closed all positions and im out. happy to walk away with ok profit rather than giving back trying to squeeze out the rest of the move. dont really like the strong reactions it keeps giving from the zone
Now we have 2 important levels. break above the 3398 shows we still in a bull market. break bellow 3370 indicates that possibly the trend is going to change and become bearish.
Continue analyzing this tomorrow.
GOLD at 90-95 might not be a bad idea to sell for 10-15$ move again.
that was owesome move in 5 min.
Musalem is about talk so it may hit a high if i were you i will sell.
just a thought..
Good luck
The Ones who make it, are the the ones who Manage RISK
so i buy gold at 3387 should i hold or take it out
Ignored
waoo buying that is risky for me atleast.
some like risk much more then i do,
but i like to stay where my analysis stand no matter the move,
atleast for a whie i could be wrond but 70 is not far away.
good cuk
The Ones who make it, are the the ones who Manage RISK
{quote} What was the reason behind your short bias ?
Ignored
well honestly i dont have bias,
this the problem bis trading what most traders do,
looking at news reading useless articles and then midshift,
you read something you heard something you saw someone buying or selling and you start following them.
well i have done that mistakes 100's of times
anyways i dont have bias i have my analysis and ligcal reason
when i do my research i only read reports from banks institutions and those are not cheap
anyways i read them access the mand make my own analysis based on the data provided,
and then 3 questions i always ask my self,
if i get the logical answer i always on one side buy or sell.
honeslty i can't explain how i see the market but i just see it not the chart but the data
numbers always made sense to me the ncharts.
i hope that clears things up for you.
good luck
The Ones who make it, are the the ones who Manage RISK
ok guys i hope you have made some profit,
remember profit is profit if its 1$ ot 1M
just keep making them but dont do over trading,
most people dont even realize while they are over trading untill its too late and most of the time,
its hard to recover.
just a suggestion,
see you all on monday,
i had to travel tomorrow, but i am addicted to trading mostly futures but i still love sopt i mean forex.
so if saw a good setup i will post,
i know not many will miss me if any,
just reminding my self, what good this website did for me, and hopefully you will find someone who have enough experience to make you understand how and why the pairs move the way they do.
its never random i can tell you that for sure.
Again be careful its weekend and positions adjustments from big players can cause moves with out reason and it can be frustrating sometimes,
Good luck guys.
have a Nice day.
The Ones who make it, are the the ones who Manage RISK
After reading my friend @pip.sinper now i feel i agree with him while looking in bigger picture
i have attached daily chart if you look there is daily reversal candel that is not letting the price to go up .
so i also feel there is chance of big fall
Is there any explanation why 3390 is so "special"? I can almost hear bears saying to bulls: "if you dare to break this level, I will make sure you feel the pain"
Insight will be highly appreciated