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  • #3,761
  • Mar 16, 2014 7:02pm Mar 16, 2014 7:02pm
Quoting Mave
{quote} wow !! its still there !!
yeah needs a continuation below 1385.81 then to todays low to keep the formation in play.
To live a successful life, we must lose our fear of being wrong
  • #3,762
  • Mar 16, 2014 7:09pm Mar 16, 2014 7:09pm
Quoting Xeet
{quote} Depands how you look at it - we sit at the 1M resistance and they are doing just fine. It might be a preparation for a push down before 30M close, though. Otherwise, we have to deal with useless 1h bar and 30m doji - either way, we should have our direction soon enough.

given my bearish view on gold, i think they wanted better price to close their positions so they were pushing with every up move was being sold to a lower price, also i was expecting some buying over 1390, didn't happen. Now, 1385.15 which is the 50% fibo level is at play. Let's see.....

Edit- all this could be cooked up in my head also
A trade should be based on an assumption based on facts
  • #3,763
  • Mar 16, 2014 7:10pm Mar 16, 2014 7:10pm
Quoting EatPIPs
{quote} yeah needs a continuation below 1385.81 then to todays low to keep the formation in play.
30M bearish pattern confirmed, rejection of that move at the daily open. Made a risky call with 20 units S from 1391,6 with SL at 1393,8. Due to mentioned reasons, my SL was moved 1390. And I am off for today.

Happy trading!
  • #3,764
  • Mar 16, 2014 7:11pm Mar 16, 2014 7:11pm
Quoting EatPIPs
{quote} yeah needs a continuation below 1385.81 then to todays low to keep the formation in play.

go bears go.. dig deep, claw the bull, let there be blood and take it down

GOGOGO
A trade should be based on an assumption based on facts
  • #3,765
  • Mar 16, 2014 7:12pm Mar 16, 2014 7:12pm
Quoting Xeet
{quote} 30M bearish pattern confirmed, rejection of that move at the daily open. Made a risky call with 20 units S from 1391,6 with SL at 1393,8. Due to mentioned reasons, my SL was moved 1390. And I am off for today. Happy trading!
Well positioned dude
To live a successful life, we must lose our fear of being wrong
  • #3,766
  • Mar 16, 2014 7:13pm Mar 16, 2014 7:13pm
Why i think we will not go a short now..
金銭欲
  • #3,767
  • Mar 16, 2014 7:15pm Mar 16, 2014 7:15pm
Quoting Mave
{quote} go bears go.. dig deep, claw the bull, let there be blood and take it down GOGOGO
hahahaha.. nicely quoted dude...
  • #3,768
  • Mar 16, 2014 7:16pm Mar 16, 2014 7:16pm
Quoting Mave
{quote} given my bearish view on gold, i think they wanted better price to close their positions so they were pushing with every up move was being sold to a lower price, also i was expecting some buying over 1390, didn't happen. Now, 1385.15 which is the 50% fibo level is at play. Let's see..... Edit- all this could be cooked up in my head also
hello sir... i agree with u,,, better price... still hold 91 open more up till 1408 in extention its a week;y view,,,but intraday it come in range from 95 to 82 ,,, unless news push any ways differ then back to our numbers,,,, stay safe.. for bigger and major number or zone ..best of luck to all ...
  • #3,769
  • Mar 16, 2014 7:17pm Mar 16, 2014 7:17pm
Bullish until 1373 area breaks IMHO.
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  • #3,770
  • Mar 16, 2014 7:18pm Mar 16, 2014 7:18pm
these people are not playing the 15M chart, are they?
A trade should be based on an assumption based on facts
  • #3,771
  • Mar 16, 2014 7:19pm Mar 16, 2014 7:19pm
Quoting EatPIPs
{quote} Well positioned dude

Will see how it goes though. Was ment to be a fast scalp, yet I might keep it untill SL is hit - at least there is a chance to recover from my lose of betting that it won't break last weeks highs.
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  • #3,772
  • Mar 16, 2014 7:19pm Mar 16, 2014 7:19pm
Quoting VonBoyan
{quote} hahahaha.. nicely quoted dude...

A trade should be based on an assumption based on facts
  • #3,773
  • Mar 16, 2014 7:21pm Mar 16, 2014 7:21pm
Quoting manforlove
{quote} hello sir... i agree with u,,, better price... still hold 91 open more up till 1408 in extention its a week;y view,,,but intraday it come in range from 95 to 82 ,,, unless news push any ways differ then back to our numbers,,,, stay safe.. for bigger and major number or zone ..best of luck to all ...

how do you calculate the range? ATR?
A trade should be based on an assumption based on facts
  • #3,774
  • Mar 16, 2014 7:31pm Mar 16, 2014 7:31pm
Quoting Mave
{quote} how do you calculate the range? ATR?
10 to 15 dollars is normal for quite nights or days... for gold range,,, and in my chart ,,, 95 is top and low is 82 above is other target... and lower anther target.... i do not use ATR but i look on it ..but not depend..in my view good numbers to open shorts... but i do not jump on long then short ...scalpe on the two ways... if range trade with tight sl or stay safe few hrs i open a short from 91 and out at 87 at trailing stops but i was not sure 100 % so i m ok with low profit ,,,till it drops and retest then sell on comfort ....till my numbers comes. to enter correclty .. good luck to all
  • #3,775
  • Mar 16, 2014 7:35pm Mar 16, 2014 7:35pm
Possible 1M channel until breakout
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To live a successful life, we must lose our fear of being wrong
  • #3,776
  • Mar 16, 2014 7:37pm Mar 16, 2014 7:37pm
Quoting srt
Bullish until 1373 area breaks IMHO. {image} {image}
hello
yes it form a good resistance ,, and i think it will hold for time ....and when it break it will be hard to break up...
yes and it tested last firday and again it will test couple of times... then it break...

1370 to 1379..... its zone of magnitc will bounce then back to it .. and break down then back too.again
good luck with ur chart...and to all ..
  • #3,777
  • Mar 16, 2014 7:42pm Mar 16, 2014 7:42pm
Quoting manforlove
{quote} 10 to 15 dollars is normal for quite nights or days... for gold range,,, and in my chart ,,, 95 is top and low is 82 above is other target... and lower anther target.... i do not use ATR but i look on it ..but not depend..in my view good numbers to open shorts... but i do not jump on long then short ...scalpe on the two ways... if range trade with tight sl or stay safe few hrs i open a short from 91 and out at 87 at trailing stops but i was not sure 100 % so i m ok with low profit ,,,till it drops and retest then sell on comfort ....till...

why does it retest?
A trade should be based on an assumption based on facts
  • #3,778
  • Mar 16, 2014 7:45pm Mar 16, 2014 7:45pm
Scalp Trade?
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  • #3,779
  • Mar 16, 2014 7:47pm Mar 16, 2014 7:47pm
Quoting srt
Scalp Trade? {image}
If you looking to scalp, you can do well with the way PA is currently been moving in the last few weeks either way.
To live a successful life, we must lose our fear of being wrong
  • #3,780
  • Mar 16, 2014 7:56pm Mar 16, 2014 7:56pm
Quoting Mave
{quote} why does it retest?
hello
yes often more than 85 % in all case all time frames have to test time or two till find it has failure to cross above so it will come down by time so be relax so it be more strong trade...but if test and cross it be minor resistance... and its not good trade..couse its sell and its test the high as normal.....as making higher high ...and so.on ...well the real retest its normal behavier to test the number....may be bouns 10 dollars or more may be 50 dollars or 100 dollars but in time frames.. it will back its called cycle... of time,,, as we here trade intraday so we tight sl and wait for good number,,,that in chart or ...news of us seesions which move.. a strong move for bigger profit...so depond on ur target if huge retest it nothing for u but if u trade small time frame and u in range day u get restsst is important to enter or exit......that is my view... i hope i get it clear.. and good luck to all
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