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  • #12,921
  • Nov 8, 2011 11:45pm Nov 8, 2011 11:45pm
Quoting stevebalmmer
hello,
I have a question.
I have micro acount account, trade 0.01 lot.
How can I calculate him how much are worth 100pips?
I think 0.01 lot PA move 1600 to 1601/100 pips gives you 1$ loss/profit
  • #12,922
  • Nov 9, 2011 12:01am Nov 9, 2011 12:01am
i hope gold go to a new high.My entry is 1789,13

Quoting RitalinFX
I would first like to say Hello to Xtrade and others. I have been following this thread for a couple of months now and would really like to thank Xtrade for starting it, it is a great idea. I am still new to forex and i have just opened a live account and trading micro lots. I have been using a demo for about half a year now and I use the H4 timeframe and up and Heikin Ashi candles.

Here is what I see.

Gold is coming down for a correction to about 1760 before moving up for the 3rd wave to a new high.

http://imageshack.us/photo/my-images/838/xau1.jpg/...
  • #12,923
  • Nov 9, 2011 1:44am Nov 9, 2011 1:44am
Quoting dogbreath
I have a set a couple of buy limits on the 1hr chart on support 2 and 3.

1772.80 and 1763 respectively.

Both have a 600pip($6) trailing stop.

Still have a few negative buys riding above the current price of 1793.

hitting the sack...will see what has transpired in the mornin
cut losses.
  • #12,924
  • Nov 9, 2011 6:56am Nov 9, 2011 6:56am
i got +15 pips on my short earlier on.

now waiting for the next trade....
  • #12,925
  • Nov 9, 2011 7:56am Nov 9, 2011 7:56am
Why is it so calm here today????
Are everybody keeping shorts????
  • #12,926
  • Nov 9, 2011 8:24am Nov 9, 2011 8:24am
Bernanke about to speak
Anything can happen.
  • #12,927
  • Nov 9, 2011 9:54am Nov 9, 2011 9:54am
hello,
look at the 3 wickeds on my tf h4 chart.Gold is at the range, we must above the 1806.?
Attached Image (click to enlarge)
Click to Enlarge Name: forex gejordan.gif Size: 21 KB
  • #12,928
  • Nov 9, 2011 11:00am Nov 9, 2011 11:00am
id like to know whats everyones reason to go long on gold ??Seems ridiculous to buy at such high prices even for speculation reasons.There are problems in EU now but most of them are bloated by the media,i see it could rise up to 1830,but nothing to support it higher.
  • #12,929
  • Nov 9, 2011 11:05am Nov 9, 2011 11:05am
i think they are investors and therefore couldnt care less for intraday movements and more on the long term for it is an investment.

well thats what i think
Have I got something on my face, SOLDIER?
  • #12,930
  • Nov 9, 2011 11:22am Nov 9, 2011 11:22am
Gold Will Hit $2,400 Bubble: Jim Rogers

http://www.cnbc.com/id/45220369
  • #12,931
  • Nov 9, 2011 11:47am Nov 9, 2011 11:47am
Quoting stevebalmmer
hello,
I have a question.
I have micro acount account, trade 0.01 lot.
How can I calculate him how much are worth 100pips?
It would be $1....becuase each pip is 1c or 1 penny.
Life's a bitch....so be a dog and cover it!
  • #12,932
  • Nov 9, 2011 11:52am Nov 9, 2011 11:52am
Quoting fawaol
cut losses.
Eehhh...I normally leave my buys open....I have calculated my margin call down at 1300 with the current buys open.....so have enough equity to ride it out until gold goes up again.

So rather than take the loss....I just ride it out.
Life's a bitch....so be a dog and cover it!
  • #12,933
  • Nov 9, 2011 11:58am Nov 9, 2011 11:58am
Quoting RitalinFX
I would first like to say Hello to Xtrade and others. I have been following this thread for a couple of months now and would really like to thank Xtrade for starting it, it is a great idea. I am still new to forex and i have just opened a live account and trading micro lots. I have been using a demo for about half a year now and I use the H4 timeframe and up and Heikin Ashi candles.

Here is what I see.

Gold is coming down for a correction to about 1760 before moving up for the 3rd wave to a new high.

http://img838.imageshack.us/img838/6480/xau1.jpg...
I think that is a good analysis....I have found the fibs to be the most powerful of all the indicators...nice to see them on your chart.
Personally....I don't put as much weight on the waves...but they definitely are a factor.
Nice post
Life's a bitch....so be a dog and cover it!
  • #12,934
  • Nov 9, 2011 12:00pm Nov 9, 2011 12:00pm
Quoting bumapatria
i think they are investors and therefore couldnt care less for intraday movements and more on the long term for it is an investment.

well thats what i think
I wouldnt argue with that,if it wasnt that gold already hit its 20 percent estimated return for 10 years time :/
  • #12,935
  • Nov 9, 2011 12:12pm Nov 9, 2011 12:12pm
Quoting pinkiaiii
I wouldnt argue with that,if it wasnt that gold already hit its 20 percent estimated return for 10 years time :/
thats why i dont really like gold especially when i wanna short ! , but seems a good investement or even day trader!

just need to find broker for good spreads
Have I got something on my face, SOLDIER?
  • #12,936
  • Nov 9, 2011 12:42pm Nov 9, 2011 12:42pm
Most of the major currencies are all in a race to hell - from week to week they just change positions - as long as this game stays in play GOLD / SILVER will keep finding support for rallies and most likely to new highs.
  • #12,937
  • Nov 9, 2011 12:53pm Nov 9, 2011 12:53pm
Quoting SunTrader
Gold Will Hit $2,400 Bubble: Jim Rogers

http://www.cnbc.com/id/45220369
I dont care about famos people talking about trading and investing.
Everybody knows gold will reach 2000 and 2400.It will 5000$.
And nobody knows what year it will happen.
I think gold will rise more percentaly per year.
Like around 25-50% faster than year before.
  • #12,938
  • Nov 9, 2011 1:23pm Nov 9, 2011 1:23pm
Quoting Ravissek
I dont care about famos people talking about trading and investing.......
Don't read it then.

For the most part I don't either but I do value Jim Rogers opinion just a little more than yours since he has made BILLIONS and not just lunch money.

  • #12,939
  • Nov 9, 2011 1:27pm Nov 9, 2011 1:27pm
damn sunt thats harsh ... lol

he made billions? damn.

i wanna go long gold! hehe...

well its tough now, i just shorted the abcde in pennant and i might lock buy soon
Have I got something on my face, SOLDIER?
  • #12,940
  • Nov 9, 2011 1:29pm Nov 9, 2011 1:29pm
what going on? 1770 again after big drop... its a good time for long or short ?
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