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Only Gold!

  • #4,081
  • Mar 19, 2014 6:26am Mar 19, 2014 6:26am
Quoting EatPIPs
{image}
EatPips

-
rat
  • #4,082
  • Mar 19, 2014 6:29am Mar 19, 2014 6:29am
Quoting Ranjeet1488
{quote} Sir, I had a buy at 99.76 and 100.16 (2 lots) and had a Sl at 96.90. For Silver I have buys on 21.33 and 21.60 and put a SL at 20.45 since my account doesn't allow me to take further risk. Same similarly, I have SL at 1350 in gold. All the lots are of 10 ounces. Since I am new in trading, I have been losing quite a lot quite often. Last week I earned $1500 and this week I have already lost around $2200. So my account doesn't allow me to take long term positions. Based on that should I short sell Silver and Gold? As I am looking for Pips...
Ranjeet

Rat always advices make your bets as big as possible.
Trading you can ever do or you cant!
Rats not making millions from microlots

As you can see a nice picture of one of my latest show champion Chihuahua's
"Muscles" she cost a new pips!
rat
  • #4,083
  • Mar 19, 2014 6:29am Mar 19, 2014 6:29am
Quoting rattyo
{quote} EatPips -
Yes?
To live a successful life, we must lose our fear of being wrong
  • #4,084
  • Mar 19, 2014 6:42am Mar 19, 2014 6:42am
Attached Image (click to enlarge)
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To live a successful life, we must lose our fear of being wrong
  • #4,085
  • Mar 19, 2014 6:51am Mar 19, 2014 6:51am
i go for long.but it is still possible to have a down momentum (big candle on H4 and stochastic)
would close manually on aqua line if it turns out i was wrong.cross my fingers
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  • #4,086
  • Mar 19, 2014 6:51am Mar 19, 2014 6:51am
Which elements of the FOMC statement will affect the price? Is it just the amount of tapering? And since the majority of analysts believe its still going to be $10bn, then shouldn't that already be priced into the market?

One more silly question. Is it really the price "value" of gold which is moving? Or is it the USD? I mean will XAU/EUR be really affected? And if not, isn't that a safer pair to use around FOMC announcements ?
  • #4,087
  • Mar 19, 2014 7:47am Mar 19, 2014 7:47am
Looks like another leg down is forming in due course.
To live a successful life, we must lose our fear of being wrong
  • #4,088
  • Mar 19, 2014 7:48am Mar 19, 2014 7:48am
Quoting EatPIPs
Looks like another leg down is forming in due course.
And there it is
To live a successful life, we must lose our fear of being wrong
  • #4,089
  • Mar 19, 2014 7:54am Mar 19, 2014 7:54am
I have closed all of my shorts and out of the game now. I'll wait till tomorrow to be in field once again.
  • #4,090
  • Mar 19, 2014 7:54am Mar 19, 2014 7:54am
Quoting EatPIPs
{quote} And there it is
Micro scalping down to S2.
  • #4,091
  • Mar 19, 2014 7:58am Mar 19, 2014 7:58am
Quoting zaghloul
{quote} Micro scalping down to S2.
All shorts secured now TP at 1337. The reaction from 1341 wasn't as strong as I thought it would be - in my terms, there is still scope for further down move before London close based on 1345 holding as resistance.
To live a successful life, we must lose our fear of being wrong
  • #4,092
  • Mar 19, 2014 8:03am Mar 19, 2014 8:03am
I hate it when it does that!
  • #4,093
  • Mar 19, 2014 8:05am Mar 19, 2014 8:05am
Dear Seniors, what is your view about below chart?
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  • #4,094
  • Mar 19, 2014 8:08am Mar 19, 2014 8:08am
Quoting zaghloul
Which elements of the FOMC statement will affect the price? Is it just the amount of tapering? And since the majority of analysts believe its still going to be $10bn, then shouldn't that already be priced into the market? One more silly question. Is it really the price "value" of gold which is moving? Or is it the USD? I mean will XAU/EUR be really affected? And if not, isn't that a safer pair to use around FOMC announcements ?
Good questions. Normally, taper would be priced in...and to some extent, it may already be (1300- 1325 level)..but with bad news for 3 months, and a new FED chair, price action (IMHO) has increased the range, covering positions and hedges. We could actually see quite a bit of volatility depending on the statement, and a sharp selloff.
"The market can remain irrational longer than you can remain solvent"
  • #4,095
  • Mar 19, 2014 8:09am Mar 19, 2014 8:09am
Quoting azfarjaved
Dear Seniors, what is your view about below chart? {image}
looks pretty logical.
"The market can remain irrational longer than you can remain solvent"
  • #4,096
  • Mar 19, 2014 8:14am Mar 19, 2014 8:14am
Quoting anton.olff
{quote} Good questions. Normally, taper would be priced in...and to some extent, it may already be (1300- 1325 level)..but with bad news for 3 months, and a new FED chair, price action (IMHO) has increased the range, covering positions and hedges. We could actually see quite a bit of volatility depending on the statement, and a sharp selloff.
Thanks! But will XAU/EUR be as volatile too? Is it the 'value' of gold or the 'value' of usd which is changing?
  • #4,097
  • Mar 19, 2014 8:18am Mar 19, 2014 8:18am
Quoting zaghloul
{quote} Thanks! But will XAU/EUR be as volatile too? Is it the 'value' of gold or the 'value' of usd which is changing?
Just my piece of advice for you and anyone else trading through the FOMC - set your TPs and SLs for what you can based on your RR. There is no right or wrong answer for how volatile the markets can be during that period as seen before.

At the end of the day you can either make shed loads or loose shed loads but protect yourself in whatever the outcome.

Like Anton.olff, I prefer to stay out before and throughout the Asia session also after these type of events unless I place pending orders with SL and TP in place.
To live a successful life, we must lose our fear of being wrong
  • #4,098
  • Mar 19, 2014 8:23am Mar 19, 2014 8:23am
Thanks for the advice. I will take it! Got burned badly last FOMC.
  • #4,099
  • Mar 19, 2014 8:24am Mar 19, 2014 8:24am
Quoting EatPIPs
{quote} Just my piece of advice for you and anyone else trading through the FOMC - set your TPs and SLs for what you can based on your RR. There is no right or wrong answer for how volatile the markets can be during that period as seen before. At the end of the day you can either make shed loads or loose shed loads but protect yourself in whatever the outcome. Like Anton.olff, I prefer to stay out before and throughout the Asia session also after these type of events unless I place pending orders with SL and TP in place.

Very true. Protect your profits and protect your money!
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #4,100
  • Mar 19, 2014 8:24am Mar 19, 2014 8:24am
Quoting Nitsan_Levi
Hey all I try now to take small long.. I buy...1h sma400 + pivot point. *Be careful I give you a lot of win deals with no loss so far And therefore a losing deal shold come soon because no one is right 100% {image}
thank you for your calls!
Could you please check the picture. Is this pivot point configuration OK? Do you also have period 1?
best regards
lapras


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