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  • #9,121
  • May 26, 2014 4:03pm May 26, 2014 4:03pm
im not staying up for another hour, zoink
laters frietzak and other fellow traders
  • #9,122
  • May 26, 2014 4:07pm May 26, 2014 4:07pm
Quoting Verve
{quote} Yes they have different providers or one main source like currenex who have selected providers, think of it like packages, depending on how much money the brokerage has will depict the service and variety of providers. Thus small time brokerages have worse spreads cos they can only afford a few providers or choose a cheap package, of course spread is also wider to protect themselves and for other reasons.. lets see xau now
Ah, that makes sense. I wonder who is guilty when your stop loss is triggered, but your broker does not yet provide the data. In my case, my broker closed the market before the manipulation took place. So in theory, I did not have the chance to respond to the move.

What are your findings on this?

btw, sleep well Verve & it was nice talking to you.
  • #9,123
  • May 26, 2014 6:02pm May 26, 2014 6:02pm
Quoting devang
is it true? {image}
no, my two broker show 1293.2 and 1294.8.
  • #9,124
  • May 26, 2014 6:33pm May 26, 2014 6:33pm
Attached Image (click to enlarge)
Click to Enlarge Name: gold-d1.gif Size: 31 KB


Gold will break trendline if flat price continue.
  • #9,125
  • May 26, 2014 6:38pm May 26, 2014 6:38pm
Quoting nicefirework
{image} Gold will break trendline if flat price continue.
Hi Nicefirework,

Do you expect it to break to the upside or the downside?

Best regards,

Frietzak
  • #9,126
  • May 26, 2014 6:44pm May 26, 2014 6:44pm
Quoting frietzak
{quote} Hi Nicefirework, Do you expect it to break to the upside or the downside? Best regards, Yen Kalfsvel
Since beginning of this year we are in up trend as shown in trend line, price action try hard to maintain the trend. If price continue flat trendline will break and down trend start.
  • #9,127
  • May 26, 2014 8:56pm May 26, 2014 8:56pm
Quoting devang
is it true? {image}
many brokers showed that including instaforex, look like a big dog placed an order with USA closed and low liquidity thats normal,
then it went to the right price, i traded that spike, very quick profits.
  • #9,128
  • May 26, 2014 8:58pm May 26, 2014 8:58pm
Quoting acidguy
{quote} many brokers showed that including instaforex, look like a big dog placed an order with USA closed and low liquidity thats normal, then it went to the right price, i traded that spike, very quick profits.
icmatket show short to 1285. Many brokers show spike up.
  • #9,129
  • May 26, 2014 9:01pm May 26, 2014 9:01pm
*_*
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-05-26-22-00-35.png Size: 558 KB
  • #9,130
  • May 26, 2014 9:07pm May 26, 2014 9:07pm
Quoting hongment
{quote} icmatket show short to 1285. Many brokers show spike up.
thats called "Low Liquidity".
  • #9,131
  • May 26, 2014 9:56pm May 26, 2014 9:56pm
Quoting hongment
{quote} icmatket show short to 1285. Many brokers show spike up.
Oanda did not have any although I would it to spike up to 1300 as I have TP there...
  • #9,132
  • May 27, 2014 12:02am May 27, 2014 12:02am
Long on a whim, high risk for retrace.
A genius is born every minute, me I am lucky if my socks match.
  • #9,133
  • May 27, 2014 12:06am May 27, 2014 12:06am
Quoting whackdiddy
Long on a whim, high risk for retrace.
I should clarify, it is a high risk trade. But a small chance for a retrace.
A genius is born every minute, me I am lucky if my socks match.
  • #9,134
  • May 27, 2014 1:07am May 27, 2014 1:07am
Quoting whackdiddy
{quote} I should clarify, it is a high risk trade. But a small chance for a retrace.
i think a very easy trade is put a buy order around $1274 tp $1284.5 then go to sleep, and a pending order around $1300-$1304 tp $1290, if anything goes bad there is big chance to escape both positions.
  • #9,135
  • May 27, 2014 1:08am May 27, 2014 1:08am
Okay, I am stacked long.
4 x 1.0 long entries.

We are very close to the bottom of the wedge and if it holds we should see bull movement from here back to the 1296 level on UK session open.
If it breaks we are in for a major downplay.

So SL set at 1285.55 to protect from breaking the wedge.
A genius is born every minute, me I am lucky if my socks match.
  • #9,136
  • May 27, 2014 1:13am May 27, 2014 1:13am
50-day SMA is still above 100-day SMA and 200-day SMA. Moreover, 100-day SMA has also started moving above 200-day SMA. Hence, short to medium-term prospects for Gold seems bullish. A move back above $1300 mark could easily lift the yellow metal to surpass $1310 trendline resistance towards $1330 horizontal resistance. However, a break below a trendline support, $1278 could possibly negate the bullish outlook.
Attached Image (click to enlarge)
Click to Enlarge Name: golddaily 27052014.png Size: 9 KB
  • #9,137
  • May 27, 2014 1:13am May 27, 2014 1:13am
Quoting whackdiddy
Okay, I am stacked long. 4 x 1.0 long entries. We are very close to the bottom of the wedge and if it holds we should see bull movement from here back to the 1296 level on UK session open. If it breaks we are in for a major downplay. So SL set at 1285.55 to protect from breaking the wedge.
Bad practice I know but SL adjusted to 1280.85 - margin is fine to carry the trade.
A genius is born every minute, me I am lucky if my socks match.
  • #9,138
  • May 27, 2014 1:14am May 27, 2014 1:14am
Quoting whackdiddy
Okay, I am stacked long. 4 x 1.0 long entries. We are very close to the bottom of the wedge and if it holds we should see bull movement from here back to the 1296 level on UK session open. If it breaks we are in for a major downplay. So SL set at 1285.55 to protect from breaking the wedge.
what i see is breakout to the downside.
  • #9,139
  • May 27, 2014 1:22am May 27, 2014 1:22am
Just closed my short manually, it bounce off near the bottom trend line. But the bounce doesn't seems strong, opportunity to revisit or break downwards.
Attached Image (click to enlarge)
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The only winner is the one who survive the longest...
  • #9,140
  • May 27, 2014 1:23am May 27, 2014 1:23am
Quoting acidguy
{quote} what i see is breakout to the downside.
Yep, I am seeing it, putting all my trust in ichi at the moment and prepared for it to bite me big time or reward me bigger time.
H4 on ichi is telling me it will go back to the 1296 level, before we head down again. So playing a trade if you like to call it that. Do not follow me!!
A genius is born every minute, me I am lucky if my socks match.
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