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  • #13,081
  • Aug 1, 2014 9:24am Aug 1, 2014 9:24am
It hardly touch the upper band yes you are right.
  • #13,082
  • Aug 1, 2014 9:26am Aug 1, 2014 9:26am
long @ 1293, TP 1297
the approximate present does not approximately determine the future
  • #13,083
  • Aug 1, 2014 9:28am Aug 1, 2014 9:28am
Hello all i just loged in to see the market the orders closed all the longs and i just shorted the gold at 1293.10 have agreen day all (",)
Senior Trader Multi-Account Manager
  • #13,084
  • Aug 1, 2014 9:29am Aug 1, 2014 9:29am
Quoting PipsExpress
long @ 1293, TP 1297
yea good luck with that

edit: i prefer to take short once reached
I recommend you read something else as this sentence is now concluded.
  • #13,085
  • Aug 1, 2014 9:34am Aug 1, 2014 9:34am
Quoting waleed.khan
{quote} Fundamentals seem to be too choppy and mixed lately... could you have said the same about the last nfp? We had a great NFP and gold still rallied? People could say oh that was because of the war; but I don't know?
yer I don't follows fundies close enough to make an intelligent comment but was just watching the latest numbers (ISM) with positive numbers. I was expecting an almost full retrace as per norm after such a move but didn't happen, though may be yet to come. I have a horizontal TL @ 1294 but above at the current high (today) I have a few TL's at an intersection making very tough resistance to push through.

(another chart from the one posted earlier).
Attached Image
As the lights go by so too do the shadows move
  • #13,086
  • Aug 1, 2014 9:35am Aug 1, 2014 9:35am
Quoting lorix
Hello all i just loged in to see the market the orders closed all the longs and i just shorted the gold at 1293.10 have agreen day all (",)

dont forget your stop brother
  • #13,087
  • Aug 1, 2014 9:43am Aug 1, 2014 9:43am
Quoting Matts Micro
{quote} yer I don't follows fundies close enough to make an intelligent comment but was just watching the latest numbers (ISM) with positive numbers. I was expecting an almost full retrace as per norm after such a move but didn't happen, though may be yet to come. I have a horizontal TL @ 1294 but above at the current high (today) I have a few TL's at an intersection making very tough resistance to push through. (another chart from the one posted earlier). {image}

Precisely...bad nfp but good ism...hmm (what to make of that?)

I'll be happy if price retraces to the 1300-1307 range again...

GL!
  • #13,088
  • Aug 1, 2014 9:53am Aug 1, 2014 9:53am
now the stop 1298 or if the sma middle22 moves over 1295.83 on one minute chart,...whoever comes first
  • #13,089
  • Aug 1, 2014 9:55am Aug 1, 2014 9:55am
Quoting waleed.khan
{quote} Hi Mrmalik... I'm sorry to hear this also... Wish you better luck! Don't let the loss get to you... step away from the market for some time if the loss is truly great --- otherwise this will lead to revenge trading where you end up losing a lot more. Take the loss positively...by really learning what went wrong? question yourself? could it be greed? could it be overtrading? Using words like "big loss" means that your position sizes are too large. Wish you better luck next time!

Hi Brother,

thanks for the advise i am trying to learn fromy mistakes that is my second account which i hacve blown out just trying to learn from my mistakes and hope so that i will win next time tahnks for the advise anyway.

thanks,
mrmalik
MRMALIK1
  • #13,090
  • Aug 1, 2014 9:58am Aug 1, 2014 9:58am
1295.82 is the high of minute 17:50 (to know where resis. exactly)
  • #13,091
  • Aug 1, 2014 10:04am Aug 1, 2014 10:04am
Quoting mrmalik1
{quote} Hi Brother, thanks for the advise i am trying to learn fromy mistakes that is my second account which i hacve blown out just trying to learn from my mistakes and hope so that i will win next time tahnks for the advise anyway. thanks, mrmalik

No problem...

hmmm..maybe try demo trading for atleast 3 months...

It has a couple of benefits...

a) You will get confidence back... & b) It should detach you from wanting to "make money". Right now only focus on having more number of winning pips... learn to enjoy that(the process) and then you can easily transition to making money.
  • #13,092
  • Aug 1, 2014 10:04am Aug 1, 2014 10:04am
Top of todays VA (value area) currently stands at 1293, and although this may rise slightly I cannot see a finish above 1294. This is also confirmed with 1 std deviation above VWAP standing at 1294 dead.
  • #13,093
  • Aug 1, 2014 10:10am Aug 1, 2014 10:10am
just broke the major supp. on 15 min chart, having a middle under 1295.1
  • #13,094
  • Aug 1, 2014 10:16am Aug 1, 2014 10:16am
London fix was set @ 1291.25, maybe we won´t see price go down below that today, who knows.
  • #13,095
  • Aug 1, 2014 10:19am Aug 1, 2014 10:19am
last month low 1285 they should close it lower this month...i think but not sure
  • #13,096
  • Aug 1, 2014 10:26am Aug 1, 2014 10:26am
this hour range to 1292.58
  • #13,097
  • Aug 1, 2014 10:27am Aug 1, 2014 10:27am
1292.5 or below looks good for today's close, and tomorrow looking for 1288 buy or maybe 1287.
  • #13,098
  • Aug 1, 2014 10:31am Aug 1, 2014 10:31am
Is it just me or is Silver copping a beating when compared to the Gold price?

looks like the Gold Silver ratio is climbing......
  • #13,099
  • Aug 1, 2014 10:41am Aug 1, 2014 10:41am
Quoting Dafonz
Is it just me or is Silver copping a beating when compared to the Gold price? looks like the Gold Silver ratio is climbing......
im just thinking about the same thing.
I recommend you read something else as this sentence is now concluded.
  • #13,100
  • Aug 1, 2014 10:48am Aug 1, 2014 10:48am
Quoting Dafonz
Is it just me or is Silver copping a beating when compared to the Gold price? looks like the Gold Silver ratio is climbing......

it depend,from alltime high or lows of 2008
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