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  • #4,681
  • Mar 25, 2014 1:48pm Mar 25, 2014 1:48pm
Is this thing going to move before NY close?
  • #4,682
  • Mar 25, 2014 1:48pm Mar 25, 2014 1:48pm
Quoting Polaris4dy
{quote} Don't read too much into Crimea's news...it costs me 50% of my account when I long from 1375 and keep adding position until 1360. hit my stop loss at 1340. Yes, in long term the big picture most people will agree that gold price will go up. But maybe not now... in any case, if you are a long term trader and have a big margin for drawdown, longing now is not a bad idea. Make sure you put your stop loss further away (e.g. at 1270 or something) Goodluck! Cheers
Yeah, this is trap news...
Lose almost 50% of my account because this news.

Like what everyone said.

"Stop thinking World War III, It will not happen"
  • #4,683
  • Mar 25, 2014 1:52pm Mar 25, 2014 1:52pm
Quoting iwishtowin
{quote} Damn you are right. I am reading too much about Crimea news. I have stop loss at 1300 & purchase at 1312.
I don't know what leverage you use or the margin level you can take.
But if you trade in small position, don't stop at 1300 because price will quite likely go up from there and that will make you feel TERRIBLE. (happens to me a lot of time in the past).
The key secret about training is about margin/leverage. I used to initiate my position with 1:30 or 1:50. That is not good because a few losing trades will wipe out my account.
Now I open with 1:5 leverage. If in a losing position but I believe price will go my way, I add to 1:10. That is the maximum.

Wish you luck!

Cheers
  • #4,684
  • Mar 25, 2014 1:56pm Mar 25, 2014 1:56pm
Quoting wangsit
{quote} Yeah, it is boring playing real account. In demo account. After making decision, you can sleep/eat. No hard feeling. Altough, you failed... You can control your logic decision. In real account. you can't leave it, after you make decision. And, if your decision is wrong... it will ruin your logic decision. And letting emotion control you. What is HH and HL? Does it mean Stop Loss and Take Profit?
yeah.. it all goes wrong when you know too much and do very little. besides emotional intelligence is a pre requisite, i guess there will be some books. also to trade well, it should be more fun than just buying/selling and watching losses turning into margin calls and winning making you a bank.. HH = higher high .. HL = higher low..
A trade should be based on an assumption based on facts
  • #4,685
  • Mar 25, 2014 2:03pm Mar 25, 2014 2:03pm
Quoting zaghloul
Is this thing going to move before NY close?
US banks never do anything!
A trade should be based on an assumption based on facts
  • #4,686
  • Edited 2:46pm Mar 25, 2014 2:34pm | Edited 2:46pm
300 SMA, 360 EMA on 4 hour, Price inside of daily Bollinger. Not suggesting anything, but that could be some possibility for long.



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Edit:

300 SMA is more down on European time chart
  • #4,687
  • Mar 25, 2014 3:02pm Mar 25, 2014 3:02pm
Quoting RabbitWolf
300 SMA, 360 EMA on 4 hour, Price inside of daily Bollinger. Not suggesting anything, but that could be some possibility for long. {image} Edit: 300 SMA is more down on European time chart
yeah the SMA 300 for 4H here is at 1302. price can go both ways though...I am short. See what happens. If it goes above 1320 with high volume, I will close short and open long
  • #4,688
  • Mar 25, 2014 4:35pm Mar 25, 2014 4:35pm
Attached Image (click to enlarge)
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we go short or retrace back to the tl
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no white candle yet down we go ???????????????
  • #4,689
  • Mar 25, 2014 4:44pm Mar 25, 2014 4:44pm
Quoting elbert3
{image} we go short or retrace back to the tl{image} no white candle yet down we go ???????????????
FXRAT see's a slowdown in the selling.
FXRAT is waiting for a few green and
some RAT signals then bish bash bosh
LONG.

Through 1300 and I cant see much more than
1260 on the cards.

LONG I can see 1420 in a few weeks.

Its risk reward for FXRAT.

OVer & Out
rat
  • #4,690
  • Mar 25, 2014 4:51pm Mar 25, 2014 4:51pm
Quoting rattyo
{quote} FXRAT see's a slowdown in the selling. FXRAT is waiting for a few green and some RAT signals then bish bash bosh LONG. Through 1300 and I cant see much more than 1260 on the cards. LONG I can see 1420 in a few weeks. Its risk reward for FXRAT. OVer & Out
very good description of the situation. Keep posting! I know you are a very experienced trader.
  • #4,691
  • Mar 25, 2014 6:45pm Mar 25, 2014 6:45pm
Gone Short

Possible RL at 1,308?
Lloyd
  • #4,692
  • Mar 25, 2014 7:01pm Mar 25, 2014 7:01pm
gold still in down trend,,,,sell till june maybe
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"Trap The RED News"
  • #4,693
  • Mar 25, 2014 8:22pm Mar 25, 2014 8:22pm
anybody enjoying the bull market now?
  • #4,694
  • Mar 25, 2014 8:27pm Mar 25, 2014 8:27pm
Take profit who bought, just to be safe !
  • #4,695
  • Mar 25, 2014 8:34pm Mar 25, 2014 8:34pm
Quoting RabbitWolf
Take profit who bought, just to be safe !
would rather holde them from 1307 with tp in 1400. Daily chart is very oversold. don't see bears coming in next days
  • #4,696
  • Mar 25, 2014 9:26pm Mar 25, 2014 9:26pm
Quoting pouyanv
{quote} would rather holde them from 1307 with tp in 1400. Daily chart is very oversold. don't see bears coming in next days

As they say: less profit is better, than loss . Good luck !
  • #4,697
  • Mar 25, 2014 9:47pm Mar 25, 2014 9:47pm
so many forcasts and analysis were saying if it breaks 1319.. gold will enter downtrend and continue falling to 1280 may be. but i am observing now in this thread that it is getting ready to bounce back from here to 1420. Here almost all are experienced traders so i got a little confused.
Is gold still in uptrend? i m on sidelines waiting for buy rally because of having very low equity. Nitsan or can anybody guide me plz? well i really like ClockTrader's Daily Clock Band. it works..
P.S. Trade with the discipline of Money Management and Risk Management.
  • #4,698
  • Mar 25, 2014 10:01pm Mar 25, 2014 10:01pm
Quoting RabbitWolf
{quote} As they say: less profit is better, than loss . Good luck !
my stops are in profit though thanks for the advice
  • #4,699
  • Mar 25, 2014 10:42pm Mar 25, 2014 10:42pm
A failure to overcome $1315.61 could encourage another round of selling pressure. This could trigger a move into the $1300.70 to $1297.47 area.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #4,700
  • Mar 25, 2014 10:57pm Mar 25, 2014 10:57pm
Quoting farukh
A failure to overcome $1315.61 could encourage another round of selling pressure. This could trigger a move into the $1300.70 to $1297.47 area.
well done now all you have to do is stick to your trading plan
A trade should be based on an assumption based on facts
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