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Only Gold!

  • #2,661
  • Feb 26, 2014 6:22am Feb 26, 2014 6:22am
Quoting EatPIPs
{quote} Negative expected new home sales due to the bad weather will push the price up - by how much is anyone's guess.
sir .. meantime it is proved that gold will go down or still swinging?
  • #2,662
  • Feb 26, 2014 6:25am Feb 26, 2014 6:25am
Quoting forexer11
{quote} sir .. meantime it is proved that gold will go down or still swinging?
London is creating a new low for the day. Let's see where they take it to.
To live a successful life, we must lose our fear of being wrong
  • #2,663
  • Feb 26, 2014 6:28am Feb 26, 2014 6:28am
Yesterday i instaled Shorts at 1332, 1334 and 1336
Today morning i get communicate about low marigin so i instaled big value long position at 1344 to defend my account.
Now i see again that i'm stupid. Forex have fun with me and again i let him to kick my *** ))

Dear friends do you think it will come back to North like 1344 in next 2 days?
Attached Image
  • #2,664
  • Feb 26, 2014 6:29am Feb 26, 2014 6:29am
Quoting EatPIPs
{quote} Just my opinion, but never give someone SL or TP levels unless you know their RR and how much % they can afford to loose.

yes
right
sorry
  • #2,665
  • Feb 26, 2014 6:34am Feb 26, 2014 6:34am
Quoting Nitsan_Levi
{quote} yes right sorry
  • #2,666
  • Feb 26, 2014 6:42am Feb 26, 2014 6:42am
Quoting EatPIPs
{quote} London is creating a new low for the day. Let's see where they take it to.
sir,,gold is uptrend ..when we can say it changed to downtrend?
  • #2,667
  • Feb 26, 2014 6:45am Feb 26, 2014 6:45am
Quoting EatPIPs
{quote} London is creating a new low for the day. Let's see where they take it to.
and to which price u r waiting to enter long in gold again..sir?
  • #2,668
  • Feb 26, 2014 6:46am Feb 26, 2014 6:46am
Quoting forexer11
{quote} sir,,gold is uptrend ..when we can say it changed to downtrend?
IF the trend has now changed to down then IMO a retest of 1340.
To live a successful life, we must lose our fear of being wrong
  • #2,669
  • Feb 26, 2014 6:50am Feb 26, 2014 6:50am
1331 for me is the decider on trend change mid term.
To live a successful life, we must lose our fear of being wrong
  • #2,670
  • Feb 26, 2014 6:54am Feb 26, 2014 6:54am
Quoting EatPIPs
1331 for me is the decider on trend change mid term.
1337 now intraday resistance. NY may use this level to push the price down further to 1331 and below.
To live a successful life, we must lose our fear of being wrong
  • #2,671
  • Feb 26, 2014 6:58am Feb 26, 2014 6:58am
The big boys have potentially been pushing the price low so far today to buy at good levels for the expected bad news later.

My advise for us retail traders is the same as Clocktraders, be careful.
To live a successful life, we must lose our fear of being wrong
  • #2,672
  • Feb 26, 2014 7:07am Feb 26, 2014 7:07am
Quoting ClockTrader
{quote} I say somewhere around 1340-50 by Wednesday late Morning (Asian) Awaiting this to peak out, dying to sell.
I said below on Monday (24th of Feb, 2014).

> somewhere around 1340-50 by Wednesday late Morning (Asian) Awaiting this to peak out

Today is Wednesday, during late morning (Asian), we did witness 1345

Lets see if 1245 sustains as a top, if it does, I'll feel good.

Wishes don't always come true as per expected time-frame, yet, I'd wish this to continue for a week or two at least.
Hello World!
  • #2,673
  • Feb 26, 2014 7:31am Feb 26, 2014 7:31am
Guys is there hope to come back to the top ?


Attached Image


I have only 1500 equity left
Why am i so stupid and greedy
  • #2,674
  • Feb 26, 2014 7:33am Feb 26, 2014 7:33am
Quoting namaus
{quote} AT this time, 1340 is still firm support.
Again, 1330 is firm support. Break that support we could see 1325. But may be not today. Let see
  • #2,675
  • Feb 26, 2014 7:35am Feb 26, 2014 7:35am
Quoting namaus
{quote} Again, 1330 is firm support. Break that support we could see 1325. But may be not today. Let see
1330 is also the 38.2 fib - so far being respected.
To live a successful life, we must lose our fear of being wrong
  • #2,676
  • Feb 26, 2014 7:36am Feb 26, 2014 7:36am
Quoting KamilM
Guys is there hope to come back to the top ? {image}
Dude, we have said this here numerous times, trade light.. trade light.. trade light.. trade light.. I can't give you a count. EP says this all the time too.

If anyone gives you a direction & goes wrong, would feel embarrassed at the end of day. This is a forum. 98% people lose in this business. I guess the 1% are genius & the remainder 1% are insiders.

Its your money, take a call on your own.

Don't feel bad if you blow your account at the end of day, guess why? You learnt a lesson about Money management. Its worth.

Education doesn't come free. Lessons come hard way sometimes. Losses are fine if you are learning well from them, just make sure you are losing little. Almost everybody has blown at least account at some point, so don't feel bad if you blow yours.
Hello World!
  • #2,677
  • Feb 26, 2014 7:37am Feb 26, 2014 7:37am
Quoting KamilM
Guys is there hope to come back to the top ? {image} I have only 1500 equity left Why am i so stupid and greedy
IMO 1337 will be seen again maybe. That will judge intraday move for the rest of NY session.
To live a successful life, we must lose our fear of being wrong
  • #2,678
  • Feb 26, 2014 7:40am Feb 26, 2014 7:40am
Quoting ClockTrader
{quote} Dude, we have said this here numerous times, trade light.. trade light.. trade light.. trade light.. I can't give you a count. EP says this all the time too. If anyone gives you a direction & goes wrong, would feel embarrassed at the end of day. This is a forum. 98% people lose in this business. I guess the 1% are genius & the remainder 1% are insiders. Its your money, take a call on your own. Don't feel bad if you blow your account at the end of day, guess why? You learnt a lesson about Money management. Its worth. Education doesn't come...
Could agree more. Your trousers would probably turn brown if I told you the amount of times in the past I blew my account, and even worse, the amount i've lost learning.

Tread carefully and MM is number 1 in this business.
To live a successful life, we must lose our fear of being wrong
  • #2,679
  • Feb 26, 2014 7:42am Feb 26, 2014 7:42am
Quoting EatPIPs
{quote} Could agree more. Your trousers would probably turn brown if I told you the amount of times in the past I blew my account, and even worse, the amount i've lost learning. Tread carefully and MM is number 1 in this business.
Adding to that, if you close your trades and see in the near future prices back at your entry levels or beyond, don't kick yourself for not holding, understand why you entered where you did and the reasons why you exited (excluding emotions). If you can't figure it out then dude you shouldn't be trading so heavy. Greed will make you rich short term but kill you long term.
To live a successful life, we must lose our fear of being wrong
  • #2,680
  • Feb 26, 2014 7:45am Feb 26, 2014 7:45am
Quoting KamilM
Guys is there hope to come back to the top ? {image} I have only 1500 equity left Why am i so stupid and greedy
You are trading size thats far too big for your account. Never risk more than 2% of your account on any trade.
"Where you want to be is always in control, never wishing, always trading.
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