  • #22,998
  • Feb 17, 2015 10:33pm Feb 17, 2015 10:33pm
Looks to me 1200 will hold. FOMC will decide in NY session.
Intraday only.
  • #22,999
  • Feb 17, 2015 10:39pm Feb 17, 2015 10:39pm
Quoting jasakreatif
i'm waiting blue circle area , i'm tired long at current level area {image}
so quite asian season

long in

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  • #23,000
  • Feb 17, 2015 11:00pm Feb 17, 2015 11:00pm
Quoting ClockTrader
{quote} Don't mean to interrupt your convo with him.. but, that would be extraordinary & close to impossible IMO.
as for me, words 'gold' and 'impossible' cannot be used together

well, I personally doubt of course that we see 1300 this week, but still I would not be surprised if it will happen
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