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  • #4,141
  • Mar 19, 2014 11:21am Mar 19, 2014 11:21am
Quoting Mave
short @1341.. manual sl around 1342.41 .. tp not decided
MAve
Looks like you have missed the boat for now on shorts
That's was Euro sessions trade.
For the last 1hr the price has been re-tracing and we
have FOMC in a bit so making trades in-front of that
could be foolish.

Over & out Rat
rat
  • #4,142
  • Mar 19, 2014 11:29am Mar 19, 2014 11:29am
Quoting rattyo
{quote} MAve Looks like you have missed the boat for now on shorts That's was Euro sessions trade. For the last 1hr the price has been re-tracing and we have FOMC in a bit so making trades in-front of that could be foolish. Over & out Rat
i get your point but i just went short again because the price is rebounded from 4H bull trendline from earlier, also it is a fibo level of my new found method which is to draw a fibo retracement between 78.6 and 61.8 level.. also 1342.41 could be a good resistance..
A trade should be based on an assumption based on facts
  • #4,143
  • Mar 19, 2014 11:36am Mar 19, 2014 11:36am
Quoting Nitsan_Levi
{quote} First of all good luck with the trade Secondly you have to try and everyone here must try to cut off the emotions of the postions I buy again because of my system laws I have a table that requires me to enter a certain order by a particular strategy one after one. It's quite complicated so I will not expand It took me a long time to build it but it helps to really detach emotions And because of my system clear laws I do not have sentences like "I couldn't resist " . I see you are an excellent trader But there's always room for improvement...
Totally right dude.

I could not "resist" because I did not want to open any further trades today however my charts showed me long opportunity there so I took it with minimal risk that why I couldn't resist
To live a successful life, we must lose our fear of being wrong
  • #4,144
  • Mar 19, 2014 11:48am Mar 19, 2014 11:48am
Quoting EatPIPs
{quote} Totally right dude. I could not "resist" because I did not want to open any further trades today however my charts showed me long opportunity there so I took it with minimal risk that why I couldn't resist
  • #4,145
  • Mar 19, 2014 12:10pm Mar 19, 2014 12:10pm
Quoting Mave
{quote} i get your point but i just went short again because the price is rebounded from 4H bull trendline from earlier, also it is a fibo level of my new found method which is to draw a fibo retracement between 78.6 and 61.8 level.. also 1342.41 could be a good resistance..

shorts closed..
A trade should be based on an assumption based on facts
  • #4,146
  • Mar 19, 2014 12:22pm Mar 19, 2014 12:22pm
Gold?!
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  • #4,147
  • Mar 19, 2014 12:46pm Mar 19, 2014 12:46pm
Quoting dashlat
Gold?! {image}
ok 1 leg down to try next leg up to test 1400!!all in a bear set up at this bottom but not thinking run bear so soon without another leg up.anyway 1327 to 1278 play likely before up try .
lets see
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #4,148
  • Mar 19, 2014 1:10pm Mar 19, 2014 1:10pm
Gold is falling ... i'm planning to buy for asian session tomorrow, but let's see what does PA say
  • #4,149
  • Mar 19, 2014 1:12pm Mar 19, 2014 1:12pm
Just below 1331 into the high 1330s (not bad).

This level has to hold for move back up (short term) at least.
To live a successful life, we must lose our fear of being wrong
  • #4,150
  • Mar 19, 2014 1:21pm Mar 19, 2014 1:21pm
Quoting Mave
{quote} shorts closed..
A trade should be based on an assumption based on facts
  • #4,151
  • Mar 19, 2014 1:22pm Mar 19, 2014 1:22pm
i think it down to 1327-1326, then bounce back
  • #4,152
  • Mar 19, 2014 1:23pm Mar 19, 2014 1:23pm
Dat drop.Whats everones TP? anyone see it dropping down towards 200 SMA (about 1300)??
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Lose in spoonfulls, win in buckets
  • #4,153
  • Mar 19, 2014 1:23pm Mar 19, 2014 1:23pm
Quoting Mave
{quote}
Nevermind dude, just wait for the next set up.
To live a successful life, we must lose our fear of being wrong
  • #4,154
  • Mar 19, 2014 1:24pm Mar 19, 2014 1:24pm
Quoting Nitsan_Levi
{quote} First of all good luck with the trade Secondly you have to try and everyone here must try to cut off the emotions of the postions I buy again because of my system laws I have a table that requires me to enter a certain order by a particular strategy one after one. It's quite complicated so I will not expand It took me a long time to build it but it helps to really detach emotions And because of my system clear laws I do not have sentences like "I couldn't resist " . I see you are an excellent trader But there's always room for improvement...
One word : RESPECT!!! you sir, earn my utmost respect for your concept of detaching emotion. It is the hardest thing and also the key to be a successful trader. I am still very lacking in this. Emotion tends to take control of me at times.
Thanks so much for the suggestion of using table. Will try to be systematic and be like a robot. Hope it goes well.
  • #4,155
  • Mar 19, 2014 1:24pm Mar 19, 2014 1:24pm
Quoting Xenovia
Dat drop.Whats everones TP? anyone see it dropping down towards 200 SMA (about 1300)?? {image}
Eventually yeah.

But if PA sustains 1328 today there may be a retracement to 134x - 135x before another hard push down technically.
To live a successful life, we must lose our fear of being wrong
  • #4,156
  • Mar 19, 2014 1:28pm Mar 19, 2014 1:28pm
"Gold bugs have had a good year so far, as the metal climbed more than 10% since Jan 1 on worries about the US recovery and most recently, the conflict in Ukraine. The problem now is that investors have assessed Crimea as a regional dispute not likely to send further repercussions into world markets. Meanwhile, the FOMC had mostly good things to say about the US economy today's meeting statement, dispelling fears that the last few months of weak data were due to anything more than bad weather. This gives investors sitting on gold profits a perfect excuse to sell."
To live a successful life, we must lose our fear of being wrong
  • #4,157
  • Mar 19, 2014 1:34pm Mar 19, 2014 1:34pm
With it being so quite in here after the FOMC i'm assuming most people were long and have been stopped out?
To live a successful life, we must lose our fear of being wrong
  • #4,158
  • Mar 19, 2014 1:37pm Mar 19, 2014 1:37pm
Quoting EatPIPs
{quote} Nevermind dude, just wait for the next set up.

1329.29 support.


edit- this move confirms that this is the retrace of the bull rally.
A trade should be based on an assumption based on facts
  • #4,159
  • Mar 19, 2014 1:38pm Mar 19, 2014 1:38pm
We will possibly see a short term move up now from what is coming out of Yellan's mouth
To live a successful life, we must lose our fear of being wrong
  • #4,160
  • Mar 19, 2014 1:39pm Mar 19, 2014 1:39pm
Quoting EatPIPs
With it being so quite in here after the FOMC i'm assuming most people were long and have been stopped out?
or maybe they were short and right now are too excited to see the profit ... I closed my short just before FOMC, to be safe.
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