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Trading Gold with PA

  • #201
  • Apr 19, 2013 5:59am Apr 19, 2013 5:59am
Hi Gumrai,

I removed it, I just posted a gold trade only which I follow...Sorry
  • #202
  • Apr 19, 2013 6:13am Apr 19, 2013 6:13am
Quoting hariusa72
Hi Gumrai, I removed it, I just posted a gold trade only which I follow...Sorry
If you have made a trade or see a set-up that is priced purely on PA, then feel free to post.
If MACD, RSI, Stochastics or any other similar indicator/oscillator has influence on taking a trade, then this is not the place to post.
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  • #203
  • Apr 19, 2013 6:26am Apr 19, 2013 6:26am
Quoting Gumrai
I should also point out that I may have noticed this correlation and I think that I understand why it happens, I have not been able to find a way to use it to improve my trading.
Well, that was just the extra hint for Long yesterday.
It is happening today, as well.

But, since it is Friday, and I am already in a couple other trades,
I do not get into GOLD.
Trade the facts, not opinions.
  • #204
  • Apr 19, 2013 6:42am Apr 19, 2013 6:42am
H1 Has broken up from the trading range.
Bears have taken price back down to the break-out but as yet seeing of signs of the bulls pushing back.
Time for me to shut down anyway.
I have absolutely no idea where the market will go from here.

Attached Image (click to enlarge)
Click to Enlarge Name: gold h1 19 april.gif Size: 20 KB
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  • #205
  • Apr 22, 2013 6:54am Apr 22, 2013 6:54am
Entered Long this morning based on H4 PA and the Zone.
One of those "let's see how high it goes".
Last time I looked it was doing pretty fine!
Then, when I came back, I closed in a hurry.
Anyway, +56 Pips ain't bad!
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm15.png Size: 72 KB
Trade the facts, not opinions.
  • #206
  • Apr 23, 2013 3:04am Apr 23, 2013 3:04am
M15 chart.
Not the perfect trade set-up, but they often aren't on M15.
However, enough boxes ticked for me to enter short.
Guess I am also getting fidgety as haven't entered a trade for so long
Attached Image (click to enlarge)
Click to Enlarge Name: gold 23 april.gif Size: 21 KB
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  • #207
  • Apr 23, 2013 4:00am Apr 23, 2013 4:00am
Quoting Gumrai
M15 chart. Not the perfect trade set-up, but they often aren't on M15. However, enough boxes ticked for me to enter short. Guess I am also getting fidgety as haven't entered a trade for so long {image}
Well that one didn't work out, price shot up and took me out, was looking good for a while.
Oh well, can't win them all.
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  • #208
  • Apr 23, 2013 5:36am Apr 23, 2013 5:36am
Price shot up, but still didn't get near the day high.
Until that high is broken, I'm still tending towards siding with the bears, for today at least.
Candle 4 was a bearish candle, but the long lower shadow suggest caution
Candle 5 hardly penetrated into the body of candle 4 and when I saw the low of candle 4 broken, I re-entered short.
Price has moved enough to allow me to move my SL to a little better than BE

Attached Image (click to enlarge)
Click to Enlarge Name: gold 23 april 2.gif Size: 21 KB
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  • #209
  • Apr 23, 2013 5:41am Apr 23, 2013 5:41am
To be honest, this short position is just about at the level where it covers the loss from my previous trade.
That losing trade should be out of my mind now, but I must admit that I am tempted to close the trade and be able to close my trading day at break-even.
I have to put that out of my mind.
I had a losing trade and so now move on and not allow previous losses to push me to exit a position prematurely
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  • #210
  • Apr 23, 2013 6:02am Apr 23, 2013 6:02am
Moved SL to lock in some profit, but will probably close soon as it is nearing the time that I shut down for the night

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  • #211
  • Apr 23, 2013 12:31pm Apr 23, 2013 12:31pm
Starting to follow gold a little . nobrainer short on the hourly. know what you mean about being the lone white face... am in the Philipines regularly now ...
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  • #212
  • Apr 23, 2013 1:47pm Apr 23, 2013 1:47pm
Quoting decades
Starting to follow gold a little . nobrainer short on the hourly... {image}
Yes, that was a good set-up.
The last trade that I posted was the same move on M15, so got me in early.
Unfortunately, being too eager to move my stop, I was out too early as well
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  • #213
  • Apr 24, 2013 6:33am Apr 24, 2013 6:33am
What I am seeing on M15 chart
Had a range (turquoise square)
Break-out below range.
Price moved down but basically formed another range
Strong bullish move that went above the previous range, but bearish pinbar suggests lack of follow through.
Almost totally bearish candle that followed the pinbar indicates that we could see good bearish follow through and worth a short co9nsiderin the possible good R/R
Attached Image (click to enlarge)
Click to Enlarge Name: gold m15.gif Size: 16 KB
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  • #214
  • Apr 24, 2013 6:46am Apr 24, 2013 6:46am
Quoting Gumrai
What I am seeing on M15 chart Had a range (turquoise square) Break-out below range. Price moved down but basically formed another range Strong bullish move that went above the previous range, but bearish pinbar suggests lack of follow through. Almost totally bearish candle that followed the pinbar indicates that we could see good bearish follow through and worth a short co9nsiderin the possible good R/R {image}
Didn't work out, but we have to have some losses. Don't worry about it and move on to the next tarde
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  • #215
  • Apr 26, 2013 4:14am Apr 26, 2013 4:14am
Although I see the overall trend as up, the most recent move has been predominately down.
Had a spinning top doji that appeared at a S/R level.
Next candle was bearish almost shaven bottom and made a 2 bar double top
I entered short at the close as it gave an opportunity with a tight SL

Attached Image (click to enlarge)
Click to Enlarge Name: gold m15 26 april.gif Size: 15 KB
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  • #216
  • Apr 26, 2013 4:28am Apr 26, 2013 4:28am
Not good follow through, so moving SL to BE +

Attached Image (click to enlarge)
Click to Enlarge Name: gold m15 26 april 2.gif Size: 15 KB
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  • #217
  • Apr 26, 2013 4:44am Apr 26, 2013 4:44am
What I am seeing now is that price is being rejected at the top of a previous range.
If I don't see a decisive move down, I will close my position

Attached Image (click to enlarge)
Click to Enlarge Name: gold m15 26 april 3.gif Size: 15 KB
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  • #218
  • Apr 26, 2013 4:52am Apr 26, 2013 4:52am
No momentum and I am out with 13 pips profit. Didn't want to see this trade go into loss

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  • #219
  • Apr 26, 2013 4:57am Apr 26, 2013 4:57am
Quoting Gumrai
No momentum and I am out with 13 pips profit. Didn't want to see this trade go into loss {image}
GBP/USD
  • #220
  • Apr 26, 2013 6:14am Apr 26, 2013 6:14am
Quoting deepak925
{quote}
Why the rasperry??
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