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Only Gold!

  • #301
  • Jun 27, 2013 4:13am Jun 27, 2013 4:13am
Quoting Stretch
{quote} .............Currently one open position: Opened a Short 1240 just now for a few, open TP, just watching my levels for PA reaction Edit: Will try to move SL to BE as soon as I feel comfortable. I don't like big SL's, I still position to big most of the times. (Not a recommendation, I had my fair share of losing streaks that can wipe out an account.)
SL at BE right now. I won't close it here for a few or conditional close (that's what I do often) but I will risk a BE trade for potential 10-30 dollar trade. But 1234-35 is good support here, so it might try up from here. Tempted to go Long but no, not yet for me.
I won't update further on this trade. It's either BE or a profitable one. Good luck all!

Edit: added two charts, 15 min and H1
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  • #302
  • Jun 27, 2013 3:00pm Jun 27, 2013 3:00pm
hihihi
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  • #303
  • Jun 27, 2013 3:07pm Jun 27, 2013 3:07pm
Quoting ClockTrader
{quote} I can be 100% wrong at many times, as long as I'm around to accept my mistakes, I would always feel good & find solace. Thanks for the inputs mate. {quote} As for bearish / bullish sentiment, right now I'm long. If my SLs get a hit, I'd go long again. I'm awaiting New moon, hope I get enlightened for further course. I'm finding next 3-4 weeks very challenging to play.

fair play my brother
Money never sleeps...
  • #304
  • Jun 27, 2013 3:44pm Jun 27, 2013 3:44pm
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My Trend line (demark) indicator printed a target of 590ish! WOWSER
  • #305
  • Jun 27, 2013 4:25pm Jun 27, 2013 4:25pm
Quoting Surftraders
{image} My Trend line (demark) indicator printed a target of 590ish! WOWSER
don't get excited, it is just stupid indicator.

however, no bottom in sight. I will be playing shortterm/scalping selling. RR pretty good.
  • #306
  • Jun 27, 2013 6:09pm Jun 27, 2013 6:09pm
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  • #307
  • Jun 27, 2013 8:02pm Jun 27, 2013 8:02pm
just sell when market gets to low point with couple of $ stop.

feels like waterslide
  • #308
  • Jun 28, 2013 5:49am Jun 28, 2013 5:49am
U just have to read this story. It's amazing!

http://www.forex-galaxy.com/2013/06/...istory-of.html

This time is not my article but I read it and I love it. Is all about GOLD and US dollars!
Buy when everyone else is selling and sell when everyone else is buying !
  • #309
  • Jun 28, 2013 6:18am Jun 28, 2013 6:18am
what next???going up before continue downtrend?
  • #310
  • Jun 28, 2013 6:49am Jun 28, 2013 6:49am
there are fundamentals, and there is trading where on tries to make profit.

From my trading point of view :

I believe we are in a waterslide that can go on and on and on.... no bottom in sight.

Modus operandi - sell each new low with couple of $ stop. Take profit when stops falling
  • #311
  • Jun 28, 2013 7:42am Jun 28, 2013 7:42am
end of week and of semester...end of world...best time to buy in my opinion...or to add positions gradually
  • #312
  • Jun 28, 2013 10:22am Jun 28, 2013 10:22am
Quoting Greener
end of week and of semester...end of world...best time to buy in my opinion...or to add positions gradually
good opinion!i buy at 1200 and it down to 1186,hichihchic!
but i wait and it up!
maybe the time for retracement!
  • #313
  • Jun 28, 2013 12:11pm Jun 28, 2013 12:11pm
I woke up this morning, most of my long positions were wiped, fortunately not a clean slate like of late. Not sure what went into my head, went long, checked my funds, went long again. Going long with micros, one batch complete. Hope my SLs don't get hit once again.

Tried FF for many hrs, it was down. Just got back after a loooong day.
Hello World!
  • #314
  • Jun 28, 2013 12:36pm Jun 28, 2013 12:36pm
Longs in the range: 1193 - 1234
SL range: 1165-1181

Currently following Seasons: Buy in May-June-July, Sell in Jan-Feb

will post screenshot of positions (w/o weight) after 8 weeks IF SLs don't get hit.
Hello World!
  • #315
  • Jun 28, 2013 1:23pm Jun 28, 2013 1:23pm
Quoting ClockTrader
Longs in the range: 1193 - 1234 SL range: 1165-1181 Currently following Seasons: Buy in May-June-July, Sell in Jan-Feb will post screenshot of positions (w/o weight) after 8 weeks IF SLs don't get hit.
in one forum !someone have good experience said that : long or short with your strategy with only <1% your acc and no stop loss! let it run with your strategy !
i thing you are longterm trader!you can long each time it down ....% and no SL
it more down ,you can increase money to long
example: now long with 0.01lot-----when it down to 1150 long 0.02lot or more ,no SL....and may be 1044 or 950 ...hihihihihihi
that time i will buy big money then may be it bounce back next year
Good trade
  • #316
  • Jun 28, 2013 1:34pm Jun 28, 2013 1:34pm
I went for short again just for 90 pip at this time.
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  • #317
  • Jun 28, 2013 1:37pm Jun 28, 2013 1:37pm
I take more risk take position end of the week it could brake up easily early of next week.
  • #318
  • Jun 28, 2013 2:45pm Jun 28, 2013 2:45pm
and the sl nearly gets hit.
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  • #319
  • Jun 28, 2013 3:08pm Jun 28, 2013 3:08pm
Quoting ClockTrader
{quote} So, do you now look forward to 1188? or what?
Touched the level after a long while. I bought Gold at different areas like 1200,12011,1214,1216 etc . in micros now i have lots of open positions. Looking for 1236.

where i 'll check the price action . next important levels may be 1247 and 1261
A successful valid cross = Bulls are alive and weakness in the current short term bull trend on these levels = i 'll close some entries .
  • #320
  • Jun 28, 2013 7:46pm Jun 28, 2013 7:46pm
Quoting chip_8088
{quote} in one forum !someone have good experience said that : long or short with your strategy with only <1% your acc and no stop loss! let it run with your strategy ! i thing you are longterm trader!you can long each time it down ....% and no SL it more down ,you can increase money to long example: now long with 0.01lot-----when it down to 1150 long 0.02lot or more ,no SL....and may be 1044 or 950 ...hihihihihihi that time i will buy big money then may be it bounce back next year Good trade
Yea, I tried longs without SLs a lot & faced good criticism here. The criticism was good as it helped me devise a strategy to mitigate losses. I have demonstrated on Page 15 how seasons work gr8 on a chart spanning 10 years. It'll work gr8 on 100 - 5k yrs too.
Hello World!
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