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All Majors and Gold

  • #5,481
  • May 3, 2013 7:47am May 3, 2013 7:47am
Quoting Yuri57
$1456 Cover! $30 is enough for now.

You've got some balls my man LOL
Nice trade though....that couldve gone against you 8/10 times so good job.
"It is not enough to have a good mind; the main thing is to use it well"
  • #5,482
  • May 3, 2013 7:50am May 3, 2013 7:50am
IMO for gold

If the price in gold goes to 1465-1470 then bull is still in charge.
Lower than that then bear in charge next week

I'm out for the rest of the morning.

Good job Yuri....stay firm on your plan
Wooooohooooo or Boooooohooooo
  • #5,483
  • May 3, 2013 7:52am May 3, 2013 7:52am
Quoting gnomoneey
IMO for gold If the price in gold goes to 1465-1470 then bull is still in charge. Lower than that then bear in charge next week I'm out for the rest of the morning. Good job Yuri....stay firm on your plan
There is a gap that needs to be closed before continuing down further.
"It is not enough to have a good mind; the main thing is to use it well"
  • #5,484
  • May 3, 2013 7:55am May 3, 2013 7:55am
HI Quikflipp got ur pm appreciate ur comments bro
GBP/USD
  • #5,485
  • May 3, 2013 7:58am May 3, 2013 7:58am
Quoting deepak925
HI Quikflipp got ur pm appreciate ur comments bro

Sup Bro!? Of course my man.

Whats your approach here?

Also, what setups do you look at ?
"It is not enough to have a good mind; the main thing is to use it well"
  • #5,486
  • May 3, 2013 8:03am May 3, 2013 8:03am
Quoting QuikFlipp
{quote} Sup Bro!? Of course my man. Whats your approach here? Also, what setups do you look at ?
I do scalping bro so i change my approach as per PA..This is how my set-up looks like bro.
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GBP/USD
  • #5,487
  • May 3, 2013 8:06am May 3, 2013 8:06am
Hello everyone,

Caught the move. Posting reason for overall still bearish outlook and downside trades.

Was looking for more but closed.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,488
  • May 3, 2013 8:09am May 3, 2013 8:09am
Quoting deepak925
{quote} I do scalping bro so i change my approach as per PA..This is how my set-up looks like bro. {image}

Im just starting to get back into scalping. Ive been doing more say trades than anything, but a few scalps here n there.

Added you to my bro list
"It is not enough to have a good mind; the main thing is to use it well"
  • #5,489
  • May 3, 2013 8:35am May 3, 2013 8:35am
Hi G, thankyou for you reply earlier. Much Appreciated

The NFP report caused somewhat of a downspike. I have an open short position at 1467.xx , should I keep it or is Mrs. Market going to target the 148x region again? What's the best strategy here?
  • #5,490
  • May 3, 2013 9:39am May 3, 2013 9:39am
Looking like she wants back to 1480. We shall see.

Green pips around!
"It is not enough to have a good mind; the main thing is to use it well"
  • #5,491
  • May 3, 2013 11:26am May 3, 2013 11:26am
Quoting Bilawal
Hi G, thankyou for you reply earlier. Much Appreciated The NFP report caused somewhat of a downspike. I have an open short position at 1467.xx , should I keep it or is Mrs. Market going to target the 148x region again? What's the best strategy here?
What was reason for your trade?
What is your exit plan?

It's been ranging 1441-148x last few days.
It's either way.

What I don't like about the NFP today is the revision, I Find it unussualy high.
Lets see what bs happens next month?
Wooooohooooo or Boooooohooooo
  • #5,492
  • May 3, 2013 11:29am May 3, 2013 11:29am
Quoting gnomoneey
{quote} What was reason for your trade? What is your exit plan? It's been ranging 1441-148x last few days. It's either way. What I don't like about the NFP today is the revision, I Find it unussualy high. Lets see what bs happens next month?

Good advice G.

Have a good weekend.

Looking forward to Sat night.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,493
  • May 3, 2013 11:43am May 3, 2013 11:43am
Im done watching for the day. Capping of te week with a decent profit, always a good hing.

Cheers to an extremely green week nextweek to all!

"It is not enough to have a good mind; the main thing is to use it well"
  • #5,494
  • May 3, 2013 12:32pm May 3, 2013 12:32pm
i think cyprus going to sell its gold about 16 ton today its holding market.........what you think guys
  • #5,495
  • May 3, 2013 12:37pm May 3, 2013 12:37pm
Quoting gnomoneey
{quote} What was reason for your trade? What is your exit plan? It's been ranging 1441-148x last few days. It's either way. What I don't like about the NFP today is the revision, I Find it unussualy high. Lets see what bs happens next month?
Reason for the trade was the bearish move due to NFP, was targeting 145x area for exit. But stuck between 146x area now. Any predictions for the market next week?
  • #5,496
  • May 3, 2013 2:19pm May 3, 2013 2:19pm
If it starts selling for real, shot at Friday's close. But I have to see how asia reacts to see if it's a good plan or not.
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
  • #5,497
  • May 3, 2013 2:26pm May 3, 2013 2:26pm
There was a nice spike after NFP. Not something I'd trade, but I did lock in a good price for some bullion. Does anyone on this thread hold physical metal?

I was pretty hardcore against placing my entire worth into precious metals, but with Bernanke saying he's willing to print and buy even more I am starting to change my tune. I always worried about inflation, but I think central bankers will take us there sooner than later.
When the facts change I change my mind, what do you do sir
  • #5,498
  • May 3, 2013 2:28pm May 3, 2013 2:28pm
Quoting Pip Anon
There was a nice spike after NFP. Not something I'd trade, but I did lock in a good price for some bullion. Does anyone on this thread hold physical metal? I was pretty hardcore against placing my entire worth into precious metals, but with Bernanke saying he's willing to print and buy even more I am starting to change my tune. I always worried about inflation, but I think central bankers will take us there sooner than later.
They are printing money in UK (an Japan too) and they could still cut the ECB rates yesterday. Ever wonder why?
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
  • #5,499
  • May 3, 2013 2:31pm May 3, 2013 2:31pm
Quoting Pip Anon
There was a nice spike after NFP. Not something I'd trade, but I did lock in a good price for some bullion. Does anyone on this thread hold physical metal? I was pretty hardcore against placing my entire worth into precious metals, but with Bernanke saying he's willing to print and buy even more I am starting to change my tune. I always worried about inflation, but I think central bankers will take us there sooner than later.
I'd say major indices are better bet if you're worried about inflation, gold is more of a risk(Edit not risk, meant to say uncertainty) gauge than anything, along with it's extreme volatility and cyclical nature. More inflation risk the more S&P will solder on.
  • #5,500
  • May 3, 2013 2:33pm May 3, 2013 2:33pm
So you all think that CPI reports are a big fat lie?
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
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