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  • #11,301
  • Sep 29, 2011 1:09am Sep 29, 2011 1:09am
near 1629, t/p at 1626.50 .... start from 1608.70 this morning
  • #11,302
  • Sep 29, 2011 1:49am Sep 29, 2011 1:49am
Quoting SunTrader
Well then keep it up if that is what you believe.
I like to know what I am using not just whether it works or not.
Teach a man to fish .....
As mentioned in the past it is the floor traders pivot.
And also as mentioned in regards to your question of feedback on the numbers, I mentioned look at the whole year, skip that as it seems a bit much, for timesake just consider the past month.
  • #11,303
  • Sep 29, 2011 1:57am Sep 29, 2011 1:57am
Quoting Pbh
It's the new world though
yes it is... but biologically we're generally the same. at fourteen i had lots of zits especially if i stay up too late. unless you're one of those gifted with good skin
  • #11,304
  • Sep 29, 2011 1:58am Sep 29, 2011 1:58am
Quoting Pbh
shorting now, little position
*Forgot about the news, out of this trade
short would be good,small sl and long tp...

Im talking about 1628.07 area to entry level,but Im not go short....

waiting fellas,waiting to short accourding "waves" analysing
  • #11,305
  • Sep 29, 2011 1:59am Sep 29, 2011 1:59am
Quoting SunTrader
Well that is all well and good but how is someone else to know?
Have you seen any feedback that these numbers are being used by others at all? Not sure I understand why you post them other than a record of your own.
I use a ATR(3) to judge how far each trading day has traveled but if I were to post about it would make clear that that is my preferred choice and not the standard ATR(14). Just seems clearer that way.
This is what I was giving a response to.
I misunderstood that you were asking me how to arrive at those levels and to teach you as the teach a man how to fish principle.
I appologize.
  • #11,306
  • Sep 29, 2011 2:10am Sep 29, 2011 2:10am
gold will reach at $2000
  • #11,307
  • Sep 29, 2011 2:48am Sep 29, 2011 2:48am
Quoting Raghu_C
gold will reach at $2000
when? why?

im bullish atm but i prefer people post reasons or bring something new to the table
  • #11,308
  • Sep 29, 2011 3:45am Sep 29, 2011 3:45am
Quoting whatfx
hi

i have already closed have previously. so i have half left. originally was £10 per point (closed half at + 25). now £5 per point.

i think i will let the trade run on towards 1550. moving stop to 1615 to lock in 15 pips profit. will set a tp at 1570, whilst iam asleep if tp is hit then all fine. otherwise will monitor it tomorrow, and may move tp to 1550...

see ya all tomorrow


short from yesterday stopped out at 1615 for + 15 pips.
  • #11,309
  • Sep 29, 2011 4:40am Sep 29, 2011 4:40am
Guys open how many positions you can upside This will be money ride
  • #11,310
  • Sep 29, 2011 5:02am Sep 29, 2011 5:02am
Quoting Ravissek
Guys open how many positions you can upside This will be money ride

well how do you know. you have several buy positions open, yet market keeps on moving down. my question to you is what if the market never rises back up but keeps on falling ? what are you going to do then with your buy positions, which i assume are in very large negative territory at the moment ?

i guess you havent made a single pip profit in the last 3 weeks ?


i do believe that if market keeps on falling in the next 3 days to about 1550, there should be a bounce to the upside at that level.


how are you handling the amount you are losing so far, and it is likely you will not be able to recover that back.
  • #11,311
  • Sep 29, 2011 5:13am Sep 29, 2011 5:13am
Quoting whatfx
well how do you know. you have several buy positions open, yet market keeps on moving down. my question to you is what if the market never rises back up but keeps on falling ? what are you going to do then with your buy positions, which i assume are in very large negative territory at the moment ?

i guess you havent made a single pip profit in the last 3 weeks ?


i do believe that if market keeps on falling in the next 3 days to about 1550, there should be a bounce to the upside at that level.


how are you handling the amount you...
not much buyers stepping in. seems like the rise is mostly people covering their shorts. i believe 1500 or even 1475 is still a possibility
  • #11,312
  • Sep 29, 2011 5:22am Sep 29, 2011 5:22am
Can't post charts from here but my bias for today is bullish based on the bullish outside bars on the 4H chart for gold and silver. On my oanda feed in particular the gold BUOB is off previous support.

I don't expect much of an upmove past the UTL/previous gap area around 1660/1670 ish though if the PA plays out.
Anything can happen.
  • #11,313
  • Sep 29, 2011 6:01am Sep 29, 2011 6:01am
Quote
i do believe that if market keeps on falling in the next 3 days to about 1550, there should be a bounce to the upside at that level.

i have the same feeling!


Quote
not much buyers stepping in. seems like the rise is mostly people covering their shorts. i believe 1500 or even 1475 is still a possibility

this maybe a possibility too, lets see!

but again, Indians are happily buying at Rupees 25,000 / 10 grams, in the real world, to make jewelry and to save, its not for trade.
Keep in mind that India consumed 800 tonnes of gold out of the total 2000 tonnes sold around the world last year, so anything is possible, we may never see gold going below 1500, and we may see it, only God Almighty knows.
  • #11,314
  • Sep 29, 2011 6:16am Sep 29, 2011 6:16am
Quoting Ravissek
Guys open how many positions you can upside This will be money ride
UP ? MONEY RIDE?

Im waiting short re entry wave,bears will kill bulls
Attached Image (click to enlarge)
Click to Enlarge Name: gold waiting.gif Size: 20 KB
  • #11,315
  • Sep 29, 2011 6:38am Sep 29, 2011 6:38am
Quoting whatfx
well how do you know. you have several buy positions open, yet market keeps on moving down. my question to you is what if the market never rises back up but keeps on falling ? what are you going to do then with your buy positions, which i assume are in very large negative territory at the moment ?

i guess you havent made a single pip profit in the last 3 weeks ?


i do believe that if market keeps on falling in the next 3 days to about 1550, there should be a bounce to the upside at that level.


how are you handling the amount you are losing...
What the hell man.I am in -4% profit.So This is nothing for me.I have trading gold like a fun.And it makes me money.I dont need to make money every month.I need it only every year
  • #11,316
  • Sep 29, 2011 6:40am Sep 29, 2011 6:40am
Wave 3 is underway, immediate target 1552


http://marketvibs.blogspot.com/
  • #11,317
  • Sep 29, 2011 6:47am Sep 29, 2011 6:47am
Quoting ddinnov
Can't post charts from here but my bias for today is bullish based on the bullish outside bars on the 4H chart for gold and silver. On my oanda feed in particular the gold BUOB is off previous support.

I don't expect much of an upmove past the UTL/previous gap area around 1660/1670 ish though if the PA plays out.
About turn!
Anything can happen.
  • #11,318
  • Sep 29, 2011 6:49am Sep 29, 2011 6:49am
Quoting Ravissek
What the hell man.I am in -4% profit.So This is nothing for me.I have trading gold like a fun.And it makes me money.I dont need to make money every month.I need it only every year
Why don't you close your buys and wait until its going up again (if this ever happens) before you reopen them? Why don't you make money with shorts while it is going down? Why are you throwing your money out of the window?
  • #11,319
  • Sep 29, 2011 6:57am Sep 29, 2011 6:57am
Quoting 7bit
Why don't you close your buys and wait until its going up again (if this ever happens) before you reopen them? Why don't you make money with shorts while it is going down? Why are you throwing your money out of the window?

exactly. but each to his own i supppose. let him do whatever he wishes, that is his choice. i hope he makes money anyway.

at the moment it seems there is a price rejection around 1600. so it seems to have a tendency to the upside.

i may enter a long nearer the 1600 mark...in the meantime thinking of scalping a short to about 1600. just for a few pips. waiting for correct price to enter......but being careful as price could just shoot up.
  • #11,320
  • Sep 29, 2011 7:11am Sep 29, 2011 7:11am
short entered at 1615 for a quick scalp.
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