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  • #14,201
  • Aug 14, 2014 2:26am Aug 14, 2014 2:26am
Quoting Czaray
Waiting to see if it breaks the trendline, but that spike south makes me wonder if they cleared out some orders and will charge back down, because spikes tend create a magnet. No direction...just some thoughts. {image}
Looks like you are getting your break there
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  • #14,202
  • Aug 14, 2014 2:33am Aug 14, 2014 2:33am
Quoting moneymove
Morning. Buy @1312.5 TP 1320
SL to 1313.5

Bounce exactly at Daily R1. Would she break it?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 47 KB
That which does not kill us makes us stronger
  • #14,203
  • Aug 14, 2014 2:35am Aug 14, 2014 2:35am
Quoting moneymove
{quote} SL to 1313.5
Wauw, impresses.

Guess you know your stuff, i better pay more attention to your posts.
  • #14,204
  • Aug 14, 2014 2:36am Aug 14, 2014 2:36am
I would wait until NY morning to see how far Bulls can go....

I hope I can sell more from the highs.. hope my strategy allows...
Hello World!
  • #14,205
  • Edited 3:04am Aug 14, 2014 2:53am | Edited 3:04am
Quoting heispark
I was working and missed a good potential 25 pipper: {image}
Got entry at pull-back. My entry was a bit late (again, due to work) and I decided to close at +23 pips. I am not greedy and don't like deep pull-back which gold often has. Seeing 4H momentum, it may go up much higher about until previous week high.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-14_16-50-00.png Size: 47 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #14,206
  • Aug 14, 2014 2:54am Aug 14, 2014 2:54am
Quoting moneymove
{quote} SL to 1313.5 Bounce exactly at Daily R1. Would she break it? {image}
I'm not exactly good at news events, but this spike up seems to be triggered by the news coming out of Ukraine, whether this would last, I'm not sure. currently holding 4 shorts at 1316, 1315, 1314, 1313 respectively.
  • #14,207
  • Aug 14, 2014 2:58am Aug 14, 2014 2:58am
Quoting moneymove
{quote} SL to 1313.5 Bounce exactly at Daily R1. Would she break it? {image}
I am of opinion that should the 1H close above 1315.51, we might see a decent attempt at that R1 level...
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  • #14,208
  • Aug 14, 2014 2:59am Aug 14, 2014 2:59am
Quoting froglicker
Good afternoon everyone! Closed my 3 shorts from 1308-1309-1310 to 1306 as of yesterday night, didnt hold long enough to ride the downspike. {quote} I hear you man. Working right now, not tooo much time to look at charts, and also not a fan of setting stops. Just got back from a meeting, wanted to get a short in @ around 1313, but was too late. hopefully it'll come back up just long enough for me to take a shot at it. By the way, what indi/system are u using? seems to be pretty interesting.
Well, I have to say I am a TMS (Trade Made Simple) trader with some tweaks. Anyway, that's not important. The picture below explains everything about the trading. 20-25 pips per day (40-50% montly capital gain) can easily be achieved by understanding the following picture I believe.
Attached Image
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #14,209
  • Aug 14, 2014 2:59am Aug 14, 2014 2:59am
Quoting Spiritwalker
{quote} I am of opinion that should the 1H close above 1315.51, we might see a decent attempt at that R1 level...
Seems that it'll be closing there right about now
  • #14,210
  • Aug 14, 2014 3:00am Aug 14, 2014 3:00am
Closed @ 1316.76... Now sit back and watch that R1 line...
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  • #14,211
  • Aug 14, 2014 3:04am Aug 14, 2014 3:04am
Quoting froglicker
{quote} I'm not exactly good at news events, but this spike up seems to be triggered by the news coming out of Ukraine, whether this would last, I'm not sure. currently holding 4 shorts at 1316, 1315, 1314, 1313 respectively.
I'm not trading news to. I'm 90% technical, mainly price action and S & D. I tend not to use too many indicators, the less the better.

closed 1/2 position at 1317, move SL to 1314.5.

Lets see what happen next.
That which does not kill us makes us stronger
  • #14,212
  • Aug 14, 2014 3:05am Aug 14, 2014 3:05am
my stop loss for my longs is 1300...no tp
  • #14,213
  • Aug 14, 2014 3:05am Aug 14, 2014 3:05am
Important levels for me to clear is 1317.74 and 1322.16, which are last Friday's and this Tuesday's highs respectively...
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  • #14,214
  • Aug 14, 2014 3:07am Aug 14, 2014 3:07am
Quoting Spiritwalker
Closed @ 1316.76... Now sit back and watch that R1 line...
Hope she behave nicely, and not suddenly plummet
That which does not kill us makes us stronger
  • #14,215
  • Aug 14, 2014 3:10am Aug 14, 2014 3:10am
Quoting moneymove
{quote} I'm not trading news to. I'm 90% technical, mainly price action and S & D. I tend not to use too many indicators, the less the better. closed 1/2 position at 1317, move SL to 1314.5. Lets see what happen next.
mostly about the same here. I have 2MAs and just a few trendlines that a re-plot at the beginning of my day.
Still holding my shorts, SL at 1318, but considering moving a tad higher, just to weather the news.
  • #14,216
  • Aug 14, 2014 3:11am Aug 14, 2014 3:11am
Hehehehe... A plummet is always possible... Hell, if there's one constant fact in trading, it's that anything is possible, and nothing is fixed... But lets hope she behaves like a proper lady today...
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  • #14,217
  • Aug 14, 2014 3:16am Aug 14, 2014 3:16am
Quoting Spiritwalker
Hehehehe... A plummet is always possible... Hell, if there's one constant fact in trading, it's that anything is possible, and nothing is fixed... But lets hope she behaves like a proper lady today...
you can only hitch a skirt so high before it slides down her smooth, slender legs
anyway, whoever rides the right wave, may the pips be in your favor.


Quoting heispark
{quote} Well, I have to say I am a TMS (Trade Made Simple) trader with some tweaks. Anyway, that's not important. The picture below explains everything about the trading. 20-25 pips per day (40-50% montly capital gain) can easily be achieved by understanding the following picture I believe. {image}
my daily take in is about 20-ish pips on average, but small lots, mind you. Performance from past 3 weeks is around 15%-ish. looking to improve.
Will definitely take a look at the TMS thread here on FF, which is where I think I'll find it, no?
  • #14,218
  • Aug 14, 2014 3:20am Aug 14, 2014 3:20am
Before the small run, there was a decent fight between the bulls and the bears... And now they are fighting again... Outcome soon available... Haha!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Bulls Bear Fight.png Size: 16 KB
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  • #14,219
  • Aug 14, 2014 3:23am Aug 14, 2014 3:23am
Guys watch out today and tomorrow are crucial days as per all past history 14 and particular 15 august ... CT will be able to put more light on it ... 15 August has been start day of a bull run for atleast a week to fortnight always in past few years
  • #14,220
  • Aug 14, 2014 3:34am Aug 14, 2014 3:34am
Quoting Mave
{quote} What if the 3rd candle making a new high/low closes a within the price of the first? Is this a method to trade the retraces, if not, how do you enter? What is the other sma to cap the making of 2nd wave?
Its not a proven method yet, as cycles can be hard to read.
Its not a retrace method but rather continuation, so as price breaks higher for a third wave enter trade.
Settings: 5simple ma, s2, 5simple ma s2 thats it.
I look for new wave after a down / up trend, then each pull back over 5sma is a refresh and once new range (this is where needs testing, as in some cases it need not be a new high as previous high could be excessive) Anyway ill share another strategy later today, this one is not fun who likes trading 1 min !?!
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