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  • #8,161
  • May 6, 2014 8:59am May 6, 2014 8:59am
Quoting aeternum
{quote} TP 1250?
Lets talk about TP after 1 - 2 days.
Hello World!
  • #8,162
  • May 6, 2014 9:01am May 6, 2014 9:01am
Quoting ClockTrader
{quote} Lets talk about TP after 1 - 2 days.
Daily for both Silver and Gold does not seem to want to go down. But I don't see 1250.. Maybe 128x.. Maybe I'm wrong cause of all my bad hedges.
A 1 pip gain is better than a 1 pip loss.
  • #8,163
  • May 6, 2014 9:03am May 6, 2014 9:03am
Quoting aeternum
{quote} TP 1250?
Why not wait until NY 12 pm first and be sure what we are talking about?
Hello World!
  • #8,164
  • May 6, 2014 9:06am May 6, 2014 9:06am
1280's seems probable short term with good u.s. economic data. Long term though with the Ukraine election coming up and hostilities increasing a bull stance seems promising.
  • #8,165
  • May 6, 2014 9:06am May 6, 2014 9:06am
Quoting ClockTrader
{quote} Why not wait until NY 12 pm first and be sure what we are talking about?
Sure thing sir
A 1 pip gain is better than a 1 pip loss.
  • #8,166
  • May 6, 2014 9:06am May 6, 2014 9:06am
continuously news of tension from Ukraine is coming but Gold is not behaving similar as it did last time on Crimea referendum..

any guess why ?
P.S. Trade with the discipline of Money Management and Risk Management.
  • #8,167
  • May 6, 2014 9:09am May 6, 2014 9:09am
Quoting farukh
continuously news of tension from Ukraine is coming but Gold is not behaving similar as it did last time on Crimea referendum.. any guess why ?
Why even follow News?
Hello World!
  • #8,168
  • May 6, 2014 9:13am May 6, 2014 9:13am
Looks like the Aussie dollar has some strong correlation with gold today in my opinion.
Luck has no place in trading. Leave that for the poker table.
  • #8,169
  • May 6, 2014 9:16am May 6, 2014 9:16am
Quoting farukh
continuously news of tension from Ukraine is coming but Gold is not behaving similar as it did last time on Crimea referendum.. any guess why ?
Just my opinion on monthly chart, price already create new low. To turn sentimen from bearish to neutral price need to go above monthly high 1331.
  • #8,170
  • May 6, 2014 9:20am May 6, 2014 9:20am
Quoting farukh
continuously news of tension from Ukraine is coming but Gold is not behaving similar as it did last time on Crimea referendum.. any guess why ?
I think because gold has had a decent run up in 3 days from 127x level to 1315; it will probably retrace, move side ways and go higher until may 25.... which is when ukraine will have its election and us is gonna reevaluate sanctions....

Today the other currencies are catching up to gold it seems... as they did not move as much as gold in the past few days! today gold is having a rest...probably gonna close on an inside candle and continue up tomorrow!
  • #8,171
  • May 6, 2014 9:23am May 6, 2014 9:23am
Quoting ClockTrader
{quote} Why even follow News?
u r right mate. i stopped following news and working quite well recently but after last NFP got so much confused. Right now can't figure out the behavior, bearish or bullish.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #8,172
  • May 6, 2014 9:24am May 6, 2014 9:24am
For now its a sell but it wouldn't go way down so we'll ahve to wait a while more. Cheers!
  • #8,173
  • May 6, 2014 9:25am May 6, 2014 9:25am
Toooo volatile in a 2 $ range, I'd be cautious and patient.
Hello World!
  • #8,174
  • May 6, 2014 9:31am May 6, 2014 9:31am
Quoting farukh
{quote} u r right mate. i stopped following news and working quite well recently but after last NFP got so much confused. Right now can't figure out the behavior, bearish or bullish.
Dont sweat it man... Even the greatest in the business are finding it hard these days!

http://www.businessinsider.com/ptj-o...-2014-5#!JwiAC
  • #8,175
  • May 6, 2014 9:35am May 6, 2014 9:35am
Quoting waleed.khan
{quote} Dont sweat it man... Even the greatest in the business are finding it hard these days! http://www.businessinsider.com/ptj-o...-2014-5#!JwiAC
Nice input. Gold has been moving sideways on daily and H4, by the time the trend is exposed it takes a U turn. Like I've said earlier, last couple of weeks been rough, not been able to make money :-( let alone killing.

PS: Looking forward to following Golden Seasons by next month-end.
Hello World!
  • #8,176
  • May 6, 2014 9:40am May 6, 2014 9:40am
Quoting ClockTrader
Toooo volatile in a 2 $ range, I'd be cautious and patient.
Looks like I'll get rewarded for being cautious there, when it got too volatile between 1306 <--> 1304,

now @ 1307, H1 bar green, been watching like a hawk.
Hello World!
  • #8,177
  • May 6, 2014 9:42am May 6, 2014 9:42am
Quoting ClockTrader
{quote} Nice input. Gold has been moving sideways on daily and H4, by the time the trend is exposed it takes a U turn. Like I've said earlier, last couple of weeks been rough, not been able to make money :-( let alone killing. PS: Looking forward to following Golden Seasons by next month-end.
Tell me about it!

I think the most valuable lesson I've learned as a swing trader...is this: "When the 50 ema on the daily becomes flat <STOP TRADING> and wait until it catches a direction and tilts... Just abiding by this can make one save so much money!

Knowing this and abiding by this is a whole different story! "trade light" is probably the best solution!
  • #8,178
  • May 6, 2014 9:45am May 6, 2014 9:45am
Quoting waleed.khan
{quote} Tell me about it! I think the most valuable lesson I've learned as a swing trader...is this: "When the 50 ema on the daily becomes flat <STOP TRADING> and wait until it catches a direction and tilts... Just abiding by this can make one save so much money! Knowing this and abiding by this is a whole different story! "trade light" is probably the best solution!
Trading light is the key, no doubt about that. Like I say: "Love and respect MM like your Mom", else go home.

Trend can be your friend only if its there.
Hello World!
  • #8,179
  • May 6, 2014 9:52am May 6, 2014 9:52am
Quoting ClockTrader
{quote} Looks like I'll get rewarded for being cautious there, when it got too volatile between 1306 <--> 1304, now @ 1307, H1 bar green, been watching like a hawk.
Possible pinbar hammer on the hrly??

I'm still actually waiting for 1295-1300 as that would be a healthy retracement which is long over due....
  • #8,180
  • May 6, 2014 10:03am May 6, 2014 10:03am
Quoting waleed.khan
{quote} Possible pinbar hammer on the hrly?? I'm still actually waiting for 1295-1300 as that would be a healthy retracement which is long over due....
Right now bullish sentiment on M5 and M15, hope it peaks out soon.

Given the current scenario, buying somewhere around 1280-90 may be the key IF it falls and reaches there and IF timing supports. Its too early to talk about all that. Right now it needs to peak out on M5 and M15
Hello World!
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