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All Majors and Gold

  • #2,181
  • Jan 4, 2013 7:51am Jan 4, 2013 7:51am
Quoting chamoknet
I am long at 1638.oo
Be careful. I don't like the 15m candle
Wooooohooooo or Boooooohooooo
  • #2,182
  • Jan 4, 2013 8:01am Jan 4, 2013 8:01am
Can you please tell me the reason and may i see your chart please? thanks
  • #2,183
  • Jan 4, 2013 8:03am Jan 4, 2013 8:03am
4H chart --- Hammer ??? what it means ??
  • #2,184
  • Jan 4, 2013 8:04am Jan 4, 2013 8:04am
Quoting chamoknet
Can you please tell me the reason and may i see your chart please? thanks
Last candle about 7min into it looked like a drop was going to happen but it change a popped green.
No charts sorry on iPhone only

But h4 is looking bullish
Also resistance from bottom of Xmas week is coming 1648-1670
Wooooohooooo or Boooooohooooo
  • #2,185
  • Jan 4, 2013 8:07am Jan 4, 2013 8:07am
Quoting chamoknet
4H chart --- Hammer ??? what it means ??
If you are leveraged high and have $6 gain then take it or else trust your system and reasoning for taking the trade
Wooooohooooo or Boooooohooooo
  • #2,186
  • Jan 4, 2013 8:13am Jan 4, 2013 8:13am
i am in profit--- 80 pis ? shold i close ? as i am not well exprienced ..
  • #2,187
  • Jan 4, 2013 8:21am Jan 4, 2013 8:21am
Quoting chamoknet
i am in profit--- 80 pis ? shold i close ? as i am not well exprienced ..
Hi Chamoknet,

Depends on what timeframe your trading on. Currently, on the 1 hour chart, it looks like its heading towards the 38.2% retracement (1652.11).

Depends if you want to hold it.

Pip Singh
  • #2,188
  • Jan 4, 2013 8:28am Jan 4, 2013 8:28am
Quoting Pip Singh
Hi Chamoknet,

Depends on what timeframe your trading on. Currently, on the 1 hour chart, it looks like its heading towards the 38.2% retracement (1652.11).

Depends if you want to hold it.

Pip Singh
hmmm ... But isn't d retrace should be 50 or 61 % ??? what your opinion ?


@ pip singh ?? are you from INDIA ?
  • #2,189
  • Jan 4, 2013 8:47am Jan 4, 2013 8:47am
Quoting gnomoneey
here it is on this post

http://www.forexfactory.com/showthre...31#post6163931
If this indeed goes to 2000, will have to buy Luis's time machine.
  • #2,190
  • Jan 4, 2013 8:57am Jan 4, 2013 8:57am
Quoting lexazver
If this indeed goes to 2000, will have to buy Luis's time machine.
2000 will be a comformation for buyyyyy.....
  • #2,191
  • Jan 4, 2013 9:08am Jan 4, 2013 9:08am
Yes, the 50/61 % is retrace but for a quick scalp, I would suggest to exit at the 38.2% mark.

In fact its held as resistance on the 1 hour chart so far.

I'm from the UK.

Pip Singh

Quoting chamoknet
hmmm ... But isn't d retrace should be 50 or 61 % ??? what your opinion ?


@ pip singh ?? are you from INDIA ?
  • #2,192
  • Jan 4, 2013 9:09am Jan 4, 2013 9:09am
Today got 200+ pips on gold.. Exit long from 52 and short from 51... at 1 lot .. gain 40 $...
  • #2,193
  • Jan 4, 2013 9:10am Jan 4, 2013 9:10am
Quoting Pip Singh
Yes, the 50/61 % is retrace but for a quick scalp, I would suggest to exit at the 38.2% mark.

In fact its held as resistance on the 1 hour chart so far.

I'm from the UK.

Pip Singh


hmm-- i exit at 52...


Thanks
  • #2,194
  • Jan 4, 2013 9:13am Jan 4, 2013 9:13am
That's great. So you exited at the 38.2% level 1652?

Pip Singh

Quoting chamoknet
hmm-- i exit at 52...


Thanks
  • #2,195
  • Jan 4, 2013 9:15am Jan 4, 2013 9:15am
Quoting Pip Singh
Hi Chamoknet,

Depends on what timeframe your trading on. Currently, on the 1 hour chart, it looks like its heading towards the 38.2% retracement (1652.11).

Depends if you want to hold it.

Pip Singh
Gold is reversing from previous support 1652 area. We are now 1648. More downside?
If you think you can or cannot do it you are correct
  • #2,196
  • Jan 4, 2013 9:22am Jan 4, 2013 9:22am
Yea, defiantly reversing. Next major support is the monthly at 1631.

Pip Singh

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-01-04 at 15.21.22.jpg Size: 143 KB




Quoting Olu
Gold is reversing from previous support 1652 area. We are now 1648. More downside?
  • #2,197
  • Jan 4, 2013 9:28am Jan 4, 2013 9:28am
Quoting gnomoneey
Also resistance from bottom of Xmas week is coming 1648-1670
As suspected resistance holding strong
Wooooohooooo or Boooooohooooo
  • #2,198
  • Jan 4, 2013 9:31am Jan 4, 2013 9:31am
nice call on bearish for the week gnomoneey........I really thought it would climb. I am flat presently. Made some pips tho
  • #2,199
  • Jan 4, 2013 10:20am Jan 4, 2013 10:20am
Quoting Luis Carlos
I see 1649.60 was the high

1630/25 then 2000
Surgical Precision - excellent projections - Hats off to you. To go long here at this point what kind of SL would you recommend? Thanks for sharing
In The End It is Always OK. If It Is Not OK Then It Is Not The End.
  • #2,200
  • Jan 4, 2013 10:40am Jan 4, 2013 10:40am
Watching S2 ...... If broken then it may fall again... isn't it ?
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