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  • #6,661
  • Apr 10, 2014 4:49am Apr 10, 2014 4:49am
Quoting samalmoore
{quote} I actually didn't think to place an order.... I normally trade only while staring at my computer, something I'm slowly trying to change!!! I've set a buy limt for 1316.5 (Just above new support) with SL at 1313 TP 1330...
its always better to trade with limit or stop orders...as you can easily trade breakouts and catch momentum...

market orders once triggered can go either way....
  • #6,662
  • Apr 10, 2014 4:54am Apr 10, 2014 4:54am
Quoting waleed.khan
{quote} its always better to trade with limit or stop orders...as you can easily trade breakouts and catch momentum... market orders once triggered can go either way....
But yeah I guess those numbers are fine...for the short term...
  • #6,663
  • Apr 10, 2014 4:59am Apr 10, 2014 4:59am
Anyone expect a breakout of 1325 in this leg???
  • #6,664
  • Apr 10, 2014 5:03am Apr 10, 2014 5:03am
Quoting ClockTrader
{quote} Well said mate. While it may continue to climb, but, it doesn't make sense to buy here. Yet, if anyone wants to, trade very very light.
HERE COMES OUR CELEBRITY!!, hoorayy...welcome back
  • #6,665
  • Apr 10, 2014 5:05am Apr 10, 2014 5:05am
Quoting uncletrumpet
{quote} HERE COMES OUR CELEBRITY!!, hoorayy...welcome back
speak of the devil!
  • #6,666
  • Apr 10, 2014 5:05am Apr 10, 2014 5:05am
Quoting waleed.khan
Anyone expect a breakout of 1325 in this leg???
Bears are waiting there for a pullback, we shall be playing here till US session. Its risky to enter any long now.
  • #6,667
  • Apr 10, 2014 5:08am Apr 10, 2014 5:08am
Quoting uncletrumpet
{quote} Bears are waiting there for a pullback, we shall be playing here till US session. Its risky to enter any long now.
Feel the same...but the way this market has been going up I wouldn't be surprised if we hit 1350 today!
  • #6,668
  • Apr 10, 2014 5:08am Apr 10, 2014 5:08am
Quoting waleed.khan
{quote} speak of the devil!
Let us be polite and be LOVING...
  • #6,669
  • Apr 10, 2014 5:10am Apr 10, 2014 5:10am
Quoting waleed.khan
{quote} Feel the same...but the way this market has been going up I wouldn't be surprised if we hit 1350 today!
5 years ago market of gold could move 600 pips in a day...but nowadays..200/250
  • #6,670
  • Apr 10, 2014 5:10am Apr 10, 2014 5:10am
Quoting uncletrumpet
{quote} Let us be polite and be LOVING...
lol
  • #6,671
  • Apr 10, 2014 5:15am Apr 10, 2014 5:15am
Quoting uncletrumpet
{quote} 5 years ago market of gold could move 600 pips in a day...but nowadays..200/250
Very true...but ever since the gold came above the 50sma; volumes have increased....and a lot of it is speculative...and if things become worse; i would expect similar 600 pip movements...
  • #6,672
  • Apr 10, 2014 5:18am Apr 10, 2014 5:18am
Edit: Good RR trade if anyone wants to try....

Buy GBPUSD: Now 1.678
SL: 1.675
TP: Could be Massive with a good break of 1.68

We are right up against resistance in place since 2008.

Risky trade but well worth it if it works out
  • #6,673
  • Apr 10, 2014 5:28am Apr 10, 2014 5:28am
Quoting samalmoore
Edit: Good RR trade if anyone wants to try.... Buy GBPUSD: Now 1.678 SL: 1.675 TP: Could be Massive with a good break of 1.68 We are right up against resistance in place since 2008. Risky trade but well worth it if it works out
how much higher can gbp go...its gonna fall out of my comp screen...lol

Anyways guys...its way past my bedtime. i'm gonna snooze for a lil while until us opens...

cheers to all and happy trading! "protect you profits"
  • #6,674
  • Apr 10, 2014 5:28am Apr 10, 2014 5:28am
Quoting samalmoore
Edit: Good RR trade if anyone wants to try.... Buy GBPUSD: Now 1.678 SL: 1.675 TP: Could be Massive with a good break of 1.68 We are right up against resistance in place since 2008. Risky trade but well worth it if it works out
Hi r sure about GBPUSD?

I trade on 15min TF and i dont c any signal 4 buy..., so If it go up what is the target of it?
  • #6,675
  • Apr 10, 2014 5:29am Apr 10, 2014 5:29am
The next pivot point target for bullish is 133x. It seem extreme bullish for a day if 133x hit. Hard to trad atm when we see the bull run without major pull back.
  • #6,676
  • Apr 10, 2014 5:32am Apr 10, 2014 5:32am
Quoting namaus
The next pivot point target for bullish is 133x. It seem extreme bullish for a day if 133x hit. Hard to trad atm when we see the bull run without major pull back.
I think this might be the pull back.... from here 1317 and 1312 (as some of us have been discussing)

cheers! GL
  • #6,677
  • Apr 10, 2014 5:36am Apr 10, 2014 5:36am
Quoting Iraniatrader
{quote} Hi r sure about GBPUSD? I trade on 15min TF and i dont c any signal 4 buy..., so If it go up what is the target of it?
Not sure at all my friend!!

The only reason I take this trade is because IF it does go up, it should be goood and as the previous support on this current move upwards is not very far away, the SL is quite manageable.....
  • #6,678
  • Apr 10, 2014 5:41am Apr 10, 2014 5:41am
Quoting samalmoore
{quote} Not sure at all my friend!! The only reason I take this trade is because IF it does go up, it should be goood and as the previous support on this current move upwards is not very far away, the SL is quite manageable.....
Ok, so is it good to have pending Long order on 1.6800 ?

what is the target?
  • #6,679
  • Apr 10, 2014 5:52am Apr 10, 2014 5:52am
Quoting Iraniatrader
{quote} Ok, so is it good to have pending Long order on 1.6800 ? what is the target?
I don't have a target, I will see how it travels for the next few hours....

I prefer to get in a little bit earlier so if it does reach that point and pull back, I'm still in a little profit. To me PA looks like it will reach 1.68 so that's what makes this trade quite risky, no great technical setup...

However, news at 12:00 will probably be exactly as forecast, not much room for change on this. There's virtually no chance of worse figures, but on the very small chance that the news is better than expected, we will push up through this resistance and go to the moon
  • #6,680
  • Apr 10, 2014 5:58am Apr 10, 2014 5:58am
Quoting samalmoore
{quote} I don't have a target, I will see how it travels for the next few hours.... I prefer to get in a little bit earlier so if it does reach that point and pull back, I'm still in a little profit. To me PA looks like it will reach 1.68 so that's what makes this trade quite risky, no great technical setup... However, news at 12:00 will probably be exactly as forecast, not much room for change on this. There's virtually no chance of worse figures, but on the very small chance that the news is better than expected, we will push up through this resistance...
Sorry friend I'm a beginner in forex, I need help about finding the new and the exact time that they can effect plz guide me...

Whats the news? how can I find it? is the effect of that on Gold too?

THANKS
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