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  • #4,841
  • Mar 27, 2014 3:03am Mar 27, 2014 3:03am
anybody know about the silver also got in 20.2300 sell
One Day U Will Miss me!
  • #4,842
  • Mar 27, 2014 3:04am Mar 27, 2014 3:04am
it broke through 1300 without any major activity/resistance and turned without much resistance either.. seems like 1300 is not where orders are placed. also, seems like it'll take all the bulls to turn this around. only question, where are they sitting.
did take profit twice from 1335 but added twice many positions Its getting simple
A trade should be based on an assumption based on facts
  • #4,843
  • Mar 27, 2014 3:04am Mar 27, 2014 3:04am
Quoting SoLiD
{quote} welcome EP, Can you share your short view Chart?
1300 bull strength is weak. You can see that based on PA. There is not enough strength there. Just like there were not enough bears there when it pushed through this level on the rise earlier this year.

I don't think 1300 will be too much of a problem to burst. Its the 50 FIB and the 61.8 FIB that are more concerning to me where the bulls may be waiting in groups.

So technically I would see gold going to 1287 - 1263 and see what PA does there. Ideally looking for a daily supportive candle most likely some point next week if this is still just an upward correction.

Time will tell!
To live a successful life, we must lose our fear of being wrong
  • #4,844
  • Mar 27, 2014 3:19am Mar 27, 2014 3:19am
I am hoping that it would stop once it hits the 400ma on the 4h chart, but the again if it breaks that we are looking at a bear run
  • #4,845
  • Mar 27, 2014 3:51am Mar 27, 2014 3:51am
It's raining gold bars, the bears have been gathering for this down leg since 1am GMT, no idea how long it will last.

We're currently at a minor fib level, so might see a relatively 'tiny' pull back. Not even going to try and trade it.

Regarding this bear move, emotionally, it's best to just 'go with it' rather than try to pick a bottom to go long from.
  • #4,846
  • Mar 27, 2014 3:56am Mar 27, 2014 3:56am
hi ,everyone,why don't we try another trade?
as the NZD rocket launching,kiwi-denominated gold appears to be attracting.
does anyone take it in considered?
no other killers to me but emotion
  • #4,847
  • Mar 27, 2014 4:07am Mar 27, 2014 4:07am
Quoting Mr Mao
hi ,everyone,why don't we try another trade? as the NZD rocket launching,kiwi-denominated gold appears to be attracting. does anyone take it in considered?
I'm waiting patiently for NZD/USD to fall, I'm afraid to go long at the moment seeing the chart, it will reach strong resistance soon.
  • #4,848
  • Mar 27, 2014 4:10am Mar 27, 2014 4:10am
Quoting richtrader
{quote} I'm waiting patiently for NZD/USD to fall, I'm afraid to go long at the moment seeing the chart, it will reach strong resistance soon.
AZDNZD long term long to 1.12
To live a successful life, we must lose our fear of being wrong
  • #4,849
  • Mar 27, 2014 4:46am Mar 27, 2014 4:46am
Quoting EatPIPs
{quote} AZDNZD long term long to 1.12
AZD? if you mean AUDNZD, I agree with you, I will only enter long for this pair, but still waiting to see if it makes HL.
  • #4,850
  • Mar 27, 2014 4:54am Mar 27, 2014 4:54am
quote=aliqazi;7366524]thanks bro i can hold on 1270 but if still go down than i loss my account i think go back its big dig................. still cannot got sell,whats ur view about thd day i want to close best point[/quote]

You are in a difficult position indeed.

Here's my view but first my charts :



On the Monthly chart, the market has almost closed the gap (i.e. the 2 in the yellow line is close to 0).

The market will have fully closed the gap once it reaches the Demand level @1289.43. WATCH THIS LEVEL CAREFULLY.

If the market breaches 1289.43, it will move on to the next level of Demand indicated on the Weekly chart @1274.44.
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 27-03-2014 (25-1).PNG Size: 16 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #4,851
  • Mar 27, 2014 4:55am Mar 27, 2014 4:55am
Quoting EatPIPs
{quote} ....technically I would see gold going to 1287 - 1263 and see what PA does there.....
I've got 1270.53 as the next possible lower level, which is within your range, we'll see what happens.
  • #4,852
  • Mar 27, 2014 4:59am Mar 27, 2014 4:59am
good day my fellow traders...I need some assistance please. I got lucky with a short gold trade and I am wondering where would be a good SL. see pic attached.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2014-03-27 11.49.39.png Size: 34 KB
  • #4,853
  • Mar 27, 2014 5:07am Mar 27, 2014 5:07am
Seems like price is making ab=cd on the 4H chart...slightly above sma400 4H and daily sma64. About time to add more long at 1290
  • #4,854
  • Mar 27, 2014 5:09am Mar 27, 2014 5:09am
Quoting zaghloul
{quote} Why go through all this mess? Why not just use a true ECN broker that does not pad the spreads and adds a commission? My broker uses real market spread (which can even be negative sometimes.)
Please read my quotes carefully. Your definition of market spread is different than mine.

For me, Brokers have nothing to do with Market Spread.

Market Spread is only about the difference Buyers and Suppliers (non-brokers).

If you look at my charts, they are far easier to understand than any other charts you have read in your lifetime.

They contain only one candlestick and the exact levels at which there are Buyers (Demand) and Sellers (Supply).

That is all you need to trade very successfully (absolutely no indicators necessary). People who use indicators have MESSY charts, not me!!!!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #4,855
  • Mar 27, 2014 5:22am Mar 27, 2014 5:22am
Quoting jackeollio
I have been asked to provide the charts I use ... Here they are ... {image}
http://www.forexfactory.com/attachme...1&d=1395848071

hello,
thank you for charts. I wonder what does 14,25,61 on right chart mean?
Why is on 8h chart no demand and supply?
regards
lapras
  • #4,856
  • Mar 27, 2014 5:29am Mar 27, 2014 5:29am
Quoting lapras
{quote} {image} hello, thank you for charts. I wonder what does 14,25,61 on right chart mean? Why is on 8h chart no demand and supply? regards lapras
Excellent question!

Notice the background colors :

1) Blue is for Buyers
2) Red is for Suppliers
3) Yellow is for unfilled gap

Now for the numbers you see :

1) the number 14 means 14% of the gap has been filled by Buyers
2) the number 25 means 25% of the gap has been filled by Suppliers
3) the number 61 means 61% of the gap remains unfilled.

Cheers.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #4,857
  • Mar 27, 2014 5:34am Mar 27, 2014 5:34am
Quoting jackeollio
{quote} Excellent question! Notice the background colors : 1) Blue is for Buyers 2) Red is for Suppliers 3) Yellow is for unfilled gap Now for the numbers you see : 1) the number 14 means 14% of the gap has been filled by Buyers 2) the number 25 means 25% of the gap has been filled by Suppliers 3) the number 61 means 61% of the gap remains unfilled. Cheers.
So in the 8 hour chart there is no color/deman and supply..does that means that all is filled, and price cannot go beyond that high and low range?
  • #4,858
  • Mar 27, 2014 5:44am Mar 27, 2014 5:44am
Quoting Polaris4dy
{quote} So in the 8 hour chart there is no color/deman and supply..does that means that all is filled, and price cannot go beyond that high and low range?
Thanks for asking. I apologize to Lapras for not answering his question in my previous post.

The reason there is no Supply and Demand indicated on the 8 Hour chart is simply because Supply has overcome Demand.

When Supply overcomes Demand, this is what happens:

1) Supply and Demand are made blank,
2) the square in the center turns Grey and contains the word High to indicate that we have a high on this particular timeframe.

In which case, you need to look at other timeframes to find appropriate levels of Supply and Demand.

Cheers.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #4,859
  • Mar 27, 2014 5:50am Mar 27, 2014 5:50am
Quoting richtrader
{quote} AZD? if you mean AUDNZD, I agree with you, I will only enter long for this pair, but still waiting to see if it makes HL.
Yea sorry typo.
To live a successful life, we must lose our fear of being wrong
  • #4,860
  • Mar 27, 2014 6:02am Mar 27, 2014 6:02am
Is this where gold falls off the cliff? currently @1292.
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